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1515 MADISON AVE Memphis, TN $ 435,000
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$ 435,000 Get more info
1515 MADISON AVE
$ 435,000
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1515 MADISON AVE

Memphis, TN, 38104
$ 435,000
Bedrooms4 Baths5.0 Sq 3,166

Monthly Estimate*

$ 2,678

1515 MADISON AVE, Memphis, TN 38104 - Image 1
1515 MADISON AVE, Memphis, TN 38104 - Image 2
1515 MADISON AVE, Memphis, TN 38104 - Image 3
1515 MADISON AVE, Memphis, TN 38104 - Image 4
1515 MADISON AVE, Memphis, TN 38104 - Image 5
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1515 MADISON AVE, Memphis, TN 38104 - Image 9

Multi-Family Home for sale in Memphis, TN

for $435,000 with 4 bedrooms and 5 full baths. This 3,166 square foot home was built in 1956.

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.

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Multi-Family Active

Price

$ 435,000

Bedrooms

4

Full Bath

5

Property Type

Multi-Family

Taxes

$ 5,475

Style

Year Built

1956

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10218073
Features
General
Roof Shingle/Shake
Construction Vinyl Siding
Status Active Active
Legal Subdivision Name HORN BROS
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry
Type Other (See REMARKS)
Area 746B Central Gardens
Parcel Number 017030 00004
Sale/Rent For Sale
Status Detail 0
Year Built 1956
Directions Take Exit 30 off I-65 N towards Union Ave Follow Union Ave E turn N onto S Cleveland St turn E onto Madison Ave The property will be on your R.
City Memphis
DOM 22
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Exterior
Foundation Other (See Remarks)
Lot 4
Number of Buildings 2
Lot Size 50 X 155
Parking Facility Concrete Enclosed
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Interior
Hot Water Public Sewer Public Water
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* Excluded Features
List By
Crye-Leike, Inc., Realtors

Broker

Affordability Calculator

$3,135
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,678
Monthly Property Taxes
$456
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/31/2026$435,000 Listed Price

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1515 MADISON AVE, Memphis, TN, 38104 is a Multi-Family Home for sale at $435,000 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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