Mixed-Use Residential Income
For Sale
Contact for pricing
Pending
1024 Wellington St, Memphis, TN 38126
Mixed-use residential income property featuring 2BA/1BA units and 100% occupancy.
Property SizeContact for details
Days on Market134
Property Features for 1024 Wellington St
General Information
Standard status
Pending
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Listing Agency:
Braden, Braden & Braden CRE
(901) 881-2070
Listed By:
John Cornes, CCIM · License #303183
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 21 at 5:31PM
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 Braden, Braden & Braden CRE
Investment Insights
Based on property information with market context.
This mixed-use residential income property includes units configured as 2BA/1BA. The property is currently reported as 100% occupied, with gross scheduled rents noted at $1,400 per month. Tenant leasing is described as long-term with month-to-month leases.
The property is located approximately four minutes from downtown Memphis, and a bus line is available at the corner. The address is listed as 1024 Wellington St, Memphis, TN 38126, and the property is identified as being in a designated Opportunity Zone.
Per the listing remarks, a contract must be in place to schedule showings, and no showings are permitted without an approved contract; drive-by viewing is noted as allowed.
The property is located approximately four minutes from downtown Memphis, and a bus line is available at the corner. The address is listed as 1024 Wellington St, Memphis, TN 38126, and the property is identified as being in a designated Opportunity Zone.
Per the listing remarks, a contract must be in place to schedule showings, and no showings are permitted without an approved contract; drive-by viewing is noted as allowed.
Key Highlights
- All units are 2BA/1BA with 100% occupancy
- Gross scheduled rents are $1,400/mo
- Long‑term tenants with month‑to‑month leases
Property Analytics
Property Profile
Current Use
Lease Details
100%
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use residential income property featuring 2BA/1BA units and 100% occupancy.
Where is this mixed-use property located?
The property is located at 1024 Wellington St Memphis, TN.
What are key features of this property?
This property features: All units are 2BA/1BA with 100% occupancy; Gross scheduled rents are $1,400/mo; Long‑term tenants with month‑to‑month leases
