Cheap homes for sale & real estate in Colonial Acres, TN

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ABOUT THIS HOME
Cheap Home for sale in Colonial Acres, TN:
Experience a prime short-term rental investment opportunity with this turnkey Colonial Acres home, offering strong cash-on-cash potential and a proven rental track record. Newly updated and thoughtfully maintained, the property is being sold fully furnished for a seamless transition to its next owner or investor. Beyond its performance as a STR, the home also delivers charm, comfort, and modern updates throughout. Whether you're seeking to grow your portfolio or purchase a ready-to-go home with income potential, this one checks every box. Rent roll is available upon request for qualified buyers.

$295,000

3 beds1 bath— sq ft

4843 Verne Rd, Memphis, TN 38117

Modern updates • Fully furnished • 7,405 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Colonial Acres, TN:
Freshly updated and move-in ready, this charming home features new interior paint throughout and comes complete with all major appliances—including the washer, dryer, and kitchen appliances. The layout offers comfortable living spaces, good natural light, and easy functionality. Outside, enjoy a fully fenced backyard ideal for pets, gardening, or outdoor relaxing. A one-car carport provides convenient covered parking. A solid, low-maintenance home in a convenient Memphis location perfect for a homeowner or investor.

$169,900

3 beds1 bath— sq ft

1554 Hopewell St, Memphis, TN 38117

New interior paint • One-car carport • 7,840 sq ft lot

OPEN SUN, 2PM TO 4PM3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Colonial Acres, TN:
Assumable 3.5% Interest Rate | Approx. $1,934 Monthly Payment (Qualification Required) 4 Bedrooms | 2 Bathrooms | Completely Remodeled in 2022 Take advantage of this rare assumable loan opportunity and lock in a low 3.5% interest rate—a major savings compared to today’s market rates! With a monthly payment around $1,934, this beautiful East Memphis home offers both style and affordability. Completely renovated in 2022, this 4-bedroom, 2-bath home feels brand new from top to bottom. Inside, you’ll find luxury vinyl plank flooring, updated lighting, and fresh neutral paint throughout. The modern kitchen features new stainless-steel appliances, quartz countertops, and sleek

$330,000

4 beds2 baths— sq ft

4888 Verne Rd, Memphis, TN 38117

Quartz countertops • Completely remodeled • Updated lighting

ABOUT THIS HOME
Cheap Home for sale in Colonial Acres, TN:
Darling painted brick home! Hardwood, smooth ceilings, spacious kitchen, nice size laundry room plus nice size FLEX room off kitchen which is perfect playroom or office! 2 full baths! extra parking pad next to carport plus iron gate back to garage with large storage area! 1 car carport and 1 car garage! wonderful back yard with patio. Kitchen has new backsplash, newer appliances. Large laundry room. Washer, dryer and refrigerator can remain. Wonderful street!

$268,900

3 beds2 baths— sq ft

4927 Hampshire Ave, Memphis, TN 38117

Extra parking pad • Painted brick home • Spacious kitchen

ABOUT THIS HOME
Cheap Home for sale in Colonial Acres, TN:
Check out this move in ready home. It has a fresh coat of paint, and its very clean. There is a lot to love about this East Memphis home priced to sell. Brand new roof, furnace only a couple of years old, and the condesor inside the AC was changed at the same time. Nice font porch runs the length on the home, and the home sits on a nice hill. Fully fenced yard with both a carport and a detache garage which could be a workshop as there is electricity already run to the Garage. There are 3 bedrooms and 2 full baths. Separate living room and Den.

$169,900

3 beds2 baths— sq ft

4797 Helene St, Memphis, TN 38117

Fresh coat of paint • Brand new roof • Carport

Property at 1433 Dearing Rd, Memphis, TN 38117, 3 beds, 2 baths

$240,000

3 beds2 baths— sq ft

1433 Dearing Rd, Memphis, TN 38117

Property at 4780 Amboy Rd, Memphis, TN 38117, 2 beds, 1.5 baths

$255,000

2 beds1.5 baths— sq ft

4780 Amboy Rd, Memphis, TN 38117

Property at 1044 Kings Park Dr, Memphis, TN 38117, 3 beds, 2 baths

$325,000

3 beds2 baths— sq ft

1044 Kings Park Dr, Memphis, TN 38117

Property at 1269 W Perkins Rd, Memphis, TN 38117, 4 beds, 2 baths

$325,000

4 beds2 baths— sq ft

1269 W Perkins Rd, Memphis, TN 38117

Property at 1118 Perkins Ter, Memphis, TN 38117, 3 beds, 2 baths

$295,000

3 beds2 baths— sq ft

1118 Perkins Ter, Memphis, TN 38117

Property at 4472 Fair Meadow Rd S, Memphis, TN 38117, 3 beds, 2 baths

$279,000

3 beds2 baths— sq ft

4472 Fair Meadow Rd S, Memphis, TN 38117

Property at 1369 Marcia Rd, Memphis, TN 38117, 3 beds, 2 baths

$249,000

3 beds2 baths— sq ft

1369 Marcia Rd, Memphis, TN 38117

Property at 1507 Mt Moriah Rd, Memphis, TN 38117, 3 beds, 1 bath

$159,999

3 beds1 bath— sq ft

1507 Mt Moriah Rd, Memphis, TN 38117

Property at 1168 S Perkins Rd, Memphis, TN 38117, 3 beds, 2 baths

$232,000

3 beds2 baths— sq ft

1168 S Perkins Rd, Memphis, TN 38117

Property at 4614 Perkins Cv, Memphis, TN 38117, 3 beds, 2.5 baths

$285,000

3 beds2.5 baths— sq ft

4614 Perkins Cv, Memphis, TN 38117

Property at 1261 Marcia Rd, Memphis, TN 38117, 3 beds, 1 bath

$204,900

3 beds1 bath— sq ft

1261 Marcia Rd, Memphis, TN 38117

Property at 4861 Verne Rd N, Memphis, TN 38117, 3 beds, 1 bath

$169,900

3 beds1 bath— sq ft

4861 Verne Rd N, Memphis, TN 38117

Property at 4838 Quince Rd, Memphis, TN 38117, 3 beds, 1 bath

$197,000

3 beds1 bath— sq ft

4838 Quince Rd, Memphis, TN 38117

Property at 4828 Marlin Ave, Memphis, TN 38117, 3 beds, 1.5 baths

$227,000

3 beds1.5 baths— sq ft

4828 Marlin Ave, Memphis, TN 38117

Property at 1560 Cranford Dr, Memphis, TN 38117, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

1560 Cranford Dr, Memphis, TN 38117

Property at 4506 Verne Rd, Memphis, TN 38117, 4 beds, 2 baths

$315,000

4 beds2 baths— sq ft

4506 Verne Rd, Memphis, TN 38117

Property at 4850 Flamingo Rd, Memphis, TN 38117, 3 beds, 2 baths

$249,063

3 beds2 baths— sq ft

4850 Flamingo Rd, Memphis, TN 38117

Property at 4944 Mockingbird Ln, Memphis, TN 38117, 3 beds, 1.5 baths

$237,000

3 beds1.5 baths— sq ft

4944 Mockingbird Ln, Memphis, TN 38117

Property at 1597 Marcia Rd, Memphis, TN 38117, 3 beds, 1 bath

$179,999

3 beds1 bath— sq ft

1597 Marcia Rd, Memphis, TN 38117

Property at 4677 Leatherwood Rd, Memphis, TN 38117, 4 beds, 2 baths

$259,000

4 beds2 baths— sq ft

4677 Leatherwood Rd, Memphis, TN 38117

Property at 1263 S Perkins Rd, Memphis, TN 38117, 3 beds, 1 bath

$175,000

3 beds1 bath— sq ft

1263 S Perkins Rd, Memphis, TN 38117

Property at 4474 Cherrydale Rd, Memphis, TN 38117, 4 beds, 2 baths

$335,000

4 beds2 baths— sq ft

4474 Cherrydale Rd, Memphis, TN 38117

Property at 4908 Mockingbird Ln, Memphis, TN 38117, 3 beds, 2.5 baths

$325,000

3 beds2.5 baths— sq ft

4908 Mockingbird Ln, Memphis, TN 38117

Property at 1089 Ivy Rd, Memphis, TN 38117, 3 beds, 2 baths

$254,000

3 beds2 baths— sq ft

1089 Ivy Rd, Memphis, TN 38117

Property at 1485 Ivy Rd, Memphis, TN 38117, 3 beds, 1.5 baths

$175,000

3 beds1.5 baths— sq ft

1485 Ivy Rd, Memphis, TN 38117

Property at 1534 Ivy Rd, Memphis, TN 38117, 3 beds, 2 baths

$225,000

3 beds2 baths— sq ft

1534 Ivy Rd, Memphis, TN 38117

Property at 4921 Alrose Ave, Memphis, TN 38117, 3 beds, 1 bath

$229,900

3 beds1 bath— sq ft

4921 Alrose Ave, Memphis, TN 38117

Property at 1086 Perkins Ter, Memphis, TN 38117, 3 beds, 2 baths

$274,900

3 beds2 baths— sq ft

1086 Perkins Ter, Memphis, TN 38117

Property at 4803 Hummingbird Ln, Memphis, TN 38117, 3 beds, 2 baths

$284,500

3 beds2 baths— sq ft

4803 Hummingbird Ln, Memphis, TN 38117

Property at 4502 Quince Rd, Memphis, TN 38117, 3 beds, 1 bath

$205,000

3 beds1 bath— sq ft

4502 Quince Rd, Memphis, TN 38117

Property at 4576 Amboy Rd, Memphis, TN 38117, 3 beds, 2.5 baths

$300,000

3 beds2.5 baths— sq ft

4576 Amboy Rd, Memphis, TN 38117

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Cheap Homes for Sale in Colonial Acres

There are currently 36 cheap homes for sale in Colonial Acres at a median listing price of $235K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Colonial Acres stay on the market for 77 days and receive 1 offers. Popular neighborhoods include East Memphis, Sea Isle Park, University of Memphis, White Station Shady Grove, and Hickory Hill. This map is refreshed with the newest listings in Colonial Acres every 15 minutes.

In the past month, 5 homes have been sold in Colonial Acres. In addition to houses in Colonial Acres, there was also 1 condo, 1 townhouse, and 0 multi-family units for sale in Colonial Acres last month. Colonial Acres is a minimally walkable neighborhood in Memphis with a Walk Score of 39. Colonial Acres is home to approximately 8,509 people and 3,329 jobs. Find your dream home in Colonial Acres 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 Colonial Acres are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Colonial Acres. If you're looking to sell your home in the Colonial Acres area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Colonial Acres with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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