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259 MARYLAND AVE Memphis, TN $ 215,000
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259 MARYLAND AVE
$ 215,000
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259 MARYLAND AVE

Memphis, TN, 38126
$ 215,000
Bedrooms3 Baths4.0 Sq 1,560

Monthly Estimate*

$ 1,485

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Multi-Family Home for sale in Memphis, TN

for $215,000 with 3 bedrooms and 4 full baths. This 1,560 square foot home was built in 1958.

Great investment opportunity to own an updated fourplex with **immediate rental income and additional cash flow potential!** This multifamily property features a newer roof, updated flooring, tile, kitchens, and bathrooms. Two units are currently occupied, generating **$1,275 per month ($15,300 annually)** in gross rental income. The two vacant units present an opportunity to increase rental revenue through additional leasing, potentially strengthening the property's overall cash flow. Ideal for investors looking to expand their portfolios with an income-producing property that offers existing rental income, value-added potential, and room for future growth.

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Multi-Family Active

Price

$ 215,000

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,443

Style

Fourplex

Year Built

1958

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10232910
Features
General
Roof Composition
Zoning RU-3
Construction Brick Brick/Veneer
Status Active Active
Legal Subdivision Name COCKE CAROLINE J
Stories Count 1
County Shelby
Class Multi-Family
Laundry Y/N None
Type Fourplex
Area 745E South Bluffs/Downtown
Parcel Number 013033 00004
Sale/Rent For Sale
Status Detail 0
Year Built 1958
Directions South on MLK and left onto Maryland
City Memphis
DOM 1
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Exterior
Foundation Slab
Lot 16
Number of Buildings 1
Lot Size 42X111
Parking Facility Gravel
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Exp Realty, Llc

Broker

Affordability Calculator

$1,772
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,485
Monthly Property Taxes
$287
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/21/2026$215,000 Listed Price

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259 MARYLAND AVE, Memphis, TN, 38126 is a Multi-Family Home for sale at $215,000 with 1,560 sqft. 259 MARYLAND AVE has 3 bedrooms, 4.0 baths, and was built in 1958. The property's zip code is 38126 which is in Memphis, TN

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