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For sale
    • Price cut: $3K (6/5)
    $370,000

    1531 Court Ave, Memphis, TN 38104

    --beds
    --baths
    2,580sqft
    : 
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    Multi Family
    Built in 1910
    -- sqft lot
    $363,100 Zestimate®
    $143/sqft
    $-- HOA

    What's special

    Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. STR TENANT OCCUPIED, DO NOT DISTURB TENANTS. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!
    134 days
    |
    115
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan A Ray,

    eXp Realty, LLC 901-505-0756

    Source: MAAR,MLS#: 10215994MLS Logo

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      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air, 2+ Window Units per Unit
      Appliances
      • Included: Refrigerator, Range/Oven (Freestanding), Cooktop/Wall Oven, Disposal, Exhaust Fan/Vent Hood, Microwave
      • Laundry: Washer in Unit
      Features
      • Wallpaper
      • Flooring: Hardwood, Tile, Vinyl
      • Windows: Drapes/Curtains
      • Basement: Crawl Space,Partial
      • Has fireplace: Yes
      • Fireplace features: Some Fireplaces
      • Furnished: Yes
      Interior area
      • Total interior livable area: 2,580 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel
      Features
      • Stories: 2.5
      • Exterior features: Sidewalks, Professional Landscaping, Ceiling Fan(s)
      Lot
      • Size: 7,710 Square Feet
      • Dimensions: 50 x 155
      • Features: Historic District
      Details
      • Parcel number: 017031 00011

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Dry Wall
      • Roof: Composition,Pitched
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Balcony/Patio, Maid Service
      • Security: Smoke Detector(s)
      • Subdivision: Courtland Pl
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $143/sqft
      • Tax assessed value: $369,000
      • Annual tax amount: $7,779
      • Date on market: 3/5/2026
      • Cumulative days on market: 135 days
      • Listing terms: Conventional,FHA/VA
      • Inclusions: All Furnishings, All Equipment, All Appliances
      • Lease term: Daily,Weekly,Month To Month,Other (Call LA)
      • Tenant pays: Security Deposit, Other (Call LA)

        Estimated market value

        $363,100

        $345,000 - $381,000

        $1,208/mo

        Price history

        DateEventPrice
        6/5/2026Price change$370,000-0.8%$143/sqft
        Source: MAAR #10215994 Report a problem
        4/19/2026Price change$373,000-0.5%$145/sqft
        Source: MAAR #10215994 Report a problem
        3/5/2026Listed for sale$375,000-5.8%$145/sqft
        Source: MAAR #10215994 Report a problem
        7/4/2025Listing removed$999
        Source: Zillow Rentals Report a problem
        6/20/2025Listed for rent$999
        Source: Zillow Rentals Report a problem
        9/26/2024Listing removed$398,000-6.4%$154/sqft
        Source: MAAR #10180233 Report a problem
        8/30/2024Listed for sale$425,000+23.2%$165/sqft
        Source: MAAR #10180233 Report a problem
        8/15/2023Sold$345,000+6.2%$134/sqft
        Source: MAAR #10152046 Report a problem
        7/14/2023Contingent$324,900$126/sqft
        Source: MAAR #10152046 Report a problem
        7/12/2023Listed for sale$324,900+103%$126/sqft
        Source: MAAR #10152046 Report a problem
        8/12/2020Sold$160,050+100.1%$62/sqft
        Source: MAAR #10080392 Report a problem
        2/4/2008Sold$80,000$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,780 +87.7%$147,600 +134.5%
        2024$4,146 +8.1%$62,950
        2023$3,835 $62,950
        2022-- $62,950
        2021-- $62,950 +62.9%
        2020$1,235 $38,650
        2019$1,235 -21.1%$38,650
        2018$1,565 -45.1%$38,650
        2017$2,853 +155%$38,650 +17.5%
        2016$1,119 -11.8%$32,900
        2014$1,268 $32,900
        2013-- $32,900 -17.3%
        2012-- $39,775
        2011-- $39,775
        2010-- $39,775
        2009-- $39,775 +0.8%
        2008-- $39,450
        2007-- $39,450
        2006-- $39,450
        2005-- $39,450 +60.2%
        2004-- $24,625
        2003-- $24,625
        2002-- $24,625
        2001-- $24,625 +30.3%
        2000-- $18,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        83 / 100
        Very Walkable
        39 / 100
        Some Transit
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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