For sale

$160,000

3312 University St, Memphis, TN 38127

3beds

1,985sqft

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Single Family Residence

Built in 1963

0.32 Acres Lot

$155,900 Zestimate^®

$81/sqft

$-- HOA

What's special

Updated mechanicalsUpdated conditionNew roofSpacious layout

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.

57 days

97

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Carpet, Walk-In Closet(s)
Level: First
Dimensions: 0 x 0

Bedroom 2

Features: Carpet
Level: First

Bedroom 3

Features: Carpet
Level: First

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Pantry, Washer/Dryer Connections

Living room

Features: Separate Living Room, Separate Den
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Textured Ceiling, Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet, Vinyl
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 1,985 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad, Storage, Garage Faces Front
Has garage: Yes
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Exterior features: Storage
Pool features: None
Fencing: Chain Link

Lot

Size: 0.32 Acres
Dimensions: 88 x 159
Features: Some Trees, Level

Details

Parcel number: 072058 00041

Construction

Type & style

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

Materials

Wood/Composition, Aluminum/Steel Siding
Roof: Composition Shingles

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: University Road

Location

Region: Memphis

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $184,700
Annual tax amount: $2,434
Price range: $160K - $160K
Date on market: 5/13/2026

Estimated market value

$155,900

$148,000 - $164,000

$1,265/mo

Price history

Date	Event	Price
5/13/2026	Listed for sale	$160,000+8.3%$81/sqft
Source: MAAR #10221477 Report a problem
3/6/2026	Listing removed	$1,285$1/sqft
Source: Zillow Rentals Report a problem
3/2/2026	Listed for rent	$1,285+2.8%$1/sqft
Source: Zillow Rentals Report a problem
5/8/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/4/2023	Listed for rent	$1,250+8.7%$1/sqft
Source: Zillow Rentals Report a problem
3/18/2022	Sold	$147,800+322.3%$74/sqft
Source: Public Record Report a problem
2/8/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/3/2022	Listed for rent	$1,150$1/sqft
Source: Zillow Rental Manager Report a problem
7/21/2021	Sold	$35,000+25%$18/sqft
Source: Public Record Report a problem
1/24/2008	Sold	$28,000-39.9%$14/sqft
Source: Public Record Report a problem
5/25/2007	Sold	$46,552+72.4%$23/sqft
Source: Public Record Report a problem
10/21/2004	Sold	$27,000-35.7%$14/sqft
Source: Public Record Report a problem
10/8/2003	Sold	$41,963$21/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,434 +34.8%	$46,175 +68.4%
2024	$1,806 +8.1%	$27,425
2023	$1,671	$27,425 +40.1%
2022	--	$19,575
2021	--	$19,575 +35.5%
2020	$462	$14,450
2019	$462 -21.1%	$14,450
2018	$585 -45.1%	$14,450
2017	$1,067 +113%	$14,450 -1.9%
2016	$501 -18%	$14,725
2014	$611	$14,725
2013	--	$14,725 -23.1%
2012	--	$19,150
2011	--	$19,150
2010	--	$19,150
2009	--	$19,150 +4.6%
2008	--	$18,300
2007	--	$18,300
2006	--	$18,300
2005	--	$18,300 +11.8%
2004	--	$16,375
2003	--	$16,375
2002	--	$16,375
2001	--	$16,375 +10.5%
2000	--	$14,825

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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