16-Unit Apartment
New
For Sale
$1,295,000
1707 ONTARIO Ave, Memphis, TN 38127
Multi-Family, Memphis, TN
Property Size27,776 SF
Price / SF$46.62
Days on Market3
Property Features for 1707 ONTARIO Ave
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
WILLIS
Standard status
Active
Size
27,776 SF
Taxes and HOA fees
Tax Annual Amount
4177
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# 10231495
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 16-unit apartment property contains 27,776 square feet and was built in 1974. Each apartment has two bedrooms. Significant renovations were completed in 2022, and the building is fully occupied. Existing property management is available to continue after a sale.
A separate adjoining 9-unit building at 1695 Ontario can also be acquired as part of a combined 25-unit offering.
A separate adjoining 9-unit building at 1695 Ontario can also be acquired as part of a combined 25-unit offering.
Key Highlights
- 16 apartments, each with two bedrooms
- 27,776 square feet; built in 1974
- Significant renovations completed in 2022
Property Analytics
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Current Use
Lease Details
16
Residential units
100%
Occupancy
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 - All residences have two bedrooms, and significant renovations were completed in 2022.
Where is this apartment building located?
The property is located at 1707 ONTARIO Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 16 apartments, each with two bedrooms; 27,776 square feet; built in 1974; Significant renovations completed in 2022
