For sale

$174,950

1947 Madison Ave APT 2, Memphis, TN 38104

2beds

1,052sqft

$1,229/mo

Get pre-qualified

Condominium

Built in 1908

-- sqft lot

$167,900 Zestimate^®

$166/sqft

$-- HOA

What's special

Complete renovation in 2022, including electrical panel, hot water heater, HVAC, all new appliances, upgraded HVAC duct work (replaced with metal). Both bathrooms gutted and rebuilt, additional insulation added, all lights/fans upgraded, all door knobs/hinges replaced, all trim/walls repaired, sanded, painted. Luxury additions include heated floor and curbless shower in main bath, convection oven w/ induction cook top, custom closets with auto lighting, custom tier on tier plantation shutters w/ split tilt, soft close cabinetry in kitchen, bath, laundry room, plus under counter lighting in kitchen with dimmer adjustment. With two walls of windows, exceptional light in the primary bedroom opens the room to an outdoor feel but can be easily adjusted for sleep with the custom tier on tier plantation shutters. Great investment for short or long term rental or for parents with students at Rhodes College, UT Medical, or U of M. Perfect first home for young couple or singles.

22 days

498

45

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Features: Smooth Ceiling
Area: 156
Dimensions: 13 x 12

Bedroom 2

Area: 156
Dimensions: 13 x 12

Primary bathroom

Features: Tile Floor

Dining room

Features: Separate Dining Room
Area: 156
Dimensions: 13 x 12

Kitchen

Area: 99
Dimensions: 11 x 9

Living room

Features: Separate Living Room
Area: 192
Dimensions: 16 x 12

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Continuous Cleaning Oven, Dishwasher, Disposal, Microwave
Laundry: Laundry Room

Features

All Bedrooms Down, Full Bath Down, Half Bath Down, Other (See Remarks), Renovated Bathroom, Smooth Ceiling, Cable Wired, 1 Bath, 1/2 Bath, 2nd Bedroom, Dining Room, Kitchen, Laundry Room, Living Room, Primary Bedroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Tile
Basement: Walk-Out Access
Has fireplace: No
Common walls with other units/homes: End Unit

Interior area

Total interior livable area: 1,052 sqft

Property

Parking

Total spaces: 1
Parking features: Assigned, Gate Clickers, Gated, Storage
Covered spaces: 1

Features

Stories: 1
Patio & porch: Porch
Exterior features: Auto Lawn Sprinkler, On-Site Storage, Sidewalks
Pool features: None
Fencing: Wood Fence

Lot

Size: 6,969 Square Feet
Dimensions: 16 x 54

Details

Parcel number: 017055 00028

Construction

Type & style

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

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1908

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: On-Site Storage
Security: Burglar Alarm, Dead Bolt Lock(s), Fire Alarm, Iron Door(s), Monitored Alarm System, Security Gate, Smoke Detector(s), Wrought Iron Security Drs
Subdivision: Caroletta Condo

HOA

Services included: Exterior Insurance, Maintenance Structure, Maintenance Grounds, Management Fees, Other (See REMARKS), Parking, Reserve Fund, Some Utilities, Trash, Water/Sewer

Location

Region: Memphis

Financial & listing details

Price per square foot: $166/sqft
Tax assessed value: $109,700
Annual tax amount: $1,446
Price range: $175K - $175K
Date on market: 8/4/2026
Cumulative days on market: 22 days

Estimated market value

$167,900

$160,000 - $176,000

$1,414/mo

Price history

Date	Event	Price
8/4/2026	Listed for sale	$174,950+149.9%$166/sqft
Source: MAAR #10227580 Report a problem
12/17/2015	Sold	$70,000+11.1%$67/sqft
Source: MAAR #9964900 Report a problem
11/30/2004	Sold	$63,000$60/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,446 +12%	$27,425 +39.9%
2024	$1,291 +8.1%	$19,600
2023	$1,194	$19,600
2022	--	$19,600
2021	--	$19,600 +12%
2020	$559	$17,500
2019	$559 -21.1%	$17,500
2018	$709 -45.1%	$17,500
2017	$1,292 +257.6%	$17,500 +64.7%
2016	$361 -5.8%	$10,625
2014	$384	$10,625
2013	--	$10,625 -15%
2012	--	$12,500
2011	--	$12,500
2010	--	$12,500
2009	--	$12,500 +5.9%
2008	--	$11,800
2007	--	$11,800
2006	--	$11,800
2005	--	$11,800 -9.2%
2004	--	$13,000
2003	--	$13,000
2002	--	$13,000
2001	--	$13,000 +82.5%
2000	--	$7,125