$3,563 Closing Credit¹
#10194704, Listing office: Fast Track Realty, LLC
$314,895 List price
1025 S Wellington St Memphis, TN 38126
$3,739
Closing credit¹
Multi-Family
Property details
About 1025 S Wellington St
Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5-Unit Garden apartment is sure to impress! New iron stairs on both ends were replaced March 2024. New roof, plumbing, electrical, and mechanical work completed January 2022. Currently 80% occupied. Annual scheduled rents of $38,820, with potential of $42,000 annual rents. Investors only, please call for more information! This unit is part of a package of 18 properties.
Highlights
Home typeMulti Family
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1968
ParkingGravel
MLS #10199333
Summary
- Basement: Yes
- Flooring Type: Vinyl Floor
- Parking: Gravel
- Heating: Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $314,895
- Annual Tax Amount: $1,235
- Tax Year: 2024
- Directions: From Downtown Memphis, head South on Danny Thomas Blvd to Crump Ave. Proceed South, and Danny Thomas turns into S. Wellington St. Property is locatedon the right (West) side past Walker Ave heading South.
- Year Built: 1968
- MLS Number: 10199333
- Office Name: Sowell, Realtors
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 3:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$314,895
1025 S Wellington St
$3,739
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 16, 2022 | Home Sold | $255,000 |
| Oct 09, 2019 | Home Sold | $125,000 |
| Oct 07, 2019 | Home Sold | $100,000 |
| Dec 26, 2018 | Home Sold | $45,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $20,280 | $1,235 |
| 2023 | $20,280 | $1,235 |
| 2022 | $20,280 | $1,249 |
| 2021 | $20,280 | $1,249 |
| 2020 | $19,000 | $1,376 |
| 2019 | $19,000 | $1,376 |
| 2018 | $19,000 | $780 |
| 2017 | $19,000 | $788 |
History based on county public records data.
Nearby schools
3
A. B. Hill Elementary School
Public District PK-5
0.7 mi
•345 E Olive Ave
3
Memphis Delta Preparatory
Public Charter KG-5
1.0 mi
•1237 College St
5
Circles of Success Learning Academy
Public Charter KG-5
1.1 mi
•867 S Parkway E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,981. Most Memphis, TN residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
66%
<35k
29%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
29%
Single, with Kids
4%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
22%
18-34 yrs old
35%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1025 S Wellington St
The listing price of 1025 S Wellington St property is $314,895.
The property 1025 S Wellington St is a multi located in Memphis, Tennessee, 38126.
Active Listing: 1025 S Wellington St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1025 S Wellington St are: A. B. Hill Elementary School (GreatSchools Rating 3/10), Memphis Delta Preparatory (GreatSchools Rating 3/10), Circles of Success Learning Academy (GreatSchools Rating 5/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Cummings School (GreatSchools Rating 4/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Hollis F. Price Middle College (GreatSchools Rating 5/10), Soulsville Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,235 (source: MLS/based on county public records data).
The last sale was on February 16, 2022 for $255,000 (source: MLS/tax record).
The year of construction for 1025 S Wellington St is 1968.
This home is located at 1025 S Wellington St in Memphis, TN and zip code 38126 in the South Memphis neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $314,895.
While more than 70 listings in Memphis, TN in May 2025 were sold above asking price, there were more than 110 listings sold at asking price, and more than 263 were sold below. The number of listings in Memphis, TN increased by 11.3% between April and May 2025. While the average time on the market in May 2025 was 10 days, the median list price was $220,000.
From Rocket Homes Real Estate and based on county public records data.