203 S Fairgrounds St, Jackson, TN, 38301
About This Home
MRG is pleased to present this single family portfolio in Jackson, Tennessee. - 16 BUILDINGS, 21 units!! Jackson, TN is a growing regional economic hub strategically positioned between Memphis and Nashville along I-40. Strong employment drivers, affordable housing fundamentals, and ongoing industrial expansion continue to support consistent rental demand and rent growth. The market provides investors an attractive opportunity for scalable cash flow in a stable, workforce-housing environment. Here are the additional addresses: 602 Burkett St 42 Carlos Dr 215-217 Campbell St 27 Brownstone Cv 124 Bennett St 106 Alexander St 848 Lane Ave 233 S. Lindsey St 226 Peabody St 230 Peabody St 234 Peabody St 200 Jackson St 203 Fairgrounds St 78 Redleaf Pl 1526 N Royal St 113 Melrose St call agent Drew Lekowski for details 615-522-3973
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 8
Features
- Flooring: Wood
- Finished area above ground: 2,000
Heating & Cooling
- Heating features: Central
- Cooling features: Attic Fan
Interior Area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Details
- Parcel number: 077M D 01200 000
- Attached to another structure: Yes
- Zoning: SP
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 7,500 sqft
- Lot size dimensions: 50 x 150
Parking
- Total spaces: 1
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Tornado
- Cold Wave
- Lightning
- Strong Wind
- Heat Wave
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,113 | $121,356 |
| Home Insurance | $2,462 | $29,544 |
| Property Taxes | $1,000 | $12,000 |
| Electricity | $175 | $2,103 |
| Total | $13,750 | $165,000 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-11 | Price change | $2,250,000 |
| 2026-03-30 | Price change | $2,600,000 |
| 2026-03-10 | Listed for sale | $2,900,000 |
| 2008-10-17 | Sold | $18,000 |
| 1996-09-17 | Sold | $30,000 |
View on Zillow