Skip to main content
Back to Search Results
|

285 Lucy, Memphis, TN 38106

Show All 11 Photos
For Sale

$340,000

Estimated Payment

$ 1,818 /mo. †

6.67% APR for 30 yrs.
$819 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8 tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.
MLS# 10190234

Courtesy Of Crye-Leike Realtors

(901) 756-8900

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 285 Lucy, Memphis, TN 38106

Home seller CENTURY 21 Patterson & Associates Real Estate Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Patterson & Associates Real Estate Co.

(901) 701-1064
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $1,750
  • Property Taxes
    $68
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,818

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

A. B. Hill Elementary School

Grades PK-5 Public School

Memphis, TN 38106 0.3 miles
345 e olive ave

386 total students
17:1 Student teacher ratio

School Rating: D+

School Details

Hamilton High School

Grades 9-12 Public School

Memphis, TN 38106 2.2 miles
1363 e person ave

712 total students
23:1 Student teacher ratio

School Rating: F

School Details
Other Nearby Schools Distance Type Grades School Rating
Ida B. Wells Academy Elementary School/middle School 0.6 miles Public KG-8 D-
Larose Elementary School 0.7 miles Public PK-5
Memphis Scholars Florida-kansas (asd) 0.9 miles Public PK-5 D+
Memphis Scholars Raleigh-egypt 0.9 miles Public 6-8
Hollis F. Price Middle College 1.1 miles Public 9-12 C+
Booker T. Washington High School 1.1 miles Public 6-12 D
Carver College And Career Academy 1.1 miles Public 3-12 F
Soulsville Charter School 1.2 miles Public 6-12 D
Circles Of Success Learning Academy 1.2 miles Public KG-5 C+
Ernestine Rivers Child Care Center 1.2 miles Public PK
Creative Life Preparatory School 1.2 miles Private KG-10
Memphis Delta Preparatory 1.2 miles Public KG-5 D
Cummings School 1.4 miles Public PK-8 C-
Riverview School 1.6 miles Public PK-8 D+
Alton Elementary School 1.6 miles Public PK-5 D+
Vision Preparatory Charter School 1.7 miles Public KG-5 D-
Bluebird Learning Center 1.8 miles Public PK
Early Childhood Education 1.9 miles Public PK
City University School Girls Preparatory 2 miles Public 6-8 C+

Ida B. Wells Academy Elementary School/middle School

Distance: 0.6 miles

Type Public

Grades: KG-8

D-

Larose Elementary School

Distance: 0.7 miles

Type Public

Grades: PK-5

Memphis Scholars Florida-kansas (asd)

Distance: 0.9 miles

Type Public

Grades: PK-5

D+

Memphis Scholars Raleigh-egypt

Distance: 0.9 miles

Type Public

Grades: 6-8

Hollis F. Price Middle College

Distance: 1.1 miles

Type Public

Grades: 9-12

C+

Booker T. Washington High School

Distance: 1.1 miles

Type Public

Grades: 6-12

D

Carver College And Career Academy

Distance: 1.1 miles

Type Public

Grades: 3-12

F

Soulsville Charter School

Distance: 1.2 miles

Type Public

Grades: 6-12

D

Circles Of Success Learning Academy

Distance: 1.2 miles

Type Public

Grades: KG-5

C+

Ernestine Rivers Child Care Center

Distance: 1.2 miles

Type Public

Grades: PK

Creative Life Preparatory School

Distance: 1.2 miles

Type Private

Grades: KG-10

Memphis Delta Preparatory

Distance: 1.2 miles

Type Public

Grades: KG-5

D

Cummings School

Distance: 1.4 miles

Type Public

Grades: PK-8

C-

Riverview School

Distance: 1.6 miles

Type Public

Grades: PK-8

D+

Alton Elementary School

Distance: 1.6 miles

Type Public

Grades: PK-5

D+

Vision Preparatory Charter School

Distance: 1.7 miles

Type Public

Grades: KG-5

D-

Bluebird Learning Center

Distance: 1.8 miles

Type Public

Grades: PK

Early Childhood Education

Distance: 1.9 miles

Type Public

Grades: PK

City University School Girls Preparatory

Distance: 2 miles

Type Public

Grades: 6-8

C+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Memphis, TN 38106

Tour the area

Schedule a
tour with a
personal guide

Memphis, TN 38106

This community’s employment is highest in the transportation and administrative support industries. The area’s overall household expenses are below the national average.

91° July
Hottest Average Month
30° January
Coldest Average Month
8,738 Total Households in Area
-1.8% Increase in population since the year 2010
21.8%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Memphis, TN 38106

Memphis, TN 38106 has a population of 21,626 people in 8,738 households with a median age of 42.5 years old.

-1.8%
Decrease in population
since the year 2010
Population is Trending down
9,059
Total households as of 2010
0.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 42.5 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Black 93%
Hispanic 2%
White 2%
Other 2%
Asian <1%
Native American <1%
The most prevalent ethnicity is Black at 93%, followed by Hispanic at 2%, White at 2%, and Other at 2%.

Economics
for Memphis, TN 38106

2,128 /sq mi
Population Density
$32,907 /yr
Median Household Income
$80,000
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 26.75% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 3%
  • Public Transit 3%
  • Walk or Bike 3%

Occupancy by Type

Rented 4,740 46%
Owned 3,998 39%
Vacant 1,587 15%

White vs Blue Collar Jobs







White Collar 55%
Blue Collar 45%

Family & Education Facts
for Memphis, TN 38106

42.5 Median Age

Average Household Size

2.5
persons per
household

13.5%

Married Households

Community Population By Education

High School Graduate 46%
Some High School 19%
Some College 16%
Bachelors Degree 9%
Associates Degree 5%
Graduate Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 45.87% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21.9% of households have children

Weather
for Memphis, TN 38106

The weather for this area ranges from a high of 91° F in July to a low of 30° F in January

91° July
Hottest Average Month
30° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
30°
48°
Feb
34°
53°
Mar
41°
62°
Apr
51°
73°
May
59°
81°
Jun
67°
88°
Jul
71°
91°
Aug
69°
90°
Sep
62°
84°
Oct
50°
75°
Nov
41°
62°
Dec
33°
52°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Tour the area

Schedule a
tour with a
personal guide

There's more to learn about Memphis, TN 38106!
Explore more local area information

An Equal Opportunity Company

Copyright © 2025 Memphis Area Association of Realtors&#174;. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading