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3251 Old Getwell, Memphis, TN 38118

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For Sale

$3,350,000

Estimated Payment

$ 17,475 /mo. †

6.65% APR for 30 yrs.
$3,240 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

This 48-unit property is a value add opportunity located near East Memphis. There are 43-3/BR units and 5-2/BR units. The scheduled monthly income is 45509 per month at full occupancy. 12 units are remaining to be rehabbed. Drive by only. Please do not disturb residents.
MLS# 10192160

Courtesy Of Crye Leike, Inc.

(901) 758-5670

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 3251 Old Getwell, Memphis, TN 38118

Home seller CENTURY 21 Patterson & Associates Real Estate Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Patterson & Associates Real Estate Co.

(901) 701-1064
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $17,205
  • Property Taxes
    $270
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $17,475

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Getwell Elementary School

Grades PK-5 Public School

Memphis, TN 38118 0.9 miles
2795 getwell rd

476 total students
14:1 Student teacher ratio

School Rating: C-

School Details

American Way Middle School

Grades 6-8 Public School

Memphis, TN 38118 1.1 miles
3805 american way

713 total students
17:1 Student teacher ratio

School Rating: D+

School Details

Sheffield High School

Grades 9-12 Public School

Memphis, TN 38118 0.7 miles
4315 sheffield ave

559 total students
16:1 Student teacher ratio

School Rating: D-

School Details
Other Nearby Schools Distance Type Grades School Rating
Parkway Village Elementary School 0.7 miles Public PK-5 B-
Shrine School 0.7 miles Public PK-12
Sheffield Elementary School 0.7 miles Public PK-5 C-
Goodlett Elementary School 0.8 miles Public PK-5
Sheffield Career Technology Center 0.8 miles Public 10-12
Knight Road Elementary School 1.2 miles Public PK-5
South Park Elementary School 1.7 miles Public PK-5 C
Oakhaven High School 1.8 miles Public 9-12 C
Oakhaven Elementary School 1.8 miles Public PK-5 C
Oakhaven Middle School 1.8 miles Public 6-8 D
Leadership Preparatory Charter School 1.8 miles Public KG-6 C+
Memphis Merit Academy 1.9 miles Public KG-2
Hooks Dimmick Child Care Center 2 miles Public PK
Word Of Faith Christian Academy 2 miles Private PK-8
Willow Oaks Elementary School 2 miles Public PK-5 C-
Sharpe Elementary School 2 miles Public PK-5 D+
Evans Elementary School 2 miles Public PK-5 D

Parkway Village Elementary School

Distance: 0.7 miles

Type Public

Grades: PK-5

B-

Shrine School

Distance: 0.7 miles

Type Public

Grades: PK-12

Sheffield Elementary School

Distance: 0.7 miles

Type Public

Grades: PK-5

C-

Goodlett Elementary School

Distance: 0.8 miles

Type Public

Grades: PK-5

Sheffield Career Technology Center

Distance: 0.8 miles

Type Public

Grades: 10-12

Knight Road Elementary School

Distance: 1.2 miles

Type Public

Grades: PK-5

South Park Elementary School

Distance: 1.7 miles

Type Public

Grades: PK-5

C

Oakhaven High School

Distance: 1.8 miles

Type Public

Grades: 9-12

C

Oakhaven Elementary School

Distance: 1.8 miles

Type Public

Grades: PK-5

C

Oakhaven Middle School

Distance: 1.8 miles

Type Public

Grades: 6-8

D

Leadership Preparatory Charter School

Distance: 1.8 miles

Type Public

Grades: KG-6

C+

Memphis Merit Academy

Distance: 1.9 miles

Type Public

Grades: KG-2

Hooks Dimmick Child Care Center

Distance: 2 miles

Type Public

Grades: PK

Word Of Faith Christian Academy

Distance: 2 miles

Type Private

Grades: PK-8

Willow Oaks Elementary School

Distance: 2 miles

Type Public

Grades: PK-5

C-

Sharpe Elementary School

Distance: 2 miles

Type Public

Grades: PK-5

D+

Evans Elementary School

Distance: 2 miles

Type Public

Grades: PK-5

D

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Memphis, TN 38118

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Memphis, TN 38118

This community’s employment is highest in the transportation and administrative support industries. The area’s overall household expenses are below the national average.

91° July
Hottest Average Month
30° January
Coldest Average Month
12,665 Total Households in Area
-1.2% Increase in population since the year 2010
38.8%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Memphis, TN 38118

Memphis, TN 38118 has a population of 37,657 people in 12,665 households with a median age of 29.8 years old.

-1.2%
Decrease in population
since the year 2010
Population is Trending down
13,050
Total households as of 2010
0.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 29.8 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Black 72%
Hispanic 20%
Other 16%
White 6%
Asian 1%
Native American <1%
The most prevalent ethnicity is Black at 72%, followed by Hispanic at 20%, Other at 16%, and White at 6%.

Economics
for Memphis, TN 38118

1,237 /sq mi
Population Density
$42,052 /yr
Median Household Income
$115,400
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.64% of the households.

Transportation to Work

  • Drive 94%
  • Work from Home 3%
  • Public Transit 2%
  • Walk or Bike 1%

Occupancy by Type

Rented 7,426 50%
Owned 5,239 35%
Vacant 2,307 15%

White vs Blue Collar Jobs







Blue Collar 52%
White Collar 48%

Family & Education Facts
for Memphis, TN 38118

29.8 Median Age

Average Household Size

3
persons per
household

26.4%

Married Households

Community Population By Education

High School Graduate 37%
Some College 25%
Some High School 21%
Bachelors Degree 8%
Associates Degree 6%
Graduate Degree 3%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 37.32% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
38.8% of households have children

Weather
for Memphis, TN 38118

The weather for this area ranges from a high of 91° F in July to a low of 30° F in January

91° July
Hottest Average Month
30° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
30°
48°
Feb
33°
53°
Mar
41°
62°
Apr
51°
72°
May
59°
80°
Jun
67°
88°
Jul
71°
91°
Aug
69°
90°
Sep
62°
84°
Oct
50°
74°
Nov
40°
62°
Dec
33°
52°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Memphis, TN 38118!
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Copyright © 2025 Memphis Area Association of Realtors&#174;. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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