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1281 LION ST Memphis, TN $ 355,000
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$ 355,000 Get more info
1281 LION ST
$ 355,000
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1281 LION ST

Memphis, TN, 38107
$ 355,000
Bedrooms7 Baths5.0 Sq 3,654

Monthly Estimate*

$ 2,215

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Multi-Family Home for sale in Memphis, TN

for $355,000 with 7 bedrooms and 5 full baths. This 3,654 square foot home was built in 1945.

Renovated 5-Unit Apartment Building! Fully updated property offering a mix of well-designed units with modern finishes. Recent renovations include updated flooring, kitchens, and bathrooms, creating a move-in ready experience for tenants and minimal upkeep for the new owner. Strong rental potential with separate utilities and low maintenance exterior. Ideal addition to an investment portfolio or a perfect opportunity for an owner-occupant looking for rental income. Contact listing agent for more information. This property potential cash flow is 5000.00 per month These properties are included in what can be package deal: 943 N. Manassas St & 317 N. Manassas St. 964 Chelsea Ave

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Multi-Family Active

Price

$ 355,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 2,152

Style

Apartment Building

Year Built

1945

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10203527
Features
General
Roof Composition
Construction Brick
Status Active Active
Legal Subdivision Name LION STREET
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Dryer in Unit Washer in Unit
Type Apartment Building
Area 741B Harbor Town/Downtown
Parcel Number 039013 00002
Sale/Rent For Sale
Status Detail 0
Year Built 1945
Directions Take Exit 2 Smith Ave From I40W. Turn right on Smith and keep onto Firestone. Make a right on Thomas Left on Life and Left on Lion St. The property is on the left.
City Memphis
DOM 117
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Exterior
Foundation Slab
Lot 13-14
Number of Buildings 1
Lot Size 50 X 150
Parking Facility Asphalt/Blacktop
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Interior
Hot Water Gas
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* Excluded Features
List By
Keller Williams

Broker

Affordability Calculator

$2,394
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,215
Monthly Property Taxes
$179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
8/28/2025$355,000 -7.79% Price Down
8/14/2025$385,000 Listed Price

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1281 LION ST, Memphis, TN, 38107 is a Multi-Family Home for sale at $355,000 with 3,654 sqft. 1281 LION ST has 7 bedrooms, 5.0 baths, and was built in 1945. The property's zip code is 38107 which is in Memphis, TN

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