Briscoe Ellett III

287 Olmstead Ave

Memphis, TN
$ 231,000 Beds 3 Baths 1 Sq 1,610
Monthly Estimate* How much can I afford?

Attention developers, portfolio builders, and scaling investors! This is an exceptional opportunity to acquire instant residential scale in the high-demand 38106 redevelopment corridor. Positioned strategically right off the South Third Street and South Parkway arteries, this structured package features one existing single-family residence paired with five vacant residential infill lots located at 276 Olmstead, 279 Olmstead, 278 E. Essex, 284 E. Essex & 286 E. Essex. No signs. No showings until an accepted offer is in place. Buyer to verify all information. Property is being sold as-is with no repairs by seller.

Single Family

  • Price
  • $ 231,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • South Memphis-61 Hwy
  • Lot Size
  • 0.11 Acres
  • Zip
  • 38106
  • Sqr Footage
  • 1,610
  • Year Built
  • 1939
  • Taxes
  • $ 537
  • Style
  • MLS#
  • 10230379
Listed By: KAIZEN Realty, LLC
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Status Active
Full Baths 1
Legal Subdivision Name RAYBURN AVE BLK E
Style Other (See Remarks)
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 747B
Parcel Number 035101 00005
Status Active
Annual City Tax 263
Annual County Tax 274
Sale/Rent For Sale
Area South Memphis/61 Hwy
Service Type Full Service Listing
Neighborhood Association None
Year Built 1939
Directions From S. Parkway West take exit 28B,onto S. Parkway E.,make a left onto S. Third St.,left on E. Waldorf Ave.,right on Patton St,Left on Olmstead Ave. Home is on your right.
City Memphis
DOM 10

Interior Features

Living Room Separate Living Room,Separate Dining Room,Separate Den,Eat-In Kitchen
Beds 3
Total Baths 1
Number of Rooms 6
Downstairs Bedrooms 3
FLOORS/CEILINGS Part Carpet

Exterior Features

Foundation Slab
Pool None
Lot NPTS 21
Lot Size Area 0.11
Lot Size 59X91
Parking Display No
Lot Description Level,Chain Fenced
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Vinyl Siding,Wood Window(s)
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

9/14/2026 Listed $231,000

Property vs Zip Code Average in 38106

Price
AVG $90K
$230K
Taxes
AVG $857
$537
Year Built
AVG 1949
1939
Visits
AVG 72
2
Data Provided by Inside Real Estate®

Areas That We Cover

287 Olmstead Ave Memphis, TN is a Single Family Home for sale at $231000 with 1610 sqft and a lot size of 0.11 Acres Acre(s). 287 Olmstead Ave Memphis has 3 bedrooms, 1 baths and was built in 1939. 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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