1531 Court Ave

Memphis, TN 38104

$373,000
Price
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Baths
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per Sq. Ft.
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Description

Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity...Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1 bed/1 bath. The property is presently being utilized as a short-term rental, generating strong income potential. With multiple unit income streams & excellent revenue upside, this is a rare opportunity to acquire a high-performing investment property in the heart of Memphis. Opportunities like this don’t come around often—don’t miss your chance to secure a true cash-flowing asset. Str tenant occupied, do not disturb tenants. Drive by ONLY! No showings without an accepted contract. Make offers contingent on inspection. Don't miss this opportunity for a turnkey cashflow heavy multi-family property! Contact a local realtor and make your offer today!
  1. Listed by Jordan Ray • eXp Realty, LLC

Property Details for 1531 Court Avenue

Area
746B
MAAR Subdivision Name
COURTLAND PLACE
Legal Subdivision Name
COURTLAND PL
LISTING UPDATED: 04/19/2026 01:39 PM

Property Details for 1531 Court Avenue

StatusActive
MLS #10215994
Days on Market53
Taxes$7,779 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Triplex
Year Built1910
Lot Size0.18 AC / 7,750 SF
CountyShelby County
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Location

Listing Courtesy of eXp Realty, LLC
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Building Information for 1531 Court Avenue

Stories2Residences3Year Built1910Building Size-Lot Size0.18 AC / 7,750 SF

Payment Calculator

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$2,526 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,878

Property Taxes

$648

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1531 Court Avenue

Summary
Location and General Information
  • Address: 1531 COURT AVE
  • Address Search Number: 1531
  • Directions: Turn left toward Stage Hill Rd. Turn right onto Stage Hill Rd. Turn right onto N Germantown Rd. Take ramp onto I-40 W. Continue on Sam Cooper Blvd. Turn left onto E Parkway N. Turn right onto Poplar Ave. Turn left onto Clark Pl. Turn right onto Court Ave.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 03-05-2026
  • Geo Zoom Level: 16.00
  • Map Coordinate: B
  • MLS Map Num: Central Gardens
Taxes and HOA Information
  • Hot Water: Public Water, Public Sewer
  • LVT Date: 03-05-2026
Property
Lot Information
  • Lot Size: 50X155
  • Lot Num: 13
  • Parcel ID: 017031 00011
Property and Assessments
  • Amenities: Balcony/Patio, Wallpaper, Drapes/Curtains, Maid Service
  • Foundation: Conventional/Crawl Space, Partial Basement
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Pitched
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Cooktop/Wall Oven, Disposal, Exhaust Fan/Vent Hood, Microwave, Smoke Detector(s)
  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Dry Wall
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 1
  • Num of 2 Bedroom Units: 2
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Vinyl Siding
  • Cooling Systems: Central, 2+ Window Units per Unit
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $65,670
  • Heating Systems: Central
  • Land Sqft: 7710
  • Laundry: Washer in Unit
  • Leaseable Sqft: 2580
  • Miscellaneous Exterior: Sidewalks, Professional Landscaping, Ceiling Fan(s), Historic District
  • Operating Expenses: Management, Insurance, All Utilities, Trash Collection, Repairs/Maintenance, Taxes, License/Permits, Accounting/Legal, Services, Payroll, Advertising, Other (Call LA)
  • Parking Facility: Gravel
  • Possession: At Closing, Other (Call LA)
  • Sale Includes: Building and Land, All Furnishings, All Equipment, All Appliances, Other (See REMARKS)
  • Source Of Info: Owner, Estimated, Current Records
  • Tenant Pays: Security Deposit, Other (Call LA)
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath, 2 BR - 1+ Baths, Furnished, Some Fireplaces

Property History for 1531 Court Avenue

DateEvent & SourcePriceAppreciation
Apr 19, 2026

Price Change

MAARMLS #10215994

$373,000—
Mar 5, 2026

Price Change

MAARMLS #10215994

$375,000—
Mar 5, 2026

Listed (Active)

MAARMLS #10215994

$373,000—
DateEvent & SourcePrice
04/19/2026

Price Change

MAARMLS #10215994

$373,000
03/05/2026

Price Change

MAARMLS #10215994

$375,000
03/05/2026

Listed (Active)

MAARMLS #10215994

$373,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1531 Court Avenue

Taxable ValueLand$17,400Additions$130,200Total$147,600
Tax Record2024$9,720 ($810 / month)
Home Facts
Baths2Total Finished SqFt2,580 SqFtAbove Grade Finished SqFt2,580 SqFtStories2Lot Size7,710 SqFtStyleDuplexYear Built1910Year Renovated2000ZoningRU-3CountySHELBYAPN017-031- - -00011Fireplace TypeHas Fireplace

Schools near 1531 Court Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Bruce Elementary School
Public - PK to 5
Bellevue Junior High School
Public - 6 to 8
Central High School
Public - 9 to 12
Compass Community School Midtown Campus
Charter - 9 to 12
Rating
School
Distance
Bruce Elementary School
PublicPK to 5

Bellevue Junior High School
Public6 to 8

Central High School
Public9 to 12

Compass Community School Midtown Campus
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1531 Court Avenue, Memphis, TN 38104

1531 Court Avenue is a multi-family home for sale in Memphis, TN 38104. This property was listed for sale on March 5, 2026 by eXp Realty, LLC, it's currently listed at $373,000. It has been on the market for a total of 53 days and was last sold on August 15, 2023. This listing's school district is Shelby County Schools. Nearby schools include Bruce Elementary School, Bellevue Junior High School and Central High School. 1531 Court Avenue is a 0-bed, 0-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively 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. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.