$380,000

$2,040 est/mo Sourced by Back At You

1515 Madison Ave,Memphis, TN 38104

Memphis, TN 38104

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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.

Details

MLS #	10218072
Listing Type	For Sale
Style	Duplex
Sub-Type	Resale
Status	Active
Year	1956
Days On Site	173
Listing Provided By	Crye-Leike, Inc., REALTORS \| Tyler Tapley

Features

Bed(s)	6
Bath(s)	5 Total
Story(s)	2
Acreage	0.17
Property View	Level

Interior

Number Of Rooms	11
Cooling	Central
Heating	Central

Exterior

Roof	Composition Shingles
Lot Description	Level

Area Information

State	TN
County	Shelby
City	Memphis
Zip Code	38104
Area	Central Gardens
Subarea	746B
Community Name	HORN BROTHERS
Listing VS Median (in HORN BROTHERS)
Price: $380,000 low \| high Med: $0 On site: 173 low \| high Med:

Sourced by Back At You

Market Activity 38104

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Aug 2026	Sales: 3	Avg $ Per SqFt: $	Min Sale Price: $70,000	Max Sale Price: $315,500	Med Sale Price: $165,000
Date: Jul 2026	Sales: 5	Avg $ Per SqFt: $	Min Sale Price: $64,900	Max Sale Price: $486,000	Med Sale Price: $255,000
Date: Jun 2026	Sales: 14	Avg $ Per SqFt: $	Min Sale Price: $46,000	Max Sale Price: $850,000	Med Sale Price: $275,000
Date: May 2026	Sales: 21	Avg $ Per SqFt: $	Min Sale Price: $25,000	Max Sale Price: $1,175,000	Med Sale Price: $329,000
Date: Apr 2026	Sales: 34	Avg $ Per SqFt: $	Min Sale Price: $40,000	Max Sale Price: $856,500	Med Sale Price: $277,500
Date: Mar 2026	Sales: 26	Avg $ Per SqFt: $	Min Sale Price: $140,000	Max Sale Price: $695,000	Med Sale Price: $333,525
Date: Feb 2026	Sales: 16	Avg $ Per SqFt: $170.12	Min Sale Price: $35,000	Max Sale Price: $620,000	Med Sale Price: $369,000
Date: Jan 2026	Sales: 16	Avg $ Per SqFt: $211.15	Min Sale Price: $140,000	Max Sale Price: $615,000	Med Sale Price: $281,198
Date: Dec 2025	Sales: 7	Avg $ Per SqFt: $197.52	Min Sale Price: $118,000	Max Sale Price: $475,000	Med Sale Price: $339,000
Date: Nov 2025	Sales: 20	Avg $ Per SqFt: $159.45	Min Sale Price: $57,000	Max Sale Price: $579,000	Med Sale Price: $282,000
Date: Oct 2025	Sales: 23	Avg $ Per SqFt: $154.78	Min Sale Price: $31,500	Max Sale Price: $800,000	Med Sale Price: $355,000
Date: Sep 2025	Sales: 13	Avg $ Per SqFt: $155.11	Min Sale Price: $51,000	Max Sale Price: $610,000	Med Sale Price: $250,000

Sourced by Back At You

Aug 2026
Sales:	3
Avg $ Per SqFt:	$
Min Sale Price:	$70,000
Max Sale Price:	$315,500
Med Sale Price:	$165,000
Jul 2026
Sales:	5
Avg $ Per SqFt:	$
Min Sale Price:	$64,900
Max Sale Price:	$486,000
Med Sale Price:	$255,000
Jun 2026
Sales:	14
Avg $ Per SqFt:	$
Min Sale Price:	$46,000
Max Sale Price:	$850,000
Med Sale Price:	$275,000
May 2026
Sales:	21
Avg $ Per SqFt:	$
Min Sale Price:	$25,000
Max Sale Price:	$1,175,000
Med Sale Price:	$329,000
Apr 2026
Sales:	34
Avg $ Per SqFt:	$
Min Sale Price:	$40,000
Max Sale Price:	$856,500
Med Sale Price:	$277,500
Mar 2026
Sales:	26
Avg $ Per SqFt:	$
Min Sale Price:	$140,000
Max Sale Price:	$695,000
Med Sale Price:	$333,525
Feb 2026
Sales:	16
Avg $ Per SqFt:	$170.12
Min Sale Price:	$35,000
Max Sale Price:	$620,000
Med Sale Price:	$369,000
Jan 2026
Sales:	16
Avg $ Per SqFt:	$211.15
Min Sale Price:	$140,000
Max Sale Price:	$615,000
Med Sale Price:	$281,198
Dec 2025
Sales:	7
Avg $ Per SqFt:	$197.52
Min Sale Price:	$118,000
Max Sale Price:	$475,000
Med Sale Price:	$339,000
Nov 2025
Sales:	20
Avg $ Per SqFt:	$159.45
Min Sale Price:	$57,000
Max Sale Price:	$579,000
Med Sale Price:	$282,000
Oct 2025
Sales:	23
Avg $ Per SqFt:	$154.78
Min Sale Price:	$31,500
Max Sale Price:	$800,000
Med Sale Price:	$355,000
Sep 2025
Sales:	13
Avg $ Per SqFt:	$155.11
Min Sale Price:	$51,000
Max Sale Price:	$610,000
Med Sale Price:	$250,000

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Contact

Learn More About This Property

Marc Oppenhuizen

KAIZEN Realty

TN Lic# 248090 | MS Lic# B-13063 (901) 482-4400 marc@mropenhouse.com

State	TN
County	Shelby
City	Memphis
Zip Code	38104
Area	Central Gardens
Subarea	746B
Community Name	HORN BROTHERS
Listing VS Median (in HORN BROTHERS)
Price: $380,000 low \| high Med: $0 On site: 173 low \| high Med:

Sourced by Back At You

Nearby Listings (Within 1/10 mile)

Price: $285K - $475K

sqft: 0 - 0

Nearby Listings Property Image	Nearby Listings Details
	$380,000 1515 Madison Ave Memphis, TN 38104
	$324,999 1517 Court Ave Memphis, TN 38104

Listing Updated: September 18, 2026 at 12:20:57 PM PDT

1515 Madison Ave,Memphis, TN 38104

Memphis, TN 38104

Description

Details

Features

Interior

Exterior

Area Information

Market Activity 38104

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Request a showing

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Additional Information

Showing Information

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Marc Oppenhuizen

KAIZEN Realty

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$380,000

$324,999

Marc Oppenhuizen - KAIZEN Realty

1515 Madison Ave,Memphis, TN 38104

Memphis, TN 38104

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Description

Details

Features

Interior

Exterior

Area Information

Market Activity 38104

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Marc Oppenhuizen

KAIZEN Realty

Contact

Additional Information

Submit Form

Attachments

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$380,000

$324,999

Marc Oppenhuizen - KAIZEN Realty