Investment opportunity in North Memphis with immediate cash flow and value add potential. This property is currently stabilized and producing income, offering investors the opportunity to acquire an asset with upside through rent growth and continued management. Current rents are below market in several units, creating the potential to increase revenue over time while maintaining occupancy. Conveniently located near major employment corridors, retail amenities, and transportation routes. Ideal for investors seeking a cash flowing asset with the ability to improve returns through strategic rent adjustments and operational efficiencies. Financial information, rent roll, and additional property details available upon request.
For sale
$700,000
1861 Corning Ave, Memphis, TN 38127
--beds
--baths
--sqft
Multi Family
Built in 1964
-- sqft lot
$642,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 141 days
- 78
- 5
Zillow last checked:
Listing updated:
Listed by:
Dylan Patel,
Grand Point Realty, LLC 901-878-5255
Source: MAAR,MLS#: 10222979
Facts & features
Interior
Heating
- Natural Gas
Cooling
- 1 Window Unit per Unit
Appliances
- Laundry: None
Features
- Flooring: Vinyl
- Furnished: Yes
Property
Parking
- Parking features: Asphalt/Blacktop
Features
- Stories: 2
Lot
- Size: 0.85 Acres
- Dimensions: 0.85
Details
- Parcel number: 072001 00114
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle/Shake
Condition
- Year built: 1964
Community & HOA
Community
- Subdivision: Kencor
Location
- Region: Memphis
Financial & listing details
- Annual tax amount: $13,308
- Date on market: 6/2/2026
- Listing terms: Conventional
- Inclusions: All Appliances, All Equipment, All Furnishings
- Lease term: 12 Months
- Total actual rent: 8315
- Tenant pays: Some Utilities
Estimated market value
$642,900
$611,000 - $675,000
$1,086/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Listed for sale | $700,000-11.9% |
Source: | ||
| 12/1/2023 | Listing removed | -- |
Source: | ||
| 7/26/2023 | Listed for sale | $795,000 |
Source: | ||
| 7/24/2023 | Pending sale | $795,000 |
Source: | ||
| 7/24/2023 | Listed for sale | $795,000-6.4% |
Source: | ||
| 7/24/2023 | Listing removed | -- |
Source: | ||
| 3/31/2023 | Listed for sale | $849,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment







