About This Home

This 3-bedroom, 3-bathroom single family at 480 FRIARS POINT Ln in Memphis, TN is listed for $225,000 ($129 per sqft). Built in 1983, the home offers 1,741 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1983
  • 0.21 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full, 1 half
2-car garage
1983

Amenities

FireplaceA/C
Listing Description

MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-bathroom two-story home offers an excellent opportunity for an investor looking to add to their portfolio or a savvy first-time homebuyer willing to put in some TLC and build equity.

Situated on a spacious corner lot, the home features a comfortable layout with a living room showcasing built-in bookshelves and a brick gas fireplace, an updated eat-in kitchen, and a flexible formal dining room that could also be used as a home office.

The property only needs some TLC to unlock its full potential.Conveniently located near shopping, dining, and major highways, this home offers plenty of opportunity at an attractive price point. SALE IS SUBJECT TO APPROVAL BY THE SELLER'S BANK. This is a short sale, and all offers and terms are subject to lender approval. Buyers should allow additional time for the short-sale approval process.

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

480 FRIARS POINT Ln

Memphis, TN 38018

WALNUT GROVE WOODS PHASE 1

Property Details

Flooring

TileCarpet

Parking

Garage

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 3-bathroom single family at 480 FRIARS POINT Ln is listed at $225,000 ($129/sqft). The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1983, 0.21 acre lot, 2 stories, Fireplace.

This property is listed by Arlexus Holmes.

AH

Arlexus Holmes

Agent at Berkshire Hathaway HomeServices Taliesyn Realty

Listed by Berkshire Hathaway HomeServices Taliesyn Realty · Broker phone: (901) 466-4000 · View on Broker Site · Broker website

MLS# 10217809· Source: Memphis Area Association of Realtors®· 220 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.

480 FRIARS POINT Ln, Memphis, TN 38018

Open this listing in: