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1515 Madison Ave, Memphis, TN 38104

$380,000
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Featured Listing Active
BEDS6 BATHS5 full MLS#10218072
STATUSActive PROPERTY TYPEResidential - Townhouse SUBDIVISIONHORN BROTHERS NEIGHBORHOODCentral Gardens
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Property Description

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, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.

1515 Madison Ave | MLS# 10218072

This townhouse located at 1515 Madison Ave, Memphis, TN 38104 is currently listed for sale by Crye-Leike, Inc., REALTORS, with an asking price of $380,000. This property was built in 1956 and has 6 bedrooms and 5 full baths. Madison Ave is located in the HORN BROTHERS subdivision. Search HORN BROTHERS real estate on loganscheidt.crye-leike.com today.

Property Features

Property Type: Residential - Townhouse
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.17 Acres
Roof Type: Composition Shingles
Year Built: 1956

Feature Descriptions

Bed and Bath: 1 or More BR Down
Days on Site: 106
Exterior: Porch, Patio
Exterior/ Windows: Vinyl Siding
Floors/ Ceilings: Tile
Living/ Dining Room: Pantry
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 11
Water/ Sewer: Public Sewer, Public Water

Listed By / Shown By

Listed By

Agency Name: Crye-Leike, Inc., REALTORS

agent picture

Shown By

Agent Name: Logan Scheidt
Agent Phone: (901) 569-5919

Source: MAAR MLS

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Estimated Payment

$ 956.55 per month $845.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $110.83 Homeowner's Insurance

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6525 Quail Hollow Road
Memphis, TN 38120
(901) 569-5919
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/15/2026. The listing information on this page last changed on 07/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/15/2026 1:12:09 AM EST) or GAMLS (last updated Tue 07/14/2026 10:45:25 AM EST) or CARMLS (last updated Wed 07/15/2026 1:05:16 AM EST) or RCAR MLS (last updated Wed 07/15/2026 1:07:08 AM EST) or MAAR MLS (last updated Wed 07/15/2026 1:07:07 AM EST) or FMLS (last updated Tue 07/14/2026 11:33:31 PM EST) or East Tennessee REALTORS (last updated Wed 07/15/2026 12:24:39 AM EST) or RealTracs (last updated Wed 07/15/2026 12:25:34 AM EST) or Arkansas CARMLS (last updated Tue 07/14/2026 11:27:27 PM EST) or GSMAR MLS (last updated Tue 07/14/2026 9:14:35 PM EST) or Baldwin County MLS (last updated Wed 07/15/2026 1:11:10 AM EST) or Tennesse Virginia MLS (last updated Tue 07/14/2026 11:55:17 PM EST) or Emerald Coast MLS (last updated Wed 07/15/2026 12:05:22 AM EST) or Northeast Oklahoma Real Estate (last updated Tue 07/14/2026 11:23:57 PM EST) or Southern Kentucky MLS (last updated Tue 07/14/2026 9:54:44 PM EST) or SOMO MLS (last updated Tue 07/14/2026 11:58:57 PM EST) or North Georgia MLS (last updated Tue 07/14/2026 10:47:15 PM EST) or Golden Triangle MLS (last updated Wed 07/15/2026 1:10:07 AM EST) or MLS United (last updated Wed 07/15/2026 1:06:11 AM EST) or Lakeway MLS (last updated Wed 07/15/2026 1:02:09 AM EST) or Batesville MLS (last updated Wed 07/15/2026 12:00:04 AM EST) or North Central Mississippi MLS (last updated Tue 07/14/2026 9:33:24 PM EST) or Hot Springs MLS (last updated Wed 07/15/2026 12:27:40 AM EST) or Huntsville/Valley MLS (last updated Tue 07/14/2026 10:58:30 PM EST) or Shoals MLS (last updated Wed 07/15/2026 12:31:03 AM EST) or Tupelo MLS (last updated Tue 07/14/2026 11:38:52 PM EST) or NEAKBOR MLS (last updated Tue 07/14/2026 11:10:44 PM EST) or EAKBOR MLS (last updated Wed 07/15/2026 1:03:04 AM EST) or CWTAR MLS (last updated Wed 07/15/2026 12:11:43 AM EST) or NWAKBOR MLS (last updated Wed 07/15/2026 1:09:13 AM EST) or Upper Cumberland MLS (last updated Tue 07/14/2026 11:59:38 PM EST) or Hattiesburg MLS (last updated Tue 07/14/2026 10:59:17 PM EST) or Puerto Rico MLS (last updated Wed 07/15/2026 1:05:08 AM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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