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For sale
    • Price cut: $75.1K (10/16)
    $119,900

    578 McKinley St, Memphis, TN 38126

    3beds
    1,822sqft
    : 
    $885/mo
    Get pre-qualified
    Single Family Residence
    Built in 1912
    4,356 Square Feet Lot
    $192,500 Zestimate®
    $66/sqft
    $-- HOA

    What's special

    ATTENTION INVESTORS!! Selling under appraised value!! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 2-bath single-family home is currently generating $1,150/ month in rental income, with the current lease running through 05/19/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment, or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE
    38 days
    190
    24

    Zillow last checked:

    Listing updated:

    Listed by:

    James C Wachob,

    Foundation Property Management 901-633-1484

    Source: MAAR,MLS#: 10230145MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Dimensions: 0 x 0
      Dining room
      • Features: Separate Dining Room
      • Dimensions: 0 x 0
      Kitchen
      • Features: Updated/Renovated Kitchen
      Living room
      • Features: Separate Living Room
      • Dimensions: 0 x 0
      Den
      • Dimensions: 0 x 0
      Heating
      • Wall Furnace
      Cooling
      • Window Unit(s)
      Features
      • 1 or More BR Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Part Hardwood, Vinyl
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,822 sqft

      Property

      Parking
      • Parking features: Street Parking Only
      Features
      • Stories: 1.5
      • Patio & porch: Porch
      • Exterior features: Balcony
      • Pool features: None
      Lot
      • Size: 4,356 Square Feet
      • Dimensions: 40 x 115
      • Features: Level
      Details
      • Parcel number: 011028 00002

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Brick Veneer
      Condition
      • New construction: No
      • Year built: 1912

      Community & HOA

      Community
      • Subdivision: Williams
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $66/sqft
      • Tax assessed value: $51,200
      • Annual tax amount: $674
      • Price range: $119.9K - $119.9K
      • Date on market: 9/10/2026
      • Cumulative days on market: 40 days

        Estimated market value

        $192,500

        $183,000 - $202,000

        $1,741/mo

        Price history

        DateEventPrice
        10/16/2026Price change$119,900-38.5%$66/sqft
        Source: MAAR #10230145 Report a problem
        9/10/2026Listed for sale$195,000+225%$107/sqft
        Source: MAAR #10230145 Report a problem
        4/17/2026Listing removed$1,150$1/sqft
        Source: Zillow Rentals Report a problem
        4/15/2026Listed for rent$1,150$1/sqft
        Source: Zillow Rentals Report a problem
        4/14/2026Listing removed$1,150$1/sqft
        Source: Zillow Rentals Report a problem
        3/13/2026Price change$1,150+9.5%$1/sqft
        Source: Zillow Rentals Report a problem
        2/17/2026Listed for rent$1,050-34.4%$1/sqft
        Source: Zillow Rentals Report a problem
        1/29/2026Listing removed$1,600$1/sqft
        Source: Zillow Rentals Report a problem
        12/19/2025Listed for rent$1,600$1/sqft
        Source: Zillow Rentals Report a problem
        9/16/2025Sold$60,000-11.1%$33/sqft
        Source: MAAR #10203065 Report a problem
        9/3/2025Pending sale$67,500$37/sqft
        Source: MAAR #10203065 Report a problem
        8/7/2025Listed for sale$67,500-59.1%$37/sqft
        Source: MAAR #10203065 Report a problem
        11/13/2024Listing removed$165,000-5.7%$91/sqft
        Source: MAAR #10178741 Report a problem
        10/22/2024Price change$175,000-2.8%$96/sqft
        Source: MAAR #10178741 Report a problem
        8/8/2024Listed for sale$180,000-7.6%$99/sqft
        Source: MAAR #10178741 Report a problem
        6/21/2024Listing removed--
        Source: MAAR #10160588 Report a problem
        5/31/2024Price change$194,750-0.1%$107/sqft
        Source: MAAR #10160588 Report a problem
        5/3/2024Listed for sale$195,000$107/sqft
        Source: MAAR #10160588 Report a problem
        4/23/2024Pending sale$195,000$107/sqft
        Source: MAAR #10160588 Report a problem
        3/25/2024Listed for sale$195,000$107/sqft
        Source: MAAR #10160588 Report a problem
        3/16/2024Pending sale$195,000$107/sqft
        Source: MAAR #10160588 Report a problem
        3/11/2024Contingent$195,000$107/sqft
        Source: MAAR #10160588 Report a problem
        11/9/2023Listed for sale$195,000$107/sqft
        Source: MAAR #10160588 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$675 +34.8%$12,800 +68.4%
        2024$500 +8.1%$7,600
        2023$463 $7,600
        2022-- $7,600
        2021-- $7,600 +5.2%
        2020$231 $7,225
        2019$231 -21.1%$7,225
        2018$293 -45.1%$7,225
        2017$533 +109.8%$7,225 -3.3%
        2016$254 -19.5%$7,475
        2014$316 $7,475
        2013-- $7,475 -24.5%
        2012-- $9,900
        2011-- $9,900
        2010-- $9,900
        2009-- $9,900 -23.7%
        2008-- $12,975
        2007-- $12,975
        2006-- $12,975
        2005-- $12,975 +11.6%
        2004-- $11,625
        2003-- $11,625
        2002-- $11,625
        2001-- $11,625 +16.3%
        2000-- $10,000
        Find assessor info on the county website

        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.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        55 / 100
        Somewhat Walkable
        37 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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