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    564 W Peebles Rd Memphis, TN 38109

    For Sale
    $139,900

    Other (See REMARKS) - Memphis, TN

    Days on Market:
    45
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 564 W Peebles Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1910
    Architectural style
    Other

    The Renshaw Company, REALTORS (901) 756-5127 [email protected]

    Listing agent Caleb Parr (901) 820-4367

    Listing date Oct 23, 2025

    MLS# 10204349 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Home Plus Rental Unit

    This property presents a unique opportunity to own two homes on a single lot. The front property is a renovated 2-bedroom, 1-bathroom home featuring an updated kitchen and bath, central heat and air, a low-maintenance brick exterior, and a front porch. Behind the main house is a separate 1-bedroom, 1-bathroom home that is currently occupied with a tenant on a month-to-month lease at $500 per month, providing rental income. Located in Memphis, TN, this setup offers potential as a primary residence with supplemental income or as an investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0829446
    Latitude
    35.0671808

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    FAQs

    What type of property is this?
    Single family property - Two homes on one lot, renovated and income-producing.
    Where is this single family property located?
    The property is located at 564 W Peebles Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Two Homes on One Lot: Main renovated 2BR/1BA home plus separate 1BR/1BA rental unit.; - Instant Rental Income: Currently leased at $500/month.; - Renovated Main Home: Updated kitchen and bath.
    (901) 820-4367
    Request Owner's contact information
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    Memphis, TN 38109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    564 W Peebles Rd Memphis, TN 38109
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