Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one. Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air. The units are mirror-matched at $915/month each, for a gross potential rent of $1,830/month ($21,960/year). One side is already leased to a tenant in place at $915, while the opposite side is currently being marketed at the same rate — giving a new owner immediate income plus upside as the second unit leases up. The property is professionally managed, making it an ideal fit for hands-off and out-of-state investors who want a stabilized asset without the day-to-day operational burden. No showings without accepted offer. No creative/seller finance
For sale
$150,000
893 Pearce St, Memphis, TN 38107
2beds
1,072sqft
Duplex
Built in 1950
-- sqft lot
$-- Zestimate®
$140/sqft
$-- HOA
What's special
All-brick propertyCentral heat and air
- 57 days
- 108
- 18
Zillow last checked:
Listing updated:
Listed by:
Caleb Parr,
Renshaw Company, REALTORS 901-820-4367
Source: MAAR,MLS#: 10228410
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- Updated/Renovated Kit, Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,072 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 8,000 Square Feet
- Dimensions: 64 x 125
- Features: Level
Details
- Parcel number: 027035 00004
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Brick Veneer
- Roof: Composition Shingles
Condition
- Year built: 1950
Community & HOA
Community
- Subdivision: Churchwood Terrace S/d
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $48,100
- Annual tax amount: $1,015
- Date on market: 8/14/2026
- Listing terms: Conventional
- Lease term: 12 Months
- Total actual rent: 915
Estimated market value
Not available
Estimated sales range
Not available
$904/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $150,000+368.8%$140/sqft |
Source: | ||
| 12/12/2025 | Listed for rent | $918$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2023 | Sold | $32,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,014 +72.6% | $19,240 +115.7% |
| 2024 | $587 +166% | $8,920 +146.1% |
| 2023 | $221 | $3,625 |
| 2022 | -- | $3,625 |
| 2021 | -- | $3,625 -39.1% |
| 2020 | $190 | $5,950 |
| 2019 | $190 -21.1% | $5,950 |
| 2018 | $241 -45.1% | $5,950 |
| 2017 | $439 +101.8% | $5,950 -7% |
| 2016 | $218 -12% | $6,400 |
| 2014 | $247 | $6,400 |
| 2013 | -- | $6,400 -17.4% |
| 2012 | -- | $7,750 |
| 2011 | -- | $7,750 |
| 2010 | -- | $7,750 |
| 2009 | -- | $7,750 -6.3% |
| 2008 | -- | $8,275 |
| 2007 | -- | $8,275 |
| 2006 | -- | $8,275 |
| 2005 | -- | $8,275 +37.3% |
| 2004 | -- | $6,025 |
| 2003 | -- | $6,025 |
| 2002 | -- | $6,025 |
| 2001 | -- | $6,025 -32.3% |
| 2000 | -- | $8,900 |
Find assessor info on the county website
Monthly payment
Est. payment






