$125,000

1111 N WATKINS AVE, Memphis, TN 38107

4 beds |
2 baths |
1,862 sqft

Single-Family Home
Built in 1945
9,148sqft lot
—— car garage
$67/sqft
Listed 14 days ago

Property Description

This beautifully renovated Klondike home offers a chance to build roots, not just equity. Owner-occupant buyers may purchase for $125,000 through the Klondike Community Land Trust, a community-based model that keeps homes affordable over time, or buy at $175,000 at market rate with no restrictions. The Community Land Trust option includes a simple application, brief homebuyer training, and long-term affordability protections—making this a great fit for buyers who plan to live in the home and invest in the neighborhood’s future. If you’re looking for more than just a house—if you’re looking for a place to belong and build—this home may be the perfect fit.

Listing Status:: Active
Date Added:: February 18, 2026
Data Last Updated:: March 4, 2026 at 4:44AM
Listing Office:: Franchise Realty, LLC : 901-308-2819
MLS ID:: 10214942

Rooms: 8
Flooring: Wood Laminate Floors
A/C: Central
Heating: Central
Fireplace: Fireplaces: 0

General: Brick VeneerWrought Iron Security Drs
Style: Traditional
Pool: None
Parking: Driveway/Pad

General: 1

County: Vollintine/Northside

Zoning: 040030 00013

This listing courtesy of Franchise Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Perea Elementary School

1250 Vollintine Ave, Memphis, TN, 38107

Grades KG-2

0.36 miles away

Believe Memphis Academy Charter School

1250 Vollintine Ave, Memphis, TN, 38107

Grades 4-7

0.36 miles away

Crosstown High School

1365 Tower Ave, Memphis, TN, 38104

Grades 9-11

1.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.