Homes in 38111 under $200,000

• 

  

  

  /23

  $174,900

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,542 Sq Ft

  1009 McEvers Rd, Memphis, TN 38111

  Just minutes from the University of Memphis. The property features a handicap-accessible front ramp, offering added convenience and accessibility. Rental Details: ?? Market Rent: $1,260/month ?? Section 8 Welcome: Approved rental rate up to $1,780 ? Accessibility: Handicap ramp at front entrance ?? Location Perk: Near the University of Memphis ?? Type: Single-family residential home This home is

  

  Austin Hall

  Evernest Too, LLC

  (901) 698-3839

  1009 McEvers Rd, Memphis, TN 38111
• 

  

  

  /27

  $179,901

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  740 Shotwell St, Memphis, TN 38111

  Only two blocks away from the University of Memphis Campus, this centrally located brick home is close to shopping, schools, restaurants, golf and parks. Why rent when you can buy? Qualifies for FHA, VA and Conventional financing . Equal Housing Opportunity.

  

  Pablo Pereyra

  901, REALTORS

  (901) 657-5576

  740 Shotwell St, Memphis, TN 38111
• 

  

  

  /14

  $190,000

  • 3 Beds
  • 1 Bath
  • 1,246 Sq Ft

  3094 Park Ave, Memphis, TN 38111

  Completely renovated 3-bedroom, 1-bath home loaded with updates and modern features! This move-in ready property offers spacious walk-in closets, a separate laundry room, upstairs storage space, and ceiling fans throughout. Enjoy added peace of mind with a security system that includes Ring cameras, window sensors, and motion detectors — all conveying with the home. Exterior features include a

  

  Katrina Smith

  Keller Williams

  (901) 472-2526

  3094 Park Ave, Memphis, TN 38111
• 

  

  /2

  $105,070

  • 2 Beds
  • 1 Bath
  • 772 Sq Ft

  3740 E Mallory Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-5925

  3740 E Mallory Ave, Memphis, TN 38111
• 

  

  /2

  $176,890

  • 2 Beds
  • 2 Baths
  • 1,320 Sq Ft

  3051 Park Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-2521

  3051 Park Ave, Memphis, TN 38111
• 

  /2

  $143,640

  • 3 Beds
  • 1 Bath
  • 1,119 Sq Ft

  3803 Rhodes Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,150 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 668-8878

  3803 Rhodes Ave, Memphis, TN 38111
• 

  /2

  $172,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  4082 Rhodes Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,100 a month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 499-4592

  4082 Rhodes Ave, Memphis, TN 38111
• 

  /2

  $122,360

  • 2 Beds
  • 1 Bath
  • 876 Sq Ft

  3640 Dunn Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 554-4811

  3640 Dunn Ave, Memphis, TN 38111
• 

  

  /31

  $160,000

  $5K PRICE INCREASE

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

  3132 Carnes Ave, Memphis, TN 38111

  Come see this 3-bed 2-bath home at 3132 Carnes Ave with great curb appeal, hardwood-style flooring, multiple living areas, a separate dining room, and a functional kitchen with white cabinetry, granite countertops, and tile backsplash. This home offers plenty of flexible space, including an upstairs beedroom with skylight and built-in storage that works well as an office, media room, playroom, or

  Kenneth Williams Bluff City Realty Group, LLC

  3132 Carnes Ave, Memphis, TN 38111
• 

  

  /15

  $179,900

  • 3 Beds
  • 2 Baths
  • 1,410 Sq Ft

  3872 Philsdale Ave, Memphis, TN 38111

  Great family home close to everything on quiet street no through traffic! Home is completely updated everything new and appliances. Hurry a three bedroom two bath under 200k is hard to find and move in ready with huge back yard!

  dave scott BHHS Taliesyn Realty

  3872 Philsdale Ave, Memphis, TN 38111
• 

  

  /22

  $155,000

  • 2 Beds
  • 1 Bath
  • 912 Sq Ft

  3529 Marion Ave, Memphis, TN 38111

  Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort, convenience, and versatility in a prime location near the college - University of Memphis. In addition to the two spacious bedrooms, the home features a flex room that can easily serve as a 3rd bedroom, home office, study space, or bonus room, making it ideal for a variety of lifestyles. Tasteful updates

  Mary Williams Coldwell Banker Collins-Maury

  3529 Marion Ave, Memphis, TN 38111
• 

  /2

  $140,000

  $35K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,405 Sq Ft

  3540 Marion Ave, Memphis, TN 38111

  30k price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! Property is currently rented for $1375/mo. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
• 

  /2

  $160,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,278 Sq Ft

  3588 Kearney Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1450/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 amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3588 Kearney Ave, Memphis, TN 38111
• 

  

  /20

  $175,000

  $25K PRICE DROP

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

  582 Watson St, Memphis, TN 38111

  Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,575 a month, and the lease will end on 12/31/2025. It can be sold separately or as a package deal along with 3739 Spottswood.

  Crystal Mitchell Renshaw Company, REALTORS

  582 Watson St, Memphis, TN 38111
• 

  

  /4

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,107 Sq Ft

  553 Josephine St, Memphis, TN 38111

  Potential Short Sale!! Home in need of repair Beautiful Home! Perfect for first time homebuyers or empty nesters. Located near University of Memphis and Midtown that’s full of restaurants shopping. Schedule your showings today

  Travis Patterson C21 Patterson & Assoc. Real Es

  553 Josephine St, Memphis, TN 38111
• 

  

  /19

  $150,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,240 Sq Ft

  3760 Norris Ave, Memphis, TN 38111

  Welcome to 3760 Norris Avenue—where timeless charm meets modern living. This beautifully renovated home has been completely updated from top to bottom, offering the perfect blend of character, comfort, and style. Step inside to discover a bright, inviting floor plan featuring updated flooring, fresh designer finishes, and thoughtfully reimagined living spaces. The stunning kitchen boasts modern

  Loren Huie BHHS Taliesyn Realty

  3760 Norris Ave, Memphis, TN 38111
• 

  

  /11

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,275 Sq Ft

  2910 Southern Ave, Memphis, TN 38111

  TENANT OCCUPIED. Beautifully renovated 2-bedroom, 1-bath home located less than 5 minutes from the University of Memphis and Liberty Bowl Stadium. This move-in ready property features fresh paint, new cabinetry, and all-new flooring, including luxury vinyl throughout. The modern kitchen is equipped with quartz countertops and stainless steel appliances. The bathroom has been fully updated with

  Joshua Moss KAIZEN Realty, LLC

  2910 Southern Ave, Memphis, TN 38111
• 

  /2

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,800 Sq Ft

  4059 New Willow Rd, Memphis, TN 38111

  Lovely home newly renovated with new pant inside with a bonus new roof! Enjoy the spacious living rm, oversized eat in kitchen with built in stainless steel appliances, 2 bedrooms, 1 bath, and a fenced back yard that is perfect for entertaining and home bar -b ques! Call now, this one won't last long.

  Carol Tate Tate Realty and Construction

  4059 New Willow Rd, Memphis, TN 38111
• 

  

  /9

  $150,000

  • 2 Beds
  • 1 Bath
  • 1,002 Sq Ft

  3793 Rhodes Ave, Memphis, TN 38111

  Cozy two-bedroom brick home near the University of Memphis campus. Hardwood floors and ceiling fans. What will remain with the home: Refrigerator, electric range, microwave oven, dishwasher and washer/dryer, furniture, security camera system and two wall-mounted televisions. Another bonus is that this home has a spacious private fenced rear yard and deck. A winter storm damaged the carport. The

  Linda Catchings Crye-Leike, Inc., REALTORS

  3793 Rhodes Ave, Memphis, TN 38111
• 

  

  /25

  $150,000

  • 2 Beds
  • 1 Bath
  • 999 Sq Ft

  3684 Marion Ave, Memphis, TN 38111

  Special Government Financing Available!! Purchase and move into this Home for Little to Zero down!! Home within walking distance to University of Memphis campus and all that Highland Row has to offer!! All New Wood Flooring! Fresh paint throughout! Brand New kitchen cabinets! New tile in the kitchen, dining and bathroom! New Flush mount lighting. All Brick home with low exterior maintenance.

  Chuck House Keller Williams

  3684 Marion Ave, Memphis, TN 38111
• 

  

  /15

  $145,000

  $340K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  2974 Waverly Ave, Memphis, TN 38111

  ATTENTION INVESTORS!! Fully renovated, turnkey income-producing asset with tenant in place. Currently leased at $1,175, generating $222.65/month in cash flow through 3/12/2028 with a strong 6.25% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new 3-ton HVAC system with updated ductwork, upgraded electrical with new breaker

  James Wachob Foundation Property Management

  2974 Waverly Ave, Memphis, TN 38111
• 

  

  /16

  $149,800

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,265 Sq Ft

  1809 Cherry Rd, Memphis, TN 38117

  Come see this beautiful move-in ready home! Freshly painted interior and big back yard. Perfect for a family to move right in!

  Frank Colvett REMAX Experts

  1809 Cherry Rd, Memphis, TN 38117
• 

  

  /21

  $149,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,353 Sq Ft

  3244 Spottswood Ave, Memphis, TN 38111

  Charming home located in the heart of Memphis. This home features 3 bedrooms and 1 bathroom, providing a comfortable and spacious living space. Upon entering, you are welcomed by a cozy living area with hardwood floors, large windows, and a fireplace. The open-concept layout leads into the well-appointed kitchen, which includes plenty of cabinet space. There is a two-car garage located at the

  Jessica Ennis Renshaw Company, REALTORS

  3244 Spottswood Ave, Memphis, TN 38111
• 

  

  /12

  $150,000

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

  3904 Kimball Ave, Memphis, TN 38111

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  3904 Kimball Ave, Memphis, TN 38111
• 

  /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
• 

  

  /16

  $110,000

  • 2 Beds
  • 1 Bath
  • 1,241 Sq Ft

  3816 Allandale Ln, Memphis, TN 38111

  This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved

  Tracy Jefferson Crye-Leike, Inc., REALTORS

  3816 Allandale Ln, Memphis, TN 38111
• 

  

  /17

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  1563 Railton Rd, Memphis, TN 38111

  Wonderful & Charming 3BR/2BA Home. Huge Primary Bedroom & Ample Natural Light Throughout. Spacious Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors Throughout. Move-In Ready w/Thoughtful Updates Throughout. Renovated bathrooms. Inviting Large Living Room w/Abundant Light & Spacious Dining Room Perfect for Entertaining. Ideally Located Just Minutes from The University of

  Frank Newson BEST Real Estate Company

  1563 Railton Rd, Memphis, TN 38111
• 

  

  /23

  $193,000

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,185 Sq Ft

  3220 Seminole Rd, Memphis, TN 38111

  Wonderful Home for Sale – 3 Bedrooms, 2 Bathroom, features 3 spacious bedrooms, . It includes a wood kitchen with an open-concept layout, seamlessly connected to the living areas for a warm and inviting feel. Additionally, the property: offers a completely fenced garden.

  Itzel Sanchez Bustamante Keller Williams

  3220 Seminole Rd, Memphis, TN 38111
• 

  

  /20

  $134,900

  • 2 Beds
  • 1 Bath
  • 873 Sq Ft

  556 Lundee St, Memphis, TN 38111

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38111 area. Cash flowing with a monthly rental amount of $995/month. Currently on MTM. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  556 Lundee St, Memphis, TN 38111
• 

  

  /16

  $124,900

  • 3 Beds
  • 1 Bath
  • 925 Sq Ft

  1018 Goodman St, Memphis, TN 38111

  Beautiful 3 bedroom, 1 bathroom home with a functional layout and plenty of charm. Features include spacious living areas, updated finishes, and a bright kitchen with ample cabinet space. Enjoy a large backyard perfect for entertaining, relaxing, or pets. Conveniently located near shopping, dining, and schools. Great opportunity for a first time buyer, investor, or anyone looking for affordable

  Crystal Mitchell Renshaw Company, REALTORS

  1018 Goodman St, Memphis, TN 38111
• 

  

  /3

  $129,900

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

  3465 Spottswood Ave, Memphis, TN 38111

  Terrific investment opportunity! Professionally managed and tenant occupied home for sale. Hard to find 3 bedroom 2 bathroom home with bonus room (at this price point). Currently rented for $950/mo with a $950 security deposit on file (rental upside since it is a 3/2 with a bonus room). Lease ends 2/28/26. Home is steps away from the University of Memphis and is a great long term hold. Values are

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3465 Spottswood Ave, Memphis, TN 38111
• 

  

  /12

  $135,000

  $7K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,076 Sq Ft

  1284 Merrycrest Dr, Memphis, TN 38111

  3 bedroom brick home in move in condition ready for its new owners. Conveniently located to freeway, places of worship and more. Large backyard.Appliances stay. Call your favorite real estate agent today for a private showing. Seller requests only pre approved buyers tour property.

  Monica Mauricio REMAX Experts

  1284 Merrycrest Dr, Memphis, TN 38111
• 

  

  /24

  $100,000

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3646 Spottswood Ave Unit 9, Memphis, TN 38111

  Come see this 2 bedroom, 1 bath condo near the University of Memphis before school starts! This ground floor, single-story unit is perfect for an owner occupant or an investor. Anchored by the University, property values will always be stable. The previous owner has installed new floors and applied fresh paint throughout. The current owner has replaced the water heater! Allappliances remain. This

  Jenna Williamson Green Bee Real Estate

  3646 Spottswood Ave Unit 9, Memphis, TN 38111
• 

  

  /3

  $100,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 1,108 Sq Ft

  3533 Douglass Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is tenant occupied for $895/mo. 35k in rehab done to this property in the past year! Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have

  William Haynes Crye-Leike, Inc., REALTORS

  3533 Douglass Ave, Memphis, TN 38111
• 

  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,109 Sq Ft

  3236 Park Ave, Memphis, TN 38111

  THIS HOME IS TENANT OCCUPIED!!! DO NOT DISTURB TENATS!!! All offers must be accepted prior to any inspections. Please call listing agent for information and showing instructions. Offer instructions are in documents.

  Henry Booth Omni, REALTORS

  3236 Park Ave, Memphis, TN 38111
• 

  

  /10

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
• 

  

  /18

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,450 Sq Ft

  1577 S Highland St, Memphis, TN 38111

  Updated 3BR/2BA home in a prime East Memphis location! Features spacious living areas, modern updates, and a functional layout perfect for homeowners or investors. Conveniently located near the University of Memphis, shopping, dining, and major highways. Move-in ready with great potential!

  Cesar Lara Fast Track Realty, LLC

  1577 S Highland St, Memphis, TN 38111
• 

  

  /23

  $169,900

  • 3 Beds
  • 2 Baths
  • 1,305 Sq Ft

  721 Inez St, Memphis, TN 38111

  INVESTOR'S DREAM! Tenant occupied for $1650 per month, lease expires 4/2027. The property is professionally managed. Newly renovated bungalow featuring 3 bedrooms and 2 full bathrooms. This home offers modern updates including accent walls, recessed lighting, and beautifully tiled bathrooms. The property also includes a detached garage and a fenced backyard, perfect for added privacy and outdoor

  Raven Henderson KAIZEN Realty, LLC

  721 Inez St, Memphis, TN 38111
• 

  

  /15

  $103,000

  $2K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  3445 Pruett Ct, Memphis, TN 38111

  Gated Condo Complex located mins from the University of Memphis and Highland Strip. This 2bed/1.5 bath could make a great investment for an investor or home for an owner occupant. Living Room, Dining Area, and Fenced in Patio Area. HOA is $140 monthly and covers exterior maintenance repairs, property insurance, landscaping & grounds cleaning, pest control, water/sewer for property, utilities for

  Monica Bynum Crye-Leike, Inc., REALTORS

  3445 Pruett Ct, Memphis, TN 38111
• 

  

  /11

  $179,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,087 Sq Ft

  616 Shotwell St, Memphis, TN 38111

  Price Improvement! Investor Opportunity on the U of M Campus! Home is currently occupied an ideal for investors looking to buy near campus. Home is two street from campus and two street from Audubon Park! HVAC and HWH 2017 and roof less than 10 years! Tenant pays $1395 and $1450 starting in August. Lease ends August of 2027. Call listing agent for details. Do not disturb tenants! Access upon

  Andrew Akins CB Properties of Memphis, LLC

  616 Shotwell St, Memphis, TN 38111

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