Homes for Sale in 38127

• 

  

  

  /15

  $110,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,155 Sq Ft

  5096 Belfast Dr, Memphis, TN 38127

  BACK ON THE MARKET AT NO FAULT OF THE SELLER!! SIGNIFICANT PRICE REDUCTION- PRICED FOR A QUICK SALE !!Great-looking rehab - perfect for a first-time buyer (ask about USDA financing) or a smart investment opportunity. The seller has completed major updates, including a brand-new dimensional roof, fresh interior and exterior paint, new A/C condenser and furnace A-coil, updated fans and light

  

  Steve Boysen

  Crye-Leike, Inc., REALTORS

  5096 Belfast Dr, Memphis, TN 38127
• 

  

  

  /7

  $130,000

  $15K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,281 Sq Ft

  2577 Achaean Ave, Memphis, TN 38127

  Wonderful investment property. If you are looking to start a portfolio or experienced investor this is the 3 bed 2 bathroom property for you. Long term tenant in place. NO SHOWING WITHOUT AN ACCEPTED CONTRACT. PROPERTY BEING SOLD AS-IS. No wholesale.

  Kevin Brown eXp Realty, LLC

  2577 Achaean Ave, Memphis, TN 38127
• 

  

  

  /16

  $122,000

  $7K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,339 Sq Ft

  2287 Pamela Dr, Memphis, TN 38127

  Being sold “as-is,” this charming 3-bedroom, 1.5-bath home is tucked away in a quiet court surrounded by other homes being beautifully updated—making it a great opportunity for homeowners and investors alike. Recently renovated, this home features fresh, modern finishes throughout, while still leaving room to make it your own. Don’t miss your chance to own this hidden gem in an up-and-coming

  

  Kyle Couvion

  Reid, REALTORS

  2287 Pamela Dr, Memphis, TN 38127
• 

  

  

  /13

  $80,000

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,600 Sq Ft

  3240 N Watkins St, Memphis, TN 38127

  Great opportunity! This property is currently zoned for commercial use and is ready to operate, but it can be converted to residential use by making interior modifications to meet residential code requirements. This property already features many important updates, including a new roof, HVAC system, water heater, fresh interior and exterior paint, an updated electrical system with new interior

  

  Africa McCloy

  Crye-Leike, Inc., REALTORS

  3240 N Watkins St, Memphis, TN 38127
• 

  

  

  /3

  $109,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 971 Sq Ft

  3302 N Watkins St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1005/month. The lease ends on 4/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3302 N Watkins St, Memphis, TN 38127
• 

  /2

  $10,000

  • Land
  • 7,840 Sq Ft
  • $55,556 per Acre

  0 Clifton Ave, Memphis, TN 38127

  Excellent opportunity for investors or builders to develop on this Memphis lot. Ideal for a new construction rental or resale property, with a convenient location close to everyday amenities and easy access to major highways.

  Crystal Mitchell Renshaw Company, REALTORS

  0 Clifton Ave, Memphis, TN 38127
• 

  

  /32

  $59,900

  $25K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  794 Margie Dr, Memphis, TN 38127

  Charming 3-bedroom, 1-bath ranch in a quiet Memphis neighborhood! This single-story home features a spacious living room, functional kitchen, and an attached carport. Perfect for first-time buyers or investors, the property offers easy access to I-240 and local amenities. Don’t miss this opportunity to own a piece of Shelby County real estate!

  Thee Gaines Trelora Realty

  794 Margie Dr, Memphis, TN 38127
• 

  

  /4

  $97,000

  • 2 Beds
  • 1 Bath
  • 616 Sq Ft

  695 Marsh Ave, Memphis, TN 38127

  Turnkey investment opportunity at 695 Marsh Ave in Memphis. This two bedroom, one bathroom property is tenant occupied with immediate cash flow. Interior has been renovated and interior photos are available upon request. Current rent is $993 per month with a 10% late fee after the 5th. Lease is in place from 01/20/2026 through 01/19/2027 providing stable, predictable income. Tenant is responsible

  Jose Adan Leal Garcia Fast Track Realty, LLC

  695 Marsh Ave, Memphis, TN 38127
• 

  

  /40

  $94,900

  $5K PRICE DROP

  • 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

  $129,900

  $5K PRICE DROP

  • 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
• 

  

  /8

  $65,000

  $24K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  2034 Driftwood Ave, Memphis, TN 38127

  PRICE REDUCED!! Excellent investment opportunity (definitely satisfies the 1% rule for investors!) Tenant occupied property being marketed to investors. This can be a great addition to your rental portfolio. Property is Professionally managed by Reedy and Company. This 2 bed 1bath home is rented at $925/mo. Many homes in this area are being rehabbed and sold for more money. No sign. PLEASE DO NOT

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2034 Driftwood Ave, Memphis, TN 38127
• 

  

  /5

  $99,000

  $6K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,670 Sq Ft

  3382 Frayser School Dr, Memphis, TN 38127

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,165/ month in rental income, with the current lease running through 01/31/2027. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
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  /35

  $94,900

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,409 Sq Ft

  2518 Corning Ave, Memphis, TN 38127

  Charming Single-Story Home in Frayser! This 3-bedroom, 1.5 bath home offers a spacious living area and functional layout all on one level. It also has another room that can be used as a 4th bedroom or study. Enjoy cozy evenings by the fireplace and cook with ease in the well-appointed kitchen. Perfect for families or investors, this property sits in a quiet neighborhood with street parking.

  LaQuita Jordan Trelora Realty

  2518 Corning Ave, Memphis, TN 38127
• 

  

  /19

  $79,900

  $3K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,021 Sq Ft

  2189 Lisa Ave, Memphis, TN 38127

  This 3-bedroom, 1-bath home is a fantastic opportunity in a well-established Memphis neighborhood. Conveniently located this property offers easy access to everything you need. This property is perfect for first-time buyers looking for affordability and opportunity in the Memphis market. Don’t miss your chance to own this promising property!

  Cesar Lara Fast Track Realty, LLC

  2189 Lisa Ave, Memphis, TN 38127
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  /2

  $97,500

  • 3 Beds
  • 1 Bath
  • 1,100 Sq Ft

  3740 Ladue St, Memphis, TN 38127

  Immediate cash flow from this occupied 3-bed, 1-bath rental leased at $975/month to a long-term tenant in place since 2016. Lease runs through April 2026 for stable income and low vacancy risk. Ideal add to a buy-and-hold portfolio. Property sold AS-IS. Please do not disturb the tenant. Inspection can be scheduled once an accepted offer is in place.

  James Johnson Crestcore Realty, LLC

  3740 Ladue St, Memphis, TN 38127
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  /2

  $44,000

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  1211 Canfield Ave, Memphis, TN 38127

  INVESTMENT OPPORTUNITY! This property offers great potential for the investor looking for their next rental, renovation, or resale project. Property is being sold AS IS, with seller making no repairs. Great opportunity to add value and make this one your own! No wholesalers, assignments or creative financing. PROFESSIONALLY MANAGED IN-HOUSE

  James Wachob Foundation Property Management

  1211 Canfield Ave, Memphis, TN 38127
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  /11

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,082 Sq Ft

  2232 Amethyst Cove, Memphis, TN 38127

  Excellent investment opportunity in the desirable Georgian Woods Subdivision! Situated on a premium corner lot in a quiet cove, this property offers strong rental appeal and long-term value. Recently updated in 2025, the home features modern luxury vinyl plank (LVP) flooring, updated countertops, sleek black hardware, and a new water heater, providing a fresh and low-maintenance interior. The

  Trevor Wallace Crye-Leike, Inc., REALTORS

  2232 Amethyst Cove, Memphis, TN 38127
• 

  /2

  $103,750

  • 3 Beds
  • 1 Bath
  • 1,125 Sq Ft

  760 Margie Dr, Memphis, TN 38127

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $950/ month in rental income, with the current lease running through 03/03/2027. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant.

  James Wachob Foundation Property Management

  760 Margie Dr, Memphis, TN 38127
• 

  

  /5

  $10,000

  • Land
  • 9,147 Sq Ft
  • $47,619 per Acre

  0 Glen Rd Unit 10217949, Memphis, TN 38127

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  0 Glen Rd Unit 10217949, Memphis, TN 38127
• 

  

  /5

  $10,000

  • Land
  • 14,810 Sq Ft
  • $29,412 per Acre

  2517 Henderson St, Memphis, TN 38127

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  2517 Henderson St, Memphis, TN 38127
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  /15

  $229,500

  • Land
  • 356 Acres
  • $645 per Acre

  0 Overton Crossing St, Memphis, TN 38127

  Big Oaks Hunting Club has one equity share available for purchase, offering a rare opportunity to own part of a premium, multi-species hunting property just inside the city of Memphis. Big Oaks provides the unique chance to hunt deer, turkey, and ducks all on the same tract, a combination that is hard to find this close to town. The kicker is location: Big Oaks sits only 10 miles from East

  Fargason Erb Burch Realty Group, LLC

  0 Overton Crossing St, Memphis, TN 38127
• 

  

  /23

  $128,000

  $12K PRICE DROP

  • 6 Beds
  • 3 Baths
  • 2,744 Sq Ft

  3273 Steele St, Memphis, TN 38127

  Investor Special, Spacious 6-bedroom, 2-bath home situated on a corner lot. This property is perfect for investors or savvy buyers looking for a fixer-upper with strong upside. This home does need repairs and is being sold As Is, making it an ideal opportunity for those ready to bring their vision to life. There is also a unique opportunity to purchase this home as part of a package deal with two

  Candice Hardaway Keller Williams

  3273 Steele St, Memphis, TN 38127
• 

  

  /20

  $75,000

  $95K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,235 Sq Ft

  3277 Ashland St, Memphis, TN 38127

  Charming one-story home featuring 3 bedrooms and 1 bathroom with a functional and comfortable layout. The living area offers plenty of natural light, creating a warm and inviting space for everyday living. The kitchen provides ample cabinet and counter space, ideal for meal preparation and gatherings. Spacious bedrooms offer flexibility for a variety of needs. Enjoy relaxing on the front porch,

  Vicki Testerman Mainstay Brokerage, LLC

  3277 Ashland St, Memphis, TN 38127
• 

  

  /14

  $144,900

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,296 Sq Ft

  3844 Ajanders Dr, Memphis, TN 38127

  Well-maintained 4-year-old home conveniently located near major employers including Nike and Amazon. This 4-bedroom, 2-bath home features an open-concept living area that flows seamlessly into the kitchen, complete with a center island ideal for meal prep and gathering. The home also offers a spacious laundry room and durable stained concrete flooring throughout, providing both style and

  Ben Strauch Skyline Realty

  3844 Ajanders Dr, Memphis, TN 38127
• 

  

  /15

  $125,000

  $15K PRICE DROP

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

  3832 Lake Park Cove, Memphis, TN 38127

  Your Perfect 4-Bedroom Investment Property Awaits. This spacious, 4-bedroom, 2-bathroom home, built in 2021, is a must-see for investors. Boasting an open floor plan, this home is ready for immediate move-in and easy to lease. Situated in a rapidly growing area, Frayser is undergoing nearly $60 million in new developments, including a brand-new high school that will elevate the neighborhood’s

  Anna Bishop Crye-Leike, Inc., REALTORS

  3832 Lake Park Cove, Memphis, TN 38127
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  /6

  $174,800

  • 2 Beds
  • 1 Bath
  • 1,188 Sq Ft

  2312 Wellons Ave, Memphis, TN 38127

  This beautiful brick 3-bedroom 1 bath Frayser neighborhood home is being offered together with five other income producing single-family homes. This is a pristine opportunity for a new investor to enter into the Rental / Investment real estate space or a "bundle deal" for a seasoned investor - Steady Income and Great Returns! The home is currently vacant and in need of mid-level rehab for no

  Derrick Brown Independence Realty&Investment

  2312 Wellons Ave, Memphis, TN 38127
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  /33

  $74,900

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,235 Sq Ft

  1589 Whitney Ave, Memphis, TN 38127

  Welcome to this solid 3-bedroom, 1.5-bathroom brick ranch located in the 38127 area. Spanning a spacious 0.280-acre lot, this home features a traditional floor plan with a separate living room, a formal dining area, and a functional kitchen with durable vinyl flooring. The main living spaces boast classic hardwoods, while the three comfortable bedrooms are finished with cozy carpeting. The

  LaQuita Jordan Trelora Realty

  1589 Whitney Ave, Memphis, TN 38127
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  /33

  $64,900

  $30K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,050 Sq Ft

  3151 Range Line Rd, Memphis, TN 38127

  Welcome to this charming 3-bedroom, 1-bath home located in an established Memphis neighborhood. The home features a spacious living room area filled with natural light and a functional layout for comfortable everyday living. The full bathroom includes a shower/tub combination for added convenience. Each bedroom offers comfortable space and flexibility to make it your own. A one-car carport

  Thee Gaines Trelora Realty

  3151 Range Line Rd, Memphis, TN 38127
• 

  

  /16

  $115,000

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,016 Sq Ft

  2380 Hillside Ave, Memphis, TN 38127

  Great brick home with a fully fenced large yard, features a 2-car carport with a spacious storage room. Acclaim double hung windows installed in 2025 in bedrooms, half bath and living room, aluminum storm door installed in 2023, and beautiful hardwood floors throughout living room, hallway and primary bedroom and 2nd bedroom. Roof is 6 years old. Refrigerator and stove to remain AS-IS (working

  Ana Ortiz Perales REMAX Experts

  2380 Hillside Ave, Memphis, TN 38127
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  /28

  $143,000

  New Construction

  • 3 Beds
  • 2 Baths
  • 863 Sq Ft

  4431 Ryan St, Memphis, TN 38127

  Affordable living in an established neighborhood. This newly built home offers comfort, style, and value all in one inviting package. Featuring 3 bedrooms and 2 full baths, the layout is perfect for everyday living with room to grow. Enjoy laminate flooring throughout, giving each space a clean and polished look. The modern kitchen includes beautiful granite countertops and large shaker cabinets,

  Tanika Bland BEST Real Estate Company

  4431 Ryan St, Memphis, TN 38127
• 

  

  /14

  $105,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,038 Sq Ft

  3936 Ajanders Dr, Memphis, TN 38127

  Cute 3 Bedroom 1 Bath Brick home with Covered parking ~Big Kitchen ~~Fresh paint, Laminate and tile flooring~~ Large rooms ~~Fenced yard~~Central Heat and Air

  Scott Housewirth Crye-Leike Inc., REALTORS

  3936 Ajanders Dr, Memphis, TN 38127
• 

  /2

  $94,000

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,430 Sq Ft

  3674 Mountain Terrace St, Memphis, TN 38127

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is currently rented for $1050/mo with a market rent of $1200/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

  William Haynes Crye-Leike, Inc., REALTORS

  3674 Mountain Terrace St, Memphis, TN 38127
• 

  /2

  $103,900

  $1K PRICE DROP

  • 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. 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

  1946 Willow Wood Ave, Memphis, TN 38127
• 

  

  /15

  $97,500

  $32K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3491 Hallbrook St, Memphis, TN 38127

  Beautiful home for first time home buyers. New windows, interior doors, new tile flooring, some hardwood floors, updated bathroom, updated kitchen, new patio, freshly painted interior and exterior. very large backyard great for family gatherings.

  Michelle Batts KAIZEN Realty, LLC

  3491 Hallbrook St, Memphis, TN 38127
• 

  

  /11

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,482 Sq Ft

  3294 Lockmeade Dr, Memphis, TN 38127

  Renovated, New windows, Roof, and Paint. Property is currently being rented. Owner is selling As-Is, No Owner Financing.

  Ruby Cardenas Keller Williams

  3294 Lockmeade Dr, Memphis, TN 38127
• 

  /2

  $64,900

  $24K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,296 Sq Ft

  5260 Cedar Bluff Dr, Memphis, TN 38127

  currently tenant-occupied, with tenants paying $600 per month on a month-to-month basis.Please do not disturb the tenants.No interior showings will be allowed until an offer has been accepted.

  Fred Sengstacke KAIZEN Realty, LLC

  5260 Cedar Bluff Dr, Memphis, TN 38127
• 

  /2

  $65,900

  $19K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 991 Sq Ft

  5192 Braden Dr, Memphis, TN 38127

  currently tenant-occupied, with tenants paying $600 per month on a month-to-month basis.Please do not disturb the tenants.No interior showings will be allowed until an offer has been accepted.

  Fred Sengstacke KAIZEN Realty, LLC

  5192 Braden Dr, Memphis, TN 38127
• 

  

  /8

  $145,000

  New Construction $2K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,125 Sq Ft

  4406 Ryan St, Memphis, TN 38127

  Brand new construction with full 1 Year Builder Warranty- 3br/2Bath- Home will be completed within 45 days- Home features granite throughout- modern fixtures, lighting, and finishes. Photos are of a model home and will be updated upon completion. Great for first-time home buyers or investors looking for new construction cash flowing properties. Market rent $1450. Please contact Brett or Marissa

  Brett Bernard The Stamps Real Estate Company

  4406 Ryan St, Memphis, TN 38127
• 

  

  /14

  $130,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  3736 W Donna Dr, Memphis, TN 37127

  Welcome home to this charming four bedroom two bath home with a unique floor plan and huge fenced in back yard for entertaining. Primary bedroom with a private bath, one bath in hallway. Home has been renovated and has a section 8 tenant. Income producing!!

  

  Leaser Coleman

  Empire Realty, LLC

  3736 W Donna Dr, Memphis, TN 37127
• 

  

  /10

  $105,000

  • 3 Beds
  • 2 Baths
  • 1,340 Sq Ft

  2888 Mercer Dr, Memphis, TN 38127

  Property is being sold in an as is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification

  JERRY EMERSON KING Williams & Williams Real Estate Auctions

  2888 Mercer Dr, Memphis, TN 38127

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