About This Home

This 3-bedroom, 2-bathroom single family at 581 WATSON St in Memphis, TN is listed for $140,000 ($111 per sqft). Built in 1939, the home offers 1,261 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1939
  • 0.19 acre lot
  • Fireplace

Property Details

1 story
2 full
1-car garage
1939

Amenities

FireplaceHardwoodA/C
Listing Description

Investment opportunity! This 3 bedroom, 2 bathroom property is currently tenant occupied and generating $1,200 per month in rental income. The existing lease expires in July 2027. No showings will be permitted until an offer has been accepted. Great opportunity for investors looking to expand their rental portfolio with established rental income.

Monthly Cost Estimate

$749/mo

20% down · 6.5% · 30 years

Principal$101
Interest$607
Insurance$41

Estimates only. Actual payments may vary.

Location

581 WATSON St

Memphis, TN 38111

EBERHARTS WATSON ST S/D OF S 100 FT LOT

Property Details

Flooring

Hardwood

Parking

Driveway

Heating

Natural Gas

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 581 WATSON St is listed at $140,000 ($111/sqft). The estimated monthly payment is $749 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1939, 0.19 acre lot, Fireplace.

This property is listed by Crystal Mitchell.

CM

Crystal Mitchell

Agent at The Renshaw Company, REALTORS

Listed by The Renshaw Company, REALTORS · Broker phone: 901-756-5127 · View on Broker Site · Broker website

MLS# 10232812· Source: Memphis Area Association of Realtors®· 8 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.

581 WATSON St, Memphis, TN 38111

Open this listing in: