SHERWOOD FOREST Homes under $200,000

SHERWOOD FOREST Homes under $200,000

Welcome to Sherwood Forest, a charming subdivision nestled in the heart of Memphis, Tennessee! This vibrant community in Shelby County offers a delightful blend of suburban tranquility and urban convenience, making it an ideal place for families, first-time homebuyers, and anyone looking to enjoy the best of what Memphis has to offer.

One of the standout features of Sherwood Forest is its affordability. Here, you can find beautiful homes priced under $200,000, providing an excellent opportunity for those looking to invest in their future without breaking the bank. These homes often feature spacious layouts, inviting backyards, and the potential for personalization, allowing you to create the perfect sanctuary that reflects your style and needs.

The neighborhood is adorned with mature trees and well-maintained streets, creating a picturesque setting for leisurely strolls or afternoon bike rides. Families will appreciate the proximity to local parks, schools, and community amenities, fostering a strong sense of belonging and camaraderie among residents.

Additionally, Sherwood Forest is conveniently located near major highways, making commutes to downtown Memphis or other parts of the city a breeze. With shopping, dining, and entertainment options just a short drive away, you’ll never be far from the excitement and culture that Memphis is known for.

Whether you’re searching for your first home or looking to downsize, Sherwood Forest offers a welcoming community with affordable housing options. Discover the charm of Sherwood Forest today, and take the first step towards your dream home!

Newest SHERWOOD FOREST Homes under $200,000

3663 Park Ave, Memphis
$139,000
3 Beds ⋅ 1 Baths ⋅ 10233062 MLS
"OWNER AGENT, SOME OF THE PICTURES HAVE BEEN VIRTUALLY STAGED! Great opportunity for your clients. This 3BR/1BA residential-zoned property offers strong potential for also a small business use, subject to your Re-Zoning approval. Excellent option for an owner-user, investor, or homeowner looking for a visible property with future upside. Central HVAC, New roof was installed last Aug 2025, fresh paint. Fenced backyard with a great built in Deck. Close to U of M, Mediterranean grocery, shopping center and Highland Strip. "All the major repairs have been completed!"SELLER WILL HELP WITH BUYER'S CLOSING COSTS WITH A FULL OFFER!

3663 Park Ave, Memphis
3772 Gamewell Rd, Memphis
$125,000
3 Beds ⋅ 1 Baths ⋅ 10232948 MLS
Excellent home in a solid neighborhood. Quiet street. Convenient to everything. The tenant currently pays $1,000/month. The home can be delivered vacant or occupied. New roof in 2022. Hardwood floors. Remodeled bathroom in 2024. Laundry room. Showings by appointment only. Owner/agent. Please note- many of these pictures are edited with AI, so you will want to verify once personal belongings are moved.

3772 Gamewell Rd, Memphis
3856 Rhodes Ave, Memphis
$94,900
3 Beds ⋅ 1 Baths ⋅ 10232008 MLS
Calling all investors! This 1-story home offers 3 bedrooms, 1 full bathroom, and 1,114 square feet of living space. The floor plan provides a solid starting point for updates and improvements, with plenty of opportunity to renovate, customize, and add value. Bring your vision and transform this property into your next investment or renovation project. Schedule your showing today!

3856 Rhodes Ave, Memphis
1009 Mcevers Rd, Memphis
$165,000
3 Beds ⋅ 1 Baths ⋅ 10230910 MLS
Just minutes from the University of Memphis. The property features a handicap-accessible front ramp, offering added convenience and accessibility. Rental Details: Current Rent: $1,195 Market Rent: $1,260/month Section 8 Welcome: Approved rental rate up to $1,780 ? Accessibility: Handicap ramp at front entrance ?? Location Perk: Near the University of Memphis ?? Type: Single-family residential home This home is ideal for tenants seeking an affordable, accessible option close to the University of Memphis, local schools, shopping, public transportation, and major roadways.

1009 Mcevers Rd, Memphis
3753 Friar Tuck Rd, Memphis
$152,800
3 Beds ⋅ 1 Baths ⋅ 10230513 MLS
100% financing through Renasant Bank for qualified Buyers. Priced under appraisal value. Seller will pay 3% in closing costs with a full price offer. Adorable 3/1 tucked on a quiet street in East Memphis. A few minutes from The U of Memphis. Beautiful hardwood floors, updated kitchen with quartz countertops, fresh paint (2026), wood blinds throughout, HVAC/hot water tank 2022, attic insulation 2024, crawl space dehumidifier 2025, updated bathroom, walk up attic, updated light fixtures. Truly move in condition! Don't miss this chance for an incredible deal! Some rooms have been virtually staged.

3753 Friar Tuck Rd, Memphis
3723 Wilshire Ave, Memphis
$129,901
3 Beds ⋅ 1 Baths ⋅ 10228843 MLS
Investor special or the perfect place to call home! This move-in ready 3-bedroom home offers a spacious, fully fenced backyard and an excellent location close to shopping, dining, and schools. Conveniently located near Sherwood Elementary, Sherwood Middle, and Melrose High School, this property is ideal for homeowners and investors alike. With online sources estimating rental potential around $1,400 per month, this home presents a fantastic opportunity to add to your portfolio or purchase as your first home. Schedule your showing today!

3723 Wilshire Ave, Memphis
1121 Will Scarlet Rd, Memphis
$119,000
2 Beds ⋅ 1 Baths ⋅ 10227454 MLS
Charming, easy-care living in the heart of Sherwood Forest! This move-in-ready 2-bedroom, 1-bathroom home features a functional 802 sq. ft. layout with 5 total rooms, offering a comfortable and cozy flow throughout. Enjoy low-maintenance single-story living complete with covered carport parking. Situated on a 50x120 lot in a prime Memphis location close to local amenities, the University of Memphis, Audubon Park, dining, and main thoroughfares. Whether you're looking for an affordable starter home or a turnkey addition to your investment portfolio, 1121 Will Scarlet is a must-see!

1121 Will Scarlet Rd, Memphis
1107 Mcevers Rd, Memphis
$145,000
2 Beds ⋅ 1 Baths ⋅ 10224399 MLS
Check out this cozy 2 bedroom 1 bath bungalow in the heart of the University of Memphis area on a large lot. Over 1,100 sq. ft. of living space featuring hardwood floors, fresh paint inside/out, a renovated bathroom, new windows, new HVAC, new roof, and much more. All appliances to stay including washer and dryer.

1107 Mcevers Rd, Memphis
3522 Stuart Rd, Memphis
$172,500
2 Beds ⋅ 1 Baths ⋅ 10222899 MLS
Well maintained investment property in the Sherwood Forest neighborhood. Front house has 2bedrooms - 1bath, living and dining room adequate living space. Back house offers 2-stories 1bedroom, 1bath full size kitchen laundry area and a walk out deck Great rental or AirBNB. Front house is currently tenant occupied.

3522 Stuart Rd, Memphis
3788 Allandale Ln, Memphis
$159,500
3 Beds ⋅ 1 Baths ⋅ 10222038 MLS
Charming 3 bedroom, 1 bath home with a functional layout and plenty of natural light throughout. Features include a spacious living area, updated kitchen, and a large backyard perfect for entertaining, pets, or relaxing evenings outdoors. Conveniently located near shopping, dining, and schools, this home is a great opportunity for first time buyers, investors, or anyone looking for comfortable living at an affordable price.

3788 Allandale Ln, Memphis
965 Goodman St, Memphis
$99,900
3 Beds ⋅ 1 Baths ⋅ 10215592 MLS
This 1,079 sq. ft. brick veneer ranch-style residence is located in the established Sherwood Forest community of East Memphis. Built in 1948, the home offers a classic three-bedroom, one-bathroom floorplan characterized by original architectural details and refinished hardwood flooring throughout the main living areas and bedrooms. The interior features a central living room that flows into a dedicated dining area and a functional kitchen with tile flooring. A standout feature of this property is the versatile sun porch, providing additional light-filled living space off the dining room. Situated on a level 0.20-acre lot with mature trees, the exterior includes a fenced backyard, and a private driveway for off-street parking. Located just 1.5 miles from the University of Memphis, this home offers close proximity to Audubon Park, local dining, and established transit corridors.

965 Goodman St, Memphis
991 Mcevers Rd, Memphis
$164,900
3 Beds ⋅ 1 Baths ⋅ 10207234 MLS
Centrally located in East Memphis, this home is close to everything. Lots of potential with this home. Great open plan with more loads of space. Living room dinning room combination with 3 nice size bedrooms. Home has new paint and luxury wood laminate flooring. Roof has been replaced in the last few years. Permeant attic stairs to attic space and bonus or bedroom with closet upstairs and storage space. Nice size yard with large patio and single garage that makes wonderful storage space. All systems updated. CLOSING COSTS!!! CALL FOR DETAILS! Best deal on special financing with owners help with closing THIS HOME QUALIFIES FOR SPECIAL FINANCING! 2 POINT BUYDOW ON RATE AND $7500 CREDIT/Corner

991 Mcevers Rd, Memphis
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