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1515 Madison Ave, Memphis, TN 38104

$435,000
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Active
BEDS4 BATHS MLS#10218073
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHORN BROTHERS
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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. 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.

1515 Madison Ave | MLS# 10218073

This multi-family property located at 1515 Madison Ave, Memphis, TN 38104 is currently listed for sale with an asking price of $435,000. Search Memphis real estate on www.mheldic.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central
Roof Type: Shingle/Shake
Year Built: 1956

Feature Descriptions

Days on Site: 9
Floors/ Ceilings: Tile
Units: 5

Listed By / Shown By

Listed By

Agency Name: Crye-Leike, Inc., REALTORS

Shown By

Agent Name: Mihreta Heldic
Agent Phone: (270) 202-4682
Agency Title: CRYE-LEIKE Executive Realty

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Estimated Payment

$ 2,589.26 per month $2,462.39 Principal & Interest $0.00 Property Tax (data not provided by mls) $126.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 1:00:39 AM EST) or Southern Kentucky MLS (last updated Wed 04/08/2026 9:54:34 PM EST) or SCKY MLS (last updated Wed 04/08/2026 10:12:49 PM EST). Real estate listings held by brokerage firms other than CRYE-LEIKE Executive Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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