2234 Clayton Avenue

Memphis TN 38108

1018 sq. ft.

0.11 ac.

Land

Last sold for $3,500

Betty McGaughey, last sold this property on 13 May 2026 after 71 days on market.

Overview

Discover this prime vacant lot in the established neighborhood of Memphis, Shelby County—perfect for your next investment or dream home build. Spanning approximately 0.11 acres (4,791 sq ft. zoned RU-1 for single-family use). This cleared parcel offers flexibility for residential development in a convenient urban location with easy access to local amenities, employment hubs, and transportation. The 38108 zip code features affordable entry points, with nearby comparable improved homes valued in the $60,000–$80,000 range and median area prices around $70,000–$79,000 amid stabilizing market trends. Current estimates place this lot's value affordable, presenting strong potential for builders, flippers, or first-time investors seeking land banking or custom construction in a revitalizing area. Utilities likely available at street level -buyer to confirm. Seize this low-cost entry into Memphis real estate today! Verify zoning, permits, and site conditions via Shelby County records.

Features

1018 sq. ft. floor area

0.11 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Memphis over the last 12 months, the estimated median property value of 2234 Clayton Avenue is $5k.

Median value

$5k

Estimated value range

$2.7k - $35.9k

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Memphis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2234 Clayton Avenue

2026

Sold

$3,500

13 May 2026 by Betty McGaughey

Happy sellers in Memphis

We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.