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155 N MERTON ST Memphis, TN $ 365,000
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$ 365,000 Get more info
155 N MERTON ST
$ 365,000
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155 N MERTON ST

Memphis, TN, 38112
$ 365,000
Bedrooms4 Baths2.0 Sq 1,725

Monthly Estimate*

$ 2,277

155 N MERTON ST, Memphis, TN 38112 - Image 1

Multi-Family Home for sale in Memphis, TN

for $365,000 with 4 bedrooms and 2 full baths. This 1,725 square foot home was built in 1947.

Investor-ready duplex with built-in cash flow and strong upside! This well-maintained property features two 2-bed, 1-bath units. One unit is currently occupied by a reliable long-term Section 8 tenant paying $1,438/mo in guaranteed rent, providing immediate, stable income. The second unit is vacant and ready for your next tenant, offering the opportunity to lease at market rates or complete value-add improvements to increase returns. Located in a high-demand rental area, this duplex combines solid existing cash flow with excellent future potential. Ideal for both seasoned investors and those growing their portfolio, this property offers multiple paths for added value, lease-up, renovations, or long-term hold strategy.

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Multi-Family Pending

Price

$ 365,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 954

Style

Traditional

Year Built

1947

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10210213
Features
General
Heating Other (See Remarks)
Cooling Other (See Remarks)
Status Pending Pending
Parking Other (See REMARKS)
Legal Subdivision Name BARTON & LAMB POPLAR ST RE OF PART LOTS
Style Traditional
Stories Count 1
County Shelby
Class Duplexes
Type Built as Duplex
Area 744I Overton Park
Parcel Number 033012 00022
Sale/Rent For Sale
Status Detail 0
Year Built 1947
Directions Follow I-240 E and Sam Cooper Blvd to Tillman St. Take Summer Ave to N Merton St. Turn right onto Tillman St. Turn left onto Summer Ave. Turn right onto N Merton St.
City Memphis
DOM 5
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Exterior
Pool None
Lot 3
Lot Size 75X160
Lot Description Some Trees
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Fast Track Realty, Llc

Broker

Affordability Calculator

$2,357
Per Month
97%
3%
0%
Monthly Principal & Interest
$2,277
Monthly Property Taxes
$80
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
11/21/2025$365,000 Listed Price

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155 N MERTON ST, Memphis, TN, 38112 is a Multi-Family Home for sale at $365,000 with 1,725 sqft. 155 N MERTON ST has 4 bedrooms, 2.0 baths, and was built in 1947. The property's zip code is 38112 which is in Memphis, TN

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