About This Home

This 4-bedroom, 2-bathroom multi-family at 1621 OAKWOOD St in Memphis, TN is listed for $148,000 ($129 per sqft). Built in 1950, the home offers 1,151 sqft of living space on a N/A lot.

Key Features

  • Built in 1950

Property Details

2 full
1950
Listing Description

Discover an outstanding investment opportunity with this fully renovated duplex at 1621 & 1623 Oakwood Street in Memphis! Whether you're looking to expand your rental portfolio or invest in an income-producing property, this move-in-ready duplex checks all the boxes.

Both units have been beautifully updated with fresh interior and exterior paint, luxury vinyl plank flooring, new kitchen cabinets, countertops, sinks, lighting, and new water heaters. The bathrooms feature new vanities, toilets, fixtures, and updated finishes, while new closet shelving adds extra storage.

Each unit offers a spacious great room, kitchen, two bedrooms, and one full bath. Major improvements include a new roof and windows (2024/2025), storm doors, and a new front porch, providing peace of mind for years to come. With modern updates throughout and low-maintenance features, this turnkey duplex is ready for tenants and an excellent addition to any real estate investment portfolio.

Monthly Cost Estimate

$792/mo

20% down · 6.5% · 30 years

Principal$107
Interest$641
Insurance$43

Estimates only. Actual payments may vary.

Location

1621 OAKWOOD St

Memphis, TN 38108

NORWOOD

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 1621 OAKWOOD St is listed at $148,000 ($129/sqft). The estimated monthly payment is $791 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950.

This property is listed by Melissa Thompson.

MT

Melissa Thompson

Agent at eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty

Listed by eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty · Broker phone: (901) 310-4363 · View on Broker Site · Broker website

MLS# 10224990· Source: Memphis Area Association of Realtors®· 125 days on PropertySimple

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.

1621 OAKWOOD St, Memphis, TN 38108

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