$49,000

1549 ELY ST, Memphis, TN 38106

3 beds |
1 bath |
905 sqft

Single-Family Home
Built in 1940
3,920sqft lot
—— car garage
$54/sqft
Listed 1 month ago

Property Description

Unlock the income potential of this 3-bed, 1-bath rental property! With repairs, you can secure a **top-dollar tenant** and start generating strong cash flow. Rents in the area go upwards of $1,200, averaging around $995/mo! This is a **prime opportunity** for savvy investors looking to maximize ROI.

Listing Status:: Active
Date Added:: January 2, 2026
Data Last Updated:: February 5, 2026 at 12:45AM
Listing Office:: Renshaw Company, REALTORS : 901-820-4367
MLS ID:: 10212052

Rooms: 6
Flooring: Hardwood Throughout
A/C: Other (See REMARKS)
Heating: Other (See REMARKS)

General: Brick VeneerWooded Grounds
Style: Traditional
Pool: None
Parking: Driveway/PadFront-Load GarageParking spaces: 2

General: 1

County: South Memphis/61 Hwy

Zoning: 034025 00005

Presented by Veterans United Realty

This listing courtesy of Renshaw Company, REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Circles of Success Learning Academy

867 S Parkway E, Memphis, TN, 38106

Grades KG-5

0.56 miles away

Soulsville Charter School

1115 College St, Memphis, TN, 38106

Grades 6-12

0.98 miles away

Soulsville Charter School

1115 College St, Memphis, TN, 38106

Grades 6-12

0.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.