$435,000

1515 MADISON AVE, Memphis, TN 38104

6 beds |
5 baths |
3,166 sqft

Single-Family Home
Built in 1956
7,405sqft lot
—— car garage
$137/sqft
Listed 2 days ago

Property 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.

Listing Status:: Active
Date Added:: March 31, 2026
Data Last Updated:: April 2, 2026 at 4:47PM
Listing Office:: Crye-Leike, Inc., REALTORS : 901-756-8900
MLS ID:: 10218072

Rooms: 11
Flooring: Tile
A/C: Central
Heating: Central

General: Vinyl SidingPorchPatio
Style: Traditional
Pool: None
Parking: Driveway/Pad

Roofing: Composition Shingles
General: 2

County: Central Gardens

Zoning: 017030 00004

Water: Public SewerPublic Water
Sewer: Public SewerPublic Water

This listing courtesy of Crye-Leike, Inc., REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bruce Elementary School

581 S Bellevue Blvd, Memphis, TN, 38104

Grades PK-5

0.80 miles away

Memphis Academy of Science Engineering Middle/High

1254 Jefferson Ave, Memphis, TN, 38104

Grades 6-12

0.59 miles away

Central High School

306 S Bellevue Blvd, Memphis, TN, 38104

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.