309 Hernando St, Memphis, TN 38126
OFF MARKET

$508,800

Trulia Estimate
  • 8 Beds
  • 4 Baths

309 Hernando St, Memphis, TN 38126

Downtown
Est. Refi. Payment $3,198/mo*
Refinance Your Home
Currently Off Market - Sold Mar 15, 2024 for $520,000

Home Value

Trulia Estimate
$509K
Since last month
Increased$1K (+0.3%)
Since last year
Decreased$10K (-2%)
Since last sale
Decreased$23K (-4.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +250% in the last 10 years
MonthEstimated value
2026
September 2026$498K
August 2026$496K
July 2026$495K
June 2026$500K
May 2026$509K
April 2026$508K
March 2026$503K
February 2026$509K
January 2026$491K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
486 E Georgia Ave, Memphis, TN
0.56
Multi-Family Home
$490,000
02/27/26
-
6,150
508 S Main St, Memphis, TN
0.42
Multi-Family Home
$1,500,000
10/29/25
-
9,000
1337 Harbert Ave, Memphis, TN
2.01
Multi-Family Home
$325,000
08/20/26
6
2
3,178

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Dr Mill King Jr Ave #1, Memphis, TN 38126
0.11
-
-
-
-
Off Market
179 Vance Ave, Memphis, TN 38103
0.17
$750,000
Studio
-
9,100
For Sale
386 E Pontotoc Ave #6-4, Memphis, TN 38126
0.18
$925,000
-
-
-
For Sale
400 E Pontotoc Ave, Memphis, TN 38126
0.20
$499,000
4
2.5
2,770
For Sale
410 PONTOTOC, Memphis, TN 38126
0.21
$438,700
4
2.5
-
Off Market
414 PONTOTOC, Memphis, TN 38126
0.21
$438,900
4
2.5
-
Off Market
418 E Pontotoc Ave, Memphis, TN 38126
0.21
$525,000
4
2.5
2,173
For Sale
289 Turley St, Memphis, TN 38126
0.22
$385,100
3
2.5
2,350
Off Market
293 Turley St #1, Memphis, TN 38126
0.22
$339,100
3
2.5
-
Off Market
289 Turley St #2, Memphis, TN 38126
0.22
$334,500
3
2.5
-
Off Market
285 Turley St #3, Memphis, TN 38126
0.22
$335,300
3
2.5
-
Off Market

Local Information

  • Map ViewExplore the area around 309 Hernando St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1890

About this House

Downtown Investment Opportunity: Historic Updated Duplex near FedEx Forum. Each unit offers 2BR/2BA, ideal for savvy investors. Features income-generating private parking in a vibrant area. Optimal for living in one unit and renting out the other. Proven track record as a profitable short-term rental and corporate housing. Currently vacant, with a historical gross income of ~$6.2K/month. A perfect blend of lifestyle and steady income potential
309 Hernando St, Memphis, TN 38126 is a 8 bedroom, 4 bathroom multi-family in Downtown, built in 1890. It last sold for $520,000 on Mar 15, 2024 (4% below the $540,000 asking price). More recently, it was listed as a rental in October 2024 with an asking price of $1,950 per month. That rental listing was removed on November 8, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $508,800, with a rent estimate of $1,118/month.
Last check for updates: about 5 hours ago
Listed by Terrance Hill, (901) 691-2722
eXp Realty
Bought with: Terrance Hill, (901) 691-2722, eXp Realty
Source: RealTracs MLS as distributed by MLS GRID, MLS#3094714

Home Details for 309 Hernando St

Active Status

MLS Status: Closed

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Flooring: Wood
Levels, Entrance, & Accessibility
Stories: 2Levels: Three Or MoreFloors: Wood
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleNo Private Pool
Parking & Garage
No Attached Garage
Frontage
Not on Waterfront

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: DuplexArchitecture: Duplex
Building
Not a New ConstructionAttached To Another Structure
Property Information
Parcel Number: 005017 00032

Price & Status

Price
List Price: $540,000
Status Change & Dates
Off Market Date: Mon Mar 18 2024Possession Timing: Immediate

Location

Direction & Address
City: MemphisCommunity: Blk 43

Community

Not Senior Community

Lot Information

Lot Area: 6500 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 3094714Attribution Contact: 9016912722

Price and Tax history

DateEventPrice
Nov 8, 2024
Source: Zillow Rentals
ListingRemoved
$1,950
Oct 25, 2024
Source: Zillow Rentals
Listed For Rent
$1,950
Oct 10, 2024
Source: Zillow Rentals
ListingRemoved
$2,200
Sep 8, 2024
Source: Zillow Rentals
Listed For Rent
$2,200
Aug 27, 2024
Source: Zillow Rentals
ListingRemoved

Market trends in Downtown

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$159K
$10.37KMoM
Sale-to-List Price
—
Price per sq ft
$120
$3MoM
Available listings
384
3MoM

Around this home

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 264 Trulia users voted on each feature.

  • 85 % Say there are sidewalks

  • 76 % Say car is needed

  • 72 % Say it's dog friendly

  • 71 % Say streets are well-lit

  • 64 % Say it's walkable to restaurants

  • 64 % Say there's holiday spirit

  • 60 % Say parking is easy

  • 56 % Say yards are well-kept

  • 48 % Say it's quiet

  • 45 % Say kids play outside

  • 43 % Say neighbors are friendly

  • 43 % Say they plan to stay for at least 5 years

  • 40 % Say people would walk alone at night

  • 38 % Say it's walkable to grocery stores

  • 37 % Say there are community events

  • 22 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Samantha Dahmer
    "Private schools or public in the suburbs for parents moving from out of state to the Memphis area. School buses are about the only public transit. "
    0
    Flag
  • Trulia User
    "Little grass to walk and lots of speeding cars not paying attention to lights pedestrians and animals "
    0
    Flag
  • Samantha Dahmer
    "Public schools outside of Memphis are great, surrounding suburbs. If you live in Memphis city limits, try private schools."
    0
    Flag
  • Trulia User
    "There are different things the children can play, parks, you can go downtown and the pretty lights on different cars, prowlers, you can go riding on school buses for entertainment, here music with different lights on the bus, Beal street is open. There plenty of security around the city. When it is dark keep your children close to your side and enjoy yourselves."
    2
    Flag
  • Trulia User
    "The neighborhood seems very nice. Everything was clean. The houses very organized. The grass was nice. The mail ran on time. The people seemed to be very friendly. Also there was not any Home owners association fees. Everybody seemed to a gravitational community."
    9
    Flag
  • Jeremy F.
    "We have a variety of Festivals and events that celebrate the culture of the south. There are live music, great food, and games to play."
    6
    Flag
  • Lonneystar
    "People are friendly and willing to offer directions or information about the area. There are many stores and restaurants nearby. "
    1
    Flag
  • Alan B.
    "Dog park and parks are nearby. It is very walkable to most parks. There does however, seem to be an abundance of dog waste left around the city"
    2
    Flag
  • Emma L.
    "There is a giant, nice new dog park with a space for large dogs and a space for smaller dogs. There’s a little by river walk that’s wide enough for you to pass another dog, and tons of grass for them to run around in."
    5
    Flag
  • Alyssa R.
    "St Jude marathons, close to downtown, uptown, midtown, cooper young, Overton square area which have events monthly"
    2
    Flag
  • Shannon F.
    "Mississippi River views- quiet, privacy. Feeling of security and community amongst all neighbors. Neighbors are friendly. "
    2
    Flag
  • Juantena J.
    "I like where I live...a lot of places are very close. I can walk to the grocery store and Walgreens. I'm not use to living in the "City" so hearing the police sirens and ambulances too, I've gotten use to it"
    4
    Flag
  • Luh C.
    "Be strong and take care of what need to be done as in responsibility. Provide strive for greatness. "
    3
    Flag
  • Ebony C.
    "Not sure because I don’t own any pets and have no desire to do so. However there is a dog park downtown and other park areas "
    2
    Flag
  • Parker R.
    "Heavy traffic area, not awesome for walking your dog. Taking your dog down by the river is nice though, which is a short-ish walk away or a very short drive."
    1
    Flag
  • Hunny P.
    "Right by the river. Peaceful and calm environment. If you do get bored, night life is right around the corner. You get it all without sacrificing the peace and ambience "
    29
    Flag
  • Chloe S.
    "12 minutes to midtown. Not terrible traffic really. 5 minutes to West Memphis, AR. Roads are very easy to navigate"
    2
    Flag
  • Hunny P.
    "Accessible to parks and events. Quiet even though it is next to the street. Dog parks around the corner, food and grocery around the corner. You can take peaceful walks on the bridge. Amazing view"
    1
    Flag
  • Jaimie W.
    "Walking around or using a scooter down town, particularly south main is safe. Outside park areas available. "
    0
    Flag
  • Becky L. B.
    "South main arts district and business constantly expanding the area so our downtown can grow. Is residential in a downtown atmosphere. "
    18
    Flag
  • Murrellneal48
    "Dogs always have fun being walked by there owner. So to make a long story short. They are always very happy to be walked by there owner. And play with children."
    0
    Flag
  • Chauncey R.
    "My commute is pretty decent. I’m in the middle of everything and really don’t have to leave the house. The only downside is there is no grocery store in the area."
    1
    Flag
  • Danielle R.
    "Trolley nights on Main Street are very popular. Farmers market on Saturday mornings, new initiatives on Beale street landing on the river"
    0
    Flag
  • Goldmike99
    "Love living downtown good people not great for kids. Dog walkers is are all over and people are so friendly."
    9
    Flag
  • Goldmike99
    "A lot of people walk there dogs downtown and plenty of small places. Also small dog parks local in the area."
    0
    Flag
  • Evans.bran
    "It’s actually great for dog owners as long as they are leashed. There is plenty of places to walk them."
    0
    Flag
  • Alyssa R.
    "close to downtown, hospitals, Mississippi River, Overton Square, Midtown, Cooper Young, West Memphis, "
    3
    Flag
  • Elijah D.
    "One of the safest areas of downtown. Living next to the river is a huge plus and wonderful for children and those with pets. Bugs are a problem though if you don’t mind them too much "
    8
    Flag
  • Gayle M.
    "My neighborhood is fun and has a lot of great restaurants & entertainment nearby. But it can be sketchy after dark."
    0
    Flag
  • De-Mi W.
    "Great family environment! Great grocery store, school, restaurants and much more! The scenery is so beautiful! "
    0
    Flag
  • Norton2352
    "Lots of dog walkers- shops and cool nightlife- young people like the area- low crime rate- close to my church and my daughters family "
    1
    Flag
  • Niyungeko J.
    "It is important as a parents to chose an area that's safe for the kids to play without having to worry about anything. An area that's close to the park and it's safe. Also do house shopping wuth kids and get kids views of the houses as it will give you an ideas and add your ideas and their ideas to compromise"
    0
    Flag
  • Brian C.
    "Extremely easy access to the interstate so most trips are only 20-25 minutes. New traffic light at Georgia and Riverside makes the left turn a breeze to make now."
    0
    Flag
  • rae h
    "The traffic is bad 7-9am and 4-6pm which is typical everywhere. but any other time is pretty quiet but there is almost never parking anywhere. ever."
    0
    Flag
  • Tylersmith1031
    "I love downtown Memphis; it’s nice up incoming area. It’s exciting seeing Memphis become America’s next modernized renovated big city right before my eyes. "
    0
    Flag
  • JohnnyG
    "I've lived in this neighborhod for over three years and I've never had a problem. The people are nice and friendly I I feel safe walking at night."
    12
    Flag
  • Lisa A. D.
    "Close to the River, close to the bluffs, Secure, gated, some noise from special events or some weekends for the most part it is quite"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-18 16:53:24 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 309 Hernando St

  • What is 309 Hernando St estimated to be worth?
    Trulia's estimated value for 309 Hernando St in Memphis, TN is $508,800.
  • What is the price history for 309 Hernando St?
    309 Hernando St in Memphis, TN last sold for $520,000 in March 2024.
  • Is Memphis a buyer's or seller's market?
    Memphis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Memphis?
    The median sale price in Memphis is $159K. That is down $10.37K from the prior month.
  • Does 309 Hernando St have air conditioning?
    Yes, 309 Hernando St in Memphis, TN has air conditioning.

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