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! Furniture WILL NOT convey with the sale.
For sale
Price cut: $3K (9/3)
$360,000
1531 Court Ave, Memphis, TN 38104
--beds
--baths
2,580sqft
Multi Family
Built in 1910
-- sqft lot
$356,700 Zestimate®
$140/sqft
$-- HOA
What's special
- 181 days
- 163
- 6
Zillow last checked:
Listing updated:
Listed by:
Jordan A Ray,
eXp Realty, LLC 901-505-0756
Source: MAAR,MLS#: 10215994
Facts & features
Interior
Heating
- Central
Cooling
- 2+ Window Units per Unit, Central Air
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: $140/sqft
- Tax assessed value: $369,000
- Annual tax amount: $7,779
- Date on market: 3/5/2026
- Cumulative days on market: 182 days
- Listing terms: Conventional,FHA/VA
- Inclusions: All Furnishings, All Equipment, All Appliances
- Lease term: Daily,Month To Month,Other (Call LA),Weekly
- Tenant pays: Security Deposit, Other (Call LA)
Estimated market value
$356,700
$339,000 - $375,000
$1,495/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $360,000-0.8%$140/sqft |
Source:  MAAR #10215994 Report a problem | ||
| 8/22/2026 | Price change | $363,000-0.5%$141/sqft |
Source: MAAR #10215994 Report a problem | ||
| 8/15/2026 | Price change | $365,000-1.4%$141/sqft |
Source: MAAR #10215994 Report a problem | ||
| 6/5/2026 | Price change | $370,000-0.8%$143/sqft |
Source: MAAR #10215994 Report a problem | ||
| 4/19/2026 | Price change | $373,000-0.5%$145/sqft |
Source: MAAR #10215994 Report a problem | ||
| 3/5/2026 | Listed for sale | $375,000-5.8%$145/sqft |
Source: MAAR #10215994 Report a problem | ||
| 7/4/2025 | Listing removed | $999 |
Source: Zillow Rentals Report a problem | ||
| 6/20/2025 | Listed for rent | $999 |
Source: Zillow Rentals Report a problem | ||
| 9/26/2024 | Listing removed | $398,000-6.4%$154/sqft |
Source: MAAR #10180233 Report a problem | ||
| 8/30/2024 | Listed for sale | $425,000+23.2%$165/sqft |
Source: MAAR #10180233 Report a problem | ||
| 8/15/2023 | Sold | $345,000+6.2%$134/sqft |
Source: MAAR #10152046 Report a problem | ||
| 7/14/2023 | Contingent | $324,900$126/sqft |
Source: MAAR #10152046 Report a problem | ||
| 7/12/2023 | Listed for sale | $324,900+103%$126/sqft |
Source: MAAR #10152046 Report a problem | ||
| 8/12/2020 | Sold | $160,050+100.1%$62/sqft |
Source: MAAR #10080392 Report a problem | ||
| 2/4/2008 | Sold | $80,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Midtown
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