Ideal for investors seeking reliable rental income in a high-demand North Memphis corridor. We are NOT 3872 Windermere Rd, can be shown without an accepted offer. Cash-flowing 3-bed, 2-bath investment property in Raleigh, currently rented at $1225.00/month. Recent exterior updates to make this home ready for its next owner. Features a functional layout and large corner lot. Located in a strong workforce rental area near Nike and Amazon fulfillment centers, with easy I-40 access to Downtown Memphis. Nearby amenities include shopping and groceries along Austin Peay Hwy, Harry C. Pierotti Park, Raleigh Spring Rented for $1225/mo, this cash-flowing investment property is ready for a new owner. With 3 beds, 2 full baths and a large corner lot, this home has it all. - Sold As-is, 10 day inspection, no seller credits or negotiation period
Details
MLS #
10225203
Listing Type
For Sale
Style
House
Sub-Type
Resale
Status
Active
Year
1981
Days On Site
69
Listing Provided By
Sowell, Realtors | Joshua Cooper
Features
Bed(s)
3
Bath(s)
2 Total
Story(s)
1
Acreage
0.25
Property View
Corner
Interior
Number Of Rooms
6
Cooling
Ceiling Fan(s), Central
Heating
Central, Gas
Exterior
Lot Description
Corner
Area Information
State
TN
County
Shelby
City
Memphis
Zip Code
38128
Area
Egypt Central
Subarea
731C
Community Name
TIMBERLAKE
Listing VS Median (in TIMBERLAKE)
Price: $115,750
low | high
Med: $0
On site: 69
low | high
Med:
Sourced by Back At You
Market Activity 38128
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 4
Avg $ Per SqFt: $
Min Sale Price: $92,500
Max Sale Price: $175,000
Med Sale Price: $153,000
Date: Jul 2026
Sales: 9
Avg $ Per SqFt: $
Min Sale Price: $90,000
Max Sale Price: $205,000
Med Sale Price: $181,600
Date: Jun 2026
Sales: 11
Avg $ Per SqFt: $
Min Sale Price: $65,000
Max Sale Price: $280,000
Med Sale Price: $161,000
Date: May 2026
Sales: 22
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $390,000
Med Sale Price: $147,500
Date: Apr 2026
Sales: 23
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $255,000
Med Sale Price: $124,900
Date: Mar 2026
Sales: 31
Avg $ Per SqFt: $
Min Sale Price: $61,000
Max Sale Price: $1,299,000
Med Sale Price: $133,575
Date: Feb 2026
Sales: 16
Avg $ Per SqFt: $
Min Sale Price: $75,000
Max Sale Price: $265,000
Med Sale Price: $180,500
Date: Jan 2026
Sales: 24
Avg $ Per SqFt: $85.16
Min Sale Price: $8,000
Max Sale Price: $340,000
Med Sale Price: $122,350
Date: Dec 2025
Sales: 19
Avg $ Per SqFt: $96.79
Min Sale Price: $80,000
Max Sale Price: $210,000
Med Sale Price: $120,000
Date: Nov 2025
Sales: 16
Avg $ Per SqFt: $89.93
Min Sale Price: $40,000
Max Sale Price: $265,000
Med Sale Price: $176,050
Date: Oct 2025
Sales: 17
Avg $ Per SqFt: $93.69
Min Sale Price: $60,000
Max Sale Price: $240,000
Med Sale Price: $112,000
Date: Sep 2025
Sales: 15
Avg $ Per SqFt: $109.22
Min Sale Price: $66,000
Max Sale Price: $685,000
Med Sale Price: $178,000
Sourced by Back At You
Aug 2026
Sales:
4
Avg $ Per SqFt:
$
Min Sale Price:
$92,500
Max Sale Price:
$175,000
Med Sale Price:
$153,000
Jul 2026
Sales:
9
Avg $ Per SqFt:
$
Min Sale Price:
$90,000
Max Sale Price:
$205,000
Med Sale Price:
$181,600
Jun 2026
Sales:
11
Avg $ Per SqFt:
$
Min Sale Price:
$65,000
Max Sale Price:
$280,000
Med Sale Price:
$161,000
May 2026
Sales:
22
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$390,000
Med Sale Price:
$147,500
Apr 2026
Sales:
23
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$255,000
Med Sale Price:
$124,900
Mar 2026
Sales:
31
Avg $ Per SqFt:
$
Min Sale Price:
$61,000
Max Sale Price:
$1,299,000
Med Sale Price:
$133,575
Feb 2026
Sales:
16
Avg $ Per SqFt:
$
Min Sale Price:
$75,000
Max Sale Price:
$265,000
Med Sale Price:
$180,500
Jan 2026
Sales:
24
Avg $ Per SqFt:
$85.16
Min Sale Price:
$8,000
Max Sale Price:
$340,000
Med Sale Price:
$122,350
Dec 2025
Sales:
19
Avg $ Per SqFt:
$96.79
Min Sale Price:
$80,000
Max Sale Price:
$210,000
Med Sale Price:
$120,000
Nov 2025
Sales:
16
Avg $ Per SqFt:
$89.93
Min Sale Price:
$40,000
Max Sale Price:
$265,000
Med Sale Price:
$176,050
Oct 2025
Sales:
17
Avg $ Per SqFt:
$93.69
Min Sale Price:
$60,000
Max Sale Price:
$240,000
Med Sale Price:
$112,000
Sep 2025
Sales:
15
Avg $ Per SqFt:
$109.22
Min Sale Price:
$66,000
Max Sale Price:
$685,000
Med Sale Price:
$178,000
MLS Number: 10225203
Joshua Cooper – (901) 871-1204 – jcooper@sowellrealtors.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Memphis Area Association of Realtors.
MLS Number: 10225203
Joshua Cooper – (901) 871-1204 – jcooper@sowellrealtors.com