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1515 Madison Ave

Memphis, TN 38104
  • $450,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 10206374
UPDATED: 156 min ago
$450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Located on vibrant Madison Avenue just steps from Overton Square, this renovated 5-unit multifamily property offers excellent rental income potential. The main house features 4 spacious units, plus a separate apartment above the garage. Major updates include 2017 renovations: new HVAC & a new roof in 2019. Several units have been modernized with updated flooring, countertops, and appliances. Added conveniences include an onsite laundry room. Call listing agent for info, do not disturb tenants.

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© 2025 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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-11-17T00:03:12.423.
www.redsearealtyco.com/homes/168218194
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1515 Madison Ave Memphis, TN 38104

  • Price: $450,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 156 min ago
  • MLS #: 10206374
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Horn Brothers
County:
Shelby
Area:
Central Gardens
Property Description
Located on vibrant Madison Avenue just steps from Overton Square, this renovated 5-unit multifamily property offers excellent rental income potential. The main house features 4 spacious units, plus a separate apartment above the garage. Major updates include 2017 renovations: new HVAC & a new roof in 2019. Several units have been modernized with updated flooring, countertops, and appliances. Added conveniences include an onsite laundry room. Call listing agent for info, do not disturb tenants.
Exterior Features

Buildings 2 Construction Wood/Composition Foundation Other (See Remarks) Lot Size 50 X 155 Parking Facility Concrete Roof Composition

Interior Features

Appliances Equipment Other (See REMARKS) Cooling Systems Other (See Remarks) Floors And Ceilings Other (See Remarks) Heating Systems Other (See Remarks) Hot Water Other (See REMARKS) Laundry Common Laundry

Property Features

1 Bedroom Units 2 2 Bedroom Units 1 3 Bedroom Units 0 Annual City Tax 1896 Annual County Tax 2011 Assumption Other (Call LA) Efficiency Studio Units 2 Existing Financing Other (See REMARKS) Legal Subdivision Name HORN BROS Lot Number 4 Multifamily Type Converted House New Financing Other (Call LA) Operating Expenses Other (Call LA) Other Units 0 Possession At Closing Sale Includes Building and Land Source Of Info Owner Tenant Pays Other (Call LA) Type Of Leases Other (Call LA) Type Of Units 1 BR - 1 Bath2 BR - 1 BathEfficiency/Studio

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Woodyard Realty Corp: 901-767-1998.



© 2025 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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-11-17T00:03:12.423.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654