243 First Ave

Memphis, TN
$ 28,900 Beds 4 Baths 1 Sq 1,008
Monthly Estimate* How much can I afford?

Property has lots of upside potential for investment either for rental or rehab & sell. Property is sold "as is" for cash. No financing offers will be accepted. No wholesalers, assignments or blind offers. Property is vacant and easy to show. Contact Broker Bay or listing agent for access information. Property has central heat, hardwood floors & walk-out basement.

Single Family

  • Price
  • $ 28,900
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • South Memphis-61 Hwy
  • Lot Size
  • 0.17 Acres
  • Zip
  • 38109
  • Sqr Footage
  • 1,008
  • Year Built
  • 1956
  • Taxes
  • $ 601
  • Style
  • Traditional
  • MLS#
  • 10226606
Listed By: Leco Realty, Inc.
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling 220 Wiring,No Cooling
Roof Composition Shingles
Status Active
Full Baths 1
Legal Subdivision Name RIVERSIDE PARK
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 747A
Parcel Number 050007 00009
Management Company Leco Realty,Inc.
Status Active
Annual City Tax 294
Annual County Tax 307
Sale/Rent For Sale
Flood Insurance Required No
Area South Memphis/61 Hwy
Service Type Full Service Listing
Neighborhood Association None
Year Built 1956
Directions From South Parkway and Kansas-Drive South on Kansas to First Ave.; Turn right on First Ave.; Property located on left side of street
City Memphis
DOM 65

Interior Features

Living Room Separate Living Room
Beds 4
Total Baths 1
Fireplace Other (See Remarks)
Number of Rooms 9
Downstairs Bedrooms 4
FLOORS/CEILINGS Hardwood Throughout,Vinyl/Luxury Vinyl Floor
INTERIOR EQUIPMENT Other (See REMARKS)
BEDROOM 3 DESCRIPTION Level 1
BEDROOM 2 DESCRIPTION Level 1

Exterior Features

Foundation Partial Basement,Walk-Out Basement
Pool None
Lot 61
Lot Size Area 0.17
Water & Sewer Gas Water Heater,Public Sewer,Public Water
Lot Size 50X150
Parking Display No
Lot Description Some Trees
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer,Wood/Composition
Misc. Exterior Porch

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

7/21/2026 Listed $39,900
8/17/2026 26% - $29,900
8/28/2026 4% - $28,900

Property vs Zip Code Average in 38109

Price
AVG $110K
$30K
Taxes
AVG $1,255
$601
Year Built
AVG 1963
1956
Visits
AVG 75
29
Data Provided by Inside Real Estate®

243 First Ave Memphis, TN is a Single Family Home for sale at $28900 with 1008 sqft and a lot size of 0.17 Acres Acre(s). 243 First Ave Memphis has 4 bedrooms, 1 baths and was built in 1956. The property's zip code is 38109 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.