BEDS4
BATHS2
MLS#10210213
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBARTON LAMB
NEIGHBORHOODOverton Park
Property Description
Investor-ready duplex with built-in cash flow and strong upside! This well-maintained property features two 2-bed, 1-bath units. One unit is currently occupied by a reliable long-term Section 8 tenant paying $1,438/mo in guaranteed rent, providing immediate, stable income. The second unit is vacant and ready for your next tenant, offering the opportunity to lease at market rates or complete value-add improvements to increase returns. Located in a high-demand rental area, this duplex combines solid existing cash flow with excellent future potential. Ideal for both seasoned investors and those growing their portfolio, this property offers multiple paths for added value, lease-up, renovations, or long-term hold strategy.
Property Features
Property Type: Multi Unit - Multiple
Stories: 1.0
Year Built: 1947
Feature Descriptions
Days on Site: 132
Exterior/ Windows: Brick Veneer
Lot: Some Trees
Listed By / Shown By
Listed By
Agency Name: Fast Track Realty, LLC
Shown By
Agent Name: Kathryn Garland
Agent Phone: (901) 644-8751
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 918.79 per month $812.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $106.46 Homeowner's InsuranceChange Payment Information
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155 N Merton St | MLS# 10210213
This multi-family property located at 155 N Merton St, Memphis, TN 38112 is currently listed for sale with an asking price of $365,000. Search Overton Park real estate on www.kathryngarland.com today.