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1515 Madison Ave

Memphis, TN 38104
  • $435,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 10218073
$435,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

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.

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-14T00:03:21.197.
www.annasnyderhomes.com/homes/174601676
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1515 Madison Ave Memphis, TN 38104

  • Price: $435,000
  • Status: Active
  • On Site: 43 Days
  • ID#: 10218073
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Horn Brothers
County:
Shelby
Area:
Central Gardens
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.
Exterior Features

Buildings 2 Construction Vinyl Siding Foundation Other (See Remarks) Lot Size 50 X 155 Misc Exterior Wood Fence Parking Facility ConcreteEnclosed Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Tile Heating Systems Central Hot Water Public SewerPublic Water Laundry Common Laundry

Property Features

1 Bedroom Units 2 2 Bedroom Units 1 3 Bedroom Units 0 Annual City Tax 2681 Annual County Tax 2794 Assumption Other (Call LA) Efficiency Studio Units 2 Existing Financing Other (See REMARKS) Legal Subdivision Name HORN BROS Lot Number 4 Multifamily Type Other (See REMARKS) New Financing Other (Call LA) Operating Expenses InsuranceManagementTaxes Other Units 0 Possession At ClosingTenants Rights Sale Includes Building and LandSome Appliances Source Of Info LeasesRent Roll Tenant Pays Other (Call LA) Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 BathEfficiency/Studio

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-756-8900.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Anna Acosta Snyder | Centric Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-05-14T00:03:21.197.
 
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Anna Acosta Snyder | Centric Realty, LLC
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Memphis TN, 38120