Great investment opportunity!! Well maintained Tenant occupied cash flowing property in quiet community. Same tenant professionally managed for 7 years at $700 per month. Please do not disturb or approach the tenant but definitely worth driving by. No showings until under contract.
Single-familyProperty Type
1958Year Built
9,583 sq ftLot Size
$116Est. Price/Sq.Ft.
2 spacesParking
Listed by Vincent Smith• REMAX Experts
Bought with Tyler Tapley• Crye-Leike, Inc., REALTORS
Memphis Area Association of Realtors(R) MLS #10090298
Feb 10, 2021
Sold
$64,000
$64/sq ft
Dec 11, 2020
Listed
$67,500
$68/sq ft
Memphis Area Association of Realtors(R) MLS #3250602
Sep 21, 2012
Sold
$20,000
$20/sq ft
Jun 27, 2012
Listed
$24,900
$25/sq ft
GREAT INVESTMENT PROPERTY. LOVELY FIND IN WHITEHAVEN. PRICED TO SELL. MAKE AN OFFER. SOLD AS-IS.
Year
Property tax
Land + Additions
Assessment*
2025
$1,208 (+27.9%)
$3,375 + $19,550
$22,925
2024
$945 (+8.1%)
$3,375 + $19,550
$22,925
2023
$874
$2,375 + $11,975
$14,350
2022
$874 (−1.2%)
$2,375 + $11,975
$14,350
2021
$884 (+9.7%)
$2,375 + $11,975
$14,350
2020
$806
$2,375 + $11,975
$14,350
2019
$806
$2,375 + $8,750
$11,125
2018
$806 (+76.3%)
$2,375 + $8,750
$11,125
2017
$457 (−0.2%)
$2,375 + $8,750
$11,125
2016
$458
$2,375 + $8,750
$11,125
2014
$458
$2,500 + $8,000
$10,500
Tax history for 5138 Neely Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,208 (+27.9%)
$3,375 + $19,550
$22,925
2024
$945 (+8.1%)
$3,375 + $19,550
$22,925
2023
$874
$2,375 + $11,975
$14,350
2022
$874 (−1.2%)
$2,375 + $11,975
$14,350
2021
$884 (+9.7%)
$2,375 + $11,975
$14,350
2020
$806
$2,375 + $11,975
$14,350
2019
$806
$2,375 + $8,750
$11,125
2018
$806 (+76.3%)
$2,375 + $8,750
$11,125
2017
$457 (−0.2%)
$2,375 + $8,750
$11,125
2016
$458
$2,375 + $8,750
$11,125
2014
$458
$2,500 + $8,000
$10,500
*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
Permits
Beds
3
Baths
1
Stories
1
Lot width
76 ft.
Lot depth
130 ft.
Lot size
9,880 Sq. Ft.
Year renovated
—
Sq. Ft.
1,107
Year built
1958
Style
Single Family Residential
County
Shelby County
APN
076131 00041
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 mechanical
Install a new furnace and ductwork in a residential building.
HVAC
Oct 7, 2020 • Final
Residential electrical
Restore electrical service that has been disconnected for more than ninety days.
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.
Property details
Parking
Parking Information
# of Covered Parking Spaces: 2
Carport/Garage: Garage
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions: 12 x 11
Master Bedroom Dimensions: 12 x 11
Master Bedroom Description: Level 1
Bedroom 2 Dimensions: 10 x 10
Bedroom 2 Dimensions: 10 x 10
Bedroom 2 Description: Level 1
Bedroom 3 Dimensions: 10 x 10
Bedroom 3 Dimensions: 10 x 10
Bedroom 3 Description: Level 1
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 7
# of Stories: 1
Floors/Ceilings: Part Carpet
Room Information
Living Room Dimensions: 12 x 11
Dining Room Dimensions: 10 x 10
Den/Great Room Dimensions:
Kitchen Dimensions: 9x9
Dining Room Dimensions: 10x10
Living Room Dimensions: 12x11
Living/Dining/Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen
Den/Great Room Dimensions: 0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Patio
Exterior/Windows: Brick Veneer, Wood/Composition
Foundation: Slab
Roof: Composition Shingles
Land Information
Acreage: 0.22
Lot Information
Parcel ID: 076131 00041
Lot #: 118
Lot Size: 76X130
Lot Description: Level
Area: 767D
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1958
Financial
Tax Information
Annual City Tax: $355
Annual County Tax: $450
Financing
New Financing: Conventional
Utilities
Utility Information
Water & Sewer: Public Water, Public Sewer
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: WEST ON SHELBY FROM TULANETO LEFT ON NEELY. HOUSE ON THE LEFT.
MAAR Subdivision Name: HOLMES RD 1ST ADD
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,107
Stories: 1.0
Lot Size: 9,880 square feet
Style: Single Family Residential
Year Built: 1958
Year Renovated: —
County: Shelby County
APN: 076131 00041
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Geeter School
Public PreK-8 • Assigned • 1.2mi
4/10
Fairley High School
Charter 9-12 • Assigned • 0.4mi
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
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
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
$111,000 – $134,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2020. This data may not match public records. Learn more.