Skip main navigation
For sale
  • $700,000

    1861 Corning Ave, Memphis, TN 38127

    --beds
    --baths
    --sqft
    : 
    $4,872/mo
    Get pre-qualified
    Multi Family
    Built in 1964
    -- sqft lot
    $642,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    141 days
    78
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Dylan Patel,

    Grand Point Realty, LLC 901-878-5255

    Source: MAAR,MLS#: 10222979MLS Logo

      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

        DateEventPrice
        6/2/2026Listed for sale$700,000-11.9%
        Source: MAAR #10222979 Report a problem
        12/1/2023Listing removed--
        Source: MAAR #10152934 Report a problem
        7/26/2023Listed for sale$795,000
        Source: MAAR #10152934 Report a problem
        7/24/2023Pending sale$795,000
        Source: MAAR #10152934 Report a problem
        7/24/2023Listed for sale$795,000-6.4%
        Source: MAAR #10152934 Report a problem
        7/24/2023Listing removed--
        Source: MAAR #10145007 Report a problem
        3/31/2023Listed for sale$849,000
        Source: MAAR #10145007 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Shelby Forest-Frayser

        Getting around

        52 / 100
        Somewhat Walkable
        30 / 100
        Some Transit

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts