Historic Multi-Unit Property with 0.71 Acres and Endless Investment Potential in Memphis, TN

Located in the highly desirable Vollintine Evergreen Historic District, this spacious property offers a rare opportunity for investors, renovators, or buyers searching for a unique property with multiple living spaces and strong income-producing potential. Priced at $199,900, the property at 1778 Jackson Ave, Memphis, TN 38107 delivers an impressive combination of size, flexibility, and historic character on a generous 0.71-acre lot.

This large Memphis property features 5 bedrooms, 4 bathrooms, and approximately 4,370 square feet of interior living space. Sitting across three separate lots, the 0.71 acres provide extensive outdoor space, additional possibilities for expansion, parking, recreation, or future improvements. Properties with this amount of acreage inside the city are increasingly difficult to find, especially in a historic district location close to Downtown Memphis.

One of the standout features of this 0.71-acre property is the incredible versatility it offers. The home includes a private In-Law suite complete with its own full kitchen, making it ideal for extended family living, guest accommodations, or a second income-producing unit. Investors looking for rental opportunities will appreciate the flexibility this setup creates. The detached garage apartment adds even more value and additional living possibilities, creating multiple opportunities for rental income or multi-generational living arrangements.

The property also includes a unique basement chapel space, adding character and functionality rarely found in residential real estate. Buyers searching for a special-use property, creative workspace, event area, or conversion opportunity may find tremendous potential here. With 4,370 square feet of space across the main residence and additional living areas, there is room for a wide variety of uses and future improvements.

The location of this Memphis property is another major advantage. Situated just minutes from Downtown Memphis attractions, the medical district, entertainment venues, restaurants, shopping, and major transportation corridors, this property combines convenience with investment potential. Its central location increases the appeal for future tenants, short-term rental possibilities, or long-term value growth.

The 0.71 acres surrounding the property create a spacious setting with room for outdoor activities, landscaping projects, or future enhancements. Having three separate lots included with the property opens the door to additional possibilities that are difficult to find at this price point in Memphis, Tennessee. Investors and buyers alike will recognize the long-term value offered by the combination of acreage, square footage, and location.

At $199,900, this historic Memphis property presents a rare chance to acquire a large multi-functional property with significant upside potential. Whether you are searching for an investment property, renovation project, income-producing opportunity, or a spacious home with separate living areas, this property offers numerous possibilities for the right buyer.

Please note: Enter at your own risk. The property is being offered as-is and is ideal for investors or buyers prepared to take on a renovation or restoration project.

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Listed in ZILLOW