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

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  • /2

    $180,880

    • 3 Beds
    • 2 Baths
    • 1,498 Sq Ft

    1195 Wingfield Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $925 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-7854

    1195 Wingfield Rd, Memphis, TN 38122
  • /2

    $192,850

    • 3 Beds
    • 1 Bath
    • 1,468 Sq Ft

    1286 Gherald St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,250 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-7664

    1286 Gherald St, Memphis, TN 38122
  • /2

    $156,940

    • 3 Beds
    • 1 Bath
    • 911 Sq Ft

    1241 Holliday St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 07/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-8823

    1241 Holliday St, Memphis, TN 38122
  • /2

    $168,910

    • 3 Beds
    • 2 Baths
    • 1,230 Sq Ft

    4248 Truman Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $925 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-6814

    4248 Truman Ave, Memphis, TN 38108
  • /2

    $151,620

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    3912 Berkshire Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-4853

    3912 Berkshire Ave, Memphis, TN 38108
  • /2

    $174,230

    • 3 Beds
    • 1 Bath
    • 1,226 Sq Ft

    1006 Gordon St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,200 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-4474

    1006 Gordon St, Memphis, TN 38122
  • /2

    $169,000

    • 3 Beds
    • 1.5 Baths
    • 1,160 Sq Ft

    705 Stratford Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $850 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 883-5301

    705 Stratford Rd, Memphis, TN 38122
  • /2

    $149,000

    • 3 Beds
    • 1 Bath
    • 1,511 Sq Ft

    702 Atlantic St, Memphis, TN 38112

    Renovated rental property with an active lease in place. Currently leased at $795 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 450-3755

    702 Atlantic St, Memphis, TN 38112
  • /2

    $176,890

    • 3 Beds
    • 1 Bath
    • 1,412 Sq Ft

    3070 Guernsey Ave, Memphis, TN 38112

    Renovated rental property with an active lease in place. Currently leased at $1,275 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 979-0464

    3070 Guernsey Ave, Memphis, TN 38112
  • /9

    $199,955 New Construction

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

    1055 Shaw Place, Memphis, TN 38126

    Qualified buyers may receive up to $25,000 in assistance with approved lenders and programs. Great opportunity for buyers seeking affordability with support. These homes feature 10 ft ceilings throughout, 1400–1600 sq ft of well-designed living space, durable tile flooring, stainless steel appliances, kitchen islands with pendant lighting, energy-efficient windows and doors, and concrete

    Agent Photo

    Charlene Bailey

    Bespoke Realty

    (901) 883-5210

    1055 Shaw Place, Memphis, TN 38126
  • /2

    $199,955 New Construction

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

    1067 Shaw Place, Memphis, TN 38126

    Welcome to Shaw Place Development—a new residential community in South Memphis . Located directly across from LeMoyne-Owen College and just minutes from the Stax Museum and The Soulsville Charter School, this community blends affordable luxury with modern elegance. There is still time to select your lot and customize your finishes. Whether you're a first-time homebuyer or looking to downsize

    Agent Photo

    Charlene Bailey

    Bespoke Realty

    (901) 910-1238

    1067 Shaw Place, Memphis, TN 38126
  • /4

    $150,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,298 Sq Ft

    2440 Sparks St, Memphis, TN 38106

    Step into this beautifully crafted new construction home, designed with quality, comfort, and affordability in mind. Offering three spacious bedrooms and two modern baths, this home features a bright open-concept layout with vaulted ceilings, luxury vinyl plank flooring, and a stunning kitchen complete with brand-new stainless-steel appliances—refrigerator included! Enjoy meal prep on generous

    Agent Photo

    Patrice Williams-Wooten

    Keller Williams

    (901) 668-5522

    2440 Sparks St, Memphis, TN 38106
  • /15

    $185,000 New Construction

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

    351 Edith Ave, Memphis, TN 38126

    Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

    Agent Photo

    Tammy Taylor

    KAIZEN Realty, LLC

    (901) 676-6721

    351 Edith Ave, Memphis, TN 38126
  • /11

    $150,000

    • 3 Beds
    • 2 Baths
    • 1,591 Sq Ft

    3573 Hanna Dr, Memphis, TN 38128

    Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

    Cassandra Bell-Warren 4 Success Realty, LLC

    3573 Hanna Dr, Memphis, TN 38128
  • /5

    $169,000

    • 3 Beds
    • 1.5 Baths
    • 1,210 Sq Ft

    5466 Cottonwood Rd, Memphis, TN 38115

    See this beautiful 3 bed 1.5 bath home in great condition. This property is great for new homeowners ready for a smooth transfer into property ownership!

    Micah Thomas Hayes Homes and Realty, Inc

    5466 Cottonwood Rd, Memphis, TN 38115
  • /32

    $104,900

    • 3 Beds
    • 1 Bath
    • 1,341 Sq Ft

    3741 Ridgemont Rd, Memphis, TN 38128

    Move-In Ready 3-Bed Ranch! Single-story home with 3 bedrooms, 1 bath, and cozy fireplace. Spacious kitchen & dining area, 1,200+ sq ft of living space, and 0.19-acre yard. Driveway parking and quiet neighborhood near highways, schools, and shopping. Perfect for first-time buyers or investors!

    Tiffany Jones Trelora Realty

    3741 Ridgemont Rd, Memphis, TN 38128
  • /33

    $114,900

    • 3 Beds
    • 1.5 Baths
    • 935 Sq Ft

    4725 Lofts Rd, Memphis, TN 38118

    Cozy 3-bed, 1.5-bath Memphis home in Parkway Village-Oakhaven! 935 sq ft of comfortable living on a 6,969?sq?ft lot. Bright living space, functional kitchen, and flexible dining area. Driveway parking, great location near schools, shopping, and highways. Perfect for first-time buyers or investors—move in or rent out with ease!

    Tiffany Jones Trelora Realty

    4725 Lofts Rd, Memphis, TN 38118
  • /16

    $169,900

    • 3 Beds
    • 2 Baths
    • 1,253 Sq Ft

    4811 Sturbridge Ln, Memphis, TN 38141

    Looking for a fixer upper? This house needs a little of everything to bring it back to life, but the bones and roof are good. Ideal for investors looking for their next buy and hold. Will make a great investment property. Sellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due

    Ryan Flannery Premier Realty Group, LLC

    4811 Sturbridge Ln, Memphis, TN 38141
  • /5

    $100,000

    • 3 Beds
    • 1.5 Baths
    • 1,298 Sq Ft

    4023 McWeeny Ave, Memphis, TN 38128

    Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

    Cassandra Bell-Warren 4 Success Realty, LLC

    4023 McWeeny Ave, Memphis, TN 38128
  • /12

    $155,000

    • 3 Beds
    • 1.5 Baths
    • 1,456 Sq Ft

    3596 Naylor Dr, Memphis, TN 38128

    Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

    Cassandra Bell-Warren 4 Success Realty, LLC

    3596 Naylor Dr, Memphis, TN 38128
  • /12

    $105,000

    • 3 Beds
    • 2 Baths
    • 1,225 Sq Ft

    2995 N Trezevant St, Memphis, TN 38127

    Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

    Cassandra Bell-Warren 4 Success Realty, LLC

    2995 N Trezevant St, Memphis, TN 38127
  • /9

    $155,000

    • 3 Beds
    • 2 Baths
    • 1,370 Sq Ft

    5130 Rolling Fields Dr, Memphis, TN 38134

    Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

    Cassandra Bell-Warren 4 Success Realty, LLC

    5130 Rolling Fields Dr, Memphis, TN 38134
  • /34

    $104,900

    • 3 Beds
    • 1.5 Baths
    • 1,074 Sq Ft

    4098 Kerwin Dr, Memphis, TN 38128

    Charming 3BR/1.5BA brick ranch in the desirable Raleigh Farms neighborhood! This single-story home features a spacious living room, formal dining area, and a well-sized kitchen. Enjoy all bedrooms on the main level, central HVAC, and a convenient 1-car carport. Perfect starter home or rental investment on a ~0.19-acre lot with easy access to Raleigh-Millington Rd and local schools. Affordable,

    Tiffany Jones Trelora Realty

    4098 Kerwin Dr, Memphis, TN 38128
  • /26

    $105,000

    • 3 Beds
    • 1.5 Baths
    • 1,470 Sq Ft

    3635 Bishops Bridge Rd, Memphis, TN 38118

    Great opportunity to buy into instant equity! Solid 3 bed, 1.5 bath home sitting on a spacious lot, offering a great opportunity for an investor or homebuyer looking to add value. The property features a brand-new heat unit and hot water heater. The A/C is original and the roof will likely need replacement. While the home does need some work, it has solid bones, a brick exterior, and is located

    Elliot Cerezo The Home Partners Realty

    3635 Bishops Bridge Rd, Memphis, TN 38118
  • /26

    $184,000

    • 3 Beds
    • 2.5 Baths
    • 1,626 Sq Ft

    435 N Highland St Unit 2, Memphis, TN 38122

    Conveniently located just minutes from UofM, Rhodes, the medical district, and downtown, this spacious 3 BD, 2.5 BA townhome offers comfort, updates, and unbeatable proximity to the best of Memphis. Just across the street from High Point and the Greenline, you'll enjoy easy access to great dining, outdoor rec, and a lively community atmosphere. Inside, the home features a separate living room and

    Carol Stout Ware Jones, REALTORS

    435 N Highland St Unit 2, Memphis, TN 38122
  • /20

    $170,000

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    6496 Wimble Rd, Memphis, TN 38134

    Well-maintained and move-in ready, this 3-bedroom, 1.5-bath home offers comfortable living with a clean, and functional layout. The home features a nicely kept interior with solid finishes and an open layout from the kitchen to the living room. Making it an excellent option for buyers looking for a home they can enjoy immediately without the need for major work. BOOK YOUR SHOWINGS TODAY!

    Henry Valle-Castillo BHHS Taliesyn Realty

    6496 Wimble Rd, Memphis, TN 38134
  • /18

    $185,900

    • 3 Beds
    • 2.5 Baths
    • 1,622 Sq Ft

    3173 Tulip Poplar Dr Unit 5, Memphis, TN 38115

    Discover this thoughtfully updated condo, offering a practical blend of style and convenience. Designed for a turn-key lifestyle, the home features a refreshed interior with contemporary updates that prioritize everyday functionality and comfort. The kitchen serves as a reliable centerpiece, featuring durable granite countertops and a suite of new stainless steel appliances. The ample counter

    Carl Purifoy Home Boss Realty

    3173 Tulip Poplar Dr Unit 5, Memphis, TN 38115
  • /22

    $170,000

    • 3 Beds
    • 1.5 Baths
    • 1,376 Sq Ft

    5140 Blueridge Dr, Memphis, TN 38134

    Charming 3-bedroom, 1.5-bath home offering 1,376 square feet of comfortable living space! This well-maintained property features a classic brick exterior, covered parking, and a spacious backyard with a large covered patio perfect for relaxing or entertaining. Inside, you’ll find a generously sized living area with great natural light and plenty of room to gather. The kitchen offers ample cabinet

    Shanna Greer BHHS McLemore & Co., Realty

    5140 Blueridge Dr, Memphis, TN 38134
  • /15

    $189,900

    • 3 Beds
    • 2 Baths
    • 1,830 Sq Ft

    1659 Jackson Ave, Memphis, TN 38107

    Cute Ranch home with hardwood flooring and tall ceilings large office up front could be fourth bedroom off family room 3 bedrooms and 2 full baths nice size kitchen Owner prefers as is sale will provide credit or install ac unit prior to closing

    Frank Pereira Jennae Realty, Inc.

    1659 Jackson Ave, Memphis, TN 38107
  • /21

    $194,900

    • 3 Beds
    • 2 Baths
    • 1,242 Sq Ft

    1727 Euclid Ave, Memphis, TN 38114

    TENANT OCCUPIED. Step into this beautifully updated 3-bedroom, 2-bath home in the highly desirable Cooper Young neighborhood. Completely renovated from top to bottom, it features new luxury vinyl flooring throughout. The kitchen shines with brand-new granite countertops and cabinetry, perfect for any home chef. Both bathrooms have been stylishly upgraded with modern vanities, fixtures, and

    Joshua Moss KAIZEN Realty, LLC

    1727 Euclid Ave, Memphis, TN 38114
  • /19

    $114,900

    • 3 Beds
    • 1 Bath
    • 1,013 Sq Ft

    3829 Ford Rd, Memphis, TN 38109

    Motivated Seller! Seller just slashed the price over $25,000! Welcome to 3829 Ford Rd, a move in ready 3 bedroom, 1 bath home that offers comfort today with room to add value over time. The layout flows easily from the living area into the updated kitchen with sleek countertops, great storage, and practical everyday function. Major 2023 improvements include the HVAC, water heater, and flooring,

    James Wachob Foundation Property Management

    3829 Ford Rd, Memphis, TN 38109
  • /13

    $198,500

    • 3 Beds
    • 1 Bath
    • 1,199 Sq Ft

    4402 Boyce Rd, Memphis, TN 38117

    TENANT OCCUPIED. Beautifully renovated home just minutes from Interstate 240, offering easy access to shopping, dining, schools, and entertainment. Conveniently located near Getwell Road and S Perkins Road, this home provides both comfort and accessibility. Recent updates include fresh paint, new cabinetry, a new roof, and all-new flooring throughout. The kitchen features newer cabinets and

    Joshua Moss KAIZEN Realty, LLC

    4402 Boyce Rd, Memphis, TN 38117
  • /2

    $135,000

    • 3 Beds
    • 2 Baths
    • 1,234 Sq Ft

    2552 Ogden Ave, Memphis, TN 38112

    Tenant-occupied property generating $1,150/month with a lease in place through July 2026, providing immediate and stable cash flow. This is a great opportunity for investors looking to add a performing asset to their portfolio without the hassle of vacancy or lease-up. Property is professionally managed and offers strong rental potential in a high-demand area. Please do not disturb the resident.

    Bradley Puckett CB Properties of Memphis, LLC

    2552 Ogden Ave, Memphis, TN 38112
  • /14

    $139,500

    • 3 Beds
    • 1 Bath
    • 1,062 Sq Ft

    4928 Willow Rd, Memphis, TN 38117

    This brick 3 bed 1 bath house has many updates. It has hardwood floors (need refinishing but they are in good shape.) It has an oversized parking pad and a carport for covered parking. It has an updated electric panel (2025) It has a brand new heater. Roof is 2 years old. New water heater. The cooling has been window units- but it is set up for central air it just needs a new unit. Owner Agent.

    James Anson Underwood Crye-Leike, Inc., REALTORS

    4928 Willow Rd, Memphis, TN 38117
  • /18

    $157,000

    • 3 Beds
    • 2.5 Baths
    • 1,743 Sq Ft

    2550 Everett Ave, Memphis, TN 38112

    Welcome to 2550 Everett Ave, Memphis, TN 38108, a beautiful 3-bedroom, 2 full bathroom home that blends modern updates with great investment potential. This property features stylish finishes throughout, making it immediately eye-catching for both first-time homebuyers and savvy investors alike. Enjoy the benefits of recent renovations that give the home a fresh, updated feel while still offering

    Jonathan Nunez Fast Track Realty, LLC

    2550 Everett Ave, Memphis, TN 38112
  • /6

    $185,000

    • 3 Beds
    • 2 Baths
    • 2,056 Sq Ft

    284 Singingwood Dr, Memphis, TN 38127

    Welcome to 284 Singingwood Drive, a 4-bedroom, 2-bath home with a practical, comfortable layout. The living and dining areas are bright and open, providing space for everyday living. The bedrooms are spacious enough for family, guests, or a home office. The home features an enclosed sunroom, offering a casual spot to enjoy the backyard while staying sheltered. Outside, a private backyard provides

    Jonathan Nunez Fast Track Realty, LLC

    284 Singingwood Dr, Memphis, TN 38127
  • /14

    $175,000

    • 3 Beds
    • 2 Baths
    • 1,317 Sq Ft

    1664 Nelson Ave, Memphis, TN 38114

    Located in the vibrant Cooper-Young area, this charming 3-bedroom, 2-bath home sits on a corner lot directly across from a park, offering both character and convenience in one of Memphis’ most sought-after and growing communities. This home features a welcoming wrap-around porch, perfect for relaxing and enjoying the neighborhood atmosphere. Inside, you’ll find a living room, formal dining room,

    Ben Strauch Skyline Realty

    1664 Nelson Ave, Memphis, TN 38114
  • /23

    $200,000

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

    2888 Midland Ave, Memphis, TN 38111

    Adorably cute 3 bed, 2 bath brick cottage on a quiet street near Chickasaw Gardens! Spacious living room, separate dining room, and updated kitchen complete with gas cooking, built in appliances, tons of cabinet storage and separate breakfast room. Split bedroom plan. 2 beds share updated bath and primary bedroom has private ensuite. Hardwood floors throughout. Smooth ceilings. Refrigerator &

    Shannan McWaters The Firm

    2888 Midland Ave, Memphis, TN 38111
  • /40

    $100,000

    • 3 Beds
    • 1.5 Baths
    • 1,275 Sq Ft

    4100 Cliffdale St, Memphis, TN 38127

    Turnkey investment opportunity in the heart of 38127! This tenant-occupied 3-bedroom, 1.5-bath home offers immediate cash flow with a current rental rate of $1,050/month. Featuring a functional layout and a convenient carport, this property is ideal for investors looking to expand their portfolio with a performing asset. Located in a stable rental area with consistent demand, this home provides

    Caleb Parr Renshaw Company, REALTORS

    4100 Cliffdale St, Memphis, TN 38127
  • /12

    $134,900

    • 3 Beds
    • 1.5 Baths
    • 1,187 Sq Ft

    919 Chesterton Dr, Memphis, TN 38127

    Turnkey investment opportunity with immediate cash flow! This tenant-occupied property generates $1,350/month, with a tenant in place since October 2025, providing stable income and reduced vacancy risk. Located in an unincorporated area with low county taxes, helping maximize investor returns. Ideal for both new and seasoned investors, with potential eligibility for various financing options,

    David Truong eXp Realty, LLC

    919 Chesterton Dr, Memphis, TN 38127

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