732 N MONTGOMERY ST, Memphis, TN 38107
Meadows & Shelton · Shelby County
Key Facts
Description
Turnkey North Memphis Duplex – Income-Producing with Immediate Upside Looking for a cash-flowing investment with room to grow? This 2BR/1BA duplex in North Memphis checks all the boxes for investors seeking stable income plus upside potential. The Numbers: Side A: Occupied, tenant paying $650/month, lease in place through October 2026 — tenant has expressed interest in staying long-term, meaning day-one cash flow with minimal turnover risk Side B: Currently vacant and move-in ready, with market rent estimated around $750/month — ideal for owner-occupants wanting to house-hack, or investors looking to place a new tenant at market rate Combined potential monthly rent: ~$1,400 Why This Deal Works: With one side already generating income and a lease that runs through late 2026, this property offers immediate cash flow while you fill the vacant unit at today's market rent.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Traditional
Year Built
1951
Stories
1
MLS® Listing#
10225714
Property Features
Appliances
Flooring
Pool
Parking
Lot Features
Construction
Roof
Financial Details
Annual Taxes
$1,399
Parcel Number
021090 00042
Directions
From Downtown Memphis, take Jackson Ave west to N Montgomery St. Turn right onto N Montgomery St and continue to 732 N Montgomery St, Memphis, TN 38107. The property will be on your right.
Affordability Calculator
$20,000
Estimated monthly payment
$532/mo
Principal $80,000 · Est. interest $111,607 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Memphis, TN
- 74
- Median Days on Market
- 1,438
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 2,975
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Memphis, TN.
Location
- 732 N MONTGOMERY ST, Memphis, TN 38107
Points of Interest in Memphis, TN
Showing the Memphis area map.
Nearby Schools
Gordon Elementary School
Elementary · 0.4 mi away
Perea Elementary School
Elementary · 0.5 mi away
Schools of Perea
School · 0.5 mi away
Klondike Elementary
Elementary · 0.5 mi away
Northside High School
Secondary · 0.5 mi away
Crosstown High
Secondary · 0.5 mi away
Moore Tech School of Welding
Secondary · 0.5 mi away
Memphis Scholars Caldwell-Guthrie
Elementary · 0.7 mi away
Caldwell-Guthrie Elementary School
Elementary · 0.7 mi away
Humes Preparatory Academy Middle School
Secondary · 0.9 mi away
Memphis City Schools-Board of Education City Schools
Elementary · 1.0 mi away
Northwest Prep Academy
School · 1.0 mi away
Holy Names Catholic School
School · 1.0 mi away
Manassas High School
Secondary · 1.2 mi away
Snowden School
Elementary · 1.3 mi away
Memphis College Prep Elementary School
School · 1.3 mi away
Kipp Memphis Collegiate Elementary
Secondary · 1.4 mi away
Kipp Memphis Collegiate High
Secondary · 1.7 mi away
Memphis Central High School
Secondary · 1.8 mi away
St Class Montessori School
Elementary · 1.8 mi away
Commute Calculator
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| 1409 GOLD AVE, Memphis, TN | $70,000 | 3 | — | 850 |
| 1373 VICOSCIA AVE, Memphis, TN | $70,000 | 3 | — | 1,151 |
| 3341 KIRBY TREES PL 3341, Memphis, TN | $71,500 | 3 | — | 1,937 |
Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: Renshaw Company, REALTORS - 9018204367