1493 GAITHER ST Memphis, TN $ 275,000
1493 GAITHER ST
$ 275,000
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1493 GAITHER ST

Memphis, TN, 38106
$ 275,000
Baths0.0 Sq 2,850

Monthly Estimate*

$ 1,693

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Studio

Multi-Family Home for sale in Memphis, TN

for $275,000. This 2,850 square foot home was built in 1970.

Greenland presents a refreshed 4-plex opportunity positioned directly next to a park, offering both lifestyle appeal and strong investment potential. Recently updated with new flooring, fresh paint, and a clean, modernized feel throughout, each unit is move-in ready and primed for increased rents. Prior to renovations, units averaged just under $800/month, leaving clear upside for improved returns. Tenants will enjoy immediate access to green space, adding desirability and long-term retention value. Whether you’re expanding your portfolio or stepping into multifamily ownership, Greenland combines location, updates, and income potential in one compelling asset.

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Multi-Family Active

Price

$ 275,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,956

Style

Quadruplex

Year Built

1970

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

3163433

Features
General
Living Area 2850
Cooling Wall/Window Unit(s)
Possession Immediate
Roof Other
Construction Materials Brick
Year Built 1970
Tenant Pays Other
Stories Count 2
Levels Three Or More
County Shelby County TN
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name GREENLAND HGTS
Status Active
Buyer Financing Conventional
Directions Building is on the right. Next to the playground
City Memphis
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Property Attached Y/N Y
Tax Annual Amount 2956
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 5
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Interior
Flooring Wood Laminate
Air Conditioning Y/N Y
Heating Y/N N
Laundry Features Individual
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Total Parking 0
Building Area Total 2850
Lot Dimensions 50 X 150
Waterfront Y/N N
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Internal Only
Street Number 1 1493
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* Excluded Features
List By
Exp Realty

Broker

garth.ward@exprealty.com

Email

Affordability Calculator

$1,940
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$246
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
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$275,000 Listed Price

Map


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1493 GAITHER ST, Memphis, TN, 38106 is a Multi-Family Home for sale at $275,000 with 2,850 sqft. 1493 GAITHER ST is a studio with 0.0 baths and was built in 1970. The property's zip code is 38106 which is in Memphis, TN