$80,000

2601 Jackson Ave Memphis, TN 38108

Binghampton Neighborhood

Estimated payment $441/month

Total Views 4,697
2 Beds
1 Bath
1,248 Sq Ft
$64 Price per Sq Ft

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.

Listing Agent

Michael Valenza

eXp Realty, LLC License #352076 Listed on: 10/09/2025

eXp Realty, LLC

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

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: CLEAVES
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1248
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood Window(s)

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Heating: Wall Unit

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 1
  • Acreage: 0.32
  • Lot Size: 75X169
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 052051 00001

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 $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
Source: Public Records

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
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $30,000 Titan Title Company
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10207427

Memphis Area Association of REALTORS®

APN: 05-2051-0-0001

Tennessee Shelby County Memphis 38108 Binghampton

2601 Jackson Ave, Memphis, TN

For Sale

Detached

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Michael Valenza
Listing Agent
Michael Valenza
Section Image
eXp Realty, LLC
(901) 499-2426