#10194528, Listing office: RE/MAX Realty Group
Property details
About 5511 Emerald Hills Dr
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.
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.06 Acres
Year built1994
ParkingDriveway/Pad
MLS #10200481
Summary
- Full Bathrooms: 2
- Flooring Type: Part Carpet
- Total Bedroom Count: 3
- Parking: Driveway/Pad
- Exterior: Wrought Iron Security Drs
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $140,000
- Annual Tax Amount: $1,267
- Tax Year: 2024
- Lot: Fencing
- Directions: North of Winchester on Emerald Street
- Year Built: 1994
- Stories: 1
- Lot Size: 0.06 Acres
- MLS Number: 10200481
- Office Name: eXp Realty, LLC
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: 7/30/2025, 9:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 28, 2018 | Home Sold | $65,000 |
| Apr 23, 2004 | Home Sold | $67,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $20,800 | $1,267 |
| 2023 | $20,800 | $1,267 |
| 2022 | $20,800 | $1,281 |
| 2021 | $20,800 | $1,281 |
| 2020 | $14,775 | $1,070 |
| 2019 | $14,775 | $1,070 |
| 2018 | $14,775 | $607 |
| 2017 | $14,775 | $598 |
History based on county public records data.
Nearby schools
6
Newberry Elementary School
Public District PK-5
0.1 mi
•5540 Newberry Ave
5
Power Center Academy Elementary School
Public Charter KG-5
0.2 mi
•3540 S Mendenhall Rd
5
Fox Meadows Elementary School
Public District PK-5
1.1 mi
•2960 Emerald St
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 $56,960. The majority of Memphis, TN residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
67%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
24%
Single, with Kids
23%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
12%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Basketball
Soccer
Where do the neighbors shop?
Stein Mart
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
LongHorn Steakhouse
Jasons Deli
Wingstop
What do the neighbors drive?
Buick
Acura
Nissan
What do the neighbors listen to?
Contemporary Inspirational
Rhythmic Contemporary Hits
Christian Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5511 Emerald Hills Dr
The listing price of 5511 Emerald Hills Dr property is $140,000.
The property 5511 Emerald Hills Dr is a townhouse located in Memphis, Tennessee, 38115.
Active Listing: 5511 Emerald Hills Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5511 Emerald Hills Dr are: Newberry Elementary School (GreatSchools Rating 6/10), Power Center Academy Elementary School (GreatSchools Rating 5/10), Fox Meadows Elementary School (GreatSchools Rating 5/10), Compass Community School Hickory Hill Campus (GreatSchools Rating 5/10), Power Center Academy Middle School (GreatSchools Rating 4/10), Wooddale Middle School (ASD) (GreatSchools Rating 3/10), Power Center Academy High School (GreatSchools Rating 3/10), Wooddale High School (GreatSchools Rating 2/10), Memphis School of Excellence (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,267 (source: MLS/based on county public records data).
The last sale was on February 28, 2018 for $65,000 (source: MLS/tax record).
The property at 5511 Emerald Hills Dr has 3 bedrooms and 2 bathrooms.
The year of construction for 5511 Emerald Hills Dr is 1994.
This home is located at 5511 Emerald Hills Dr in Memphis, TN and zip code 38115 in the Southeast Memphis neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $140,000.
While more than 73 listings in Memphis, TN in June 2025 were sold above asking price, there were more than 107 listings sold at asking price, and more than 219 were sold below. The number of listings in Memphis, TN increased by 11.9% between May and June 2025. Listings spent 35 days on the market in June 2025, and had a median list price of $224,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.