1589 E MCLEMORE AVE Memphis, TN $ 176,900
1589 E MCLEMORE AVE
$ 176,900
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1589 E MCLEMORE AVE

Memphis, TN, 38106
$ 176,900
Bedrooms3 Baths1.0 Sq 1,433

Monthly Estimate*

$ 1,089

1589 E MCLEMORE AVE, Memphis, TN 38106 - Image 1
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1589 E MCLEMORE AVE, Memphis, TN 38106 - Image 12

Single Family Home for sale in Memphis, TN

for $176,900 with 3 bedrooms and 1 full bath. This 1,433 square foot home was built in 1927 on a lot size of 0.14.

ATTENTION INVESTORS! Professionally managed in-house, Tenant-occupied, investment property generating $1,325/month in rental income with a 5.76% cash-on-cash return and a monthly cash flow of $243.47. Financials available upon request. This low-maintenance asset has undergone significant capital improvements, including a new HVAC system, new roof with replaced decking, renovated kitchen, full interior paint, updated electrical fixtures and outlets, plumbing upgrades, and enhanced safety features. Major systems have been addressed, helping reduce near-term maintenance and capital expenditure risk. A stabilized, income-producing property with strong long-term rental appeal and immediate cash flow from day one. No wholesalers, assignments, or creative financing. TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Leased through 6/2/2028 at $1,325/month. Owner/Agent

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Single Family Active

Price

$ 176,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 822

Style

Traditional

Lot Size

0.14

Year Built

1927

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10195308

Features
General
Heating Central
Cooling Central
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name MAGNOLIA TERR
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 748B South Memphis/Glenview
Parcel Number 031027 00060
Sale/Rent For Sale
Status Detail 0
Year Built 1927
Directions From E McLemore Ave go South on Rayner St turn left on E McLemore Ave; property on right.
City Memphis
DOM 318
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Interior
Living Room Other (See Remarks)
Beds 3
Total Baths 1
Number of Rooms 6
Heated SqFt 1400-1599
Downstairs Bedrooms 3
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Exterior
Pool None
Lot 29&EPT28
Lot Size Area 0.14
Lot Size 45X137
Lot Description Some Trees Wood Fenced
Misc. Exterior Porch Deck Other (See REMARKS)
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* Excluded Features
List By
Foundation Property Management

Broker

Affordability Calculator

$1,158
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,089
Monthly Property Taxes
$69
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
6/1/2026$176,900 -1.67% Price Down
6/1/2026$179,900 Listed Price

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1589 E MCLEMORE AVE, Memphis, TN, 38106 is a Single Family Home for sale at $176,900 with 1,433 sqft and a lot size of 0.14. 1589 E MCLEMORE AVE has 3 bedrooms, 1.0 baths, and was built in 1927. The property's zip code is 38106 which is in Memphis, TN