About This Home

This 4-bedroom, 2-bathroom multi-family at 1507 OAKWOOD St in Memphis, TN is listed for $119,900 ($88 per sqft). Built in 1964, the home offers 1,357 sqft of living space on a N/A lot.

Key Features

  • Built in 1964

Property Details

2 full
1964
Listing Description

Welcome to 1507/1509 Oakwood, a great duplex investment opportunity offering income potential and flexibility! The units have previously rented for $775/month on one side and approximately $800/month on the other, providing attractive rental income potential.

The property has been updated and offers functional living spaces with minimal upfront work needed. Whether you're an investor looking to add an income-producing property to your portfolio or an owner-occupant interested in living on one side while generating rental income from the other, this duplex offers plenty of possibilities. With two separate units and income potential from both sides, 1507/1509 Oakwood is an opportunity worth considering.

Monthly Cost Estimate

$641/mo

20% down · 6.5% · 30 years

Principal$87
Interest$520
Insurance$35

Estimates only. Actual payments may vary.

Location

1507 OAKWOOD St

Memphis, TN 38108

NORWOOD

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 1507 OAKWOOD St is listed at $119,900 ($88/sqft). The estimated monthly payment is $641 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964.

This property is listed by Jonathan Nunez.

JN

Jonathan Nunez

Agent at Fast Track Realty, LLC

Listed by Fast Track Realty, LLC · Broker phone: (901) 767-8770 · View on Broker Site · Broker website

MLS# 10231999· Source: Memphis Area Association of Realtors®· 19 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1507 OAKWOOD St, Memphis, TN 38108

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