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Homes for Sale in Memphis, TN with 3-Bedrooms under $200,000

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  • /15

    $109,900

    • 3 Beds
    • 1 Bath
    • 1,000+ Sq Ft

    810 Northaven Dr, Memphis, TN 38127

    Great Investment Property! County Taxes Only! Professionally Managed! Investors only, tenant occupied don't disturb tenants.Pictures are before tenant moved in. 3bd/1bath renovated in 2022 with new tile floors, updated bathroom, new cabinets & countertops in kitchen, and fenced corner lot. Currently rented at $1050 and tenant in lease until 8/2026. Could be a great investment to your portfolio or

    Monica Bynum Crye-Leike, Inc., REALTORS

    810 Northaven Dr, Memphis, TN 38127
  • /2

    $125,000

    • 3 Beds
    • 1 Bath
    • 1,092 Sq Ft

    2745 Marlene St, Memphis, TN 38118

    Fresh Paint and new upgrades. Home renovated in 2026. Add this property to your portfolio Tenant Occupied. Great Tenant in place at 1250.00 Monthly. Lease available upon request. Please do not disturb Tenant.

    Rodney Porter Assured Real Estate Services

    2745 Marlene St, Memphis, TN 38118
  • /2

    $129,000

    • 3 Beds
    • 2 Baths
    • 1,159 Sq Ft

    3872 Windermere Rd, Memphis, TN 38128

    Tenant occupied. Do no disturb. Currently rented for $1150 month until February 2027. Can be shown with accepted offer.

    Joshua Hisaw Keller Williams

    3872 Windermere Rd, Memphis, TN 38128
  • /2

    $124,000

    • 3 Beds
    • 2 Baths
    • 1,110 Sq Ft

    4360 Howardcrest Dr, Memphis, TN 38128

    Tenant occupied. Do no disturb. Currently rented for $1095 month until April 2028. Can be shown with accepted offer.

    Joshua Hisaw Keller Williams

    4360 Howardcrest Dr, Memphis, TN 38128
  • /2

    $125,000

    • 3 Beds
    • 2 Baths
    • 1,110 Sq Ft

    4376 Howardcrest Dr, Memphis, TN 38128

    DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1200.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

    Erica Reed Crye-Leike, Inc., REALTORS

    4376 Howardcrest Dr, Memphis, TN 38128
  • /2

    $140,000

    • 3 Beds
    • 1.5 Baths
    • 1,341 Sq Ft

    4199 Genyth Ave, Memphis, TN 38128

    DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1325.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

    Erica Reed Crye-Leike, Inc., REALTORS

    4199 Genyth Ave, Memphis, TN 38128
  • /2

    $130,000

    • 3 Beds
    • 2 Baths
    • 1,037 Sq Ft

    4403 Kerwin Dr, Memphis, TN 38128

    DO NOT DISTURB TENANTS. Drive by only. This property has a tenant paying $1150.00 a month. Inspection with accepted binded agreement.

    Erica Reed Crye-Leike, Inc., REALTORS

    4403 Kerwin Dr, Memphis, TN 38128
  • /2

    $104,000

    • 3 Beds
    • 1 Bath
    • 1,027 Sq Ft

    3244 Baskin St, Memphis, TN 38127

    Welcome to 3244 Baskin Street in Memphis! This 3-bedroom, 1-bath property offers a solid opportunity for investors looking to grow their portfolio. Featuring a functional layout with comfortable living space and well-sized bedrooms, this home is well-suited for consistent rental income and long-term value. The spacious yard provides additional potential for improvements and added returns.

    James Wachob Foundation Property Management

    3244 Baskin St, Memphis, TN 38127
  • /2

    $110,000

    • 3 Beds
    • 1 Bath
    • 1,020 Sq Ft

    1863 Willow Wood Ave, Memphis, TN 38127

    Welcome to 1863 Willow Wood Avenue in Memphis! This 3-bedroom, 1-bath property offers a strong opportunity for investors seeking a solid addition to their portfolio. Featuring a functional layout with spacious living areas and well-sized bedrooms, this home is well-suited for steady rental income and long-term value. The property also includes a sizable yard with potential for future improvements

    James Wachob Foundation Property Management

    1863 Willow Wood Ave, Memphis, TN 38127
  • /2

    $160,000

    • 3 Beds
    • 2 Baths
    • 1,286 Sq Ft

    4566 Fawn Hollow Cove, Memphis, TN 38141

    Motivated seller offering an occupied, income-producing investment property—currently rented at $1,425/month with an active lease through 9/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4305 Creekbed Cv. listed at $155,000 rented at $1169 and 4529 Country Brook Dr. listed at $150,000 and rented at $1350. Sold AS-IS. Do not disturb tenant. Inspection

    James Johnson Crestcore Realty, LLC

    4566 Fawn Hollow Cove, Memphis, TN 38141
  • /2

    $155,000

    • 3 Beds
    • 2 Baths
    • 1,232 Sq Ft

    4305 Creekbed Cove, Memphis, TN 38141

    Motivated seller offering an occupied, income-producing investment property—currently rented at $1,169/month with lease through 4/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4566 Fawn Hollow Cv. listed at $160,000 and rented at $1425. Sold AS-IS. Do not disturb tenant. Inspection granted with accepted offer. Great opportunity to expand your rental

    James Johnson Crestcore Realty, LLC

    4305 Creekbed Cove, Memphis, TN 38141
  • /2

    $125,000

    • 3 Beds
    • 2.5 Baths
    • 1,272 Sq Ft

    1829 Benning St, Memphis, TN 38106

    INVESTOR SPECIALS......DRIVE BY ONLY...TENANT OCCUPIED...DO NOT DISTURB TENANT...THIS IS A VERY NICE 3-BEDROOM 2.5-BATH HOME. INCOME PRODUCING PROPERTY. FINANCIALS WILL BE PROVIDED UPON OFFERS RECEIVED.

    Sherita McCray Assured Real Estate Services

    1829 Benning St, Memphis, TN 38106
  • /2

    $103,750

    • 3 Beds
    • 1 Bath
    • 1,125 Sq Ft

    760 Margie Dr, Memphis, TN 38127

    Welcome to 760 Margie Drive, a charming and well-maintained home tucked away in a serene setting in Memphis, TN 38127. Featuring 3 bedrooms and 1 bathroom, the layout is both functional and cozy, providing a warm and welcoming atmosphere for everyday living. This property offers an excellent opportunity for investors seeking immediate rental income. Whether you're looking to expand your portfolio

    James Wachob Foundation Property Management

    760 Margie Dr, Memphis, TN 38127
  • /2

    $150,000

    • 3 Beds
    • 2 Baths
    • 1,663 Sq Ft

    777 S Prescott St, Memphis, TN 38111

    Calling all investors, tenant occupied property currently rented at $1345 a month with lease sending 04/30/2026, with professional management in place. Add this spacious 3 bed/ 2 bath home with garage to your investment portfolio for only 150k in East Memphis.

    Amanda Kirkman KAIZEN Realty, LLC

    777 S Prescott St, Memphis, TN 38111
  • /2

    $110,000

    • 3 Beds
    • 1.5 Baths
    • 1,500 Sq Ft

    1167 Gordon St, Memphis, TN 38122

    Three Bedroom Home for Sale. Located just West of Homer off Macon. Brick home on Cove Lot. Features Hardwood Floors, Central Heat and Air,Nice Size Kitchen, Split Bedroom, and More. Tenant occupied $1050/ month. Please no wholesale, assignment. or owner finance offers.

    Jimmy Kennedy Trek Property Management

    1167 Gordon St, Memphis, TN 38122
  • /2

    $105,000

    • 3 Beds
    • 1 Bath
    • 1,516 Sq Ft

    1946 Willow Wood Ave, Memphis, TN 38127

    Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is rented for $995/mo with a market rent of $1200/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could

    William Haynes Crye-Leike, Inc., REALTORS

    1946 Willow Wood Ave, Memphis, TN 38127
  • /2

    $160,000

    • 3 Beds
    • 1 Bath
    • 981 Sq Ft

    5088 Edenshire Ave, Memphis, TN 38117

    Incredible investment opportunity available with tremendous cash flow and huge potential upside! Property is rented for $1150/mo, target rent is $1200/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could be an

    William Haynes Crye-Leike, Inc., REALTORS

    5088 Edenshire Ave, Memphis, TN 38117
  • /2

    $120,000

    • 3 Beds
    • 2 Baths
    • 1,102 Sq Ft

    1674 Sailors St, Memphis, TN 38108

    INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,200.00 per month. Priced to SELL!!!!!

    Frank Colvett REMAX Experts

    1674 Sailors St, Memphis, TN 38108
  • /2

    $120,000

    • 3 Beds
    • 1 Bath
    • 1,026 Sq Ft

    3822 E Victory Heights Ln, Memphis, TN 38118

    INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $950.00 per month. Priced to SELL!!!!!

    Frank Colvett REMAX Experts

    3822 E Victory Heights Ln, Memphis, TN 38118
  • /2

    $130,000

    • 3 Beds
    • 1 Bath
    • 946 Sq Ft

    1662 Sailors St, Memphis, TN 38108

    INVESTORS: LOOK NO FURTHER! Long term tenant AND shop in the back!!! This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,100.00 per month. Priced to SELL!!!!!

    Frank Colvett REMAX Experts

    1662 Sailors St, Memphis, TN 38108
  • /2

    $105,000

    • 3 Beds
    • 1 Bath
    • 967 Sq Ft

    1641 N Graham St, Memphis, TN 38108

    INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $990.00 per month. Priced to SELL!!!!!

    Frank Colvett REMAX Experts

    1641 N Graham St, Memphis, TN 38108
  • /2

    $130,000

    • 3 Beds
    • 2 Baths
    • 1,415 Sq Ft

    1618 Ellsworth St, Memphis, TN 38111

    Excellent investor opportunity in a convenient Memphis location! This well-maintained home offers 3 bedrooms, and an open floor plan that appeals to long-term renters. Most recent updates include a newer water heater (2023). Reliable tenant is in place, currently paying $1250 per month, with a lease secured through June 2026, offering immediate and stable rental income. Tenant would prefer to

    Lisa Hendrickson Groome & Co.

    1618 Ellsworth St, Memphis, TN 38111
  • /2

    $150,000

    • 3 Beds
    • 1 Bath
    • 1,112 Sq Ft

    4401 Quince Rd, Memphis, TN 38117

    Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1195/mo with a market rent of $1500/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few

    William Haynes Crye-Leike, Inc., REALTORS

    4401 Quince Rd, Memphis, TN 38117
  • /2

    $155,000

    • 3 Beds
    • 2 Baths
    • 1,394 Sq Ft

    3682 Kearney Ave, Memphis, TN 38111

    Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1195/mo with a market rent of $1500/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few

    William Haynes Crye-Leike, Inc., REALTORS

    3682 Kearney Ave, Memphis, TN 38111
  • /2

    $139,000

    • 3 Beds
    • 2 Baths
    • 1,426 Sq Ft

    2934 N Trezevant St, Memphis, TN 38127

    Welcome to 2934 North Trezevant Street, a stylish 3-bedroom, 2-bath home featuring a fresh, modern interior with upgraded lighting, custom kitchen and bathroom cabinetry, and updated sinks throughout. Enjoy the ease of hardwood and vinyl flooring throughout—no carpet. This home offers walk-in closets, window coverings, a private patio, and convenient carport parking. With spacious front and back

    James Wachob Foundation Property Management

    2934 N Trezevant St, Memphis, TN 38127
  • /2

    $127,900

    • 3 Beds
    • 1 Bath
    • 1,058 Sq Ft

    79 E Shelby Dr, Memphis, TN 38109

    This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

    Joye Martin Miller Martin Realty

    79 E Shelby Dr, Memphis, TN 38109
  • /2

    $200,000

    • 3 Beds
    • 2 Baths
    • 1,369 Sq Ft

    6767 Smokey Ln, Memphis, TN 38141

    Check out this 3-bedroom, 2-bath home situated on a corner lot in a quiet neighborhood. The home features a living room with an eat-in kitchen and a large bonus room addition, offering flexible space for a family room, home office, or recreation area. With a functional layout and extra space, this property is a great option for a starter home or buyers looking for room to grow.

    Kristie Clark BHHS McLemore & Co. Realty

    6767 Smokey Ln, Memphis, TN 38141
  • /2

    $125,000

    • 3 Beds
    • 2 Baths
    • 1,217 Sq Ft

    4473 Longtree Ave, Memphis, TN 38128

    INVESTERS ONLY! Lovely 3 bed 2 bath home currently rented for $1100/mo. Professionally managed by Cicely Buckley. Unincorporated Shelby County (No City Taxes, which helps with your ROI). Cash Offers Only. No Creative or Owner Financed Offers. No Wholesale or Assignment. Seller also selling 599 Blackhawk, 4395 Ann Arbor, and 80 E. Bodley (Can buy in bulk or individually) Some of these properties

    Tyler Tapley Crye-Leike, Inc., REALTORS

    4473 Longtree Ave, Memphis, TN 38128
  • /2

    $115,000

    • 3 Beds
    • 1 Bath
    • 1,423 Sq Ft

    125 E Mckellar Ave, Memphis, TN 38109

    Excellent investment opportunity in Memphis, TN featuring three single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy, offering

    Bridget Jordan Epique Realty

    125 E Mckellar Ave, Memphis, TN 38109
  • /2

    $105,000

    • 3 Beds
    • 1 Bath
    • 1,333 Sq Ft

    132 Majuba Ave, Memphis, TN 38109

    Excellent investment opportunity in Memphis, TN featuring three single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy, offering

    Bridget Jordan Epique Realty

    132 Majuba Ave, Memphis, TN 38109
  • /2

    $130,000

    • 3 Beds
    • 1 Bath
    • 962 Sq Ft

    1236 Darlow St, Memphis, TN 38122

    Charming 3 bed 1 bath home in 38122. Features a bright living area, functional kitchen, and spacious bedrooms. Large yard perfect for outdoor living. Conveniently located near shopping, dining, schools, and major roads. Great starter or investment property. Currently occupied on a month to month lease, do not disturb tenants. Offers must be submitted before any showings.

    Cesar Lara Fast Track Realty, LLC

    1236 Darlow St, Memphis, TN 38122
  • /2

    $110,000

    • 3 Beds
    • 1 Bath
    • 1,818 Sq Ft

    3675 Mountain Terrace St, Memphis, TN 38127

    tenant occupied investment property, do not disturb tenant. Tenant's rights apply. showings only permitted with accepted offer. current rent is $825.00 per month. Tenant is month to month

    Justin Thorne HomePlace Real Estate

    3675 Mountain Terrace St, Memphis, TN 38127
  • /2

    $164,500

    • 3 Beds
    • 2 Baths
    • 1,400+ Sq Ft

    4343 Deergrove Rd, Memphis, TN 38141

    **Price Correction**Investor Opportunity! Don’t miss this chance to add a new property to your rental portfolio. Whether you're a seasoned investor or just getting started, this property offers solid potential. Tenant occupied, please do not disturb tenant.

    Jennifer Moore Fast Track Realty, LLC

    4343 Deergrove Rd, Memphis, TN 38141
  • /2

    $140,000

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft

    4355 Kerwin Dr, Memphis, TN 38128

    Welcome to 4355 Kerwin Drive! Built in 2022, this brand-new one-story ranch-style home features 4 spacious bedrooms and 2 full bathrooms in a thoughtfully designed open floorplan. Enjoy a modern eat-in kitchen, low-maintenance construction, and stylish upgrades throughout — including luxury vinyl plank (LVP) flooring, double-pane windows, and enhanced lighting and hardware packages. This home

    James Wachob Foundation Property Management

    4355 Kerwin Dr, Memphis, TN 38128
  • /2

    $117,050

    • 3 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft

    2428 Rozelle St, Memphis, TN 38114

    Welcome to 2428 Rozelle Street, Memphis, TN 38114! This charming 3-bedroom, 1.5-bath home, a great opportunity for investors seeking rental income or homeowners planning for future occupancy. Features include hard surface flooring throughout, a bright and spacious living area, and an upgraded kitchen with shaker cabinets and designated appliance space. Enjoy central heat and air, ceiling fans,

    James Wachob Foundation Property Management

    2428 Rozelle St, Memphis, TN 38114
  • /2

    $109,150

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    3696 Parfet Cove, Memphis, TN 38128

    Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

    James Wachob Foundation Property Management

    3696 Parfet Cove, Memphis, TN 38128
  • /3

    $115,000

    • 3 Beds
    • 2.5 Baths
    • 1,518 Sq Ft

    5994 Lofty Oak Rd Unit 66, Memphis, TN 38115

    Lisa Townsend BEST Real Estate Company

    5994 Lofty Oak Rd Unit 66, Memphis, TN 38115
  • /13

    $127,500

    • 3 Beds
    • 1 Bath
    • 898 Sq Ft

    370 Lillian Dr, Memphis, TN 38109

    Georgia Torrance Torrance Real Estate

    370 Lillian Dr, Memphis, TN 38109
  • /18

    $135,000

    • 3 Beds
    • 2 Baths
    • 1,075 Sq Ft

    1304 Oak St, Memphis, TN 38106

    Preston Butts Coldwell Banker Collins-Maury

    1304 Oak St, Memphis, TN 38106
  • /24

    $135,000

    • 3 Beds
    • 2 Baths
    • 1,546 Sq Ft

    5303 Sunray Dr, Memphis, TN 38118

    Jay McMiller Bespoke Realty

    5303 Sunray Dr, Memphis, TN 38118

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