512 Mcelroy Rd Memphis, TN 38120
Property details
About 512 Mcelroy Rd
PRICE REDUCTION! $5,000 seller credit can go towards buyers rate buy down to lower monthly payment. Property ALSO qualifies for 3% down payment assistance for owner occupants! RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhood with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."
Highlights
Summary
- MLS Number: 10190061
- Office Name: 901, REALTORS
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2025, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$524,901
512 Mcelroy Rd
$6,233
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 07, 2022 | Home Sold | $430,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $99,825 | $6,080 |
| 2023 | $99,825 | $6,080 |
| 2022 | $99,825 | $6,152 |
| 2021 | $99,825 | $6,152 |
| 2020 | $81,150 | $5,880 |
| 2019 | $81,150 | $5,880 |
| 2018 | $81,150 | $3,335 |
| 2017 | $81,150 | $3,209 |
History based on county public records data.
Nearby schools
8
Richland Elementary School
Public District PK-5
0.6 mi
•5440 Rich Rd
4
Aurora Collegiate Academy
Public Charter KG-5
1.0 mi
•4841 Summer Ave
8
White Station Elementary School
Public District PK-5
1.1 mi
•4840 Chickasaw Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,782. Residents of Memphis, TN typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
PGA/LPGA
Horse Races
Where do the neighbors shop?
Nordstrom Rack
Stein Mart
Sam's Club
Where do the neighbors go to eat?
Chipotle
Bonefish Grill
LongHorn Steakhouse
What do the neighbors drive?
Mazda
Lincoln
Buick
What do the neighbors listen to?
Rock
Classical
Contemporary Inspirational
Frequently asked questions
Living in Memphis, TN
About 512 Mcelroy Rd
This home is located at 512 Mcelroy Rd in Memphis, TN and zip code 38120. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $524,901.
Memphis, TN housing market in March 2025 saw over 46 listings sold above listed price, more than 105 sold at listed price and over 216 sold below. In March 2025 in Memphis, TN there were 14.8% more homes for sale than in February.