261 Keel Ave, Memphis, TN, 38107
About This Home
261 Keel is an 8-unit multifamily property featuring all 2-bedroom units. Each unit includes central heat and essential appliances: stove, refrigerator, washer, and dryer. Located just north of St. Jude in the growing Uptown area. The property offers scheduled monthly income of $6,570. An attractive opportunity for investors seeking stable rental income near Downtown Memphis. Please do not disturb residents — drive by only.
Getting Around
Somewhat Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1968
Materials
- Foundation: Slab
- Roof: Pitched,Shingle/Shake
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Range/Oven (Freestanding),Electric Water Heater
- Laundry features: Dryer in Unit,Washer in Unit
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Central
- Cooling features: 1 Window Unit per Unit
Interior Area
- Total structure area: 5,616
- Total interior livable area: 5,616 sqft
Property
Details
- Parcel number: 001084 00001C
Features
- Stories: 2
Lot
- Lot size: 0.34 Acres
- Lot size dimensions: 98.750 x 148.5
Parking
- Parking features: Asphalt/Blacktop,Concrete
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,004 | $48,048 |
| Home Insurance | $768 | $9,216 |
| Property Taxes | $640 | $7,680 |
| Electricity | $456 | $5,475 |
| Total | $5,868 | $70,416 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $792,000 |
| 2026-03-03 | Listing removed | $860 |
| 2025-10-26 | Listed for rent | $860 |
| 2023-07-30 | Listing removed | -- |
| 2023-07-26 | Listed for rent | $830 |
| 2023-07-12 | Listing removed | -- |
| 2023-06-28 | Listed for rent | $850 |
| 2022-07-10 | Listing removed | -- |
| 2022-07-08 | Listed for rent | $800 |
| 2021-06-07 | Listing removed | -- |
| 2021-05-20 | Listed for rent | $690 |
| 2021-02-21 | Listing removed | -- |
| 2021-01-31 | Listed for rent | $660 |
| 2020-12-06 | Listing removed | $640 |
| 2020-11-14 | Listed for rent | $640 |
| 2020-07-02 | Listing removed | $625 |
| 2020-06-27 | Listed for rent | $625 |
| 2020-05-03 | Listing removed | $595 |
| 2020-04-26 | Listed for rent | $595 |
| 2019-02-28 | Listing removed | $525 |
| 2019-02-10 | Listed for rent | $525 |
| 2018-11-22 | Listing removed | $500 |
| 2018-09-13 | Listed for rent | $500 |
| 2018-05-22 | Listing removed | $500 |
| 2018-04-20 | Listed for rent | $500 |
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