5-Unit Garden Apartment
New
For Sale
$292,500
1025 S WELLINGTON St, Memphis, TN 38126
Multi-Family, Memphis, TN
Property Size3,772 SF
Price / SF$77.55
Days on Market6
Property Features for 1025 S WELLINGTON St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
WASHI GTON HEIGHTS BLK 7
Standard status
Active
Size
3,772 SF
Taxes and HOA fees
Tax Annual Amount
687
Building Details
Year built
1968
Listing Agency:
Sowell, Realtors
(901) 278-4380
Listed By:
Joshua Cooper
(901) 871-1204
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 23 at 9:06AM
MLS# 10228654
Copyright © 2026 Memphis Area 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.
This 5-unit garden apartment property contains 3,772 square feet and was built in 1968. The building has received substantial system updates, including roof, plumbing, electrical, and mechanical work completed in January 2022. Iron stairs at both ends were replaced in March 2024. Current occupancy is 80 percent.
The property is located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. Its five-unit configuration and documented capital improvements provide a clear physical profile for investors evaluating a small multifamily asset.
The property is located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. Its five-unit configuration and documented capital improvements provide a clear physical profile for investors evaluating a small multifamily asset.
Key Highlights
- Five‑unit garden apartment property with 3,772 square feet
- 80% current occupancy
- Roof, plumbing, electrical, and mechanical work completed January 2022
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 - Renovated garden-style property near Downtown Memphis with current occupancy and nearby cultural and educational institutions.
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: Five‑unit garden apartment property with 3,772 square feet; 80% current occupancy; Roof, plumbing, electrical, and mechanical work completed January 2022
