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+19018339734
Legendary Realty
155 N Merton St, Memphis, TN 38112
- $199,900
- 2
- BD
- 1
- BA
- List Price
- $199,900
- MLS#
- 10234081
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 1
- Lot Size
- 75X160
- Status
- ACTIVE
Property Description
Turnkey duplex investment in Memphis! Both units were completely renovated before the current tenants moved in, and both are occupied by long-term Section 8 tenants with dependable, government-backed rent. Current rents are $997 and $1,238, for $2,235/month or $26,820/year gross. Nothing to fix and no vacancy to fill, so you collect rent from day one. It’s a great fit for investors who want a hands-off addition to their portfolio. No showings without an accepted offer. Cash or conventional financing only. No seller financing or creative financing.
Additional Information
- Annual City Tax
- 1477
- Annual County Tax
- 1540
- Cooling
- Central Cooling, Other (See Remarks)
- Foundation
- Conventional
- Heating
- Central, Other (See Remarks)
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- Barton & Lamb Poplar St Re Of Part Lots
- Lot Description
- Level
- Lot Size
- 75X160
- New Financing
- Conventional
- Parking
- Other (See REMARKS)
- Roof
- Composition Shingles
- Stories
- 1
- Style
- Traditional
- Subdivision
- BARTON & LAMB
- Subtype
- Built as Duplex
- Year Built
- 1947
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Listing courtesy of Renshaw Company, REALTORS.
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Copyright© 2026 Memphis Area Association of REALTORS®. 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 web site is being visited.