Cheap homes for sale & real estate in Memphis, TN

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ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Discover this charming 3-bedroom, 2-bath home nestled in a cove. Step inside to find updated flooring (2021) that flows seamlessly throughout the living spaces, creating a warm and modern feel. The updated kitchen (2021) features fresh finishes, ample counter space with stainless appliance, built-in microwave, breakfast bar and a layout perfect for cooking or gathering. Outdoor storage shed and chicken coup and fenced back yard.

$190,000

3 beds2 baths— sq ft

6725 Elmore Woods Ln, Memphis, TN 38134

8,276 sq ft lot • Built 1994

NEW 4 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
This investment property is seeking to be the newest addition to a lucky investors portfolio! currently rented at $1200 a month with no renovation needed. Home was completely updated from a 2 year old roof, new plumbing, and updated kitchen. What are you waiting for? No wholesale or assignment offers

$89,500

3 beds2 baths— sq ft

862 S Lauderdale St, Memphis, TN 38126

2 year old roof • New plumbing • Updated kitchen

NEW 4 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Great flip or AirBnBRRRR opportunity in prime urban metro Walnut Grove Highland Subdivision. This property is a 4 bed/2.5 bath with 3 bedrooms down and 1 bedroom up and is a Cape Cod–style cottage with Tudor Revival influences, common in older Memphis neighborhoods. ARV is $315K or greater! AirDNA predicts $39.4K in expected annual STR income. Local STR management recommendations available upon request. Expect mega returns wether flipping or holding! Contact a local realtor today to make your offer today! VIDEO AVAILABLE UPON REQUEST!

$190,000

4 beds2.5 baths— sq ft

30 N Highland St, Memphis, TN 38111

0.26 acre lot • Built 1948

NEW 6 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Turnkey 6-unit multifamily—all 2BD/1BA and fully leased on new 12-month agreements. Tenants enjoy easy access to shopping, grocery, transit lines, and major corridors, with I-240 and downtown just minutes away. The surrounding area continues to see public-infrastructure updates, enhanced streetscapes, and new commercial activity, adding appeal for both renters and investors. Strong cash flow today with significant future upside through rent optimization.

$349,000

12 beds— baths— sq ft

1304 Horace St, Memphis, TN 38106

Strong cash flow • Fully leased • Built 1960

NEW 6 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
This is part of a five condo deal (3336, 3338, 3344, 6443 Kirby Trees and 5211 Flowering Peach) for $375,000.00. Units may be sold individually for $75,000.00 Unit is occupied at $1,450.00 per month. Priced to SELL!!!!!

$75,000

3 beds2.5 baths— sq ft

6443 Kirby Trees Pl, Memphis, TN 38115

Parking • Built 1976

Property at 5211 Flowering Peach Dr, Memphis, TN 38115, 3 beds, 1.5 baths

$75,000

3 beds1.5 baths— sq ft

5211 Flowering Peach Dr, Memphis, TN 38115

Property at 3344 Kirby Trees Pl, Memphis, TN 38115, 4 beds, 2 baths

$75,000

4 beds2 baths— sq ft

3344 Kirby Trees Pl, Memphis, TN 38115

Property at 745 Kippley St, Memphis, TN 38112, 3 beds, 1 bath

$125,000

3 beds1 bath— sq ft

745 Kippley St, Memphis, TN 38112

Property at 3338 Kirby Trees Pl, Memphis, TN 38115, 3 beds, 2 baths

$75,000

3 beds2 baths— sq ft

3338 Kirby Trees Pl, Memphis, TN 38115

Property at 3336 Kirby Trees Pl, Memphis, TN 38115, 3 beds, 2.5 baths

$75,000

3 beds2.5 baths— sq ft

3336 Kirby Trees Pl, Memphis, TN 38115

Property at 880 Rutgers Rd, Memphis, TN 38106, 3 beds, 1 bath

$110,000

3 beds1 bath— sq ft

880 Rutgers Rd, Memphis, TN 38106

Property at 2536 Calvert Ave, Memphis, TN 38108, 3 beds, 1.5 baths

$23,000

3 beds1.5 baths— sq ft

2536 Calvert Ave, Memphis, TN 38108

Property at 936 Par Ave, Memphis, TN 38127, 3 beds, 1 bath

$85,000

3 beds1 bath— sq ft

936 Par Ave, Memphis, TN 38127

Property at 987 Rutgers Rd, Memphis, TN 38106, 2 beds, 1 bath

$100,000

2 beds1 bath— sq ft

987 Rutgers Rd, Memphis, TN 38106

Property at 1033 Colgate Rd, Memphis, TN 38106, 3 beds, 1 bath

$135,000

3 beds1 bath— sq ft

1033 Colgate Rd, Memphis, TN 38106

Property at 3579 Powell Ave, Memphis, TN 38122, 2 beds, 1 bath

$150,000

2 beds1 bath— sq ft

3579 Powell Ave, Memphis, TN 38122

Property at 1023 Colgate Rd, Memphis, TN 38106, 2 beds, 1 bath

$80,000

2 beds1 bath— sq ft

1023 Colgate Rd, Memphis, TN 38106

Property at 10329 Cottage Oaks Dr, Cordova, TN 38016, 3 beds, 2 baths

$260,000

3 beds2 baths— sq ft

10329 Cottage Oaks Dr, Cordova, TN 38016

Property at 5573 Millbranch Rd, Memphis, TN 38116, 3 beds, 1 bath

$109,900

3 beds1 bath— sq ft

5573 Millbranch Rd, Memphis, TN 38116

Property at 5126 Verosa Ave, Memphis, TN 38117, 4 beds, 2 baths

$435,000

4 beds2 baths— sq ft

5126 Verosa Ave, Memphis, TN 38117

Property at 4931 Sea Isle Rd, Memphis, TN 38117, 3 beds, 1 bath

$213,000

3 beds1 bath— sq ft

4931 Sea Isle Rd, Memphis, TN 38117

Property at 177 E Raines Rd, Memphis, TN 38109, 3 beds, 1.5 baths

$104,900

3 beds1.5 baths— sq ft

177 E Raines Rd, Memphis, TN 38109

Property at 3680 Frayser-raleigh Rd, Memphis, TN 38128, 3 beds, 1 bath

$84,900

3 beds1 bath— sq ft

3680 Frayser-raleigh Rd, Memphis, TN 38128

Property at 3941 Stillwood Dr, Memphis, TN 38128, 3 beds, 2 baths

$149,500

3 beds2 baths— sq ft

3941 Stillwood Dr, Memphis, TN 38128

Property at 1730 S Sutton Dr, Memphis, TN 38127, 4 beds, 2 baths

$99,900

4 beds2 baths— sq ft

1730 S Sutton Dr, Memphis, TN 38127

Property at 4066 Berrywood Ave, Memphis, TN 38118, 3 beds, 2 baths

$129,900

3 beds2 baths— sq ft

4066 Berrywood Ave, Memphis, TN 38118

Property at 3386 Spring Water Cv, Memphis, TN 38128, 3 beds, 1 bath

$94,900

3 beds1 bath— sq ft

3386 Spring Water Cv, Memphis, TN 38128

Property at 3860 Castleman St, Memphis, TN 38118, 4 beds, 1.5 baths

$139,900

4 beds1.5 baths— sq ft

3860 Castleman St, Memphis, TN 38118

Property at 356 Hewlett Rd, Memphis, TN 38109, 2 beds, 1 bath

$79,900

2 beds1 bath— sq ft

356 Hewlett Rd, Memphis, TN 38109

Property at 1800 Foster Ave, Memphis, TN 38114, 5 beds

$254,900

5 beds— baths— sq ft

1800 Foster Ave, Memphis, TN 38114

Property at 963 Leacrest Ave, Memphis, TN 38109, 3 beds, 1 bath

$89,900

3 beds1 bath— sq ft

963 Leacrest Ave, Memphis, TN 38109

Property at 3660 Overton Crossing St, Memphis, TN 38127, 4 beds, 3 baths

$120,000

4 beds3 baths— sq ft

3660 Overton Crossing St, Memphis, TN 38127

Property at 730 Hedgegrove Dr #4407, Memphis, TN 38117, 1 bed, 1 bath

$150,000

1 bed1 bath— sq ft

730 Hedgegrove Dr #4407, Memphis, TN 38117

Property at 994 Seventh St, Memphis, TN 38107, 3 beds, 2 baths

$142,500

3 beds2 baths— sq ft

994 Seventh St, Memphis, TN 38107

Property at 3831 Hermitage Dr, Memphis, TN 38116, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

3831 Hermitage Dr, Memphis, TN 38116

Property at 2188 Cowden Ave, Memphis, TN 38104, 4 beds, 2 baths

$324,000

4 beds2 baths— sq ft

2188 Cowden Ave, Memphis, TN 38104

Property at 7669 Mineral Crest Cir S, Memphis, TN 38125, 3 beds, 2.5 baths

$209,900

3 beds2.5 baths— sq ft

7669 Mineral Crest Cir S, Memphis, TN 38125

Property at 4463 Cherrydale Rd, Memphis, TN 38117, 4 beds, 2 baths

$339,000

4 beds2 baths— sq ft

4463 Cherrydale Rd, Memphis, TN 38117

Property at 5128 Jessie Lee Ln, Memphis, TN 38118, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

5128 Jessie Lee Ln, Memphis, TN 38118

Property at 956 Spinnaker Ln, Cordova, TN 38018, 3 beds, 2.5 baths

$345,000

3 beds2.5 baths— sq ft

956 Spinnaker Ln, Cordova, TN 38018

Property at 4417 Fair Meadow Rd, Memphis, TN 38117, 4 beds, 2 baths

$319,900

4 beds2 baths— sq ft

4417 Fair Meadow Rd, Memphis, TN 38117

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Cheap Homes for Sale in Memphis

There are currently 2594 cheap homes for sale in Memphis at a median listing price of $192K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Memphis stay on the market for 77 days and receive 1 offers. Popular neighborhoods include Downtown Memphis, East Memphis, Midtown, Cordova, and Mud Island. This map is refreshed with the newest listings in Memphis every 15 minutes.

In the past month, 382 homes have been sold in Memphis. In addition to houses in Memphis, there were also 330 condos, 57 townhouses, and 97 multi-family units for sale in Memphis last month. Memphis is a minimally walkable city in Shelby County with a Walk Score of 35. Memphis is home to approximately 647,889 people and 401,774 jobs. Find your dream home in Memphis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Memphis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Memphis. Our Memphis real estate stats and trends will give you more information about home buying and selling trends in Memphis. If you're looking to sell your home in the Memphis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Memphis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Based on information submitted to the MLS GRID as of Thu Dec 04 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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