Homes/Tennessee/Memphis/5124 Gill Road
CompCasa Property Analysis · single_family

5124 Gill Road

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

Affordable Whitehaven opportunity — vacant, roomy lot, strong upside

4 beds2 baths1,275 sq ftBuilt 19630.27 acresnone
CompCasa valuation analysis
Estimated market value
$90,000
Low $85,000 · Midpoint $90,000 · High $95,000
Confidence80%Sales comparison approach
Last recorded sale$34,500Apr 16, 2019
Assessed value$25,4502025 assessment
CompCasa estimate$90,000Aug 4, 2026
Estimate vs. last recorded sale+$55,500 / +160.9%
$85,000$90,000 midpoint$95,000
Price / sq ft$71
Median sale price$101,500
Avg days on market73 days
Inventory2.5 months

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

About the property

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

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$65,000
Property address5124 Crossfield Rd, Memphis, TN 38109
2 bed1 bath672 sq ftBuilt 19400.5 mi40,000 sq ft lot$97/SF
Sold Apr 3, 1990
Subject difference
  • 603 SF smaller
  • 2 fewer bedrooms
  • 1 fewer bathroom
  • 28,239 SF larger lot
  • 23 years older
Research comparison noteSmaller home on larger lot; older construction
02Sold price$59,500
Property address5124 E Shore Dr, Memphis, TN 38109
3 bed2 bath1,750 sq ftBuilt 19650.7 mi15,000 sq ft lot$34/SF
Sold Dec 31, 1991
Subject difference
  • 475 SF larger
  • 1 fewer bedroom
  • 3,239 SF larger lot
  • 2 years newer
Research comparison noteLarger home with additional bedroom; similar age
Comp methodology: Comparable sales and rentals were selected based on proximity, size, and age to provide a relevant market analysis.
Property details

A 1963 traditional on 0.27 acres.

Building

Year built1963
ConstructionBrick Veneer
RoofComposition Shingle
Heatingcentral
Coolingcentral

Site & utilities

Lot size0.27 acres
Garagenone
Stories2
ConditionAverage
BasementNone
FireplaceNo
Improvement notes4 bedrooms, 2 bathrooms, central HVAC, functional layout
Lot area11,761 sq ft
TopographyLevel
Frontage85 ft frontage on Gill Road
ParkingDriveway
Parking spaces1
Parking notesDriveway parking with potential for additional spaces
AccessStandard residential driveway from Gill Road
WaterPublic
SewerPublic
ElectricStandard
GasUnknown
Location & nearby

Whitehaven

Researched nearby locations

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

Location

5124 Gill Road, Memphis, TN 38109

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryHolmes Road Elementary School (4/10)
Middle schoolGeeter Middle School (3/10)
High schoolFairley High School (4/10)
School districtShelby County Schools
Market context

A factual market snapshot around 5124 Gill Road.

Median sale price$101,500
Avg days on market73 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation15.0%
Editorial market perspective

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.

Zoning & land use

Single-Family Residential

Zoning

Zoning codeR-6
DescriptionSingle-Family Residential
JurisdictionCity of Memphis
Assessor useSingle-Family Residential
Current useResidential
SetbacksStandard residential setbacks apply

Research-indicated uses

  • Single Family Residential
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$3,375
Assessed improvements$22,075
Total assessed$25,450
Assessment year2025
Annual property tax$1,341
Tax year2025

Sale history

2019-04-16$34,500 · $27/SF
2013-07-29$62,000 · $49/SF
2002-03-18$68,500 · $54/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$900/mo
Property address5124 8th Rd, Memphis, TN 38109
3 bed1 bath1,494 sq ft$0.6/SF
Leased Jun 1, 2025
Subject difference
  • 219 SF larger
  • 1 fewer bedroom
  • 1 fewer bathroom
Research comparison noteSlightly larger home with fewer bedrooms; similar location
Research findings & due diligence

What the research supports — and what is still worth verifying.

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

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm property condition and necessary updates
  • Verify ownership details and title status
  • Assess local rental market conditions
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Realtor.com listing for 5124 Gill RdView source
2
Redfin listing for 5124 Gill RdView source
3
Zillow listing for 5124 Gill RdView source
4
Realtor.com listing for 5124 Crossfield RdView source
5
Redfin listing for 5124 E Shore DrView source
6
Redfin listing for 5124 8th RdView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.