Cheap homes for sale & real estate in Memphis, TN

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ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
The lot is almost an acre. The owner owns this lot AND the one located at 1015 Palmer. He bought the two lots together and took advantage of the space. It was used for a garden and play area for the grandkids. Both lots together is approx 1.6 acres. The home next door is also for sell (305k).

$38,000

— beds— baths— sq ft

Palmer Rd, Memphis, TN 38116

Garden and play area • Almost an acre • 0.8 acre lot

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Nice land to build your dream , lot sold as is.

$4,800

— beds— baths— sq ft

745 Los Angeles St, Memphis, TN 38112

6,098 sq ft lot • Listed 7 days

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Prime Vacant Lot in Southwest Memphis! Discover an excellent opportunity to build in a well-established residential area of Memphis. Located on W Raines Road, this vacant lot offers great visibility, convenient access, and a versatile layout suitable for your next home, rental property, or long-term investment. This level, buildable parcel features road frontage on a paved street, with nearby access to public utilities and schools, parks, and retail conveniences just minutes away. The property sits in a quiet neighborhood while still offering quick access to major routes, making commuting throughout the city easy. Whether you’re a builder, investor, or future homeowner, this lot prov

$35,000

— beds— baths— sq ft

1097 W Raines Rd, Memphis, TN 38109

Vacant lot • Residential area • Major routes

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Prime 2.46-acre fenced lot, cleared and ready for development Excellent opportunity for builders, investors, or homeowners seeking land with minimal prep required. Positioned near T. O. Fuller State Park, schools, retail, and . airport. Level terrain makes construction easy. Great potential for a single-family home, mini-farm, or long-term investment. Utilities nearby (buyer to verify). Secure, versatile, and priced to move, don’t miss this acreage.

$30,000

— beds— baths— sq ft

3520 Cook Rd, Memphis, TN 38109

Utilities nearby • Level terrain • 2.46-acre fenced lot

OPEN DEC 1, 1PM TO 6PM

ABOUT THIS HOME
Cheap Home for sale in Memphis, TN:
Buyers/investors build your personal home or brand-new rental property on this beautiful green lot! This is truly the promised land of opportunity and no other area compares to this exclusive subdivision in Magnolia. Last lot for sale in this subdivision! Private showings available.

$15,995

— beds— baths— sq ft

0 Dublin Dr Lot 20 & 21 LAST TWO LOTS ON RIGHT IN A COVE ), Memphis, TN 38114

Last lot for sale • 0.25 acre lot • Listed 9 days

Property at 2810 Ketchum Rd, Memphis, TN 38114

$60,000

— beds— baths— sq ft

2810 Ketchum Rd, Memphis, TN 38114

Property at 2308 Ketchum Rd, Memphis, TN 38114

$15,000

— beds— baths— sq ft

2308 Ketchum Rd, Memphis, TN 38114

Property at 887 Greendale Cir, Memphis, TN 38127

$13,500

— beds— baths— sq ft

887 Greendale Cir, Memphis, TN 38127

Property at 1219 Fiber Rd, Memphis, TN 38109

$12,000

— beds— baths— sq ft

1219 Fiber Rd, Memphis, TN 38109

Property at S Weaver Rd, Memphis, TN 38109

$39,300

— beds— baths— sq ft

S Weaver Rd, Memphis, TN 38109

Property at 280 Bullington Ave, Memphis, TN 38106

$24,500

— beds— baths— sq ft

280 Bullington Ave, Memphis, TN 38106

Property at 00 Raleigh-lagrange Rd, Memphis, TN 38128

$70,000

— beds— baths— sq ft

00 Raleigh-lagrange Rd, Memphis, TN 38128

Property at 1233 W Raines Rd, Memphis, TN 38109

$59,999

— beds— baths— sq ft

1233 W Raines Rd, Memphis, TN 38109

Property at 1522 Bruce St, Memphis, TN 38114

$5,000

— beds— baths— sq ft

1522 Bruce St, Memphis, TN 38114

Property at 29 Felton Rd, Memphis, TN 38128

$20,000

— beds— baths— sq ft

29 Felton Rd, Memphis, TN 38128

Property at 317 E Georgia Ave, Memphis, TN 38126

$40,000

— beds— baths— sq ft

317 E Georgia Ave, Memphis, TN 38126

Property at 2046 E York St, Memphis, TN 38104

$70,000

— beds— baths— sq ft

2046 E York St, Memphis, TN 38104

Property at 2046 Lamar Ave, Memphis, TN 38114

$34,000

— beds— baths— sq ft

2046 Lamar Ave, Memphis, TN 38114

Property at 229 Leath St, Memphis, TN 38105

$70,000

— beds— baths— sq ft

229 Leath St, Memphis, TN 38105

Property at 2425 Forrest Ave, Memphis, TN 38112

$38,000

— beds— baths— sq ft

2425 Forrest Ave, Memphis, TN 38112

Property at 1374 Dow Pl, Memphis, TN 38106

$7,500

— beds— baths— sq ft

1374 Dow Pl, Memphis, TN 38106

Property at 1607 S Lauderdale St, Memphis, TN 38106

$5,100

— beds— baths— sq ft

1607 S Lauderdale St, Memphis, TN 38106

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Cheap Homes for Sale in Memphis

There are currently 2593 cheap homes for sale in Memphis at a median listing price of $191K. 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, 502 homes have been sold in Memphis. In addition to houses in Memphis, there were also 345 condos, 57 townhouses, and 104 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 Mon Dec 01 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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