About This Home

This 2-bedroom, 2-bathroom multi-family at 893 PEARCE St in Memphis, TN is listed for $150,000 ($140 per sqft). Built in 1950, the home offers 1,072 sqft of living space on a N/A lot.

Key Features

  • Built in 1950

Property Details

2 full
1950
Listing Description

Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one.

Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air. The units are mirror-matched at $915/month each, for a gross potential rent of $1,830/month ($21,960/year). One side is already leased to a tenant in place at $915, while the opposite side is currently being marketed at the same rate - giving a new owner immediate income plus upside as the second unit leases up.

The property is professionally managed, making it an ideal fit for hands-off and out-of-state investors who want a stabilized asset without the day-to-day operational burden. No showings without accepted offer. No creative/seller finance

Monthly Cost Estimate

$802/mo

20% down · 6.5% · 30 years

Principal$108
Interest$650
Insurance$44

Estimates only. Actual payments may vary.

Location

893 PEARCE St

Memphis, TN 38107

Churchwood Terrace S/D

Questions & Answers

This 2-bedroom, 2-bathroom multi-family at 893 PEARCE St is listed at $150,000 ($140/sqft). The estimated monthly payment is $802 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950.

This property is listed by Caleb Parr.

CP

Caleb Parr

Agent at The Renshaw Company, REALTORS

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

MLS# 10228410· Source: Memphis Area Association of Realtors®· 76 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.

893 PEARCE St, Memphis, TN 38107

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