- Overview
- Description
- Property Details
- Location
- Facts & Features
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Hot
Street View
$249,000
Monthly Est:$1,239
1 Bed
1 Bath1 full bath
6,552sqft
244 Richmond Ave #1-6, Memphis, TN 38106
$249,000
$1,239/moEst:
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Duplex
Built in 1940
$-- HOA
-- sqft lot
$38/sq.ft
Description
Just Reduced for quick sale! Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock strong cash flow and appreciation through strategic improvements.
- Houzeo last checked: 31 minutes ago
- Listing updated: October 22, 2026 at 2:17 am
- Listing Provided by: Michael Valenza (901) 335-7878 | eXp Realty, LLC (888) 519-5113
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10227066
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
6,552 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10227066
MLS Status
Active
Days on Market
97
Cumulative Days on Market
87
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Appliances
Electric
Flooring
Vinyl Floor
Cooling
None
Interior Features
Separate Living Room, Separate Living Room
Heating
Wall Heat
Construction
Year Built
Year Built: 1940
Home type
Duplex
Construction Materials
Wood/composition
Architectural Style
Other (see Remarks)
Foundation Details
Conventional
Roof
Composition Shingles
Utilities & Energy
Parking Features
Street Parking Only
Pool Features
None
Other Features
Subdivision Name
S C Law
Lot Features
Level
Price History
| Date | Event | Price |
|---|---|---|
10/22/2026 Source: | Listed for Sale | $249,000 $38/sqft |
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Based on information from the Memphis Area Association of REALTORS(R) (alternatively, from the Memphis Area Association of REALTORS® MLS) through Nov 01, 2026, 10:45AM. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. © 2025 Memphis Area Association of REALTORS®. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.
