1531 NETHERWOOD AVE Memphis, TN $ 145,900
1531 NETHERWOOD AVE
$ 145,900
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1531 NETHERWOOD AVE

Memphis, TN, 38106
$ 145,900
Bedrooms3 Baths1.0 Sq 1,384

Monthly Estimate*

$ 898

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Single Family Home for sale in Memphis, TN

for $145,900 with 3 bedrooms and 1 full bath. This 1,384 square foot home was built in 1912 on a lot size of 0.16.

The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 7.16% and a monthly cash flow of $256.47. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring, an updated kitchen with new countertops and fixtures, and a fully renovated bathroom with new tub and subway tile. Additional enhancements include fresh interior and exterior paint, updated lighting throughout, and completed crawl space and system repairs. Turnkey condition with strong rental potential and minimal deferred maintenance. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

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Single Family Active

Price

$ 145,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,010

Style

Traditional

Lot Size

0.16

Year Built

1912

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10195316

Features
General
Heating Central
Cooling Central
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name CRUMP BROS
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 748B South Memphis/Glenview
Parcel Number 031009 00010
Sale/Rent For Sale
Status Detail 0
Year Built 1912
Directions From E McLemore Ave go south on Rayner St turn left on Netherwood Ave; property on right.
City Memphis
DOM 381
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Interior
Living Room Other (See Remarks)
Beds 3
Total Baths 1
Number of Rooms 7
Heated SqFt 1200-1399
Downstairs Bedrooms 3
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Exterior
Pool None
Lot 27
Lot Size Area 0.16
Lot Size 50X143
Lot Description Some Trees
Misc. Exterior Porch Other (See REMARKS)
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* Excluded Features
List By
Foundation Property Management

Broker

Affordability Calculator

$982
Per Month
91%
9%
0%
Monthly Principal & Interest
$898
Monthly Property Taxes
$84
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
6/1/2026$145,900 -2.67% Price Down
2/25/2026$149,900 -6.25% Price Down
7/4/2025$159,900 Listed Price

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1531 NETHERWOOD AVE, Memphis, TN, 38106 is a Single Family Home for sale at $145,900 with 1,384 sqft and a lot size of 0.16. 1531 NETHERWOOD AVE has 3 bedrooms, 1.0 baths, and was built in 1912. The property's zip code is 38106 which is in Memphis, TN