3520 FAXON AVE Memphis, TN $ 264,900
3520 FAXON AVE
$ 264,900
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3520 FAXON AVE

Memphis, TN, 38122
$ 264,900
Bedrooms5 Baths3.0 Sq 2,832

Monthly Estimate*

$ 1,631

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Multi-Family Home for sale in Memphis, TN

for $264,900 with 5 bedrooms and 3 full baths. This 2,832 square foot home was built in 1920.

High-yield triplex on a rare ~½ acre lot in good location with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,950/month with room to increase to ~$3,100+ and additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. Property includes a 2BR/2BA main unit with central HVAC, 1BR/1BA upstairs unit, and a renovated 2BR/1BA guest house, plus garage with storage. Recent improvements include exterior paint, newer double pain windows, roof on rear unit, and many interior updates. All units have their own laundry & all appliances are included. Zoned 3–4 family with lots of land to expand—rare opportunity for added value. Ideal for investors seeking solid returns today with clear path to ~11%+ cap. Opportunities like this are getting harder to find! Tenants in place & prefer no showings until offer is made. Owner agent.

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Multi-Family Active

Price

$ 264,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,822

Style

Triplex

Year Built

1920

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10219499

Features
General
Roof Shingle/Shake
Zoning 3-4
Construction Other (See Remarks) Wood/Composition
Status Active Active
Legal Subdivision Name HIGHLAND HEIGHTS BLK 19
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Dryer in Unit Washer in Unit
Type Triplex
Area 752E Kingsbury
Parcel Number 038063 00034
Sale/Rent For Sale
Status Detail 0
Year Built 1920
Directions Summer North on Highland right or East on Faxon. Property is on the left
City Memphis
DOM 0
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Exterior
Foundation Conventional/Crawl Space Partial Basement Slab
Lot 18
Number of Buildings 2
Lot Size 100X200
Parking Facility Detached Gravel Offsite/Street
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Interior
Hot Water Public Sewer Public Water
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* Excluded Features
List By
Crye-Leike, Inc., Realtors

Broker

Affordability Calculator

$2,033
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,631
Monthly Property Taxes
$402
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
4/17/2026$264,900 Listed Price

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3520 FAXON AVE, Memphis, TN, 38122 is a Multi-Family Home for sale at $264,900 with 2,832 sqft. 3520 FAXON AVE has 5 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 38122 which is in Memphis, TN