# 1515 MADISON Ave, Memphis, TN 38104

> **TL;DR:** 6bd/5ba single family, $435,000 ($137/sqft), built 1956, 3,166 sqft.
> A/C. Est. $1,885/mo. Listed 62 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $435,000 |
| Price/sqft | $137 |
| Bedrooms | 6 |
| Bathrooms | 5 full |
| Square Feet | 3,166 |
| Year Built | 1956 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 62 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,885 |
| **Total** | **$1,885** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1956
- 0.17 acre lot
- 2 stories

## Description

### Agent 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. 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.

## Location

- **Address:** 1515 MADISON Ave, Memphis, TN 38104
- **County:** Shelby
- **Neighborhood:** HORN BROS
- **Coordinates:** 35.138133, -90.010868
- **Google Maps:** https://www.google.com/maps?q=35.138133,-90.010868

## Listing Agent

- **Name:** Tyler Tapley
- **Brokerage:** Crye-Leike, Inc., REALTORS
- **Phone:** 9018711290
- **Email:** tylertapley@gmail.com

## Primary Photo

![1515 MADISON Ave - Primary Photo](http://lh.rdcpix.com/1fc8ede0b17c683f4f71a7dafc7d552al-f3405086933r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/1515-madison-ave-memphis-tn-38104-10218072)*

---

**MLS#:** 10218072 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1515-madison-ave-memphis-tn-38104-10218072)

---

## Structured Data

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