Briscoe Ellett III

578 Mckinley St

Memphis, TN
$ 195,000 Beds 3 Baths 2 Sq 1,822
Monthly Estimate* How much can I afford?

ATTENTION INVESTORS!! Selling under appraised value!! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 2-bath single-family home is currently generating $1,150/ month in rental income, with the current lease running through 05/19/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment, or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE

Single Family

  • Price
  • $ 195,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • South Bluffs-Downtown
  • Lot Size
  • 0.1 Acres
  • Zip
  • 38126
  • Sqr Footage
  • 1,822
  • Year Built
  • 1912
  • Taxes
  • $ 674
  • Style
  • Traditional
  • MLS#
  • 10230145
Listed By: Foundation Property Management
Data Source: Memphis MLS (MAAR)

Features

General

Heating Wall Unit
Cooling Window Unit(s)
Status Active
Full Baths 2
Legal Subdivision Name WILLIAMS
Style Traditional
Stories Count 1.5
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 745E
Parcel Number 011028 00002
Status Active
Annual City Tax 330
Annual County Tax 344
Sale/Rent For Sale
Area South Bluffs/Downtown
Service Type Full Service Listing
Neighborhood Association None
Year Built 1912
Directions From Vance Ave go South on Boyd St,head West onto St Paul Ave and South on McKinley St; property on left.
City Memphis
DOM 15

Interior Features

Living Room Separate Living Room,Separate Dining Room,Updated/Renovated Kitchen
Beds 3
Total Baths 2
Number of Rooms 7
FLOORS/CEILINGS Part Hardwood,Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot PTS49+51
Lot Size Area 0.1
Lot Size 40X115
Parking Display No
Lot Description Level
PARKING/STORAGE Street Parking Only
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Porch,Balcony

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

9/10/2026 Listed $195,000

Property vs Zip Code Average in 38126

Price
AVG $140K
$200K
Taxes
AVG $1,109
$674
Year Built
AVG 1953
1912
Visits
AVG 43
4
Data Provided by Inside Real Estate®

Areas That We Cover

578 Mckinley St Memphis, TN is a Single Family Home for sale at $195000 with 1822 sqft and a lot size of 0.1 Acres Acre(s). 578 Mckinley St Memphis has 3 bedrooms, 2 baths and was built in 1912. The property's zip code is 38126 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