by Lee Lin

Check Availability
$190,000
↓ $8K (4%)
● House - For Sale

985 FORREST AVE

Memphis, TN 38105
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,508 Ft²
$1,056
Est. Monthly

About This Property

Step into a home filled with history and character, just waiting for your personal touch. New exterior and interior paint, New kitchen flooring and concrete pad ready for auxiliary unit if you choose to add one. This 4-bedroom, 1.5-bath property features original hardwood floors, central Heat window units, a spacious formal dining room, dedicated office space, and a screened-in porch perfect for relaxing evenings. The fenced backyard adds privacy and room to enjoy the outdoors. With great bones and tons of potential, this home is a rare opportunity to design and create the dream home you've been looking for. Several homes on this street have been updated and brought back to life. Up and coming neighborhood. This home qualifies for down payment assistance up to $25000. Will consider installing central Air with acceptable offer. Call your agent today for details
Unit Size
2,508 Ft²
Days on Market
121 days
Land Size
0.15 acres
Price per sqft
$76
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1921

Listed By

Payment Calculator

Cap Rate Calculator

Last updated: 30 days ago (Realtracs #RTC3248805)

Price History

Date / Event Date Event Price
Sep 25, 2026 Price Decreased $190,000
↓ $8K (4%)
Price Decreased
Sep 3, 2026 Price Decreased $198,000
↓ $17K (7.9%)
Price Decreased
Aug 7, 2026 Price Decreased $214,900
↓ $5K (2.3%)
Price Decreased
Jul 19, 2026 Price Decreased $219,900
↓ $5K (2.3%)
Price Decreased
Jun 25, 2026 Listed by Fast Track Realty $225,000
Listed by Fast Track Realty
Show More

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Has Carport
Parking Features: Attached, Parking Pad
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Refrigerator, Range, Oven
Flooring Type: Wood
Laundry Features: Washer Hookup
Basement: Other
Exterior Details
Square Footage: 2508
Square Footage Source: $0
Architectural Style: Other
Year Built: 1921
Building Area Total: 2508
Levels: Three Or More
Building Area Units: Square Feet
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Lot Size Dimensions: 50X138
Tax Lot: 15
Water Source: Public
Financial Details
Tax Annual Amount: $1,469
Utilities Details
Cooling Type: Central Air, Wall/Window Unit(s)
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 2
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,508
  • Gross Building Area: 2,628
  • Building Area: 2,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 7
  • Heating: 24
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GALLOWAY PARK
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: SS FORREST

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002400

Zoning

  • Zoning: RU-3

Geography

  • Assessors Map Reference: MB 6-118
  • District: O
  • Parcel: 02-1122-0-0015
  • Block: 8
  • Lot: 15
  • Municipality: MEMPHIS
  • Latitude: 35.1536
  • Longitude: -90.0263

    Address

  • Full Address: 985 Forrest Ave
  • Address - House Number: 985
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C053
  • 4-Digit Zip Code: 2306
  • Zip Code: 38105

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $117,416
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 222,328
  • High Value: 277,629
  • Low Value: 167,028

    Market Valuation

  • Market Total Value: $77,100
  • Market Land Value: $4,500
  • Market Improvement Value: $72,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,275
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $18,150
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Memphis


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 60 N Montgomery Street, Memphis, TN, 38104

$1,143 /mo

  • 1 Bed
  • 1 Bath
60 N Montgomery Street, Memphis, TN, 38104 Listing by Rick Rivera
Unit for rent at 875 Doctor Mlk Jr Avenue, Memphis, TN, 38126

$1,203 /mo

  • 2 Beds
  • 1 Bath
875 Doctor Mlk Jr Avenue, Memphis, TN, 38126 Listing by Rick Rivera


Frequently Asked Questions

When was property at 985 Forrest Avenue built and last sold?
The property at 985 Forrest Avenue was built in 1921 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 985 Forrest Avenue is $188,881.
What are some comparable homes to 985 Forrest Avenue?
There are currently no comparable homes to 985 Forrest Avenue.