Homes in 38128 under $200,000

• 

  

  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,018 Sq Ft

  4123 Ronnie Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $975 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) 675-6372

  4123 Ronnie Rd, Memphis, TN 38128
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  /14

  $112,500

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  3290 Valley Stream Cove, Memphis, TN 38128

  Turnkey property exceeding the 1% rule! Very solid investment opportunity in 38128! This property features a 3 bed/1 bath with a 1-car garage which is rare for the location and drives tenant demand! Completely renovated in 2024 prior to tenant move-in! TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,150/month & the lease expires 1/1/2027. Section 8 tenant. Copy of

  

  Jordan Ray

  eXp Realty, LLC

  (901) 563-3598

  3290 Valley Stream Cove, Memphis, TN 38128
• 

  

  

  /26

  $155,000

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

  4193 Riche Rd, Memphis, TN 38128

  This inviting 3-bedroom, 1.5-bathroom residence offers comfortable living in a quiet, low-traffic neighborhood. Beautiful hardwood floors flow throughout the home, complementing the spacious living room, formal dining room, and eat-in kitchen. The kitchen and full bathroom have been refreshed with new LVT flooring, cabinets, and countertops for a modern, low-maintenance feel. Enjoy a newer roof

  

  Daniel Johnson

  SimpliHOM

  (901) 668-8460

  4193 Riche Rd, Memphis, TN 38128
• 

  

  

  /6

  $140,000

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  4154 Hobson Rd, Memphis, TN 38128

  Don't miss this FULLY RENOVATED Starter home. Offers 3 BR - 1 BTH, open LR/DR, combination. NEW EVERTHING from TOP to BOTTOM. CALL TODAY!!

  

  Gerald Williams

  KAIZEN Realty, LLC

  (901) 716-9436

  4154 Hobson Rd, Memphis, TN 38128
• 

  

  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 902 Sq Ft

  1946 Tant Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $$750 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 459-2217

  1946 Tant Rd, Memphis, TN 38128
• 

  /2

  $140,000

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,620 Sq Ft

  4401 Guildhall Dr, Memphis, TN 38128

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,465/month & the lease expires 6/30/2026. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N

  

  Jordan Ray

  eXp Realty, LLC

  (901) 621-4169

  4401 Guildhall Dr, Memphis, TN 38128
• 

  /2

  $170,240

  • 3 Beds
  • 1 Bath
  • 1,400 Sq Ft

  1905 Sierra St, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,195 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 599-2981

  1905 Sierra St, Memphis, TN 38128
• 

  /2

  $198,170

  • 4 Beds
  • 2 Baths
  • 1,458 Sq Ft

  2132 Brookline Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,300 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 582-5768

  2132 Brookline Rd, Memphis, TN 38128
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  /24

  $145,000

  • 3 Beds
  • 1.5 Baths
  • 1,053 Sq Ft

  3580 Ramill Rd, Memphis, TN 38128

  Turnkey opportunity at 3580 Ramill Rd—ideal for both investors and owner-occupants. This well-maintained home features a functional layout, solid major systems, and minimal deferred maintenance, making for a low-hassle purchase. Investors will appreciate the strong rental potential and consistent demand in the area, while homebuyers will love the move-in ready condition and comfortable living

  

  Blake Clothier

  Premier Realty Group, LLC

  (901) 657-2137

  3580 Ramill Rd, Memphis, TN 38128
• 

  /2

  $198,170

  • 4 Beds
  • 2 Baths
  • 1,724 Sq Ft

  4120 Hemingway Ave, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1275 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 582-6268

  4120 Hemingway Ave, Memphis, TN 38128
• 

  

  /23

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,205 Sq Ft

  4575 Buffer Dr, Memphis, TN 38128

  Welcome home. This cozy 3 bed, 2 bath home is an awesome investment property The living room features high vaulted ceilings with a fireplace as the center piece, and has access to the covered patio. It features central heating and air, plus ceiling fans in each room, LVP flooring throughout, updated bathrooms, a pantry in the kitchen, a breakfast bar, and a nice sized shed in the fenced in back

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 660-9808

  4575 Buffer Dr, Memphis, TN 38128
• 

  /2

  $171,570

  • 3 Beds
  • 1 Bath
  • 2,000 Sq Ft

  2050 Tant Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 3/31/26. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-4206

  2050 Tant Rd, Memphis, TN 38128
• 

  

  /14

  $175,000

  New Construction $5K PRICE INCREASE

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

  3703 Parfet Cove, Memphis, TN 38128

  MHA RENT $1650-$1750 per month- Great Investment!- Brand new 4BR 2Bath with Carport- Maintenance free siding- LVT floors- Full 1 Year Builder Warranty. House currently under construction, to be completed in 90 days. Photos are of finished home- same building and floor plan. Photos to be updated upon completion. Accepting early preconstruction offers. No Wholesalers or owner financed offers.

  Brett Bernard The Stamps Real Estate Company

  3703 Parfet Cove, Memphis, TN 38128
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  /21

  $175,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,684 Sq Ft

  4326 Ann Arbor Ln, Memphis, TN 38128

  Tucked away in a quiet neighborhood, this charming brick home offers 3 bedrooms and 2 full baths with plenty of space to enjoy. The home features a single-car carport and a large backyard complete with an open patio and storage shed—perfect for relaxing or entertaining. Inside, you'll find a welcoming living room and dining room just off the entry. The spacious kitchen offers ample cabinet and

  Adrian Adair-Boyland REMAX Experts

  4326 Ann Arbor Ln, Memphis, TN 38128
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  /20

  $159,000

  $20K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,196 Sq Ft

  3480 Tallyho Rd, Memphis, TN 38128

  Move-In Ready 4 Bedroom, 2 Bath Home Near Nike & Amazon! This solid all-brick home is built for low-maintenance living, featuring LVP flooring throughout and central HVAC for year-round comfort. The layout gives you plenty of room to spread out, and the fenced, oversized backyard is ready for pets, play, or weekend gatherings. Clean, simple, and easy to make your own—just move in and start

  Amber McCloud Fast Track Realty, LLC

  3480 Tallyho Rd, Memphis, TN 38128
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  /3

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,720 Sq Ft

  4395 Ann Arbor Ln, Memphis, TN 38128

  INVESTERS ONLY! Tenant occupied 3 bed 2 bath home. Rent is $1000/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 599 Blackhawk, 4973 Longtree, and 80 E. Bodley (Can

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4395 Ann Arbor Ln, Memphis, TN 38128
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  /28

  $157,000

  $10K PRICE DROP

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

  3681 Natalie Dr, Memphis, TN 38128

  Welcome home to 3681 Natalie Dr! This charming 3-bedroom, 2-bath home features a bright and inviting living area, a spacious kitchen with plenty of storage, and a backyard perfect for gatherings. Conveniently located near shopping, schools and easy access to major highways, this home offers both comfort and convenience. This beautiful home is available exclusively to low-to-moderate income

  Nyssa Kizer Regency Realty, LLC

  3681 Natalie Dr, Memphis, TN 38128
• 

  

  /15

  $142,499

  • 3 Beds
  • 2 Baths
  • 1,142 Sq Ft

  4378 Sherrycrest Cove, Memphis, TN 38128

  NEW ROOF INSTALLED 5-5-2026. OWNER FINANCING AVAILABLE - CALL AGENT FOR MORE INFORMATION. Welcome to 4387 Sherry crest – a charming, move-in ready home perfect for first-time buyers, families, or investors! This well-maintained property features 3 spacious bedrooms and 2 full bathrooms, offering comfort and functionality. Enjoy cooking in the updated kitchen with stylish farm-style countertops,

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  4378 Sherrycrest Cove, Memphis, TN 38128
• 

  

  /31

  $139,900

  • 3 Beds
  • 1 Bath
  • 1,263 Sq Ft

  3346 Covington Pike, Memphis, TN 38128

  Charming 3BR/1.5BA home in Williamsburg Park. Features 1,263 sq. ft. of living space with original hardwoods, formal dining, and an eat-in kitchen. Enjoy a level, wood-fenced backyard with mature trees. Conveniently located near I-40 and local schools. Move-in ready or great investment potential!

  Christopher Stjernholm Trelora Realty

  3346 Covington Pike, Memphis, TN 38128
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  /34

  $144,900

  $10K PRICE DROP

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

  4393 Bishop Hills Dr, Memphis, TN 38128

  Discover this charming 1,232 sq. ft. brick and vinyl ranch located on a spacious 0.231-acre lot in the heart of Raleigh. Designed with practicality and comfort in mind, the home features a seamless open floor plan connecting the living and dining areas, creating an inviting space for gatherings. The kitchen is equipped with a dedicated 6x6 laundry room for added convenience. Retreat to the

  Christopher Stjernholm Trelora Realty

  4393 Bishop Hills Dr, Memphis, TN 38128
• 

  

  /18

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,175 Sq Ft

  4033 Reenie Ave, Memphis, TN 38128

  A charming and well-maintained property with a lot of potential! The granite countertops and tile flooring in the kitchen, along with a renovated bath, adds modern touches. The additional room off the kitchen would make a great family room and the full-sized laundry room are great features for convenience. The brick exterior, landscaped grounds, and massive backyard offer great curb appeal and

  Jay McMiller Bespoke Realty

  4033 Reenie Ave, Memphis, TN 38128
• 

  

  /11

  $146,550

  • 3 Beds
  • 1.5 Baths
  • 1,297 Sq Ft

  4467 Mayo Ave, Memphis, TN 38128

  Charming 3BR/2BA brick home on a spacious 0.38-acre lot in Raleigh. Features include hardwood floors, a formal living room, cozy den, and a functional kitchen/dining layout. Enjoy a 2-car attached garage, central HVAC, and a large backyard with endless potential. A solid, well-kept home in an established neighborhood—perfect for buyers or investors.

  LaTonya Hammond Lawrence Johnson, REALTORS

  4467 Mayo Ave, Memphis, TN 38128
• 

  /2

  $149,900

  • 4 Beds
  • 2 Baths
  • 2,203 Sq Ft

  4060 Tessland Rd, Memphis, TN 38128

  A fantastic opportunity to add an income producing property to your portfolio. Property is leased for $1495/mo until 4/2/27. No showings until accepted offer. DO NOT DISTURB TENANT.

  Farris Ibrahim Renshaw Company, REALTORS

  4060 Tessland Rd, Memphis, TN 38128
• 

  

  /31

  $148,000

  • 3 Beds
  • 1 Bath
  • 990 Sq Ft

  3716 Ridgemont Rd, Memphis, TN 38128

  1% CASH FLOW- ONE YEAR BUILDER WARRANTY. RENTED MHA $1400.00/month- 3 BR 1 Bath home fully renovated in 2025- New roof, exterior paint, new floors, bathrooms and kitchen, LVT and tile flooring, new condenser, new furnace, hot water heater, lighting, and fixtures. Can be sold as a pkg with the following MLS listings: 10212252, 10212253, 10212254, 10212255. Some photos may be staged. No owner

  Brett Bernard The Stamps Real Estate Company

  3716 Ridgemont Rd, Memphis, TN 38128
• 

  

  /35

  $147,900

  $32K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,042 Sq Ft

  3641 Raleigh Millington Rd, Memphis, TN 38128

  Investor special or great opportunity for a buyer ready to renovate! Home offers approx. 2,042 sq ft with a solid layout, including 3 bedrooms and 2 bathrooms. Property does need updates. Prior tenant had pets, and there is a noticeable odor—seller has not remediated, allowing buyer to handle to their preference. Ideal for cash or conventional buyers. Strong rental or resale potential in a

  Gabriell Thomas BHHS McLemore & Co., Realty

  3641 Raleigh Millington Rd, Memphis, TN 38128
• 

  /2

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,159 Sq Ft

  3872 Windermere Rd, Memphis, TN 38128

  Tenant occupied. Do no disturb. Currently rented for $1150 month until February 2027. Can be shown with accepted offer.

  Joshua Hisaw Keller Williams

  3872 Windermere Rd, Memphis, TN 38128
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  /33

  $114,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,941 Sq Ft

  3398 Scenic Hwy, Memphis, TN 38128

  Constructed in 1955, this 1,941 sqft single-story residence features a classic brick veneer exterior situated on a spacious 0.403-acre lot. The interior floor plan includes 3 bedrooms and 2 bathrooms, highlighted by original hardwood flooring throughout. The functional layout offers expansive living spaces and traditional features, providing a blend of mid-century charm and utility. Year-round

  Tiffany Jones Trelora Realty

  3398 Scenic Hwy, Memphis, TN 38128
• 

  

  /17

  $120,000

  • 3 Beds
  • 1.5 Baths
  • 1,357 Sq Ft

  4090 Longhollow Dr, Memphis, TN 38128

  THIS GEM NESTLED IN TWIN LAKES SUBDIVISION IS A GREAT OPPORTUNITY FOR A INVESTOR LOOKING FOR THEIR NEXT FLIP OR A OWNER OCCUPANT SEEKING A DIAMOND TO POLLISH AND CALL IT HOME. AS IS SALE. THIS PROPERTY WILL NOT GO FHA. NO WHOLESALERS, NO CREATIVE FINANCNG, NO BLIND OFFERS, AND NO ASSIGNMENTS. SELLER IS CLOSING WITH HOME SURETY AND THEY WILL HOLD EARNEST MONEY. USE DISCLOSURES INCLUDED. EMAIL

  Fredrick Cunningham Keller Williams

  4090 Longhollow Dr, Memphis, TN 38128
• 

  

  /9

  $129,500

  • 3 Beds
  • 2 Baths
  • 1,088 Sq Ft

  4788 Royal Elm Cove, Memphis, TN 38128

  Charming and move-in ready, 4788 Royal Elm Cv offers low-maintenance living in a convenient Memphis location. Featuring a New roof in 2022 and new paint/LVP in 2026. This cozy 3-bedroom, 2-bath home features an efficient single-level layout with approximately 1,148 square feet of living space, a comfortable living area with fireplace, and a functional kitchen perfect for everyday living. Nestled

  Matt Mitchell Reid, REALTORS

  4788 Royal Elm Cove, Memphis, TN 38128
• 

  /2

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,168 Sq Ft

  4797 Northfield Cir, Memphis, TN 38128

  Terrific investment opportunity! Tenant occupied, currently rented for $1295/mo. Professionally managed. Home has been well maintained with some recent repairs and a good looking roof. Three bedroom, two bathroom with central heat and air and low maintenance vinyl siding. Conveniently located near schools, shopping and John F. Kennedy Park. Multiple properties for sale, can be bought in bulk or

  William Haynes Crye-Leike, Inc., REALTORS

  4797 Northfield Cir, Memphis, TN 38128
• 

  

  /14

  $199,900

  • 4 Beds
  • 2 Baths
  • 1,992 Sq Ft

  3420 Adrick Rd, Memphis, TN 38128

  Great split level with tons of room. 2 car garage. 4 bedrooms. Huge lower level.

  Joe King Marathon REALTORS, LLC

  3420 Adrick Rd, Memphis, TN 38128
• 

  

  /8

  $119,900

  • 4 Beds
  • 2 Baths
  • 1,599 Sq Ft

  4178 Crain Rd, Memphis, TN 38128

  Great opportunity for investors or buyers looking to add value. This split level h home offers solid potential for renovation and future upside. Property is being sold as is. Proof of funds required with all offers.

  Courtney Read Vylla Home

  4178 Crain Rd, Memphis, TN 38128
• 

  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
• 

  

  /21

  $129,900

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  4567 Addington Dr, Memphis, TN 38128

  Beautifully updated 4-bedroom, 2-bath brick home offering the perfect blend of charm and practicality. Renovated approximately 4.5 years ago, this home features major updates already completed, including roof—helping reduce future maintenance concerns. Spacious layout with comfortable living areas, well-appointed kitchen, and functional floor plan ideal for families, guests, or a home office

  Marija Tomic ResiAmerica, Inc.

  4567 Addington Dr, Memphis, TN 38128
• 

  

  /8

  $125,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,591 Sq Ft

  3573 Hanna Dr, Memphis, TN 38128

  Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

  Cassandra Bell-Warren 4 Success Realty, LLC

  3573 Hanna Dr, Memphis, TN 38128
• 

  /2

  $121,000

  $4K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,110 Sq Ft

  4376 Howardcrest Dr, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1200.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed Crye-Leike, Inc., REALTORS

  4376 Howardcrest Dr, Memphis, TN 38128
• 

  

  /17

  $125,000

  • 2 Beds
  • 2 Baths
  • 910 Sq Ft

  3589 Covington Pike Unit 116, Memphis, TN 38128

  Completely updated, new flooring, new paint, new granite countertops, new baths. First floor with incredible view off patio. - must see! Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 2 bedroom 2 bath. Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant,

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 116, Memphis, TN 38128
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  /36

  $120,000

  $49K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,338 Sq Ft

  5013 Scheibler Rd Unit C1, Memphis, TN 38128

  A rare chance to own one of the cottages at Lutheran Village. This condo community is for residents 55 yrs and older. HOA fee includes 6 dinners a month with the option for add on meals, basic cable, 1 cleaning every other week, Shuttle to and from grocery store. Owner's amenities include access to fitness area, beauty shop, and guest room. There is a flex room that could be used as a 3rd bedroom

  Amanda Kirkman KAIZEN Realty, LLC

  5013 Scheibler Rd Unit C1, Memphis, TN 38128
• 

  /2

  $136,000

  $4K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,341 Sq Ft

  4199 Genyth Ave, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1325.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed Crye-Leike, Inc., REALTORS

  4199 Genyth Ave, Memphis, TN 38128
• 

  /2

  $167,500

  $8K PRICE DROP

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

  3421 Adrick Rd, Memphis, TN 38128

  PACKAGE SALE. TWO properties. DRIVE-BY ONLY!!! No sign on properties. TENANT RIGHTS. DO NOT DISTURB TENANTS!!! Package includes 3421 Adrick Cv & 2865 Danville Cv. All properties rented & occupied. Total purchase price is $341,000. Combined monthly rent collected $2400. Text or call listing agent for more details. Properties NOT being sold separately. No showings without an accepted offer.

  Brook Loper 901 Properties

  3421 Adrick Rd, Memphis, TN 38128

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