1517 COURT AVE
Memphis, TN, 38104 $ 345,000
Bedrooms6 Baths2.0 Sq 2,588 Monthly Estimate*
$ 2,178
for $345,000 with 6 bedrooms and 2 full baths. This 2,588 square foot home was built in 1910.
Rare investment opportunity in Memphis's Central Gardens area: a fully tenant-occupied duplex offering established rental income and true turnkey appeal. Built in 1910, offering approx. 2,588 SF with two spacious 3BR/1BA units, each with a combined living/dining layout and separate closed kitchen. Flooring mix of hardwood, LVP, tile, carpet, and laminate. Downstairs unit renovated with all-new appliances, updated kitchen, new flooring, fresh paint, and updated bath; upstairs unit received fresh paint, new dishwasher, energy-efficient windows, and updated bath. All owner-owned appliances (refrigerator, range/oven, dishwasher, washer, dryer, vent hood) convey. Fenced yard, driveway parking, walkable location near Midtown. Currently producing $2,900/month combined rental income with active leases in place. Annual termite treatment maintained. Listing agent must accompany all showings; tenant-occupied, advance notice required, mornings preferred.
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FeaturesGeneralHeating Central
Cooling Central Cooling
Roof Composition Shingles
Status Active Active
Parking Driveway/Pad
Legal Subdivision Name COURTLAND PL
Style Traditional
Stories Count 2.5
County Shelby
Class Duplexes
Type Built as Duplex
Area 746B Central Gardens
Parcel Number 017031 00008
Sale/Rent For Sale
Status Detail 0
Year Built 1910
Directions Heading West on Poplar Avenue Turn Left on North Avalon St Right on Court Avenue and the property is on the left hand side of the street.
City Memphis
DOM 3
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ExteriorFoundation Partial Basement
Pool None
Lot 16
Lot Size 50X153
Lot Description Level Some Trees
Misc. Exterior Porch
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,178
- Monthly Property Taxes
- $410
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Memphis, TN
Average List Price $364,399
Percent of Sale Price 6%
About Memphis, TN 651,785 Population
-6% Since 2002
$ 38,338 Median Income
35.39 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/18/2026 | $345,000 | | Listed Price |