Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $895 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Single-familyProperty Type
1958Year Built
0.34 acresLot Size
$143Est. Price/Sq.Ft.
1 spaceParking
Listed by Jim Reedy• Reedy Group II, LLC
Bought with Bradley Reedy• Reedy Group II, LLC
Source:Memphis Area Association of Realtors(R) MLS #10096951
Redfin Estimate
$139,646
$854 since sold in January 2025$2,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 30% higher than the average sale price ($107K) of 5 comparable homes.
Memphis Area Association of Realtors(R) MLS #10096951
Jun 17, 2021
Sold
$109,900
$113/sq ft
Apr 10, 2021
Listed
$109,900
$113/sq ft
+4
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $895 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
Apr 1, 2021
Sold
$63,000
$65/sq ft
Memphis Area Association of Realtors(R) MLS #1
Nov 3, 2020
Price Changed
$65,000
$67/sq ft
Public Records
Jul 18, 2011
Sold
$49,000
$50/sq ft
Memphis Area Association of Realtors(R) MLS #3218348
Mar 30, 2011
Sold
$15,215
$16/sq ft
Mar 1, 2011
Listed
$13,900
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,662 (+22.6%)
$3,375 + $28,150
$31,525
2024
$1,355 (+8.1%)
$3,375 + $28,150
$31,525
2023
$1,253
$2,375 + $18,200
$20,575
2022
$1,253 (+59.2%)
$2,375 + $18,200
$20,575
2021
$787 (+10.9%)
$2,375 + $18,200
$20,575
2020
$710
$2,375 + $10,400
$12,775
2019
$710
$2,375 + $7,425
$9,800
2018
$710 (+76.3%)
$2,375 + $7,425
$9,800
2017
$403 (−1.8%)
$2,375 + $7,425
$9,800
2016
$410
$2,375 + $7,425
$9,800
2014
$410
$2,500 + $6,900
$9,400
Tax history for 4945 Neely Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,662 (+22.6%)
$3,375 + $28,150
$31,525
2024
$1,355 (+8.1%)
$3,375 + $28,150
$31,525
2023
$1,253
$2,375 + $18,200
$20,575
2022
$1,253 (+59.2%)
$2,375 + $18,200
$20,575
2021
$787 (+10.9%)
$2,375 + $18,200
$20,575
2020
$710
$2,375 + $10,400
$12,775
2019
$710
$2,375 + $7,425
$9,800
2018
$710 (+76.3%)
$2,375 + $7,425
$9,800
2017
$403 (−1.8%)
$2,375 + $7,425
$9,800
2016
$410
$2,375 + $7,425
$9,800
2014
$410
$2,500 + $6,900
$9,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
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
Feb 18, 2021 • Final
Residential plumbing
Plumbing
Oct 7, 2020 • Final
Residential mechanical
Install a new gas water heater.
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Air Conditioning Type: Central and Unit
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Good
Building Style Type: Ranch
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: HOLMES ROAD 1ST ADD
Living Sq. Ft: 975
Ground Floor Sq. Ft: 975
Building Sq. Ft: 975
# of Stories: 1
Stories Type: 1
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 190
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 14,773
Legal Lot Number: 198
Municipality Name: MEMPHIS
Acres: 0.3391
Depth Footage: 129
Front Footage: 115
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 975
Stories: 1.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: 1990
County: Shelby County
APN: 076126 00007
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Geeter School
Public PreK-8 • Assigned • 0.9mi
4/10
Fairley High School
Charter 9-12 • Assigned • 0.3mi
4/10
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
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% 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
90
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$133,000 – $161,000
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