Address
509 Leath St, Memphis, TN
Price
$ 55,000
Property Attributes
  • MLS#10230343
  • TypeSingle Family
  • Listing Status Active
  • CountySHELBY
  • CityMemphis
  • AreaHarbor Town-Downtown
  • NeighborhoodGATES
  • Zip38105
  • StyleTraditional
  • Year Built1925
  • Taxes$ 770
  • Price$ 55,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1396
  • Lot Size0.21 Acres
Data Source:
Memphis MLS (MAAR)
Property Description

Investor opportunity with a lot of potential already built into the existing footprint. Currently configured as a 3-bedroom, 1-bath home with separate living and dining rooms, this property offers a solid starting point for a full renovation. The interior has already been opened up in several areas, providing good visibility into the home’s framing and existing structure. Despite the amount of renovation needed, the home appears to have good bones and a functional layout that lends itself well to redevelopment. Bring your contractor and your vision. With the right renovation plan, this property offers an opportunity to improve both the condition and functionality of the home rather than simply putting finishes over an outdated floor plan. Property is being sold as-is. No wholesalers, or contract assignment.

Price History
9/12/2026 Listed $55,000

General Features

Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Status Active
Full Baths 1
Legal Subdivision Name GATES
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 741E
Parcel Number 001113 00010
Status Active
Annual City Tax 377
Annual County Tax 393
Sale/Rent For Sale
Area Harbor Town/Downtown
Service Type Full Service Listing
Neighborhood Association None
Year Built 1925
Directions From N Parkway,turn south onto N Dunlap St. Turn east onto Leath St,property will be on your left.
City Memphis
DOM 1

Interior Features

Living Room Separate Living Room
Beds 3
Total Baths 1
Number of Rooms 5
FLOORS/CEILINGS Hardwood Throughout

Exterior Features

Pool None
Lot 25
Lot Size Area 0.21
Lot Size 50X191
Parking Display No
Lot Description Some Trees,Level
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood/Composition
Misc. Exterior Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 38105

Price
AVG $240K
$60K
Taxes
AVG $2,148
$770
Year Built
AVG 1948
1925
Visits
AVG 67
1
Data Provided by Inside Real Estate®