Turnkey New Construction 4BR/2BA — Already Leased at $1,850/mo. with Powerful Buyer Incentives Step into a fresh, low-maintenance investment with immediate cash flow. This new construction, tenant-occupied 4-bedroom, 2-bathroom home is rented at $1,850 per month, delivering dependable income from day one—without the headaches of renovations or lease-up.
Pending
$205,000
640 Stephens Pl, Memphis, TN 38126
4beds
1,530sqft
Single Family Residence
Built in 2025
7,140 Square Feet Lot
$-- Zestimate®
$134/sqft
$-- HOA
What's special
- 169 days
- 25
- 0
Zillow last checked:
Listing updated:
Listed by:
James E Johnson,
Crestcore Realty, LLC 901-385-3119
Source: MAAR,MLS#: 10217040
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 140
- Dimensions: 10 x 14
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Bedroom 4
- Level: First
Primary bathroom
- Features: Full Bath
Dining room
- Dimensions: 0 x 0
Kitchen
- Features: Eat-in Kitchen
Living room
- Features: Great Room
- Dimensions: 0 x 0
Den
- Area: 192
- Dimensions: 12 x 16
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range/Oven, Refrigerator
- Laundry: Laundry Room
Features
- All Bedrooms Down, Smooth Ceiling, Square Feet Source: Manufacturer
- Flooring: Concrete
- Windows: Aluminum Frames
- Has fireplace: No
Interior area
- Total interior livable area: 1,530 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Porch
- Pool features: None
- Fencing: Wood,Wood Fence
Lot
- Size: 7,140 Square Feet
- Dimensions: 140 x 51
Details
- Parcel number: 025023 00021
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 2025
Community & HOA
Community
- Subdivision: Stephens Blk B
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $7,000
- Annual tax amount: $2,200
- Price range: $205K - $205K
- Date on market: 3/18/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,820/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Pending sale | $205,000$134/sqft |
Source:  MAAR #10217040 Report a problem | ||
| 3/18/2026 | Listed for sale | $205,000+3316.7%$134/sqft |
Source: MAAR #10217040 Report a problem | ||
| 5/18/2024 | Listing removed | -- |
Source: MAAR #10167734 Report a problem | ||
| 3/13/2024 | Listed for sale | $6,000$4/sqft |
Source: MAAR #10167734 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $92 +60.1% | $1,750 +100% |
| 2024 | $58 +8.1% | $875 |
| 2023 | $53 | $875 |
| 2022 | -- | $875 |
| 2021 | -- | $875 |
| 2020 | $28 | $875 |
| 2019 | $28 -21.1% | $875 |
| 2018 | $35 -45.1% | $875 |
| 2017 | $65 | $875 |
| 2016 | -- | -- |
| 2014 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
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