About This Home

This 3-bedroom, 2-bathroom single family at 538 E MCKELLAR Ave in Memphis, TN is listed for $89,900 ($56 per sqft). Built in 1928, the home offers 1,615 sqft of living space on a N/A lot.

Key Features

  • Built in 1928

Property Details

1 story
2 full
1-car garage
1928

Amenities

A/C
Listing Description

Solid 3 bedroom, 2 bath investment property, offered as a turnkey investment. A long-term tenant is currently in place on a month-to-month lease, paying $1,073/month, delivering immediate cash flow from close with no vacancy or lease-up period. Property will not be shown until an offer is accepted - buyer to underwrite on rent roll and photos, with inspection contingency as needed.

Cash or conventional financing only; no creative financing (no seller financing, subject-to, wraps, or lease-options will be considered). Highlights: 3 bed / 2 bath Long-term tenant in place, month-to-month Current rent: $1,073/month No showings prior to accepted offer Cash or conventional financing only - no creative financing

Monthly Cost Estimate

$481/mo

20% down · 6.5% · 30 years

Principal$65
Interest$390
Insurance$26

Estimates only. Actual payments may vary.

Location

538 E MCKELLAR Ave

Memphis, TN 38106

Longview Heights 1st Add Blk 239

Features & Amenities

Exterior Features

Wrought Iron Security Drs

Property Details

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 538 E MCKELLAR Ave is listed at $89,900 ($56/sqft). The estimated monthly payment is $481 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1928. Exterior Features: Wrought Iron Security Drs.

This property is listed by Caleb Parr.

CP

Caleb Parr

Agent at The Renshaw Company, REALTORS

Listed by The Renshaw Company, REALTORS · Broker phone: 901-756-5127 · View on Broker Site · Broker website

MLS# 10230880· Source: Memphis Area Association of Realtors®· 35 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.

538 E MCKELLAR Ave, Memphis, TN 38106

Open this listing in: