1621 Oakwood St, Memphis, TN, 38108
About This Home
Discover an outstanding investment opportunity with this fully renovated duplex at 1621 & 1623 Oakwood Street in Memphis! Whether you're looking to expand your rental portfolio or invest in an income-producing property, this move-in-ready duplex checks all the boxes. Both units have been beautifully updated with fresh interior and exterior paint, luxury vinyl plank flooring, new kitchen cabinets, countertops, sinks, lighting, and new water heaters. The bathrooms feature new vanities, toilets, fixtures, and updated finishes, while new closet shelving adds extra storage. Each unit offers a spacious great room, kitchen, two bedrooms, and one full bath. Major improvements include a new roof and windows (2024/2025), storm doors, and a new front porch, providing peace of mind for years to come. With modern updates throughout and low-maintenance features, this turnkey duplex is ready for tenants and an excellent addition to any real estate investment portfolio.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Composition Shingles
- Construction materials: Wood/Composition
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Duplex
Interior
Appliances
- Appliances included: Disposal,Electric Water Heater
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Sprayed Ceiling,Great Room,Updated/Renovated Kit,Square Feet Source:AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Door features: Storm Door(s)
- Window features: Window Treatments
- Flooring: Wood Laminate Floors
- Attic: Attic Access
Heating & Cooling
- Heating features: Other (See Remarks)
- Cooling features: Other (See Remarks)
Interior Area
- Total interior livable area: 1,151 sqft
Property
Details
- Parcel number: 042006 00007
Features
- Stories: 1
- Pool features: None
- Patio & porch: Porch
- Fencing: Chain Link
Lot
- Lot size: 6,000 sqft
- Features: Level,Some Trees
- Lot size dimensions: 40 x 150
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 | $758 | $9,096 |
| Home Insurance | $340 | $4,080 |
| Property Taxes | $121 | $1,452 |
| Electricity | $175 | $2,103 |
| Total | $1,394 | $16,728 |
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 |
|---|---|---|
| 2026-06-29 | Listed for sale | $150,000 |
| 2021-03-24 | Listing removed | -- |
| 2016-12-07 | Listing removed | $28,000 |
| 2016-08-09 | Listed for sale | $28,000 |
| 2008-06-06 | Sold | $7,000 |
| 2007-05-16 | Sold | $27,200 |
| 2005-10-27 | Sold | $66,000 |
| 2004-07-30 | Sold | $56,000 |
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