Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1,275 per month and is on a lease from 12/01/2020 - 06/30/2027. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.
Mc Kellar-Whitehaven-Levi Pd, located between the Mississippi River bluffs and Memphis International Airport, is a residential and commercial Memphis neighborhood with leafy parkways and big-sky riverfront edges. The neighborhood’s character concentrates around Elvis Presley Blvd at E Parkway S, where neon-lit attractions, barbecue counters, and souvenir storefronts set a steady hum. Housing ranges from mid-century ranches to brick cottages, with wide lots and mature trees shaping the streetscape. T.O. Fuller State Park adds trails and open greens, while the river corridor frames sunsets and freight traffic. Graceland and the Stax Museum of American Soul Music anchor local culture with music history on full display.
Provided by Walk Score and Local Logic
Offer insights
4848 Neely Rd · $124,900
$125K and above
75% chance or better to win
Why $125K+ is a strong offer
DAYS ON MARKET
74 days
The average home goes pending in 38 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Updated/renovated kitchen
Wood laminate floors
Six total rooms
Single-story layout
All bedrooms on the main level
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
One full bathroom
One half bathroom
Kitchen
Renovated kitchen (appliances not specified)
Flooring
Wood laminate flooring
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought iron security doors
Brick veneer exterior
Level lot
Home design
Detached single-family home
Traditional style
Built in 1966
Existing property
Parking
Driveway/pad parking
One covered parking space
Security
Wrought iron security doors
Construction
Composition shingle roof
Slab foundation
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10225687
Aug 17, 2026
Price Changed
$124,900
Jul 9, 2026
Listed
$129,900
Memphis Area Association of Realtors(R) MLS #10085629
Nov 17, 2020
Sold
$89,900
Sep 24, 2020
Listed
$89,900
+6
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $825 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Public Records
Sep 3, 2020
Sold
$135,000
Public Records
Apr 4, 1994
Sold
$39,200
Public Records
Dec 30, 1992
Sold
$37,286
Public Records
Aug 10, 1973
Sold
$21,750
Year
Property tax
Land + Additions
Assessment*
2025
$1,735 (+19.1%)
$3,875 + $29,050
$32,925
2024
$1,457 (+8.1%)
$3,875 + $29,050
$32,925
2023
$1,348
$2,700 + $19,425
$22,125
2022
$1,348 (−1.2%)
$2,700 + $19,425
$22,125
2021
$1,364 (+42.3%)
$2,700 + $19,425
$22,125
2020
$958
$2,700 + $19,425
$22,125
2019
$958
$2,700 + $10,525
$13,225
2018
$958 (+76.3%)
$2,700 + $10,525
$13,225
2017
$544 (−2.9%)
$2,700 + $10,525
$13,225
2016
$560
$2,700 + $10,525
$13,225
2014
$560
$2,700 + $10,125
$12,825
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
65 ft.
Lot depth
120 ft.
Lot size
7,800 Sq. Ft.
Year renovated
1980
Finished Sq. Ft.
1,142
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,142
Year built
1966
Style
Single Family Residential
County
Shelby County
APN
076095 00034
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
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
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
18% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4848 Neely Rd
$123,231
$1,669 under list price of $125K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $82K to $128K.