1695 Ontario Ave, Memphis, TN 38127

$1,695,000
Add to Favorites Request Information Schedule Showing Schedule Virtual Tour New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

View on Map Request Info Add to Favorites Schedule Showing Schedule Virtual Tour
List Price
$1,695,000
MLS#
10231501
Property Type
Multifamily
Lot Size
85 X 175
Status
ACTIVE
Contact Us Call Us View on Map New Search

901-465-7172

Property Description

25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents. Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.

901-465-7172
Contact Us
Schedule Virtual Tour
Schedule Showing
Search All Properties

Additional Information

Actual Annual Rent
235000
Annual City Tax
5200
Annual County Tax
5300
Annual Insurance Expense
7300
Construction
Other (See Remarks)
Foundation
Other (See Remarks)
Hot Water
Electrical
Legal Subdivision
Willis
Lot
44&EPT43
Lot Size
85 X 175
New Financing
Other (Call LA)
Occupancy
100
Parking Facility
Asphalt/Blacktop
Roof
Other (See REMARKS)
Subdivision
WILLIS
Subtype
Apartment Complex
Tenant Pays
Other (Call LA)
Year Built
1974
Request Info Schedule Showing Schedule Virtual Tour Add to Favorites
Add to Favorites Request Information Schedule Showing New Search

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RP Newman Realty LLC.

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.