Briscoe Ellett III

1531 Netherwood Ave

Memphis, TN
$ 145,900 Beds 3 Baths 1 Sq 1,384
Monthly Estimate* How much can I afford?

TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 3-bedroom, 1-bath home is currently rented for $1,195/month through 3/31/2028, 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

Single Family

  • Price
  • $ 145,900
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • South Memphis-Glenview
  • Lot Size
  • 0.16 Acres
  • Zip
  • 38106
  • Sqr Footage
  • 1,384
  • Year Built
  • 1912
  • Taxes
  • $ 1010
  • Style
  • Traditional
  • MLS#
  • 10195316
Listed By: Foundation Property Management
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Status Active
Full Baths 1
Legal Subdivision Name CRUMP BROS
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 748B
Parcel Number 031009 00010
Status Active
Annual City Tax 490
Annual County Tax 520
Sale/Rent For Sale
Area South Memphis/Glenview
Service Type Full Service Listing
Neighborhood Association None
Year Built 1912
Directions From E McLemore Ave,go south on Rayner St,turn left on Netherwood Ave; property on right.
City Memphis
DOM 493

Interior Features

Living Room Other (See Remarks)
Beds 3
Total Baths 1
Number of Rooms 7
Heated SqFt 1200-1399
Downstairs Bedrooms 3
FLOORS/CEILINGS Other (See REMARKS),Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot 27
Lot Size Area 0.16
Lot Size 50X143
Parking Display No
Lot Description Some Trees
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer,Other (See Remarks)
Misc. Exterior Porch,Other (See REMARKS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/4/2025 Listed $159,900
2/25/2026 7% - $149,900
6/1/2026 3% - $145,900

Property vs Zip Code Average in 38106

Price
AVG $90K
$150K
Taxes
AVG $857
$1,010
Year Built
AVG 1949
1912
Visits
AVG 72
233
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1531 Netherwood Ave Memphis, TN is a Single Family Home for sale at $145900 with 1384 sqft and a lot size of 0.16 Acres Acre(s). 1531 Netherwood Ave Memphis has 3 bedrooms, 1 baths and was built in 1912. The property's zip code is 38106 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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