# 1695 ONTARIO Ave, Memphis, TN 38127 > **TL;DR:** multi-family, $1,695,000, built 1974. Est. $9,065/mo. Listed 31 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,695,000 | | Year Built | 1974 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 31 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,571 | | Estimated Insurance | $494 | | **Total** | **$9,065** | ## Property Highlights - Built in 1974 ## Description ### Agent 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. ## Location - **Address:** 1695 ONTARIO Ave, Memphis, TN 38127 - **County:** Shelby - **Neighborhood:** WILLIS - **Coordinates:** 35.197229, -90.007233 - **Google Maps:** https://www.google.com/maps?q=35.197229,-90.007233 ## Listing Agent - **Name:** Robert Newman - **Brokerage:** RP Newman Realty - **Broker Phone:** (901) 502-1823 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1695-Ontario-Ave_Memphis_TN_38127_M81473-93153?f=listhub&s=MAARTN&m=10231501&c=propsimple) ## Photos ![1695 ONTARIO Ave - Photo 1](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f1510878153r.jpg) ![1695 ONTARIO Ave - Photo 2](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f902667130r.jpg) ![1695 ONTARIO Ave - Photo 3](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f1232849381r.jpg) ![1695 ONTARIO Ave - Photo 4](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f2360213685r.jpg) ![1695 ONTARIO Ave - Photo 5](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f2350149689r.jpg) ![1695 ONTARIO Ave - Photo 6](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f3343372912r.jpg) ![1695 ONTARIO Ave - Photo 7](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f255255537r.jpg) ![1695 ONTARIO Ave - Photo 8](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f3948852581r.jpg) ![1695 ONTARIO Ave - Photo 9](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f1835623901r.jpg) ![1695 ONTARIO Ave - Photo 10](http://lh.rdcpix.com/bb19ce4583309bf5b5d1515ffa9b1158l-f3616238428r.jpg) --- **MLS#:** 10231501 | **Updated:** 2026-10-20 **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.ai/listing/1695-ontario-ave-memphis-tn-38127-a25f26a62f36428fbea8cb4473af494d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1695-ontario-ave-memphis-tn-38127-a25f26a62f36428fbea8cb4473af494d#listing", "url": "https://www.propertysimple.ai/listing/1695-ontario-ave-memphis-tn-38127-a25f26a62f36428fbea8cb4473af494d", "name": "1695 ONTARIO Ave, Memphis, TN 38127", "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. 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