Exceptional Mixed-Use Investment Opportunity in Downtown Memphis Located in the vibrant heart of Downtown Memphis, this high-value mixed-use complex presents a rare opportunity to invest in a stable and strategically positioned property. Boasting outstanding visibility and consistent foot traffic, the site is just steps from iconic landmarks, including the renowned Peabody Hotel. Key highlights: ...Prime Location: Surrounded by cultural, commercial, and entertainment hubs ...High Foot Traffic: Ideal for retail, dining, and service-oriented tenants ...Flexible Zoning: Supports a variety of uses to maximize ROI Strong Investment Potential: Proven stability and long-term growth prospects Whether you're seeking a flagship retail space, dynamic office suites, or residential development potential, this property offers unmatched versatility and prominence in one of Memphis’s most desirable districts.
For sale
$885,000
18 N 2nd St, Memphis, TN 38103
--beds
--baths
9,800sqft
Multi Family
Built in 1903
-- sqft lot
$801,800 Zestimate®
$90/sqft
$-- HOA
What's special
Outstanding visibility
- 341 days |
- 189 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Darlene Butler,
The Peyton Co., Inc., REALTORS 901-345-5555,
Michelle R Shelton,
The Peyton Co., Inc., REALTORS
Source: MAAR,MLS#: 10201822
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Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Refrigerator, Range/Oven (Freestanding), Disposal
- Laundry: Washer in Unit
Features
- Flooring: Hardwood, Vinyl
Interior area
- Total interior livable area: 9,800 sqft
Property
Parking
- Parking features: More Than 1 Per Unit
Features
- Stories: 2
Lot
- Size: 3,675 Square Feet
- Dimensions: 24.75 x 148.5
Details
- Parcel number: 002025 00010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Other (See REMARKS)
Condition
- Year built: 1903
Community & HOA
Community
- Security: Security Lights
- Subdivision: Unknown
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $921,600
- Annual tax amount: $19,430
- Date on market: 7/22/2025
- Cumulative days on market: 342 days
- Listing terms: Conventional
- Lease term: 12 Months
- Tenant pays: Electricity, Gas, Heating, Some Utilities
Estimated market value
$801,800
$762,000 - $842,000
$2,044/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/9/2026 | Price change | $885,000-1.7%$90/sqft |
Source:  MAAR #10201822 Report a problem | ||
| 7/22/2025 | Listed for sale | $900,000+800%$92/sqft |
Source: MAAR #10201822 Report a problem | ||
| 7/2/2002 | Sold | $100,000+33.3%$10/sqft |
Source: Public Record Report a problem | ||
| 8/5/1999 | Sold | $75,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,430 +15.9% | $368,640 +44.8% |
| 2024 | $16,766 +8.1% | $254,600 |
| 2023 | $15,509 | $254,600 |
| 2022 | -- | $254,600 |
| 2021 | -- | $254,600 +8.7% |
| 2020 | $8,939 | $234,120 |
| 2019 | $8,939 +161.9% | $234,120 +177.8% |
| 2018 | $3,413 -19.7% | $84,280 +46.4% |
| 2017 | $4,249 +87.5% | $57,560 |
| 2016 | $2,266 -44.2% | $57,560 |
| 2014 | $4,064 | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | $106,400 |
| 2002 | -- | $106,400 |
| 2001 | -- | $106,400 +175.6% |
| 2000 | -- | $38,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Getting around
52 / 100
Good TransitNearby schools
GreatSchools rating
- 2/10Downtown Elementary SchoolGrades: PK-5Distance: 0.2 mi
- NAKaleidoscope School of MemphisGrades: 6-7Distance: 0.1 mi
- 3/10Manassas High SchoolGrades: 9-12Distance: 2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Shelby County
- Memphis
- 38103
- Downtown
- 18 N 2nd St
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