38 N HOLMES ST, Memphis, TN 38111
POPLAR BLVD TERRACE RE · Shelby County
Key Facts
Description
Discover this lucrative cash-flowing duplex in East Memphis, offering a fantastic investment opportunity. Each side features 2 bedrooms and 1 bathroom, with comfortable and large living spaces. The property has been beautifully updated and meticulously maintained, ensuring strong tenant appeal and ease of management. The roof and HVAC system are approximately 5 years old. New windows throughout! Enjoy the large fenced yard—perfect for outdoor activities or tenant enjoyment. This versatile property has successfully operated as both a regularly booked Airbnb and a long-term rental, demonstrating its flexibility and steady income potential. Don't miss out on this prime East Memphis investment! Financial reports with monthly income flow available upon request. Both sides have rented for approximately 1500-1700 a month PER SIDE. .
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Traditional
Year Built
1953
Stories
1
Living Area
1,843 sq ft
Days on Market
47
MLS® Listing#
10222027
Property Features
Cooling
Heating
Flooring
Pool
Parking
Construction
Financial Details
Annual Taxes
$2,751
Parcel Number
044048 00035
Directions
Heading west on Poplar Ave/HWY 72, turn right onto Holmes St (by East High School), home will be on your right.
Affordability Calculator
$49,980
Estimated monthly payment
$1,330/mo
Principal $199,920 · Est. interest $278,906 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Memphis, TN
- 74
- Median Days on Market
- 1,436
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 2,878
- Active Listings
- Its price per sq ft is 9% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Memphis, TN.
Location
Points of Interest in Memphis, TN
Showing the Memphis area map.
Nearby Schools
East Career & Tech Center
School · 0.1 mi away
East High
Secondary · 0.1 mi away
Memphis East T-STEM Academy
School · 0.1 mi away
Binghampton Christian Academy
School · 0.6 mi away
Lester Prep
Elementary · 0.8 mi away
University High School
Secondary School · 1.1 mi away
University of Memphis Graduate School
School · 1.2 mi away
The Lord's Tabernacle Christian Academy
School · 1.2 mi away
Kipp Memphis Collegiate Schools
Secondary · 1.2 mi away
Collegiate School of Memphis
Secondary · 1.2 mi away
Memphis City Schools Risk Management
School · 1.3 mi away
Shelby County School
School · 1.3 mi away
Arrow Academy of Excellence
School · 1.4 mi away
St Anne Church
School · 1.4 mi away
Messick Adult Center
School · 1.4 mi away
William H. Brewster Elementary
Elementary · 1.5 mi away
Presbyterian Day School
Secondary · 1.5 mi away
Campus School
Elementary · 1.5 mi away
Saint Michael Parish
School · 1.6 mi away
Compass Community School Berclair Campus
Elementary · 1.6 mi away
Commute Calculator
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3275 SEMINOLE RD, Memphis, TN | $175,000 | 3 | — | 1,350 |
| 1519 S WHITE STATION RD, Memphis, TN | $175,000 | 3 | — | 1,092 |
| 1489 FAXON AVE, Memphis, TN | $175,000 | 3 | — | 1,333 |
| 1571 JACKSON AVE, Memphis, TN | $175,000 | 3 | — | 1,277 |
| 4524 FLAMINGO RD, Memphis, TN | $175,000 | 3 | — | 1,027 |
| 5918 JULIAN CT 1, Memphis, TN | $175,000 | 3 | — | 1,448 |
Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: Hobson, REALTORS - 9017611622