Address
2601 Jackson Ave, Memphis, TN
Price
$ 80,000
Property Attributes
  • MLS#10207427
  • TypeSingle Family
  • Listing Status Active
  • CountySHELBY
  • CityMemphis
  • AreaOverton Park
  • NeighborhoodCLEAVES
  • Zip38108
  • StyleBungalow
  • Year Built1922
  • Taxes$ 540
  • Price$ 80,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1248
  • Lot Size0.32 Acres
Data Source:
Memphis MLS (MAAR)
Property Description

Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The approved concept includes four units, each approximately 1,000 square feet, with three bedrooms and two baths per unit. The next phase of development will include a property survey and full architectural plans, after which pricing will be adjusted to reflect progress and value added to the project. Secure your equity now by purchasing at this early stage and complete the build yourself to maximize returns. With utilities already accessible on site, city approvals made, and a MFR complex proposed for the neighboring lot, this property is positioned perfectly for a cash flowing development.

Price History
10/10/2025 Listed $80,000

General Features

Heating Wall Unit
Cooling No Cooling
Fireplaces 1
Status Active
Full Baths 1
Legal Subdivision Name CLEAVES
Style Bungalow
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 744F
Parcel Number 052051 00001
Status Active
Annual City Tax 262
Annual County Tax 278
Sale/Rent For Sale
Area Overton Park
Service Type Full Service Listing
Neighborhood Association None
Year Built 1922
Directions Continue on Jackson Ave. to property at the corner of Jackson Ave. and N. Bingham St.
City Memphis
Virtual Tour https://youtu.be/GPrqW1_Fbos
DOM 343

Interior Features

Living Room Separate Living Room
Beds 2
Total Baths 1
Number of Rooms 5
Downstairs Bedrooms 2
FLOORS/CEILINGS Hardwood Throughout

Exterior Features

Pool None
Lot 1
Lot Size Area 0.32
Lot Size 75X169
Parking Display No
Lot Description Level,Some Trees
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood Window(s)
Misc. Exterior Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 38108

Price
AVG $120K
$80K
Taxes
AVG $889
$540
Year Built
AVG 1951
1922
Visits
AVG 141
175
Data Provided by Inside Real Estate®

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