1508 Madison Ave Memphis, TN 38104
Midtown Memphis NeighborhoodEstimated Value: $910,000
Studio
--
Bath
332
Sq Ft
$2,741/Sq Ft
Est. Value
About This Home
Cherokee Arms is a true piece of Memphis history, offering residents the rare opportunity to live in a beautifully preserved historic building with thoughtfully updated interiors. Enjoy the charm of hardwood floors, high ceilings, and walk-in closets alongside modern comforts like controlled access, community-wide Wi-Fi, private parking, bike storage, and on-site laundry. With inviting sunrooms, social spaces, and select balconies or patios, plus a highly walkable Midtown location near dining and entertainment, Cherokee Arms blends timeless character with everyday convenience.
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2026 05/12/26 | Off Market | $950 | -- | -- |
| 03/19/2026 03/19/26 | Price Changed | $950 | +6.7% | $3 / Sq Ft |
| 02/10/2026 02/10/26 | Price Changed | $890 | +12.8% | $3 / Sq Ft |
| 11/01/2025 11/01/25 | For Rent | $789 | 0.0% | -- |
| 09/08/2023 09/08/23 | Price Changed | $789 | +2.6% | $2 / Sq Ft |
| 08/07/2023 08/07/23 | For Rent | $769 | 0.0% | -- |
| 07/13/2023 07/13/23 | For Rent | $769 | 0.0% | -- |
| 10/04/2019 10/04/19 | For Rent | $769 | -- | -- |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $604,200 | $91,640 | $512,560 |
| 2024 | $12,502 | $368,800 | $36,720 | $332,080 |
| 2023 | $22,466 | $368,800 | $36,720 | $332,080 |
| 2022 | $27,522 | $451,800 | $36,720 | $415,080 |
| 2021 | $27,845 | $451,800 | $36,720 | $415,080 |
| 2020 | $26,723 | $368,800 | $36,720 | $332,080 |
| 2019 | $26,723 | $368,800 | $36,720 | $332,080 |
| 2018 | $26,723 | $368,800 | $36,720 | $332,080 |
| 2017 | $15,158 | $368,800 | $36,720 | $332,080 |
| 2016 | $11,100 | $254,000 | $0 | $0 |
| 2014 | $11,100 | $254,000 | $0 | $0 |
Source: Public Records
Map
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