Renovated 25-Unit Apartment
For Sale
$1,795,000
1695-1707 Ontario Avenue, Memphis, TN 38127
Updated apartment property with onsite laundry and improvements to roofing, electrical, plumbing, windows, and flooring.
Property Size35,172 SF
Price / SF$51.03
Days on Market210
Property Features for 1695-1707 Ontario Avenue
General Information
Standard status
Active
Size
35,172 SF
Property subtype
Multi-Family / Apartment Complex
Additional Details
Multifamily Units
25
Taxes and HOA fees
Annual Taxes
$2,302
Amenities
on-site laundry
Dry Wall, Vinyl Floor
Refrigerator, Range/Oven (Built-In), Smoke Detector(s)
Pitched, Shingle/Shake
Building Details
Year Built
1974
Listing Agency:
Braden, Braden & Braden LLC
(901) 268-8333
Listed By:
John Cornes · License #303183
(901) 268-8333
Source:
Compass
Added: Feb 1
Changed: Aug 29
Last Checked: Aug 29 at 11:43PM
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 Braden, Braden & Braden LLC
Investment Insights
Based on property information with market context.
The 25-unit apartment property contains 35,172 square feet and was built in 1974. Recent capital improvements include a new roof, luxury vinyl plank flooring, updated electrical panels, upgraded water and sewer lines, and energy-efficient windows. Individual residences feature drywall and vinyl flooring, along with refrigerators, built-in range/ovens, and smoke detectors. Pitched shingle roofing completes the exterior, while onsite laundry facilities serve the property.
The property is located near a newly completed 30,000-square-foot community center, a library under construction, a new high school, and restored or newly built homes and apartments. Downtown Memphis and Nike and Amazon fulfillment centers are approximately 10 minutes away.
The property is located near a newly completed 30,000-square-foot community center, a library under construction, a new high school, and restored or newly built homes and apartments. Downtown Memphis and Nike and Amazon fulfillment centers are approximately 10 minutes away.
Key Highlights
- 25‑unit apartment property totaling 35,172 SF
- Renovations include new roofing, flooring, electrical panels, water and sewer lines, and energy‑efficient windows
- Onsite laundry facilities
Property Analytics
Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartment property with onsite laundry and improvements to roofing, electrical, plumbing, windows, and flooring.
Where is this apartment building located?
The property is located at 1695-1707 Ontario Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 25‑unit apartment property totaling 35,172 SF; Renovations include new roofing, flooring, electrical panels, water and sewer lines, and energy‑efficient windows; Onsite laundry facilities
