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
$801,900 Zestimate®
$90/sqft
$-- HOA
What's special
Outstanding visibility
- 408 days
- 150
- 8
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
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: 409 days
- Listing terms: Conventional
- Lease term: 12 Months
- Tenant pays: Some Utilities, Heating, Gas, Electricity
Estimated market value
$801,900
$762,000 - $842,000
$2,030/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
Payment breakdown
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Neighborhood: Downtown
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