33

Raleigh Homes under $200,000

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  • /2

    $169,100

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

    4301 Riche Rd, Memphis, TN 38128

    Investor Alert: This 3 bed / 2 bath home in the Riche Hills subdivision is part of a larger portfolio of 25 properties offered in the Memphis area. Currently rented with long term tenant. New 30 year roof installed in 2024. Seller will sell properties as a package or in various smaller packages.

    Agent Photo

    Daniel Johnson

    Keller Williams

    (901) 403-6460

    4301 Riche Rd, Memphis, TN 38128
  • /2

    $156,800

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

    4193 Riche Rd, Memphis, TN 38128

    Investor Alert: This 3 bed / 1 bath home in the Riche Hills subdivision is part of a larger portfolio of 25 properties offered in the Memphis area. Currently rented with long term tenant. New 30 year roof installed in 2024. Seller will sell properties as a package or in various smaller packages.

    Agent Photo

    Daniel Johnson

    Keller Williams

    (901) 403-6268

    4193 Riche Rd, Memphis, TN 38128
  • /21

    $154,000

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

    3090 Earnett St, Memphis, TN 38128

    Welcome to this charming 4-bedroom, 2-bath home offering 1,765 sq. ft. of living space! Built in 1960, this brick veneer residence features a flexible 1.5-story layout with 7 rooms to fit your lifestyle. Enjoy year-round comfort with central heating and air. A perfect opportunity to make it your own while enjoying timeless character in a great location! Property Sold as is

    Jeanette Lin Pinnacle Realty

    3090 Earnett St, Memphis, TN 38128
  • /28

    $167,000

    • 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.

    Nyssa Kizer Regency Realty, LLC

    3681 Natalie Dr, Memphis, TN 38128
  • /18

    $164,900

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

    3924 Winwood Dr, Memphis, TN 38128

    DO NOT DISTURB TENANTS! Tenant-Occupied. Inspection with accepted Contract. Great investment opportunity. Other properties in portfolio:4714 Leonard, 2822 Brewer, 2982 Southwall, 3924 Winwood.

    Austin Rowe Onward Real Estate

    3924 Winwood Dr, Memphis, TN 38128
  • /14

    $154,900

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

    4100 Hitchcock Dr, Memphis, TN 38128

    Step into a beautiful renewed home that is ready for your next chapter. Nestled on a quiet, established street, this three-bedroom, two-bath home welcomes you with freshly painted walls that brighten every room. The layout has been smoothed out with fresh new carpet and luxury vinyl flooring throughout. Step outside to discover a generously sized driveway and an attached garage—room enough for

    Joseph Herrera Premier Realty Group, LLC

    4100 Hitchcock Dr, Memphis, TN 38128
  • /22

    $185,000

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

    4831 Yale Rd, Memphis, TN 38128

    Charming 3 Bedroom, 2 Bath Home – Must See! This delightful home features a formal living room, separate great room with cozy fireplace, formal dining room, and a closed-in patio perfect for relaxing or entertaining. The seller is motivated and offering a carpet and master bathroom update allowance with full-priced offer. Refrigerator and oven remain with the home. Don't miss out—call today to

    Chinna Prude-Anderson C21 Patterson & Assoc. Real Es

    4831 Yale Rd, Memphis, TN 38128
  • /15

    $184,900

    • 4 Beds
    • 2 Baths
    • 2,400+ Sq Ft

    3099 Joslyn St, Memphis, TN 38128

    Charming 4-Bedroom, 2-Bath Home with Endless Potential – Prime Location! This spacious 4-bedroom, 2 full bath home is the perfect opportunity for buyers looking to add their personal touch. With a little TLC, this property can truly shine! Located in a highly desirable area, it offers unbeatable convenience to shopping, top-rated schools, medical facilities, and more. Whether you're a first-time

    Jovett Thomas Crye-Leike, Inc., REALTORS

    3099 Joslyn St, Memphis, TN 38128
  • /28

    $179,000

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

    3675 Naylor Dr, Memphis, TN 38128

    Affordable & move in ready, this updated home qualifies for a $10,000 down payment assistance grant, making it an excellent opportunity for first-time homebuyers or investors. The property features brand-new flooring, fresh interior paint, updated kitchen cabinets, & impressive tile work. A new HVAC system ensures year-round comfort, while the large, fully fenced backyard provides ample space

    Jan Jones Groome & Co.

    3675 Naylor Dr, Memphis, TN 38128
  • /3

    $140,000

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

    4675 Raleigh Lagrange Rd, Memphis, TN 38128

    CALLING ALL INVESTORS! Cash flowing 4 bed 1 bath in a great location. Currently tenant occupied on a month-to-month lease at $1395/month. Do not miss out on this immediate cash flowing opportunity!

    Marissa Miller The Stamps Real Estate Company

    4675 Raleigh Lagrange Rd, Memphis, TN 38128
  • /16

    $138,000

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

    4188 Time St, Memphis, TN 38128

    Come add your personal touch to this super cute, well-maintained home! Offering 3 bedrooms & 1 full bath nestled on a great sized lot! This home features a separate living room, nice size kitchen with large eat-in area, and a separate laundry area. All appliances will stay!! French Doors in the breakfast area open to a small patio accompanied by a private, fenced backyard, fit for hosting some

    Terryn Offiong TOP Realtors & Associates LLC

    4188 Time St, Memphis, TN 38128
  • /16

    $129,900

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

    3989 Martindale Ave, Memphis, TN 38128

    Priced to Sell. Newly Painted 3-bedroom 2 Full bath Single Story House in Raleigh. New Roof, New HVAC, New Plumbing and Nice updated eat-in kitchen. Large Fence in Backyard. Call listing agent for showing appointment.

    Ahmed Feroze The Stamps Real Estate Company

    3989 Martindale Ave, Memphis, TN 38128
  • /14

    $129,900

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

    4040 Windermere Rd, Memphis, TN 38128

    Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

    Mark Hart Reedy & Company, REALTORS

    4040 Windermere Rd, Memphis, TN 38128
  • /22

    $104,900

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

    3762 Berry Ln, Memphis, TN 38128

    Excellent starter home, or investment opportunity in Raleigh! Very quiet area across from a church. 3br 1ba, on over an acre lot! Vacant, easy to show! Home qualifies for 901 Home Loans program. Up to 97% financing with 6% fixed interest rate! Min credit score of 600! Feel free to reach out with any questions! No owner/creative financing.

    Caleb Parr Renshaw Company, REALTORS

    3762 Berry Ln, Memphis, TN 38128
  • /38

    $124,900

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

    2795 E Hickory Bluff, Memphis, TN 38128

    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

    2795 E Hickory Bluff, Memphis, TN 38128
  • /22

    $125,000

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

    1751 Fox Hunt Ln Unit 5, Memphis, TN 38134

    SECLUDED AND QUIET CONDOMINIUM COMPLEX CLOSER TO RALIEGH/BARTLETT, LOW HOA FEES! Super affordable! Spacious and sunny, 3 bedroom 2 and 1/2 bath townhouse condo. All appliances stay. Convenient to Summer and Sycamore View area shopping with easy access to I-40 and Southwest Tennessee Community College. New LVP flooring downstairs, all hardwood upstairs.

    Carolyn Hooker Crye-Leike, Inc., REALTORS

    1751 Fox Hunt Ln Unit 5, Memphis, TN 38134
  • /15

    $119,900

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

    3907 Bowmar Cove, Memphis, TN 38128

    Tenant-occupied 3 bed with a charming brick exterior. Inside, your tenant will enjoy low-maintenance plank flooring in kitchen and living areas, tile in the baths and cozy carpet in the bedrooms. The fenced backyard offers space for entertaining friends and family. This property is an excellent addition to any investment portfolio, with a reliable tenant in place; leased through April 2026.

    Camela Henke Enterprise, REALTORS

    3907 Bowmar Cove, Memphis, TN 38128
  • /19

    $180,000

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

    3860 Capricorn Cove, Memphis, TN 38128

    Relax on the Front Porch that stretches across the front of this Lovely renovated 3 Bedroom 2 Bath home! Very open floor plan has a super spacious Great Room. Move-In ready with Gleaming hardwood Floors, Renovated bathrooms, and Fresh Paint. Everything has been done, all you have to do is move in. Or it would make a super investment property. Located on a level, corner lot. Very easy to care

    Pat Goldstein Crye-Leike, Inc., REALTORS

    3860 Capricorn Cove, Memphis, TN 38128
  • /22

    $167,500

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

    2568 Parkview Dr, Memphis, TN 38128

    Welcome to this charming and fully renovated 3-bedroom, 2-bathroom home that effortlessly combines modern elegance with comfortable living. As you step inside, you’ll immediately notice the bright and open floor plan, thoughtfully designed to create a welcoming atmosphere filled with natural light. Every inch of this home has been meticulously updated with high-quality finishes and attention to

    Brooke Boone Harris & Harris Realty Group

    2568 Parkview Dr, Memphis, TN 38128
  • /24

    $164,901

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

    3287 Leschallas Dr, Memphis, TN 38128

    Investor special or sweat equity win! This East Memphis gem isn’t perfect, but it’s got great bones and even better potential. With 3 beds, 2 baths, and a solid layout, it’s the kind of place that just needs some cosmetic love to shine. Whether you’re looking to add to your rental portfolio or flip for profit, this one’s a low-risk, high-upside opportunity. For owner-occupants, it’s a rare chance

    Jeffrey Howard Bluff City Realty Group, LLC

    3287 Leschallas Dr, Memphis, TN 38128
  • /9

    $185,000

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

    3524 James Rd, Memphis, TN 38128

    Large 5 acre residential lot that can be converted to commercial use. Great investment opportunity for development.

    Michael Bryan Bryan Realty Group

    3524 James Rd, Memphis, TN 38128
  • /20

    $185,000

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

    3313 Earl Dr, Memphis, TN 38128

    Great Investment Opportunity in Raleigh! This all-brick, 3-bedroom, 1.5-bath home is a fantastic investment opportunity in a prime location! Situated near shopping centers, grocery stores, and just minutes from Nike and the newly developed Amazon Warehouse—a major addition to the area—this property offers both convenience and potential. Inside, you'll find original hardwood floors in the living

    Lesia Harris REMAX Experts

    3313 Earl Dr, Memphis, TN 38128
  • /2

    $144,900

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

    3955 Stillwood Dr, Memphis, TN 38128

    Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $1,287.50/month. The lease is 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

    3955 Stillwood Dr, Memphis, TN 38128
  • /2

    $129,900

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

    3965 Plymouth Ave, Memphis, TN 38128

    Great turn key rental. New roof 4/2025. Currently rented for $1,295 a month with valid lease until 3/31/26.

    Joe King Marathon REALTORS, LLC

    3965 Plymouth Ave, Memphis, TN 38128
  • /2

    $124,900

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

    3562 Monessen Dr, Memphis, TN 38128

    Great turn key rental. Tenant inn place paying $1,295 a month with valid lease until 11/30/2025

    Joe King Marathon REALTORS, LLC

    3562 Monessen Dr, 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.

    James Wachob Foundation Property Management

    3696 Parfet Cove, Memphis, TN 38128
  • /12

    $192,500

    • 3 Beds
    • 2 Baths
    • 10,018 Sq Ft

    4042 Twin Lakes Dr, Memphis, TN 38128

    Channell Ghant Grande Style Homes

    4042 Twin Lakes Dr, Memphis, TN 38128
  • /2

    $150,000

    • Land
    • 1.26 Acres
    • $119,048 per Acre

    5105 Pleasant View Rd, Memphis, TN 38134

    Terrance Hill eXp Realty, LLC

    5105 Pleasant View Rd, Memphis, TN 38134
  • /15

    $175,000 New Construction

    • 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
  • /15

    $140,000

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

    4564 Stage Rd, Memphis, TN 38128

    Super Cute 2 bedroom 1 Bath Down ~~New Exterior paint and roof~~Detached double carport/garage~~hardwood floors in bedrooms and living room/ dining room combo~~Big eat in kitchen ~ additional sqftg upstairs is finished with 2 more rooms but stairs are very steep ~ No Central heat and air~

    Scott Housewirth Crye-Leike Inc., REALTORS

    4564 Stage Rd, Memphis, TN 38128
  • /15

    $163,000

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

    3751 N Lakewood Dr, Memphis, TN 38128

    Being sold thru auction means. There is a 5% buyer auction premium pursuant to the Auction participation agreement on all accepted offers. Soft Contemporary styling shows off this party inspired home with Massive living spaces, Open floor plan, tiled floors and View from rooms of the pool deck. Kitchen with island~~Luxury Primary Bathroom.. all needs Personal touches and updates~~Inground pool

    Scott Housewirth Crye-Leike Inc., REALTORS

    3751 N Lakewood Dr, Memphis, TN 38128
  • /2

    $141,100

    • 4 Beds
    • 2 Baths
    • 2,000+ Sq Ft

    5509 Rappahannock Dr, Memphis, TN 38134

    Here is an attractive opportunity to buy a four bedroom, two bathroom home on a nice corner lot with curb appeal. Home has plenty of space and potential for a lucrative investment. Needs work. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" sale with no contingencies or inspections. Buyer will be responsible for obtaining possession

    Lori Brown Realhome Services & Solutions

    5509 Rappahannock Dr, Memphis, TN 38134
  • /2

    $127,116

    • 3 Beds
    • 1.5 Baths
    • 64 Sq Ft

    3279 Hanna Dr, Memphis, TN 38128

    See RealtyBid for property, auction, and access information.

    Brian Brockman Bang Realty

    3279 Hanna Dr, Memphis, TN 38128

Home Trends in Raleigh, TN

Housing Trends

Median Sale Price
$164,900
Median Single Family Sale Price
$170,000
Median Townhouse Sale Price
$196,200
Median 2 Bedroom Sale Price
$94,750
Average Price Per Sq Ft
$108
Number of Homes for Sale
65
Last 12 months Home Sales
203
Months of Supply
3.80
Median List Price
$175,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
13%
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