1515 MADISON AVE, Memphis, TN 38104
- 6 beds |
- 5 baths |
- 3,166 sqft
Single-Family Home 
Built in 1956 
7,405sqft lot
—— car garage 
$120/sqft 
Listed 2 months 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:
- June 25, 2026 at 5:09AM
- Listing Office:
- Crye-Leike, Inc., REALTORS : 901-756-8900
- MLS ID:
- 10218072
- 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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
