1616 Monroe Ave, Memphis, TN 38104

$895,000
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List Price
$895,000
Status
ACTIVE
Days on Market
42
Price Change
▲ $120,000 1781824276
MLS#
10224276
Year Built
1960
Lot Size
50 X 157.5
Subdivision
INGLESIDE
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+1 (901) 800-8268

Property Description

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please

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Additional Information

Exterior Construction
Brick/Veneer
Stories
2
Roof
Pitched
Foundation
Slab
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Listing courtesy of Crye-Leike Commercial.

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.