Investor Opportunity! This vacant 3-bedroom, 2-bath brick home offers 1,703 sq ft of value-add potential in a desirable location. Built in 1970, the property is ready for renovation and will need a new roof, HVAC updates, and cosmetic improvements throughout. Priced at $140,000 with an estimated ARV of approximately $230,000, this is an excellent opportunity for investors, flippers, or buy-and-hold buyers looking to build equity. Bring your contractor and unlock the potential of this solid brick home. CASH OFFERS OR HARD MONEY ONLY. No assignments.
Single-familyProperty Type
1974Year Built
9,147 sq ftLot Size
2 spacesParking
Listed by Tomas Monserrat• The Home Partners Realty
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
5334 S Rock Ridge Rd · $149,000
$149K and above
75% chance or better to win
Why $149K+ is a strong offer
DAYS ON MARKET
11 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Single-story layout
Seven total rooms
Part carpet flooring
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
Two full bathrooms
Flooring
Part carpet
Heating & cooling
Central heating
Central cooling
Exterior features
Front/back porch
Some trees on the lot
Home design
Detached single-family home
Traditional style
Built in 1974
Parking
Two covered parking spaces
Driveway/pad parking
Construction
Brick veneer exterior
Utilities
Central heating and cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10227900
Aug 7, 2026
Listed
$149,000
Memphis Area Association of Realtors(R) MLS #2643833
Aug 31, 2006
Sold
$113,900
Jul 20, 2006
Listed
$113,900
Public Records
Apr 26, 1991
Sold
$74,000
Public Records
May 17, 1974
Sold
$43,500
Year
Property tax
Land + Additions
Assessment*
2025
$2,691 (+6.8%)
$6,250 + $44,800
$51,050
2024
$2,521 (+8.1%)
$6,250 + $44,800
$51,050
2023
$2,332
$5,000 + $33,275
$38,275
2022
$2,332 (−1.2%)
$5,000 + $33,275
$38,275
2021
$2,359 (+42.6%)
$5,000 + $33,275
$38,275
2020
$1,654
$5,000 + $33,275
$38,275
2019
$1,654
$5,000 + $17,825
$22,825
2018
$1,654 (+76.3%)
$5,000 + $17,825
$22,825
2017
$938 (+1.3%)
$5,000 + $17,825
$22,825
2016
$926
$5,000 + $17,825
$22,825
2014
$926
$5,000 + $16,200
$21,200
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
78 ft.
Lot depth
120 ft.
Lot size
9,360 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,703
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,703
Year built
1970
Style
Single Family Residential
County
Shelby County
APN
088055 00012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
16% 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
91
71
85
66
78
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5334 S Rock Ridge Rd
$147,021
$1,979 under list price of $149K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $137K to $248K.