About This Home

This 3-bedroom, 1-bathroom single family at 380 ELDER Rd in Memphis, TN is listed for $99,900 ($124 per sqft). Built in 1955, the home offers 804 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1955
  • 0.19 acre lot

Property Details

1 story
1 full
1955

Amenities

A/C
Listing Description

Investor-friendly opportunity with immediate rental income! This recently renovated 3-bedroom, 1-bath home is tenant occupied with a lease in place from 7/1/2026 through 7/1/2028, offering stability from day one. Updated and income-producing, this property is a great addition to any rental portfolio. Ideal for investors seeking a turnkey, cash-flowing asset with a long-term tenant already secured.

Monthly Cost Estimate

$534/mo

20% down · 6.5% · 30 years

Principal$72
Interest$433
Insurance$29

Estimates only. Actual payments may vary.

Location

380 ELDER Rd

Memphis, TN 38109

J E WALKER HOMES

Property Details

Flooring

Vinyl

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 380 ELDER Rd is listed at $99,900 ($124/sqft). The estimated monthly payment is $534 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 0.19 acre lot.

This property is listed by Trevor Wallace.

TW

Trevor Wallace

Agent at Crye Leike, Inc.

Listed by Crye Leike, Inc. · Broker phone: (901) 756-8900 · View on Broker Site · Broker website

MLS# 10229259· Source: Memphis Area Association of Realtors®· 64 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.

380 ELDER Rd, Memphis, TN 38109

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