217 E Deaderick Street, Jackson, TN 38301
- Added:
- Jun 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 14 at 2:06 pm
Property Features for 217 E Deaderick Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 50
- Standard status
- Active
- APN
- 078I F 013.00
- Size
- 23,727 SF
- Lot size
- 2.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14176
Building Details
- Year built
- 1925
- Flooring type
- Wood, Carpet, Vinyl
- Building materials
- Brick
Listing agent Laith Al-Jafari License #381930 (731) 217-7400
Listing office Prosper Realty Group 245 W Lafayette St, Jackon, TN (731) 215-0210
Listing date Jun 9, 2026
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Landmark 3‑story common brick building originally built in 1925 as Jackson High School
- Converted into 14 loft apartments totaling 23,727 SF on 2.1 acres
- Fenced private parking lot with coded entry
- Second‑floor BBQ patio deck and interior hallways throughout
- Units feature 12‑foot ceilings, oversized monument windows, exposed brick, stainless steel appliances, and washer/dryer
- FEMA Zone X with minimal flood risk
Overview
Located at 217 E Deaderick Street in Jackson, TN 38301, the property is described as being in the heart of Downtown Jackson and near the LIFT Innovation District, along with downtown dining and entertainment. The listing also notes minimal flood risk with the property in FEMA Zone X.
This offering is well suited for buyers seeking a restored, income-producing apartment building with a defined unit count and in-building resident amenities. The combination of loft-style interiors, controlled parking access, and shared outdoor space supports tenant-focused living in a walkable downtown setting.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.2k | $10.08 |
| − Vacancy | −$16.3k | −$0.69 |
| EGI | $222.9k | $9.39 |
| − OpEx | −$100.3k | −$4.23 |
| NOI | $122.6k | $5.17 |
Alternative Uses
Current Use by Public Records
Map
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.815171
- Latitude
- 35.620115
