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901-465-7172
Real Estate Company
1707 Ontario Ave, Memphis, TN 38127
- $1,295,000
- List Price
- $1,295,000
- MLS#
- 10231495
- Property Type
- Multifamily
- Lot Size
- 0
- Status
- ACTIVE
Property Description
16–25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1,295,000, approximately $80,938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1,695,000—just $67,800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. Owner/Agent
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Additional Information
- Actual Annual Rent
- 146065
- Annual City Tax
- 4007
- Annual County Tax
- 4177
- Annual Insurance Expense
- 4728
- Construction
- Other (See Remarks)
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Willis
- Lot
- 45&46
- Lot Size
- 0
- New Financing
- Other (Call LA)
- Occupancy
- 100
- Parking Facility
- Asphalt/Blacktop
- Roof
- Other (See REMARKS)
- Stories
- 2
- Subdivision
- WILLIS
- Subtype
- Apartment Building
- Tenant Pays
- Other (Call LA)
- Year Built
- 1974
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Listing courtesy of RP Newman Realty LLC.
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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.