Briscoe Ellett III

3123 Danville Rd

Memphis, TN
$ 150,000 Beds 4 Baths 1.5 Sq 1,445
Monthly Estimate* How much can I afford?

3123 Danville Rd, Memphis, TN — Turnkey Investment Property, Cash-Flowing Now Ready-to-own investment opportunity in Memphis! This brick, low-maintenance home is currently occupied by a long-term, reliable tenant paying $1,000/month, offering immediate cash flow from day one. Durable brick exterior means less upkeep and lower long-term maintenance costs, while central heat and air adds year-round comfort and tenant appeal. Ideal for buy-and-hold investors looking to add a stable, income-producing asset to their portfolio without any vacancy downtime. Property Highlights: Long-term tenant in place at $1,000/month Brick exterior — low maintenance Central heat and air Immediate rental income for investment buyers Cash or conventional financing only — no seller or creative financing available. Due to the occupied status, no showings will be conducted without an accepted offer. Buyers should submit offers based on provided property details, comps, and exterior/drive-by only.

Single Family

  • Price
  • $ 150,000
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 1
  • Area
  • Parkway Village
  • Lot Size
  • Zip
  • 38118
  • Sqr Footage
  • 1,445
  • Year Built
  • 1960
  • Taxes
  • $ 1439
  • Style
  • Traditional
  • MLS#
  • 10228622
Listed By: Renshaw Company, REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Status Active
Full Baths 1
Half Baths 1
Legal Subdivision Name Winchester Heights 3rd Addn
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 772.
Parcel Number 073058 00015
Status Active
Annual City Tax 705
Annual County Tax 734
Sale/Rent For Sale
Area Parkway Village
Service Type Full Service Listing
Neighborhood Association None
Year Built 1960
Directions From Downtown Memphis,take I-240 East to Airways Blvd. Turn right onto Airways Blvd,then turn left onto Knight Arnold Rd. Turn right onto Danville Rd and continue to 3123 Danville Rd,Memphis,TN 38118
City Memphis
DOM 37

Interior Features

Living Room Separate Living Room
Beds 4
Total Baths 1.1
Number of Rooms 5
FLOORS/CEILINGS Part Hardwood

Exterior Features

Foundation Conventional
Pool None
Lot Size 62X130
Parking Display C1A
Lot Description Level
# Covered Parking Spaces 1
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Wrought Iron Security Drs

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
Agent Photo

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

8/18/2026 Listed $150,000

Property vs Zip Code Average in 38118

Price
AVG $140K
$150K
Taxes
AVG $1,549
$1,439
Year Built
AVG 1966
1960
Visits
AVG 92
31
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

3123 Danville Rd Memphis, TN is a Single Family Home for sale at $150000 with 1445 sqft and a lot size of Acre(s). 3123 Danville Rd Memphis has 4 bedrooms, 1 baths and was built in 1960. The property's zip code is 38118 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

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy