# 226 E ALSTON Ave, Memphis, TN 38126 > **TL;DR:** residential multi family, $155,000, built 1930. Est. $829/mo. Listed 15 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $155,000 | | Year Built | 1930 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 15 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $784 | | Estimated Insurance | $45 | | **Total** | **$829** | ## Property Highlights - Built in 1930 ## Description ### Agent Description Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. Seller reports approximately 80% framing completion, roof structure in place with shingles remaining, and plumbing rough-in and top-out completed and passed. Architectural plans are available for an additional $2,500. Seller also reports approval for a $20,000 DMC grant, subject to buyer verification of availability, eligibility, and terms. Seller estimates a potential finished value near $400,000. Buyer to independently verify square footage, unit configuration, permits, inspections, grant eligibility, projected value, and remaining construction costs. Property sold strictly as-is. Bring your vision and unlock the potential of this multifamily investment! No wholesalers, no assignments, no creative financing. ## Location - **Address:** 226 E ALSTON Ave, Memphis, TN 38126 - **County:** Shelby - **Neighborhood:** JAMES LEE CURTIS PLACE - **Coordinates:** 35.12384, -90.054272 - **Google Maps:** https://www.google.com/maps?q=35.12384,-90.054272 ## Listing Agent - **Name:** Arlexus Holmes - **Brokerage:** Berkshire Hathaway HomeServices Taliesyn Realty - **Broker Phone:** (901) 466-4000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/226-E-Alston-Ave_Memphis_TN_38126_M93202-50415?f=listhub&s=MAARTN&m=10232440&c=propsimple) ## Photos ![226 E ALSTON Ave - Photo 1](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f3114491369r.jpg) ![226 E ALSTON Ave - Photo 2](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f859806115r.jpg) ![226 E ALSTON Ave - Photo 3](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f248065635r.jpg) ![226 E ALSTON Ave - Photo 4](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f3808080735r.jpg) ![226 E ALSTON Ave - Photo 5](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f881204026r.jpg) ![226 E ALSTON Ave - Photo 6](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f1799927800r.jpg) ![226 E ALSTON Ave - Photo 7](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f3311770029r.jpg) ![226 E ALSTON Ave - Photo 8](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f4119597798r.jpg) ![226 E ALSTON Ave - Photo 9](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f2742633176r.jpg) ![226 E ALSTON Ave - Photo 10](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f3354279853r.jpg) ![226 E ALSTON Ave - Photo 11](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f789776079r.jpg) ![226 E ALSTON Ave - Photo 12](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f2897558021r.jpg) ![226 E ALSTON Ave - Photo 13](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f762678853r.jpg) ![226 E ALSTON Ave - Photo 14](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f2653362022r.jpg) ![226 E ALSTON Ave - Photo 15](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f2339645401r.jpg) ![226 E ALSTON Ave - Photo 16](http://lh.rdcpix.com/02e10e61816529e6950b70508d5c55fbl-f1525000197r.jpg) --- **MLS#:** 10232440 | **Updated:** 2026-10-25 **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://staging.propertysimple.ai/listing/226-e-alston-ave-memphis-tn-38126-37ea5d9785354b7080f410e9ac362aa0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/226-e-alston-ave-memphis-tn-38126-37ea5d9785354b7080f410e9ac362aa0#listing", "url": "https://staging.propertysimple.ai/listing/226-e-alston-ave-memphis-tn-38126-37ea5d9785354b7080f410e9ac362aa0", "name": "226 E ALSTON Ave, Memphis, TN 38126", "description": "Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. 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