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$324,999
3 Beds 1 Baths 10228595 MLS
Rare investment opportunity in Memphis's Central Gardens area: a fully tenant-occupied duplex offering established rental income and true turnkey appeal. Built in 1910, offering approx. 2,588 SF with two spacious 3BR/1BA units, each with a combined living/dining layout and separate closed kitchen. Flooring mix of hardwood, LVP, tile, carpet, and laminate. Downstairs unit renovated with all-new appliances, updated kitchen, new flooring, fresh paint, and updated bath; upstairs unit received fresh paint, new dishwasher, energy-efficient windows, and updated bath. All owner-owned appliances (refrigerator, range/oven, dishwasher, washer, dryer, vent hood) convey. Fenced yard, driveway parking, walkable location near Midtown. Currently producing $2,900/month combined rental income with active leases in place. Annual termite treatment maintained. Listing agent must accompany all showings; tenant-occupied, advance notice required, mornings preferred.

1517 Court Ave, Memphis

Listing courtesy of Real Estate Agency.

$150,000
1 Beds 1 Baths 10228410 MLS
Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one. Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air. The units are mirror-matched at $915/month each, for a gross potential rent of $1,830/month ($21,960/year). One side is already leased to a tenant in place at $915, while the opposite side is currently being marketed at the same rate — giving a new owner immediate income plus upside as the second unit leases up. The property is professionally managed, making it an ideal fit for hands-off and out-of-state investors who want a stabilized asset without the day-to-day operational burden. No showings without accepted offer. No creative/seller finance

893 Pearce St, Memphis

Listing courtesy of Renshaw Company, REALTORS.

$325,000
1 Beds 1 Baths 10227066 MLS
Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock strong cash flow and appreciation through strategic improvements.

244 Richmond Ave Unit #1-6, Memphis

Listing courtesy of eXp Realty, LLC.

$320,000
3 Beds 1 Baths 10226746 MLS
Charming historic duplex offering an exceptional investment or owner-occupant opportunity! Each unit features 3 spacious bedrooms, 1 renovated bath, updated kitchen, large living room with built-in shelving, separate dining room, and an appliance package including washer and dryer. Private balconies/patio, newer central heat and air, and a recently conditioned roof add to the appeal. Current rents offer upside potential for increased income. One lease expires in September, creating an ideal opportunity for an owner-occupant to live in one unit while generating rental income from the other. Full of character, generous room sizes, and outstanding curb appeal. Please do not disturb tenants.

1333 Harbert Ave, Memphis

Listing courtesy of Harbur Realty.

$149,000
2 Beds 1 Baths 10224990 MLS
Discover an outstanding investment opportunity with this fully renovated duplex at 1621 & 1623 Oakwood Street in Memphis! Whether you're looking to expand your rental portfolio or invest in an income-producing property, this move-in-ready duplex checks all the boxes. Both units have been beautifully updated with fresh interior and exterior paint, luxury vinyl plank flooring, new kitchen cabinets, countertops, sinks, lighting, and new water heaters. The bathrooms feature new vanities, toilets, fixtures, and updated finishes, while new closet shelving adds extra storage. Each unit offers a spacious great room, kitchen, two bedrooms, and one full bath. Major improvements include a new roof and windows (2024/2025), storm doors, and a new front porch, providing peace of mind for years to come. With modern updates throughout and low-maintenance features, this turnkey duplex is ready for tenants and an excellent addition to any real estate investment portfolio.

1621 Oakwood St, Memphis

Listing courtesy of eXp Realty.

$295,000
2 Beds 1 Baths 10224227 MLS
Rare Midtown duplex opportunity just minutes from all the restaurants, entertainment and charm of Cooper Young and Overton Square! This adorable painted brick duplex offers two 2-bedroom units and is ideal for an owner occupant looking to offset expenses or an investor seeking a solid addition to a rental portfolio. One side is currently rented. Built to last, the property features hardwood floors and smooth ceilings throughout, central heat and air, and well-maintained baths. All appliances remain, making this a truly turnkey opportunity. Outside, enjoy a huge shaded, fenced backyard complete with two storage sheds, one for each unit, and a spacious side deck perfect for relaxing or entertaining. The roof is only 5 years old, adding peace of mind for years to come. Located on a great street.

2022 Courtland Pl, Memphis

Listing courtesy of BHHS McLemore & Co., Realty.

$399,000
2 Beds 1.1 Baths 10223710 MLS
Well-maintained duplex in the heart of Midtown offering strong rental income and long-term potential. With scheduled rents totaling over $3,000/month, this property is ideal for investors or buyers looking to house hack—live in one unit while offsetting expenses with rental income from the other. Each unit features bright, inviting interiors with hardwood floors, abundant natural light, and classic brick accents that add warmth and character. Kitchens and baths offer clean, neutral finishes, appealing to a wide range of tenants. Spacious living areas and functional layouts support comfortable living and strong rental appeal. The property offers additional potential for future value enhancement, including the possibility of a condo conversion for resale (subject to buyer verification and approvals), along with flexibility for various rental strategies. Conveniently located in a beautiful neighborhood near Midtown’s dining, shopping, and entertainment.

766 Roland St, Memphis

Listing courtesy of mlsAssist.

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