732 N Montgomery St, Memphis, TN 38107
- $85,000
- 1
- BD
- 1
- BA
- Sold Price
- $85,000
- List Price
- $100,000
- Closing Date
- Aug 17, 2026
- MLS#
- 10225714
- Property Type
- Multifamily
- Bedrooms
- 1
- Bathrooms
- 1
- Lot Size
- 38.22X97.99
- Status
- CLOSED
Property Description
Turnkey North Memphis Duplex – Income-Producing with Immediate Upside Looking for a cash-flowing investment with room to grow? This 2BR/1BA duplex in North Memphis checks all the boxes for investors seeking stable income plus upside potential. The Numbers: Side A: Occupied, tenant paying $650/month, lease in place through October 2026 — tenant has expressed interest in staying long-term, meaning day-one cash flow with minimal turnover risk Side B: Currently vacant and move-in ready, with market rent estimated around $750/month — ideal for owner-occupants wanting to house-hack, or investors looking to place a new tenant at market rate Combined potential monthly rent: ~$1,400 Why This Deal Works: With one side already generating income and a lease that runs through late 2026, this property offers immediate cash flow while you fill the vacant unit at today's market rent.
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Additional Information
- Annual City Tax
- 685
- Annual County Tax
- 714
- Cooling
- Other (See Remarks)
- Foundation
- Conventional
- Heating
- Other (See Remarks)
- Hot Water
- Electric
- Legal Subdivision
- Meadows & Shelton
- Lot Description
- Level
- Lot Size
- 38.22X97.99
- New Financing
- Conventional
- Parking
- Street Parking Only
- Roof
- Composition Shingles
- Stories
- 1
- Style
- Traditional
- Subdivision
- MEADOWS AND SHELTON
- Subtype
- Built as Duplex
- Tenant Pays
- All Utilities
- Year Built
- 1951
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Listing courtesy of Renshaw Company, REALTORS. Selling Office: NON-MLS OR NON-BOARD OFFICE.
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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.