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$380,000
$1,900Reward *
1515 Madison Ave, Memphis, TN 38104Listing ID 10218072

1515 Madison Ave, Memphis, TN 38104

Active
Last updated: Jul 17, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Attached
Bedrooms
Bedrooms
6
Bathrooms
Bathrooms
5
Square Feet
Square Feet
3,166
Cooling
Cooling
Central
Year Built
Year Built
1956

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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.

Property Information

Property Details

Location

Address
1515 Madison Ave
City
Memphis
Zip Code
38104

Interior Features

Beds and Baths

Bedrooms
6
Full Bathrooms
5

Building

Building Information

Square Feet
3,166
Year Built
1956
Crye-Leike, Inc., REALTORS, (901) 756-8900

Market Report for 38104

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Memphis Area Association of REALTORS®
Memphis Area Association of REALTORS® logo

Some or all of the listings displayed may not belong to the firm whose website is being visited. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited. Copyright 2026 Memphis Area Association of Realtors.

For corrections to this data please contact Brytecore MLS Support.

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