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261 Keel Ave

Memphis, TN 38107
  • $792,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 10220503
UPDATED: 39 min ago
$792,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Description

261 Keel is an 8-unit multifamily property featuring all 2-bedroom units. Each unit includes central heat and essential appliances: stove, refrigerator, washer, and dryer. Located just north of St. Jude in the growing Uptown area. The property offers scheduled monthly income of $6,570. An attractive opportunity for investors seeking stable rental income near Downtown Memphis. Please do not disturb residents — drive by only.

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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/175967833
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261 Keel Ave Memphis, TN 38107

  • Price: $792,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 39 min ago
  • ID#: 10220503
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Greenlaw
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
261 Keel is an 8-unit multifamily property featuring all 2-bedroom units. Each unit includes central heat and essential appliances: stove, refrigerator, washer, and dryer. Located just north of St. Jude in the growing Uptown area. The property offers scheduled monthly income of $6,570. An attractive opportunity for investors seeking stable rental income near Downtown Memphis. Please do not disturb residents — drive by only.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Land Sq Ft 14723 Lot Size 98.750X148.5 Parking Facility Asphalt/BlacktopConcrete Roof PitchedShingle/Shake

Interior Features

Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems 1 Window Unit per Unit Floors And Ceilings Tile Heating Systems Central Hot Water Electrical Improved Sq Ft 5616 Laundry Dryer in UnitWasher in Unit Leaseable Sq Ft 5616

Property Features

1 Bedroom Units 0 2 Bedroom Units 8 3 Bedroom Units 0 Actual Annual Rent 78840 Annual City Tax 856 Annual County Tax 892 Annual Insurance Expenses 6248 Annual Operating Expenses 11542 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 82560 Legal Subdivision Name GREENLAW Lot Number 214&215 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 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