For sale

$139,900

3048 Kingsgate Ave, Memphis, TN 38118

3beds

1,321sqft

$964/mo

Get pre-qualified

Single Family Residence

Built in 1967

10,018 Square Feet Lot

$-- Zestimate^®

$106/sqft

$-- HOA

What's special

Single car carportLarge backyardGalley kitchenTiled and carpet flooring

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.

77 days

90

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Area: 156
Dimensions: 12 x 13

Bedroom 2

Area: 132
Dimensions: 11 x 12

Bedroom 3

Area: 132
Dimensions: 12 x 11

Dining room

Area: 168
Dimensions: 12 x 14

Living room

Features: LR/DR Combination
Area: 165
Dimensions: 11 x 15

Den

Area: 228
Dimensions: 12 x 19

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet, Tile
Windows: Aluminum Frames
Has fireplace: No

Interior area

Total interior livable area: 1,321 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None

Lot

Size: 10,018 Square Feet
Dimensions: 70 x 149
Features: Level

Details

Parcel number: 060193 00029

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer

Condition

New construction: No
Year built: 1967

Community & HOA

Community

Subdivision: Kensington Gardens Blk H-1

Location

Region: Memphis

Financial & listing details

Price per square foot: $106/sqft
Tax assessed value: $135,400
Annual tax amount: $1,785
Price range: $139.9K - $139.9K
Date on market: 6/9/2026

Estimated market value

Not available

Estimated sales range

Not available

$1,238/mo

Price history

Date	Event	Price
6/9/2026	Listed for sale	$139,900+68.6%$106/sqft
Source: MAAR #10223559 Report a problem
11/6/2018	Listing removed	$825$1/sqft
Source: GM Realty Inc. Report a problem
11/1/2018	Listed for rent	$825+3.8%$1/sqft
Source: GM Realty Inc. Report a problem
1/10/2018	Sold	$83,000+403%$63/sqft
Source: Public Record Report a problem
2/29/2016	Listing removed	$795$1/sqft
Source: GM Realty Inc. Report a problem
2/17/2016	Price change	$795-3.6%$1/sqft
Source: GM Realty Inc. Report a problem
1/22/2016	Price change	$825-2.9%$1/sqft
Source: GM Realty Inc. Report a problem
12/16/2015	Listed for rent	$850+6.9%$1/sqft
Source: GM Realty Inc. Report a problem
11/11/2014	Listing removed	$795$1/sqft
Source: GM Realty Inc. Report a problem
8/9/2014	Listed for rent	$795$1/sqft
Source: GM Realty Inc. Report a problem
9/23/2008	Sold	$16,501-78.5%$12/sqft
Source: Public Record Report a problem
7/12/2005	Sold	$76,900$58/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,784 +2.7%	$33,850 +28.3%
2024	$1,737 +8.1%	$26,375
2023	$1,607	$26,375
2022	--	$26,375
2021	--	$26,375 +28.3%
2020	$657	$20,550
2019	$657 +5%	$20,550 +33%
2018	$626 -45.1%	$15,450
2017	$1,140 +158%	$15,450 +18.8%
2016	$442 -2.7%	$13,000 -12.6%
2014	$454	$14,875
2013	--	$14,875 +4.4%
2012	--	$14,250 -14.9%
2011	--	$16,750 -17.9%
2010	--	$20,400
2009	--	$20,400 +5.8%
2008	--	$19,275
2007	--	$19,275
2006	--	$19,275
2005	--	$19,275 +7.8%
2004	--	$17,875
2003	--	$17,875
2002	--	$17,875
2001	--	$17,875 +13.9%
2000	--	$15,700