$1,306 Closing Credit¹
#10192513, Listing Office: Memphis Metro Realty
$112,000 List price
2342 Wellons Ave Memphis, TN 38127
$1,330
Closing credit¹
3 beds
1 full, 1 partial
0.3 acres
House
Property details
About 2342 Wellons Ave
This property presents an excellent opportunity for both new and seasoned investors looking to expand their portfolios. Currently tenant-occupied and well-maintained, it is conveniently located just minutes from downtown, offering easy access to shopping, dining, and I-240. The property is leased at $1,000 per month, with the lease secured through January 2026. The seller can provide current rent history upon request, as the tenant is in good standing with consistent payments. A $400 security deposit is in place. Please respect tenant rights and refrain from disturbing the occupant.
Highlights
Home typeSingle Family Residence
HeatingCentral, Other
StatusActive
CoolingCentral Air, Other
BasementYes
Lot size0.33 Acres
Year built1961
ParkingDriveway/Pad,Other (See REMARKS)
MLS #10194392
WaterfrontOther
FireplaceOther (See Remarks)
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Other
- Basement: Yes
- Flooring Type: Other (See REMARKS)
- Interior: Other (See REMARKS)
- Fireplace: Other (See Remarks)
- Total Bedroom Count: 3
- Parking: Driveway/Pad,Other (See REMARKS)
- Waterfront: Other
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Central, Other
- Cooling: Central Air, Other
- List Price: $112,000
- Annual Tax Amount: $1,008
- Tax Year: 2024
- Lot: Other
- Directions: From N Watkins, turn left on Overton Crossing, turn right on Wellons, property is on the left.
- Year Built: 1961
- Stories: 1
- Lot Size: 0.33 Acres
- MLS Number: 10194392
- Office Name: Crye-Leike, Inc., 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: 5/10/2025, 9:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$112,000
2342 Wellons Ave
$1,330
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 25, 2020 | Home Sold | $39,000 |
| Feb 27, 2001 | Home Sold | $55,600 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $16,550 | $1,008 |
| 2023 | $16,550 | $1,008 |
| 2022 | $16,550 | $1,019 |
| 2021 | $16,550 | $1,019 |
| 2020 | $13,050 | $945 |
| 2019 | $13,050 | $945 |
| 2018 | $13,050 | $536 |
| 2017 | $13,050 | $550 |
History based on county public records data.
Nearby schools
4
Hawkins Mill Elementary School
Public District PK-5
0.4 mi
•4295 Mountain Terrace St
3
Georgian Hills Achievement Elementary School (ASD)
Public District PK-5
0.7 mi
•3930 Leweir St
4
Libertas School
Public Charter PK-5
0.8 mi
•3777 Edenburg Dr
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 $33,017. Residents of Memphis, TN typically earn less than $<35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
53%
<35k
41%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
39%
Single, No Kids
29%
Single, with Kids
17%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
14%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Burlington
Big Lots
Stein Mart
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2342 Wellons Ave
The listing price of 2342 Wellons Ave property is $112,000.
The property 2342 Wellons Ave is a house located in Memphis, Tennessee, 38127.
Active Listing: 2342 Wellons Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2342 Wellons Ave are: Hawkins Mill Elementary School (GreatSchools Rating 4/10), Georgian Hills Achievement Elementary School (ASD) (GreatSchools Rating 3/10), Libertas School (GreatSchools Rating 4/10), Georgian Hills Middle School (GreatSchools Rating 4/10), Memphis Business Academy Middle School (GreatSchools Rating 4/10), Grandview Heights Middle School (GreatSchools Rating 3/10), Trezevant High School (GreatSchools Rating 3/10), Memphis Business Academy High School (GreatSchools Rating 4/10), Martin Luther King Preparatory High School (ASD) (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,008 (source: MLS/based on county public records data).
The last sale was on February 25, 2020 for $39,000 (source: MLS/tax record).
The property at 2342 Wellons Ave has 3 bedrooms and 1 full and 1 half bathrooms.
The year of construction for 2342 Wellons Ave is 1961.
This home is located at 2342 Wellons Ave in Memphis, TN and zip code 38127 in the Rangeline neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $112,000.
In April 2025 more than 51 listings in Memphis, TN were sold above the asking price. During the same period more than 116 listings were sold at asking price, while more than 223 were sold below. The number of listings in Memphis, TN increased by 13.8% between March and April 2025.
From Rocket Homes Real Estate and based on county public records data.