Cheap homes for sale & real estate in Frayser-Raleigh Pd, TN

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ABOUT THIS HOME
Cheap Home for sale in Frayser-Raleigh Pd, TN:
Excellent investment opportunity! This well-maintained 2-bedroom, 1-bath home is currently tenant-occupied and generating $895/month in rental income, offering immediate cash flow for a new owner. The functional layout features easy-care tile flooring, a bright living area, and an efficient kitchen. Outside, the property includes a large, level yard. HVAC brand new-- August 2025. Conveniently located near shopping, schools, and major thoroughfares, this property is a smart addition to any investment portfolio. Do not disturb tenant. Showings available with accepted offer.

$73,000

2 beds1 bath— sq ft

981 Floyd Ave, Memphis, TN 38127

Tenant occupied • Bright living area • Tile flooring

ABOUT THIS HOME
Cheap Home for sale in Frayser-Raleigh Pd, TN:
Tenant occupied. Do not disturb tenants. Inspection/showing only upon accepted offer. Home was renovated in 2017. Multiple living rooms! Great kitchen. Home is much more spacious than it appears from the street. Nice, level, large backyard.

$125,000

3 beds2 baths— sq ft

1275 Canfield Ave, Memphis, TN 38127

Level large backyard • Renovated in 2017 • 0.38 acre lot

ABOUT THIS HOME
Cheap Home for sale in Frayser-Raleigh Pd, TN:
Excellent Turnkey Investment Opportunity! This beautifully renovated 3 bedroom, 1 bathroom home was fully updated in 2023 and offers true peace of mind for any investor. Major improvements include a brand-new roof, HVAC system, and water heater—ensuring long-term durability and low maintenance costs. Inside, the home features modern and stylish updates throughout, creating an attractive living space for tenants and maximizing rental appeal. With all major systems upgraded and the interior refreshed, this property is completely turnkey and ready to start generating income immediately. Whether you're adding to your portfolio or seeking your first investment, this renovated gem is the pe

$129,900

3 beds1 bath— sq ft

2436 Chattering Ln, Memphis, TN 38127

Modern updates • Water heater • Brand-new roof

ABOUT THIS HOME
Cheap Home for sale in Frayser-Raleigh Pd, TN:
Investor special! This home needs significant work but offers great potential at a great price. Perfect opportunity to renovate, rent, or flip. Cash preferred—bring your contractor and your imagination! Call to schedule showing or for more info today!

$40,000

2 beds1 bath— sq ft

3111 Sunrise St, Memphis, TN 38127

6,969 sq ft lot • Built 1946 • Listed 38 days

ABOUT THIS HOME
Cheap Home for sale in Frayser-Raleigh Pd, TN:
A standout opportunity in a desirable neighborhood! This home shows well and offers a strong foundation for the next owner—whether you’re investing or looking to settle in a community with lasting appeal. Great curb presence, solid layout, and the kind of potential that already feels like value. Definitely one to see! Portfolio Option Available

$124,900

3 beds1 bath— sq ft

3563 England St, Memphis, TN 38127

9,583 sq ft lot • Parking • Built 1959

Property at 3300 Benjestown Rd, Memphis, TN 38127, 3 beds, 1.5 baths

$99,624

3 beds1.5 baths— sq ft

3300 Benjestown Rd, Memphis, TN 38127

Property at 2733 Woodland Hills Cv, Memphis, TN 38127, 2 beds, 2 baths

$125,000

2 beds2 baths— sq ft

2733 Woodland Hills Cv, Memphis, TN 38127

Property at 1910 Whitney Ave, Memphis, TN 38127, 3 beds, 2 baths

$120,684

3 beds2 baths— sq ft

1910 Whitney Ave, Memphis, TN 38127

Property at 4146 University St, Memphis, TN 38127, 3 beds, 1 bath

$98,330

3 beds1 bath— sq ft

4146 University St, Memphis, TN 38127

Property at 2510 Smith Ridge Rd, Memphis, TN 38127, 3 beds, 1 bath

$119,900

3 beds1 bath— sq ft

2510 Smith Ridge Rd, Memphis, TN 38127

Property at 1743 Cleoford Ave, Memphis, TN 38127, 2 beds, 1 bath

$64,900

2 beds1 bath— sq ft

1743 Cleoford Ave, Memphis, TN 38127

Property at 3569 Powers Rd, Memphis, TN 38128, 4 beds, 2.5 baths

$250,000

4 beds2.5 baths— sq ft

3569 Powers Rd, Memphis, TN 38128

Property at 3367 Coachouse Cv #3367, Bartlett, TN 38134, 3 beds, 2.5 baths

$127,500

3 beds2.5 baths— sq ft

3367 Coachouse Cv #3367, Bartlett, TN 38134

Property at 3615 Gowan Dr, Memphis, TN 38127, 3 beds, 1.5 baths

$105,900

3 beds1.5 baths— sq ft

3615 Gowan Dr, Memphis, TN 38127

Property at 3091 Range Line Rd, Memphis, TN 38127, 3 beds, 2.5 baths

$90,000

3 beds2.5 baths— sq ft

3091 Range Line Rd, Memphis, TN 38127

Property at 3644 Sunrise St, Memphis, TN 38127, 3 beds, 2 baths

$145,000

3 beds2 baths— sq ft

3644 Sunrise St, Memphis, TN 38127

Property at 3457 E Rolling Woods Dr, Memphis, TN 38128, 4 beds, 2 baths

$205,000

4 beds2 baths— sq ft

3457 E Rolling Woods Dr, Memphis, TN 38128

Property at 3521 Denver St, Memphis, TN 38127, 3 beds, 1 bath

$76,500

3 beds1 bath— sq ft

3521 Denver St, Memphis, TN 38127

Property at 2986 Spring Hill Dr, Memphis, TN 38127, 3 beds, 2 baths

$158,000

3 beds2 baths— sq ft

2986 Spring Hill Dr, Memphis, TN 38127

Property at 3217 Joslyn St, Memphis, TN 38128, 5 beds, 3 baths

$284,900

5 beds3 baths— sq ft

3217 Joslyn St, Memphis, TN 38128

Property at 1429 Greendale Ave, Memphis, TN 38127, 4 beds, 2 baths

$165,000

4 beds2 baths— sq ft

1429 Greendale Ave, Memphis, TN 38127

Property at 3815 Kipling Ave, Memphis, TN 38128, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

3815 Kipling Ave, Memphis, TN 38128

Property at 1870 Coventry Dr, Memphis, TN 38127, 3 beds, 2 baths

$129,000

3 beds2 baths— sq ft

1870 Coventry Dr, Memphis, TN 38127

Property at 3212 Whitney Ave, Memphis, TN 38128, 6 beds, 3 baths

$299,798

6 beds3 baths— sq ft

3212 Whitney Ave, Memphis, TN 38128

Property at 2762 Overton Crossing Rd, Memphis, TN 38127, 3 beds, 1 bath

$110,000

3 beds1 bath1,359 sq ft

2762 Overton Crossing Rd, Memphis, TN 38127

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 3921 Chelsea Hill Dr, Memphis, TN 38128, 3 beds, 2.5 baths

$186,450

3 beds2.5 baths— sq ft

3921 Chelsea Hill Dr, Memphis, TN 38128

Property at 3255 Amselle Cir Cir, Memphis, TN 38127, 3 beds, 1 bath

$120,000

3 beds1 bath— sq ft

3255 Amselle Cir Cir, Memphis, TN 38127

Property at 2939 Mountain St, Memphis, TN 38127, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

2939 Mountain St, Memphis, TN 38127

Property at 3153 Kirkcaldy Rd, Memphis, TN 38128, 3 beds, 2 baths

$194,900

3 beds2 baths— sq ft

3153 Kirkcaldy Rd, Memphis, TN 38128

Property at 755 Whitney Ave, Memphis, TN 38127, 2 beds, 1 bath

$55,000

2 beds1 bath— sq ft

755 Whitney Ave, Memphis, TN 38127

Property at 4235 Trudy St, Memphis, TN 38128, 3 beds, 1 bath

$160,000

3 beds1 bath— sq ft

4235 Trudy St, Memphis, TN 38128

Property at 3985 Sunset Lake Cv, Memphis, TN 38135, 3 beds, 2 baths

$222,500

3 beds2 baths1,355 sq ft

3985 Sunset Lake Cv, Memphis, TN 38135

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 2807 Alpena Rd, Memphis, TN 38127, 3 beds, 1 bath

$90,000

3 beds1 bath— sq ft

2807 Alpena Rd, Memphis, TN 38127

Property at 5445 Pine Oak Ln, Bartlett, TN 38135, 3 beds, 2.5 baths

$284,900

3 beds2.5 baths— sq ft

5445 Pine Oak Ln, Bartlett, TN 38135

Property at 2869 Dumbarton Oaks Dr, Memphis, TN 38127, 3 beds, 1.5 baths

$162,000

3 beds1.5 baths— sq ft

2869 Dumbarton Oaks Dr, Memphis, TN 38127

Property at 3960 Plymouth Ave, Memphis, TN 38128, 3 beds, 1 bath

$139,900

3 beds1 bath— sq ft

3960 Plymouth Ave, Memphis, TN 38128

Property at 3203 Aden St, Memphis, TN 38127, 3 beds, 1.5 baths

$129,900

3 beds1.5 baths— sq ft

3203 Aden St, Memphis, TN 38127

Property at 2725 Covington Pike Rd, Memphis, TN 38128, 3 beds, 3 baths

$340,000

3 beds3 baths— sq ft

2725 Covington Pike Rd, Memphis, TN 38128

Property at 5139 Steuben Dr, Memphis, TN 38134, 4 beds, 2 baths

$265,900

4 beds2 baths— sq ft

5139 Steuben Dr, Memphis, TN 38134

Property at 3953 Otter Dr, Memphis, TN 38128, 5 beds, 3 baths

$330,000

5 beds3 baths— sq ft

3953 Otter Dr, Memphis, TN 38128

Property at 3646 Overton Crossing Rd, Memphis, TN 38127, 3 beds, 2 baths

$109,000

3 beds2 baths— sq ft

3646 Overton Crossing Rd, Memphis, TN 38127

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Cheap Homes for Sale in Frayser-Raleigh Pd

There are currently 390 cheap homes for sale in Frayser-Raleigh Pd at a median listing price of $120K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Frayser-Raleigh Pd stay on the market for 79 days. Popular neighborhoods include Downtown Memphis, Raleigh, High Point Terrace, Midtown, and Mud Island. This map is refreshed with the newest listings in Frayser-Raleigh Pd every 15 minutes.

In the past month, 50 homes have been sold in Frayser-Raleigh Pd. In addition to houses in Frayser-Raleigh Pd, there were also 8 condos, 5 townhouses, and 6 multi-family units for sale in Frayser-Raleigh Pd last month. Find your dream home in Frayser-Raleigh Pd 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 Frayser-Raleigh Pd are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Frayser-Raleigh Pd. If you're looking to sell your home in the Frayser-Raleigh Pd area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Frayser-Raleigh Pd 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 Sun Dec 21 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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