655 E McLemore Ave, Memphis, TN 38106
Property image
Property image
OFF MARKET

655 E McLemore Ave
Memphis, TN 38106

Downtown
  • Studio
  • 4,600 sqft

$147,100

Trulia Estimate
as of Aug 1, 2026
Est. Refi. Payment $947/mo*
Refinance Your Home

$147,100

Trulia Estimate
as of Aug 1, 2026
Est. Refi. Payment $947/mo*
Refinance Your Home
Studio
4,600 sqft

Local Information

  • Map ViewExplore the area around 655 E McLemore Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1936
Living Area
4,600 sqft
Price/Sqft
$32

About this House

The asset at 655 E McLemore is a four-unit value-add property. The property is currently running at a 25% occupancy, with all of the units in need of full renovations. Each unit is two bedrooms with one full bathroom. The current tenant is paying $375 a month. The market rent for this unit type is approximately $700-$800 a month. Renovations are recommended to generate the market rent which is attainable due to the location of the property.
655 E McLemore Ave, Memphis, TN 38106 is a studio, 4,600 sqft multi-family in Downtown, built in 1936. It last sold for $86,000 on Apr 16, 2024 (13% below the $99,000 asking price). It is currently off market. The Trulia Estimate is $147,100, with a rent estimate of $987/month.

Home Details for 655 E McLemore Ave

Interior Features

Interior Details
Basement: Full
Dimensions and Layout
Living Area: 4600 Square Feet
Appliances & Utilities
Laundry: Connections
Heating & Cooling
Heating: Other (See Remarks)Has CoolingAir Conditioning: Other (See Remarks)Has HeatingHeating Fuel: Other See Remarks
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: Pitched Shingle Shake
Parking & Garage
Parking: Asphalt/Blacktop

Days on Market

Cumulative Days on Market: 130

Property Information

Year Built
Year Built: 1936
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: QuadruplexArchitecture: Quadruplex
Building
Construction Materials: Brick
Property Information
Parcel Number: 025043 00004

Price & Status

Price
List Price: $99,000
Status Change & Dates
Off Market Date: Sun Apr 14 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: MemphisCommunity: Pond

Lot Information

Lot Area: 8500 sqft

Offer

Listing Terms: Other (Call LA)

Business

Expense
Tenant Pays: Electricity, Gas

Miscellaneous

BasementMls Number: 10162170Living Area Range Units: Square Feet
Last check for updates: 34 minutes ago
Listed by Traci R Braden
Braden, Braden & Braden LLC
Curtis L Braden
Braden, Braden & Braden LLC
Bought with: Curtis L Braden, Braden, Braden & Braden LLC
Source: MAAR, MLS#10162170

Price History for 655 E McLemore Ave

DatePriceEventSource
04/16/2024$86,000Sold
MAAR #10162170
12/06/2023$120,000Listed For SaleMAAR #10162170
05/04/2012$33,000Sold
MAAR #3227853
02/11/2012$35,000Listed For SaleAgent Provided

Market trends in Downtown

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$146K
$27KMoM
Sale-to-List Price
—
Price per sq ft
—
Available listings
380
38MoM
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Comparable Sales for 655 E McLemore Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
761 Richmond Ave, Memphis, TN
0.37
Multi-Family Home
$175,000
11/26/25
-
3,016
760 Richmond Ave, Memphis, TN
0.34
Multi-Family Home
$260,000
03/13/26
-
2,650
494 Walker Ave, Memphis, TN
0.42
Multi-Family Home
$180,000
05/20/26
-
2,800
412 E McLemore Ave, Memphis, TN
0.46
Multi-Family Home
$175,000
11/26/25
-
2,814
341 Gaston Ave, Memphis, TN
0.61
Multi-Family Home
$255,000
09/19/25
-
2,912
1580 Marjorie St, Memphis, TN
0.85
Multi-Family Home
$90,117
10/14/25
4
2
1,537
285 Lucy Ave, Memphis, TN
0.71
Multi-Family Home
$293,000
02/13/26
-
2,500

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 655 E McLemore Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 264 Trulia users voted on each feature.

  • 85 % Say there are sidewalks

  • 75 % Say car is needed

  • 72 % Say it's dog friendly

  • 71 % Say streets are well-lit

  • 64 % Say it's walkable to restaurants

  • 64 % Say there's holiday spirit

  • 60 % Say parking is easy

  • 56 % Say yards are well-kept

  • 47 % Say it's quiet

  • 45 % Say kids play outside

  • 43 % Say neighbors are friendly

  • 43 % Say they plan to stay for at least 5 years

  • 39 % Say people would walk alone at night

  • 38 % Say it's walkable to grocery stores

  • 37 % Say there are community events

  • 22 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Samantha Dahmer
    "Private schools or public in the suburbs for parents moving from out of state to the Memphis area. School buses are about the only public transit. "
    0
    Flag
  • Trulia User
    "Little grass to walk and lots of speeding cars not paying attention to lights pedestrians and animals "
    0
    Flag
  • Samantha Dahmer
    "Public schools outside of Memphis are great, surrounding suburbs. If you live in Memphis city limits, try private schools."
    0
    Flag
  • Trulia User
    "There are different things the children can play, parks, you can go downtown and the pretty lights on different cars, prowlers, you can go riding on school buses for entertainment, here music with different lights on the bus, Beal street is open. There plenty of security around the city. When it is dark keep your children close to your side and enjoy yourselves."
    2
    Flag
  • Trulia User
    "The neighborhood seems very nice. Everything was clean. The houses very organized. The grass was nice. The mail ran on time. The people seemed to be very friendly. Also there was not any Home owners association fees. Everybody seemed to a gravitational community."
    9
    Flag
  • Jeremy F.
    "We have a variety of Festivals and events that celebrate the culture of the south. There are live music, great food, and games to play."
    6
    Flag
  • Lonneystar
    "People are friendly and willing to offer directions or information about the area. There are many stores and restaurants nearby. "
    1
    Flag
  • Alan B.
    "Dog park and parks are nearby. It is very walkable to most parks. There does however, seem to be an abundance of dog waste left around the city"
    2
    Flag
  • Emma L.
    "There is a giant, nice new dog park with a space for large dogs and a space for smaller dogs. There’s a little by river walk that’s wide enough for you to pass another dog, and tons of grass for them to run around in."
    5
    Flag
  • Alyssa R.
    "St Jude marathons, close to downtown, uptown, midtown, cooper young, Overton square area which have events monthly"
    2
    Flag
  • Shannon F.
    "Mississippi River views- quiet, privacy. Feeling of security and community amongst all neighbors. Neighbors are friendly. "
    2
    Flag
  • Juantena J.
    "I like where I live...a lot of places are very close. I can walk to the grocery store and Walgreens. I'm not use to living in the "City" so hearing the police sirens and ambulances too, I've gotten use to it"
    4
    Flag
  • Luh C.
    "Be strong and take care of what need to be done as in responsibility. Provide strive for greatness. "
    3
    Flag
  • Ebony C.
    "Not sure because I don’t own any pets and have no desire to do so. However there is a dog park downtown and other park areas "
    2
    Flag
  • Parker R.
    "Heavy traffic area, not awesome for walking your dog. Taking your dog down by the river is nice though, which is a short-ish walk away or a very short drive."
    1
    Flag
  • Hunny P.
    "Right by the river. Peaceful and calm environment. If you do get bored, night life is right around the corner. You get it all without sacrificing the peace and ambience "
    29
    Flag
  • Chloe S.
    "12 minutes to midtown. Not terrible traffic really. 5 minutes to West Memphis, AR. Roads are very easy to navigate"
    2
    Flag
  • Hunny P.
    "Accessible to parks and events. Quiet even though it is next to the street. Dog parks around the corner, food and grocery around the corner. You can take peaceful walks on the bridge. Amazing view"
    1
    Flag
  • Jaimie W.
    "Walking around or using a scooter down town, particularly south main is safe. Outside park areas available. "
    0
    Flag
  • Becky L. B.
    "South main arts district and business constantly expanding the area so our downtown can grow. Is residential in a downtown atmosphere. "
    18
    Flag
  • Murrellneal48
    "Dogs always have fun being walked by there owner. So to make a long story short. They are always very happy to be walked by there owner. And play with children."
    0
    Flag
  • Chauncey R.
    "My commute is pretty decent. I’m in the middle of everything and really don’t have to leave the house. The only downside is there is no grocery store in the area."
    1
    Flag
  • Danielle R.
    "Trolley nights on Main Street are very popular. Farmers market on Saturday mornings, new initiatives on Beale street landing on the river"
    0
    Flag
  • Goldmike99
    "Love living downtown good people not great for kids. Dog walkers is are all over and people are so friendly."
    9
    Flag
  • Goldmike99
    "A lot of people walk there dogs downtown and plenty of small places. Also small dog parks local in the area."
    0
    Flag
  • Evans.bran
    "It’s actually great for dog owners as long as they are leashed. There is plenty of places to walk them."
    0
    Flag
  • Alyssa R.
    "close to downtown, hospitals, Mississippi River, Overton Square, Midtown, Cooper Young, West Memphis, "
    3
    Flag
  • Elijah D.
    "One of the safest areas of downtown. Living next to the river is a huge plus and wonderful for children and those with pets. Bugs are a problem though if you don’t mind them too much "
    8
    Flag
  • Gayle M.
    "My neighborhood is fun and has a lot of great restaurants & entertainment nearby. But it can be sketchy after dark."
    0
    Flag
  • De-Mi W.
    "Great family environment! Great grocery store, school, restaurants and much more! The scenery is so beautiful! "
    0
    Flag
  • Norton2352
    "Lots of dog walkers- shops and cool nightlife- young people like the area- low crime rate- close to my church and my daughters family "
    1
    Flag
  • Niyungeko J.
    "It is important as a parents to chose an area that's safe for the kids to play without having to worry about anything. An area that's close to the park and it's safe. Also do house shopping wuth kids and get kids views of the houses as it will give you an ideas and add your ideas and their ideas to compromise"
    0
    Flag
  • Brian C.
    "Extremely easy access to the interstate so most trips are only 20-25 minutes. New traffic light at Georgia and Riverside makes the left turn a breeze to make now."
    0
    Flag
  • rae h
    "The traffic is bad 7-9am and 4-6pm which is typical everywhere. but any other time is pretty quiet but there is almost never parking anywhere. ever."
    0
    Flag
  • Tylersmith1031
    "I love downtown Memphis; it’s nice up incoming area. It’s exciting seeing Memphis become America’s next modernized renovated big city right before my eyes. "
    0
    Flag
  • JohnnyG
    "I've lived in this neighborhod for over three years and I've never had a problem. The people are nice and friendly I I feel safe walking at night."
    12
    Flag
  • Lisa A. D.
    "Close to the River, close to the bluffs, Secure, gated, some noise from special events or some weekends for the most part it is quite"
    0
    Flag

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Homes for sale near 655 E McLemore Ave

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Off Market Homes Near 655 E McLemore Ave

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