Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $995 per month and is on a lease from 08/04/2025 - 08/03/2026. 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
5071 Neely Rd · $122,900
$123K and above
75% chance or better to win
Why $123K+ is a strong offer
DAYS ON MARKET
166 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Six total rooms
Single-story layout
Living room and dining room combined
Updated/renovated kitchen
Bedrooms
Three bedrooms, all on the main/lower level
Bathrooms
One full bathroom
Kitchen
Updated/renovated kitchen (appliances not specified)
Flooring
Tile flooring
Wood laminate flooring
Heating & cooling
Central heating
Central air conditioning
Exterior features
Level lot
Wrought iron security doors
Brick veneer exterior
Home design
Detached single-family home
Traditional style
Built in 1958
Parking
One covered parking space
Driveway/pad parking
Security
Wrought iron security doors
Construction
Conventional foundation
Composition shingle roof
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 #10217637
Jul 27, 2026
Price Changed
$122,900
Mar 25, 2026
Listed
$127,900
TENANTTURNER2 #1
Jul 16, 2025
Rental Removed
$1,035
Jul 3, 2025
Listed for Rent
$1,035
Memphis Area Association of Realtors(R) MLS #10049414
Apr 24, 2019
Sold
$70,000
Apr 1, 2019
Listed
$70,000
+4
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $700 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Year
Property tax
Land + Additions
Assessment*
2025
$1,489 (+21.7%)
$3,375 + $24,875
$28,250
2024
$1,223 (+8.1%)
$3,375 + $24,875
$28,250
2023
$1,132
$2,375 + $16,200
$18,575
2022
$1,132 (−1.2%)
$2,375 + $16,200
$18,575
2021
$1,145 (+62.9%)
$2,375 + $16,200
$18,575
2020
$703
$2,375 + $16,200
$18,575
2019
$703
$2,375 + $7,325
$9,700
2018
$703 (+76.3%)
$2,375 + $7,325
$9,700
2017
$399 (−2.0%)
$2,375 + $7,325
$9,700
2016
$407
$2,375 + $7,325
$9,700
2014
$407
$2,500 + $6,825
$9,325
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
78 ft.
Lot depth
136 ft.
Lot size
10,599 Sq. Ft.
Year renovated
1989
Finished Sq. Ft.
975
Unfinished Sq. Ft.
—
Total Sq. Ft.
975
Year built
1958
Style
Single Family Residential
County
Shelby County
APN
076128 00014
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
Oct 7, 2020 • Final
Residential electrical
Rebuild and remount the electrical service.
Electrical
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.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being 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
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 2% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5071 Neely Rd
$119,409
$3,491 under list price of $123K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $90K to $150K.