12-Unit Brick Apartment
For Sale
Contact for pricing
1500 Madison Avenue, Memphis, TN 38104
Three-story brick apartments with established multifamily use and substantial renovation requirements across most units.
Property Size14,598 SF
Price / SF$44.53
Days on Market13
Property Features for 1500 Madison Avenue
General Information
Standard status
Active
Size
14,598 SF
Property subtype
Multifamily
Property Condition
Severity
Major Repairs Needed
Evidence
require substantial renovation
Additional Details
Multifamily Units
12
Building Details
Year Built
1920
Buildings
2
Stories
3
Units
12
Construction
brick
Listing Agency:
Woodyard Realty Corporation
(901) 767-1998
Listed By:
Steve Woodyard · License #TN 217464
Source:
Crexi
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 10:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodyard Realty Corporation
Investment Insights
Based on property information with market context.
This 14,598-square-foot apartment property contains 12 units within a three-story brick building constructed in 1920. The asset retains its established multifamily configuration and period architectural character, while nine units require substantial renovation. Additional capital improvements are also identified for the property, creating a clear need for a comprehensive rehabilitation program.
The building is located at 1500 Madison Avenue in Midtown Memphis, with access to the Memphis Medical District, Downtown, Overton Square, Cooper-Young, and employment and entertainment destinations throughout the urban core. Its central setting places the property within an established residential and mixed-use area of the city.
The building is located at 1500 Madison Avenue in Midtown Memphis, with access to the Memphis Medical District, Downtown, Overton Square, Cooper-Young, and employment and entertainment destinations throughout the urban core. Its central setting places the property within an established residential and mixed-use area of the city.
Key Highlights
- 12‑unit apartment building totaling 14,598 square feet
- Three‑story brick construction completed in 1920
- Nine of 12 units require substantial renovation
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story brick apartments with established multifamily use and substantial renovation requirements across most units.
Where is this apartment building located?
The property is located at 1500 Madison Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 12‑unit apartment building totaling 14,598 square feet; Three‑story brick construction completed in 1920; Nine of 12 units require substantial renovation
