1562 Preston Street Memphis, TN $ 17,500
1562 Preston Street
$ 17,500
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1562 Preston Street

Memphis, TN, 38107
$ 17,500
Bedrooms4 Baths1.1 Sq 1,448

Monthly Estimate*

$ 109

1562 Preston Street, Memphis, TN 38107 - Image 1

Single Family Home for sale in Memphis, TN

for $17,500 with 4 bedrooms and 1 full bath, 1 half bath. This 1,448 square foot home was built in 1912 on a lot size of 0.18.

Calling all investors and visionaries! Located in the heart of Memphis, 1562 Preston Street offers an excellent opportunity for redevelopment or restoration. According to public records, this property features four bedrooms, one and a half bathrooms, and approximately 1,448 square feet of living space. Built in 1912, the home reflects the charm and character of its era but is in need of extensive repairs throughout. Please note that there is no interior access and no interior photos available. The property is being sold as-is, and the primary value lies in the land and its potential for future use. Whether you're looking to restore a historic structure or clear the site for a fresh start, this parcel provides a solid foundation in an established neighborhood. With the right vision and investment, 1562 Preston Street could become a standout project in a growing Memphis market. This is a chance to bring new life to a classic property while capitalizing on the area's continued development and demand. *Buyer and buyer's agent to verify all information contained herein. Deemed reliable, but not guaranteed. *Equal Housing Opportunity. Assignment of contract. Wholesaler holds equitable interest and has limited power of attorney from seller for document execution only.

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Single Family Active

Price

$ 17,500

Bedrooms

4

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 462

Style

Cottage

Lot Size

0.18

Year Built

1912

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

9987884

Features
General
Heating See Remarks
Cooling See Remarks
Roof Shingle
Zoning R6
Architectural Style Cottage
Construction Materials Wood Siding See Remarks
Year Built 1912
Topography Level
Property Subtype Single Family Residence
County Shelby
New Construction N
Property Type Residential
HOA N
Subdivision Name Not Listed
Garage Y/N N
Total Rooms 8
Full Baths 1
Status Active
Directions Beginning on I-69 take exit 28B toward S Parkway West. Take S Pkwy E to Preston St. Merge onto College St 157 ft turn right onto S Pkwy E. 1.3 mi turn left onto Preston St. Destination will be on the
High School Out Of Area
City Memphis
MLS Area 499 - Out Of Area
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N N
Elementary School Out Of Area
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Out Of Area
Property Condition Fixer Poor
Lease Renewal Y/N N
MLS Area Minor 499 - Out Of Area
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type House
Standard Status Active
Wood siding True
Cash True
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Exterior
Water Source See Remarks
Lot Size Area 0.18
Spa N
Building Area Total 1448.0
Lot Dimensions 53X145
Lot Size Acres 0.18
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Half Baths 1
Total Bedrooms 4
Total Baths 2
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Internal Only
Street Number 1 1562
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* Excluded Features
List By
Seth Lester

Listing Agent

Nexthome Magnolia Realty

Broker

diazandlester@gmail.com

Email

Affordability Calculator

$148
Per Month
74%
26%
0%
Monthly Principal & Interest
$109
Monthly Property Taxes
$39
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
857664 Elementary School
857119 Middle School
Out Of Area High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$17,500 -12.50% Price Down
11/16/2025$20,000 -20.00% Price Down
11/3/2025$25,000 Listed Price

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1562 Preston Street, Memphis, TN, 38107 is a Single Family Home for sale at $17,500 with 1,448 sqft and a lot size of 0.18. 1562 Preston Street has 4 bedrooms, 1.1 baths, and was built in 1912. The property's zip code is 38107 which is in Memphis, TN