$238 Closing Credit¹
#10195484, Listing office: Coldwell Banker Collins-Maury
$25,000 List price
1557 Preston Ave Memphis, TN 38106
$297
Closing credit¹
3 beds
1 full
0.2 acres
House
Property details
About 1557 Preston Ave
Investor Special! Large home that is being offered at a great price. Property needs repairs but could be worth a lot of money once fixed up. Home has a nice floor plan, hardwood floors, fireplace, and huge kitchen. ONLINE VIDEO AVAILABLE UPON REQUEST. Please go view the house and then make your offer with no inspection or financing contingencies. Seller is not interested in owner financing, subject to, or creative financing offers...cash only. Immediate possession available. This could be a great long term rental or primary residence once rehabbed. Seller won't turn on utilities or make repairs.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.18 Acres
Year built1912
ParkingOther (See REMARKS)
MLS #10200004
Summary
- Full Bathrooms: 1
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 3
- Parking: Other (See REMARKS)
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Other
- Cooling: Other
- List Price: $25,000
- Lot: Level
- Directions: From S Prkwy E, S on Preston, home on L
- Year Built: 1912
- Stories: 1
- Lot Size: 0.18 Acres
- MLS Number: 10200004
- Office Name: Crye-Leike, Inc., REALTORS
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 4:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$25,000
1557 Preston Ave
$297
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.4 mi
•345 E Olive Ave
3
Alton Elementary School
Public District PK-5
1.0 mi
•2020 Alton Ave
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.0 mi
•90 W Olive Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,978. The most common annual income of people living in Memphis, TN is less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
62%
<35k
36%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
62%
Single, No Kids
21%
Single, with Kids
10%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
44%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing- UFC
Where do the neighbors shop?
Big Lots
Burlington
Family Dollar
Where do the neighbors go to eat?
Golden Corral
Popeyes
White Castle
What do the neighbors drive?
Kia
Dodge
Chevrolet
What do the neighbors listen to?
Adult Standards
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
$356 Closing Credit¹
#10196318, Listing office: Keller Williams
$416 Closing Credit¹
#10198209, Listing office: Keller Williams
$416 Closing Credit¹
#10193313, Listing office: eXp Realty, LLC
$202 Closing Credit¹
#10198215, Listing office: Keller Williams
$1,603 Closing Credit¹
#10188031, Listing office: The Bailey Company Realty, Inc
$534 Closing Credit¹
#10192385, Listing office: BenchMark REALTORS, LLC
$463 Closing Credit¹
#10196185, Listing office: Tri-Leake Realty
$471 Closing Credit¹
#10197457, Listing office: Good Shepherds Realty & Invest
4 days on Rocket
$1,330 Closing Credit¹
#10199647, Listing office: Crye-Leike, Inc., REALTORS
Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 1557 Preston Ave
The listing price of 1557 Preston Ave property is $25,000.
The property 1557 Preston Ave is a house located in Memphis, Tennessee, 38106.
Active Listing: 1557 Preston Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1557 Preston Ave are: A. B. Hill Elementary School (GreatSchools Rating 3/10), Alton Elementary School (GreatSchools Rating 3/10), Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Riverview School (GreatSchools Rating 3/10), Cummings School (GreatSchools Rating 4/10), Carver College and Career Academy (GreatSchools Rating 1/10), Hollis F. Price Middle College (GreatSchools Rating 5/10), Soulsville Charter School (GreatSchools Rating 3/10).
The property at 1557 Preston Ave has 3 bedrooms and 1 bathroom.
The year of construction for 1557 Preston Ave is 1912.
This home is located at 1557 Preston Ave in Memphis, TN and zip code 38106. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $25,000.
In May 2025, from all listings sold in Memphis, TN there were more than 70 sold above asking price, over 263 sold below and more than 110 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between April and May 2025 increased by 11.3%. In May 2025, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $220,000.
From Rocket Homes Real Estate and based on county public records data.