For sale

$113,900

Est. $809/mo —

•

View

sq ft

3127 Knightway Rd, Memphis, TN 38118

About this home

Price Improvement! Cash flowing property for sale with long term tenant in place! Home is located in desirable South Memphis neighborhood. Tenant pays $1090 and lease ends October 2027. Home professionally managed with all ledger and maintenance records available upon request. HVAC and HWH 2021 and roof 10 years old. Call listing agent for details. Access upon accepted offer. Do not disturb tenants.

Single-familyProperty Type

1959Year Built

8,276 sq ftLot Size

Listed by Andrew Akins • CB Properties of Memphis, LLC

Listing updated: Oct 19, 2026 at 04:03pm

Redfin checked: 2 minutes ago

•Source:Memphis Area Association of Realtors(R) MLS #10231113

Payment calculator

$809 per month

Principal and interest$614

Property taxes

$139

HOA dues

Home insurance

$56

Utilities

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Open houses

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4900 Old Stone Cv, Memphis, TN 38125
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4443 Peace River Dr, Memphis, TN 38141
8,712 sq ft lot • Garage • Built 1981

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Around this home

Schools

K - 12
Preschool & daycare

Parkway Village Elementary

Public PreK-5 • Assigned • 0.7mi

5/10

American Way Middle School

Public 6-8 • Assigned • 1.5mi

6/10

Sheffield High School

Public 9-12 • Assigned • 0.4mi

4/10

Provided by GreatSchools

About North Parkway

Village

North Parkway Village, located between Overton Park and Downtown Memphis, is a historic and residential Memphis neighborhood with early-20th-century homes and a broad, tree-lined parkway. The neighborhood’s character concentrates along North Parkway at McLean Boulevard, where porch-front houses face the median and local traffic hums past small storefronts. Crosstown Concourse serves as a cultural pillar with galleries, food counters, and workspaces under one roof. The Memphis Brooks Museum of Art and the Memphis Zoo, both at Overton Park’s edge, anchor nearby day-to-day outings. Architecture leans Craftsman and Colonial Revival, with sidewalks and mature canopy shaping a walkable rhythm. Green space and bike routes along the parkway connect daily errands to larger city destinations.

Provided by Walk Score and Local Logic

Offer insights

3127 Knightway Rd · $113,900

Strong offer

$114K and above

75% chance or better to win

Why $114K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 55 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Bathroom

Bedroom

Interior features
Six total rooms
One-story layout
Floors/ceilings: Other (see remarks)
All bedrooms located on the main level

Bedrooms
Three bedrooms
Master bedroom approximately 14 x 16

Bathrooms
One full bathroom

Heating & cooling
Central heating
Central cooling

Sale and tax history for 3127 Knightway Rd

Sale History
Tax History

Date

Event

Price

Memphis Area Association of Realtors(R) MLS #10231113

Oct 19, 2026

Price Changed

$113,900

Sep 25, 2026

Listed

$116,900

Memphis Area Association of Realtors(R) MLS #10156783

Dec 22, 2023

Sold

$135,900

Sep 15, 2023

Listed

$131,900

Reduced Price! Completely renovated home featuring HVAC from 2019, roof less than 5 years, updated kitchen and any deferred maintenance items. Perfect for first time home buyer or investor. Can be bought individually or in a package of updated homes from the seller. The renovation performed is designed to reduce owner/ investor maintenance. Need a Quick Sell? We are always looking for homes to buy. Will take them "as is" without inspection and pay cash. Call listing agent for details.

PROPERTYWARE #2

Nov 9, 2023

Rental Removed

$985

Oct 20, 2023

Price Changed

$985

Oct 15, 2023

Price Changed

$1,025

Sep 8, 2023

Price Changed

$1,055

Sep 2, 2023

Listed for Rent

$1,060

Memphis Area Association of Realtors(R) MLS #1

Jul 14, 2023

Price Changed

$134,900

Memphis Area Association of Realtors(R) MLS #10138860

May 1, 2023

Sold

$89,000

Dec 8, 2022

Listed

$110,000

Public Records

Jan 4, 2011

Sold

$45,000

Memphis Area Association of Realtors(R) MLS #3208442

Oct 22, 2010

Sold

$17,200

Sep 15, 2010

Listed

$23,460

Public Records

May 9, 2008

Sold

$61,000

Public Records

Jun 1, 1992

Sold

$24,000

Public Records

Oct 15, 1991

Sold

$11,500

Public Records

Feb 29, 1968

Sold

$10,899

Year

Property tax

Land + Additions

Assessment*

2025

$1,672 (+25.1%)

$4,125 + $27,600

$31,725

2024

$1,337 (+53.5%)

$4,125 + $27,600

$31,725

2023

$871

$2,875 + $17,425

$20,300

2022

$871 (−1.2%)

$2,875 + $11,425

$14,300

2021

$881 (+10.3%)

$2,875 + $11,425

$14,300

2020

$799

$2,875 + $11,425

$14,300

2019

$799

$2,875 + $8,150

$11,025

2018

$799 (+76.3%)

$2,875 + $8,150

$11,025

2017

$453 (−3.0%)

$2,875 + $8,150

$11,025

2016

$467

$2,875 + $8,150

$11,025

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

60 ft.

Lot depth

143 ft.

Lot size

8,633 Sq. Ft.

Year renovated

2010

Finished Sq. Ft.

925

Unfinished Sq. Ft.

—

Total Sq. Ft.

925

Year built

1959

Style

Single Family Residential

County

Shelby County

APN

073063 00031

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 22, 2026.

R-6

Residential Single Family-6 District

The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space

Aug 4, 2023 • Final

Residential plumbing

Replace the water line and repair the sewer system.

Plumbing

Jul 28, 2023 • Final

Residential plumbing

Replace the existing sewer line.

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

6/10 Heat Factor

7 days above 109° expected this year, 21 days in 30 years

4/10 Wind Factor

17% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Memphis, TN • 38118

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

90/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.6 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 3127 Knightway Rd

$107,398

$6,502 under list price of $114K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $95K to $131K.

SOLD MAR 30, 2026
$131,000 Last sold price
3 beds1 bath1,092 sq ft
4405 Aloha Ave, Memphis, TN 38118
Listing provided by realtracs
larger lot
1 year newer
Local rules require you to be signed in
2851 Knightway Rd, Memphis, TN 38118
$120,000 Last sold price
2 beds1 bath1,310 sq ft
2851 Knightway Rd, Memphis, TN 38118
Source: Public Records
larger lot
5 years newer
SOLD JUL 17, 2026
$113,000 Last sold price
3 beds1.5 baths1,075 sq ft
4127 Cedarwood Cv, Memphis, TN 38118
Listing provided by realtracs
smaller lot
5 years newer
SOLD OCT 14, 2026
$116,000 Last sold price
3 beds2 baths— sq ft
2993 S Perkins Rd, Memphis, TN 38118
larger lot
1 year older
SOLD JUN 30, 2026
$129,900 Last sold price
4 beds1 bath1,088 sq ft
3114 Cherry Rd, Memphis, TN 38118
Listing provided by realtracs
1 year newer
SOLD OCT 16, 2026
$95,000 Last sold price
3 beds1.5 baths1,283 sq ft
3000 Capri St, Memphis, TN 38118
Listing provided by realtracs
5 years newer

Rental earnings

Est. $1,135 per month, based on comparable rentals

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Details provided by Memphis Area Association of Realtors(R) MLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Interested in buying?

Around this home

Schools

Offer insights

Property details

Sale and tax history for 3127 Knightway Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 3127 Knightway Rd

Nearby similar homes

New listings for sale in 38118

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