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3520 FAXON AVE, Memphis, TN 38122

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
3520 FAXON AVE,Memphis, TN 38122
$264,800
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tim tanner
Office: crye-leike, inc., realtors
MLS#:10219499
Source:TN_MAAR

Price summary

  • Price:$264,800

About this home

High-yield triplex on a rare ~½ acre lot on the West edge of Berclair with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,950/month with room to increase to ~$3,200+ and additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. Property includes a 2BR/2BA main unit with central HVAC, 1BR/1BA upstairs unit, and a renovated 2BR/1BA guest house, plus garage with storage. Recent improvements include exterior paint, newer double pain windows, roof on rear unit, and many interior updates. All units have their own laundry & all appliances are included. Zoned 3–4 family with lots of land to expand & park--rare opportunity for added value. Ideal for investors seeking solid returns today with clear path to ~11%+ cap. Sqft does not include guest house. Opportunities like this are getting harder to find! Do not disturb tenants. Owner agent.

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Home facts

  • Year built:1920
  • Listing ID #:10219499
  • Added:6 day(s) ago
  • Updated:April 22, 2026 at 10:55 AM

Rooms and interior

  • Flooring:Hardwood Throughout, Tile, Wood Laminate Floors
  • Basement Description:Conventional/Crawl Space, Partial Basement

Heating and cooling

  • Cooling:2+ Window Units per Unit, Central
  • Heating:Central, Wall Heat

Structure and exterior

  • Roof:Shingle/Shake
  • Year built:1920
  • Foundation Description:Conventional/Crawl Space, Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$264,800
  • Tax amount:$4,091
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