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Madison East Renovated Apartments
For Sale
$4,995,000

2780 Madison Avenue, Memphis, TN 38111

The Memphis multifamily property dates to 1967 and received renovation work in 1980.

Property Size70,832 SF
Price / SF$70.52
Days on Market67

Property Features for 2780 Madison Avenue

General Information

Standard status Active
Size 70,832 SF
Property subtype Multifamily

Building Details

Year Built 1967
Year Renovated 1980
Buildings 8
Units 64
Listing Agency: Woodyard Realty Corporation
Listed By: Lea Heilig · License #TN #291983
Source: Woodyardrealty
Added: Jun 25 Changed: Aug 29 Last Checked: Aug 29 at 6:25PM

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.

Madison East Apartments is a 70,832-square-foot apartment building at 2780 Madison Avenue in Memphis, Tennessee. The property was constructed in 1967 and underwent renovation in 1980, providing a documented history of improvement for this multifamily asset.

The building’s apartment use and substantial size establish its primary role as a residential income property. Its Memphis address places the asset on Madison Avenue, with the property identified by the 38111 ZIP code.

Key Highlights

  • 70,832 SF apartment building
  • Built in 1967
  • Renovated in 1980

Property Analytics

Current Use

Madison East Apartments Apartments

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Auto Parts Store Building Supply Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,304
Businesses Nearby

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The Memphis multifamily property dates to 1967 and received renovation work in 1980.
Where is this apartment building located?
The property is located at 2780 Madison Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 70,832 SF apartment building; Built in 1967; Renovated in 1980
More about this property
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