1535 Gaither St, Unit 14

Memphis, TN 38106

$275,000
Price
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a view of a house with a yard and a garage
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Description

Four-Unit Multifamily Investment Opportunity Excellent value-add opportunity with this 4-unit multifamily property. One unit is currently occupied, generating $750 per month in rental income. The remaining three units are vacant and ready for renovation, offering significant upside potential. All units have wall heat and mini-split style A/C. Market rent comps support projected rents of approximately $800 per unit once rehabbed. Ideal for investors looking to add value through renovations and increase...Four-Unit Multifamily Investment Opportunity Excellent value-add opportunity with this 4-unit multifamily property. One unit is currently occupied, generating $750 per month in rental income. The remaining three units are vacant and ready for renovation, offering significant upside potential. All units have wall heat and mini-split style A/C. Market rent comps support projected rents of approximately $800 per unit once rehabbed. Ideal for investors looking to add value through renovations and increase long-term cash flow. This an attractive opportunity for buy-and-hold or portfolio expansion. Seller will consider owner financing as an option.
  1. Listed by James Johnson • Crestcore Realty, LLC

Property Details for 1535 Gaither Street, Unit 14

Area
747B
MAAR Subdivision Name
Greenland Heights
Legal Subdivision Name
Greenland Heights
LISTING UPDATED: 01/12/2026 07:24 PM

Property Details for 1535 Gaither Street, Unit 14

StatusActive
MLS #10212733
Days on Market19
Taxes$2,608 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1970
Lot Size0.17 AC / 7,500 SF
CountyShelby County

Location

Listing Courtesy of Crestcore Realty, LLC
Add your commute

Building Information for 1535 Gaither Street, Unit 14

Stories2Residences4Year Built1970Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$1,558 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,340

Property Taxes

$217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1535 Gaither Street, Unit 14

Summary
Location and General Information
  • Address: 1535 GAITHER ST
  • Address Search Number: 1535
  • Directions: Traveling West on I-240, Take I-240 North, exit East at South Parkway East, exit 28B. Take a left, travel West on College St, turn right & head North on Kerr Ave, Turn left (West) onto Gaither St, turn Left (South) onto Mississippi Blvd, turn R on Gaither
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 01-13-2026
  • Geo Zoom Level: 16.00
  • Map Coordinate: B
  • MLS Map Num: South Memphis/61 Hwy
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 01-12-2026
Property
Lot Information
  • Lot Size: 7500
  • Parcel ID: 034060 00037
Property and Assessments
  • Amenities: Other (See REMARKS)
  • Foundation: Slab
  • Percent Occupancy: 25
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Flat
Interior Features
  • Appliances / Equipment: Other (See REMARKS)
  • Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 4
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: Must Qualify
  • Construction: Brick
  • Cooling Systems: Other (See Remarks)
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $3,200
  • Heating Systems: Wall Heat
  • Laundry: None
  • Miscellaneous Exterior: Other (See Remarks)
  • Operating Expenses: Insurance, Management, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: At Closing
  • Sale Includes: All Equipment, Building and Land, No Appliances, No Furnishings
  • Source Of Info: Current Records, Leases, Rent Roll, Survey/Plat
  • Tenant Pays: All Utilities, Pet Depost, Security Deposit
  • Type Units: 2 BR - 1 Bath, Unfurnished

Property History for 1535 Gaither Street, Unit 14

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

MAARMLS #10212733

$275,000—
Jan 1, 2026

Temporarily Off Market

MAARMLS #10206832

—
Oct 1, 2025

Listed (Active)

MAARMLS #10206832

$275,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

MAARMLS #10212733

$275,000
01/01/2026

Temporarily Off Market

MAARMLS #10206832

—
10/01/2025

Listed (Active)

MAARMLS #10206832

$275,000

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

Schools near 1535 Gaither Street, Unit 14

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
A B Hill Elementary School
Public - PK to 5
Riverview Middle School
Public - PK to 8
Hamilton High School
Public - 9 to 12
Circles of Success Learning Academy
Charter - K to 5
Rating
School
Distance
A B Hill Elementary School
PublicPK to 5

Riverview Middle School
PublicPK to 8

Hamilton High School
Public9 to 12

Circles of Success Learning Academy
CharterK to 5

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 1535 Gaither Street, Unit 14, Memphis, TN 38106

1535 Gaither Street, Unit 14 is a multi-family home for sale in Memphis, TN 38106. This property was listed for sale on January 12, 2026 by Crestcore Realty, LLC, it's currently listed at $275,000. This listing's school district is Shelby County Schools. Nearby schools include A B Hill Elementary School, Riverview Middle School and Hamilton High School. 1535 Gaither Street, Unit 14 is a 0-bed, 0-bath, multi-family home built in 1970.

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 Crestcore 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.