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- Description
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Hot
Street View
$380,000
Monthly Est:$1,891
-- Bed
-- Bath
3,166sqft
1515 Madison Ave, Memphis, TN 38104
$380,000
$1,891/moEst:
Get Pre-Approved
Multi Family
Built in 1956
$-- HOA
-- sqft lot
$120/sq.ft
Description
Location! Location! Location! Mins from Midtown and Downtown. DON'T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.
- Houzeo last checked: 5 minutes ago
- Listing updated: September 25, 2026 at 2:59 pm
- Listing Provided by: Tyler Tapley (901) 871-1290 | Crye-Leike, Inc., REALTORS (901) 756-8900
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10218073
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
3,166 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10218073
MLS Status
Active
Days on Market
215
Cumulative Days on Market
178
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Flooring
Tile
Cooling
Central
Heating
Central
Construction
Year Built
Year Built: 1956
Home type
Multi Family
Foundation Details
Other (see Remarks)
Roof
Shingle/shake
Construction Materials
Vinyl Siding
Utilities & Energy
Laundry Features
Common Laundry
Parking Features
Concrete, Enclosed
Other Features
Tenant Pays
Other (call La)
Subdivision Name
Horn Brothers
Price History
| Date | Event | Price |
|---|---|---|
06/12/2026 Source: | Price Decreased | $380,000 -10.59% $120/sqft |
06/09/2026 Source: #10218072 | Listed for Sale | $425,000 $134/sqft |
01/12/2026 Source: | Off Market | $425,000 -10.53% $134/sqft |
11/10/2023 Source: | Price Increased | $475,000 +227.59% $150/sqft |
03/26/2016 Source: | Sold | $145,000 $46/sqft |
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Based on information from the Memphis Area Association of REALTORS(R) (alternatively, from the Memphis Area Association of REALTORS® MLS) through Nov 01, 2026, 07:45AM. The information provided is for the consumer's personal, noncommercial 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 website is being visited. Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. 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 consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. © 2025 Memphis Area Association of REALTORS®. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.
