1507 Oakwood St, Memphis, TN, 38108
About This Home
1507/1509 Oakwood - Turnkey Duplex Investment Opportunity Well-maintained and recently updated duplex offering immediate income potential. One side is currently rented at $775/month, and the other side is vacant with a prospective tenant expected to move in within the next couple of weeks at approximately $800/month. This property has been fixed up and is positioned for strong cash flow with minimal upfront work needed. Perfect for investors looking to add a performing asset to their portfolio or for an owner-occupant wanting to live in one side while generating rental income from the other. Great opportunity to secure a stabilized duplex with upside potential.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1964
Materials
- Construction materials: Brick Veneer
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Updated/Renovated Kit
Heating & Cooling
- Heating features: Central,Other (See Remarks)
- Cooling features: Central Air,Other (See Remarks)
Interior Area
- Total interior livable area: 1,357 sqft
Property
Details
- Parcel number: 042009 00005
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 6,000 sqft
- Features: Other (See Remarks)
- 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 | $707 | $8,484 |
| Home Insurance | $317 | $3,804 |
| Property Taxes | $113 | $1,356 |
| Electricity | $175 | $2,103 |
| Total | $1,312 | $15,744 |
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 |
|---|---|---|
| 2026-04-08 | Price change | $139,900 |
| 2026-03-03 | Listed for sale | $149,000 |
| 2022-06-17 | Sold | $137,500 |
| 2022-02-22 | Pending sale | $99,000 |
| 2022-02-22 | Listed for sale | $99,000 |
| 2012-09-10 | Sold | $25,000 |
| 2008-09-11 | Sold | $16,650 |
| 2005-12-16 | Sold | $43,000 |
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