1002 CRESTON AVE Memphis, TN $ 40,000
1002 CRESTON AVE
$ 40,000
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1002 CRESTON AVE

Memphis, TN, 38127
$ 40,000
Bedrooms3 Baths1.0 Sq 1,287

Monthly Estimate*

$ 246

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Single Family Home for sale in Memphis, TN

for $40,000 with 3 bedrooms and 1 full bath. This 1,287 square foot home was built in 1953.

3 bed, 1 bath home situated on a large lot in the growing Frayser area—perfect for investors looking to add value. This property offers strong upside potential with the right renovation and vision. While the home requires a full rehab, its layout and lot size provide an excellent foundation for a long-term rental or resale project. Conveniently located near major employers, shopping, and everyday amenities, making it an attractive option for future tenants. Once stabilized, this property has the potential to generate solid cash flow and become a reliable addition to any investment portfolio. Don’t miss this opportunity to capitalize on a value-add deal in an area with continued demand.

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Single Family Active

Price

$ 40,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 88,681

Style

Ranch

Year Built

1953

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10218771

Features
General
Heating Gas
Cooling No Cooling
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name Patricia Heights Sec A Blk 18
Style Ranch
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 724A Westside
Sale/Rent For Sale
Status Detail 0
Year Built 1953
Directions From 240W take exit to Hwy 51. Proceed North past Frayser Blvd and take left onto Creston. Home is on right.
City Memphis
DOM 0
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Interior
Dining Room 10x10
Living Room Eat-In Kitchen
Beds 3
Total Baths 1
Number of Rooms 7
Downstairs Bedrooms 1
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Exterior
Pool None
Lot Size 0.32
Lot Description Some Trees
Misc. Exterior Storage Building
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* Excluded Features
List By
Renshaw Company, Realtors

Broker

Affordability Calculator

$7,636
Per Month
3%
97%
0%
Monthly Principal & Interest
$246
Monthly Property Taxes
$7,390
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
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$40,000 Listed Price

Map


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1002 CRESTON AVE, Memphis, TN, 38127 is a Single Family Home for sale at $40,000 with 1,287 sqft. 1002 CRESTON AVE has 3 bedrooms, 1.0 baths, and was built in 1953. The property's zip code is 38127 which is in Memphis, TN