706 LESTER ST Memphis, TN ^$ 122,500

706 LESTER ST

^$ 122,500

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706 LESTER ST

Memphis, TN, 38112

^$ 122,500

Bedrooms2 Baths2.0 Sq 1,092

Monthly Estimate*

^$ 764

706 LESTER ST, Memphis, TN 38112 - Image 1

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Multi-Family Home for sale in Memphis, TN

for $122,500 with 2 bedrooms and 2 full baths. This 1,092 square foot home was built in 1950.

Turnkey rental in Binghampton ready to be added to your portfolio! 1br units each side, one is vacant but rent ready and the other is occupied at $600! Minutes away from Overton Park, tons of shopping, dining and amenities along Summer and Broad Ave, also easy access to I-40. Please donât disturb tenants and make all offers contingent upon inspection.

Multi-Family Active

Price

^$ 122,500

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,078

Style

Traditional

Year Built

1950

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10208258

Features

General

Heating Gas Wall Heat

Cooling 1 Window Unit per Unit 2+ Window Units per Unit

Roof Composition Shingles

Status Active Active

Parking Driveway/Pad

Legal Subdivision Name SUMMER AVENUE

Style Traditional

Stories Count 1

County Shelby

Class Duplexes

Type Built as Duplex

Area 751A Midtown/Holmes

Parcel Number 052064 00016

Sale/Rent For Sale

Status Detail 0

Year Built 1950

Directions From I-40 follow Sam Cooper Westbound to Tillman st. Take Tillman northbound until reaching Faxon Ave turn left onto Faxon and property will be to your right at the corner of Lester st.

City Memphis

DOM 48

Exterior

Pool None

Lot 84

Lot Size 70X115

Lot Description Corner Some Trees

Interior

Hot Water Gas

* Excluded Features

List By

Tri-Leake Realty

Broker

Affordability Calculator

$854

Per Month

Monthly Principal & Interest: $764
Monthly Property Taxes: $90
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Memphis, TN

Average List Price ^$312,370

Percent of Sale Price 155%

About Memphis, TN

651,785 Population

-6% Since 2002

^$38,338 Median Income

35.39 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

460623 Elementary School

460624 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/9/2025	$122,500	-2.00%	Price Down
10/22/2025	$125,000		Listed Price

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706 LESTER ST, Memphis, TN, 38112 is a Multi-Family Home for sale at $122,500 with 1,092 sqft. 706 LESTER ST has 2 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 38112 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Some or all of the listings displayed may not belong to the firm whose website is being visited.

The information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing.

Data is updated as of 12/10/2025.

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706 LESTER ST

Multi-Family Home for sale in Memphis, TN

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