About This Home

This 0-bedroom, 0-bathroom multi-family at 1695 ONTARIO Ave in Memphis, TN is listed for $1,695,000. Built in 1974, on a N/A lot.

Key Features

  • Built in 1974

Property Details

1974
Listing Description

25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents.

Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.

Monthly Cost Estimate

$9,065/mo

20% down · 6.5% · 30 years

Principal$1,226
Interest$7,345
Insurance$494

Estimates only. Actual payments may vary.

Location

1695 ONTARIO Ave

Memphis, TN 38127

WILLIS

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1695 ONTARIO Ave is listed at $1,695,000. The estimated monthly payment is $9,065 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1974.

This property is listed by Robert Newman.

RN

Robert Newman

Agent at RP Newman Realty

Listed by RP Newman Realty · Broker phone: (901) 502-1823 · View on Broker Site · Broker website

MLS# 10231501· Source: Memphis Area Association of Realtors®· 26 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.

1695 ONTARIO Ave, Memphis, TN 38127

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