Address
1515 Madison Ave, Memphis, TN
Price
$ 380,000
Property Attributes
- MLS#10218072
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaCentral Gardens
- NeighborhoodHORN BROTHERS
- Zip38104
- StyleTraditional
- Year Built1956
- Taxes$ 5475
- Price$ 380,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3166
- Lot Size0.17 Acres
Data Source:
Memphis MLS (MAAR)
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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.
| Price History | |
|---|---|
| 3/31/2026 | Listed $435,000 |
| 6/9/2026 | 3$425,000 |
| 6/12/2026 | 11$380,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Full Baths | 5 |
| Legal Subdivision Name | HORN BROS |
| Style | Traditional |
| Stories Count | 2 |
| County | Shelby |
| Class | Residential |
| Type | Attached Single Family |
| Condo | No |
| Area | 746B |
| Parcel Number | 017030 00004 |
| Status | Active |
| Annual City Tax | 2681 |
| Annual County Tax | 2794 |
| Sale/Rent | For Sale |
| Area | Central Gardens |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1956 |
| Directions | Take Exit 30 off I-65 N towards Union Ave,Follow Union Ave E,turn N onto S Cleveland St,turn E onto Madison Ave,The property will be on your R. |
| City | Memphis |
| DOM | 170 |
Interior Features
| Living Room | Pantry |
|---|---|
| Beds | 6 |
| Total Baths | 5 |
| Number of Rooms | 11 |
| FLOORS/CEILINGS | Tile |
Exterior Features
| Pool | None |
|---|---|
| Lot | 4 |
| Lot Size Area | 0.17 |
| Water & Sewer | Public Sewer,Public Water |
| Lot Size | 50 X 155 |
| Parking Display | No |
| Lot Description | Level |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Vinyl Siding |
| Misc. Exterior | Porch,Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38104
Price
Taxes
Year Built
Visits
Copyright © 2026 Memphis Area Association of REALTORS®. 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 not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
MLS United® - All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
