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1515 MADISON AVE Memphis, TN $ 425,000
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$ 425,000 Get more info
1515 MADISON AVE
$ 425,000
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1515 MADISON AVE

Memphis, TN, 38104
$ 425,000
Bedrooms4 Baths5.0 Sq 3,166

Monthly Estimate*

$ 2,651

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Multi-Family Home for sale in Memphis, TN

for $425,000 with 4 bedrooms and 5 full baths. This 3,166 square foot home was built in 1956.

Located on vibrant Madison Avenue just steps from Overton Square, this renovated 5-unit multifamily property offers excellent rental income potential. The main house features 4 spacious units, plus a separate apartment above the garage. Major updates include 2017 renovations: new HVAC & a new roof in 2019. Several units have been modernized with updated flooring, countertops, and appliances. Added conveniences include an onsite laundry room. Call listing agent for info, do not disturb tenants.

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Multi-Family Active

Price

$ 425,000

Bedrooms

4

Full Bath

5

Property Type

Multi-Family

Taxes

$ 3,907

Style

Converted House

Year Built

1956

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10206374
Features
General
Roof Composition
Construction Wood/Composition
Status Active Active
Legal Subdivision Name HORN BROS
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry
Type Converted House
Area 746B Central Gardens
Parcel Number 017030 00004
Sale/Rent For Sale
Status Detail 0
Year Built 1956
Directions West on Madison on left before McNeil St.
City Memphis
DOM 85
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Exterior
Foundation Other (See Remarks)
Lot 4
Number of Buildings 2
Lot Size 50 X 155
Parking Facility Concrete
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Interior
Hot Water Other (See REMARKS)
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* Excluded Features
List By
Woodyard Realty Corp

Broker

Affordability Calculator

$2,977
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,651
Monthly Property Taxes
$326
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
11/17/2025$425,000 -5.56% Price Down
10/13/2025$450,000 -6.25% Price Down
9/24/2025$480,000 Listed Price

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1515 MADISON AVE, Memphis, TN, 38104 is a Multi-Family Home for sale at $425,000 with 3,166 sqft. 1515 MADISON AVE has 4 bedrooms, 5.0 baths, and was built in 1956. The property's zip code is 38104 which is in Memphis, TN

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