For sale

$174,800

2312 Wellons Ave, Memphis, TN 38127

2beds

1,188sqft

$1,216/mo

Get pre-qualified

Single Family Residence

Built in 1961

0.3 Acres Lot

$161,100 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.

169 days
19
2

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: 169 days

Estimated market value

$161,100

$151,000 - $171,000

$905/mo

Price history

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

Public tax history

Year	Property taxes	Tax 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