Homes in 38127 under $200,000

• 

  

  

  /35

  $109,900

  • 3 Beds
  • 1.5 Baths
  • 14,094 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.

  Tiffany Jones Trelora Realty

  2518 Corning Ave, Memphis, TN 38127
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• 

  

  

  /12

  $124,900

  • 3 Beds
  • 1.5 Baths
  • 1,364 Sq Ft

  3641 Gillie St, Memphis, TN 38127

  Do not miss this wonderful opportunity in Berclair! This property has a fresh rehab and would be suitable for an owner occupant or an investor. The property is centrally located near tons of jobs and commerce and you can be anywhere in the city in 15 min. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3641 Gillie St, Memphis, TN 38127
• 

  

  

  /12

  $104,900

  • 3 Beds
  • 1 Bath
  • 952 Sq Ft

  3278 N Watkins St, Memphis, TN 38127

  This property would be great for an owner-occupant or an investor in the area. Freshly rehabbed and ready for a move-in! This property is near jobs, commerce and shopping and easy access to Highway 240. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3278 N Watkins St, Memphis, TN 38127
• 

  

  

  /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
• 

  

  

  /13

  $139,000

  • 3 Beds
  • 2 Baths
  • 1,858 Sq Ft

  1908 Macaulay Ave, Memphis, TN 38127

  3BR 2Bath1858 Sq Ft, well maintained home. Has a large yard, in a great neighborhood next to Georgian Park! Currently rented $1,200 per month, with lease expiring November 2026. DO NOT DISTURB TENANT!

  Brett Bernard The Stamps Real Estate Company

  1908 Macaulay Ave, Memphis, TN 38127
• 

  

  /18

  $128,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  5163 Broken Oak Dr, Memphis, TN 38127

  Move in ready! Freshly painted inside and out. Whether you want an investment property or you want a home for first time buyers or others, come and check this one out. You will see 3 photos with furniture and more that are virtually staged. This home qualifies for special 100% financing for owner occupant buyers so call Saprina Bowman to get details and if you need someone to show it to you.

  Saprina Bowman Crye-Leike, Inc., REALTORS

  5163 Broken Oak Dr, Memphis, TN 38127
• 

  

  /23

  $140,000

  • 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
• 

  

  /11

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,547 Sq Ft

  1871 Thrift Ave, Memphis, TN 38127

  Welcome to 1871 Thrift Ave, a charming single-story home full of potential and character. This 3-bedroom, 1-bath. Inside, you’ll find generously sized rooms, including comfortable bedrooms and a dining area, perfect for gatherings and everyday living. New plumbing, New roof, and New electric. The owner is offering a unique investment opportunity with the option to purchase this home as part of a

  Candice Hardaway Keller Williams

  1871 Thrift Ave, Memphis, TN 38127
• 

  

  /16

  $145,000

  • 4 Beds
  • 1 Bath
  • 1,100 Sq Ft

  4362 Suncrest Dr, Memphis, TN 38127

  This is a turnkey property ready for an owner/occupant or a landlord. Newly renovated completed in 2026. All new roof, HVAC, mechanicals, appliances, electrical, plumbing, sheetrock and paint.

  Geoffrey Diaz 901, REALTORS

  4362 Suncrest Dr, Memphis, TN 38127
• 

  

  /20

  $169,500

  • 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,

  Rochele Minerd Mainstay Brokerage, LLC

  3277 Ashland St, Memphis, TN 38127
• 

  

  /11

  $149,900

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

  3844 Ajanders Dr, Memphis, TN 38127

  **********Tenant occupied – please do not disturb tenant. No showings without an accepted offer. ************ 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

  Ben Strauch Skyline Realty

  3844 Ajanders Dr, Memphis, TN 38127
• 

  

  /25

  $156,000

  • 4 Beds
  • 2 Baths
  • 1,269 Sq Ft

  4589 Range Line Rd, Memphis, TN 38127

  Charming 4-Bedroom, 2-Bath Home – Perfect for Living or Investing Welcome to this well-maintained 4-bedroom, 2-bathroom home offering 1,269 sq ft of comfortable living space. Whether you’re searching for the perfect primary residence or a smart investment property, this home checks all the boxes. Step inside to find a bright and inviting layout designed for easy living. The home’s low-maintenance

  Princess Parker Crye-Leike, Inc., REALTORS

  4589 Range Line Rd, Memphis, TN 38127
• 

  

  /10

  $140,000

  • 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
• 

  

  /34

  $104,900

  • 2 Beds
  • 2 Baths
  • 1,438 Sq Ft

  3230 Riney St, Memphis, TN 38127

  Classic Brick Charm in Frayser! This solid 4-sided brick ranch features durable vinyl accents and sits on a generous 0.23-acre lot. Inside, you’ll find beautiful hardwood flooring flowing through the main living areas and both 2 bedrooms. The primary suite offers a private retreat with its own 1 full bathroom, totaling 2 bathrooms in the home. The kitchen is equipped with practical vinyl

  Tiffany Jones Trelora Realty

  3230 Riney St, Memphis, TN 38127
• 

  

  /6

  $174,900

  • 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
• 

  

  /19

  $139,900

  • 4 Beds
  • 2.5 Baths
  • 1,526 Sq Ft

  3560 Steele St, Memphis, TN 38127

  4-bedroom 2.5 bath home. Has a section 8 tenant paying $1500.00 a month property is being sold as is where is. do not disturb tenant. Will be allowed to view home once an offer is accepted. Great investor opportunity.

  Fred Sengstacke KAIZEN Realty, LLC

  3560 Steele St, Memphis, TN 38127
• 

  

  /21

  $135,000

  • 4 Beds
  • 2 Baths
  • 1,634 Sq Ft

  3793 Helen Ann Dr, Memphis, TN 38127

  INVESTERS ONLY!! Fully tenant occupied BRICK duplex, total rent is $1,250. This could be a great addition to your rental portfolio. No sign in the yard. Please do not disturb or approach the tenant. ONLINE VIDEO AVAILABLE UPON REQUEST. Leases and ledgers available upon request. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3793 Helen Ann Dr, Memphis, TN 38127
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  /32

  $104,900

  • 3 Beds
  • 1.5 Baths
  • 1,220 Sq Ft

  5320 Plover Dr, Memphis, TN 38127

  Welcome to 5320 Plover Dr in Memphis! This charming one-story brick single-family home offers wonderful curb appeal and a 1-car carport, all set on a beautiful lot with a wood privacy-fenced backyard. The yard provides plenty of space for gardening, entertaining, or even adding a swing set, and the front is ready for your favorite landscaping to enhance the home’s charm even more. Inside, the

  Tiffany Jones Trelora Realty

  5320 Plover Dr, Memphis, TN 38127
• 

  

  /4

  $115,000

  • 3 Beds
  • 2 Baths
  • 1,031 Sq Ft

  4001 Point Church Rd, Memphis, TN 38127

  Amazing opportunity to buy a 3 bedroom 2 full bath property near Amazon & Nike Distribution centers. Property has vinyl siding on the exterior. Currently tenant occupied and income producing, $925 monthly rent, Section 8 tenant, Month to Month. Do not disturb Tenant. Make offers contingent on inspections. No showings until contract is in place. No seller financing available, no wholesalers.

  LaJuana Miller KAIZEN Realty, LLC

  4001 Point Church Rd, Memphis, TN 38127
• 

  

  /16

  $115,000

  • 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
• 

  

  /19

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,176 Sq Ft

  2593 Durham Ave, Memphis, TN 38127

  New Listing in Frayser – Move-In Ready! Great opportunity for both investors and owner-occupants! This 3 bedroom, 2 bath home sits on a nice quiet street in Frayser and offers comfortable living with practical updates. The home features central heat and air, a brand new water heater, fresh interior paint, and newly refreshed landscaping that adds great curb appeal. Enjoy the fenced-in yard,

  Caleb Parr Renshaw Company, REALTORS

  2593 Durham Ave, Memphis, TN 38127
• 

  

  /10

  $156,500

  • 3 Beds
  • 2 Baths
  • 946 Sq Ft

  3429 Denver St, Memphis, TN 38127

  *INVESTOR ALERT* Cash flowing at $1,250/mo! Lease ends 1/2027 with a more than 9.5% Cap Rate! Full rehab completed less than a year ago; 3 bed 2 bath. A beautifully renovated 3-bed, 2-bath; nestled in the heart of Frayser’s charming Minor Terrace subdivision. Step inside to discover a modern kitchen outfitted with sleek cabinetry and contemporary finishes, complemented by stylish bathrooms and a

  Marcus Boles Epique Realty

  3429 Denver St, Memphis, TN 38127
• 

  

  /33

  $114,900

  • 4 Beds
  • 2 Baths
  • 1,106 Sq Ft

  837 Pitney Ln, Memphis, TN 38127

  Welcome to this classic 4-bedroom, 2-bathroom brick ranch in the established Northaven community. This 1,106 sq. ft. home features a functional layout with beautiful hardwoods throughout the main living areas and bedrooms. The heart of the home is an open kitchen and dining combination that includes convenient laundry hookups. The primary suite serves as a private retreat, offering a full

  Tiffany Jones Trelora Realty

  837 Pitney Ln, Memphis, TN 38127
• 

  

  /15

  $139,000

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3491 Hallbrook St, Memphis, TN 38127

  Beautiful home for first time home buyer owner still putting some small finishing touches on the exterior. More pictures to come. New windows. interior doors, new flooring, updated bathroom, updated kitchen, new patio, there will be a new gate and fence installed, freshly painted interior and exterior. very large backyard great for family gatherings.

  Michelle Batts KAIZEN Realty, LLC

  3491 Hallbrook St, Memphis, TN 38127
• 

  

  /20

  $135,000

  • 3 Beds
  • 2 Baths
  • 851 Sq Ft

  2177 Leyton Ave, Memphis, TN 38127

  Welcome to this charming, renovated single-family home, perfect for comfortable living, with 3 bedrooms and 2 updated bathrooms. Among the many updates, the home includes new kitchen cabinets, a dishwasher, and a microwave. The modern bathrooms are a highlight, and the living room boasts an accent wall with a cozy electric fireplace, adding both style and warmth. The freshly polished hardwood

  Africa McCloy Crye-Leike, Inc., REALTORS

  2177 Leyton Ave, Memphis, TN 38127
• 

  

  /11

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,096 Sq Ft

  2729 Woodlawn Terrace, Memphis, TN 38127

  Beautiful 3-bedroom, 2-bath home offers modern living with classic charm. Enjoy a spacious open layout featuring wood flooring, fresh paint throughout, and stylish new light fixtures. The kitchen is updated with new countertops, cabinets, and stainless steel appliances, perfect for cooking and entertaining. Both bathrooms have been completely renovated with contemporary tile, vanities, and

  Fred Sengstacke KAIZEN Realty, LLC

  2729 Woodlawn Terrace, Memphis, TN 38127
• 

  

  /24

  $124,500

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  1414 Greendale Ave, Memphis, TN 38127

  JUST LIKE NEW! This property is renovated and ready to go! Perfect for Investor or First Time Buyer! What's not to love about this traditional brick home with all new flooring and tile, new kitchen cabinets, counter tops, freshly painted inside and out, new light fixtures, new bath vanity, and more! As an added bonus, this property includes all appliances including stove, microwave, dishwasher,

  Verna Littleton Fast Track Realty, LLC

  1414 Greendale Ave, 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
• 

  

  /3

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,562 Sq Ft

  3956 Argonne St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,280/month. The lease ends on 05/31/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3956 Argonne St, Memphis, TN 38127
• 

  

  /17

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,080 Sq Ft

  3286 Amselle Cir, Memphis, TN 38127

  This three bedroom one bath home offers lots of updates, an open kitchen and dining layout, and a location close to everyday conveniences! The renovated interior features updated finishes that give the home a clean, refreshed feel while still remaining affordable. The property includes a newer roof and appliances that are only 2 years old, providing added value and peace of mind. The kitchen

  Elisha Fritz The Home Partners Realty

  3286 Amselle Cir, Memphis, TN 38127
• 

  

  /15

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,294 Sq Ft

  777 Archie Dr, Memphis, TN 38127

  Roof 2021, ac & heat 2001. Move-in ready.

  Catherine Horton Crye-Leike, Inc., REALTORS

  777 Archie Dr, Memphis, TN 38127
• 

  

  /10

  $105,000

  • 3 Beds
  • 1 Bath
  • 946 Sq Ft

  3342 Ashland St, Memphis, TN 38127

  Welcome to 3342 Ashland Street, Memphis, TN 38127! This cozy 3-bedroom, 1-bathroom home features hard-surface flooring throughout, a bright and spacious living area, and a modern kitchen with large shaker cabinets and space for appliances. Enjoy the convenience of a covered carport and a large fenced backyard, perfect for outdoor living. Don’t miss out! TENANTED PROPERTY: DO NOT APPROACH OR

  James Wachob Foundation Property Management

  3342 Ashland St, Memphis, TN 38127
• 

  

  /13

  $133,000

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

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming 3-bedroom, 2-bath home situated in an established neighborhood known for its friendly community. Ideal for first-time buyers or those looking to downsize, with space to grow. Major improvements include an 8-year-old roof, interior A/C unit less than 5 years old, and a hot water heater only 11⁄2 years old. The primary and secondary bathrooms have been updated with new tile. Refrigerator,

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
• 

  

  /10

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,104 Sq Ft

  3189 W Shirley Cir, Memphis, TN 38127

  More Than Meets the Eye! 3BR/2BA Brick Home on a Huge .61 Acre Lot Looking for a solid home with more space than the average find? Check out this one. Home has been updated to include two full bathrooms and some surprising storage! Highlights: Bonus Storage: Primary bedroom is a standard, comfortable size, but it comes with a big perk—two large walk-in closets. No more fighting over hanger space!

  Phyllis Law 2 Rivers Realty, LLC

  3189 W Shirley Cir, Memphis, TN 38127
• 

  

  /5

  $134,900

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

  2505 Durham Ave, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,259/month. The lease ends on 1/31/27. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2505 Durham Ave, Memphis, TN 38127
• 

  

  /26

  $145,000

  • 4 Beds
  • 2 Baths
  • 2,746 Sq Ft

  1429 Greendale Ave, Memphis, TN 38127

  SPACIOUS!! Bring your buyers to see this 4BR, 2BA home. Beautiful brick exterior with large covered front porch. Large rooms, Living/Dining combo, large eat-in kitchen and Bonus TV Room. All on one floor...carpet thru-out! Perfect home for entertaining.Being sold as is.

  John Payne BEST Real Estate Company

  1429 Greendale Ave, Memphis, TN 38127
• 

  

  /14

  $123,000

  • 3 Beds
  • 1 Bath
  • 1,039 Sq Ft

  3531 Randolph St, Memphis, TN 38127

  This is a gorgeous 3-bedroom and 1-bath, fully renovated. Large backyard ideal for family gatherings. Recently updated, freshly painted--Great for first-time home buyer--move-in ready. The new AC will be installed soon.

  Major Smith Deberry-Smith Realty LLC

  3531 Randolph St, Memphis, TN 38127
• 

  

  /12

  $100,000

  • 3 Beds
  • 1 Bath
  • 1,134 Sq Ft

  5378 Beaverton Dr, Memphis, TN 38127

  INVESTERS ONLY!!! Nice 3 bedroom 1 bathroom home currently being rented for $850/mo. Home was substantially rehabbed in 2026 and is in good condition. Brick exterior and roof appears to be in good shape. This property is professionally managed and has NO CITY TAXES. This could be a great addition to your portfolio. No sign in the yard. Please do not disturb or approach the tenant.ONLINE VIDEO

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5378 Beaverton Dr, Memphis, TN 38127
• 

  

  /20

  $118,999

  • 3 Beds
  • 2 Baths
  • 1,439 Sq Ft

  1503 Haywood Ave, Memphis, TN 38127

  Occupied Home Sits on Little Less than a 1/2 Acre, Offers Closed in Exterior Room for Outside Entertaining, with small Fish Pond. Washroom. Recently Renovated Kitchen. Living Room and Oversized Den. Conveniently Located with Easy Access to Millington and Downtown Memphis. No Wholesalers - No Assignment Options. Motivated Seller

  Jason Hunter Hunter Management, LLC

  1503 Haywood Ave, Memphis, TN 38127
• 

  

  /21

  $119,900

  • 3 Beds
  • 1 Bath
  • 994 Sq Ft

  2104 Alta Vista Ave, Memphis, TN 38127

  The property is currently occupied, please do not disturb the tenant. Property underwent an extensive renovation in 2024. New breaker panel (2024), all new windows (2024), new hot water heater (2024), new HVAC (2024) and updated kitchen and bathroom.

  Lauren McNary Marathon REALTORS, LLC

  2104 Alta Vista Ave, Memphis, TN 38127

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