Property listing for 5124 Gill Road, Memphis, TN 38109
For SaleSingle Family Home

$94,900

5124 Gill Road, Memphis, TN 38109

Solid 4-Bed Brick-Veneer Home on a 0.27-Acre Lot

4 Bed · 2 Bath · 1,275 Sq Ft

Affordable Whitehaven opportunity — vacant, roomy lot, strong upside

4

Beds

2

Baths

1,275

Sq Ft

1963

Built

0.27 acres

Lot

About 5124 Gill Road

A classic mid-century presence sits along Gill Road — brick veneer, composition shingle roof and an 85-foot frontage that announces both curb appeal and possibility. This two-story, 4-bedroom / 2-bath house delivers roughly 1,275 square feet of practical living space and a level 0.27-acre yard that invites expansion, a fresh landscape plan, or a backyard garden and play area.

Inside you’ll find a straightforward, functional layout with central HVAC and original finishes that speak to the home’s 1963 build. Rooms are well-proportioned for comfortable family life: a primary living area for everyday gatherings, separate sleeping wings that offer privacy, and two full bathrooms that support household rhythm. Condition is listed as average — cosmetic updates and systems refreshes will modernize this solid shell and unlock meaningful value.

What sets this address apart is the lot. At a time when in-town yards are at a premium, this property’s nearly one-third acre provides practical parking space off the driveway, room to add a garage or accessory structure (subject to zoning), and a broad backyard for weekend projects and outdoor entertaining. The home is vacant and easy to show, which simplifies inspections and renovations for buyers seeking a quick start.

Location is Whitehaven — an established Memphis neighborhood with direct access to everyday conveniences and local anchors. Whitehaven Plaza is about 1.5 miles away, Southland Mall approximately 2 miles, and Graceland sits roughly 3 miles from the front door. Schools in the Shelby County system are nearby and the area’s affordability makes the property attractive to both owner-occupants and investors. With a list price of $94,900 (around $74/sqft) and comparable sales supporting a mid-range valuation, this property is positioned for buyers who are ready to add sweat equity.

If you’re looking for a hands-on project with clear upside — either as a family home refreshed for modern living or as an income-oriented acquisition with a projected monthly rent near $1,000 — 5124 Gill Road is worth a close look. Confirm condition, review comps, and imagine the improvements that will convert this sturdy, vacant house into a high-value asset in Whitehaven.

Home Highlights

Vacant and easy to showPriced at $94,900 (~$74/sq ft)Spacious 0.27-acre lot with 85 ft frontageCentral HVAC installed4 bedrooms / 2 baths — practical family layoutEstimated monthly rent: $1,000 (rental yield ~12.6%)Brick veneer exterior and level yard

Property Features

Interior Features

  • 4 bedrooms, 2 full bathrooms
  • Central heating and cooling
  • Functional two-story layout
  • Original mid-century finishes (cosmetic updates likely needed)
  • Approx. 1,275 sq ft of living space

Exterior & Lot

  • Brick veneer construction
  • Composition shingle roof
  • Level 0.27-acre lot (approx. 11,761 sq ft)
  • 85 ft frontage on Gill Road
  • Driveway parking with potential to add additional spaces or garage

Location & Neighborhood

  • Whitehaven neighborhood — established residential area
  • Whitehaven Plaza Shopping Center (~1.5 miles)
  • Southland Mall (~2 miles)
  • Graceland (~3 miles)
  • Shelby County Schools district

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Nearby shopping and services within 2 miles
  • Short drive to local parks and community amenities
  • Graceland and tourist corridor within 3 miles
  • Local green spaces and neighborhood streets for walking and biking

Neighborhood & Location

Whitehaven is an established south Memphis neighborhood prized for its affordability and convenient access to local retail and city attractions. Residents value short drives to Whitehaven Plaza and Southland Mall, with Graceland and the city’s cultural corridor a few minutes away. The community has a stable population and a mix of long-term homeowners and investors; local parks, churches, and neighborhood businesses contribute to a practical, working-class lifestyle. Families will find nearby public schools within the Shelby County system, while investors see steady rental demand for entry-priced homes.

Market Insights

The Whitehaven market is currently favoring buyers. Local metrics show roughly 2.5 months of inventory and an average days-on-market of about 73 — indicators of a market where motivated buyers have negotiating leverage. Median sale prices in the area sit near $101,500, with modest appreciation of approximately 5% over the last year and about 15% over five years. Comparable sales and valuation work place 5124 Gill Road in an $85k–$95k range, which aligns with the listing price of $94,900 (≈$74 per sq ft).

Single-family homes in this segment perform differently than higher-end product: they move more slowly, but also present outsized opportunities for investors and renovators who can add relatively low-cost improvements. Rental demand for affordable housing in Whitehaven supports a potential rent near $1,000/month (rent-per-sf estimates ~ $0.78), yielding a gross rental yield of roughly 12.6%. For buyers, now is a favorable window to acquire at a competitive price, capitalize on renovation-driven appreciation, or reposition the asset for rental income — provided buyers budget for likely updates and account for local school ratings and resale timelines.

Nearby Schools

Fairley High School

High

4/10

Geeter Middle School

Middle

3/10

Holmes Road Elementary School

Elementary

4/10

Walkability & Recreation

35
Walkability
58
Recreation

Moderate access to recreation: close to civic and retail amenities, with Graceland and several neighborhood parks within a short drive. Local streets and green spaces provide everyday walking and biking options.

Investment Highlights

  • Priced competitively at $74 per square foot
  • Central HVAC system installed
  • Spacious 0.27-acre lot offering expansion potential
  • Proximity to major attractions like Graceland
  • Located in a buyer's market with potential for value appreciation

Key Findings

  • Built in 1963 with a functional layout
  • Assessed value of $25,450 with annual taxes of $1,341
  • Recent comparable sales suggest a fair market value between $85,000 and $95,000
  • Located in the Whitehaven neighborhood with access to shopping centers and schools
  • Current market trends indicate a buyer's market with properties averaging 73 days on market

Things to Consider

  • Property may require updates to meet modern standards
  • Schools in the area have average ratings, which may impact family appeal
  • Longer days on market suggest potential challenges in quick resale

Opportunity Analysis

Affordable single-family home in a stable neighborhood with potential for value appreciation through updates and strategic investment.

Potential Use Scenarios

  • Renovate and update interior to increase property value
  • Consider rental opportunities given the functional layout and location
  • Monitor market trends for optimal timing in resale or leasing

Risk Factors

  • Potential costs associated with necessary updates
  • Average school ratings may affect family buyer interest
  • Longer days on market could impact liquidity

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$85K

Midpoint

$90K

High

$95K

$71/SF estimated price per square foot

80% confidence

Sales comparison approach using recent listings and sales in the area. Adjusted for property condition and market trends.

As of 2026-08-04

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$101,500
Avg Days on Market73 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$40,000

Stable population with modest income levels. Area shows potential for investment due to affordable housing prices.

Nearby Points of Interest

  • Whitehaven Plaza Shopping Center (1.5 mi)
  • Southland Mall (2 mi)
  • Graceland (3 mi)

Close proximity to shopping centers, schools, and major attractions like Graceland.

School District

DistrictShelby County Schools
ElementaryHolmes Road Elementary School (4/10)
MiddleGeeter Middle School (3/10)
HighFairley High School (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1963
Constructionbrick veneer
Stories2
Roofcomposition shingle
Heatingcentral
Coolingcentral
Basementnone
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.27 acres (11,761 SF)
Topographylevel
Parkingdriveway
Parking Spaces1
Frontage85 ft frontage on Gill Road

Utilities

Waterpublic
Sewerpublic
Electricstandard
Gasunknown

Zoning & Land Use

Zoning CodeR-6
DescriptionSingle-Family Residential
JurisdictionCity of Memphis

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle-Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$25,450
Land$3,375
Improvements$22,075
Annual Tax (2025)$1,341

Sale History

2019-04-16$34,500

$27/SF

Sold via RealTracs

2013-07-29$62,000

$49/SF

Public record sale

2002-03-18$68,500

$54/SF

Public record sale

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