Homes for sale under $500k in Memphis, TN

Homes for sale under $500k in Memphis, TN

PLEASE READ ENTIRE DESCRIPTION. Awesome chance to convert to student housing for Univ. of Memphis! The area is booming right now and this type of unit is very rare. New septic in2022; various ext. /int. repairs, including unit turns!  Utility billback in place on existing leases. Large attic and basement for possible expansion into nice units. Front building has 4 units and rear building has 2 units. Units 1 & 2 have been combined into one large 3/2 unit and is rented as such right now, but can be split into a 2/1 and 1/1 for 7 units. 2/6 units occupied, bringing in $2145(rents)+$350(utilities)/month. Fixed up, this place should be bringing in $72,000+/year (+charged utilities on

Homes for sale under $500k in Memphis, TN

Come and see this 5 bedroom, 3.5 bath with 2 primary suites in East Memphis! This home is situated on a gorgeous corner lot, fully fenced in and just a short walk across the street to Audobon Park. You need to see this fantastic floorplan yourself, perfect for intergenerational living. This home has all of it's original hardwood and lovely natural light pouring in from every direction. Multipe areas of the home have been expanded, offering extra sq ft and flex space. The suburban style, side-load 2-car garage allows for tons of attic storage above it. This home has plenty of space! Did we mentioned that it is close to everything: shopping, dining, schools, interstate? Walk to the Dixon Art

Homes for sale under $500k in Memphis, TN

Discover modern elegance in East Memphis’ coveted Pidgeon Estates. This one-story, 3BR/2.5BA home blends style with functionality. Step inside a gracious tiled entry leading to spacious living areas with crown molding, arched transitions & abundant natural light. Entertain in the formal dining room with hardwood floors and chandelier, or cook in the updated eat-in kitchen with decorative tile backsplash, solid surface counters, cooktop, double ovens, and breakfast nook. The sitting room opens to a great room with scored concrete floors, recessed lighting, and a wet bar. A private office with sliding doors offers the perfect work-from-home retreat. Romantic primary suite features

Homes for sale under $500k in Memphis, TN

Located in the historic Annesdale Park subdivision, this beautifully maintained property offers 3,200 square feet of versatile space on a spacious corner lot. Established as an accredited Montessori school for the past 31 years, this two-story building is move-in ready and ideal for a school, child care center, or tutoring facility. It boasts a spacious open-concept design with large rooms and high ceilings, creating a welcoming environment for students and staff alike. The property includes an attached, fenced playground with fixed equipment and a charming child-sized gazebo, perfect for outdoor play and activities. The building’s layout also offersthe potential for conversion into a