Closed

$115,000

5511 Emerald Hills Dr, Memphis, TN 38115

3beds

1,142sqft

Residential

Built in 1994

2,613 Square Feet Lot

$113,100 Zestimate^®

$101/sqft

$1,331 Estimated rent

Home value

$113,100

$106,000 - $121,000

$1,331/mo

Zestimate^® history

Owner options

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$1,331/mo

Rent Zestimate^®

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$1,331/mo

Rent Zestimate^®

Refinance and save

$578/mo

Est. payment

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$578/mo

Est. payment

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What's special

Cashflowing investment property with new roof and some systems update. Tenant in place (Do not disturb). This 3-bedroom, 2-bathroom, 1,200 square foot home offers a strong opportunity for both new and experienced investors. The property is tenant-occupied and generating rental income of over $1,100 per month. Please do not disturb the tenant. Recent updates include a new roof and improvements to key systems, providing long-term value and reduced maintenance concerns. Annual property taxes are approximately $1,300, and the home is priced about $20,000 below market value. With stable cash flow from day one and room for equity growth, this property is well-suited for any investor looking to expand or start their portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Features

Flooring: Carpet
Number of fireplaces: 1

Interior area

Total structure area: 1,142
Total interior livable area: 1,142 sqft

Property

Parking

Parking features: Parking Pad
Has uncovered spaces: Yes

Features

Levels: Three Or More
Stories: 1

Lot

Size: 2,613 Square Feet
Dimensions: 27 x 110

Details

Parcel number: 074102 A00042
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Residential

Condition

New construction: No
Year built: 1994

Community & HOA

Community

Subdivision: Bishops Gate Pd Area 2

HOA

Has HOA: No

Location

Region: Memphis

Financial & listing details

Price per square foot: $101/sqft
Tax assessed value: $129,800
Annual tax amount: $1,370
Date on market: 9/25/2025

Price history

Date	Event	Price
9/25/2025	Sold	$115,000-17.9%$101/sqft
Source: RealTracs MLS as distributed by MLS GRID #3093840 Report a problem
9/2/2025	Pending sale	$140,000$123/sqft
Source: MAAR #10200481 Report a problem
7/3/2025	Listed for sale	$140,000+115.4%$123/sqft
Source: MAAR #10200481 Report a problem
2/27/2018	Sold	$65,000-3.7%$57/sqft
Source: MAAR #10021347 Report a problem
4/23/2004	Sold	$67,500+7.2%$59/sqft
Source: Public Record Report a problem
12/22/2003	Sold	$62,948+0.1%$55/sqft
Source: Public Record Report a problem
10/31/1994	Sold	$62,900$55/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,710 +24.9%	$32,450 +56%
2024	$1,370 +8.1%	$20,800
2023	$1,267	$20,800
2022	--	$20,800
2021	--	$20,800 +40.8%
2020	$472	$14,775
2019	$472 -21.1%	$14,775
2018	$598 -45.1%	$14,775
2017	$1,091 +134.1%	$14,775 +7.8%
2016	$466 -12.8%	$13,700
2014	$534	$13,700
2013	--	$13,700 -18.2%
2012	--	$16,750
2011	--	$16,750
2010	--	$16,750
2009	--	$16,750 -1.9%
2008	--	$17,075
2007	--	$17,075
2006	--	$17,075
2005	--	$17,075 -2.8%
2004	--	$17,575
2003	--	$17,575
2002	--	$17,575
2001	--	$17,575 +16.2%
2000	--	$15,125