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115 E DEMPSTER AVE Memphis, TN $ 39,500
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$ 39,500 Get more info
115 E DEMPSTER AVE
$ 39,500
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115 E DEMPSTER AVE

Memphis, TN, 38109
$ 39,500
Bedrooms4 Baths1.0 Sq 1,570

Monthly Estimate*

$ 246

115 E DEMPSTER AVE, Memphis, TN 38109 - Image 1

Single Family Home for sale in Memphis, TN

for $39,500 with 4 bedrooms and 1 full bath. This 1,570 square foot home was built in 1936 on a lot size of 0.17.

4-bedroom, 1-bath investment property priced at just $49,500. With an estimated $27,000 in repairs, this home is ideal for investors seeking a solid value-add project with strong cash flow potential. Key Highlights: Located in Memphis’ 38109 ZIP — a high-demand rental area minutes from Downtown, Surrounded by active investor activity and long-term community growth, Section 8 rental comps in the area average $1,400/month, with consistent demand for 4-bedroom units. This property offers a chance to build equity and generate reliable rental income in a growing submarket. Perfect for a buy-and-hold investor or someone looking to build a small rental portfolio. Being sold as-is.

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Single Family Active

Price

$ 39,500

Bedrooms

4

Full Bath

1

Property Type

Single Family

Taxes

$ 330

Style

Traditional

Lot Size

0.17

Year Built

1936

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10198883
Features
General
Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Roof Composition Shingles
Fireplaces 0
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name NEW SOUTH MEMPHIS BLK 3
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 747C South Memphis/61 Hwy
Parcel Number 050079 00011
Sale/Rent For Sale
Status Detail 0
Year Built 1936
Directions West on Mallory Ave~Left on Florida~Right on Dempster
City Memphis
DOM 170
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Interior
Dining Room 9x7
Living Room Eat-In Kitchen LR/DR Combination
Beds 4
Total Baths 1
Number of Rooms 6
Heated SqFt 1400-1599
Downstairs Bedrooms 4
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Exterior
Foundation Conventional
Pool None
Lot 9
Lot Size Area 0.17
Water & Sewer Public Sewer Public Water
Lot Size 50X150
Lot Description Level
Misc. Exterior Porch Patio
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* Excluded Features
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Real Estate Agency

Broker

Affordability Calculator

$274
Per Month
90%
10%
0%
Monthly Principal & Interest
$246
Monthly Property Taxes
$28
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/29/2025$39,500 -7.06% Price Down
8/19/2025$42,500 -14.14% Price Down
6/12/2025$49,500 Listed Price

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115 E DEMPSTER AVE, Memphis, TN, 38109 is a Single Family Home for sale at $39,500 with 1,570 sqft and a lot size of 0.17. 115 E DEMPSTER AVE has 4 bedrooms, 1.0 baths, and was built in 1936. The property's zip code is 38109 which is in Memphis, TN

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