About This Home

This 6-bedroom, 5-bathroom single family at 1515 MADISON Ave in Memphis, TN is listed for $380,000 ($120 per sqft). Built in 1956, the home offers 3,166 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1956
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
5 full
1956

Amenities

A/C
Listing 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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.

Monthly Cost Estimate

$2,032/mo

20% down · 6.5% · 30 years

Principal$275
Interest$1,647
Insurance$111

Estimates only. Actual payments may vary.

Location

1515 MADISON Ave

Memphis, TN 38104

HORN BROS

Features & Amenities

Exterior Features

PatioPorch

Property Details

Flooring

Tile

Outdoor Features

PatioPorch

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 6-bedroom, 5-bathroom single family at 1515 MADISON Ave is listed at $380,000 ($120/sqft). The estimated monthly payment is $2,032 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1956, 0.17 acre lot, 2 stories. Exterior Features: Patio, Porch.

This property is listed by Tyler Tapley.

TT

Tyler Tapley

Agent at Crye-Leike Realtors

Listed by Crye-Leike Realtors · Broker phone: (901) 756-8900 · View on Broker Site · Broker website

MLS# 10218072· Source: Memphis Area Association of Realtors®· 213 days on PropertySimple

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.

1515 MADISON Ave, Memphis, TN 38104

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