# 581 WATSON St, Memphis, TN 38111

> **TL;DR:** 3bd/2ba single family, $140,000 ($111/sqft), built 1939, 1,261 sqft.
> Fireplace, Hardwood, A/C, 1-car garage. Est. $749/mo. Listed 9 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $140,000 |
| Price/sqft | $111 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,261 |
| Year Built | 1939 |
| Lot Size | 8,276 sqft (0.19 acres) |
| Stories | 1 |
| Garage | 1-car |
| Property Type | Single Family (Other) |
| Status | Active |
| Days on Market | 9 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $708 |
| Estimated Insurance | $41 |
| **Total** | **$749** |

## Key Amenities

- Fireplace
- Hardwood
- A/C
- 1-car garage

## Property Highlights

- Built in 1939
- 0.19 acre lot
- Fireplace

## Description

### Agent 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.

## Location

- **Address:** 581 WATSON St, Memphis, TN 38111
- **County:** Shelby
- **Neighborhood:** EBERHARTS WATSON ST S/D OF S 100 FT LOT
- **Coordinates:** 35.115343, -89.927585
- **Google Maps:** https://www.google.com/maps?q=35.115343,-89.927585

## Listing Agent

- **Name:** Crystal Mitchell
- **Brokerage:** The Renshaw Company, REALTORS
- **Broker Phone:** 901-756-5127
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/581-Watson-St_Memphis_TN_38111_M70832-35307?f=listhub&s=MAARTN&m=10232812&c=propsimple)

## Photos

![581 WATSON St - Photo 1](http://lh.rdcpix.com/680039773e6e4d1e5a4862268ad3e1c0l-f3209524772r.jpg)

![581 WATSON St - Photo 2](http://lh.rdcpix.com/680039773e6e4d1e5a4862268ad3e1c0l-f2800161383r.jpg)

![581 WATSON St - Photo 3](http://lh.rdcpix.com/680039773e6e4d1e5a4862268ad3e1c0l-f664642846r.jpg)

![581 WATSON St - Photo 4](http://lh.rdcpix.com/680039773e6e4d1e5a4862268ad3e1c0l-f1791176748r.jpg)

---

**MLS#:** 10232812 | **Updated:** 2026-10-28
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/581-watson-st-memphis-tn-38111-c30a7ce7ec2e4a05a95577049bba2d35)

---

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