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Days39Days on Market
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$40,000

1217 Montgomery Street, Memphis, TX, 79245

$52,000 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,404 Sq Ft
DuplexDuplex
price_per_sqft$28.49 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2

Exterior

Lot Size5,009 sqft

Building Information

Year Built1930

Land Information

APN204484
Land UseResidential
Legal DescriptionDOTSON ADDITION, MEMPHIS BLOCK: 12-A E/46 2/3 OF S/100 OF 2 W 3 1 /2 OF S 100 OF 1
Census Tract950500
Assessed Land Value$650
Assessed Improvement Value$25,600
Assessment Year2025

About this property

Great investment opportunity in Memphis TX. This bricked exterior duplex offers a 1 bed 1 bath on each side with covered parking in the rear. With some TLC this could be a great long term investment. Don't wait, call today! Original main sewer line has been replaced.

Investor Tools

$0Estimated Mortgage Balance
$24,400Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$52,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Jeremias Torres

Lubbock Discount Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$37/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$319
$24,400
2025
$650
$25,600
$26,250
No

Tax History

Year
Tax Paid
Assessed Value
2022
$319
$24,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$24,400
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Memphis

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1217 Montgomery Street | Property Details | No Agent List