Homes in 38115 under $200,000

• 

  

  

  /39

  $135,000

  • 2 Beds
  • 1.5 Baths
  • 1,322 Sq Ft

  6320 Kirby Downs Dr, Memphis, TN 38115

  Check out this Beautifully renovated Corner lot , 2-Bedroom, 1.5 bath, 2 Story home located in the highly sought after East Memphis area. This home features Living Room/ Dinning Room Combo, Eat in Kitchen , brand new appliances and a spacious great room with a cozy fireplace, perfect for entertaining. The laundry area is conveniently located upstairs, adding ease to everyday life and living.

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 657-3868

  6320 Kirby Downs Dr, Memphis, TN 38115
• 

  

  

  /40

  $88,500

  • 4 Beds
  • 2.5 Baths
  • 1,854 Sq Ft

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115

  Newly Renovated Condo located in East Memphis with 4 Bedrooms , 3 baths with an Office Space. Condo is Huge-almost 2000 sqft. Spacious Property is now rented for $1650 a month, One year lease of March 1st,2026. Property was Purchased in a Tax Sale. Title Insurance is available with a Risk Endorsement Policy through Saddle Creek Title. Seller prefers Cash Sale offers. ****Must Present a Valid

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 657-4342

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115
• 

  

  

  /22

  $189,900

  $39K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,558 Sq Ft

  3968 Wandering Way, Memphis, TN 38115

  Great 3 bedroom/2 bath home in a good neighborhood. Large, open den with lovely brick fireplace. Eat-in kitchen with lots of light, beautiful, glass tile backsplash, updated countertops, dishwasher, and stainless-steel refrigerator. There are 3 spacious bedrooms with plenty of closet storage, plus a large walk-in closet in the hallway. The backyard is very nice. It is fenced and includes a large

  

  Mary McCall

  Burch Realty Group

  (901) 673-8111

  3968 Wandering Way, Memphis, TN 38115
• 

  

  

  /31

  $180,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,821 Sq Ft

  6128 Raintree Dr, Memphis, TN 38115

  Renovated 3 bedroom 2 bath home in Ridgeway Estates. Ridgeway Estates boasts a prime location with easy access to major highways like Interstates 40, 69, 55, 240, and 269. with nearby parks and recreational facilities available.

  

  Jason Miller

  eXp Realty, LLC

  (901) 621-5815

  6128 Raintree Dr, Memphis, TN 38115
• 

  

  

  /25

  $123,000

  $2K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,334 Sq Ft

  6289 Kirby Downs Dr, Memphis, TN 38115

  Wonderful 2BR/1.5BA Attached Town Home~Huge Great Room w/Brick Fireplace & Ample Natural Light~Spacious Eat-In Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors~Laundry Closet and Half Bath Conveniently Located Off Kitchen~Upstairs You'll Find Two Large Bedrooms with Bathroom Between Them~Fenced-In Backyard~Seller is not interested in creative financing or seller

  Jennifer Carstensen Real Estate Agency

  6289 Kirby Downs Dr, Memphis, TN 38115
• 

  

  /27

  $129,000

  $1K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,477 Sq Ft

  3722 Fern Ridge Rd, Memphis, TN 38115

  Located in the desirable Deer Creek community, this townhome offers a fantastic opportunity for buyers looking to add value. Featuring 2 bedrooms, each with a private bathroom, plus a half bath downstairs for guests, the layout is both functional and convenient. The home includes a spacious great room with a fireplace, wet bar, and built-in shelving, perfect for entertaining or relaxing. The

  Ben Strauch Skyline Realty

  3722 Fern Ridge Rd, Memphis, TN 38115
• 

  

  /8

  $79,000

  • 3 Beds
  • 1.5 Baths
  • 1,312 Sq Ft

  3755 Cambridge Station Dr Unit N1, Memphis, TN 38115

  Package sale 3755 3bed/1.5 bath & 3760 Cambridge Station Dr. 2bed/1.5 bath. Tenant occupied in 3755, great investment opportunity or home purchase. 3bed/1.5bath Call agent for more information and showings.

  John Cornes Braden, Braden & Braden LLC

  3755 Cambridge Station Dr Unit N1, Memphis, TN 38115
• 

  

  /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
• 

  

  /4

  $75,000

  • Land
  • 40,075 Sq Ft
  • $81,522 per Acre

  Mt. Moriah Road Extension, Memphis, TN 38115

  .92 +/- Acre Commercial Site Proximity to Highway 385 and Interstate 240 Prime Visibility on Busy Mt Moriah Commercial Corridor Between Family Dollar and Studio 6 Hotel Strong Traffic Counts and Daytime Population in the Area Ideal for Retail, Service, or Small Commercial User Utilities and Infrastructure Available Along Mt Moriah Rd Excellent Signage and Branding Opportunity on Main Corridor

  Edward Durnil Tranzon Asset Advisors

  Mt. Moriah Road Extension, Memphis, TN 38115
• 

  

  /6

  $124,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,594 Sq Ft

  3846 Camelia Cove, Memphis, TN 38115

  3-bed, 2-bath brick ranch in a quiet Heritage Colony cove. 1,594 sq. ft. layout featuring a spacious den with fireplace, formal living and dining rooms, and a private primary suite. Low-maintenance exterior on a level lot. Convenient access to schools and I-240. Ideal for homeowners or investors.

  Christopher Stjernholm Trelora Realty

  3846 Camelia Cove, Memphis, TN 38115
• 

  

  /13

  $123,900

  $1K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,429 Sq Ft

  6543 Fern Creek Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,075/mo. Lease until July 2026. Two story great room with fireplace, wood laminate floors, newer roof, water heater & HVAC system, granite. Bed/Bath up, Bed/Bath down, Loft area up. Screened-in patio, fenced-in backyard.

  Brandon Smith Smith Family Real Estate, LLC

  6543 Fern Creek Dr, Memphis, TN 38115
• 

  

  /21

  $148,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2026. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
• 

  

  /3

  $175,000

  $175K PRICE DROP

  • Land
  • 1.4 Acres
  • $125,000 per Acre

  3451 Ridgeway Rd, Memphis, TN 38115

  This CMU-1 Commercially zoned lot is 1.4 +/- Acres in a great location with nearby Apartment communities, single family homes, businesses and churches. Great Road frontage and visabillity! Seller willing to entertain Owner-Financing option

  John Cornes Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
• 

  

  /11

  $71,167

  • 2 Beds
  • 1.5 Baths
  • 952 Sq Ft

  3760 Cambridge Station Dr, Memphis, TN 38115

  Package condo deal 3755 2bed/1.5bath & 3760 Cambridge Dr. All bedrooms upstairs. Great opportunity for owners or investors. 3760 is 3 bed/2.5 bath Possible rent up to $1,300/Month. Lockbox. Showings 15 mins. prior. Code 1906.

  John Cornes Braden, Braden & Braden LLC

  3760 Cambridge Station Dr, Memphis, TN 38115
• 

  

  /19

  $192,400

  • 2 Beds
  • 2.5 Baths
  • 1,619 Sq Ft

  3585 Bishops Gate Dr, Memphis, TN 38115

  Welcome to this well-maintained 2-bedroom, 2 bath townhouse offering comfort, functionality, and modern touches throughout. Step inside to an open layout featuring luxury vinyl flooring, neutral paint, and a spacious kitchen with quartz countertops, stainless steel appliances, and a breakfast bar perfect for everyday living and entertaining. The split floorplan offers two private suites, each

  Emanuel Martinez KAIZEN Realty, LLC

  3585 Bishops Gate Dr, Memphis, TN 38115
• 

  

  /12

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,451 Sq Ft

  3746 Clarke Rd, Memphis, TN 38115

  Contemporary 3 bedroom 2 bath ready for your magic touch! Very large lot. Vaulted Greatroom w/ FP. Lots of windows. Needs full makeover. Cash or Rehab offers only. Owner Occupant offers will be responded to after 7 days on the market and Investor offers responded after 30 days.

  Scott Housewirth Crye-Leike Inc., REALTORS

  3746 Clarke Rd, Memphis, TN 38115
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  /21

  $54,990

  $2K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115

  Nice, beatutiful and well kept 2bedroom 2bathroom townhome in Cambridge Condominium. Brand new window air conditioners installed (2026),brand new refrigerator (2026) with 4 years warranty and a nice size backyard for bbq's and nice gatherings. Unit is freshly painted and kitchen cabinets had been renewed. Low taxes and low HOA dues

  Jonathan Minerick homecoin.com

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115
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  /6

  $179,000

  • 3 Beds
  • 2 Baths
  • 1,705 Sq Ft

  4110 Kingscrest Cove, Memphis, TN 38115

  Cash flowing property for sale in Hickory Hill Area! Home rents for $1775 and is professionally managed. Lease is M2M. Call listing agent for details. Do not disturb tenants and access granted upon accepted offer.

  Andrew Akins CB Properties of Memphis, LLC

  4110 Kingscrest Cove, Memphis, TN 38115
• 

  /2

  $75,000

  • 4 Beds
  • 2 Baths
  • 1,530 Sq Ft

  3344 Kirby Trees Place Unit 8, Memphis, TN 38115

  Back on the market!!!! This is part of a two condo deal (3344 Kirby Trees and 5211 Flowering Peach) for $150,000.00. Units may be sold individually for $75,000.00 Unit is occupied at $1,400.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3344 Kirby Trees Place Unit 8, Memphis, TN 38115
• 

  

  /40

  $169,900

  $27K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,499 Sq Ft

  5627 Tulip Tree Dr, Memphis, TN 38115

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Welcome to 5627 Tulip Tree Dr! This charming 3-bedroom, 2-bath ranch offers a polished and versatile layout! Step inside to a bright interior featuring a formal living room, separate dining area, and a spacious den anchored by a cozy masonry fireplace. The eat-in kitchen offers a practical layout with a convenient laundry connection.

  James Wachob Foundation Property Management

  5627 Tulip Tree Dr, Memphis, TN 38115
• 

  

  /27

  $199,900

  $40K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,844 Sq Ft

  3546 Kings Arms St, Memphis, TN 38115

  Welcome home to this renovated 4-bedroom, 2-bath property offering the perfect blend comfort & functionality. Move-in ready and thoughtfully updated, this home features LVP flooring throughout the main living areas and brand new carpet in all bedrooms for a fresh, inviting feel. Fresh paint throughout. The layout is ideal for everyday living and entertaining, with both a front living room and a

  Ashley Tinker Reid, REALTORS

  3546 Kings Arms St, Memphis, TN 38115
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  /7

  $45,000

  $4K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,120 Sq Ft

  3209 13 Colony Mall Unit 2B, Memphis, TN 38115

  Don't miss this fantastic investment opportunity! This recently updated 2BR/2BA condo comes with assigned covered carport parking and a stable tenant in place, paying $900/month. The tenant holds a Section 8 voucher, ensuring consistent rental income as the full rent is covered. The lease renews on 06/26, providing immediate cash flow for the savvy investor. New hot water heater. This property is

  Stephanie Lewis Purple Reign Realty

  3209 13 Colony Mall Unit 2B, Memphis, TN 38115
• 

  

  /3

  $109,000

  $6K PRICE DROP

  • 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
• 

  

  /12

  $108,000

  • 2 Beds
  • 1.5 Baths
  • 1,333 Sq Ft

  3725 Wax Myrtle Dr, Memphis, TN 38115

  This property has a projected monthly rent of $975 ($11,700 annually), an estimated cash-on-cash return of 5.40%, and an expected monthly cash flow of $149.59. "all investment figures are estimates and verified independently by buyer" Well-positioned investment opportunity featuring a functional layout and solid bones. Recent updates enhance overall appeal, while the property remains in fair

  James Wachob Foundation Property Management

  3725 Wax Myrtle Dr, Memphis, TN 38115
• 

  

  /12

  $109,900

  $20K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,263 Sq Ft

  6354 Kirby Downs Dr, Memphis, TN 38115

  This property is leased at $950 per month ($11,400 annually) month to month term, with a cash-on-cash return of 6.00% and a monthly cash flow of 6.00%. "All investment figures are estimates and verified independently by buyer." Opportunity in a desirable Memphis location with strong rental demand. This well-maintained home offers a functional layout with spacious living areas, updated finishes,

  James Wachob Foundation Property Management

  6354 Kirby Downs Dr, Memphis, TN 38115
• 

  

  /15

  $69,900

  • 3 Beds
  • 2.5 Baths
  • 1,435 Sq Ft

  3218 Thirteen Colony Mall Unit 1A, Memphis, TN 38115

  MULTIPLE PROPERTY PORTFOLIO CAN ONLY BE BOUGHT IN BULK, TOTAL PRICE IS 436,900. Four investment properties available. Seller is seeking bulk offers. 3218 Thirteen Colony Mall #1A -- 3 beds, 2.1 baths, currently rented at $795, lease expires 9/30/2026, recent repairs, in good condition, HOA is $225/mo. 1936 Frisco -- 3 beds, 1 bath, new roof and hvac in 2021, currently rented for $795/mo. lease is

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3218 Thirteen Colony Mall Unit 1A, Memphis, TN 38115
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  /7

  $165,000

  $5K PRICE DROP

  • 4 Beds
  • 4 Baths
  • 3,033 Sq Ft

  5429 Jasmine Cove, Memphis, TN 38115

  PRICE REDUCED!! Turnkey, cash-flowing duplex generating $1,650/month with long-term, reliable tenants in place. Priced a 1%, seller is ready to make a deal! Unit 5429 rents for $800 (tenant since 12/1/2018; lease through 11/30/2026). Unit 5431 rents for $850 (tenant since 8/1/2025; lease through 7/31/2026). Leases automatically renew unless either party provides 30-day notice. Both tenants are

  Jeremy Veldman KAIZEN Realty, LLC

  5429 Jasmine Cove, Memphis, TN 38115
• 

  

  /18

  $75,000

  • 3 Beds
  • 2.5 Baths
  • 1,551 Sq Ft

  3157 Tulip Poplar Dr, Memphis, TN 38115

  Karimah Muhammad Assured Real Estate Services

  3157 Tulip Poplar Dr, Memphis, TN 38115
• 

  

  /13

  $62,500

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

  3243 Thirteen Colony Mall Unit 2B, Memphis, TN 38115

  Great investment opportunity. Tenant occupied, cash flowing and professionally managed rental property available. Currently rented for $965/mo with a $955 security deposit on file. Gated parking. $225 HOA fee. Brick exterior. Lease expires 9/30/26. Do not approach or disturb tenant, no showings without an accepted offer. No wholesale, assignment, seller finance or creative finance. Seller also

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3243 Thirteen Colony Mall Unit 2B, Memphis, TN 38115
• 

  /2

  $20,000

  • Land
  • 14,374 Sq Ft
  • $60,606 per Acre

  3443 S Mendenhall Rd, Memphis, TN 38115

  Keino Spring Harris & Harris Realty Group

  3443 S Mendenhall Rd, Memphis, TN 38115
• 

  /2

  $33,000

  $3K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,292 Sq Ft

  3803 S Mendenhall Rd Unit A2, Memphis, TN 38115

  Sold AS-IS; Vacant; investor’s dream; may be purchased as a package with 3756 Cambridge Station Dr. and 3218 Thirteen Colony Mall, Unit 4B, for $99,500 total; proof of funds required; seller prefers cash or strong terms.

  Sasmita Kar Keller Williams

  3803 S Mendenhall Rd Unit A2, Memphis, TN 38115
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  /4

  $34,000

  $2K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 1,435 Sq Ft

  3218 13 Colony Mall Unit 4B, Memphis, TN 38115

  Slod AS-IS. Showing only on accepted offer. Can be purchased as a package with 3803 S Mendenhall Rd and 3756 Cambridge Station Dr. for $99,500 total. Individual pricing available on request. Proof of funds required with all offers. No repairs/assignments.

  Sasmita Kar Keller Williams

  3218 13 Colony Mall Unit 4B, Memphis, TN 38115
• 

  

  /23

  $189,000

  • 3 Beds
  • 2 Baths
  • 1,480 Sq Ft

  3820 Lucerne Dr, Memphis, TN 38115

  Fantastic investment opportunity. Seller has 7 properties for sale. 6 SFH & 1 Duplex. This property is leased at $1,390/mo. through 2/28/2027. Providing immediate cash flow while you plan your future value-add strategy. Please do not disturb the tenant. Property being sold as-is. No wholesalers, or creative financing. Showings/Inspections after contract. This property is currently being

  Benjamin Reed Reed & Associates of Tenn, LLC

  3820 Lucerne Dr, Memphis, TN 38115
• 

  

  /23

  $169,500

  • 3 Beds
  • 1.5 Baths
  • 1,816 Sq Ft

  3133 Estes St, Memphis, TN 38115

  This updated contemporary split-level home is ready for a new owner! With over 1800 sq ft of space, there is more than enough room for family gatherings and entertainment inside and out. Please do not disturb the tenants.

  Joshua Cooper Sowell, Realtors

  3133 Estes St, Memphis, TN 38115
• 

  /2

  $47,500

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  5712 Los Gatos Dr Unit 2, Memphis, TN 38115

  latasha conway Divine Destiny Realty

  5712 Los Gatos Dr Unit 2, Memphis, TN 38115
• 

  

  /11

  $69,500

  • 2 Beds
  • 1.5 Baths
  • 960 Sq Ft

  3741 Cambridge Station Dr, Memphis, TN 38115

  Vacant and renovated. Huge Great Room with Eat-In Kitchen. New floors and lots of extras. 2 Big Bedrooms. Lots of space for the Price. Ready to Just Move-In

  Mike Parker REMAX Experts

  3741 Cambridge Station Dr, Memphis, TN 38115
• 

  

  /10

  $85,000

  • 3 Beds
  • 2.5 Baths
  • 1,567 Sq Ft

  5997 Lofty Oak Rd Unit 59, Memphis, TN 38115

  Available for owner occupants! Good looking 3 bedroom, 2 1/2 bath condo; move in condition! Great location! AWESOME PRICE!

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  5997 Lofty Oak Rd Unit 59, Memphis, TN 38115
• 

  /2

  $32,500

  $7K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,056 Sq Ft

  3756 Cambridge Station Dr, Memphis, TN 38115

  Sold AS-IS; tenant-occupied—do not disturb; investor’s dream; may be purchased as a package with 3803 S Mendenhall Rd and 3218 Thirteen Colony Mall, Unit 4B, for $99,500 total; showings after accepted offer; proof of funds required; seller prefers cash or strong terms.

  Sasmita Kar Keller Williams

  3756 Cambridge Station Dr, Memphis, TN 38115
• 

  

  /26

  $39,990

  $7K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 960 Sq Ft

  5273 Flowering Peach Dr Unit 5273, Memphis, TN 38115

  PRICED TO SELL. Motivated seller. Not a distressed sale. Income producing property rented at $795 with a strong security deposit. Low Maintenance unit, tenant owns appliances and responsible for up keeping them. Agent bring your buyers to this 2bedrooms 2bathrooms property. New kitchen sink plumbing installed 2025, new smoke detector with 10 years lithium battery 2025, window air conditioners and

  Steven Koleno Beycome Brokerage Realty LLC

  5273 Flowering Peach Dr Unit 5273, Memphis, TN 38115
• 

  

  /12

  $159,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,337 Sq Ft

  3868 Jasmine Dr, Memphis, TN 38115

  Newly Renovated & Move-In Ready! Don’t miss this excellent opportunity to own a beautifully renovated property, perfect for both owner-occupants and investors alike. This home has been thoughtfully updated and is truly move-in ready, with no major work needed. All major capital improvements were completed in 2022, including a brand-new Roof, HVAC System (AC & Furnace), and Hot Water Heater,

  Alex Evans Reedy & Company, REALTORS

  3868 Jasmine Dr, Memphis, TN 38115

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