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1535 Gaither St , 1-4

Memphis, TN 38106
  • $275,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 10212733
UPDATED: 83 min ago
$275,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

Four-Unit Multifamily Investment Opportunity Excellent value-add opportunity with this 4-unit multifamily property. One unit is currently occupied, generating $750 per month in rental income. The remaining three units are vacant and ready for renovation, offering significant upside potential. All units have wall heat and window unit A/C. Market rent comps support projected rents of approximately $800 per unit once rehabbed. Ideal for investors looking to add value through renovations and increase long-term cash flow. This is an attractive opportunity for buy-and-hold or portfolio expansion. Seller will consider owner financing as an option.

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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: 2026-02-15T18:03:18.787.
www.redsearealtyco.com/homes/172058385
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1535 Gaither St , 1-4 Memphis, TN 38106

  • Price: $275,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 83 min ago
  • MLS #: 10212733
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
Neighborhood:
Greenland Heights
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Four-Unit Multifamily Investment Opportunity Excellent value-add opportunity with this 4-unit multifamily property. One unit is currently occupied, generating $750 per month in rental income. The remaining three units are vacant and ready for renovation, offering significant upside potential. All units have wall heat and window unit A/C. Market rent comps support projected rents of approximately $800 per unit once rehabbed. Ideal for investors looking to add value through renovations and increase long-term cash flow. This is an attractive opportunity for buy-and-hold or portfolio expansion. Seller will consider owner financing as an option.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 7500 Misc Exterior Other (See Remarks) Parking Facility Asphalt/Blacktop Roof Flat

Interior Features

Appliances Equipment Other (See REMARKS) Cooling Systems Other (See Remarks) Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 750 Amenities Other (See REMARKS) Annual City Tax 1277 Annual County Tax 1331 Assumption Must Qualify Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 3200 Legal Subdivision Name Greenland Heights Multifamily Type Fourplex New Financing AssumptionConventional Operating Expenses InsuranceManagementSome UtilitiesTaxes Other Units 0 Percent Occupancy 25 Possession At Closing Sale Includes All EquipmentBuilding and LandNo AppliancesNo Furnishings Source Of Info Current RecordsLeasesRent RollSurvey/Plat Tenant Pays All UtilitiesPet DepostSecurity Deposit Type Of Leases Year Type Of Units 2 BR - 1 BathUnfurnished

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crestcore Realty, LLC: 901-385-3119.



© 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: 2026-02-15T18:03:18.787.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654