# 1592 GRIMES St, Memphis, TN 38106

> **TL;DR:** 3bd/1ba single family, $29,900 ($24/sqft), built 1948, 1,260 sqft.
> A/C. Est. $130/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $29,900 |
| Price/sqft | $24 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Square Feet | 1,260 |
| Year Built | 1948 |
| Lot Size | 14,375 sqft (0.33 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $130 |
| **Total** | **$130** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1948
- 0.33 acre lot

## Description

### Agent Description
Investor special in South Memphis w/ serious upside. 3BR/1BA, approx. 1,260 SF on a deep 0.33-acre lot. Full rehab needed; ideal for experienced investors, contractors, flippers, BRRRR buyers, or rental portfolio buyers looking for a value-add project. Property has deferred maintenance & will need extensive repairs/updates, including roof, interior systems, finishes & overall condition. Strong affordable housing demand in the area creates potential for fix/flip or long-term rental after renovation. Convenient South Memphis location near I-240, I-55, downtown Memphis, medical district, logistics/employment centers, schools & neighborhood redevelopment activity. Larger lot offers additional utility, parking, storage, or future improvement potential, subject to zoning/approval. Cash or renovation financing recommended. Sold as-is. Bring contractor & vision. Highlights: 3BR/1BA | Approx. 1,260 SF | 0.33-acre lot | Built 1948 | Heavy rehab | Value-add | Rental/flip potential | As-is sa

## Location

- **Address:** 1592 GRIMES St, Memphis, TN 38106
- **County:** Shelby
- **Neighborhood:** BURTON RESUB BLK 11
- **Coordinates:** 35.10374, -90.052403
- **Google Maps:** https://www.google.com/maps?q=35.10374,-90.052403

## Listing Agent

- **Name:** Glenn McDonald
- **Brokerage:** Integrated Assets
- **Phone:** 9012891374
- **Email:** GlennMcDonald@bellsouth.net

## Primary Photo

![1592 GRIMES St - Primary Photo](http://lh.rdcpix.com/3ad1ec2ac3b1511cf222ef30b9aac387l-f3652978662r.jpg)

---

**MLS#:** 10223935 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1592-grimes-st-memphis-tn-38106-10223935)

---

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