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1515 MADISON AVE, Memphis, TN 38104

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
1515 MADISON AVE,Memphis, TN 38104
$435,000
  • 6 Beds
  • - Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: tyler tapley, monica bynum
Office: crye-leike, inc., realtors
MLS#:10218072
Source:TN_MAAR

Price summary

  • Price:$435,000

About this home

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. There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. 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). 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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Home facts

  • Year built:1956
  • Listing ID #:10218072
  • Added:2 day(s) ago
  • Updated:April 03, 2026 at 10:47 AM

Rooms and interior

  • Bedrooms:6
  • Full bathrooms:5
  • Rooms Total:11
  • Flooring:Tile
  • Bathrooms Description:1 or More BR Down
  • Kitchen Description:Pantry

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1956
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Vinyl Siding
  • Exterior Features:Patio, Porch
  • Levels:2 Story

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$435,000
  • Tax amount:$5,475

Parking

  • Parking description:Driveway/Pad
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