1470 Monroe Ave, Memphis, TN, 38104
About This Home
Rare Turn-Key Midtown Triplex- Fully Renovated, Furnished & Income Producing- Great Owner-Occupant Option! Dynamic in that it is also zoned for Mixed-Use if you would like to use for a business. Exceptional opportunity to own a completely updated triplex in a prime Midtown Memphis location. This is currently a 3-unit multifamily property. Approximately 5200 square foot property sitting in the heart of Midtown and right on the corner of the medical district, the property is in a prime location appealing to a wide range of tenants, including short-, mid-, and long-term tenants. Walking distance to several medical colleges and hospitals, minutes from downtown, and in a short drive to all main attractions in Memphis. The property is completely gated with two electric entrances that can hold a minimum of 10 vehicles, providing safety and security for all guests. There are 3 separate units on the property, each with private entrances and designated parking. The property has undergone approximately $200,000 of work over the past 5 years, with a complete rehab of Units 2 and 3 completed in October 2024. A new roof and external repairshave been completed during this time as well. Unit 1: Main House -5 bedroom/2.5 bathroom -3800 square feet -Approximately $100,000 in renovations to the 2nd floor in 2020. -Features include: 2 game rooms, chefs kitchen, 2 living rooms, designated office space, fitness center, working piano, hardwood floors, vaulted ceilings, private entrance, designated parking. Unit 2: Bungalow -1 bedroom/1 bathroom -750 square feet -Approximately $50,000 was invested in a complete rehab of the property in 2024. -Features include: large living room, separate chef’s kitchen with island, large master bedroom with designated office space, private entrance, designated parking. Unit 3: Cottage -2 bedroom/1 bathroom -700 square feet -Approximately $50,000 was invested in a complete rehab of the property in 2024. -Stand-alone cottage at the back of the property.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Roof: Slate
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Hardwood,Laminate
Heating & Cooling
- Heating features: Forced air
- Cooling features: Central
Interior Area
- Total interior livable area: 5,200 sqft
Property
Features
- Exterior features: Shingle,Stone,Brick
Parking
- Parking features: Off-street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Cold Wave
- Tornado
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,932 | $35,184 |
| Home Insurance | $433 | $5,196 |
| Property Taxes | $468 | $5,616 |
| Electricity | $422 | $5,070 |
| Total | $4,255 | $51,060 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-16 | Listed for sale | $580,000 |
| 2025-09-04 | Listing removed | $2,500 |
| 2025-08-06 | Listed for rent | $2,500 |
| 2025-01-24 | Listing removed | $2,300 |
| 2024-11-27 | Price change | $2,300 |
| 2024-09-25 | Price change | $2,400 |
| 2024-09-16 | Price change | $2,500 |
| 2024-09-10 | Listed for rent | $2,600 |
| 2024-07-20 | Sold | $455,000 |
| 2024-05-09 | Pending sale | $450,000 |
| 2024-05-08 | Contingent | $450,000 |
| 2024-05-02 | Listed for sale | $450,000 |
| 2016-10-28 | Sold | $227,900 |
| 2016-09-25 | Listing removed | $3,500 |
| 2016-04-17 | Listing removed | $5,000 |
| 2016-03-16 | Listed for rent | $5,000 |
| 2015-10-13 | Listing removed | $299,000 |
| 2015-08-13 | Listed for sale | $299,000 |
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