Joe Spake, Broker
InCity Realty
2298 Young Ave.
Memphis, TN 38104
Office: 901-214-5838
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Listing 11 out of 134
$375,000 For Sale

1234 Peabody
Memphis, TN 38104

4 units | Multi Family Home - MLS# 10054543
Property Photo


Currently used as an Airbnb. 3 units are Airbnb and the 4th unit has a long term tenant paying $650 per month. Airbnb brings in between $2,000 and $4,000 per month. Airbnb income has much more potential than current owner is bringing in. 7 parking spaces. Furniture in all 3 Airbnb units remain with the property. So easy to continue Airbnb and increase the income. 4 separate meters. Each unit has central heat and air. One water meter. Washer and Dryer on 2nd Floor for all units.


  • Property Type: Multi Family Home
  • Sub Type: Fourplex
  • Listing Status: Active
  • County/Area: Shelby County
  • Zip Code: 38104
  • Year Built: 1930
  • Subdivision/Neighborhood: Annesdale Park
  • Stories: 2-Story
  • Units: 4 units
  • Lot Size: 60 X 150
  • Area: 746F
  • # 2 Bedroom Units: 4
  • # Of Buildings: 1
  • Appliances/Equipment: Refrigerator,Range/Oven (Freestanding),Disposal,Dishwasher,Microwave,Smoke Detector(s)
  • Construction: Brick,Wood/Composition,Stucco
  • Cooling Systems: Central,Electrial
  • Floors/Ceilings: Tile,Vinyl Floor,Partial Carpet,Wood Laminate Floors
  • Foundation: Partial Basement
  • Heating Systems: Central,Electrical
  • Hot Water: Electrical,Public Sewer
  • Laundry: Common Laundry
  • Lot #: 2
  • Miscellaneous Exterior: On-Site Commercial Space,Partically Fenced,Ceiling Fan(s),Historic District
  • Operating Expenses: Other (Call LA)
  • Parking Facility: More Than 1 Per Unit
  • Roof: Shingle/Shake,Roll,Pitched,Flat
  • Sale Includes: Building and Land,Some Furnishing,All Appliances,Some Appliances
  • Tenant Pays: Some Utilities,Heating,Electric
  • Total Stories: 2
  • Type Of Leases: None,Daily
  • Type Units: 2 BR - 1 Bath,2 BR - 1+ Baths,Unfurnished
Courtesy of 901 Real Estate Services

Joe Spake, Broker
InCity Realty
TN Lic. #259388

Memphis, TN 38104


Thanks, Joe for being such a great help in buying our condo! If you are considering buying or selling in Memphis, give Joe Spake a try. He knows what he is doing, knows all the people, knows all the tricks, and is very honest with you. Sometimes telling you things you may not want to hear. Joe  makes the buying process easy, explains every detail along the way, so you know exactly where you are in the process. Thanks again, Joe! dwaynebutcher
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