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$115,000

245 Madison Ave Unit 402 Memphis, TN 38103

1 bed
1 full
0.02 acres
Townhouse

Property details

About 245 Madison Ave Unit 402

Come see this beautiful, move in ready loft. Freshly painted within the last year. All appliances stay. This building over-looks the Redbird stadium, and minutes from Beale Street. The architecture of the building is amazing. The apartment boasts brick walls and separate living space.

Highlights

Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.02 Acres
Year built1909
ParkingUnassigned Parking
MLS #10179644

Summary

  • Full Bathrooms: 1
  • Appliances: Range, Oven, Refrigerator
  • Flooring Type: Part Hardwood
  • Total Bedroom Count: 1
  • Parking: Unassigned Parking
  • Exterior: Other (See REMARKS)
  • Architectural Style: Traditional
  • Heating: Central
  • Cooling: Central Air
  • List Price: $115,000
  • Directions: From Danny Thomas go west on Madison. Building on your left.
  • Year Built: 1909
  • Stories: 1
  • Lot Size: 0.02 Acres
  • MLS Number: 10179644
  • Office Name: TRG Real Estate Services, LLC

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 10:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

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Nearby schools

3

Downtown Elementary School

Public Magnet PK-5

0.1 mi

10 N 4th St

3

Kipp Memphis Collegiate Elementary School

Public Charter KG-4

1.6 mi

230 Henry Ave

4

Bruce Elementary School

Public District PK-5

1.7 mi

581 S Bellevue Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $66,121. The most common annual income of people living in Memphis, TN is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

13%
<35k
61%
35k-100k
23%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

86%
Single, No Kids
2%
Single, with Kids
11%
Married, No Kids
1%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

0%
<11 yrs old
1%
12-17 yrs old
65%
18-34 yrs old
33%
35-64 yrs old
1%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • SoccerSoccer

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Banana RepublicBanana Republic
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • SonicSonic
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • PontiacPontiac
  • InfinitiInfiniti
  • MazdaMazda

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Adult HitsAdult Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 245 Madison Ave Unit 402

The listing price of 245 Madison Ave Unit 402 property is $115,000.

The property 245 Madison Ave Unit 402 is a townhouse located in Memphis, Tennessee, 38103.

Active Listing: 245 Madison Ave Unit 402 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 245 Madison Ave Unit 402 are: Downtown Elementary School (GreatSchools Rating 3/10), Kipp Memphis Collegiate Elementary School (GreatSchools Rating 3/10), Bruce Elementary School (GreatSchools Rating 4/10), Memphis Grizzlies Preparatory Charter School (GreatSchools Rating 5/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Humes Preparatory Academy (ASD) (GreatSchools Rating 4/10), Booker T. Washington High School (GreatSchools Rating 3/10), Memphis Academy of Science Engineering Middle/High (GreatSchools Rating 4/10), Northwest Preparatory Academy (GreatSchools Rating 1/10).

The property at 245 Madison Ave Unit 402 has 1 bedroom and 1 bathroom.

The year of construction for 245 Madison Ave Unit 402 is 1909.

This home is located at 245 Madison Ave Unit 402 in Memphis, TN and zip code 38103 in the Downtown neighborhood. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $115,000.

Over 73 listings were sold over their listed price in June 2025 in Memphis, TN. In the same period over 219 listings were sold below the listed price and 107 listings were sold for the listed price. Between May and June 2025, Memphis, TN real estate market has seen increase in the number of listings by 11.9%. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.

From Rocket Homes Real Estate and based on county public records data.

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