1545 OAKWOOD ST Memphis, TN $ 120,000
1545 OAKWOOD ST
$ 120,000
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1545 OAKWOOD ST

Memphis, TN, 38108
$ 120,000
Bedrooms3 Baths2.0 Sq 1,196

Monthly Estimate*

$ 739

1545 OAKWOOD ST, Memphis, TN 38108 - Image 1
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Single Family Home for sale in Memphis, TN

for $120,000 with 3 bedrooms and 2 full baths. This 1,196 square foot home was built in 1913 on a lot size of 0.13.

Turnkey investment opportunity with immediate cash flow! This fully renovated 3-bedroom, 2-bath home is tenant occupied and currently generating $1,300 per month, offering strong returns from day one. With a list price of $120,000, this property exceeds the 1% rule, making it an attractive option for investors seeking solid ROI and positive cash flow. Renovated from the studs, updates include new electrical, plumbing, HVAC, water heater, windows, and exterior siding—minimizing maintenance concerns for years to come. Interior features include luxury vinyl flooring throughout main living areas and bedrooms, with tile in the kitchen and bathrooms for durability. The updated kitchen and bathrooms provide modern appeal that supports long-term tenant retention. This is a low-maintenance, income-producing asset ideal for both seasoned and out-of-state investors looking to expand their portfolio with confidence. Do not disturb tenant. No wholesalers/seller financing.

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Single Family Active

Price

$ 120,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 831

Style

Traditional,Bungalow

Lot Size

0.13

Year Built

1913

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10212650

Features
General
Heating Central
Cooling Central
Roof Composition Shingles
Status Active Active
Full Baths 2
Half Baths 0
Legal Subdivision Name NORWOOD
Style Traditional Bungalow
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 742B Vollintine/Northside
Parcel Number 042006 00026
Sale/Rent For Sale
Status Detail 0
Year Built 1913
Directions South on Hollywood from I 240 W. Right(west) on Sanders right(north) on Oakwood. Home is on left side.
City Memphis
DOM 95
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Interior
Living Room Separate Living Room Updated/Renovated Kitchen Washer/Dryer Connections
Beds 3
Total Baths 2
Number of Rooms 6
Downstairs Bedrooms 3
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Exterior
Foundation Slab
Pool None
Lot 78
Lot Size Area 0.13
Water & Sewer Public Water Public Sewer
Lot Size 40X150
Lot Description Level Landscaped Wood Fenced
Misc. Exterior Wrought Iron Security Drs Porch Wood Fence
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* Excluded Features
List By
Coldwell Banker Collins-Maury

Broker

Affordability Calculator

$808
Per Month
91%
9%
0%
Monthly Principal & Interest
$739
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
3/24/2026$120,000 -2.36% Price Down
3/13/2026$122,900 -0.41% Price Down
3/6/2026$123,400 -0.40% Price Down
2/20/2026$123,900 -0.40% Price Down
2/13/2026$124,400 -0.40% Price Down
2/2/2026$124,900 -0.08% Price Down
1/11/2026$125,000 Listed Price

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1545 OAKWOOD ST, Memphis, TN, 38108 is a Single Family Home for sale at $120,000 with 1,196 sqft and a lot size of 0.13. 1545 OAKWOOD ST has 3 bedrooms, 2.0 baths, and was built in 1913. The property's zip code is 38108 which is in Memphis, TN