For sale

$244,700

127 Madison Ave APT 602, Memphis, TN 38103

2beds

1,500sqft

$1,652/mo

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Condominium

Built in 1908

-- sqft lot

$234,000 Zestimate^®

$163/sqft

$-- HOA

What's special

Overlooking the mississippi riverHistoric peabody hotelBreathtaking viewsOpen-concept layoutBreakfast barHigh ceilingsLarge windows

Looking for a Downtown Memphis condo that puts you close to the energy of the city while still giving you a place to come home and unwind? 127 Madison Ave #602 offers a convenient location in the heart of Memphis, TN, with easy access to restaurants, entertainment, shopping, sporting events, and major downtown attractions. If you’ve been searching for a condo in Downtown Memphis that gives you a low-maintenance lifestyle and a central location, this one is worth a look. Whether you're looking for a primary residence or a second home, this condo places you right in the middle of what makes Downtown Memphis living so appealing.

435 days

270

14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Hardwood Floor, Walk-In Closet(s)
Level: First
Area: 156
Dimensions: 12 x 13

Bedroom 2

Features: Hardwood Floor
Level: First

Primary bathroom

Features: Full Bath

Dining room

Dimensions: 0 x 0

Kitchen

Features: Kitchen Island, Washer/Dryer Connections

Living room

Features: Great Room
Area: 330
Dimensions: 11 x 30

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

Primary Down, Smooth Ceiling, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Windows: Double Pane Windows
Has fireplace: No

Interior area

Total interior livable area: 1,500 sqft

Property

Parking

Parking features: Rent Parking Space

Features

Stories: 1
Exterior features: Courtyard
Pool features: Neighborhood
Spa features: Community

Details

Parcel number: 002058A00010

Construction

Type & style

Home type: Condo
Architectural style: Traditional
Property subtype: Condominium
Attached to another structure: Yes

Condition

New construction: No
Year built: 1908

Community & HOA

Community

Features: Courtyard, On-Site Storage
Subdivision: Goodwyn Condominiums

Location

Region: Memphis

Financial & listing details

Price per square foot: $163/sqft
Tax assessed value: $343,500
Annual tax amount: $3,813
Price range: $244.7K - $244.7K
Date on market: 6/18/2025
Cumulative days on market: 436 days

Estimated market value

$234,000

$222,000 - $246,000

$1,974/mo

Price history

Date	Event	Price
3/12/2026	Price change	$244,700-4%$163/sqft
Source: MAAR #10199280 Report a problem
12/31/2025	Price change	$255,000-7.2%$170/sqft
Source: MAAR #10199280 Report a problem
7/26/2025	Price change	$274,900-3.5%$183/sqft
Source: MAAR #10199280 Report a problem
6/18/2025	Listed for sale	$285,000+54.1%$190/sqft
Source: MAAR #10199280 Report a problem
2/23/2010	Sold	$185,000$123/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,526 +18.7%	$85,875 +48.3%
2024	$3,813 +8.1%	$57,900
2023	$3,527	$57,900
2022	--	$57,900
2021	--	$57,900 +10.2%
2020	$1,679	$52,525
2019	$1,679 -21.1%	$52,525
2018	$2,127 -45.1%	$52,525
2017	$3,877 +116.7%	$52,525 -0.2%
2016	$1,789 +21.3%	$52,625
2014	$1,475	$52,625
2013	--	$52,625 +13.8%
2012	--	$46,250
2011	--	$46,250 -46.4%
2010	--	$86,250
2009	--	$86,250 +4%
2008	--	$82,900