1589 E Mclemore Ave Memphis, TN 38106
Southeast Memphis NeighborhoodEstimated payment $1,016/month
Highlights
- Deck
- Porch
- Luxury Vinyl Tile Flooring
- Traditional Architecture
- Brick Veneer
- Central Heating and Cooling System
About This Home
TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 3-bedroom, 1.5-bath home is currently rented for $1,325/month through 06/02/2028, providing immediate rental income with an established tenant already in place. The home offers a functional floor plan and convenient parking, making it a solid addition to an investment portfolio. Whether you’re an experienced investor looking to grow your portfolio or purchasing your first rental property, this income-producing home offers an attractive opportunity at an affordable price point. Please do not disturb the tenant. No showings without an accepted offer. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
Home Details
Home Type
- Single Family
Year Built
- Built in 1927
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 45x137
- Wood Fence
- Few Trees
Parking
- Driveway
Home Design
- Traditional Architecture
- Brick Veneer
Interior Spaces
- 1,400-1,599 Sq Ft Home
- 1,433 Sq Ft Home
- 1-Story Property
- Luxury Vinyl Tile Flooring
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Deck
- Porch
Utilities
- Central Heating and Cooling System
Community Details
- Magnolia Terr Subdivision
Listing and Financial Details
- Assessor Parcel Number 031027 00060
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $544 | $20,225 | $6,575 | $13,650 |
| 2024 | $423 | $12,475 | $1,250 | $11,225 |
| 2023 | $760 | $12,475 | $1,250 | $11,225 |
| 2022 | $760 | $12,475 | $1,250 | $11,225 |
| 2021 | $769 | $12,475 | $1,250 | $11,225 |
| 2020 | $701 | $9,675 | $1,250 | $8,425 |
| 2019 | $309 | $9,675 | $1,250 | $8,425 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2014 | $506 | $11,575 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/01/2026 06/01/26 | Price Changed | $176,900 | -1.7% | $126 / Sq Ft |
| 03/03/2026 03/03/26 | For Sale | $179,900 | 0.0% | $129 / Sq Ft |
| 12/11/2025 12/11/25 | Off Market | $179,900 | -- | -- |
| 04/29/2025 04/29/25 | For Sale | $179,900 | -- | $129 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | On Point Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $4,200 | None Available | |
| Warranty Deed | $22,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | New Conventional |
Source: Memphis Area Association of REALTORS®
MLS Number: 10195308
APN: 03-1027-0-0060
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Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.
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Ask me questions while you tour the home.