Historic Loft Apartment
217 E Deaderick Street Jackson, TN 38301
For Sale
$2,000,000
COMMERCIAL - Jackson, TN
Property Size23,727 SF
Lot Size2.10 Acres
Price / SF$84.29
Days on Market52
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
Vinyl, Wood, Carpet
Building materials
Brick
Listing Agency:
Prosper Realty Group
(731) 215-0210
Listed By:
Laith Al-Jafari · License #381930
(731) 217-7400
Added: Jun 9
Changed: Jul 9
Last Checked: Jul 30 at 9:06AM
MLS# 2602703
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.
Investment Insights
Based on property information with market context.
The Renaissance Center is a historic three-story, common brick building originally built in 1925 and restored into 14 loft apartments. The residences feature open concept living and kitchen areas, 12-foot ceilings, oversized monument windows, and exposed brick. Unit interiors are equipped with stainless steel appliances, washer and dryer, walk-in closets, and carpeted bedrooms. Community amenities include a private fenced parking lot with coded entry, plus a second-floor BBQ patio deck, with interior hallways throughout the building.
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.
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.
Key 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
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 |
23,727 SF · lease $10.08/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,598 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,010 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Restored three-story brick building converted into 14 loft apartments with parking access controls and community patio deck.
Where is this apartment building located?
The property is located at 217 E Deaderick Street Jackson, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 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
