For sale

$74,500

Est. $527/mo —

•

View

sq ft

1556 Cane Ave, Memphis, TN 38106

About this home

Solid brick home offered as a turnkey investment property. A long-term tenant is currently in place on a month-to-month lease, paying $895/month, delivering immediate cash flow from close with no vacancy or lease-up period. Property will not be shown until an offer is accepted — buyer to underwrite on rent roll and photos, with inspection contingency as needed. Cash or conventional financing only; no creative financing (no seller financing, subject-to, wraps, or lease-options will be considered). Highlights: Brick single-family construction Long-term tenant in place, month-to-month Current rent: $895/month No showings prior to accepted offer Cash or conventional financing only — no creative financing

Single-familyProperty Type

1944Year Built

Listed by Caleb Parr • Renshaw Company, REALTORS

Listing updated: Sep 22, 2026 at 03:50pm

Redfin checked: a few seconds ago

•Source:Memphis Area Association of Realtors(R) MLS #10230873

Payment calculator

$527 per month

Principal and interest$402

Property taxes

$89

HOA dues

Home insurance

$37

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

See this home in person

We'll connect you with a local agent to show you this home, answer your questions, and assist you on your buying journey.

Next available tour time: Tomorrow

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN WED, 11AM TO 5PM3D WALKTHROUGH
$404,990
5 beds3 baths2,170 sq ft
8301 Bankhead Dr, Olive Branch, MS 38654
8,712 sq ft lot • 2 garage spots • Built 2026
OPEN SAT, 12PM TO 3PM
$1,499,900
6 beds4.5 baths— sq ft
535 St Nick Dr, Memphis, TN 38117
0.41 acre lot • Garage • Built 2026
OPEN SUN, 10AM TO 2PM
$1,150,000
6 beds5.5 baths5,353 sq ft
6175 Autumn Oaks Dr, Olive Branch, MS 38654
1.01 acre lot • 3 garage spots • Pool
OPEN SUN, 1:30PM TO 3:30PM
$190,000
3 beds2 baths— sq ft
1073 Cullenwood Rd, Memphis, TN 38116
0.36 acre lot • Garage • Built 1958
OPEN SUN, 1:30PM TO 2:30PM
$234,900
3 beds2 baths1,504 sq ft
236 Amy Cir, Marion, AR 72364
8,276 sq ft lot • 2 garage spots • Built 1997
OPEN SUN, 2PM TO 4PM
$425,000
4 beds2 baths— sq ft
5167 Mary Starnes Dr, Memphis, TN 38117
0.32 acre lot • Garage • Built 1958
OPEN SUN, 2PM TO 6PM
$214,900
3 beds2 baths— sq ft
1846 Denison St, Memphis, TN 38111
9,583 sq ft lot • Built 1959 • Listed 4 days
OPEN SUN, 2PM TO 4PM
$345,000
3 beds2 baths— sq ft
4910 Cole Rd, Memphis, TN 38117
0.53 acre lot • Garage • Built 1950
OPEN SUN, 2PM TO 4PM
$305,000
3 beds2 baths— sq ft
1438 Vance Ave, Memphis, TN 38104
7,840 sq ft lot • Parking • Built 1908
OPEN SUN, 3PM TO 5PM
$315,000
3 beds2 baths1,950 sq ft
4525 Stone Cross Dr, Olive Branch, MS 38654
3,484 sq ft lot • 2 garage spots • Pool

Around this home

Schools

K - 12
Preschool & daycare

Hamilton High School

Public 9-12 • Assigned • 0.8mi

3/10

Provided by GreatSchools

About Elliston

Heights

Elliston Heights, located between Summer Avenue and I-40, is a residential and commercial Memphis neighborhood with mid-century ranch homes and a corridor of international eateries. The neighborhood’s character concentrates along Summer Avenue near White Station Road, where taquerias, halal markets, panaderías, and repair shops keep the sidewalks busy. Low-slung brick houses and deep lots sit behind mature trees, while apartment communities line the main thoroughfares. The Summer Avenue corridor reads like a food atlas, with independent storefronts and late-night counters. Nearby green space and community facilities add a practical, everyday rhythm to the streetscape.

Provided by Walk Score and Local Logic

Offer insights

1556 Cane Ave · $74,500

Strong offer

$74.54K and above

75% chance or better to win

Why $74.54K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 55 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Dining

Interior features
One-story layout
Four total rooms
All bedrooms on the main level
Other floors/ceilings (see remarks)

Bedrooms
2 bedrooms (both on the main level)

Bathrooms
2 full bathrooms

Heating & cooling
Central heating
Central cooling

Sale and tax history for 1556 Cane Ave

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$1,067 (−10.0%)

$1,325 + $18,925

$20,250

2024

$1,185 (+8.1%)

$1,325 + $18,925

$20,250

2023

$1,097

$375 + $17,625

$18,000

2022

$1,097 (−1.2%)

$375 + $17,625

$18,000

2021

$1,109 (+145.9%)

$375 + $17,625

$18,000

2020

$451

$375 + $17,625

$18,000

2019

$451

$375 + $5,850

$6,225

2018

$451 (+76.3%)

$375 + $5,850

$6,225

2017

$256 (−27.9%)

$375 + $5,850

$6,225

2016

$355

$375 + $5,850

$6,225

2014

$355

$375 + $7,750

$8,125

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

40 ft.

Lot depth

91 ft.

Lot size

3,620 Sq. Ft.

Year renovated

2005

Finished Sq. Ft.

1,090

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,090

Year built

1944

Style

Single Family Residential

County

Shelby County

APN

060055 00022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 16, 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

Nov 22, 2022 • Final

Residential electrical

Reinstall an electrical meter.

Electrical

Electric meter

Oct 7, 2020 • Final

Residential electrical

Replace the electrical service and install a new meter and circuit breakers.

Electrical

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 108° expected this year, 21 days in 30 years

4/10 Wind Factor

15% 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.8 hrs

6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1556 Cane Ave

$69,935

$4,565 under list price of $75K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $63K to $107K.

SOLD SEP 14, 2026
$65,000 Last sold price
3 beds2 baths1,160 sq ft
1246 Gausco Rd, Memphis, TN 38106
Listing provided by realtracs
8 years newer
SOLD SEP 4, 2026
$77,000 Last sold price
3 beds1 bath— sq ft
1713 Foster Ave, Memphis, TN 38114-1234
21 years newer
SOLD JAN 30, 2026
$63,000 Last sold price
2 beds1 bath1,047 sq ft
987 Rutgers Rd, Memphis, TN 38106
Listing provided by realtracs
2 years older
SOLD SEP 10, 2026
$107,200 Last sold price
2 beds1 bath1,044 sq ft
1679 Lapaloma St, Memphis, TN 38114
Listing provided by realtracs
12 years newer
SOLD JUL 2, 2026
$100,000 Last sold price
4 beds2 baths1,047 sq ft
944 Alice Ave, Memphis, TN 38106
Listing provided by realtracs
7 years newer
SOLD DEC 31, 2025
$65,000 Last sold price
2 beds1 bath987 sq ft
1023 Colgate Rd, Memphis, TN 38106
Listing provided by realtracs
6 years newer

Rental earnings

Est. $1,126 per month, based on comparable rentals

Tour for free, no strings attached

Instant answers, or connect with a local agent

Start an offer

Nearby similar homes

$50,000

3 beds1 bath— sq ft

827 E Dempster Ave, Memphis, TN 38106

7,840 sq ft lot • Built 1950 • Listed 19 days

$8,000

3 beds2 baths1,125 sq ft

1534 Bruce St, Memphis, TN 38114

5,663 sq ft lot • Built 1950

Listing provided by REALTRACS

$10,000

Land— sq ft

1406 South Ave, Memphis, TN 38106

Listed 36 days

$46,000

2 beds1.5 baths— sq ft

1006 Wichita Ave, Memphis, TN 38106

Half-acre of land • Historic charm • 0.36 acre lot

FOR SALE BY OWNER

$54,000

2 beds1 bath938 sq ft

1876 S Lauderdale St, Memphis, TN 38106

Built 1945 • Listed 13 days

$60,000

2 beds1 bath— sq ft

1533 S Montgomery St, Memphis, TN 38106

5,662 sq ft lot • Parking • Built 1947

New listings for sale in 38106

NEW 1 HR AGO

$105,000

2 beds1 bath— sq ft

407 S Parkway Ave, Memphis, TN 38106

Updated kitchen • Updated bathroom • Fresh interior paint

NEW 25 HRS AGO

$69,000

3 beds1 bath— sq ft

1166 James St, Memphis, TN 38106

6,969 sq ft lot • Built 1916

$59,500

2 beds1 bath— sq ft

448 Rosewood Ave, Memphis, TN 38106

Longview heights • New refrigerator • New stove

$70,000

4 beds1 bath— sq ft

600 E Mckellar Ave, Memphis, TN 38106

Big kitchen • Front porch • Hardwood floors

$65,000

3 beds1 bath— sq ft

2391 Drake St, Memphis, TN 38106

7,840 sq ft lot • Built 1952 • Listed 3 days

$95,000

3 beds1 bath— sq ft

622 E Mckellar Ave, Memphis, TN 38106

Big front porch • Hardwood floors • 7,405 sq ft lot

$95,000

4 beds1.5 baths— sq ft

2556 Fontaine Rd, Memphis, TN 38106

New roof • Fenced backyard • 0.41 acre lot

$26,800

2 beds1 bath— sq ft

1626 Mcmillan St, Memphis, TN 38106

2,613 sq ft lot • Built 1958 • Listed 6 days

$67,000

2 beds1 bath— sq ft

1458 Stevenson St, Memphis, TN 38106

Corner lot • Big backyard • Hardwood flooring

Details provided by Memphis Area Association of Realtors(R) MLS and may not match the public record. Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

38125 homes for sale
38128 homes for sale
38111 homes for sale
38116 homes for sale
38117 homes for sale

Houses for rent in Memphis	Agents near me	Brentwood, TN homes for sale	Memphis Housing Market
Houses for sale near me	Nashville, TN homes for sale	Memphis, TN homes for sale
Land for sale near me	Franklin, TN homes for sale	Murfreesboro, TN homes for sale
Open Houses near me	Knoxville, TN homes for sale	Memphis Property Records
Condos for sale near me	Chattanooga, TN homes for sale	TN New Listings

South Memphis homes for sale
Depot Planning District homes for sale

Bartlett homes for sale
Germantown homes for sale
Collierville homes for sale

About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 1556 Cane Ave

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1556 Cane Ave

Nearby similar homes

New listings for sale in 38106

More real estate resources