1515 Madison Ave, Memphis, TN 38104
- $380,000
- 6
- BD
- 5
- BA
- List Price
- $380,000
- Status
- ACTIVE
- MLS#
- 10218072
- Price Change
- ▼ $45,000 1781289555
- Bedrooms
- 6
- Bathrooms
- 5
- Lot Size
- 50 X 155
Property Description
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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.
/u.realgeeks.media/groomeco/80A47C59-046D-46CD-9C72-A24626F920A1.jpeg)
Additional Information
- Acres
- 0.17
- Annual City Tax
- 2681
- Annual County Tax
- 2794
- Cooling
- Central
- Exterior
- Porch, Patio
- Exterior Windows
- Vinyl Siding
- Floors Ceilings
- Tile
- Heating
- Central
- Legal Subdivision
- Horn Bros
- Living Dining Kitchen
- Pantry
- Lot
- 4
- Lot Description
- Level
- Lot Size
- 50 X 155
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Roof
- Composition Shingles
- Stories
- 2
- Style
- Traditional
- Subdivision
- HORN BROTHERS
- Subtype
- Attached Single Family
- Water Sewer
- Public Water, Public Sewer
- Year Built
- 1956
Mortgage Calculator
Listing courtesy of Crye-Leike, Inc., REALTORS.
Some or all of the listings displayed may not belong to the firm whose website is being visited
Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.