Cheap homes for sale & real estate in South Memphis, TN

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ABOUT THIS HOME
Cheap Home for sale in South Memphis, TN:
Step into this freshly renovated 3-bedroom, 2-bath home where every detail has been thoughtfully updated. Featuring brand-new cabinets, modern flooring, and a bright, inviting layout, this home is perfect for those looking for style and comfort. With renovated bathrooms and a fresh, neutral color palette throughout, all that’s left is to move in and make it yours. Investor Bonus: Tenants are currently in place, paying $1,300/month under a newly signed lease offering immediate rental income.

$106,500

3 beds2 baths— sq ft

160 Silverage Ave, Memphis, TN 38109

Brand-new cabinets • Modern flooring • Renovated bathrooms

ABOUT THIS HOME
Cheap Home for sale in South Memphis, TN:
Property is being sold as is-where is. Cash only.

$26,000

3 beds1 bath— sq ft

1181 Krayer St, Memphis, TN 38106

4,791 sq ft lot • Built 1927 • Listed 41 days

ABOUT THIS HOME
Cheap Home for sale in South Memphis, TN:
This charming 3 bedroom 2 bathroom home is just minutes away from the interstate, and located near multiple parks. The seller just completed some recent improvements in October 2025 (new paint, new flooring, upgrades to the kitchen, etc). ONLINE VIDEO AVAILABLE UPON REQUEST. Home needs further repairs/improvements but could be worth a lot of money once fully rehabbed. This could be a great primary residence or investment property. Cash offers only! No wholesalers, no assignments, no owner financing or creative financing. Please do all inspections up front.

$75,000

3 beds2 baths— sq ft

1493 Oaklawn St, Memphis, TN 38114

Recent improvements • 7,405 sq ft lot • Built 1958

ABOUT THIS HOME
Cheap Home for sale in South Memphis, TN:
Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $855 per month and is on a lease from 10/01/2025 - 09/30/2026. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

$99,900

2 beds1 bath— sq ft

1346 Mcmillan St, Memphis, TN 38106

9,583 sq ft lot • Built 1947 • Listed 43 days

ABOUT THIS HOME
Cheap Home for sale in South Memphis, TN:
Full of character and potential, this 1948 home is ready to be brought back to life! With 4 bedrooms, 2.5 baths, original hardwood floors, and the charm of classic craftsmanship, it’s the perfect canvas for your renovation vision. The finished basement with half bath adds bonus space and endless possibilities. Whether you’re dreaming of restoring its vintage beauty or creating a modern showplace, this solid home offers great bones and timeless appeal. Located in an established Memphis neighborhood, this is your chance to design the home you’ve always wanted—exactly your way!

$125,000

5 beds2.5 baths— sq ft

1245 Quinn Ave, Memphis, TN 38106

5,227 sq ft lot • Built 1948 • Listed 44 days

Property at 2381 Lindbergh Rd, Memphis, TN 38114, 3 beds, 1 bath

$70,000

3 beds1 bath— sq ft

2381 Lindbergh Rd, Memphis, TN 38114

Property at 1652 Victor St, Memphis, TN 38106, 2 beds, 1 bath

$97,500

2 beds1 bath— sq ft

1652 Victor St, Memphis, TN 38106

Property at 1345 Gold Ave, Memphis, TN 38106, 4 beds, 2 baths

$75,000

4 beds2 baths— sq ft

1345 Gold Ave, Memphis, TN 38106

Property at 1086 E Trigg Ave, Memphis, TN 38106, 3 beds, 1 bath

$75,000

3 beds1 bath— sq ft

1086 E Trigg Ave, Memphis, TN 38106

Property at 190 E Fernwood Ave E, Memphis, TN 38109, 3 beds, 1 bath

$134,900

3 beds1 bath— sq ft

190 E Fernwood Ave E, Memphis, TN 38109

Property at 247 Modder Ave, Memphis, TN 38109, 3 beds, 1 bath

$108,000

3 beds1 bath— sq ft

247 Modder Ave, Memphis, TN 38109

Property at 698 E Mclemore Ave, Memphis, TN 38106, 4 beds, 2 baths

$84,900

4 beds2 baths— sq ft

698 E Mclemore Ave, Memphis, TN 38106

Property at 1398 Leflore Pl, Memphis, TN 38106, 3 beds, 1 bath

$75,000

3 beds1 bath— sq ft

1398 Leflore Pl, Memphis, TN 38106

Property at 1111 Walker Ave, Memphis, TN 38106, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths— sq ft

1111 Walker Ave, Memphis, TN 38106

Property at 2100 Riverside Blvd, Memphis, TN 38109, 3 beds, 1 bath

$55,000

3 beds1 bath— sq ft

2100 Riverside Blvd, Memphis, TN 38109

Property at 1109 Walker Ave, Memphis, TN 38106, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths— sq ft

1109 Walker Ave, Memphis, TN 38106

Property at 1872 Benning St, Memphis, TN 38106, 2 beds, 1 bath

$115,000

2 beds1 bath— sq ft

1872 Benning St, Memphis, TN 38106

Property at 442 Jacklyn Ave, Memphis, TN 38106, 2 beds, 1 bath

$88,000

2 beds1 bath— sq ft

442 Jacklyn Ave, Memphis, TN 38106

Property at 1535 Gaither St Unit 1-4, Memphis, TN 38106, 4 beds

$275,000

4 beds— baths— sq ft

1535 Gaither St Unit 1-4, Memphis, TN 38106

Property at 672 E Davant Ave E, Memphis, TN 38106, 3 beds, 2 baths

$59,900

3 beds2 baths— sq ft

672 E Davant Ave E, Memphis, TN 38106

Property at 1560 Cane Rd, Memphis, TN 38106, 3 beds, 2 baths

$114,900

3 beds2 baths— sq ft

1560 Cane Rd, Memphis, TN 38106

Property at 123 W Frank St, Memphis, TN 38109, 2 beds, 1 bath

$29,000

2 beds1 bath— sq ft

123 W Frank St, Memphis, TN 38109

Property at 396 Fernwood Ave, Memphis, TN 38106, 2 beds, 1 bath

$54,900

2 beds1 bath— sq ft

396 Fernwood Ave, Memphis, TN 38106

Property at 2149 Wabash Dr, Memphis, TN 38114, 3 beds, 1 bath

$39,100

3 beds1 bath— sq ft

2149 Wabash Dr, Memphis, TN 38114

Property at 1305 Adelaide St, Memphis, TN 38106, 2 beds, 1 bath

$57,750

2 beds1 bath— sq ft

1305 Adelaide St, Memphis, TN 38106

Property at 90 E Trigg Ave, Memphis, TN 38106, 2 beds, 1 bath

$67,250

2 beds1 bath— sq ft

90 E Trigg Ave, Memphis, TN 38106

Property at 1025 S Wellington St, Memphis, TN 38126, 10 beds

$313,895

10 beds— baths— sq ft

1025 S Wellington St, Memphis, TN 38126

Property at 1371 S Parkway St, Memphis, TN 38106, 3 beds, 1 bath

$158,000

3 beds1 bath— sq ft

1371 S Parkway St, Memphis, TN 38106

Property at 1385 Eloise Rd, Memphis, TN 38106, 2 beds, 1 bath

$39,900

2 beds1 bath— sq ft

1385 Eloise Rd, Memphis, TN 38106

Property at 944 Alice Ave, Memphis, TN 38106, 4 beds, 2 baths

$120,000

4 beds2 baths— sq ft

944 Alice Ave, Memphis, TN 38106

Property at 372 Edith Ave, Memphis, TN 38126, 3 beds, 2 baths

$185,000

3 beds2 baths— sq ft

372 Edith Ave, Memphis, TN 38126

Property at 355 Edith Ave, Memphis, TN 38126, 3 beds, 2 baths

$185,000

3 beds2 baths— sq ft

355 Edith Ave, Memphis, TN 38126

Property at 1026 Shawnee Cir, Memphis, TN 38106, 3 beds, 2 baths

$75,000

3 beds2 baths— sq ft

1026 Shawnee Cir, Memphis, TN 38106

Property at 1277 Englewood St, Memphis, TN 38106, 4 beds, 2 baths

$179,900

4 beds2 baths— sq ft

1277 Englewood St, Memphis, TN 38106

Property at 766 E Person Ave, Memphis, TN 38106, 3 beds, 2 baths

$114,900

3 beds2 baths— sq ft

766 E Person Ave, Memphis, TN 38106

Property at 1649 Pillow Rd, Memphis, TN 38106, 1 bed, 1 bath

$60,000

1 bed1 bath— sq ft

1649 Pillow Rd, Memphis, TN 38106

Property at 1839 Orleans St, Memphis, TN 38106, 3 beds, 2 baths

$120,000

3 beds2 baths— sq ft

1839 Orleans St, Memphis, TN 38106

Property at 351 Edith Ave, Memphis, TN 38126, 3 beds, 2 baths

$185,000

3 beds2 baths— sq ft

351 Edith Ave, Memphis, TN 38126

Property at 276 E Alston Ave, Memphis, TN 38126, 2 beds, 1 bath

$85,000

2 beds1 bath— sq ft

276 E Alston Ave, Memphis, TN 38126

Property at 1025 Wichita Ave, Memphis, TN 38106, 6 beds, 4 baths

$115,000

6 beds4 baths— sq ft

1025 Wichita Ave, Memphis, TN 38106

Property at 1826 Norfolk St, Memphis, TN 38106, 4 beds, 2 baths

$189,900

4 beds2 baths— sq ft

1826 Norfolk St, Memphis, TN 38106

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Cheap Homes for Sale in South Memphis

There are currently 237 cheap homes for sale in South Memphis at a median listing price of $85K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in South Memphis stay on the market for 92 days. Popular neighborhoods include Downtown Memphis, Cooper Young, Midtown, Whitehaven, and Mud Island. This map is refreshed with the newest listings in South Memphis every 15 minutes.

In the past month, 22 homes have been sold in South Memphis. In addition to houses in South Memphis, there was also 1 condo, 1 townhouse, and 15 multi-family units for sale in South Memphis last month. Find your dream home in South 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 South Memphis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in South Memphis. If you're looking to sell your home in the South Memphis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in South 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 Sat Nov 29 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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