Sheila Stevenson - KAIZEN Realty Logo
$155,000
 $832 est/mo Sourced by Back At You

226 E Alston Ave,Memphis, TN 38126

Memphis, TN 38126

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Description

Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. Seller reports approximately 80% framing completion, roof structure in place with shingles remaining, and plumbing rough-in and top-out completed and passed. Architectural plans are available for an additional $2,500. Seller also reports approval for a $20,000 DMC grant, subject to buyer verification of availability, eligibility, and terms. Seller estimates a potential finished value near $400,000. Buyer to independently verify square footage, unit configuration, permits, inspections, grant eligibility, projected value, and remaining construction costs. Property sold strictly as-is. Bring your vision and unlock the potential of this multifamily investment! No wholesalers, no assignments, no creative financing.

Details

MLS #10232440
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site12
Listing Provided ByBHHS Taliesyn Realty | Arlexus Holmes

Features

Units4
Building(s)1

Exterior

RoofShingle/Shake
ConstructionOther (See Remarks)
FoundationOther (See Remarks)

Parking

Parking FacilityDetached

Area Information

StateTN
CountyShelby
CityMemphis
Zip Code38126
AreaSouth Memphis | 61 Hwy
Subarea747N
Community NameJAMES LEE CURTIS PLACE
Listing VS Median (in JAMES LEE CURTIS PLACE)
Price:
$155,000
low | high
Med:
$0
On site:
12
low | high
Med:
Sourced by Back At You

Market Activity 38126

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Additional Information

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Learn More About This Property

Sheila Stevenson

Sheila L. Stevenson

KAIZEN Realty

TN Lic# 371496 (901) 201-2257sheila@kaizen.ws
StateTN
CountyShelby
CityMemphis
Zip Code38126
AreaSouth Memphis | 61 Hwy
Subarea747N
Community NameJAMES LEE CURTIS PLACE
Listing VS Median (in JAMES LEE CURTIS PLACE)
Price:
$155,000
low | high
Med:
$0
On site:
12
low | high
Med:
Sourced by Back At You
Listing Updated: October 25, 2026 at 7:56:28 AM PDT

Sheila Stevenson - KAIZEN Realty