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For sale
    • Price cut: $45K (6/12)
    $380,000

    1515 Madison Ave, Memphis, TN 38104

    6beds
    3,166sqft
    : 
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    Single Family Residence
    Built in 1956
    7,405 Square Feet Lot
    $375,600 Zestimate®
    $120/sqft
    $-- HOA

    What's special

    Updated flooringGated parkingOn site laundry facility
    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.
    110 days
    |
    111
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Tapley,

    Crye-Leike, Inc., REALTORS 901-756-8900,

    Monica N Bynum,

    Crye-Leike, Inc., REALTORS

    Source: MAAR,MLS#: 10218072MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 5
      Primary bedroom
      • Dimensions: 0 x 0
      Dining room
      • Dimensions: 0 x 0
      Kitchen
      • Features: Pantry
      Living room
      • Dimensions: 0 x 0
      Den
      • Dimensions: 0 x 0
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • 1 or More BR Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Tile
      • Has fireplace: No
      Interior area
      • Total interior livable area: 3,166 sqft

      Property

      Parking
      • Parking features: Driveway/Pad
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Porch, Patio
      • Pool features: None
      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 50 x 155
      • Features: Level
      Details
      • Parcel number: 017030 00004

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding
      • Roof: Composition Shingles
      Condition
      • New construction: No
      • Year built: 1956

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Horn Bros
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $120/sqft
      • Annual tax amount: $5,475
      • Price range: $380K - $380K
      • Date on market: 3/31/2026
      • Cumulative days on market: 111 days

        Estimated market value

        $375,600

        $357,000 - $394,000

        $3,357/mo

        Price history

        DateEventPrice
        6/12/2026Price change$380,000-10.6%$120/sqft
        Source: MAAR #10218072 Report a problem
        6/8/2026Price change$425,000-2.3%$134/sqft
        Source: MAAR #10218072 Report a problem
        3/31/2026Listed for sale$435,000+2.4%$137/sqft
        Source: MAAR #10218072 Report a problem
        2/6/2026Listing removed$425,000$134/sqft
        Source: MAAR #10206374 Report a problem
        11/17/2025Price change$425,000-5.6%$134/sqft
        Source: MAAR #10206374 Report a problem
        10/13/2025Price change$450,000-6.3%$142/sqft
        Source: MAAR #10206374 Report a problem
        9/24/2025Listed for sale$480,000+1.1%$152/sqft
        Source: MAAR #10206374 Report a problem
        11/9/2023Sold$475,000-2.1%$150/sqft
        Source: MAAR #10146305 Report a problem
        10/5/2023Contingent$485,000$153/sqft
        Source: MAAR #10146305 Report a problem
        9/5/2023Price change$485,000-2.8%$153/sqft
        Source: MAAR #10146305 Report a problem
        6/5/2023Price change$499,000-13.2%$158/sqft
        Source: MAAR #10146305 Report a problem
        4/20/2023Listed for sale$575,000+296.6%$182/sqft
        Source: MAAR #10146305 Report a problem
        3/25/2016Sold$145,000$46/sqft
        Source: MAAR #9968720 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        87 / 100
        Very Walkable
        39 / 100
        Some Transit
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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