3 Bedroom Gated Condos for Sale in Memphis, TN Under $375K

There are 11 condos for sale in Memphis, TN, with 3 bedrooms and 2 to 4 bathrooms. Displayed asking prices range from $225,000 to $350,000, and build years from 1968 to 2009.

Memphis condo buyers searching for a 3 bedroom gated home often look first at Midtown, where Overton Park's wooded acres hold the Memphis Zoo and the Brooks Museum of Art, a short drive from the Central Avenue corridor. Gated towers near the Memphis Country Club sit along Central Avenue, close to the University of Memphis campus and the shops and restaurants of Midtown. Downtown's South Main district, a historic area of lofts and restaurants, is only a few minutes away, and the Mississippi River riverfront lies just beyond its southern edge.

Most of these neighborhoods sit a 10 to 20 minute drive from Downtown along Interstate 240, while Interstate 40 runs east toward the suburbs and west toward Memphis International Airport. Buyers should confirm the school zone for each address with Shelby County Schools, and the medical district around Union Avenue, anchored by Methodist University Hospital, is a practical commute for healthcare workers and families.

11 homes · starting from

$225,000

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Good to know

Buying in Memphis

The questions buyers ask us most about this collection.

What is the best area to buy a gated condo in Memphis?

Midtown is the most common choice for gated condo buyers because it sits between Overton Park and the Central Avenue corridor. Neighborhoods near the Memphis Country Club offer golf course views and quiet streets, while areas closer to Downtown trade some green space for a shorter walk to restaurants and the riverfront.

Is a gated condo in Memphis a good choice for first time buyers?

Gated condos in Memphis often suit first time buyers because they combine a secured entry with lower maintenance than a single family home. Buyers should read the HOA documents closely to understand what fees cover, including roofs, exteriors, pools and gate upkeep.

How long is the drive from Midtown Memphis to Downtown?

Most Midtown addresses are a 10 to 20 minute drive from Downtown, depending on traffic and the route taken on Interstate 240 or local streets. The trip is shorter on weekends and longer during morning and evening rush hours.

What should I check before buying a condo in Midtown Memphis?

Ask for the most recent HOA budget and reserve study, and confirm whether parking is deeded, assigned or shared. Review the building's flood zone status and insurance requirements, since older Memphis buildings can differ in how they handle these costs.

Which Memphis neighborhoods are close to the river?

South Main and the Downtown riverfront sit closest to the Mississippi River, with restaurants, shops and the Mud Island area nearby. Condos in Downtown and South Main tend to feel more urban than those in Midtown, which offer more tree cover and park access.

Do Memphis gated condos have pools and amenities?

Many gated condo communities in Memphis include pools, clubhouses, fitness rooms and dog parks, though amenities vary by building and age. Buyers should ask the HOA which amenities are maintained and whether any are planned for upgrades.