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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
$380,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tyler tapley, monica bynum
Office: crye-leike, inc., realtors
MLS#:10218073
Source:TN_MAAR

Price summary

  • Price:$380,000

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. 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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Home facts

  • Year built:1956
  • Subdivision & Development:HORN BROTHERS
  • Listing ID #:10218073
  • Added:217 day(s) ago
  • Updated:November 04, 2026 at 02:12 PM

Rooms and interior

  • Total bathrooms:5
  • Flooring:Tile

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Roof:Shingle/Shake
  • Year built:1956
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$380,000
  • Tax amount:$5,475
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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