25-Unit Apartment
New
For Sale
$1,695,000
1695 ONTARIO Ave, Memphis, TN 38127
Multi-Family, Memphis, TN
Property SizeContact for details
Days on Market3
Property Features for 1695 ONTARIO Ave
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
WILLIS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
5300
Building Details
Year built
1974
Listing Agency:
RP Newman Realty LLC
(901) 502-1823
Listed By:
Robert Newman
(901) 647-7920
Added: Oct 1
Last Checked: Oct 3 at 2:06PM
MLS# 10231501
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Memphis apartment property consists of two buildings containing 25 units: one with 16 apartments and another with 9. Each apartment has two bedrooms and one bathroom. The buildings were constructed in 1974, and all units are occupied. Current management is willing to stay on after a sale.
The properties are available together or individually. Current rents generate approximately $276,000 in annual base rental income.
The properties are available together or individually. Current rents generate approximately $276,000 in annual base rental income.
Key Highlights
- 25 apartments across two buildings: 16 units and 9 units
- All 25 units are occupied
- Each apartment has 2 bedrooms and 1 bathroom
Property Analytics
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Current Use
Lease Details
25
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
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Business Placement
Demographics for 38127, TN
40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The two residential buildings may be acquired as a package or individually, with current management prepared to continue.
Where is this apartment building located?
The property is located at 1695 ONTARIO Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 25 apartments across two buildings: 16 units and 9 units; All 25 units are occupied; Each apartment has 2 bedrooms and 1 bathroom
