$205,000
PENDING

640 Stephens Place Memphis, TN 38126

South Memphis Neighborhood

Estimated payment $1,112/month

Total Views 39
4 Beds
2 Baths
1,530 Sq Ft
$134 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Porch
  • Laundry Room
  • Great Room
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

Turnkey New Construction 4BR/2BA — Already Leased at $1,850/mo. with Powerful Buyer Incentives Step into a fresh, low-maintenance investment with immediate cash flow. This new construction, tenant-occupied 4-bedroom, 2-bathroom home is rented at $1,850 per month, delivering dependable income from day one—without the headaches of renovations or lease-up.

Listing Agent

James Johnson

Crestcore Realty, LLC License #383166 Listed on: 03/18/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025

Lot Details

  • Lot Dimensions are 140x51
  • Wood Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Aluminum Window Frames
  • Great Room
  • Concrete Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Porch
  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Stephens Blk B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025023 00021

Home Details

Home Type

Single Family

Year Built

Built in 2025

Lot Details

6,839 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: Stephens Blk B
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1530
  • Year Built: 2025
  • 55Community: N
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Concrete Floor, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Living Dining Kitchen: Great Room, Eat-In Kitchen
  • Other Rooms: Laundry Room
  • P R I M A R Y B E D R O O M: Level 1, Full Bath

Exterior Features

  • Misc Exterior: Porch, Wood Fence
  • Exterior Windows: Vinyl Siding, Aluminum Window(s)
  • Roof: Composition Shingles

Garage/Parking

  • Parking Display: N0
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Wood Fenced
  • Lot Size: 140X51
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 025023 00021

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $47 $1,750 $1,750 --
2024 -- $875 $875 --
2023 $53 $875 $875 $0
2022 $53 $875 $875 $0
2021 $54 $875 $875 $0
2020 $63 $875 $875 $0
2019 $63 $875 $875 $0
2018 $63 $875 $875 $0
2017 $36 $875 $875 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

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
03/18/2026 03/18/26 Pending -- -- --
03/18/2026 03/18/26 For Sale $205,000 -- $134 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $199,000 Preferred Title & Escrow
Quit Claim Deed -- None Available
Quit Claim Deed -- Stewart Title Company
Source: Public Records

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
Closed $134,880 New Conventional
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10217040

Memphis Area Association of REALTORS®

APN: 02-5023-0-0021

Tennessee Shelby County Memphis 38126 South Memphis

640 Stephens Place, Memphis, TN

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Listing Agent
James Johnson
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Crestcore Realty, LLC
(901) 780-7944
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