2301 MADISON Ave, Memphis, TN 38104
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 2:06 pm
Property Features for 2301 MADISON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 6
- Standard status
- Active
- Size
- 3,926 SF
Taxes and HOA fees
- Tax Annual Amount
- 4245
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
- Midtown duplex built in 1925
- Fully occupied; do not disturb tenants (no showings until contract acceptance)
- Layout includes 6 bedrooms and 3 bathrooms
- Walking distance to Overton Square and Overton Park
Overview
The building is located in Memphis, TN, at 2301 Madison Ave, within walking distance to Overton Square and Overton Park. The surrounding Midtown setting provides convenient access to established neighborhood amenities tied to those two destinations.
For buyers seeking an owner-occupied or investment scenario with existing in-place tenancy, this duplex offers a straightforward opportunity: it is already occupied and structured as two residential units under one property. Prospective buyers should plan their due diligence with the understanding that interior access is restricted until a contract is accepted. The listing does not provide further unit-level details in the materials provided, so any additional information regarding unit configurations or finishes should be requested during the contract process.
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 | $50.4k | $12.84 |
| − Vacancy | −$3.1k | −$0.79 |
| EGI | $47.3k | $12.05 |
| − OpEx | −$14.2k | −$3.61 |
| NOI | $33.1k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.984742
- Latitude
- 35.135734
