Active · MLS#: RTC3306214
$345,000
236 Airways Blvd
Jackson, TN 38301
About this home
Motivated seller. Bring your offers!!! Now priced at $345,000. This offering includes an existing multifamily building, adjacent parcel at 240 Airways Blvd, and fully signed and stamped architectural plans for an 8-unit redevelopment, giving an investor a defined path to completion. Current projections indicate $8,800 in monthly rent and ~17% cap rate. A detailed investor package is available outlining the renovation scope, architectural plans, unit mix, projected rents, expenses, and operating assumptions. The proposed plans include two 1-bedroom/1-bath ADA units, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units. The building is currently in shell condition and ready for renovation, while the additional parcel provides flexibility for parking, outdoor amenities, or future expansion. Historically operated as 10 units, the property offers longer-term options beyond the current 8-unit plans. Located along the Airways Blvd corridor near downtown Jackson, the property sits within an area benefiting from continued public and private investment and the broader economic growth occurring throughout West Tennessee. Property is being sold as-is. Full investor materials available upon request.
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Property facts
- Units
- 10 units
- Square feet
- 11,730
- Lot acres
- —
- Year built
- 1920
- Garage spaces
- —
- Property type
- Residential Income
- County
- Madison County, TN
Location
Homes nearby
Listed by Southern Athena · MLS#: RTC3306214 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 8/13/2026, 2:16:01 PM CT. 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. Data is deemed reliable but is not guaranteed by MLS GRID.
