For sale Home

Listed Sep 30, 2026

$135,000 Est. $893/mo

550 South Parkway Avenue East

  • 4

    Beds

  • 1

    Baths

  • 1,774

    Sq ft

The story

Cash-flowing investment opportunity in Memphis. This brick home is leased at $1,700/month through March 2027 and is professionally managed, so you collect income from day one. The brick exterior means lower long-term maintenance and less capital expense. A strong fit for an investor who wants a hands-off rental with steady income. No showings without an accepted offer. No seller/creative financing.

Facts & features

Home type

Home

Year built

1912

Floors

1

Price per sq ft

$76

Included features

  • Heating

    Central

  • Roof

    Composition

  • Lot Information

    Level

Mortgage calculator

Estimated monthly payment

$893 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $719
  • Property tax $135
  • Insurance $39

Includes principal, interest, taxes & insurance.

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Listing Broker

Renshaw Company, REALTORS

Broker Name

Renshaw Company, REALTORS

Agent

Caleb Parr