2312 Wellons Ave, Memphis, TN, 38127
About This Home
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)! $1,050,000.00 (PRICE UPDATED for bundle!). 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.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1961
Materials
- Foundation: Slab
- Roof: Composition Shingles
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedroom2
- Features: Hardwood Floor
Bedroom3
- Features: Hardwood Floor
Bedroom4
- Features: Hardwood Floor
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Den
- Area: 168
Dining Room
- Area: 100
Features
- All Bedrooms Down,Primary Down,Full Bath 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)
- Window features: Wood Frames
- Flooring: Hardwood,Tile
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Window Unit(s)
Interior Area
- Total interior livable area: 1,188 sqft
Kitchen
- Features: Eat-in Kitchen,Washer/Dryer Connections
Living Room
- Area: 168
Master Bathroom
- Features: Full Bath
Master Bedroom
- Features: Tile Floor
- Level: First
- Area: 100
Property
Details
- Parcel number: 071048 00125
Features
- Stories: 1
- Pool features: None
- Exterior features: Other (See REMARKS)
Lot
- Lot size: 0.30 Acres
- Features: Corner Lot
- Lot size dimensions: 116 x 117
Parking
- Total spaces: 2
- Parking features: Driveway/Pad
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $883 | $10,596 |
| Home Insurance | $368 | $4,416 |
| Property Taxes | $141 | $1,692 |
| Electricity | $175 | $2,103 |
| Total | $1,567 | $18,804 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $174,800 |
| 2026-03-18 | Listed for sale | $174,900 |
| 2025-01-21 | Listing removed | $1,050 |
| 2024-12-31 | Listed for rent | $1,050 |
| 2023-06-25 | Listing removed | -- |
| 2023-05-28 | Listed for rent | $1,025 |
| 2022-12-16 | Listing removed | -- |
| 2022-12-13 | Listed for rent | $1,025 |
| 2022-05-28 | Listing removed | -- |
| 2022-05-03 | Price change | $110,000 |
| 2022-04-29 | Listed for sale | $675,000 |
| 2019-09-26 | Listing removed | $25,900 |
| 2019-07-08 | Price change | $25,900 |
| 2019-06-27 | Listed for sale | $29,000 |
| 2018-05-30 | Sold | $14,508 |
| 2005-03-09 | Sold | $27,000 |
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