5-Unit Garden Apartment
For Sale
$292,500
1025 S Wellington St, Memphis, TN 38126
Garden-style multifamily property with recent building-system upgrades and current occupancy across its apartment units.
Property Size3,772 SF
Price / SF$77.55
Days on Market10
Property Features for 1025 S Wellington St
General Information
Standard status
Active
Size
3,772 SF
Property subtype
Multi-Family
Occupancy
80%
Additional Details
Multifamily Units
5
Building Details
Year Built
1968
Year Renovated
2024
Construction
garden-style
Listing Agency:
Lawrence Johnson, Realtors
(901) 591-8100
Listed By:
John Quinn
(901) 591-8100
Source:
Johnquinnrealestate
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 10:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lawrence Johnson, Realtors
Investment Insights
Based on property information with market context.
This 5-unit garden apartment property contains 3,772 square feet and was built in 1968. Recent capital improvements include replacement of the roof, plumbing, electrical, and mechanical systems completed in January 2022, along with iron stair replacements at both ends completed in March 2024. The property is currently 80% occupied.
The property is located at 1025 S Wellington St in Memphis, near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. Its apartment configuration and documented updates provide a clear physical profile for multifamily ownership and evaluation.
The property is located at 1025 S Wellington St in Memphis, near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. Its apartment configuration and documented updates provide a clear physical profile for multifamily ownership and evaluation.
Key Highlights
- 5‑unit garden apartment property with 3,772 square feet
- New roof, plumbing, electrical, and mechanical work completed January 2022
- New iron stairs at both ends replaced March 2024
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 38126, TN
5,717
Population
3,260
Households
1.8
Avg Household Size
32
Median Age
14%
College-Educated
82%
High-School Grad
1.9 sq mi
ZIP Area
3,009
Density / Sq Mi
$30,825
Median Household Income
$32,396
Median Earnings
$794
Median Rent
$59,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style multifamily property with recent building-system upgrades and current occupancy across its apartment units.
Where is this apartment building located?
The property is located at 1025 S Wellington St Memphis, TN.
What is the asking price?
The asking price for this property is $292,500.
What are key features of this property?
This property features: 5‑unit garden apartment property with 3,772 square feet; New roof, plumbing, electrical, and mechanical work completed January 2022; New iron stairs at both ends replaced March 2024
