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For sale
    • Price cut: $100 (5/1)
    $174,800

    2312 Wellons Ave, Memphis, TN 38127

    2beds
    1,188sqft
    : 
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    Single Family Residence
    Built in 1961
    0.3 Acres Lot
    $163,800 Zestimate®
    $147/sqft
    $-- HOA

    What's special

    This beautiful brick 3-bedroom 1 bath Frayser neighborhood home is being offered together with five other income producing single-family homes. This is a pristine opportunity for a new investor to enter into the Rental / Investment real estate space or a "bundle deal" for a seasoned investor - Steady Income and Great Returns! The home is currently vacant and in need of mid-level rehab for no deferred maintenance. Owner has professional contractors available to complete rehab for "hands-off" investment! Other homes are 967 Maria, 973 Maria, 1185 Wrenwood, (Memphis TN), 2184 Ashland (Southaven, MS), 6467 Tulane (Horn Lake, MS) (three of the six homes are tenant occupied with long-term tenants - day one cashflow in place)! $975,000.00 is Bundle Price.? Bundle price reduced by $100k!!. Owner willing to rehab and sale to Owner Occupants separately as well! We specialize in investment properties and have other opportunities available! DO NOT Disturb Tenants. No inspections without contract.
    120 days
    |
    19
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Derrick D Brown,

    Independence Realty&Investment 662-985-0796

    Source: MAAR,MLS#: 10217061MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Features: Tile Floor
      • Level: First
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 2
      • Features: Hardwood Floor
      Bedroom 3
      • Features: Hardwood Floor
      Bedroom 4
      • Features: Hardwood Floor
      Primary bathroom
      • Features: Full Bath
      Dining room
      • Area: 100
      • Dimensions: 10 x 10
      Kitchen
      • Features: Eat-in Kitchen, Washer/Dryer Connections
      Living room
      • Area: 168
      • Dimensions: 14 x 12
      Den
      • Area: 168
      • Dimensions: 14 x 12
      Heating
      • Wall Furnace
      Cooling
      • Window Unit(s)
      Features
      • All Bedrooms Down, Full Bath Down, Primary Down, 1 Bath, 2nd Bedroom, 3rd Bedroom, Den/Great Room, Dining Room, Kitchen, Living Room, Primary Bedroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Hardwood, Tile
      • Windows: Wood Frames
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,188 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway/Pad
      • Covered spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Exterior features: Other (See REMARKS)
      • Pool features: None
      Lot
      • Size: 0.3 Acres
      • Dimensions: 116 x 117
      • Features: Corner Lot
      Details
      • Parcel number: 071048 00125

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Composition Shingles
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: St Elmo 5th Addition
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $147/sqft
      • Tax assessed value: $77,600
      • Annual tax amount: $1,023
      • Price range: $174.8K - $174.8K
      • Date on market: 3/18/2026
      • Cumulative days on market: 121 days

        Estimated market value

        $163,800

        $156,000 - $172,000

        $935/mo

        Price history

        DateEventPrice
        5/1/2026Price change$174,800-0.1%$147/sqft
        Source: MAAR #10217061 Report a problem
        3/18/2026Listed for sale$174,900+59%$147/sqft
        Source: MAAR #10217061 Report a problem
        1/21/2025Listing removed$1,050$1/sqft
        Source: Zillow Rentals Report a problem
        12/31/2024Listed for rent$1,050+2.4%$1/sqft
        Source: Zillow Rentals Report a problem
        6/25/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/28/2023Listed for rent$1,025$1/sqft
        Source: Zillow Rentals Report a problem
        12/16/2022Listing removed--
        Source: Zillow Rentals Report a problem
        12/13/2022Listed for rent$1,025$1/sqft
        Source: Zillow Rentals Report a problem
        5/28/2022Listing removed--
        Source: MAAR #10122876 Report a problem
        5/3/2022Price change$110,000-83.7%$93/sqft
        Source: MAAR #10122876 Report a problem
        4/29/2022Listed for sale$675,000+2506.2%$568/sqft
        Source: MAAR #10122876 Report a problem
        9/26/2019Listing removed$25,900$22/sqft
        Source: Crye-Leike, Inc., REALTORS #10056020 Report a problem
        7/8/2019Price change$25,900-10.7%$22/sqft
        Source: Crye-Leike, Inc., REALTORS #10056020 Report a problem
        6/27/2019Listed for sale$29,000+99.9%$24/sqft
        Source: Crye-Leike, Inc., REALTORS #10056020 Report a problem
        5/30/2018Sold$14,508-46.3%$12/sqft
        Source: Public Record Report a problem
        3/9/2005Sold$27,000$23/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,023 +22.3%$19,400 +52.8%
        2024$836 +8.1%$12,700
        2023$774 $12,700
        2022-- $12,700
        2021-- $12,700 +24.5%
        2020$326 $10,200
        2019$326 -21.1%$10,200
        2018$413 -45.1%$10,200
        2017$753 +84.1%$10,200 -15.2%
        2016$409 -14.8%$12,025
        2014$480 $12,025
        2013-- $12,025 -20.1%
        2012-- $15,050
        2011-- $15,050
        2010-- $15,050
        2009-- $15,050 +3.4%
        2008-- $14,550
        2007-- $14,550
        2006-- $14,550
        2005-- $14,550 -0.5%
        2004-- $14,625
        2003-- $14,625
        2002-- $14,625
        2001-- $14,625 +12.7%
        2000-- $12,975
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Shelby Forest-Frayser

        Getting around

        7 / 100
        Car-Dependent
        21 / 100
        Minimal Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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