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About This Home
This 6-bedroom, 5-bathroom single family at 1515 MADISON Ave in Memphis, TN is listed for $435,000 ($137 per sqft). Built in 1956, the home offers 3,166 sqft of living space on a 0.17 acres lot.
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, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.
Key Features
- Built in 1956
- 0.17 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,326/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1515 MADISON Ave
Memphis, TN 38104
HORN BROS
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 6-bedroom, 5-bathroom single family at 1515 MADISON Ave is listed at $435,000 ($137/sqft). The estimated monthly payment is $1,885 based on 20% down at 6.5% interest.
Key features include: Built in 1956, 0.17 acre lot, 2 stories. Exterior Features: Porch, Patio.
This property is listed by Tyler Tapley and can be reached at 9018711290 or tylertapley@gmail.com.
