Briscoe Ellett III

3312 University St

Memphis, TN
$ 160,000 Beds 3 Baths 2 Sq 1,985
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 160,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Frayser - East
  • Lot Size
  • 0.32 Acres
  • Zip
  • 38127
  • Sqr Footage
  • 1,985
  • Year Built
  • 1963
  • Taxes
  • $ 2434
  • Style
  • Traditional
  • MLS#
  • 10221477
Listed By: Heritage Homes Co.
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Status Active
Full Baths 2
Legal Subdivision Name UNIVERSITY ROAD
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 727A
Parcel Number 072058 00041
Status Active
Annual City Tax 1192
Annual County Tax 1242
Sale/Rent For Sale
Area Frayser - East
Service Type Full Service Listing
Neighborhood Association None
Year Built 1963
Directions From Frayser Blvd go south on University. Property is on left.
City Memphis
DOM 134

Interior Features

Living Room Separate Living Room,Separate Dining Room,Separate Den,Eat-In Kitchen,Pantry,Washer/Dryer Connections,Vinyl/Luxury Vinyl Floor
Beds 3
Total Baths 2
Number of Rooms 6
Downstairs Bedrooms 3
FLOORS/CEILINGS Part Carpet,Vinyl/Luxury Vinyl Floor,Textured Ceiling
BEDROOM 3 DESCRIPTION Level 1,Carpet
BEDROOM 2 DESCRIPTION Level 1,Carpet

Exterior Features

Foundation Conventional
Pool None
Lot 2
Lot Size Area 0.32
Water & Sewer Gas Water Heater,Public Water,Public Sewer
Lot Size 88X159
Parking Display G2D
Lot Description Some Trees,Level,Chain Fenced
# Covered Parking Spaces 2
PARKING/STORAGE Driveway/Pad,Storage Room(s),Front-Load Garage
EXTERIOR/WINDOWS Wood/Composition,Aluminum/Steel Siding
Misc. Exterior Wrought Iron Security Drs,Porch,Storage

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/13/2026 Listed $160,000

Property vs Zip Code Average in 38127

Price
AVG $110K
$160K
Taxes
AVG $1,039
$2,434
Year Built
AVG 1964
1963
Visits
AVG 65
113
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

3312 University St Memphis, TN is a Single Family Home for sale at $160000 with 1985 sqft and a lot size of 0.32 Acres Acre(s). 3312 University St Memphis has 3 bedrooms, 2 baths and was built in 1963. The property's zip code is 38127 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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