Motivated seller. Bring your offers!!! Now priced at $345,000. This offering includes an existing multifamily building, adjacent parcel at 240 Airways Blvd, and fully signed and stamped architectural plans for an 8-unit redevelopment, giving an investor a defined path to completion.
Current projections indicate $8,800 in monthly rent and ~17% cap rate. A detailed investor package is available outlining the renovation scope, architectural plans, unit mix, projected rents, expenses, and operating assumptions.
The proposed plans include two 1-bedroom/1-bath ADA units, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units. The building is currently in shell condition and ready for renovation, while the additional parcel provides flexibility for parking, outdoor amenities, or future expansion. Historically operated as 10 units, the property offers longer-term options beyond the current 8-unit plans.
Located along the Airways Blvd corridor near downtown Jackson, the property sits within an area benefiting from continued public and private investment and the broader economic growth occurring throughout West Tennessee. Property is being sold as-is. Full investor materials available upon request.
Active
Price cut: $53K (8/13)
$345,000
236 Airways Blvd, Jackson, TN 38301
24beds
24baths
11,730sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$29/sqft
$-- HOA
What's special
- 65 days
- 489
- 40
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Gatlin 615-429-3382,
Southern Athena 615-930-0931
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3306214
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Other
Interior area
- Total structure area: 11,730
- Total interior livable area: 11,730 sqft
- Finished area above ground: 7,820
- Finished area below ground: 3,910
Property
Parking
- Total spaces: 17
- Parking features: Parking Lot
- Uncovered spaces: 17
Accessibility
- Accessibility features: Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.33 Acres
- Dimensions: 100 x 144 IRR COR
Details
- Parcel number: 077M D 01500 000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Frame, Vinyl Siding, Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Security: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Campbell Land Est Nr
HOA
- Has HOA: No
- Amenities included: Sidewalks
Location
- Region: Jackson
Financial & listing details
- Price per square foot: $29/sqft
- Annual tax amount: $3,730
- Date on market: 7/25/2026
- Inclusions: Other
- Total actual rent: 4600
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $345,000-13.3%$29/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3306214 Report a problem | ||
| 7/25/2026 | Listed for sale | $398,000$34/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3306214 Report a problem | ||
| 7/1/2026 | Listing removed | $398,000$34/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
| 6/3/2026 | Price change | $398,000-10.6%$34/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
| 5/3/2026 | Price change | $445,000-21.8%$38/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
| 4/17/2026 | Price change | $569,000-4.5%$49/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
| 2/11/2026 | Price change | $596,000-14.4%$51/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
| 1/7/2026 | Listed for sale | $696,000$59/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3073539 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 38301
Nearby schools
Schools provided by the listing agent
- Elementary: Isaac Lane Technology Magnet Elementary
- Middle: Jackson Career Technology Magnet Elementary
- High: South Side High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
