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.
For sale
$80,000
2601 Jackson Ave, Memphis, TN 38112
2beds
1,248sqft
Single Family Residence
Built in 1922
0.32 Acres Lot
$-- Zestimate®
$64/sqft
$-- HOA
What's special
Corner lot
- 272 days |
- 59 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Michael T Valenza,
eXp Realty, LLC 888-519-5113
Source: MAAR,MLS#: 10207427
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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
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: 274 days
Estimated market value
Not available
Estimated sales range
Not available
$1,188/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 | -- | $8,725 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Midtown
Nearby schools
GreatSchools rating
- 6/10William Herbert Brewster Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Treadwell Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Central High SchoolGrades: 9-12Distance: 3.2 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
- 38112
- Midtown
- 2601 Jackson Ave
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