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
Est.:
Single Family Residence
Built in 1922
0.32 Acres Lot
$-- Zestimate®
$64/sqft
$-- HOA
What's special
Corner lot
- 66 days |
- 108 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: October 09, 2025 at 08:52pm
Listed by:
Michael T Valenza,
eXp Realty, LLC 888-519-5113
Source: MAAR,MLS#: 10207427
Tour with a local agent
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: $32,800
- Annual tax amount: $540
- Price range: $80K - $80K
- Date on market: 10/10/2025
- Cumulative days on market: 67 days
Estimated market value
Not available
Estimated sales range
Not available
$1,027/mo
Price history
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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $540 +8.1% | $8,200 |
| 2023 | $500 | $8,200 |
| 2022 | -- | $8,200 -8.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$396/mo
Principal & interest
$310
Property taxes
$58
Home insurance
$28
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
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