Investment opportunity in downtown Gleason, TN! Located in Weakley County, 118 S Cedar St is a fixer-upper with strong potential for a retail flip, rental investment, or renovation project. Convenient in-town location near local amenities. Property is being sold AS-IS and needs repairs and updates. Ideal for investors, flippers, or buyers looking to build equity. Bring your vision and unlock the potential of this affordable Tennessee investment property. Buyer to verify all information.
Active
Price cut: $7K (7/28)
$43,000
118 S Cedar St, Gleason, TN 38229
2beds
1baths
1,332sqft
Single Family Residence
Built in 1946
1 Acres Lot
$-- Zestimate®
$32/sqft
$-- HOA
What's special
- 67 days |
- 576 |
- 16 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
KOLTIN WINSTEAD 731-223-1758,
UNITED COUNTRY REAL ESTATE | WINSTEAD REAL ESTATE and LAND CO. 731-504-8969
Source: RRAR as distributed by MLS GRID,MLS#: 46457
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central
Cooling
- Central Air
Interior area
- Total interior livable area: 1,332 sqft
Property
Features
- Stories: 1
Lot
- Size: 1 Acres
Details
- Parcel number: 010.00
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Gleason
Financial & listing details
- Price per square foot: $32/sqft
- Tax assessed value: $59,100
- Annual tax amount: $400
- Date on market: 6/16/2026
Estimated market value
Not available
Estimated sales range
Not available
$973/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $43,000-14%$32/sqft |
Source: RRAR as distributed by MLS GRID #46457 Report a problem | ||
| 6/16/2026 | Listed for sale | $50,000+25%$38/sqft |
Source: RRAR as distributed by MLS GRID #46457 Report a problem | ||
| 5/29/2018 | Sold | $40,000-5.9%$30/sqft |
Source: Public Record Report a problem | ||
| 6/1/2017 | Listed for sale | $42,499$32/sqft |
Source: Casey Drewry Realty #117260 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $400 +6.9% | $14,775 |
| 2024 | $375 | $14,775 |
| 2023 | $375 +13.8% | $14,775 +63.3% |
| 2022 | $329 | $9,050 |
| 2021 | $329 | $9,050 |
| 2020 | $329 | $9,050 |
| 2019 | $329 | $9,050 |
| 2018 | $329 +9.5% | $9,050 +6.8% |
| 2017 | $301 +0% | $8,475 |
| 2016 | $300 | $8,475 -0.1% |
| 2015 | $300 | $8,486 |
| 2014 | $300 | $8,486 |
| 2013 | $300 -0.5% | $8,486 |
| 2012 | $302 +8.1% | $8,486 +4.8% |
| 2011 | $280 | $8,099 |
| 2010 | $280 +3% | $8,099 |
| 2009 | $271 | $8,099 |
| 2008 | $271 -12.9% | $8,099 |
| 2007 | $312 +45.5% | $8,099 +34.9% |
| 2006 | $214 | $6,002 |
| 2005 | $214 +17% | $6,002 +13.7% |
| 2004 | $183 +0.3% | $5,277 |
| 2002 | $183 | $5,277 |
| 2001 | -- | $5,277 -66.9% |
| 2000 | -- | $15,932 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 38229
Nearby schools
GreatSchools rating
- 6/10Gleason SchoolGrades: PK-12Distance: 0.2 mi
- 7/10Dresden High SchoolGrades: 9-12Distance: 5.1 mi
- NAWeakley County Center For Adult Continuing EducationGrades: 9-12Distance: 6.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
