583 N Fifth St, Memphis, TN 38105

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Sold Price
$115,000
List Price
$134,900
Status
CLOSED
MLS#
10224245
Closing Date
Jul 28, 2026
Bedrooms
4
Bathrooms
1.1
Lot Size
70X149

Property Description

Investors, this updated professionally managed 4BD/1.5BA home is generating $995/month on a month-to-month lease — immediate income with full flexibility to renew or renegotiate on your timeline. Key updates already in place: central air & heat, updated bathrooms, LVP flooring, and a new stove. Less deferred maintenance, more attractive to quality tenants. Situated on a 0.24-acre lot minutes from Downtown Memphis, St. Jude, the Medical District, and the Uptown corridor — one of Memphis's most active reinvestment areas. Easy access to I-40 and I-240. Do not disturb tenant. Showings by appointment with accepted offer and proof of funds. Photos reflect pre-tenancy condition. Property is currently tenant-occupied.

Additional Information

Acres
0.23
Annual City Tax
719
Annual County Tax
749
Cooling
Central
Exterior
Sidewalks
Exterior Windows
Brick Veneer, Wood/Composition, Wood Window(s)
Floors Ceilings
Vinyl/Luxury Vinyl Floor
Foundation
Slab
Heating
Central
Legal Subdivision
Greenlaw
Living Dining Kitchen
Separate Living Room, Separate Dining Room
Lot
C526&531
Lot Description
Level
Lot Size
70X149
Neighborhood Amenities
None
Parking Storage
Street Parking Only
Stories
1
Style
Traditional
Subdivision
GREENLAW
Subtype
Detached Single Family
Year Built
1996

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Listing courtesy of eXp Realty. Selling Office: Keystone Realty, LLC.

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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.