Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 2-bedroom, 1-bathroom single family at 2601 JACKSON Ave in Memphis, TN is listed for $80,000 ($64 per sqft). Built in 1922, the home offers 1,248 sqft of living space on a 0.32 acres lot.

Agent Description

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.

Key Features

  • Built in 1922
  • 0.32 acre lot
  • Fireplace

Property Details

1 story
1 full
1922

Amenities

FireplaceHardwood

Monthly Cost Estimate

$428/mo

20% down · 6.5% · 30 years

Principal$58
Interest$347
Insurance$23

Estimates only. Actual payments may vary.

Location

2601 JACKSON Ave

Memphis, TN 38108

CLEAVES

Features & Amenities

Exterior Features

Porch

Property Details

Flooring

Hardwood

Pool Features

Porch

Parking

Driveway

Heating

Other (Heating)

Cooling

None (Cooling)

Questions & Answers

This 2-bedroom, 1-bathroom single family at 2601 JACKSON Ave is listed at $80,000 ($64/sqft). The estimated monthly payment is $347 based on 20% down at 6.5% interest.

Key features include: Built in 1922, 0.32 acre lot, Fireplace. Exterior Features: Porch.

This property is listed by Michael Valenza and can be reached at 9013357878 or Mike@MemphisPrimeProperties.com.

MV

Michael Valenza

Agent at eXp Realty, LLC

(901) 335-7878

Listed by eXp Realty, LLC · View on Broker Site

MLS# 10207427· Source: listhub· Updated 235 days ago

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2601 JACKSON Ave, Memphis, TN 38108

Open this listing in: