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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
$245,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: tim tanner
Office: crye-leike, inc., realtors
MLS#:10219499
Source:TN_MAAR

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Price summary

  • Price:$245,000

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 $2,975/month with room to increase to $3,200+, & additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. 2BR/2BA down unit with central HVAC, 1BR/1BA up unit, & a renovated 2BR/1BA guest house,+ garage & storage. Main house could convert to single family. Recent improvements include exterior paint, double pain windows, roof on rear unit, & interior paint & 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:56 day(s) ago
  • Updated:June 13, 2026 at 05:53 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:$245,000
  • Tax amount:$4,091
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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