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For sale
    • $792,000

    261 Keel Ave, Memphis, TN 38107

    --beds
    --baths
    5,616sqft
    : 
    $5,244/mo
    Get pre-qualified
    Multi Family
    Built in 1968
    -- sqft lot
    $745,600 Zestimate®
    $141/sqft
    $-- HOA

    What's special

    Central heat
    261 Keel is an 8-unit multifamily property featuring all 2-bedroom units. Each unit includes central heat and essential appliances: stove, refrigerator, washer, and dryer. Located just north of St. Jude in the growing Uptown area. The property offers scheduled monthly income of $6,570. An attractive opportunity for investors seeking stable rental income near Downtown Memphis. Please do not disturb residents — drive by only.
    85 days
    |
    69
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey B Moore,

    Crye-Leike Commercial 901-758-5670

    Source: MAAR,MLS#: 10220503MLS Logo

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • 1 Window Unit per Unit
      Appliances
      • Included: Refrigerator, Range/Oven (Freestanding), Electric Water Heater
      • Laundry: Dryer in Unit, Washer in Unit
      Features
      • Flooring: Tile
      Interior area
      • Total structure area: 5,616
      • Total interior livable area: 5,616 sqft

      Property

      Parking
      • Parking features: Asphalt/Blacktop, Concrete
      Features
      • Stories: 2
      Lot
      • Size: 0.34 Acres
      • Dimensions: 98.750 x 148.5
      Details
      • Parcel number: 001084 00001C

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Pitched,Shingle/Shake
      Condition
      • Year built: 1968

      Community & HOA

      Community
      • Subdivision: Greenlaw
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $141/sqft
      • Annual tax amount: $1,748
      • Date on market: 4/30/2026
      • Cumulative days on market: 86 days
      • Listing terms: Conventional
      • Lease term: 12 Months
      • Total actual rent: 78840
      • Tenant pays: Some Utilities

        Estimated market value

        $745,600

        $708,000 - $783,000

        $1,012/mo

        Price history

        DateEventPrice
        6/1/2026Listed for rent$860
        Source: Zillow Rentals Report a problem
        4/30/2026Listed for sale$792,000$141/sqft
        Source: MAAR #10220503 Report a problem
        3/3/2026Listing removed$860
        Source: Zillow Rentals Report a problem
        10/26/2025Listed for rent$860+3.6%
        Source: Zillow Rentals Report a problem
        7/30/2023Listing removed--
        Source: Zillow Rentals Report a problem
        7/26/2023Listed for rent$830-2.4%
        Source: Zillow Rentals Report a problem
        7/12/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/28/2023Listed for rent$850+6.3%
        Source: Zillow Rentals Report a problem
        7/10/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        7/8/2022Listed for rent$800+15.9%
        Source: Zillow Rental Manager Report a problem
        6/7/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        5/20/2021Listed for rent$690+4.5%
        Source: Zillow Rental Manager Report a problem
        2/21/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        1/31/2021Listed for rent$660+3.1%
        Source: Zillow Rental Manager Report a problem
        12/6/2020Listing removed$640
        Source: Owner Report a problem
        11/14/2020Listed for rent$640+2.4%
        Source: Owner Report a problem
        7/2/2020Listing removed$625
        Source: Owner Report a problem
        6/27/2020Listed for rent$625+5%
        Source: Owner Report a problem
        5/3/2020Listing removed$595
        Source: Owner Report a problem
        4/26/2020Listed for rent$595+13.3%
        Source: Owner Report a problem
        2/28/2019Listing removed$525
        Source: Owner Report a problem
        2/10/2019Listed for rent$525+5%
        Source: Owner Report a problem
        11/22/2018Listing removed$500
        Source: Owner Report a problem
        9/13/2018Listed for rent$500
        Source: Owner Report a problem
        5/22/2018Listing removed$500
        Source: Owner 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.
        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: Downtown

        Getting around

        68 / 100
        Somewhat Walkable
        52 / 100
        Good Transit
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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