Price Improvement! Recently updated and well-maintained home at a great value ideal for any investor. Occupied on two-year lease. First year $1575 and second year $1625! Spacious and open floor plan that has ample cabinet space in the kitchen that flows into the dining area, nice sized bedrooms, a nice screened in porch off the kitchen for relaxation and entertainment and a two-car garage! Call listing agent for details and showing options!
Single-familyProperty Type
1971Year Built
8,276 sq ftLot Size
2 spacesParking
Listed by Andrew Akins• CB Properties of Memphis, LLC
Raleigh, located between Frayser and Bartlett, is a residential and commercial Memphis neighborhood with a broad suburban street grid and long-established civic corridors. The neighborhood’s character concentrates around the Austin Peay Highway and Covington Pike crossroads, where auto shops, local eateries, and everyday retail line wide lanes and big parking lots. The Raleigh Springs Civic Center and Library acts as a community anchor with public programs and meeting space. The Bartlett Performing Arts and Conference Center and Davies Manor Historic Site sit nearby as cultural touchpoints tied to the area’s history and arts calendar. Housing ranges from mid-century ranches to newer subdivisions, with mature trees and deep setbacks shaping the streetscape. Green space and recreation cluster around nearby parks and sports fields, giving the area a practical, outdoors-forward rhythm.
Provided by Walk Score and Local Logic
Offer insights
5315 Yale Rd · $215,900
$216K and above
75% chance or better to win
Why $216K+ is a strong offer
DAYS ON MARKET
194 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
One-story layout
One fireplace
Seven total rooms
Part hardwood floors
Updated/renovated kitchen
All bedrooms located on the main level
Bedrooms
Three bedrooms
Master bedroom approximately 16 x 18
Bathrooms
Two full bathrooms
Kitchen
Updated/renovated kitchen
Flooring
Partial hardwood
Heating & cooling
Central heating
Central cooling
Exterior features
Front or rear porch
Brick veneer exterior
Level lot
Home design
Detached single-family home
Traditional style
Built in 1971
Parking
Two covered parking spaces
Driveway/pad
Construction
Brick veneer construction
Existing property (established home)
Utilities
Central heating
Central cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10215060
Aug 5, 2026
Price Changed
$215,900
Jul 22, 2026
Price Changed
$219,900
Jun 16, 2026
Price Changed
$221,900
Apr 27, 2026
Price Changed
$225,900
Mar 30, 2026
Price Changed
$228,900
Mar 23, 2026
Price Changed
$229,900
Feb 20, 2026
Listed
$234,900
APPFOLIO #1
Jun 27, 2026
Rental Removed
$1,575
May 8, 2026
Price Changed
$1,575
Feb 25, 2026
Price Changed
$1,595
Feb 17, 2026
Listed for Rent
$1,550
Memphis Area Association of Realtors(R) MLS #10209932
Dec 10, 2025
Sold
$160,000
Nov 17, 2025
Listed
$160,000
Opportunity awaits! This 3-bedroom, 2-bath home offers solid bones and great potential for the right buyer. Featuring a 2-car garage and a screened in sunroom, this property is priced below market value to reflect the cosmetic updates needed. Ideal for investors or buyers looking to customize and build equity. Seller is motivated and seeking a quick sale — bring your best offer! No assignments/wholesalers, Selling As Is/Where Is
Public Records
Sep 30, 1988
Sold
$66,900
Public Records
Sep 10, 1971
Sold
$27,675
Year
Property tax
Land + Additions
Assessment*
2025
$2,512 (+10.9%)
$5,000 + $42,650
$47,650
2024
$2,265 (+8.1%)
$5,000 + $42,650
$47,650
2023
$2,096
$3,875 + $30,525
$34,400
2022
$2,096 (−1.2%)
$3,875 + $30,525
$34,400
2021
$2,120 (+27.3%)
$3,875 + $30,525
$34,400
2020
$1,665
$3,875 + $30,525
$34,400
2019
$1,665
$3,875 + $19,100
$22,975
2018
$1,665 (+76.3%)
$3,875 + $19,100
$22,975
2017
$944 (−0.5%)
$3,875 + $19,100
$22,975
2016
$949
$3,875 + $19,100
$22,975
2014
$949
$3,875 + $17,850
$21,725
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
73 ft.
Lot depth
118 ft.
Lot size
8,541 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,513
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,513
Year built
1971
Style
Single Family Residential
County
Shelby County
APN
087021 00007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
R-8
Residential Single-Family-8 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-8 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-8 districts are generally located at least 1,000 to 1,500 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 110° expected this year, 21 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38134
Average low and high temperatures (°F)
47
29
57
37
72
50
78
58
79
63
89
72
94
76
90
70
85
66
78
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
7.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5315 Yale Rd
$213,270
$2,630 under list price of $216K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $205K to $264K.