# 516 JEANNE, Memphis, TN 38109

> **TL;DR:** 3bd/1ba single family, $135,000, built 1953.
> Fireplace. Est. $585/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $135,000 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Year Built | 1953 |
| Lot Size | 15,682 sqft (0.36 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $585 |
| **Total** | **$585** |

## Key Amenities

- Fireplace

## Property Highlights

- Built in 1953
- 0.36 acre lot
- Fireplace

## Description

### Agent Description
Renovated in 2024, this income-producing property is a strong opportunity for investors seeking a turnkey, rent-ready asset with professional management already in place. The home offers a functional layout featuring a spacious living area, updated finishes, and well-sized bedrooms designed for comfortable living. Exterior highlights include a large backyard and ample parking, adding to long-term tenant appeal.  Currently tenant-occupied and professionally managed by Mid South Best Rentals, this property provides immediate cash flow and a seamless transition for the new owner. The lease will remain in place, with all tenant rights transferring —making this a true hassle-free investment opportunity. Drive-by only; do not disturb tenant.

## Location

- **Address:** 516 JEANNE, Memphis, TN 38109
- **Coordinates:** 35.038308, -90.046813
- **Google Maps:** https://www.google.com/maps?q=35.038308,-90.046813

## Listing Agent

- **Name:** Amy Woods
- **Brokerage:** Crye-Leike, Inc., REALTORS
- **Phone:** 9014857005
- **Email:** woodsrealestate901@gmail.com

## Primary Photo

![516 JEANNE - Primary Photo](http://lh.rdcpix.com/0d852c1d16fa06253d46d3c40c05e38al-f2875773575r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/516-jeanne-memphis-tn-38109-10219710)*

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**MLS#:** 10219710 | **Updated:** 2026-04-24
**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/516-jeanne-memphis-tn-38109-10219710)

---

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