SOLD NOV 14, 2025

Off market nov 2025 for $500K

$533,117

Est. refi paymentEst. refi $3,464/mo

•

View

sq ft

4563 Aldersgate Rd, Memphis, TN 38117

About this home

Incredible and Rare investment opportunity! Belle Meade duplex in the heart of East Memphis. Both units with Great living spaces, updates, nice size back yards, and a 2 car attached carport. Wonderful long term tenants. These properties have no problem renting!4563 with 2BR/2BA and freshly updated kitchen and baths. 4565 Aldersgate occupied with great long term tenant and 3BR/2 full baths. You Can't beat the location in the White Station School District and minutes from Memphis's best private schools; this home is a rare find in a prime location. The perfect opportunity for living in Belle Meade with income stream!Owners have taken great care of property.

Multi-familyProperty Type

1960Year Built

4 spacesParking

Listed by Conlee Stringfellow • Ware Jones, REALTORS

Bought with Cecilia Fernandez • The Home Partners Realty

Redfin checked: 3 minutes ago

•Source:Memphis Area Association of Realtors(R) MLS #10205381

Redfin Estimate

$533,117

$33K since sold in November 2025$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23.5% lower than the average sale price ($697K) of 6 comparable homes.

SOLD JUN 29, 2026
$999,900
A
5 beds5.5 baths— sq ft
59 Devon Way, Memphis, TN 38111
SOLD MAY 29, 2026
$640,000
B
4 beds3 baths— sq ft
40 N Goodlett St, Memphis, TN 38117
SOLD MAY 28, 2026
$435,000
C
4 beds4 baths— sq ft
3758 Walnut Grove Rd, Memphis, TN 38111
SOLD DEC 10, 2025
$469,000
D
5 beds3.5 baths3,200 sq ft
3850 Poplar Ave, Memphis, TN 38111
SOLD AUG 7, 2026
$1,115,000
E
4 beds5 baths— sq ft
4024 N Galloway Dr, Memphis, TN 38111
SOLD MAY 7, 2026
$525,000
F
4 beds4 baths— sq ft
3790 Walnut Grove Rd, Memphis, TN 38111

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Earn from this home

Refinance

Est. cash available

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Market trends in 38117, TN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

96.7%

1.0% MoM

Median sale price

$285K

$5K MoM

Avg. days on market

56d

20 days MoM

Recently sold homes

141

5 MoM

New listings for sale

$239,900
3 beds1.5 baths— sq ft
1452 S White Station Rd, Memphis, TN 38117
$2,750,000
5 beds6 baths— sq ft
4130 Gwynne Rd, Memphis, TN 38117
$250,000
3 beds2 baths— sq ft
1077 Wellsville Rd, Memphis, TN 38117
$210,000
3 beds1 bath— sq ft
1231 S White Station Rd, Memphis, TN 38117
$675,000
5 beds3.5 baths— sq ft
4002 Walnut Grove Rd, Memphis, TN 38117
$325,000
3 beds2 baths— sq ft
100 Wallace Rd, Memphis, TN 38117
$324,900
3 beds2 baths— sq ft
5143 Sequoia Rd, Memphis, TN 38117
$219,900
3 beds2 baths— sq ft
748 Hedgegrove Dr #4803, Memphis, TN 38117
$359,900
3 beds2 baths— sq ft
5179 Peg Ln, Memphis, TN 38117
$200,000
3 beds2 baths— sq ft
4400 Poplar Ave #17, Memphis, TN 38117
See all

Provided by Redfin

Sale history for 4563 Aldersgate Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,119 (−10.7%)

$34,000 + $85,625

$119,625

2024

$5,734 (+8.1%)

$34,000 + $63,125

$97,125

2023

$5,304

$33,125 + $53,950

$87,075

2022

$5,304 (−1.2%)

$33,125 + $53,950

$87,075

2021

$5,366 (+1.1%)

$33,125 + $53,950

$87,075

2020

$5,308

$33,125 + $53,950

$87,075

2019

$5,308

$33,125 + $40,125

$73,250

2018

$5,308 (+76.3%)

$33,125 + $40,125

$73,250

2017

$3,011 (−4.6%)

$33,125 + $40,125

$73,250

2016

$3,156

$33,125 + $40,125

$73,250

2014

$3,156

$36,625 + $35,600

$72,225

Tax history for 4563 Aldersgate Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,119 (−10.7%)

$34,000 + $85,625

$119,625

2024

$5,734 (+8.1%)

$34,000 + $63,125

$97,125

2023

$5,304

$33,125 + $53,950

$87,075

2022

$5,304 (−1.2%)

$33,125 + $53,950

$87,075

2021

$5,366 (+1.1%)

$33,125 + $53,950

$87,075

2020

$5,308

$33,125 + $53,950

$87,075

2019

$5,308

$33,125 + $40,125

$73,250

2018

$5,308 (+76.3%)

$33,125 + $40,125

$73,250

2017

$3,011 (−4.6%)

$33,125 + $40,125

$73,250

2016

$3,156

$33,125 + $40,125

$73,250

2014

$3,156

$36,625 + $35,600

$72,225

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

110 ft.

Lot depth

200 ft.

Lot size

0.51 Acres

Year renovated

1995

Sq. Ft.

3,978

Year built

1960

Style

Multi-Family (2-4 Unit)

County

Shelby County

APN

057018 00005

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 13, 2026.

RU-1

Residential Urban-1 District

Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space

Property details

Parking

Parking Information
# of Covered Parking Spaces: 4
Parking: Driveway/Pad, Other (See Remarks)

Interior

Bedroom Information
# of Bedrooms (Lower): 2
# of Bedrooms: 2
Master Bedroom Dimensions:
Bedroom 2 Dimensions:

Bathroom Information
# of Baths (Full): 2

Interior Features
# of Stories: 1
Approximate Sq. Ft. (Entire Duplex): 4000-4499
Miscellaneous Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs
Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
Appliances / Equipment: Refrigerator, Range/Oven (Built-In), Disposal, Dishwasher

Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:

Multi-Unit Information
Percent Occupancy: 50

Unit 1 Information
Unit Information: Updated/Renovated Kitchen, Eat-In Kitchen, Separate Living Room, Separate Dining Room, Separate Den, Dining Area
Monthly Rent: $2,150
# of Bedrooms (Total): 2
# of Bedrooms (Lower Level): 2
# of Bathrooms (Total): 2
# of Bathrooms (Full): 2
Master Bedroom Dimension:
Bedroom 2 Dimension:
Den/Great Room Dimensions:
Living Room Dimension:
Dining Room Dimension:
Sq. Ft. Heated Area: 1800-1999

Unit 2 Information
Unit Information: Separate Living Room, Separate Dining Room, Separate Den, Dining Area
Monthly Rent: $1,800
# of Bedrooms (Total): 3
# of Bedrooms (Lower Level): 3
# of Bathrooms (Total): 2
# of Bathrooms (Full): 2
Master Bedroom Dimension:
Bedroom 2 Dimension:
Bedroom 3 Dimension:
Dining Room Dimension:
Living Room Dimension:
Den/Great Room Dimension:
Sq. Ft. Heated Area: 2400-2599

Exterior

Exterior Features
Pool Description: None
Patio
Exterior / Windows: Brick Veneer
Roof: Composition Shingles

Lot Information
Parcel ID: 057018 00005
Lot #: 5
Lot Size: 110X200
Lot Description: Professionally Landscaped, Wood Fenced
Area: 755F

Property Information
Built as Duplex
Style: Traditional
Year Built: 1960

Financial

Tax Information
Annual City Tax: $2,782
Annual County Tax: $2,952

Lease / Rent Information
Type Of Leases: Monthly
Tenants Pay: All Utilities

Financing
New Financing: Conventional

Utilities

Utility Information
Hot Water: Gas
Heating: Central
Cooling: Central Cooling

Location

Location Details
Directions: Turn right on Aldersgate from Perkins. Home will be on your left.
MAAR Subdivision Name: BELLE MEADE

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 3,978
Stories: 1.0
Lot Size: 0.51 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: 1995
County: Shelby County
APN: 057018 00005

Home facts updated by county records on Jul 13, 2026

Around this home

Schools

White Station Elementary School

Public PreK-5 • Assigned • 1.4mi

6/10

White Station Middle School

Public 6-8 • Assigned • 2.1mi

8/10

White Station High School

Public 9-12 • Assigned • 0.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 109° expected this year, 21 days in 30 years

4/10 Wind Factor

16% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Memphis, TN • 38117

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.5 hours in June and 4.8 hours in December, placing it above the U.S. average for solar exposure.

10.5 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$507,000 – $614,000

Sell confidently with a local market expert in Memphis. 3 minutes to get started.

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New listings for sale in 38117

$239,900

3 beds1.5 baths— sq ft

1452 S White Station Rd, Memphis, TN 38117

$2,750,000

5 beds6 baths— sq ft

4130 Gwynne Rd, Memphis, TN 38117

$250,000

3 beds2 baths— sq ft

1077 Wellsville Rd, Memphis, TN 38117

$210,000

3 beds1 bath— sq ft

1231 S White Station Rd, Memphis, TN 38117

$675,000

5 beds3.5 baths— sq ft

4002 Walnut Grove Rd, Memphis, TN 38117

$325,000

3 beds2 baths— sq ft

100 Wallace Rd, Memphis, TN 38117

$324,900

3 beds2 baths— sq ft

5143 Sequoia Rd, Memphis, TN 38117

$219,900

3 beds2 baths— sq ft

748 Hedgegrove Dr #4803, Memphis, TN 38117

$359,900

3 beds2 baths— sq ft

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Home values near 4563 Aldersgate Rd

Data from public records.

Address	Redfin Estimate
4562 Aldersgate Road, Memphis, TN 3 Beds \| 2.5 Baths \| - Sq. Ft.	$409,599
4575 Aldersgate Road, Memphis, TN 6 Beds \| 5 Baths \| - Sq. Ft.	$401,107

Address	Redfin Estimate
4531 Aldersgate Road, Memphis, TN 4 Beds \| 4 Baths \| 3800 Sq. Ft.	$655,609
4553 Aldersgate Road, Memphis, TN 6 Beds \| 4.5 Baths \| - Sq. Ft.	$446,905

Address	Redfin Estimate
4552 Aldersgate Road, Memphis, TN 5 Beds \| 2.5 Baths \| 2428 Sq. Ft.	$455,360
4542 Aldersgate Road, Memphis, TN 5 Beds \| 3.5 Baths \| 3800 Sq. Ft.	$622,442

Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 38117, TN

Sale history for 4563 Aldersgate Rd

Tax history for 4563 Aldersgate Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 38117

Home values near 4563 Aldersgate Rd

More real estate resources