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For sale
  • $150,000

    893 Pearce St, Memphis, TN 38107

    2beds
    1,072sqft
    : 
    $1,054/mo
    Get pre-qualified
    Duplex
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $140/sqft
    $-- HOA

    What's special

    All-brick propertyCentral heat and air
    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
    8 days
    |
    101
    |
    10
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Caleb Parr,

    Renshaw Company, REALTORS 901-820-4367

    Source: MAAR,MLS#: 10228410MLS Logo

      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

        $894/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$150,000+368.8%$140/sqft
        Source: MAAR #10228410 Report a problem
        12/12/2025Listed for rent$918$1/sqft
        Source: Zillow Rentals Report a problem
        4/28/2023Sold$32,000$30/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        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: Downtown

        Getting around

        53 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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