583 North 5th Street

Memphis TN 38105

1247 sq. ft.

0.23 ac.

Single-Family

Last sold for $115,000

Aaron Ivey, last sold this property on 28 July 2026 after 39 days on market.

Overview

Investors, this updated professionally managed 4BD/1.5BA home is generating $995/month on a month-to-month lease — immediate income with full flexibility to renew or renegotiate on your timeline. Key updates already in place: central air & heat, updated bathrooms, LVP flooring, and a new stove. Less deferred maintenance, more attractive to quality tenants. Situated on a 0.24-acre lot minutes from Downtown Memphis, St. Jude, the Medical District, and the Uptown corridor — one of Memphis's most active reinvestment areas. Easy access to I-40 and I-240. Do not disturb tenant. Showings by appointment with accepted offer and proof of funds. Photos reflect pre-tenancy condition. Property is currently tenant-occupied.

Features

4 bedrooms

1 bathroom

1247 sq. ft. floor area

0.23 ac. lot size

Single-Family

Estimated Value

We need at least 3 similar 4 bedroom single-family properties sold in Memphis over the last 12 months.

Property history for 583 North 5th Street

2026

Sold

$115,000

28 Jul 2026 by Aaron Ivey, of eXp realty

Happy sellers in Memphis

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