USATNJacksonCampbell Land Est Nr236 Airways Blvd

236 Airways Blvd, Jackson, TN

Name: 236 Airways Blvd, For Sale in Jackson - Zoocasa
Brand: Southern Athena
SKU: 3073539
Price: 696000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$696,000

0017

MLS® 3073539

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 11730 sqft

Garage No

Taxes $3,730

Days Active 1

Lot Size

Approx. Age 1920

Avg. Price Per Sqft $59

MLS® Number 3073539

Property Address: 236 Airways Blvd, Jackson, TN, 38301

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number3073539

Laundry LevelElectric Dryer Hookup, Washer Hookup

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1920

Basement

DrivewayParking Lot

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Other

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 7, 2026List Date

$696,000List Price

Commute

Commute

Starting Address

Destination Address

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