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236 Airways Blvd, Jackson, TN 38301

Jackson
Local realty services provided by:CENTURY 21 Premier
236 Airways Blvd,Jackson, TN 38301
$398,000
  • - Beds
  • - Baths
  • 11,730 sq. ft.
  • Multi-family
  • Active
Listed by: elizabeth gatlin
Office: southern athena
MLS#:3306214
Source:NASHVILLE

Price summary

  • Price:$398,000
  • Price per sq. ft.:$33.93

About this home

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 9.5%. Once renovations are...

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Home facts

  • Year built:1920
  • Listing ID #:3306214
  • Added:2 day(s) ago
  • Updated:July 28, 2026 at 02:16 PM

Rooms and interior

  • Living area:11,730 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:11,730 sq. ft.
  • Construction Materials:Brick, Frame, Vinyl Siding, Wood Siding
  • Levels:2 Story

Schools

  • High school:South Side High School
  • Middle school:Jackson Career Technology Magnet Elementary
  • Elementary school:Isaac Lane Technology Magnet Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$398,000
  • Price per sq. ft.:$33.93
  • Tax amount:$3,730

Features and amenities

  • Amenities:Fire Alarm, Fire Sprinkler System, Smoke Detector(s)

Parking

  • Total parking spaces:17
  • Parking description:Parking Lot
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