Cheap homes for sale & real estate in Gragg, TN

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ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Unique Opportunity! Near National, Jackson and Highland Every detail of this home was designed to provide comfort and purpose. With 2 bedrooms and space for a third, this property offers the flexibility any family or entrepreneur needs. Its full remodel, carport and spacious workspace or warehouse make it so much more than a home: is a place to live, create and dream.

$114,900

2 beds1 bath— sq ft

3596 Kendrick Rd, Memphis, TN 38108

7,405 sq ft lot • Parking • Built 1945

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Welcome to 3623 N Lloyd Cir, a charming 3-bedroom, 1-bathroom home offering solid rental income and long-term potential. This well-maintained property is tenant-occupied, currently rented at $1,100 per month, providing instant cash flow for investors from day one. With attractive curb appeal, a practical layout, and strong investment fundamentals, this home is an excellent opportunity for those looking to grow their portfolio or secure a property with built-in income.

$104,900

3 beds1 bath— sq ft

3623 N Lloyd Cir, Memphis, TN 38108

6,098 sq ft lot • Built 1949 • Listed 66 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
This 2 bed 1 bath house is currently rented for $675 per month on a month-to-month basis. This house has potential to increase the rent to be in line with other rentals in the area. This house is part of a package being sold with 1455 Salem and 3570 Mayfair.

$80,000

2 beds1 bath— sq ft

2023 Brighton Rd, Memphis, TN 38128

0.24 acre lot • Built 1950 • Listed 81 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
3506 Kendrick Rd is a charming 2-bedroom, 1-bath Colonial-style home located in the Union Villa subdivision of Memphis. Built in 1950, this single-story property features laminate wood flooring, an eat-in kitchen with washer/dryer connections, and a wall-mounted heating unit. The home includes wood/composite windows and sits on a 7,405 sq ft lot with road frontage. Conveniently located near Jackson Ave and I-40, offering easy access to shopping, parks, and schools. Currently tenant-occupied; showings available after accepted offer. Ideal for first-time buyers or investors seeking a well-positioned property with strong rental potential. Property is offered s part of a package with 1698 Rayne

$57,000

2 beds1 bath— sq ft

3506 Kendrick Rd, Memphis, TN 38108

7,405 sq ft lot • Built 1950 • Listed 107 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Discover 3622 N Lloyd Cir, a 2-bedroom, 1-bathroom home that’s already generating income at $1,100 per month. The current tenant is in place, giving investors a smooth, hassle-free start with instant cash flow. A practical layout and great investment fundamentals, this home is an excellent option for those looking to grow their portfolio or secure a property with built-in income.

$99,900

2 beds1 bath— sq ft

3622 N Lloyd Cir, Memphis, TN 38108

6,098 sq ft lot • Built 1948 • Listed 66 days

Property at 1690 Berkshire Ave, Memphis, TN 38108, 3 beds, 1 bath

$114,900

3 beds1 bath— sq ft

1690 Berkshire Ave, Memphis, TN 38108

Property at 3506 Meyers Rd, Memphis, TN 38108

$29,000

— beds— baths— sq ft

3506 Meyers Rd, Memphis, TN 38108

Property at 0 W Lloyd Cir, Memphis, TN 38108

$9,000

— beds— baths— sq ft

0 W Lloyd Cir, Memphis, TN 38108

Property at 0 Orchi Rd, Memphis, TN 38108

$30,000

— beds— baths— sq ft

0 Orchi Rd, Memphis, TN 38108

$20,000

— beds— baths— sq ft

3550 Orchi Rd, Memphis, TN 38108

Property at 3518 Meyers St, Memphis, TN 38108

$9,000

— beds— baths— sq ft

3518 Meyers St, Memphis, TN 38108

$5,000

— beds— baths— sq ft

0 W Lloyd Cir, Memphis, TN 38108

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ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Welcome to 4202 Reed Ave, a 2-bedroom, 1-bathroom home offering a functional layout and a solid starting point for customization. The home features comfortable living areas and a practical floor plan that provides plenty of opportunity for updates and improvements. Whether you’re a buyer looking to add your personal touch or an investor seeking value-add potential, this property offers flexibility and room to grow. Additionally, the property includes a livable detached unit in the back, offering extra versatility and potential for additional income, guest accommodations, or flexible use. With the right vision, this property can truly be transformed into something special.

$124,900

2 beds1 bath— sq ft

4202 Reed Ave, Memphis, TN 38108

0.23 acre lot • Built 1954 • Listed 2 days

NEW CONSTRUCTION

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
New Construction – completed and move-in ready. This 4-bedroom, 2-bath home offers 1,384 heated sq ft with modern finishes throughout. Available for immediate showings. Contact the listing agent for floor plans and additional details.

$220,000

4 beds2 baths— sq ft

1404 Dayton St, Memphis, TN 38122

7,405 sq ft lot • Built 2025 • Listed 5 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Great investment opportunity or chance to add a unit to your rental portfolio. Property is being sold-as.

$69,900

2 beds1 bath— sq ft

1718 Walter St, Memphis, TN 38108

6,969 sq ft lot • Built 1951 • Listed 8 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38122 area. Cash flowing with a monthly rental amount of $975/month. The lease ends on 8/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

$99,900

3 beds1 bath— sq ft

3655 Townes Ave, Memphis, TN 38122

7,405 sq ft lot • Built 1946 • Listed 9 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
Welcome to your new home! This charming two-bedroom, one-bathroom is perfect for those looking to take their first step toward homeownership. With an extra space that you can convert into anything you want, such as an office or a play area, the possibilities are endless. Imagine relaxing in your comfortable bedrooms, with ceiling fans that add a cozy touch and keep you cool on those hot days. Central air conditioning will ensure you're always comfortable, no matter the season. Everything has been freshly painted, so you can enjoy a fresh, clean environment from day one. The bathrooms have been updated, so you won't have to worry about anything other than moving in and enjoying yourself. Thi

$140,000

2 beds1 bath— sq ft

3678 Mason Ave, Memphis, TN 38122

6,098 sq ft lot • Built 1946 • Listed 29 days

ABOUT THIS HOME
Cheap Home for sale in Gragg, TN:
The One You've Waiting For! Excellent Location-2 HOMES/1 PARCEL-Separately Metered-MAIN HOUSE/ 2 BR 2 Baths- BACK HOUSE/ 2 BR 1 Bath- Complete Renovation-ALL NEW SYSTEMS Electrical/Plumbing/HVAC-NEW WINDOWS-NEW SIDING-NEW KITCHENS/BATHS/FINISHES-SS Appliances Placed Before Closing-Large Fenced Lot w-Circular Driveway-Covered Parking-Steps from Kingsbury Elementary-Perfect for Owner Occupant (Live in Main House/Rent Back House $$$)-Multigenerational Living-Investor/Income Producing Property-SS Appliances placed before Closing-Near Restaurants & Entertainment- A Real Turnkey Property-DON'T MISS THIS ONE!

$264,000

4 beds3 baths— sq ft

4161 Grey Rd, Memphis, TN 38108

0.26 acre lot • Parking • Built 1945

Property at 1455 Salem St, Memphis, TN 38122, 3 beds, 1 bath

$95,000

3 beds1 bath— sq ft

1455 Salem St, Memphis, TN 38122

Property at 3731 Whittier Rd, Memphis, TN 38108, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

3731 Whittier Rd, Memphis, TN 38108

Property at 4134 Leroy Ave, Memphis, TN 38108, 3 beds, 1 bath

$115,000

3 beds1 bath— sq ft

4134 Leroy Ave, Memphis, TN 38108

Property at 3701 Whittier Rd, Memphis, TN 38108, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

3701 Whittier Rd, Memphis, TN 38108

Property at 3758 Longfellow Rd, Memphis, TN 38108, 3 beds, 2 baths

$165,000

3 beds2 baths— sq ft

3758 Longfellow Rd, Memphis, TN 38108

Cheap Homes for Sale in Gragg

There are currently 12 cheap homes for sale in Gragg at a median listing price of $105K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Gragg stay on the market for 68 days. Popular neighborhoods include Jackson, North Memphis, Raleigh, High Point Terrace, and Frayser. This map is refreshed with the newest listings in Gragg every 15 minutes.

In the past month, 2 homes have been sold in Gragg. Find your dream home in Gragg 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 Gragg are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Gragg. If you're looking to sell your home in the Gragg area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Gragg with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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