155 N Merton St Memphis, TN 38112
Binghampton NeighborhoodEstimated payment $1,969/month
Highlights
- Traditional Architecture
- 1-Story Property
- 3-minute walk to Binghampton Park
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $491
Year Built
- Built in 1947
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 75x160
- Few Trees
Home Design
- Duplex
- Traditional Architecture
Interior Spaces
- 1,725 Sq Ft Home
- 1-Story Property
Community Details
- Barton & Lamb Poplar St Re Of Part Lots Subdivision
Listing and Financial Details
- Assessor Parcel Number 033012 00022
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $491 | $57,240 | $10,120 | $47,120 |
| 2024 | $491 | $14,480 | $4,800 | $9,680 |
| 2023 | $882 | $14,480 | $4,800 | $9,680 |
| 2022 | $882 | $14,480 | $4,800 | $9,680 |
| 2021 | $892 | $14,480 | $4,800 | $9,680 |
| 2020 | $1,684 | $23,240 | $4,800 | $18,440 |
| 2019 | $743 | $23,240 | $4,800 | $18,440 |
| 2018 | $743 | $23,240 | $4,800 | $18,440 |
| 2017 | $760 | $23,240 | $4,800 | $18,440 |
| 2016 | $909 | $20,800 | $0 | $0 |
| 2014 | $1,056 | $24,160 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $365,000 | +139.3% | $212 / Sq Ft | |
| 09/06/2022 09/06/22 | Sold | $152,500 | -1.5% | $88 / Sq Ft | View Prior Sale |
| 09/06/2022 09/06/22 | Pending | -- | -- | -- | |
| 07/24/2022 07/24/22 | For Sale | $154,900 | +215.0% | $90 / Sq Ft | |
| 06/20/2014 06/20/14 | Sold | $49,167 | +9.3% | $29 / Sq Ft | View Prior Sale |
| 05/20/2014 05/20/14 | Pending | -- | -- | -- | |
| 04/01/2014 04/01/14 | For Sale | $45,000 | -- | $26 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Baymark Title & Escrow Service | |
| Warranty Deed | -- | Boston National Title | |
| Warranty Deed | $152,500 | -- | |
| Warranty Deed | $122,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $202,500 | New Conventional | |
| Previous Owner | $202,500 | Construction |
Source: Memphis Area Association of REALTORS®
MLS Number: 10210213
APN: 03-3012-0-0022
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