Property listing for 123 South Fenwick Road, Memphis, TN 38111
For SaleSingle Family Home

$350,000

123 South Fenwick Road, Memphis, TN 38111

Updated 1920 Traditional with Spacious Yard and Modern Systems

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

About 123 South Fenwick Road

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.

Home Highlights

Move-in readyNew electrical panel (2024)New sewer line (2023)New furnace (2022)Updated kitchen with solid-surface countersFenced backyard with mature trees2,327 SF single-story livingFlexible floor plan with office spaceDriveway parking

Property Features

Interior Features

  • Hardwood floors throughout
  • Fireplace in living area
  • Updated kitchen with solid-surface countertops
  • Stainless steel appliances
  • Three bedrooms, three bathrooms
  • Flexible office/bonus room
  • Central heating and cooling

Exterior & Lot

  • 0.21-acre lot (9,147 SF)
  • Fenced backyard with mature trees
  • Driveway parking for two
  • 50 ft frontage on South Fenwick Road
  • Composition shingle roof
  • Level topography—easy yard maintenance

Location & Neighborhood

  • 0.3 miles to Poplar Avenue retail and dining
  • Chickasaw Gardens: 0.3 miles
  • University of Memphis: 1.5 miles
  • Memphis Botanic Garden: 2.0 miles
  • Overton Park: 2.5 miles
  • Easy access to major roads and public transportation

Walkability & Recreation

  • Walkability Rating: 41/100 — Car-Dependent
  • Chickasaw Gardens (0.3 mi) and neighborhood green spaces
  • Memphis Botanic Garden (2.0 mi) and Overton Park (2.5 mi)
  • Memphis Zoo (3.0 mi)
  • Close proximity to University of Memphis (1.5 mi)
  • Community recreation options nearby

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Melrose High School

High

3/10

Sherwood Middle School

Middle

5/10

Memphis School of Excellence Elementary Cordova

Elementary

3/10

Walkability & Recreation

41
Walkability
80
Recreation

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.

Investment Highlights

  • Recently updated with new electrical panel (2024), sewer line (2023), and furnace (2022)
  • Spacious kitchen with modern appliances and ample storage
  • Fenced backyard with mature trees for privacy and outdoor enjoyment
  • Proximity to University of Memphis and other key amenities
  • Flexible floor plan with additional office space

Key Findings

  • Assessed value of $96,775 appears below market value
  • Zoned R-6 allowing single-family residential use
  • Comparable sales within 0.5 miles in last 6 months range $340K–$360K
  • Average days on market in the area: 30 days

Things to Consider

  • Built in 1920 — potential for aging infrastructure requiring inspection
  • Elementary and high schools have below-average ratings
  • Slight depreciation since 2021 purchase price of $367,000

Opportunity Analysis

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.

Potential Use Scenarios

  • Ideal for families seeking proximity to University of Memphis and other amenities
  • Potential for rental income given the flexible floor plan and location
  • Consideration for long-term appreciation in a stable market

Risk Factors

  • Aging infrastructure due to 1920 construction
  • Below-average school ratings may impact family buyer interest
  • Recent slight depreciation since 2021 purchase

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$340K

Midpoint

$350K

High

$360K

$150.4/SF estimated price per square foot

82% confidence

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.

Market & Area Data

Market Trends

Area Median Price$350,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$45,000

Stable neighborhood with moderate growth. Walkability Rating estimate: 41/100.

Nearby Points of Interest

  • Chickasaw Gardens (0.3 mi)
  • University of Memphis (1.5 mi)
  • Memphis Botanic Garden (2 mi)
  • Overton Park (2.5 mi)
  • Memphis Zoo (3 mi)

Close proximity to shopping, dining, and recreational facilities. Easy access to major roads and public transportation.

School District

DistrictShelby County Schools
ElementaryMemphis School of Excellence Elementary Cordova (3/10)
MiddleSherwood Middle School (5/10)
HighMelrose High School (3/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1920
Constructionwood frame
Stories1
Roofcomposition shingles
Heatingcentral
Coolingcentral
Basementcrawl space
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.21 acres (9,147 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
Frontage50 ft frontage on South Fenwick Road

Utilities

Waterpublic
Sewerpublic
Electricmunicipal
Gasmunicipal

Zoning & Land Use

Zoning CodeR-6
DescriptionSingle Family Residential
JurisdictionCity of Memphis

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$96,775
Land$12,100
Improvements$84,675
Annual Tax (2024)$6,373

Sale History

2021-07-01$367,000

$157.7/SF

Arm's length transaction

2018-05-17$270,000

$116.1/SF

Arm's length transaction

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