2305 MADISON Ave, Memphis, TN 38104
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 1:06 pm
Property Features for 2305 MADISON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
- Standard status
- Active
- Size
- 3,940 SF
Taxes and HOA fees
- Tax Annual Amount
- 3859
Building Details
- Year built
- 1925
- Architectural style
- Other
Listing agent Linda Sowell (901) 277-4380
Listing office Sowell, Realtors 54 S Cooper St, Memphis, TN (901) 278-4380
Listing date Jun 15, 2026
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.
HighLights
- 1925‑built Midtown duplex
- Fully occupied; no showings until contract acceptance (do not disturb tenants)
- Unit layout includes 4 bedrooms and 3 bathrooms
Overview
The property is located in Midtown and is described as being within walking distance to Overton Square and Overton Park. That proximity may appeal to tenants who want to live near established neighborhood destinations and outdoor recreation.
For buyers, the practical appeal of this asset is the immediate occupancy status, with tenants already in place and unit availability not contingent on re-leasing. This can reduce near-term operational steps compared to properties requiring vacant unit turnover. For owner-occupants, the duplex layout can also allow for flexible living arrangements while maintaining rental income from the second unit. Please note that all inquiries should respect the “no showings until contract acceptance” instruction, as access is restricted to protect tenant privacy and ongoing operations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $12.84 |
| − Vacancy | −$3.1k | −$0.79 |
| EGI | $47.5k | $12.05 |
| − OpEx | −$14.2k | −$3.61 |
| NOI | $33.2k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.984577
- Latitude
- 35.13571
