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Listing Detail - Nashville Home and Farms

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Memphis, TN 38104 1616 MONROE AVE

$895,000

1616 MONROE AVE Memphis, TN - Image 11616 MONROE AVE Memphis, TN - Image 21616 MONROE AVE Memphis, TN - Image 3
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Presented By: Crye-Leike Commercial
  • MLS# 10224276
  • 06/18/2026
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 8
  • SQFT • 4,000

Home Details

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please
Presented By: Crye-Leike Commercial

Interior Features for 1616 MONROE AVE

Bedrooms

# 1 Bedroom Units8
# 2 Bedroom Units
# 3 Bedroom Units

Other Interior Features

Total # of Units8
Improved SqFt4000
# Efficiency/Studio Units0
# Other Units
FLOORS/CEILINGSTile
Hot WaterElectrical

General for 1616 MONROE AVE

Annual City Tax5654
Annual County Tax7095
Annual Insurance Expenses4510
Annual Operating Expenses21920
Area746B
AreaCentral Gardens
COOLING SYSTEMSCentral
CityMemphis
ClassMulti-Family
ConstructionBrick/Veneer
CountyShelby
DOM
DirectionsTake Madison (W) to Belvedere. Go (S) on Belvedere to Monroe. Go (W) on Monroe to 1616 Monroe
HEATING SYSTEMSCentral
Laundry Y/NWasher in Unit, Dryer in Unit
Legal Subdivision NameINGLESIDE
OPERATING EXPENSESInsurance, Some Utilities, Repairs/Maintenance, Taxes
Parcel Number017039 00027
Percent Occupancy100
RoofPitched
Sale/RentFor Sale
Service TypeFull Service Listing
StatusActive
StatusActive
Status Detail0
Stories Count2
TypeApartment Building
Year Built1960

Exterior for 1616 MONROE AVE

FoundationSlab
Land SqFt7875
Lot14
Lot Size50 X 157.5
MISCELLANEOUS EXTERIORPartically Fenced
Number of Buildings1
Parking FacilityAsphalt/Blacktop

Additional Details

Price History

Anthony Martin

Agent | Owner
Price $895,000
MLS#10224276
List Date 06/18/2026
Property Type Multi-Family
Phone (731) 616-9391
Request Tour
Request Info
Visit My Website

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