845 Gracewood St
Memphis, TN 38112
Map
- 2 beds
- 1 bath
- – sqft
- 1948 build
- – on site
More homes
This well-built 2-bedroom, 1-bath home sits at the end of a quiet dead-end street, surrounded by owner-occupied homes in a rapidly growing neighborhood with rising property values. With major updates already completed, this property is a smart investment or a move-in-ready home. Recent upgrades include a brand-new PEX plumbing system installed in September 2024, a fully replaced HVAC system in 2022, and updated electrical wiring with modern lighting throughout. The spacious lot offers plenty of outdoor potential, but the real bonus is the nearly 400 sq. ft. detached garage—perfect for converting into a tiny house, ADU, or guest suite. With a smart renovation, it could generate extra rental income or serve as a private studio or additional living space. With just a few cosmetic touches, this home is primed to become a high-performing rental or a cozy residence in a high-demand area. Don’t miss this opportunity—contact the listing agent today!
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Last updated Jun 4, 2025
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MLS# 10184562 —
The Building
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Construction Status:Existing Property
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Style:Traditional
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Type:Detached Single Family
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Exterior/Windows:Wood/Composition
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Detached Unit Type:General Residential
Interior
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Living/Dining/Kitchen:Other (See Remarks)
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Floors/Ceilings:Other
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Additional Bed/Bath Info:All Bedrooms Down, 1 or More BR Down, Primary Down, Split Bedroom Plan
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1st Story Floor Plan:Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
Financial & Terms
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Terms:Cash
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Warranty/Possible Addenda:Possession by Agreement, LA to Hold Earnest Money
Location
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Map Coordinate:A
The Property
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Area:751A
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Acres:0.19
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Lot Description:Level
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Lot #:8
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Lot Size:60 Sqft
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Miscellaneous Exterior:Wrought Iron Security Doors, Porch, Well Landscaped Grounds, Chain Fence
Listing Agent
- Contact info:
- Agent phone:
- (901) 517-8564
- Office phone:
- (901) 202-2000
Beds
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Second Bedroom:Level 1
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Bedroom 3:Level 1
Heating & Cooling
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Heating:Central
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Cooling:Central
Appliances
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Interior Equipment:Cooktop, Gas Cooking, Dishwasher, Other (See REMARKS)
The Community
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Neighborhood Association:None
Parking
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Parking Display:G1D
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Parking/Storage:Driveway/Pad, Front-Load Garage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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5/30/25
May 30, 2025
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Sold | MAARMLS | $63,000 | -15.9% |
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3/7/25
Mar 7, 2025
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Price Changed | MAARMLS | $74,900 | -9.7% |
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12/3/24
Dec 3, 2024
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Price Changed | MAARMLS | $82,900 | -7.8% |
