$350,000
3 Bed · 3 Bath · 2,327 Sq Ft
3BR/3BA, 2,327 SF single-story near University of Memphis
3
Beds
3
Baths
2,327
Sq Ft
1920
Built
0.21 acres
Lot
none
Garage
This 1920 traditional on South Fenwick Road pairs original character with the practical updates today's buyers demand. Set on a level 0.21-acre lot with 50 feet of frontage, the house opens into timeless hardwood floors and a layout that reads as comfortable and purposeful. A working fireplace anchors the living area; adjacent rooms adapt easily to modern routines—formal dining, a home office, or a quiet reading nook.
The kitchen has been refreshed with solid-surface countertops and stainless steel appliances, delivering bright, functional workspaces without losing the home's vintage footprint. Throughout the interior you'll find thoughtful systems upgrades: a new furnace installed in 2022, a new sewer line in 2023 and an upgraded electrical panel in 2024—improvements that reduce near-term maintenance concerns and let you enjoy the home from day one.
At roughly 2,327 square feet, the single-story plan supports family life and flexible use. Three bedrooms and three bathrooms provide private spaces for everyone; an extra room currently used as an office offers easy conversion for remote work or a fourth living area. The crawl-space foundation and composition shingle roof reflect practical, serviceable construction for this vintage property.
Outside, a fenced backyard framed by mature trees creates a private, shaded retreat for play, pets, or weekend gatherings. Driveway parking for two sits off South Fenwick Road, and the property’s level lot simplifies landscaping projects or future improvements. With no attached garage, the yard becomes the standout outdoor asset.
Location is a defining advantage: you are a short drive from Poplar Avenue (0.3 miles), steps from neighborhood green spaces like Chickasaw Gardens (0.3 miles) and within easy reach of University of Memphis (1.5 miles), Memphis Botanic Garden (2 miles) and Overton Park (2.5 miles). This address offers a stable East Memphis-Colonial-Yorkshire setting where classic architecture and updated systems come together—an attractive choice for buyers seeking established neighborhood character and modern reliability.
East Memphis–Colonial–Yorkshire is an established, tree-lined pocket prized for its proximity to Poplar Avenue amenities and several major cultural and recreational anchors. Residents value short drives to cafés, grocery and retail, plus easy access to the University of Memphis, Chickasaw Gardens and the Botanic Garden. The neighborhood blends classic residential architecture with practical access to city services and transportation, creating a comfortable, stable setting for families and professionals seeking convenience without high-density congestion.
East Memphis is currently a market with balanced momentum and leanings that favor sellers in tight inventory periods. Local metrics show roughly 2.5 months of inventory and an average days-on-market near 30 days, which indicates homes priced correctly are still selling within about a month. Median sale price in the area hovers around $350,000 with modest year-over-year appreciation (about 5% over the last 12 months) and stronger gains over five years (~25%).
Single-family homes like this one—traditional, renovated, and within 2–3 miles of major neighborhood anchors—perform well. Comparable sales analysis supports an estimated value range of $340,000–$360,000; sellers who highlight recent mechanical upgrades and updated kitchens tend to attract competitive interest. For investors, rental comparables suggest robust demand (estimated monthly rent near $2,500 and a gross rental yield around 8.6%), helped by proximity to the University of Memphis and nearby employment and amenities. Overall, this is a market where buyers can still find value if they act decisively, and sellers who present maintenance updates and staging typically see interest quickly.
Melrose High School
High
Sherwood Middle School
Middle
Memphis School of Excellence Elementary Cordova
Elementary
Very good access to parks and attractions—Chickasaw Gardens (0.3 mi), Memphis Botanic Garden (2 mi), Overton Park (2.5 mi) and the Memphis Zoo (3 mi) are all within a short drive, offering trails, gardens and family-friendly outdoor amenities.
Well-maintained traditional home in a stable Memphis neighborhood with recent updates and a flexible floor plan. Proximity to key amenities and a balanced market suggest potential for steady appreciation.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$340K
Midpoint
$350K
High
$360K
$150.4/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and updates. Assessed value of $96,775 appears below market.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable neighborhood with moderate growth. Walkability Rating estimate: 41/100.
Close proximity to shopping, dining, and recreational facilities. Easy access to major roads and public transportation.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$157.7/SF
Arm's length transaction
$116.1/SF
Arm's length transaction
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