1707 ONTARIO AVE Memphis, TN $ 1,295,000
1707 ONTARIO AVE
$ 1,295,000
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1707 ONTARIO AVE

Memphis, TN, 38127
$ 1,295,000
Bedrooms32 Baths16.0 Sq 27,776

Monthly Estimate*

$ 8,944

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Multi-Family Home for sale in Memphis, TN

for $1,295,000 with 32 bedrooms and 16 full baths. This 27,776 square foot home was built in 1974.

16–25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1,295,000, approximately $80,938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1,695,000—just $67,800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. Owner/Agent

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Multi-Family Active

Price

$ 1,295,000

Bedrooms

32

Full Bath

16

Property Type

Multi-Family

Taxes

$ 8,184

Style

Apartment Building

Year Built

1974

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10231495

Features
General
Roof Other (See REMARKS)
Construction Other (See Remarks)
Amenities Other (See REMARKS)
Status Active Active
Legal Subdivision Name WILLIS
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry
Type Apartment Building
Area 727C Frayser - East
Parcel Number 070088 00019C
Sale/Rent For Sale
Status Detail 0
Year Built 1974
Directions From I-40 take the Watkins St exit and head north. Turn right onto Ontario Ave and continue to 1707 Ontario Ave Memphis TN 38127.
City Memphis
DOM 7
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Exterior
Foundation Slab
Lot 45&46
Number of Buildings 1
Lot Size 0.59
Parking Facility Asphalt/Blacktop
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Interior
Hot Water Electrical
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* Excluded Features
List By
Rp Newman Realty Llc

Broker

Affordability Calculator

$9,626
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,944
Monthly Property Taxes
$682
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
10/1/2026$1,295,000 Listed Price

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1707 ONTARIO AVE, Memphis, TN, 38127 is a Multi-Family Home for sale at $1,295,000 with 27,776 sqft. 1707 ONTARIO AVE has 32 bedrooms, 16.0 baths, and was built in 1974. The property's zip code is 38127 which is in Memphis, TN