Searching ...

245 W Person Ave , Memphis, TN 38109

$97,500

4
beds
2
baths
2001
year built

This income-producing property features multiple well- maintained improvements, making it an ideal investment opportunity. The home includes a new roof (2025). Exterior and interior paint completed within 5 years,HVAC system installed just 5 years ago. A hot water heater installed approximately 3 years ago all contributing to long term efficiency. The fully fenced yard offers privacy — with wire fencing in the front and a six-foot wood privacy fence in the rear. Inside flooring throughout, the home was updated approximately 5 years ago including ceramic tile in the den, kitchen, and bathrooms. Currently rented at 1,750 a month this turn key property is ready to generate returns day 1

  • Bedrooms
    4
  • Bathrooms
    2
  • Year Built
    2001
  • Stories
    1.0
  • Architectural Style
    Traditional
  • Garage Spaces
    1.0
  • Parking Features
    Driveway
  • Flooring
    Tile
  • Patio And Porch
    Covered, Patio
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.13


Ask a Question

preferred real estate partner

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 245 W Person Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 245 W Person Ave.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 245 W Person Ave?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 2 bath, listed for $97,500. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Memphis, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 245 W Person Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 245 W Person Ave at around $630. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 245 W Person Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Shelby County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 245 W Person Ave?

In most cases, yes. Whether 245 W Person Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Memphis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 245 W Person Ave?

We can handle that for you. Our preferred local agent specializes in residentials in Memphis and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

245 W Person Ave was listed on July 16, 2025, which means it's been on the market for 483 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2001, making it approximately 25 years old.

What is the lot size of this property?

245 W Person Ave sits on a 0.13-acre lot, which is 5,663 square feet.

What are the property taxes for 245 W Person Ave?

The most recent public record shows annual property taxes for 245 W Person Ave were approximately $902. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 245 W Person Ave still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

Popular Home Searches in Memphis, TN


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Memphis Area Association of REALTORS. All rights reserved.

Last Updated: November 11, 2026 at 04:30PM | Source: Memphis Area Association of REALTORS | MLS#: 10201607