# 1707 ONTARIO Ave, Memphis, TN 38127 > **TL;DR:** multi-family, $1,295,000 ($47/sqft), built 1974, 27,776 sqft. Est. $6,926/mo. Listed 29 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,295,000 | | Price/sqft | $47 | | Square Feet | 27,776 | | Year Built | 1974 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 29 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,548 | | Estimated Insurance | $378 | | **Total** | **$6,926** | ## Property Highlights - Built in 1974 ## Description ### Agent Description 16-25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1,295,000, approximately $80,938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1,695,000-just $67,800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. Owner/Agent ## Location - **Address:** 1707 ONTARIO Ave, Memphis, TN 38127 - **County:** Shelby - **Neighborhood:** WILLIS - **Coordinates:** 35.197233, -90.006838 - **Google Maps:** https://www.google.com/maps?q=35.197233,-90.006838 ## 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/1707-Ontario-Ave_Memphis_TN_38127_M96055-42730?f=listhub&s=MAARTN&m=10231495&c=propsimple) ## Photos ![1707 ONTARIO Ave - Photo 1](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f902667130r.jpg) ![1707 ONTARIO Ave - Photo 2](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f1232849381r.jpg) ![1707 ONTARIO Ave - Photo 3](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f37161224r.jpg) ![1707 ONTARIO Ave - Photo 4](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f3948852581r.jpg) ![1707 ONTARIO Ave - Photo 5](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f2350149689r.jpg) ![1707 ONTARIO Ave - Photo 6](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f3343372912r.jpg) ![1707 ONTARIO Ave - Photo 7](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f255255537r.jpg) ![1707 ONTARIO Ave - Photo 8](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f3616238428r.jpg) ![1707 ONTARIO Ave - Photo 9](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f1835623901r.jpg) ![1707 ONTARIO Ave - Photo 10](http://lh.rdcpix.com/5e5b5d7456a3ac0be1fa3fecb5430bc8l-f2360213685r.jpg) --- **MLS#:** 10231495 | **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/1707-ontario-ave-memphis-tn-38127-0d2fee665b1748ba81dcee9e289c8281) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1707-ontario-ave-memphis-tn-38127-0d2fee665b1748ba81dcee9e289c8281#listing", "url": "https://www.propertysimple.ai/listing/1707-ontario-ave-memphis-tn-38127-0d2fee665b1748ba81dcee9e289c8281", "name": "1707 ONTARIO Ave, Memphis, TN 38127", "description": "16-25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1,295,000, approximately $80,938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1,695,000-just $67,800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. 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