For sale

$895,000

1616 Monroe Ave, Memphis, TN 38104

--beds

--baths

4,000sqft

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Multi Family

Built in 1960

-- sqft lot

$854,600 Zestimate^®

$224/sqft

$-- HOA

What's special

In-unit washer and dryersCentral hvac

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please

20 days

146

17

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Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave, Electric Water Heater
Laundry: Dryer in Unit, Washer in Unit

Features

Flooring: Tile

Interior area

Total structure area: 4,000
Total interior livable area: 4,000 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Features

Stories: 2
Fencing: Partial

Lot

Size: 7,875 Square Feet
Dimensions: 50 x 157.5

Details

Parcel number: 017039 00027

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Foundation: Slab
Roof: Pitched

Condition

Year built: 1960

Community & HOA

Community

Subdivision: Ingleside

Location

Region: Memphis

Financial & listing details

Price per square foot: $224/sqft
Annual tax amount: $12,749
Date on market: 6/18/2026
Listing terms: Conventional
Lease term: 12 Months
Total actual rent: 83100
Tenant pays: Some Utilities

Estimated market value

$854,600

$812,000 - $897,000

$1,235/mo

Price history

Date	Event	Price
6/18/2026	Listed for sale	$895,000+24.3%$224/sqft
Source: MAAR #10224276 Report a problem
12/20/2024	Sold	$720,000-7.1%$180/sqft
Source: MAAR #10171027 Report a problem
10/2/2024	Pending sale	$775,000$194/sqft
Source: MAAR #10171027 Report a problem
9/9/2024	Listed for sale	$775,000$194/sqft
Source: MAAR #10171027 Report a problem
8/16/2024	Pending sale	$775,000$194/sqft
Source: MAAR #10171027 Report a problem
8/6/2024	Price change	$775,000-2.5%$194/sqft
Source: MAAR #10171027 Report a problem
7/12/2024	Price change	$795,000-3.6%$199/sqft
Source: MAAR #10171027 Report a problem
7/1/2024	Pending sale	$825,000$206/sqft
Source: MAAR #10171027 Report a problem
5/21/2024	Price change	$825,000-4%$206/sqft
Source: MAAR #10171027 Report a problem
4/26/2024	Listed for sale	$859,000$215/sqft
Source: MAAR #10171027 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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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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