1549 ELY ST Memphis, TN ^$ 53,000

1549 ELY ST

^$ 53,000

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1549 ELY ST

Memphis, TN, 38106

^$ 53,000

Bedrooms3 Baths1.0 Sq 905

Monthly Estimate*

^$ 326

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Single Family Home for sale in Memphis, TN

for $53,000 with 3 bedrooms and 1 full bath. This 905 square foot home was built in 1940 on a lot size of 0.09.

Unlock the income potential of this 3-bed, 1-bath rental property! With repairs, you can secure a **top-dollar tenant** and start generating strong cash flow. Rents in the area go upwards of $1,200, averaging around $995/mo! This is a **prime opportunity** for savvy investors looking to maximize ROI.

Single Family Active

Price

^$ 53,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 469

Style

Traditional

Lot Size

0.09

Year Built

1940

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10212052

Features

General

Heating Other (See REMARKS)

Cooling Other (See REMARKS)

Status Active Active

Full Baths 1

Half Baths 0

Legal Subdivision Name ORLEARNS ST PL BLK 8

Style Traditional

Stories Count 1

County Shelby

Class Residential

Type Detached Single Family

Area 747B South Memphis/61 Hwy

Parcel Number 034025 00005

Sale/Rent For Sale

Status Detail 0

Year Built 1940

Directions West on South Pkwy Left on Ely before Lauderdale.

City Memphis

DOM 4

Interior

Living Room Separate Living Room

Beds 3

Total Baths 1

Number of Rooms 6

Downstairs Bedrooms 3

Exterior

Pool None

Lot E PT 7&8

Lot Size Area 0.09

Lot Size 50X80

Lot Description Some Trees

Misc. Exterior Wooded Grounds

* Excluded Features

List By

Renshaw Company, Realtors

Broker

Affordability Calculator

$365

Per Month

Monthly Principal & Interest: $326
Monthly Property Taxes: $39
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Single family listings in Memphis, TN

Average List Price ^$254,064

Percent of Sale Price 379%

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
1/2/2026	$53,000		Listed Price

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1549 ELY ST, Memphis, TN, 38106 is a Single Family Home for sale at $53,000 with 905 sqft and a lot size of 0.09. 1549 ELY ST has 3 bedrooms, 1.0 baths, and was built in 1940. The property's zip code is 38106 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 1/7/2026.

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1549 ELY ST

Single Family Home for sale in Memphis, TN

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