1695 ONTARIO AVE Memphis, TN $ 1,695,000
1695 ONTARIO AVE
$ 1,695,000
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1695 ONTARIO AVE

Memphis, TN, 38127
$ 1,695,000
Bedrooms50 Baths25.0

Monthly Estimate*

$ 11,707

1695 ONTARIO AVE, Memphis, TN 38127 - Image 1
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Multi-Family Home for sale in Memphis, TN

for $1,695,000 with 50 bedrooms and 25 full baths. This home was built in 1974.

25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents. Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.

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Multi-Family Active

Price

$ 1,695,000

Bedrooms

50

Full Bath

25

Property Type

Multi-Family

Taxes

$ 10,500

Style

Apartment Complex

Year Built

1974

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10231501

Features
General
Roof Other (See REMARKS)
Construction Other (See Remarks)
Amenities Other (See REMARKS)
Status Active Active
Legal Subdivision Name WILLIS
County Shelby
Class Multi-Family
Laundry Y/N Common Laundry
Type Apartment Complex
Area 727C Frayser - East
Parcel Number 070088 00018
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 Other (See Remarks)
Lot 44&EPT43
Number of Buildings 2
Lot Size 85 X 175
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

$12,582
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,707
Monthly Property Taxes
$875
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$1,695,000 Listed Price

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1695 ONTARIO AVE, Memphis, TN, 38127 is a Multi-Family Home for sale at $1,695,000. 1695 ONTARIO AVE has 50 bedrooms, 25.0 baths, and was built in 1974. The property's zip code is 38127 which is in Memphis, TN