561 McElroy Rd, Memphis, TN 38120
Property image
Property image
OFF MARKET

$279,700

Trulia Estimate
as of Sep 6, 2026
  • 3 Beds
  • 2 Baths
  • 1,743 sqft

561 McElroy Rd, Memphis, TN 38120

East Memphis-Colonial-Yorkshire

Home Highlights

Single-Family Home
Built in 1958
1,743 sqft
$160/sqft
Carport

Local Information

  • Map ViewExplore the area around 561 McElroy Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to this lovely one-story home in Memphis, offering 1,743 square feet of comfortable living space featuring 3 bedrooms and 2 bathrooms. Inside, you will discover an expansive living room with a large open layout that is perfect for entertaining guests, while a classic fireplace adds a warm ambiance to the entire area. The kitchen is a functional highlight of the home, coming fully equipped with generous countertops, ample white cabinetry, and a suite of modern appliances. The primary bedroom serves as a private retreat, complete with a convenient walk-in closet and an attached bathroom featuring a single vanity and a stand-up shower. Stepping outside, the property boasts a nice-sized backyard that offers a wonderful setting for weekend relaxation or outdoor gatherings. Ideally located near a wide variety of stores and restaurants, this home also provides easy access to Highway 14 and I-240 for effortless commuting and travel. Come join us for a tour and see why this should be your new home!
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RENT WITH MYND
-Fast Online Application (valid for 30 days)
-Mobile App to Pay Rent and Track Services
-Affordable Renter's Insurance
Enjoy lightning-fast 1-gig internet for just $67.49/month Available at move in!
1. No data caps
2. No installation or hidden fees
3. All equipment included
Service provided through AT&T and facilitated through Second Nature.

Lease term: 12 or 18 months

Section 8 Accepted

ONE-TIME FEES
Non-refundable $59.00 Application Fee Per Adult
One Time Move In Fee $199

REQUIRED MONTHLY CHARGES*
$1555.00: Base Rent
$39.95/month: Residents Benefits Package provides residents with on-demand basic pest control, as-needed HVAC air filter delivery, Identity Theft Protection, and access to an exciting rewards program

*Estimated required monthly charges do not include the required costs of utilities or rental insurance, conditional fees including, but not limited to, pet fees, or optional fees.
CONDITIONAL FEES
This is a pet-friendly property! 3 Pets Max; Pet Move-In Fee $199 per pet; Pet Rent per pet varies based on Paw Score. Breed restrictions apply.

Mynd Property Management
Equal Opportunity Housing
License # 265166

Mynd Property Management does not advertise on Craigslist or Facebook Marketplace. We will never ask you to wire money or pay with gift cards. Please report any fraudulent ads to your Leasing Associate. Federal Occupancy Guidelines: 2 per bedroom + 1 additional occupant; 2 per studio. Please contact us for move-in policy and available move-in date.
561 McElroy Rd, Memphis, TN 38120 is a 3 bedroom, 2 bathroom, 1,743 sqft single-family home in East Memphis-Colonial-Yorkshire, built in 1958. It last sold for $218,100 on Jun 25, 2021 (13,926% above the $1,555 asking price). More recently, it was listed as a rental in May 2026 with an asking price of $1,555 per month. That rental listing was removed on May 14, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $279,700, with a rent estimate of $1,892/month.

Home Details for 561 McElroy Rd

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 12 monthsAvailable: now

Interior Features

Appliances & Utilities
DishwasherDisposalRefrigerator
Heating & Cooling
Air ConditioningCooling System: Air Conditioner, Central Air, Ceiling Fan

Exterior Features

Parking & Garage
Parking: Carport, On Site

Media

Comparable Sales for 561 McElroy Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5333 Mesquite Rd, Memphis, TN
0.01
Single-Family Home
$289,000
05/21/26
3
2
1,735 sqft
580 N Oak Grove Rd, Memphis, TN
0.08
Single-Family Home
$257,397
10/10/25
3
2
1,518 sqft
496 Chalmers Rd, Memphis, TN
0.16
Single-Family Home
$215,000
10/30/25
3
1.5
1,543 sqft
559 Chalmers Rd, Memphis, TN
0.13
Single-Family Home
$300,000
12/18/25
3
2
1,771 sqft
5368 Boswell Ave, Memphis, TN
0.20
Single-Family Home
$240,000
08/04/26
3
2
1,582 sqft
5255 Boswell Ave, Memphis, TN
0.20
Single-Family Home
$240,000
05/29/26
3
2
1,510 sqft
624 N Oak Grove Rd, Memphis, TN
0.16
Single-Family Home
$240,000
09/19/25
3
1.5
1,297 sqft
430 Rosser Rd, Memphis, TN
0.26
Single-Family Home
$222,000
08/04/26
3
2
1,872 sqft
5249 Boswell Ave, Memphis, TN
0.20
Single-Family Home
$263,500
05/12/26
3
2
1,505 sqft
421 McDermitt Rd, Memphis, TN
0.33
Single-Family Home
$237,900
02/16/26
3
1.5
1,677 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in East Memphis-Colonial-Yorkshire

Last updated Sep 2026
Trulia Rent Estimate$1,892/mo
Average rent
$1.3K
Available listings
617
View rental market trends in Memphis, TN

Around this home

Neighborhood Overview

East Memphis-Colonial-Yorkshire
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Memphis-Colonial-Yorkshire

At least 530 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 89 % Say car is needed

  • 86 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 81 % Say parking is easy

  • 70 % Say there's holiday spirit

  • 64 % Say streets are well-lit

  • 61 % Say kids play outside

  • 55 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 51 % Say it's quiet

  • 45 % Say it's walkable to restaurants

  • 43 % Say people would walk alone at night

  • 39 % Say it's walkable to grocery stores

  • 28 % Say there are community events

  • 25 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Brinley Honshell
    "I see people walking their dogs daily. Also, anytime my dog has ever got out. My neighbors are always looking out and keeping each other’s pups safe."
    0
    Flag
  • Raul
    "A great place to live in summer season. I traveled to that zone the last year and it was awesome walking into the green areas"
    0
    Flag
  • Raul
    "The price is excelente for all the amenities and the green areas looks awesome I have plans tho visit that area in my next vacations"
    0
    Flag
  • Designerchick84
    "Nice friendly neighborhood. Clean kept yards. People are polite and most keep to themselves without being rude "
    2
    Flag
  • Amdstrtt
    "There are a lot of dog owners in my neighborhood. It is a good pace for walks and there is a dog park very close. "
    2
    Flag
  • Giana Ballard
    "Sometimes there are stray dogs walking around, which might make it difficult to let your dog outside unattended. "
    2
    Flag
  • Mr.exxxtra
    "Greatest place in Memphis to live . Great public open areas. Very dog friendly place and close to everything in Memphis "
    3
    Flag
  • Trulia User
    "its a good area there some cheap gardeners there people are friendly quiet and it's good for Halloween my kids go trick or treating there other kids go to and so much candy"
    4
    Flag
  • Trulia User
    "its family oriented and I love the murals and the culture in this particular community I love everything about the community the easy if finding stores and restaurants in the area. the community has come a lo g way and I'm have been living here since 2013."
    9
    Flag
  • Trulia User
    "Pro is Dog park at Sea isle park. Lots of people walking in the neighborhood. Con is Lots of petty thrift "
    1
    Flag
  • Trulia User
    "condo living and safety, diverse neighborhood, many churches and Greenspance walking trail, convenient to all medical facilities, grocery shopping, thrift stores, garden centers and large fitness centers with8n 10 minutes, "
    7
    Flag
  • Trulia User
    "It’s beautiful and your neighbors are from all backgrounds young and old and we all watch out for each other"
    20
    Flag
  • Trulia User
    "Safety is always important. So it’s important to keep that in mind when moving to a new neighborhood "
    3
    Flag
  • Trulia User
    "YWCA, Liberty Bowl and it's a very nice library on poplar. it's nice restaurants and other ammunities that you can use totally to your advantage. It's a very underrated area and it's good to build your knowledge of Memphis. Coming from Atlanta it was easy to love this area. Forcefully this security is important throughout this new journey. Daily traffic is undoubtedly an issue throughout this new city. Memphis has outstanding food. I mean the food is outstanding all over the city."
    0
    Flag
  • Trulia User
    "Amazing place people walk dogs all the time on leash and pick up after them so it is a great place to live here "
    0
    Flag
  • Trulia User
    "Everyone is always very willing to help out their neighbors. My dogs have gotten out but I’ve always found them fast and in safe homes because of the wonderful people who live around me."
    0
    Flag
  • Trulia User
    "How polite the dogs and their owners treat one another, how well we all try to get lost pets back to their owners and how well we clean up after our pets. "
    1
    Flag
  • Trulia User
    "It’s cute. Good schools nearby. Quiet, neighborly. Safe feeling. Nice houses too. Also close to many shops"
    9
    Flag
  • Trulia User Portia J
    "There are a lot of families in the area, but it's best to scope out the neighborhood you're interested in if you want to be sure. It's pretty walk friendly, so take a walk around and see what you think."
    0
    Flag
  • Trulia User
    "Green line great for walks close to midtown and commercials. Common streets with medium traffic. The view are gorgeous with. Different kind of trees and bits singing."
    0
    Flag
  • Kimberly K.
    "It’s super clean and safe for families with children and or animals. I would highly recommend this area "
    27
    Flag
  • Ashley L.
    "You see people walking their dogs everyday. Dogs are welcome in our neighborhood. A great place to have dogs & cats. "
    8
    Flag
  • Samucl
    "It’s a great neighborhood with lots of shopping and restaurants close by. Great public and private schools are within walking distance as well. The green line is close by and perfect for walks and bike riding. "
    12
    Flag
  • Yvonne C.
    "My neighborhood has great access to commenting systems great school and close by shopping to all access. Great parks nearby for dogs, hiking, and biking"
    9
    Flag
  • Derricka L. R.
    "Christmas my neighbors really get into holiday spirit with lights & decorations on doors etc. Not too many disturbances & thts what I value most."
    14
    Flag
  • Cody H.
    "My commute differs as I drive a lot for work. Poplar Avenue gives me trouble coming to and from home. There are other streets I can use to get home that do not cause as much traffic. 6/10 would recommend to a friend"
    3
    Flag
  • Gymtanbaseball
    "the traffic isnt bad, although there is ONE guy that drives a silver dodge ram and a maroon suburban that speeds up and down the streets every day like a wild man. The commute to places is very simple. seems to be rather centrally located "
    18
    Flag
  • Jerry E.
    "It’s my favorite location in Memphis. People of all ethnicities live in my neighborhood. It’s filled with young and old owners"
    32
    Flag
  • Chloe S.
    "Very easy! Light traffic into midtown and no heavy traffic lights either. It only takes me 5 minutes to get to Overton area for work most days!"
    4
    Flag
  • J.renee49
    "It’s a quiet neighborhood and kid friendly. There are a lot of shops close in this area. I love it here"
    2
    Flag
  • Johnell A.
    "Great neighborhood to raise young children in. The Pink Palace, The Children's Museum, and the Botanic Gardens are all within short distances. "
    3
    Flag
  • Elisa B.
    "Friendly, safe neighborhood with not a lot of traffic once you're off the main thru ways. Houses and yards are will kept and houses are close to grocery, post office, and shopping."
    5
    Flag
  • Ashley L.
    "There are many families in our neighborhood. People walk their dogs, go for runs and we have a great park two blocks from our house. Great neighborhood!"
    3
    Flag
  • Marilyn M.
    "That their Children or GrandChildren can play outside without drive bye or violent in area This is a nice neighborhood that why I’m looking for something in this area"
    6
    Flag
  • Brandy G.
    "I was driving through the are to find a friend's house and noticed how lovely and we'll maintained the area was. When I stopped to ask for directions, I didn't feel afraid. "
    4
    Flag
  • Gypsyskye010
    "I use Uber and it usually is quick never more then a 5 min wait. always friendly, respectable drivers and never a problem"
    3
    Flag
  • Webcandoit5
    "Cool place to live right near summer avenue and walnut grove and highland so there’s lots to do all the time"
    34
    Flag
  • Diamondt958
    "Well my neighbor is friendly and It’s just to many shooting out here so I just need quite place to relax "
    3
    Flag
  • Courtney S.
    "The people looking out for each other homes and taking care of one other. Walking dogs running makes the neighborhood seem safe "
    0
    Flag
  • Marebare11856
    "Great place to live! Close to schools, parks, stores and restaurants. Within 6 miles of the interstate."
    1
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
May 14, 2026
Source: Zillow Rentals
ListingRemoved
$1,555
May 8, 2026
Source: Zillow Rentals
Listed For Rent
$1,555
Apr 18, 2023
Source: Zillow Rentals
ListingRemoved
Apr 11, 2023
Source: Zillow Rentals
Listed For Rent
$1,845
Oct 29, 2021
Source: Zillow Rental Network Premium
ListingRemoved

Frequently asked questions about 561 McElroy Rd

  • What is 561 McElroy Rd estimated to be worth?
    Trulia's estimated value for 561 McElroy Rd in Memphis, TN is $279,700.
  • What is the price history for 561 McElroy Rd?
    561 McElroy Rd in Memphis, TN last sold for $218,100 in June 2021.
  • Is Memphis a buyer's or seller's market?
    Memphis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Memphis?
    The median sale price in Memphis is $221K. That is up $5.67K from the prior month.
  • Does 561 McElroy Rd have air conditioning?
    Yes, 561 McElroy Rd in Memphis, TN has air conditioning.
  • Does 561 McElroy Rd have parking?
    Yes, 561 McElroy Rd in Memphis, TN has on-site parking.

Homes for rent near 561 McElroy Rd

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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