2601 Jackson Ave Memphis, TN 38108
Binghampton NeighborhoodEstimated payment $435/month
Highlights
- Wood Flooring
- Separate Formal Living Room
- Porch
- 1 Fireplace
- Some Wood Windows
- Bungalow
About This Home
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.
Home Details
Home Type
- Single Family
Year Built
- Built in 1922
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 75x169
- Level Lot
- Few Trees
Parking
- Driveway
Home Design
- Bungalow
Interior Spaces
- 1,248 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Some Wood Windows
- Separate Formal Living Room
- Wood Flooring
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- Heating System Mounted To A Wall or Window
Community Details
- Cleaves Subdivision
Listing and Financial Details
- Assessor Parcel Number 052051 00001
Map
Home Values in the Area
Average Home Value in this Area
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 | $278 | $12,575 | $2,400 | $10,175 |
| 2024 | $278 | $8,200 | $1,000 | $7,200 |
| 2023 | $500 | $8,200 | $1,000 | $7,200 |
| 2022 | $500 | $8,200 | $1,000 | $7,200 |
| 2021 | $533 | $9,000 | $1,000 | $8,000 |
| 2020 | $574 | $7,925 | $1,000 | $6,925 |
| 2019 | $574 | $7,925 | $1,000 | $6,925 |
| 2018 | $574 | $7,925 | $1,000 | $6,925 |
| 2017 | $326 | $7,925 | $1,000 | $6,925 |
| 2016 | $346 | $7,925 | $0 | $0 |
| 2014 | $346 | $7,925 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2025 10/09/25 | For Sale | $80,000 | -- | $64 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $30,000 | Titan Title Company |
Source: Memphis Area Association of REALTORS®
MLS Number: 10207427
APN: 05-2051-0-0001
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