$94,900
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
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.
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.
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.
Fairley High School
High
Geeter Middle School
Middle
Holmes Road Elementary School
Elementary
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.
Affordable single-family home in a stable neighborhood with potential for value appreciation through updates and strategic investment.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$85K
Midpoint
$90K
High
$95K
$71/SF estimated price per square foot
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.
Stable population with modest income levels. Area shows potential for investment due to affordable housing prices.
Close proximity to shopping centers, schools, and major attractions like Graceland.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$27/SF
Sold via RealTracs
$49/SF
Public record sale
$54/SF
Public record sale
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