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1531 Court Ave

Memphis, TN 38104
  • $373,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 10215994
UPDATED: 93 min ago
$373,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. STR TENANT OCCUPIED, DO NOT DISTURB TENANTS. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-16T00:03:17.987.
www.redsearealtyco.com/homes/173721081
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1531 Court Ave Memphis, TN 38104

  • Price: $373,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 93 min ago
  • MLS #: 10215994
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
Courtland Place
County:
Shelby
Area:
Central Gardens
Property Description
Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. STR TENANT OCCUPIED, DO NOT DISTURB TENANTS. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!
Exterior Features

Buildings 1 Construction Vinyl Siding Foundation Conventional/Crawl SpacePartial Basement Land Sq Ft 7710 Lot Size 50X155 Misc Exterior SidewalksProfessional LandscapingCeiling Fan(s)Historic District Parking Facility Gravel Roof CompositionPitched

Interior Features

Appliances Equipment RefrigeratorRange/Oven (Freestanding)Cooktop/Wall OvenDisposalExhaust Fan/Vent HoodMicrowaveSmoke Detector(s) Cooling Systems 2+ Window Units per UnitCentral Floors And Ceilings Dry WallHardwood ThroughoutTileVinyl Floor Heating Systems Central Hot Water Public SewerPublic Water Laundry Washer in Unit Leaseable Sq Ft 2580

Property Features

1 Bedroom Units 1 2 Bedroom Units 2 3 Bedroom Units 0 Amenities Balcony/PatioWallpaperDrapes/CurtainsMaid Service Annual City Tax 3809 Annual County Tax 3970 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 65670 Legal Subdivision Name COURTLAND PL Lot Number 13 Multifamily Type Triplex New Financing ConventionalFHA/VA Operating Expenses Accounting/LegalAdvertisingAll UtilitiesInsuranceLicense/PermitsManagementOther (Call LA)PayrollRepairs/MaintenanceServicesTaxesTrash Collection Other Units 0 Possession At ClosingOther (Call LA) Sale Includes All AppliancesAll EquipmentAll FurnishingsBuilding and LandOther (See REMARKS) Source Of Info Current RecordsEstimatedOwner Tenant Pays Other (Call LA)Security Deposit Type Of Leases DailyMonthlyOther (Call LA)Weekly Type Of Units 1 BR - 1 Bath2 BR - 1 Bath2 BR - 1+ BathsFurnishedSome Fireplaces

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of eXp Realty, LLC: 901-505-0756.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-16T00:03:17.987.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654