Ask About Our Specials. Welcome to 3386 Spring Water, a beautifully maintained 3-bedroom home located in the peaceful 38128 area of Memphis. This inviting property offers a functional layout, modern updates and a convenient location-perfect for families or anyone seeking both comfort and accessibility. Step inside to a spacious living room filled with natural light, creating a warm and welcoming atmosphere that's ideal for relaxing evenings or gathering with family and friends. The layout flows seamlessly, making everyday living both comfortable and practical. Each of the three bedrooms provides a cozy retreat, with the primary suite featuring it's own private bathroom for added comfort and privacy. Located in the Raleigh area, this home is just minutes from schools, parks, shopping centers and dining options. With easy access to major highways, commuting to downtown Memphis and surrounding areas is quick and convenient. Ready to make this house your home? Contact us today for more details. All RiverTown Realty residents are enrolled in the Resident Benefits Package (rbp) for an additional monthly fee. This package includes liability insurance, move-in concierge service for easy utility setup, a resident rewards program, on-demand pest control and more. Additional details provided upon application. Hablamos Espaol. Schedule your showing today with Ruth at 901-201-0989. The quoted security deposit reflects the base amount and is subject to change based on application screening results. Pet Friendly, Dishwasher, Range Oven, Carpet, Hardwood & Central. Listing provided by RentalSource.
Raleigh, located between Frayser and Bartlett, is a residential and commercial Memphis neighborhood with a broad suburban street grid and long-established civic corridors. The neighborhood’s character concentrates around the Austin Peay Highway and Covington Pike crossroads, where auto shops, local eateries, and everyday retail line wide lanes and big parking lots. The Raleigh Springs Civic Center and Library acts as a community anchor with public programs and meeting space. The Bartlett Performing Arts and Conference Center and Davies Manor Historic Site sit nearby as cultural touchpoints tied to the area’s history and arts calendar. Housing ranges from mid-century ranches to newer subdivisions, with mature trees and deep setbacks shaping the streetscape. Green space and recreation cluster around nearby parks and sports fields, giving the area a practical, outdoors-forward rhythm.
Provided by Walk Score and Local Logic
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
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Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be 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
13% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
This property is priced $166 below the rental estimate which makes this a great deal!
Asking rent
$995
Rental estimate
$1,161
Nearby comparable rentals
The Rental Estimate uses 0 recent nearby rental.
Sale and tax history for 3386 Spring Water Cv
Sale History
Tax History
Date
Event
Price
rentalsource #2
Aug 4, 2026
Price Changed
$995
$1/sq ft
Jun 26, 2026
Listed for Rent
$1,095
$1/sq ft
RentEngineListings #1
Jun 25, 2026
Rental Removed
$1,095
$1/sq ft
Jun 25, 2026
Listed for Rent
$1,095
$1/sq ft
Memphis Area Association of Realtors(R) MLS #10210750
Apr 22, 2026
Sold
$83,000
$79/sq ft
Mar 4, 2026
Price Changed
$84,900
$81/sq ft
Jan 9, 2026
Price Changed
$89,900
$85/sq ft
Dec 3, 2025
Listed
$94,900
$90/sq ft
+25
This cozy ranch-style home features 3 bedrooms, 1 full bath. Boasting great bones and endless potential. Great for an investor or first time home buyer.
REALTRACS as Distributed by MLS Grid #3089273
Jan 14, 2026
Listed
$39,900
$38/sq ft
Sep 27, 2019
Sold
$40,500
$38/sq ft
House has been rented for $550/mo. Drive by only so do not disturb tenants. If interested submit your offer contingent on your getting inside. Once offer is accepted we will get you inside the units.
REALTRACS as Distributed by MLS Grid #3023582
Oct 14, 2021
Sold
$75,000
$71/sq ft
Memphis Area Association of Realtors(R) MLS #10108269
Oct 14, 2021
Sold
$75,000
$71/sq ft
Sep 9, 2021
Listed
$78,000
$74/sq ft
Memphis Area Association of Realtors(R) MLS #10060733
Sep 27, 2019
Sold
$40,500
$38/sq ft
Aug 28, 2019
Listed
$39,900
$38/sq ft
Public Records
Mar 9, 2015
Sold
$270,000
$256/sq ft
Memphis Area Association of Realtors(R) MLS #9943438
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3386 Spring Water Cv is a 1047 square foot property with 3 bedrooms and 1 bathrooms. We estimate that 3386 Spring Water Cv would rent between $1,161 / mo.3386 Spring Water Cv is located in Memphis, the 38128 zipcode, and the Memphis-Shelby County Schools.