1025 South Wellington Street, Memphis, TN 38126

Building Details

Year Built

1968

Listing office Sowell, Realtors j***@sowellrealtors.com Show Phone

Listing date Mar 13, 2026

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Overview

This 5-unit garden apartment is centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. New iron stairs on both ends were replaced in March 2024. A new roof, plumbing, electrical, and mechanical work were completed in January 2022. The property is currently 80% occupied, with annual scheduled rents of $38,820 and a potential of $42,000 in annual rents. This property is part of a package of 18 properties and is intended for investors.

Suggested Use

Real Estate Agency Law Firm Dental Office Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Skin Care Clinic Parking Lot & Garage Pharmacy Bakery

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Memphis

County

Shelby

State

Tennessee

Longitude

-90.0475016

Latitude

35.119217

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FAQs

What type of property is this?

Apartment building - Centrally located 5-unit apartment building near Downtown Memphis.

Where is this apartment building located?

The property is located at 1025 South Wellington Street Memphis, TN.

What is the asking price?

The asking price for this property is $299,400.

What are key features of this property?

This property features: 5‑Unit Garden apartment; New roof, plumbing, electrical, and mechanical systems (January 2022); New iron stairs replaced March 2024