Calling All Investors!!! Seller offering $ 3,500 buyer credit for closing cost and pre-pays Don't miss this excellent opportunity to own a newly constructed investment property with an established tenant already in place. The tenant is currently under a 12-month lease at $1,500 per month, providing immediate rental income. This well-appointed home features 3 bedrooms, 2 full bathrooms, and an open-concept floor plan. The kitchen comes complete with appliances, making it move-in ready. Conveniently located just minutes from the Stax Museum of American Soul Music and LeMoyne-Owen College, this property offers strong rental appeal in a growing area. Start generating income from day one with this turnkey investment opportunity!
Single-familyProperty Type
2025Year Built
3,920 sq ftLot Size
Listed by Kenya Harrison• Infinity Group REALTORS, Inc.
South Memphis Citizens United for Action, located between South Parkway East and I-55, is a residential and industrial Memphis neighborhood with rail corridors and long, low commercial strips. The neighborhood’s character concentrates around the South Parkway E and Mississippi Blvd corridor, where corner markets, auto shops, and takeout counters line wide streets under big shade trees. Housing skews to modest brick ranches and older frame homes with deep lots and mature landscaping. The landscape reads flat and open, with freight lines and warehouse blocks shaping the edges. Soulsville USA and the Stax Museum of American Soul Music anchor nearby cultural gravity, while Elmwood Cemetery adds a quiet, historic counterpoint.
Provided by Walk Score and Local Logic
Market insights
1249 Marksman St · $165,000
DAYS ON MARKET
24 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
LIST PRICE
$165,000
Median list price in this area is $247,032. (50% higher than this home)
PRICE DROP
1 price drop
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Interior features
One-story layout with 7 total rooms
Concrete floors
Breakfast bar and eat-in kitchen
Pantry
Range/oven, dishwasher, and garbage disposal included
Other interior features noted in remarks
Bedrooms
Three bedrooms, all on the main level
Primary bedroom on level 1 with walk-in closet and full bath
Bathrooms
Two full bathrooms
Kitchen
Eat-in kitchen with breakfast bar
Pantry
Range/oven
Dishwasher
Garbage disposal
Laundry & utility
No laundry details provided
Flooring
Concrete floors
Heating & cooling
Central heating
Central cooling
Exterior features
Porch
Level lot
No pool
Home design
Detached single-family home
Traditional style
One story
New construction/existing property (built 2025)
Parking
Driveway/pad parking
Construction
Vinyl siding
Composition shingle roof
Built in 2025
Utilities
Public water
Public sewer (public water listed)
Electric service not specifically listed
Financial info
Financing available: Conventional, FHA, VA
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10226590
Jul 31, 2026
Price Changed
$165,000
Jul 21, 2026
Listed
$169,000
Memphis Area Association of Realtors(R) MLS #1
May 27, 2026
Price Changed
$169,000
Apr 30, 2026
Price Changed
$169,900
Mar 11, 2026
Price Changed
$176,900
Public Records
Jun 4, 1962
Sold
$8,500
Year
Property tax
Land + Additions
Assessment*
2025
$14 (−47.6%)
$950
2021
$27 (−49.9%)
2020
$54
$750
2019
$54
$750
2018
$54 (+76.3%)
$750
2017
$31 (−88.1%)
$750
2014
$260
$750 + $5,200
$5,950
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
34 ft.
Lot depth
119 ft.
Lot size
4,046 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
025050 00013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Jan 21, 2026 • Final
Residential new construction
Construct a new single-family home.
New construction
Jan 7, 2026 • Final
Residential plumbing
Install rough-in plumbing for a new residential building.
New construction
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 20 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38106
Average low and high temperatures (°F)
46
30
56
38
70
50
76
58
78
63
88
72
92
77
90
72
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1249 Marksman St
$164,646
$354 under list price of $165K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $20K to $119K.