For sale

Price cut: $45K (6/12)

$380,000

1515 Madison Ave, Memphis, TN 38104

6beds

3,166sqft

$2,542/mo

Get pre-qualified

Single Family Residence

Built in 1956

7,405 Square Feet Lot

$374,800 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.

156 days
124
3

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: 156 days

Estimated market value

$374,800

$356,000 - $394,000

$3,920/mo

Price history

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