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
For sale
$895,000
1616 Monroe Ave, Memphis, TN 38104
--beds
--baths
4,000sqft
Multi Family
Built in 1960
-- sqft lot
$865,000 Zestimate®
$224/sqft
$-- HOA
What's special
In-unit washer and dryersCentral hvac
- 93 days
- 105
- 6
Zillow last checked:
Listing updated:
Listed by:
Jeffrey B Moore,
Crye-Leike Commercial 901-758-5670
Source: MAAR,MLS#: 10224276
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave, Electric Water Heater
- Laundry: Washer in Unit, Dryer 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
- Cumulative days on market: 93 days
- Listing terms: Conventional
- Lease term: 12 Months
- Total actual rent: 83100
- Tenant pays: Some Utilities
Estimated market value
$865,000
$822,000 - $908,000
$1,251/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
Est. payment
Payment breakdown
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Neighborhood: Central Gardens
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