893 Pearce St, Memphis, TN 38107
- $150,000
- 1
- BD
- 1
- BA
- List Price
- $150,000
- MLS#
- 10228410
- Property Type
- Multifamily
- Bedrooms
- 1
- Bathrooms
- 1
- Lot Size
- 64X125
- Status
- ACTIVE
Property Description
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
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Additional Information
- Annual City Tax
- 497
- Annual County Tax
- 518
- Cooling
- Central Cooling
- Foundation
- Conventional
- Heating
- Central
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- Churchwood Terrace S/D
- Lot Description
- Level
- Lot Size
- 64X125
- New Financing
- Conventional
- Parking
- Driveway/Pad
- Roof
- Composition Shingles
- Stories
- 1
- Style
- Traditional
- Subdivision
- CHURCHWOOD TERRACE
- Subtype
- Built as Duplex
- Year Built
- 1950
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Listing courtesy of Renshaw Company, REALTORS.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.