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259 Maryland Ave

Memphis, TN 38126
  • $249,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 10217408
UPDATED: 36 min ago
$249,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Professionally managed and newly built four unit investment property offering a compelling blend of stability and upside in a fast growing part of Memphis - see for yourself on Google Maps. The property features modern construction and a new roof etc. This building features one 2 bedroom unit and 3 studio apartments. Two units are currently leased for $1925 total, providing immediate income, while two additional units are ready to be marketed at $799/month & $1050/month. Once fully occupied, the property offers strong projected cash flow and attractive returns for investors seeking newer multifamily assets in Memphis.

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-08T10:03:19.227.
www.annasnyderhomes.com/homes/174353441
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259 Maryland Ave Memphis, TN 38126

  • Price: $249,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 36 min ago
  • ID#: 10217408
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
Cocke
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Professionally managed and newly built four unit investment property offering a compelling blend of stability and upside in a fast growing part of Memphis - see for yourself on Google Maps. The property features modern construction and a new roof etc. This building features one 2 bedroom unit and 3 studio apartments. Two units are currently leased for $1925 total, providing immediate income, while two additional units are ready to be marketed at $799/month & $1050/month. Once fully occupied, the property offers strong projected cash flow and attractive returns for investors seeking newer multifamily assets in Memphis.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 42X111 Parking Facility Gravel Roof Composition

Interior Features

Cooling Systems NoneOther (See Remarks) Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Laundry None

Property Features

1 Bedroom Units 1 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 1686 Annual County Tax 1757 Assumption Other (Call LA) Efficiency Studio Units 3 Existing Financing Conventional Fixed Legal Subdivision Name Cocke Caroline J Multifamily Type Fourplex New Financing Conventional Operating Expenses Other (Call LA) Other Units 0 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Other (Call LA) Type Of Leases Year Type Of Units 1 BR - 1 BathEfficiency/Studio

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Renshaw Company, REALTORS: 901-820-4367.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-08T10:03:19.227.
 
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Anna Acosta Snyder | Centric Realty, LLC
813 Ridge Lake Blvd.
Memphis TN, 38120