Ideal for investors seeking reliable rental income in a high-demand North Memphis corridor. We are NOT 3872 Windermere Rd, can be shown without an accepted offer. Cash-flowing 3-bed, 2-bath investment property in Raleigh, currently rented at $1225.00/month. Recent exterior updates to make this home ready for its next owner. Features a functional layout and large corner lot. Located in a strong workforce rental area near Nike and Amazon fulfillment centers, with easy I-40 access to Downtown Memphis. Nearby amenities include shopping and groceries along Austin Peay Hwy, Harry C. Pierotti Park, Raleigh Spring Rented for $1150/mo, this cash-flowing investment property is ready for a new owner. With 3 beds, 2 full baths and a large corner lot, this home has it all. - Sold As-is, 10 day inspection, no seller credits or negotiation period
Springhill Community Civic Club, located between I-240 and Poplar Avenue, is a residential and suburban Memphis neighborhood with curving streets and mature tree cover. The neighborhood’s character concentrates around the Poplar Avenue corridor near Ridgeway Road, where office parks, local eateries, and steady commuter traffic set a polished, weekday rhythm. Housing trends toward mid-century ranches and later brick builds on generous lots, with a quiet, inward-facing street pattern. Daily routines often orbit nearby green space and the retail spine along Poplar. Cultural touchpoints sit close by at the Memphis Botanic Garden and the Dixon Gallery & Gardens. The feel is orderly and low-key, with most activity flowing to the main arterials.
Provided by Walk Score and Local Logic
Offer insights
3878 Windermere Rd · $115,750
$116K and above
75% chance or better to win
Why $116K+ is a strong offer
DAYS ON MARKET
60 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Six total rooms
One-story layout
Wood laminate floors
All bedrooms located on the main level
Separate living room
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
Two full bathrooms
Flooring
Wood laminate flooring
Heating & cooling
Central heating (gas)
Central air
Ceiling fans
Exterior features
Corner lot
Wrought iron security doors
Stone and wood/composition exterior elements
Home design
Detached single-family home
Ranch style
Built in 1981
Parking
Driveway/pad
Security
Wrought iron security doors
Construction
Existing property (built 1981)
Utilities
Gas heating
Central cooling
Ceiling fans
Other
Subdivision: TIMBERLAKE
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10225203
Aug 28, 2026
Price Changed
$115,750
Aug 24, 2026
Price Changed
$119,750
Jul 27, 2026
Price Changed
$120,450
Jul 2, 2026
Listed
$121,000
TENANTTURNER2 #1
Jun 12, 2025
Rental Removed
$1,150
May 14, 2025
Price Changed
$1,150
May 1, 2025
Listed for Rent
$1,200
Public Records
Feb 8, 2022
Sold
$115,000
Memphis Area Association of Realtors(R) MLS #10119723
Dec 30, 2021
Sold
$115,000
Oct 11, 2021
Listed
$125,000
RENOVATED & OCCUPIED INVESTMENT PROPERTY.
Memphis Area Association of Realtors(R) MLS #10109096
Oct 13, 2021
Sold
$80,000
Sep 20, 2021
Listed
$85,000
+17
Well maintained home in Raleigh! Great bones and needs a touch of TLC. Roof about 8 yrs old, water tank about 4 yrs old. Recently vacated and tenant kept it in good condition. Nice sized corner lot! Vacant. Selling AS-IS! Take a look today!
Year
Property tax
Land + Additions
Assessment*
2025
$1,116 (+31.1%)
$2,500 + $18,675
$21,175
2024
$851 (+8.1%)
$2,500 + $18,675
$21,175
2023
$787
$1,925 + $11,000
$12,925
2022
$787 (−1.2%)
$1,925 + $11,000
$12,925
2021
$797 (−6.2%)
$1,925 + $11,000
$12,925
2020
$850
$1,925 + $11,000
$12,925
2019
$850
$1,925 + $9,800
$11,725
2018
$850 (+76.3%)
$1,925 + $9,800
$11,725
2017
$482 (−2.4%)
$1,925 + $9,800
$11,725
2016
$494
$1,925 + $9,800
$11,725
2014
$494
$1,925 + $9,400
$11,325
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
101 ft.
Lot depth
112 ft.
Lot size
0.25 Acres
Year renovated
—
Finished Sq. Ft.
1,101
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,101
Year built
1981
Style
Single Family Residential
County
Shelby County
APN
090071 00001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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
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 110° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
90
71
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3878 Windermere Rd
$110,525
$5,225 under list price of $116K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $135K.