1592 GRIMES ST Memphis, TN $ 29,900
1592 GRIMES ST
$ 29,900
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1592 GRIMES ST

Memphis, TN, 38106
$ 29,900
Bedrooms3 Baths1.0 Sq 1,260

Monthly Estimate*

$ 184

1592 GRIMES ST, Memphis, TN 38106 - Image 1

Single Family Home for sale in Memphis, TN

for $29,900 with 3 bedrooms and 1 full bath. This 1,260 square foot home was built in 1948 on a lot size of 0.33.

Investor special in South Memphis w/ serious upside. 3BR/1BA, approx. 1,260 SF on a deep 0.33-acre lot. Full rehab needed; ideal for experienced investors, contractors, flippers, BRRRR buyers, or rental portfolio buyers looking for a value-add project. Property has deferred maintenance & will need extensive repairs/updates, including roof, interior systems, finishes & overall condition. Strong affordable housing demand in the area creates potential for fix/flip or long-term rental after renovation. Convenient South Memphis location near I-240, I-55, downtown Memphis, medical district, logistics/employment centers, schools & neighborhood redevelopment activity. Larger lot offers additional utility, parking, storage, or future improvement potential, subject to zoning/approval. Cash or renovation financing recommended. Sold as-is. Bring contractor & vision. Highlights: 3BR/1BA | Approx. 1,260 SF | 0.33-acre lot | Built 1948 | Heavy rehab | Value-add | Rental/flip potential | As-is sa

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Single Family Active

Price

$ 29,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 565

Style

Traditional

Lot Size

0.33

Year Built

1948

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10223935

Features
General
Heating Central
Cooling Central
Fireplaces 0
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name BURTON RESUB BLK 11
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 747B South Memphis/61 Hwy
Parcel Number 034014 00011C
Sale/Rent For Sale
Status Detail 0
Year Built 1948
Directions From I-240 take the exit toward South Parkway / South Memphis. Continue toward the South Memphis area and follow local streets to Grimes St. Property is located near Grimes St & nearby residential st
City Memphis
DOM 0
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Interior
Dining Room 1x1
Living Room Separate Dining Room
Beds 3
Total Baths 1
Number of Rooms 6
Downstairs Bedrooms 3
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Exterior
Pool None
Lot 11&
Lot Size Area 0.33
Lot Size 130X172
Lot Description Wooded
Misc. Exterior Wrought Iron Security Drs
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* Excluded Features
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Integrated Assets

Broker

Affordability Calculator

$231
Per Month
80%
20%
0%
Monthly Principal & Interest
$184
Monthly Property Taxes
$47
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
6/13/2026$29,900 Listed Price

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1592 GRIMES ST, Memphis, TN, 38106 is a Single Family Home for sale at $29,900 with 1,260 sqft and a lot size of 0.33. 1592 GRIMES ST has 3 bedrooms, 1.0 baths, and was built in 1948. The property's zip code is 38106 which is in Memphis, TN