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1507 OAKWOOD ST Memphis, TN $ 119,900
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1507 OAKWOOD ST
$ 119,900
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1507 OAKWOOD ST

Memphis, TN, 38108
$ 119,900
Bedrooms4 Baths2.0 Sq 1,357

Monthly Estimate*

$ 828

1507 OAKWOOD ST, Memphis, TN 38108 - Image 1
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Multi-Family Home for sale in Memphis, TN

for $119,900 with 4 bedrooms and 2 full baths. This 1,357 square foot home was built in 1964.

Welcome to 1507/1509 Oakwood, a great duplex investment opportunity offering income potential and flexibility! The units have previously rented for $775/month on one side and approximately $800/month on the other, providing attractive rental income potential. The property has been updated and offers functional living spaces with minimal upfront work needed. Whether you're an investor looking to add an income-producing property to your portfolio or an owner-occupant interested in living on one side while generating rental income from the other, this duplex offers plenty of possibilities. With two separate units and income potential from both sides, 1507/1509 Oakwood is an opportunity worth considering.

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Multi-Family Active

Price

$ 119,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,035

Style

Traditional

Year Built

1964

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10231999
Features
General
Heating Central
Cooling Central Cooling
Status Active Active
Parking Driveway/Pad
Legal Subdivision Name NORWOOD
Style Traditional
Stories Count 1
County Shelby
Class Duplexes
Type Built as Duplex
Area 742B Vollintine/Northside
Parcel Number 042009 00005
Sale/Rent For Sale
Status Detail 0
Year Built 1964
Directions Get on I-240 E. 3 min (1.6 mi). Continue on I-240 E. Take I-40 W to N Hollywood St. Take exit 5 from I-40 W. 9 min (9.8 mi). Follow N Hollywood St to Oakwood St.
City Memphis
DOM 0
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Exterior
Pool None
Lot 410
Lot Size 40X150
Lot Description Other (See Remarks)
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Fast Track Realty, Llc

Broker

Affordability Calculator

$914
Per Month
91%
9%
0%
Monthly Principal & Interest
$828
Monthly Property Taxes
$86
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
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Pricing History
DatePricePrice ChangeDescription
10/8/2026$119,900 Listed Price

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1507 OAKWOOD ST, Memphis, TN, 38108 is a Multi-Family Home for sale at $119,900 with 1,357 sqft. 1507 OAKWOOD ST has 4 bedrooms, 2.0 baths, and was built in 1964. The property's zip code is 38108 which is in Memphis, TN

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