About This Home

This 3-bedroom, 2-bathroom single family at 3312 UNIVERSITY St in Memphis, TN is listed for $160,000 ($81 per sqft). Built in 1963, the home offers 1,985 sqft of living space on a 0.32 acres lot.

Key Features

  • Built in 1963
  • 0.32 acre lot

Property Details

1 story
2 full
2-car garage
1963

Amenities

A/C
Listing Description

Turnkey investment opportunity. Tenant already in place through April 2027 and rented at $1,285/month. This 3BR/2BA home with 1,985 SF was fully renovated in 2022, including new roof, updated mechanicals, and all interior finishes. Low-maintenance property ideal for an investor seeking immediate cash flow and long-term rental potential. Spacious layout, updated condition, and established tenancy make this a strong addition to a rental portfolio. Please do not disturb tenant. No showings without an accepted offer.

Monthly Cost Estimate

$856/mo

20% down · 6.5% · 30 years

Principal$116
Interest$693
Insurance$47

Estimates only. Actual payments may vary.

Location

3312 UNIVERSITY St

Memphis, TN 38127

UNIVERSITY ROAD

Features & Amenities

Exterior Features

Wrought Iron Security DrsPorchStorage

Property Details

Flooring

Textured ceilingVinylCarpet

Outdoor Features

Porch

Parking

DrivewayGarage

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 3312 UNIVERSITY St is listed at $160,000 ($81/sqft). The estimated monthly payment is $856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.32 acre lot. Exterior Features: Wrought Iron Security Drs, Porch, Storage.

This property is listed by Chad Woelke.

CW

Chad Woelke

Agent at HERITAGE HOMES COMPANY

Listed by HERITAGE HOMES COMPANY · Broker phone: 901-756-8300 · View on Broker Site · Broker website

MLS# 10221477· Source: Memphis Area Association of Realtors®· 167 days on PropertySimple

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.

3312 UNIVERSITY St, Memphis, TN 38127

Open this listing in: