For sale

$80,000

2601 Jackson Ave, Memphis, TN 38112

2beds

1,248sqft

$568/mo

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Single Family Residence

Built in 1922

0.32 Acres Lot

$-- Zestimate^®

$64/sqft

$-- HOA

What's special

Corner lot

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.

324 days
61
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Width: 0

Dining room

Width: 0

Living room

Features: Separate Living Room
Width: 0

Den

Width: 0

Heating

Wall Furnace

Cooling

None

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Hardwood
Windows: Wood Frames
Number of fireplaces: 1

Interior area

Total interior livable area: 1,248 sqft

Video & virtual tour

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Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None

Lot

Size: 0.32 Acres
Dimensions: 75 x 169
Features: Some Trees, Level

Details

Parcel number: 052051 00001

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1922

Community & HOA

Community

Subdivision: Cleaves

Location

Region: Memphis

Financial & listing details

Price per square foot: $64/sqft
Tax assessed value: $50,300
Annual tax amount: $540
Price range: $80K - $80K
Date on market: 10/10/2025
Cumulative days on market: 325 days

Estimated market value

Not available

Estimated sales range

Not available

$982/mo

Price history

Date	Event	Price
10/10/2025	Listed for sale	$80,000+166.7%$64/sqft
Source: MAAR #10207427 Report a problem
2/25/2025	Sold	$30,000$24/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$663 +22.7%	$12,575 +53.4%
2024	$540 +8.1%	$8,200
2023	$500	$8,200
2022	--	$8,200 -8.9%
2021	--	$9,000 +13.6%
2020	$253	$7,925
2019	$253 -21.1%	$7,925
2018	$321 -45.1%	$7,925
2017	$585 +117.1%	$7,925
2016	$269 -17.2%	$7,925
2014	$325	$7,925
2013	--	$7,925 -22.3%
2012	--	$10,200
2011	--	$10,200
2010	--	$10,200
2009	--	$10,200 -6.6%
2008	--	$10,925
2007	--	$10,925
2006	--	$10,925
2005	--	$10,925 +12.6%
2004	--	$9,700
2003	--	$9,700
2002	--	$9,700
2001	--	$9,700 +11.2%
2000	--	$8,725