For sale

Price cut: $6.9K (7/10)

$20,000

1592 Grimes St, Memphis, TN 38106

3beds

1,260sqft

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Single Family Residence

Built in 1948

0.33 Acres Lot

$-- Zestimate^®

$16/sqft

$-- HOA

What's special

OBO only a few neighbors on this street w/ serious upside. 3BR/1BA, approx. 1,260 SF on a deep 0.33-acre lot. Full rehab needed; ideal for experienced investors, contractors, flippers, BRRRR buyers, or rental portfolio buyers looking for a value-add project. Need Full renovations, Vacant that a look! Strong affordable housing demand in the area creates potential for fix/flip or long-term rental after renovation. Convenient South Memphis location near I-240, I-55, downtown Memphis, medical district, logistics/employment centers, schools & neighborhood redevelopment activity. Larger lot offers additional utility, parking, storage, or future improvement potential, subject to zoning/approval. Cash or renovation financing recommended. Sold as-is. Bring contractor & vision. Highlights: 3BR/1BA | Approx. 1,260 SF | 0.33-acre lot | Built 1948 | Heavy rehab | Value-add | Rental/flip potential | As-is sa

32 days

806

30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Area: 1
Dimensions: 1 x 1

Dining room

Features: Separate Dining Room
Area: 1
Dimensions: 1 x 1

Living room

Area: 1
Dimensions: 1 x 1

Den

Area: 1
Dimensions: 1 x 1

Heating

Central

Cooling

Central Air

Features

1 or More BR Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Carpet
Has fireplace: No

Interior area

Total interior livable area: 1,260 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 0.33 Acres
Dimensions: 130 x 172
Features: Wooded

Details

Parcel number: 034014 00011C

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1948

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Burton Resub Blk 11

Location

Region: Memphis

Financial & listing details

Price per square foot: $16/sqft
Tax assessed value: $42,900
Annual tax amount: $565
Price range: $20K - $20K
Date on market: 6/13/2026
Cumulative days on market: 33 days

Estimated market value

Not available

Estimated sales range

Not available

$1,070/mo

Price history

Date	Event	Price
7/10/2026	Price change	$20,000-25.7%$16/sqft
Source: MAAR #10223935 Report a problem
6/22/2026	Price change	$26,900-10%$21/sqft
Source: MAAR #10223935 Report a problem
6/13/2026	Listed for sale	$29,900$24/sqft
Source: MAAR #10223935 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$565	$10,725
2024	--	--
2023	--	--
2022	--	--
2021	--	--
2020	--	--
2019	--	--
2018	--	--
2017	--	--
2016	--	--
2014	--	--
2013	--	--
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2006	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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