Property Details
Basic Information
- Property SubType: Residential Income
- MLS Number: 3073539
- Mls Status: Active
- List Price: $445,000
- Date Listed: 01/07/2026
- Units: 10
- Description: Multifamily Investor Opportunity: 8-10 unit multifamily property portfolio located in downtown Jackson, TN. This value-add opportunity offers investors a rare chance to redevelop an existing multifamily building in a market with extremely limited apartment supply. The existing structure is in shell condition and prepped for renovation and redevelopment. Purchase is supported by full signed and stamped architectural plans for an 8 unit buildout of 2 - 1Bed/1Bath ADA Units, 2 - 2 Bed/2 Bath Units, and 4 - 1 Bed/1Bath Units. The included adjacent parcel at 240 Airways Blvd, provides additional flexibility for parking, outdoor amenities, or future expansion, adding long-term value and optionality. A detailed investor package is available outlining the renovation scope, unit mix, projected rents, and operating assumptions. Pro forma projections indicate monthly rents of approximately $8,800 at stabilization and a projected stabilized cap rate of roughly 8.7%. Once renovations are complete and the property is placed into service, investors may benefit from accelerated depreciation through a cost segregation study, further enhancing returns. New multifamily construction in this submarket has been minimal for over a decade, making well-located assets like this increasingly difficult to replace. The property is located along Airways Blvd, an area benefiting from city-funded corridor improvements, with additional public and private investment underway throughout downtown Jackson. Regional housing demand continues to strengthen due to the Ford BlueOval City expansion, driving long-term employment and population growth in the surrounding area. This offering is well-suited for cash buyers, value-add investors, or 1031 exchange purchasers seeking strong income potential, limited competition, and long-term upside in a growing West Tennessee market. Full investor materials available upon request.
Building
- Square Feet: 11,730
- Year Built: 1920
- Zoning: Commercial
- Stories: 2
- Roof: Shingle
Location
- County: Madison County, TN
- Subdivision: Campbell Land Est Nr
- Town: Jackson
- Street: Airways Boulevard
- Building Number: 236
- State: TN
- Zip: 38301
- Longitude: -88.829582
- Latitude: 35.616001
Finance
- Taxes: $3,730
Community
Schools
- Elementary School: Isaac Lane Technology Magnet Elementary
- High School: South Side High School
Amenities
- Accessibility Amenities: ["Accessible Approach with Ramp", "Accessible Doors", "Accessible Entrance", "Accessible Hallway(s)"]
Other Details
Water
- Water Access: Public
Listings courtesy of Realtracs as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026 2:14 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.