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Solid 3 bedroom, 2 bath investment property, offered as a turnkey investment. A long-term tenant is currently in place on a month-to-month lease, paying $1,073/month, delivering immediate cash flow from close with no vacancy or lease-up period. Property will not be shown until an offer is accepted — buyer to underwrite on rent roll and photos, with inspection contingency as needed. Cash or conventional financing only; no creative financing (no seller financing, subject-to, wraps, or lease-options will be considered). Highlights: 3 bed / 2 bath Long-term tenant in place, month-to-month Current rent: $1,073/month No showings prior to accepted offer Cash or conventional financing only — no creative financing

Highlights

  • Residential
  • Single Family Residence
  • Built in 1928
  • 1 Car Garage
  • 50 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1928
  • Stories
    1.0
  • Architectural Style
    Traditional
  • Construction Materials
    Brick Veneer
  • Garage Spaces
    1.0
  • Parking Features
    Driveway
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Central

  • Lot Features
    Level

  • Area
    South Memphis/61 Hwy
  • County
    Shelby
  • City
    Memphis
  • Neighborhood
    Longview Heights 1st Add Blk 239
  • Zip Code
    38106

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Frequently Asked Questions

How do I schedule a tour of 538 E Mckellar 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 538 E Mckellar 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 538 E Mckellar Ave?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $89,900. 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 538 E Mckellar 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 538 E Mckellar Ave at around $618. 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 538 E Mckellar 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 538 E Mckellar Ave?

In most cases, yes. Whether 538 E Mckellar 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 538 E Mckellar 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.

What is the price per square foot for this home?

This home is listed at $89,900 with 1,615 sqft of space—that comes out to approximately $56 per square foot.

How long has this property been on the market?

538 E Mckellar Ave was listed on September 22, 2026, which means it's been on the market for 50 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 1928, making it approximately 98 years old.

What are the property taxes for 538 E Mckellar Ave?

The most recent public record shows annual property taxes for 538 E Mckellar Ave were approximately $1,282. 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 538 E Mckellar Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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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 09:20AM | Source: Memphis Area Association of REALTORS | MLS#: 10230880