516 JEANNE DR Memphis, TN $ 135,000
516 JEANNE DR
$ 135,000
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516 JEANNE DR

Memphis, TN, 38109
$ 135,000
Bedrooms3 Baths1.0 Sq 1,489

Monthly Estimate*

$ 831

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Single Family Home for sale in Memphis, TN

for $135,000 with 3 bedrooms and 1 full bath. This 1,489 square foot home was built in 1953 on a lot size of 0.36.

Renovated in 2024, this income-producing property is a strong opportunity for investors seeking a turnkey, rent-ready asset with professional management already in place. The home offers a functional layout featuring a spacious living area, updated finishes, and well-sized bedrooms designed for comfortable living. Exterior highlights include a large backyard and ample parking, adding to long-term tenant appeal. Currently tenant-occupied and professionally managed by Mid South Best Rentals, this property provides immediate cash flow and a seamless transition for the new owner. The lease will remain in place, with all tenant rights transferring —making this a true hassle-free investment opportunity. Drive-by only; do not disturb tenant.

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Single Family Active

Price

$ 135,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,897

Style

Traditional

Lot Size

0.36

Year Built

1953

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10219710

Features
General
Heating Central
Cooling Central
Roof Composition Shingles
Fireplaces 1
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name WHITEHAVEN PARK FIFTH ADDN
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 763E Whitehaven/Graves
Parcel Number 076019 00013
Sale/Rent For Sale
Status Detail 0
Year Built 1953
Directions From Millbranch Rd and E Raines Rd head West on E Raines Rd. Go past Orleans Rd. Take a right on Alice Dr. Then a right on Jeanne Dr. House is on the left.
City Memphis
DOM 2
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Interior
Living Room Separate Living Room
Beds 3
Total Baths 1
Fireplace Decorative Only
Number of Rooms 6
Downstairs Bedrooms 3
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Exterior
Foundation Conventional
Pool None
Lot 39
Lot Size Area 0.36
Water & Sewer Public Water Public Sewer
Lot Size 92X175
Lot Description Some Trees
Misc. Exterior Porch
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* Excluded Features
List By
Crye-Leike, Inc., Realtors

Broker

Affordability Calculator

$989
Per Month
84%
16%
0%
Monthly Principal & Interest
$831
Monthly Property Taxes
$158
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
4/21/2026$135,000 Listed Price

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516 JEANNE DR, Memphis, TN, 38109 is a Single Family Home for sale at $135,000 with 1,489 sqft and a lot size of 0.36. 516 JEANNE DR has 3 bedrooms, 1.0 baths, and was built in 1953. The property's zip code is 38109 which is in Memphis, TN