259 Maryland Ave, Memphis, TN 38126
- $215,000
- List Price
- $215,000
- MLS#
- 10232910
- Property Type
- Multifamily
- Lot Size
- 42X111
- Status
- ACTIVE
Property Description
Great investment opportunity to own an updated fourplex with **immediate rental income and additional cash flow potential!** This multifamily property features a newer roof, updated flooring, tile, kitchens, and bathrooms. Two units are currently occupied, generating **$1,275 per month ($15,300 annually)** in gross rental income. The two vacant units present an opportunity to increase rental revenue through additional leasing, potentially strengthening the property's overall cash flow. Ideal for investors looking to expand their portfolios with an income-producing property that offers existing rental income, value-added potential, and room for future growth.
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Additional Information
- Annual City Tax
- 1686
- Annual County Tax
- 1757
- Construction
- Brick, Brick/Veneer
- Foundation
- Slab
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- Cocke Caroline J
- Lot
- 16
- Lot Size
- 42X111
- New Financing
- Conventional
- Parking Facility
- Gravel
- Roof
- Composition
- Stories
- 1
- Subdivision
- COCKE
- Subtype
- Fourplex
- Tenant Pays
- Lawn Maintenance
- Year Built
- 1958
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Listing courtesy of eXp Realty, LLC.
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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.