226 E Alston Ave, Memphis, TN 38126
- $155,000
- List Price
- $155,000
- Price Change
- ▼ $30,000 1792954284
- MLS#
- 10232440
- Property Type
- Multifamily
- Lot Size
- 0
- Status
- ACTIVE
Property 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.
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Additional Information
- Construction
- Other (See Remarks)
- Foundation
- Other (See Remarks)
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- James Lee Curtis Place
- Lot Size
- 0
- New Financing
- Other (Call LA)
- Parking Facility
- Detached
- Roof
- Shingle/Shake
- Subdivision
- JAMES LEE CURTIS PLACE
- Subtype
- Fourplex
- Tenant Pays
- Other (Call LA)
- Year Built
- 1930
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Listing courtesy of BHHS Taliesyn Realty.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.