Homes in 38127 under $200,000

• 

  

  

  /11

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  3286 Amselle Cir, Memphis, TN 38127

  This beautifully renovated home checks all the boxes for investors and residents alike. This property easily meets the coveted 1% rule, with tenants currently paying $1,400/month and the home listed at just $140,000. Inside, you’ll find tasteful updates throughout, including a modernized kitchen and a refreshed bathroom that add both style and functionality. Set on a quiet street, this home

  Stephanie Taylor Sowell, Realtors

  3286 Amselle Cir, Memphis, TN 38127
• 

  

  

  /5

  $118,500

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

  3382 Frayser School Dr, Memphis, TN 38127

  Solid 3-bedroom, 1.5-bath brick ranch built in 1957 with approximately 1,600 sq ft, featuring hardwood, tile and carpet floors, a carport, and a generous 0.38-acre lot in the vibrant Frayser neighborhood. TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Leased through 1/31/2026 at $1,125/month.

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
• 

  

  

  /25

  $200,000

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

  2301 Rosehaven Ave, Memphis, TN 38127

  This Lovely home is Back on the Market. Financing fell through for the buyers opening your opportunity to own this Beautifully totally renovated 3 bedroom 2 full bath in a Mature 38127 Neighborhood. Home as been renovated From roof to floor waiting for you to call it home. Newly painted with hardwood and tile on the floors. Give me a call today for a tour. A virtual tour is available upon

  Rodney Porter Assured Real Estate Services

  2301 Rosehaven Ave, Memphis, TN 38127
• 

  

  

  /5

  $100,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  2220 Hillside Ave, Memphis, TN 38127

  Updated 3BR/1BA Investment Gem in Frayser! Quiet street, solid cash flow, and major upgrades: electrical, plumbing, HVAC, roof, and driveway. Features tile shower, spacious bedrooms, and central heat/air. Lot spans 0.36 acres with driveway pad. Ideal for investors or first-time buyers. Part of a 4-property package deal: • 1660 S Wellington St – $79,000 • 1823 Cedarhurst Ave – $83,000 • 2607

  Curtis Bleeker KAIZEN Realty, LLC

  2220 Hillside Ave, Memphis, TN 38127
• 

  

  

  /8

  $109,900

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

  5072 Blacksmith Dr, Memphis, TN 38127

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  5072 Blacksmith Dr, Memphis, TN 38127
• 

  

  /27

  $135,000

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

  2384 Saint Elmo Ave, Memphis, TN 38127

  Look HERE!! This fully renovated 3bed/ 1.5 Bathroom home is waiting for you! Perfect for a Starter home, downsizing, or looking to ADD to that Rental Portfolio? Complete with Dining Room and Laundry Space set off the Kitchen. NEW HVAC, FLOORING, electrical, lighting fixtures, just to name a few of these Upgrades! Check out how much space there is in that fenced-in back yard... and so close

  Jennifer Clark KAIZEN Realty, LLC

  2384 Saint Elmo Ave, Memphis, TN 38127
• 

  

  /19

  $114,900

  • 3 Beds
  • 1.5 Baths
  • 1,800+ Sq Ft

  2303 Saint Elmo Ave, Memphis, TN 38127

  What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be

  Dean Harris CrestCore Realty MphsBrokerage

  2303 Saint Elmo Ave, Memphis, TN 38127
• 

  

  /13

  $109,900

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  2144 Saint Elmo Ave, Memphis, TN 38127

  What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be

  Dean Harris CrestCore Realty MphsBrokerage

  2144 Saint Elmo Ave, Memphis, TN 38127
• 

  

  /25

  $174,000

  • 4 Beds
  • 2 Baths
  • 1,200+ 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

  Princess Parker Crye-Leike, Inc., REALTORS

  4589 Range Line Rd, Memphis, TN 38127
• 

  

  /12

  $115,000

  • 4 Beds
  • 1.5 Baths
  • 1,600+ Sq Ft

  3909 Ridgedale St, Memphis, TN 38127

  ***Price Improvement*** Welcome to this charming four-bedroom, one and a half bath brick home. Features a formal living/dining room combo with original hardwood flooring that spans 3 of the bedrooms. The hall bath has been completely renovated. This beautiful brick home has new exterior and interior paint with newly installed blinds throughout. Spacious den ideal for relaxation and entertaining.

  Wonda McGowan McGowan Homes & R/E Services

  3909 Ridgedale St, Memphis, TN 38127
• 

  

  /17

  $140,000

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

  1740 Carlyle Ave, Memphis, TN 38127

  ? Welcome to 1740 Carlyle Avenue! ? **UPDATES**Fully Renovated!! NEW windows, roof, HVAC, cabinets & countertops, refrigerator, microwave, stove, closet doors!!! NEW fence and exterior paint.** This 3 bedroom, 2 bath stunner has been fully renovated and is showing off its open floor plan with pride. Step inside to find fresh, clean finishes that make the whole place feel like it belongs in a

  Keri Jayroe Epique Realty

  1740 Carlyle Ave, Memphis, TN 38127
• 

  

  /32

  $155,500

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

  1343 Dove St, Memphis, TN 38127

  This is a great investment to add to your portfolio. Home has been professionally renovated to like new condition. Tenant paying $1450 per month on an annual lease, professionally managed. Tenant is great! Pays all utilities and manages the yard. Seller provided 1 year warranty to make ownership easy.

  Alissa Anderson KAIZEN Realty, LLC

  1343 Dove St, Memphis, TN 38127
• 

  

  /9

  $144,900

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

  823 Bitter Creek Cove, Memphis, TN 38127

  Investors only! This property could be a great addition to your investment portfolio. Property is professionally managed. No sign. No wholesalers, no assignments, no creative financing, no owner financing, no blind offers! Cash or conventional offers only! DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

  James Wachob Foundation Property Management

  823 Bitter Creek Cove, Memphis, TN 38127
• 

  

  /15

  $100,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4530 Beacon Hill Dr, Memphis, TN 38127

  Charming 3-bedroom, 1 bathroom home that has been recently completely rehab! This gem features all new roof, windows, and flooring too. All exterior and interior freshly painted. Updated bathroom with contemporary fixtures. All light fixtures have been updated too. A central heat/cooling system is included with the price too. Don't miss out on this beautifully renovated home! Home is part of a 6

  Bernard Evans 4 Success Realty, LLC

  4530 Beacon Hill Dr, Memphis, TN 38127
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  /33

  $132,500

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  3909 Range Line Rd, Memphis, TN 38127

  Nice renovated home in the Brookemeade neighborhood of Frayser. This move-in ready, ranch style home blends modern updates with southern charm. This 3 bed 1 bath home has its own laundry room (which saves space) covered parking, and a huge fenced backyard. Inside there's a cozy living room full of natural light as well as a dining room. Enjoy tile flooring throughout and a bright eat-in kitchen.

  Adrian Henning KAIZEN Realty, LLC

  3909 Range Line Rd, Memphis, TN 38127
• 

  

  /15

  $105,000

  • 4 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  890 Dawn Dr, Memphis, TN 38127

  Wonderful 4 Bedroom, 1 Bath home in great shape. Currently rented @ $1050/month. Market Rent $1350. House was remodeled in 2022, new interior, new bathroom, kitchen, roof, HVAC, Furnace, and hot water heater. Do not disturb tenant, all offer contingent on inspection. No wholesale or owner finance offers will be considered.

  Brett Bernard The Stamps Real Estate Company

  890 Dawn Dr, Memphis, TN 38127
• 

  

  /3

  $110,000

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

  3296 Madewell St, Memphis, TN 38127

  Investment Opportunity – 3 Bed, 2 Bath Tenant-Occupied Property Great opportunity to start or expand your real estate portfolio with this income-producing property! This 3-bedroom, 2-bath home is currently tenant-occupied, offering immediate rental income. Please note: Property is tenant-occupied. No showings will be scheduled without an accepted offer. Don’t miss out on this turnkey

  Tina Andrade Fast Track Realty, LLC

  3296 Madewell St, Memphis, TN 38127
• 

  

  /11

  $140,900

  • 3 Beds
  • 2 Baths
  • 1,000+ 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
• 

  

  /9

  $104,900

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

  3522 Mark Twain St, Memphis, TN 38127

  What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be

  Dean Harris CrestCore Realty MphsBrokerage

  3522 Mark Twain St, Memphis, TN 38127
• 

  

  /13

  $132,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  2310 Theda Ave, Memphis, TN 38127

  Great addition to your investment portfolio. Three bedroom, one bath with an additional room that could potentially be used as a 4th bedroom. Large master suite with walk in closet. Large covered back patio. Covered parking in front. Substantially remodeled since 2023 including bathroom, kitchen cabinets and countertops, interior paint, doors, window latches and drain line. Currently MHA tenant

  William Haynes Crye-Leike, Inc., REALTORS

  2310 Theda Ave, Memphis, TN 38127
• 

  

  /12

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  3551 Millington Rd, Memphis, TN 38127

  Totally renovated!!! Beautiful home with all the trimmings, Hardwood floors, new appliances, beautifully tiled bathroom and kitchen with covered parking. Appliances to include new refrigerator and stove! A must see!!!

  Chauntay Harris Faith First Realty

  3551 Millington Rd, Memphis, TN 38127
• 

  

  /7

  $111,000

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

  5423 Breckenwood Dr, Memphis, TN 38127

  Property is Tenant Occupied. ***DO NOT DISTURB TENANT*** Make all offers contingent upon inspections. Fantastic property to add to your portfolio! Property is income producing. Section 8 tenant, $1250 monthly rent. No wholesalers and no Assignments Buyers will be accepted.

  LaJuana Miller KAIZEN Realty, LLC

  5423 Breckenwood Dr, Memphis, TN 38127
• 

  

  /12

  $112,400

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

  1553 Paullus Ave, Memphis, TN 38127

  Welcome to 1553 Paullus Ave, a cute 3-bedroom, 1.5-bath brick home perfect for a first time homeowner or a great additional to your rental portfolio. Property is being sold "As Is"

  James Wachob Foundation Property Management

  1553 Paullus Ave, Memphis, TN 38127
• 

  

  /11

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  1557 Ontario Ave, Memphis, TN 38127

  Check out this excellent cashflow opportunity in Frayser! Total reno completed in 2019 including detached garage roof, HVAC and updated circuit breaker. Hardwood throughout. Tenant in place at $900/month and would like to stay. Property in good condition! PLEASE DO NOT DISTURB OR APPROACH! NO SHOWINGS PRIOR TO ACCEPTED OFFER! Selling as-is! EMD/Seller to close with Bradsher Alpert Stuart, PLLC.

  Ellecia Hayes Keller Williams

  1557 Ontario Ave, Memphis, TN 38127
• 

  

  /32

  $124,900

  • 5 Beds
  • 18,098 Sq Ft

  3205 E Shirley Cir, Memphis, TN 38127

  Vacant Tri-Plex now available. Both 1br 1ba units are rent ready. The 3br unit needs renovated. Vacant, easy to show! Selling As-Is. No owner/creative financing.

  Caleb Parr Renshaw Company, REALTORS

  3205 E Shirley Cir, Memphis, TN 38127
• 

  

  /22

  $135,500

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  3314 Frayser View Dr, Memphis, TN 38127

  RENTED for $1350 per month! Tenant pays all utilities! Great for cash flow Turn Key Rental Investment Property Owner provides 1 year warranty that covers everything. Something other turn key properties aren't offering. Home has been tastefully and completely remodeled. Will provide great returns for years to come. Add this to your portfolio today!

  Alissa Anderson KAIZEN Realty, LLC

  3314 Frayser View Dr, Memphis, TN 38127
• 

  /2

  $129,900

  • 3 Beds
  • 1 Bath
  • 1,400+ Sq Ft

  2714 Nix Cove, 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 $1,250/month. Currently on month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2714 Nix Cove, Memphis, TN 38127
• 

  

  /15

  $129,900

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

  2011 Lauretta Ave, Memphis, TN 38127

  Turnkey Investment with Instant Cash Flow! Fully renovated and leased with a seasoned tenant in place, this property is professionally managed by a trusted local investment firm. Inside, you’ll find bright, spacious living with hard-surface flooring, an upgraded kitchen, and modernized bathrooms. Professional property management in place. The property is currently leased at $1,195/month through

  James Wachob Foundation Property Management

  2011 Lauretta Ave, Memphis, TN 38127
• 

  

  /7

  $115,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4503 Beacon Hill Dr, Memphis, TN 38127

  Welcome to 4503 Beacon Hill Drive! This tenant-occupied 3-bedroom, 1-bath home features hard surface flooring throughout, a spacious living area, and a modern kitchen with large shaker cabinets. All bedrooms are on one level, with a separate dining area and central heat and air for year-round comfort. Enjoy a large fenced backyard and a driveway pad for off-street parking. Perfect for a first

  James Wachob Foundation Property Management

  4503 Beacon Hill Dr, Memphis, TN 38127
• 

  /2

  $112,900

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

  1975 Wellons 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 $1,100/month. The lease ends on 01/30/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  1975 Wellons Ave, Memphis, TN 38127
• 

  

  /7

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,798 Sq Ft

  2679 Woodlawn Terrace, Memphis, TN 38127

  Price correction! Awesome investment opportunity! This could be an excellent multifamily addition to your portfolio. Seller is open to seller finance with acceptable offer. Tenant occupied and professionally managed DUPLEX! Currently rented for $900/$550. Nice corner lot. Long time tenants. Do not approach or disturb tenants. No showings without an accepted offer. No wholesale or assignment.

  William Haynes Crye-Leike, Inc., REALTORS

  2679 Woodlawn Terrace, Memphis, TN 38127
• 

  

  /12

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  1753 Winston Dr, Memphis, TN 38127

  Great investment opportunity. Tenant occupied, cash flowing and professionally managed rental property available. Currently rented for $975/mo with a $1005 deposit on file. Lease expires 9/30/25. Do not approach or disturb tenant. No showings without an accepted offer. No wholesale, assignment, creative finance or seller finance. Seller also selling: 3110 Aden, 3243 13 Colony #2B, 2705 McMurray,

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1753 Winston Dr, Memphis, TN 38127
• 

  

  /15

  $198,000

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

  4457 Benjestown Rd, Memphis, TN 38127

  Country living, almost 6 acres of fenced and cross fenced. Animals on the property, Nice garden area, great for raising chickens, one paddock for a horse and 2 stalls. Easement driveway to your neighbor. Quiet area that is close to downtown Memphis as well as Millington. The driveway has 2 homes, mobile home and land begins on the left.

  Laurie Scott John Green & Co., REALTORS

  4457 Benjestown Rd, Memphis, TN 38127
• 

  

  /31

  $116,500

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

  3245 Sinclair St, Memphis, TN 38127

  Investment opportunity. Tenant occupied property available for sale. Investors only. Brick home with three bedrooms, one and a half baths and covered parking on a quiet street. Professionally managed, lease and ledger available upon request. Currently rented for $1095/mo. Seller is also has 449 Fernwood, 1675 Haywood, 1247 Vistaview, (can buy these homes in bulk or individually). Property was

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3245 Sinclair St, Memphis, TN 38127
• 

  

  /20

  $116,500

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

  1247 Vistaview Cove, Memphis, TN 38127

  Investment opportunity. Tenant occupied property available for sale. Investors only. Brick home with three bedrooms, one and a half baths and covered parking on a quiet street. Professionally managed, lease and ledger available upon request. Currently rented for $1095/mo. Seller is also has 449 Fernwood, 1675 Haywood & 3245 Sinclair (can buy these houses in bulk or individually). All properties

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1247 Vistaview Cove, Memphis, TN 38127
• 

  

  /18

  $116,500

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

  1675 Haywood Ave, Memphis, TN 38127

  Investment opportunity. Tenant occupied property available for sale. INVESTORS ONLY! Brick home with three bedrooms, one and a half baths and covered parking on a quiet street. Professionally managed, lease and ledger available upon request. Currently rented for $1095/mo. Seller is also has 449 Fernwood, 1247 Vistaview Cove, 3245 Sinclair (can buy these homes individually or in a bulk sale

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1675 Haywood Ave, Memphis, TN 38127
• 

  

  /8

  $127,800

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

  3516 Suzanne Dr, Memphis, TN 38127

  Terrific investment opportunity. Professionally managed and cash flowing property. Deposit is $900. Rent is $1278/mo. Lease is m2m. Professionally managed by Renshaw. Lease and ledger are available upon request. Seller has multiple properties for sale. Can buy individucally or in bulk. All properties are professionally managed. The addresses are 3667 Southland, 1364 Viscoscia, 3263 Sunrise,

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3516 Suzanne Dr, Memphis, TN 38127
• 

  

  /8

  $137,500

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

  1364 Vicoscia Ave, Memphis, TN 38127

  Terrific investment opportunity. Professionally managed and cash flowing property. Deposit is $1000. Rent is $1375/mo. Lease expires 11/30/24 Professionally managed by Renshaw. Lease and ledger are available upon request. Seller has multiple properties for sale. Can buy individucally or in bulk. All properties are professionally managed. The addresses are 3667 Southland, 1364 Viscoscia, 3263

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1364 Vicoscia Ave, Memphis, TN 38127
• 

  

  /4

  $130,000

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

  3263 Sunrise St, Memphis, TN 38127

  Terrific investment opportunity. Professionally managed and cash flowing property. Deposit is $1300. Rent is $1300/mo. Lease is m2m. Professionally managed by Renshaw. Lease and ledger are available upon request. Seller has multiple properties for sale. Can buy individucally or in bulk. All properties are professionally managed. The addresses are 3667 Southland, 1364 Viscoscia, 3263 Sunrise,

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3263 Sunrise St, Memphis, TN 38127
• 

  

  /9

  $114,900

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

  1640 Portland Ave, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/4.1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,150/month. The lease ends on 11/30/2025. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  1640 Portland Ave, Memphis, TN 38127

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