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3520 Faxon Ave, Memphis, TN 38122

$264,900
  • 3520 Faxon Ave, Memphis, TN 38122 Main Photo

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New to the Market Active
BEDS5 BATHS MLS#10219499
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHIGHLAND HEIGHTS BLK 19
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Property Description

High-yield triplex on a rare ~1/2 acre lot on the West edge of Berclair with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,950/month with room to increase to ~$3,200+ and additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. Property includes a 2BR/2BA main unit with central HVAC, 1BR/1BA upstairs unit, and a renovated 2BR/1BA guest house, plus garage with storage. Recent improvements include exterior paint, newer double pain windows, roof on rear unit, and many interior updates. All units have their own laundry & all appliances are included. Zoned 3?4 family with lots of land to expand & park--rare opportunity for added value. Ideal for investors seeking solid returns today with clear path to ~11%+ cap. Opportunities like this are getting harder to find! Do not disturb tenants. Owner agent.

3520 Faxon Ave | MLS# 10219499

This multi-family property located at 3520 Faxon Ave, Memphis, TN 38122 is currently listed for sale with an asking price of $264,900. Search Memphis real estate on ryoung.realestateinbowlinggreen.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central,2+ Window Units per Unit
Heating: Central, Wall Heat, Other (See Remarks)
Roof Type: Shingle/Shake
Stories: 2.0
Year Built: 1920

Feature Descriptions

Days on Site: 1
Floors/ Ceilings: Hardwood Throughout, Tile, Wood Laminate Floors,9 Ft or More
Units: 3

Listed By / Shown By

Listed By

Agency Name: Crye-Leike, Inc., REALTORS

Shown By

Agent Name: Reagan Young
Agent Phone: (270) 799-2582
Agency Title: CRYE-LEIKE Executive Realty

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Estimated Payment

$ 1,576.77 per month $1,499.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $77.26 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 3:24:28 AM EST) or Southern Kentucky MLS (last updated Fri 04/17/2026 9:54:34 PM EST) or SCKY MLS (last updated Fri 04/17/2026 10:12:39 PM EST). Real estate listings held by brokerage firms other than CRYE-LEIKE Executive Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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