236 Airways Blvd, Jackson, Tennessee 38301
TN, Jackson-
Active Status
-
65 Dayz On Cribz Total Days
-
Residential Income Property Type
-
11730 Total Sqft $59/sqft
-
1920 Year Built
-
Mortgage Wizard 3000 Advanced Breakdown
Questions? Connect With Us!
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.
- Property Type: Residential Income
- Listing Type: For Sale
- MLS #: 3073539
- Price: $696,000
- Square Footage: 11,730 Sqft
- Year Built: 1920
- Office Name: Southern Athena
- Agent Name: Elizabeth Gatlin
- Property Attached: Yes
- Roof: Shingle
- Listing Status: Active
- Street Number: 236
- Street: Airways Blvd
- City Jackson
- State TN
- Zipcode 38301
- County Madison County, TN
- Subdivision Campbell Land Est Nr
- Longitude: W89° 10' 13.8''
- Latitude: N35° 36' 57.8''
- Zoning: Commercial
- Directions: From East of Jackson, take exit 80A from I-40 W. Merge onto US-45 BYP S, and turn left onto Airways Blvd. Building will be on your right at the intersection of Airways Blvd. and Hollywood Dr.
-
Heating System Central
-
Cooling System Central Air
-
Parking Parking Lot
-
Utilities Water Available
-
Flooring Other
-
Laundry Features Electric Dryer Hookup, Washer Hookup
-
Sewer Public Sewer
- Elementary School: Isaac Lane Technology Magnet Elementary
- Middle School: Jackson Career Technology Magnet Elementary
- High School: South Side High School
- Water Source: Public
- Accessibility Features: Accessible Approach with Ramp, Accessible Hallway(s), Accessible Entrance, Accessible Doors
- Association Amenities: Sidewalks
- Building Size: 11,730 Sqft
- Construction Materials: Wood Siding, Brick, Vinyl Siding, Frame
- Levels: Three Or More
- Lot Size Dimensions: 100 X 144 IRR COR
- Number Of Units Total: 10
- On Market Date: January 7th, 2026
- Previous Price: $696,000
- Rent Includes: Trash Collection,Water
- Stories: 2
- Annual Tax Amount: $3,730
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Jan 7th, 2026 @ 6:39pm
- Status Change Timestamp: Jan 7th, 2026 @ 6:37pm
Questions? Connect With Us!
MLS Source Origin Disclaimer
The data relating to real estate for sale on this website appears in part through an MLS API system, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Cribz participates, and is provided by local multiple listing services through a licensing agreement. The originating system name of the MLS provider is shown in the listing information on each listing page. Real estate listings held by brokerage firms other than Cribz contain detailed information about them, including the name of the listing brokers. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cribz shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless.
IDX information is provided exclusively for consumers’ personal non-commercial use, 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, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to the contact page of this website.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number, and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Homeboy's Advice