# 3048 KINGSGATE Ave, Memphis, TN 38118

> **TL;DR:** 3bd/2ba single family, $139,900 ($106/sqft), built 1967, 1,321 sqft.
> A/C. Est. $748/mo. Listed 104 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $139,900 |
| Price/sqft | $106 |
| Bedrooms | 3 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,321 |
| Year Built | 1967 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | Active |
| Days on Market | 104 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $707 |
| Estimated Insurance | $41 |
| **Total** | **$748** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1967
- 0.23 acre lot

## Description

### Agent Description
Fantastic investment opportunity. Seller has 7 properties for sale. 6 SFH & 1 Duplex. This property is leased at $985/mo. through 10/31/2026. Providing immediate cash flow while you plan your future value-add strategy. Please do not disturb the tenant. Property being sold as-is. No wholesalers, or creative financing. Showings/Inspections after contract. This property is currently being professionally managed by Reed & Associates of TN, LLC. This charming home offers 3-bedrooms, 1.5-bathrooms, large open living and dining room, & a galley kitchen. Tiled & carpet flooring. A large backyard and a single car carport.

## Location

- **Address:** 3048 KINGSGATE Ave, Memphis, TN 38118
- **County:** Shelby
- **Neighborhood:** KENSINGTON GARDENS BLK H-1
- **Coordinates:** 35.038203, -89.962123
- **Google Maps:** https://www.google.com/maps?q=35.038203,-89.962123

## Listing Agent

- **Name:** Benjamin Reed
- **Brokerage:** Reed & Associates Of TN, LLC
- **Phone:** 9018702966
- **Broker Phone:** (901) 758-1133
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3048-Kingsgate-Ave_Memphis_TN_38118_M85043-13755?f=listhub&s=MAARTN&m=10223559&c=propsimple)

## Photos

![3048 KINGSGATE Ave - Photo 1](http://lh.rdcpix.com/d7f9a33e49562de9a341258017e6bc15l-f198750395r.jpg)

---

**MLS#:** 10223559 | **Updated:** 2026-09-13
**Source:** listhub

*Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3048-kingsgate-ave-memphis-tn-38118-10223559)

---

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