For sale

Price cut: $15K (3/9)

$885,000

18 N 2nd St, Memphis, TN 38103

--beds

--baths

9,800sqft

Est.:

Multi Family

Built in 1903

-- sqft lot

$-- Zestimate^®

$90/sqft

$-- HOA

What's special

Outstanding visibility

Exceptional Mixed-Use Investment Opportunity in Downtown Memphis Located in the vibrant heart of Downtown Memphis, this high-value mixed-use complex presents a rare opportunity to invest in a stable and strategically positioned property. Boasting outstanding visibility and consistent foot traffic, the site is just steps from iconic landmarks, including the renowned Peabody Hotel. Key highlights: ...Prime Location: Surrounded by cultural, commercial, and entertainment hubs ...High Foot Traffic: Ideal for retail, dining, and service-oriented tenants ...Flexible Zoning: Supports a variety of uses to maximize ROI Strong Investment Potential: Proven stability and long-term growth prospects Whether you're seeking a flagship retail space, dynamic office suites, or residential development potential, this property offers unmatched versatility and prominence in one of Memphis’s most desirable districts.

256 days

314

8

Tour with a local agent

Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Refrigerator, Range/Oven (Freestanding), Disposal
Laundry: Washer in Unit

Features

Flooring: Hardwood, Vinyl

Interior area

Total interior livable area: 9,800 sqft

Property

Parking

Parking features: More Than 1 Per Unit

Features

Stories: 2

Lot

Size: 3,675.38 Square Feet
Dimensions: 24.75 x 148.5

Details

Parcel number: 002025 00010

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Foundation: Slab
Roof: Other (See REMARKS)

Condition

Year built: 1903

Community & HOA

Community

Security: Security Lights
Subdivision: Unknown

Location

Region: Memphis

Financial & listing details

Price per square foot: $90/sqft
Tax assessed value: $921,600
Annual tax amount: $19,430
Date on market: 7/22/2025
Cumulative days on market: 257 days
Listing terms: Conventional
Lease term: 12 Months
Tenant pays: Electricity, Gas, Heating, Some Utilities

Estimated market value

Not available

Estimated sales range

Not available

$2,132/mo

Price history

Date	Event	Price
3/9/2026	Price change	$885,000-1.7%$90/sqft
Source: MAAR #10201822 Report a problem
7/22/2025	Listed for sale	$900,000+800%$92/sqft
Source: MAAR #10201822 Report a problem
7/2/2002	Sold	$100,000+33.3%$10/sqft
Source: Public Record Report a problem
8/5/1999	Sold	$75,000$8/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$19,430 +15.9%	$368,640 +44.8%
2024	$16,766 +8.1%	$254,600
2023	$15,509	$254,600
2022	--	$254,600
2021	--	$254,600 +8.7%
2020	$8,939	$234,120
2019	$8,939 +161.9%	$234,120 +177.8%
2018	$3,413 -19.7%	$84,280 +46.4%
2017	$4,249 +87.5%	$57,560
2016	$2,266 -44.2%	$57,560
2014	$4,064	--
2013	--	--
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	$106,400
2002	--	$106,400
2001	--	$106,400 +175.6%
2000	--	$38,600