Turnkey investment opportunity offering immediate cash flow with a stable MHA tenant on an 18-month lease. This property was renovated prior to tenant move in providing a well maintained asset for any portfolio. Investors will appreciate the instant equity, reliable income stream, and minimal maintenance. A strong addition for both new and seasoned investors seeking dependable returns near the 1% rule.
For sale
$159,000
554 Edith Ave, Memphis, TN 38126
5beds
1,885sqft
Est.:
Single Family Residence
Built in 1920
9,583.2 Square Feet Lot
$50,100 Zestimate®
$84/sqft
$-- HOA
What's special
- 1 day |
- 158 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 04:31pm
Listed by:
Michael T Valenza,
eXp Realty, LLC 888-519-5113
Source: MAAR,MLS#: 10211003
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Width: 0
Dining room
- Width: 0
Living room
- Features: Separate Living Room
- Width: 0
Den
- Width: 0
Heating
- Central
Cooling
- Central Air
Features
- Primary Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood
- Number of fireplaces: 1
Interior area
- Total interior livable area: 1,885 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway/Pad
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1.2
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 9,583.2 Square Feet
- Dimensions: 50 x 200
- Features: Level
Details
- Parcel number: 025029 00020
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick Veneer
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Washington Heights Blk 2
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $27,700
- Annual tax amount: $456
- Price range: $159K - $159K
- Date on market: 12/9/2025
Estimated market value
$50,100
$47,000 - $54,000
$1,438/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Listed for sale | $159,000+211.8%$84/sqft |
Source:  MAAR #10211003 Report a problem | ||
| 3/21/2025 | Sold | $51,000-21.5%$27/sqft |
Source: MAAR #10190671 Report a problem | ||
| 3/13/2025 | Pending sale | $65,000$34/sqft |
Source: MAAR #10190671 Report a problem | ||
| 2/24/2025 | Listed for sale | $65,000$34/sqft |
Source: MAAR #10190671 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $456 +8.1% | $6,925 |
| 2023 | $422 | $6,925 |
| 2022 | -- | $6,925 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$974/mo
Principal & interest
$803
Property taxes
$115
Home insurance
$56
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Larose Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10B T Washington High SchoolGrades: 6-12Distance: 0.7 mi
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