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Listing Detail - Nashville Home and Farms

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Memphis, TN 38104 1515 MADISON AVE

$425,000

1515 MADISON AVE Memphis, TN - Image 11515 MADISON AVE Memphis, TN - Image 21515 MADISON AVE Memphis, TN - Image 3
4 more
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Presented By: Crye-Leike, Inc., REALTORS
  • MLS# 10218073
  • 03/31/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 5
  • SQFT • 3,166

Home Details

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.
Presented By: Crye-Leike, Inc., REALTORS

Interior Features for 1515 MADISON AVE

Bedrooms

# 1 Bedroom Units2
# 2 Bedroom Units1
# 3 Bedroom Units

Other Interior Features

Total # of Units5
# Efficiency/Studio Units2
# Other Units
FLOORS/CEILINGSTile
Hot WaterPublic Sewer, Public Water

General for 1515 MADISON AVE

Annual City Tax2681
Annual County Tax2794
Area746B
AreaCentral Gardens
COOLING SYSTEMSCentral
CityMemphis
ClassMulti-Family
ConstructionVinyl Siding
CountyShelby
DOM71
DirectionsTake 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.
HEATING SYSTEMSCentral
Laundry Y/NCommon Laundry
Legal Subdivision NameHORN BROS
OPERATING EXPENSESManagement, Insurance, Taxes
Parcel Number017030 00004
RoofShingle/Shake
Sale/RentFor Sale
Service TypeFull Service Listing
StatusActive
StatusActive
Status Detail0
TypeOther (See REMARKS)
Year Built1956

Exterior for 1515 MADISON AVE

FoundationOther (See Remarks)
Lot4
Lot Size50 X 155
MISCELLANEOUS EXTERIORWood Fence
Number of Buildings2
Parking FacilityConcrete, Enclosed

Additional Details

Price History

Anthony Martin

Agent | Owner
Price $425,000
MLS#10218073
List Date 03/31/2026
Property Type Multi-Family
Phone (731) 616-9391
Request Tour
Request Info
Visit My Website

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