1511 McMillan St, Memphis, TN, 38106
About This Home
Investor Special! Excellent investment opportunity in Memphis, TN featuring six single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy, offering value-add potential for investors. 125 E McKellar Ave – Vacant and ideal for an investor or owner-occupant. 2319 Shasta, 1511 McMillan, and 635 E Mallory also in portfolio. Portfolio Option: Purchase all six properties together fora total price of $600,000. This package provides flexibility for renovations, strong rental potential, and an excellent opportunity to build or expand your investment portfolio. photo digitally edited to remove items from front yard. Items in front yard will be removed. Showings available after an accepted offer.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Slab
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater,Range/Oven
Bedroom2
- Level: First
Bedroom4
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Separate Dining Room
Features
- All Bedrooms Down,Living Room,Dining Room,Kitchen,Primary Bedroom,2nd Bedroom,3rd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Wood Laminate Floors,Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 925 sqft
Kitchen
- Features: W/D Connection in Kitchen
Living Room
- Features: Separate Living Room
Master Bedroom
- Level: First
Property
Details
- Parcel number: 034029 00015
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 3,484 sqft
- Features: Level
- Lot size dimensions: 45 x 80
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
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
- Heat Wave
- Earthquake
- 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 | $606 | $7,272 |
| Home Insurance | $367 | $4,404 |
| Property Taxes | $97 | $1,164 |
| Electricity | $175 | $2,103 |
| Total | $1,245 | $14,940 |
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 |
|---|---|---|
| 2026-05-31 | Listed for sale | $120,000 |
| 2024-10-31 | Sold | $83,000 |
| 2024-09-02 | Pending sale | $110,000 |
| 2024-08-28 | Price change | $110,000 |
| 2024-07-22 | Price change | $120,000 |
| 2024-07-05 | Price change | $125,000 |
| 2024-06-19 | Listed for sale | $130,000 |
| 2022-07-11 | Sold | $103,000 |
| 2022-05-10 | Contingent | $99,000 |
| 2022-04-26 | Listed for sale | $99,000 |
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