Rare investment opportunity in Memphis's Central Gardens area: a fully tenant-occupied duplex offering established rental income and true turnkey appeal. Built in 1910, offering approx. 2,588 SF with two spacious 3BR/1BA units, each with a combined living/dining layout and separate closed kitchen. Flooring mix of hardwood, LVP, tile, carpet, and laminate. Downstairs unit renovated with all-new appliances, updated kitchen, new flooring, fresh paint, and updated bath; upstairs unit received fresh paint, new dishwasher, energy-efficient windows, and updated bath. All owner-owned appliances (refrigerator, range/oven, dishwasher, washer, dryer, vent hood) convey. Fenced yard, driveway parking, walkable location near Midtown. Currently producing $2,900/month combined rental income with active leases in place. Annual termite treatment maintained. Listing agent must accompany all showings; tenant-occupied, advance notice required, mornings preferred.
| MLS # | 10228595 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 15 |
| Listing Provided By | Real Estate Agency | Erica Martin |
| Story(s) | 2 |
|---|---|
| Property View | Level, Some Trees |
| Cooling | Central Cooling |
|---|---|
| Heating | Central |
| Appliances Or Equipment | Dishwasher, Range/Oven (Freestanding), Refrigerator |
| Roof | Composition Shingles |
|---|---|
| Foundation | Partial Basement |
| Lot Description | Level, Some Trees |
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38104 |
| Area | Central Gardens |
| Subarea | 746B |
| Community Name | COURTLAND PLACE |
| Listing VS Median (in COURTLAND PLACE) | |
Price: $345,000 low | high Med: $0 On site: 15 low | high Med: | |
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38104 |
| Area | Central Gardens |
| Subarea | 746B |
| Community Name | COURTLAND PLACE |
| Listing VS Median (in COURTLAND PLACE) | |
Price: $345,000 low | high Med: $0 On site: 15 low | high Med: | |
![]() | $363,0001531 Court AveMemphis, TN 38104 |
![]() | $349,0001520 Court AveMemphis, TN 38104 |
![]() | $279,9001482 Court AveMemphis, TN 38104 |
![]() | $344,9001556 Court AveMemphis, TN 38104 |
![]() | $380,0001515 Madison AveMemphis, TN 38104 |