Back to search
1616 MONROE AVE Memphis, TN $ 895,000
Share Save
$ 895,000 Get more info
1616 MONROE AVE
$ 895,000
Back to search
Recently Listed
Share Save

1616 MONROE AVE

Memphis, TN, 38104
$ 895,000
Bedrooms8 Baths8.0 Sq 4,000

Monthly Estimate*

$ 5,651

1616 MONROE AVE, Memphis, TN 38104 - Image 1
1616 MONROE AVE, Memphis, TN 38104 - Image 2
1616 MONROE AVE, Memphis, TN 38104 - Image 3
1616 MONROE AVE, Memphis, TN 38104 - Image 4
1616 MONROE AVE, Memphis, TN 38104 - Image 5
1616 MONROE AVE, Memphis, TN 38104 - Image 6
1616 MONROE AVE, Memphis, TN 38104 - Image 7
1616 MONROE AVE, Memphis, TN 38104 - Image 8
1616 MONROE AVE, Memphis, TN 38104 - Image 9
1616 MONROE AVE, Memphis, TN 38104 - Image 10
1616 MONROE AVE, Memphis, TN 38104 - Image 11
1616 MONROE AVE, Memphis, TN 38104 - Image 12
1616 MONROE AVE, Memphis, TN 38104 - Image 13
1616 MONROE AVE, Memphis, TN 38104 - Image 14
1616 MONROE AVE, Memphis, TN 38104 - Image 15
1616 MONROE AVE, Memphis, TN 38104 - Image 16
1616 MONROE AVE, Memphis, TN 38104 - Image 17
1616 MONROE AVE, Memphis, TN 38104 - Image 18
1616 MONROE AVE, Memphis, TN 38104 - Image 19
1616 MONROE AVE, Memphis, TN 38104 - Image 20
1616 MONROE AVE, Memphis, TN 38104 - Image 21
1616 MONROE AVE, Memphis, TN 38104 - Image 22
1616 MONROE AVE, Memphis, TN 38104 - Image 23
1616 MONROE AVE, Memphis, TN 38104 - Image 24

Multi-Family Home for sale in Memphis, TN

for $895,000 with 8 bedrooms and 8 full baths. This 4,000 square foot home was built in 1960.

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please

See more
Multi-Family Active

Price

$ 895,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 12,749

Style

Apartment Building

Year Built

1960

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10224276
Features
General
Roof Pitched
Construction Brick/Veneer
Status Active Active
Legal Subdivision Name INGLESIDE
Stories Count 2
County Shelby
Class Multi-Family
Laundry Y/N Dryer in Unit Washer in Unit
Type Apartment Building
Area 746B Central Gardens
Parcel Number 017039 00027
Sale/Rent For Sale
Status Detail 0
Year Built 1960
Directions Take Madison (W) to Belvedere. Go (S) on Belvedere to Monroe. Go (W) on Monroe to 1616 Monroe
City Memphis
DOM 6
See more
Exterior
Foundation Slab
Lot 14
Number of Buildings 1
Lot Size 50 X 157.5
Parking Facility Asphalt/Blacktop
See more
Interior
Hot Water Electrical
See more
* Excluded Features
List By
Crye-Leike Commercial

Broker

Affordability Calculator

$6,714
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,651
Monthly Property Taxes
$1,062
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/18/2026$775,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1616 MONROE AVE, Memphis, TN, 38104 is a Multi-Family Home for sale at $895,000 with 4,000 sqft. 1616 MONROE AVE has 8 bedrooms, 8.0 baths, and was built in 1960. The property's zip code is 38104 which is in Memphis, TN

Get more info