Briscoe Ellett III

2601 Jackson Ave

Memphis, TN
$ 80,000 Beds 2 Baths 1 Sq 1,248 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 80,000
  • City
  • Memphis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Overton Park
  • Lot Size
  • 0.32 Acres
  • Zip
  • 38108
  • Sqr Footage
  • 1,248
  • Year Built
  • 1922
  • Taxes
  • $ 540
  • Style
  • Bungalow
  • MLS#
  • 10207427
Listed By: eXp Realty, LLC
Data Source: Memphis MLS (MAAR)

Features

General

Heating Wall Unit
Cooling No Cooling
Fireplaces 1
Status Active
Full Baths 1
Legal Subdivision Name CLEAVES
Style Bungalow
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 744F
Parcel Number 052051 00001
Status Active
Annual City Tax 262
Annual County Tax 278
Sale/Rent For Sale
Area Overton Park
Service Type Full Service Listing
Neighborhood Association None
Year Built 1922
Directions Continue on Jackson Ave. to property at the corner of Jackson Ave. and N. Bingham St.
City Memphis
Virtual Tour https://youtu.be/GPrqW1_Fbos
DOM 350

Interior Features

Living Room Separate Living Room
Beds 2
Total Baths 1
Number of Rooms 5
Downstairs Bedrooms 2
FLOORS/CEILINGS Hardwood Throughout

Exterior Features

Pool None
Lot 1
Lot Size Area 0.32
Lot Size 75X169
Parking Display No
Lot Description Level,Some Trees
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood Window(s)
Misc. Exterior Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/10/2025 Listed $80,000

Property vs Zip Code Average in 38108

Price
AVG $120K
$80K
Taxes
AVG $888
$540
Year Built
AVG 1951
1922
Visits
AVG 140
175
Data Provided by Inside Real Estate®

Areas That We Cover

2601 Jackson Ave Memphis, TN is a Single Family Home for sale at $80000 with 1248 sqft and a lot size of 0.32 Acres Acre(s). 2601 Jackson Ave Memphis has 2 bedrooms, 1 baths and was built in 1922. The property's zip code is 38108 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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