Cheap homes for sale & real estate in Raleigh, TN

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NEW 25 HRS AGOVIDEO TOUR

ABOUT THIS HOME
Cheap Home for sale in Raleigh, TN:
Take a look at this investment opportunity. Tenant occupied. Please don't disturb the tenant. Offer subject to inspection. Current rent is $975.00 lease ends in February 2026. Investors look at your opportunity to add to your invest portfolio or become a new investor. This could be a possible owner occupied property with tenant lease ending February. Great 3 bedrooms 2 full bathrooms and one half bathroom. Kitchen , living room, with dining area. Refrigerator, stove/oven, washer & dryer don't stay with the property. Owner did some renovations 3 to 4 years ago- new carpet, lament wood flooring, painting, open pass through window in Kitchen, update bathroom vanities. Call with any quest

$105,000

3 beds2.5 baths— sq ft

1845 Quail Valley Dr #1845, Memphis, TN 38134

New carpet • Renovations • $185 HOA

NEW 27 HRS AGO3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Raleigh, TN:
Investment opportunity. Close to Nike and Amazon. New updates include electrical, and systems, new flooring, new roof. Two-Car garage. Large storage area. Storage shed in the back. Two larger bedrooms upstairs and two bedrooms downstairs. Call listing agent for more information.

$135,000

4 beds2 baths— sq ft

3131 Peggy Rd, Memphis, TN 38128

Large storage area • New flooring • Storage shed

HOT HOME

ABOUT THIS HOME
Cheap Home for sale in Raleigh, TN:
Will not qualify for most loans. Selling as-is!! Good house for FHA 203K Rehab loan. No regular FHA, VA or conventional loans. Great opportunity for a wonderful family home or excellent rental home. Large home with formal living and dining room, eat in kitchen, den and 1 bedroom down plus 3 up with a 2 car carport and much more. Can be a beautiful home. Call Listing Agent for more info or to show.

$190,000

4 beds2 baths— sq ft

4841 Olds Ave, Memphis, TN 38128

0.23 acre lot • 2 parking spots • Built 1964

FOR SALE BY OWNER

ABOUT THIS HOME
Cheap Home for sale in Raleigh, TN:
Spacious 1,800 sq ft. corner unit Condo 3 beds/3 baths + office with loft that could be a 4th bedroom, 3 level floors house, 2 car garage, 20 feet high ceilings, real wood fireplace , all appliances included . Master bathroom has a walk in jacuzzi . New floors, newly painted with wainscoting details. Price : 115,000 CASH only sale. Secluded community in Raleigh Memphis Tennessee 38128

$115,000

3 beds2.5 baths1,800 sq ft

3625 Beechollow Dr, Memphis, TN 38128

New floors • Office with loft • Real wood fireplace

NEW 29 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Raleigh, TN:
New construction in the Raleigh–Frayser area. This full brick home is well built and includes several thoughtful upgrades. The property features energy-efficient insulation, luxury vinyl plank flooring downstairs, and quartz countertops, with oil rubbed bronzed colored faucets in both the kitchen and bathrooms. The kitchen also offers wood cabinets with soft-close doors and drawers, stainless steel appliances, and wood shelving instead of wire shelving. The living room includes a gas fireplace, and each room has ceiling fans along with LED recessed lighting for a bright, comfortable feel. Out back, a covered porch provides a nice place to relax or grill. This home offers solid constru

$265,000

4 beds2.5 baths— sq ft

4394 Oaks Royal Dr, Memphis, TN 38128

Quartz countertops • Soft close doors • 6,534 sq ft lot

Property at 3287 Leschallas Dr, Memphis, TN 38128, 4 beds, 2.5 baths

$154,901

4 beds2.5 baths— sq ft

3287 Leschallas Dr, Memphis, TN 38128

Property at 3480 Tallyho Rd, Memphis, TN 38128, 4 beds, 2 baths

$179,000

4 beds2 baths— sq ft

3480 Tallyho Rd, Memphis, TN 38128

Property at 4386 Oaks Royal Dr, Memphis, TN 38128, 4 beds, 2.5 baths

$265,000

4 beds2.5 baths— sq ft

4386 Oaks Royal Dr, Memphis, TN 38128

Property at 5136 Rolling Fields Dr, Memphis, TN 38134, 3 beds, 1.5 baths

$219,900

3 beds1.5 baths— sq ft

5136 Rolling Fields Dr, Memphis, TN 38134

Property at 3204 Ruskin Rd, Memphis, TN 38134, 3 beds, 2 baths

$254,000

3 beds2 baths— sq ft

3204 Ruskin Rd, Memphis, TN 38134

Property at 3965 Plymouth Ave, Memphis, TN 38128, 3 beds, 1.5 baths

$109,900

3 beds1.5 baths— sq ft

3965 Plymouth Ave, Memphis, TN 38128

Property at 4401 Guildhall Dr, Memphis, TN 38128, 4 beds, 2 baths

$150,000

4 beds2 baths— sq ft

4401 Guildhall Dr, Memphis, TN 38128

Property at 3263 Glen Logan Dr, Memphis, TN 38134, 4 beds, 2 baths

$240,000

4 beds2 baths— sq ft

3263 Glen Logan Dr, Memphis, TN 38134

Property at 3418 Elk Point Dr, Memphis, TN 38128, 3 beds, 1 bath

$100,000

3 beds1 bath— sq ft

3418 Elk Point Dr, Memphis, TN 38128

Property at 3589 Covington Pike #124, Memphis, TN 38128, 2 beds, 2 baths

$115,000

2 beds2 baths— sq ft

3589 Covington Pike #124, Memphis, TN 38128

Property at 3844 Kerfield Dr, Memphis, TN 38128, 4 beds, 2.5 baths

$149,000

4 beds2.5 baths— sq ft

3844 Kerfield Dr, Memphis, TN 38128

Property at 2947 Clearwood Rd, Memphis, TN 38134, 4 beds, 2 baths

$224,900

4 beds2 baths— sq ft

2947 Clearwood Rd, Memphis, TN 38134

Property at 4390 Oaks Royal Dr, Memphis, TN 38128, 4 beds, 2.5 baths

$265,900

4 beds2.5 baths— sq ft

4390 Oaks Royal Dr, Memphis, TN 38128

Property at 3634 Raleigh Millington Rd, Memphis, TN 38128, 3 beds, 1.5 baths

$125,000

3 beds1.5 baths2,365 sq ft

3634 Raleigh Millington Rd, Memphis, TN 38128

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 3620 Archwood Dr, Memphis, TN 38128, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

3620 Archwood Dr, Memphis, TN 38128

Property at 3442 Wythe Rd, Memphis, TN 38134, 4 beds, 3 baths

$225,000

4 beds3 baths— sq ft

3442 Wythe Rd, Memphis, TN 38134

Property at 3592 Epping Hills Cv, Memphis, TN 38128, 4 beds, 3 baths

$369,900

4 beds3 baths— sq ft

3592 Epping Hills Cv, Memphis, TN 38128

Property at 2879 Bannockburn Rd, Memphis, TN 38128, 3 beds, 2 baths

$195,900

3 beds2 baths— sq ft

2879 Bannockburn Rd, Memphis, TN 38128

Property at 2830 Suesand Dr, Memphis, TN 38128, 4 beds, 2 baths

$179,500

4 beds2 baths— sq ft

2830 Suesand Dr, Memphis, TN 38128

Property at 3877 Kipling Ave, Memphis, TN 38128, 3 beds, 1.5 baths

$99,950

3 beds1.5 baths— sq ft

3877 Kipling Ave, Memphis, TN 38128

Property at 4669 Christyshire Dr, Memphis, TN 38128, 3 beds, 2.5 baths

$145,000

3 beds2.5 baths— sq ft

4669 Christyshire Dr, Memphis, TN 38128

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

$255,000

4 beds2.5 baths— sq ft

3569 Powers Rd, Memphis, TN 38128

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 3837 Tessland Rd, Memphis, TN 38128, 3 beds, 1 bath

$123,000

3 beds1 bath— sq ft

3837 Tessland Rd, Memphis, TN 38128

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

$289,900

5 beds3 baths— sq ft

3217 Joslyn St, Memphis, TN 38128

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

$175,000

3 beds2 baths— sq ft

3815 Kipling Ave, Memphis, TN 38128

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

$204,900

3 beds2 baths— sq ft

3153 Kirkcaldy Rd, Memphis, TN 38128

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 3312 Allencrest Cv, Memphis, TN 38128, 3 beds, 2 baths

$125,000

3 beds2 baths— sq ft

3312 Allencrest Cv, Memphis, TN 38128

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

$350,000

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 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 3090 Taransay Rd #20, Memphis, TN 38128, 3 beds, 2.5 baths

$115,000

3 beds2.5 baths— sq ft

3090 Taransay Rd #20, Memphis, TN 38128

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Cheap Homes for Sale in Raleigh

There are currently 160 cheap homes for sale in Raleigh at a median listing price of $182K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Raleigh stay on the market for 60 days. Popular neighborhoods include Jackson, East Memphis, High Point Terrace, Midtown, and Cordova. This map is refreshed with the newest listings in Raleigh every 15 minutes.

In the past month, 31 homes have been sold in Raleigh. In addition to houses in Raleigh, there were also 7 condos, 3 townhouses, and 1 multi-family unit for sale in Raleigh last month. Find your dream home in Raleigh 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 Raleigh are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Raleigh. If you're looking to sell your home in the Raleigh area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Raleigh 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 Fri Nov 28 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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