Address
1515 Madison Ave, Memphis, TN
Price
$ 380,000
Property Attributes
- MLS#10218072
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaCentral Gardens
- NeighborhoodHORN BROTHERS
- Zip38104
- StyleTraditional
- Year Built1956
- Taxes$ 5475
- Price$ 380,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3166
- Lot Size0.17 Acres
Data Source:
Memphis MLS (MAAR)
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.
| Price History | |
|---|---|
| 3/31/2026 | Listed $435,000 |
| 6/9/2026 | 3$425,000 |
| 6/12/2026 | 11$380,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Full Baths | 5 |
| Legal Subdivision Name | HORN BROS |
| Style | Traditional |
| Stories Count | 2 |
| County | Shelby |
| Class | Residential |
| Type | Attached Single Family |
| Condo | No |
| Area | 746B |
| Parcel Number | 017030 00004 |
| Status | Active |
| Annual City Tax | 2681 |
| Annual County Tax | 2794 |
| Sale/Rent | For Sale |
| Area | Central Gardens |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1956 |
| Directions | Take Exit 30 off I-65 N towards Union Ave,Follow Union Ave E,turn N onto S Cleveland St,turn E onto Madison Ave,The property will be on your R. |
| City | Memphis |
| DOM | 170 |
Interior Features
| Living Room | Pantry |
|---|---|
| Beds | 6 |
| Total Baths | 5 |
| Number of Rooms | 11 |
| FLOORS/CEILINGS | Tile |
Exterior Features
| Pool | None |
|---|---|
| Lot | 4 |
| Lot Size Area | 0.17 |
| Water & Sewer | Public Sewer,Public Water |
| Lot Size | 50 X 155 |
| Parking Display | No |
| Lot Description | Level |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Vinyl Siding |
| Misc. Exterior | Porch,Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38104
Price
Taxes
Year Built
Visits
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