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For sale
    • Price cut: $2K (2/10)
    $120,500

    706 Lester St, Memphis, TN 38112

    2beds
    1,092sqft
    : 
    Duplex
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $110/sqft
    $-- HOA

    What's special

    Turnkey rental in Binghampton ready to be added to your portfolio! 1br units each side, one side leased for $599 from 02/2026-02/2027 and other side $600 from 03/2026-03/2027! Minutes away from Overton Park, tons of shopping, dining and amenities along Summer and Broad Ave, also easy access to I-40. Please don’t disturb tenants and make all offers contingent upon inspection.
    165 days
    |
    173
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 28, 2026 at 05:20am

    Listed by:

    Duane J Kinnard,

    Tri-Leake Realty 901-323-1246

    Source: MAAR,MLS#: 10208258MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas, Wall Furnace
      Cooling
      • 1 Window Unit per Unit, 2+ Window Units per Unit
      Appliances
      • Included: Gas Water Heater
      Features
      • Updated/Renovated Kit
      • Flooring: Vinyl
      Interior area
      • Total interior livable area: 1,092 sqft

      Property

      Parking
      • Parking features: Driveway/Pad
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 8,050 Square Feet
      • Dimensions: 70 x 115
      • Features: Some Trees, Corner Lot
      Details
      • Parcel number: 052064 00016

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Duplex
      Materials
      • Brick Veneer
      • Roof: Composition Shingles
      Condition
      • Year built: 1950

      Community & HOA

      Community
      • Subdivision: Summer Avenue
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $110/sqft
      • Tax assessed value: $69,900
      • Annual tax amount: $1,078
      • Date on market: 10/22/2025
      • Cumulative days on market: 165 days
      • Listing terms: Conventional,Other (See Remarks)
      • Lease term: 12 Months
      • Total actual rent: 1198
      • Tenant pays: All Utilities
      Get pre-qualifiedBe ready to make an offer.
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,047/mo

        Price history

        Price history
        DateEventPrice
        3/24/2026Listing removed$650$1/sqft
        Source: Zillow Rentals Report a problem
        2/10/2026Price change$120,500-1.6%$110/sqft
        Source: MAAR #10208258 Report a problem
        1/7/2026Listed for rent$650+8.5%$1/sqft
        Source: Zillow Rentals Report a problem
        12/9/2025Price change$122,500-2%$112/sqft
        Source: MAAR #10208258 Report a problem
        10/22/2025Listed for sale$125,000+5%$114/sqft
        Source: MAAR #10208258 Report a problem
        5/21/2025Listing removed$119,000$109/sqft
        Source: MAAR #10195914 Report a problem
        5/5/2025Listed for sale$119,000+9.2%$109/sqft
        Source: MAAR #10195914 Report a problem
        4/30/2025Listing removed$599$1/sqft
        Source: Zillow Rentals Report a problem
        1/23/2025Listing removed$109,000$100/sqft
        Source: MAAR #10177472 Report a problem
        12/10/2024Price change$109,000-3.5%$100/sqft
        Source: MAAR #10177472 Report a problem
        11/11/2024Price change$599-11.3%$1/sqft
        Source: Zillow Rentals Report a problem
        10/17/2024Price change$113,000-2.6%$103/sqft
        Source: MAAR #10177472 Report a problem
        10/15/2024Listed for rent$675$1/sqft
        Source: Zillow Rentals Report a problem
        7/23/2024Listed for sale$116,000+17.5%$106/sqft
        Source: MAAR #10177472 Report a problem
        6/7/2024Sold$98,700+97.4%$90/sqft
        Source: Public Record Report a problem
        3/12/2024Sold$50,000-44.4%$46/sqft
        Source: MAAR #10161314 Report a problem
        2/20/2024Contingent$90,000$82/sqft
        Source: MAAR #10161314 Report a problem
        12/12/2023Price change$90,000-10%$82/sqft
        Source: MAAR #10161314 Report a problem
        12/4/2023Price change$100,000-4.8%$92/sqft
        Source: MAAR #10161314 Report a problem
        11/28/2023Price change$105,000-8.7%$96/sqft
        Source: MAAR #10161314 Report a problem
        11/27/2023Price change$115,000-4.2%$105/sqft
        Source: MAAR #10161314 Report a problem
        11/21/2023Price change$120,000-7.7%$110/sqft
        Source: MAAR #10161314 Report a problem
        11/20/2023Listed for sale$130,000+828.6%$119/sqft
        Source: MAAR #10161314 Report a problem
        10/7/2016Sold$14,000-45.9%$13/sqft
        Source: MAAR #9980150 Report a problem
        6/23/2016Listed for sale$25,900+72.7%$24/sqft
        Source: Hayes Homes and Realty, Inc #9980150 Report a problem
        2/22/2002Sold$15,000$14/sqft
        Source: Public Record Report a problem
        8/16/2000Sold$15,000-50.7%$14/sqft
        Source: Public Record Report a problem
        9/9/1999Sold$30,400-24.2%$28/sqft
        Source: Public Record Report a problem
        1/9/1997Sold$40,100$37/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$1,474 +36.8%$27,960 +70.9%
        2024$1,077 +8.1%$16,360
        2023$997 $16,360
        2022-- $16,360
        2021-- $16,360 +32.4%
        2020$395 $12,360
        2019$395 -21.1%$12,360
        2018$501 -45.1%$12,360
        2017$912 +101.4%$12,360 -7.2%
        2016$453 -31.6%$13,320
        2014$662 $13,320
        2013-- $13,320 -35.8%
        2012-- $20,760
        2011-- $20,760
        2010-- $20,760
        2009-- $20,760 +22.4%
        2008-- $16,960
        2007-- $16,960
        2006-- $16,960
        2005-- $16,960 -6.8%
        2004-- $18,200
        2003-- $18,200
        2002-- $18,200
        2001-- $18,200 +18.2%
        2000-- $15,400

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $674/mo
        Principal & interest
        $578
        Property taxes
        $96
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          Climate risks

          Neighborhood: Berclair-Highland Heights

          Getting around

          54 / 100
          Somewhat Walkable
          33 / 100
          Some Transit
          79 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating

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