$900,000

18 N 2nd St Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated payment $5,439/month

Total Views 5,362
6 Beds
-- Bath
9,800 Sq Ft
$92 Price per Sq Ft

Highlights

  • 0.08 Acre Lot
  • Efficiency Studio
  • 2-minute walk to Court Square
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

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.

Listing Agent

Darlene Butler

The Peyton Co., Inc., REALTORS License #269984 Listed on: 07/22/2025

Co-Listing Agent

Michelle Shelton

The Peyton Co., Inc., REALTORS License #260012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,631

Year Built

  • Built in 1903

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 24.75x148.5

Parking

  • Over 1 Space Per Unit

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 9,800 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Washer

Kitchen

  • Free-Standing Range
  • Disposal

Flooring

  • Wood
  • Vinyl

Utilities

  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Insurance Expense $5,211
  • Security Lighting

Listing and Financial Details

  • Assessor Parcel Number 002025 00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,631

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MAAR Subdivision Name: Unknown
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 9800
  • Year Built: 1903
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Disposal

Exterior Features

  • Foundation: Slab
  • Miscellaneous Exterior: Security Lighting

Garage/Parking

  • Parking Facility: More Than 1 Per Unit

Utilities

  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit

Lot Info

  • Lot Number: 352
  • Acreage: 0.08
  • Lot Size: 24.75X148.5
  • Geo Subdivision: TN

Rental Info

  • Tenant Pays: Some Utilities, Heating, Gas, Electric
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 002025 00010

Multi Family

  • Total Number Of Units: 6
  • Number2 Bedroom Units: 2
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1 Bath

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,631 $368,640 $60,480 $308,160
2024 $8,631 $254,600 $43,200 $211,400
2023 $15,509 $254,600 $43,200 $211,400
2022 $15,509 $254,600 $43,200 $211,400
2021 $15,691 $254,600 $43,200 $211,400
2020 $16,964 $234,120 $43,200 $190,920
2019 $16,964 $234,120 $43,200 $190,920
2018 $6,590 $84,280 $43,200 $41,080
2017 $2,366 $57,560 $43,200 $14,360
2016 $2,515 $57,560 $0 $0
2014 $1,536 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2025 07/22/25 For Sale $900,000 -- $92 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $1,000 None Available
Quit Claim Deed -- --
Warranty Deed $100,000 --
Warranty Deed $75,000 --
Warranty Deed $75,000 --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,585 Commercial
Previous Owner $101,874 Seller Take Back
Previous Owner $145,518 Commercial
Closed $117,613 No Value Available
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10201822

Memphis Area Association of REALTORS®

APN: 00-2025-0-0010

Tennessee Shelby County Memphis 38103 Downtown Memphis

18 N 2nd St, Memphis, TN

For Sale

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Nearby Homes
Listing Agent
Darlene Butler
Section Image
The Peyton Co., Inc., REALTORS
(901) 660-3953