Cheap homes for sale & real estate in 38106, TN

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ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Welcome to 1386 Richmond Ave! This one-story home offers 4 bedrooms, 2 full baths, and approximately 1,403 square feet of living space. The open floor plan provides a comfortable flow between the main living areas, making the home functional for everyday living and entertaining. A fireplace adds character to the living space, while the parking pad provides convenient off-street parking. Conveniently located in Memphis with access to nearby shopping, dining, schools, and major roadways. Schedule your showing today and see the possibilities this home has to offer.

$159,900

4 beds2 baths— sq ft

1386 Richmond Ave, Memphis, TN 38106

Open floor plan • Access to shopping • Parking pad

NEW 20 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Calling All Investors!! Seller offering $3500 buyer credit for closing costs and pre-pays. Don't miss this excellent opportunity to own a newly constructed investment property with an established tenant already in place. The tenant is currently under a 12-month lease at $1.500 per month, providing immediate rental income. This well-appointed home features 3 bedrooms, 2 full bathrooms, and an open-concept floor plan. The kitchen comes complete with appliances, making it move-in ready. Conveniently located just minutes from the Stax Museum of American Soul Music and LeMoyne-Owen College, this property offers strong rental appeal in a growing area. Start generating income from day one with th

$165,000

3 beds2 baths— sq ft

1374 Dow Pl, Memphis, TN 38106

Established tenant • Strong rental appeal • 3,049 sq ft lot

$50,000

3 beds1 bath— sq ft

827 E Dempster Ave, Memphis, TN 38106

7,840 sq ft lot • Built 1950 • Listed 4 days

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
INVESTOR SPECIALS. .. .. .DRIVE BY ONLY. .. TENANT OCCUPIED. .. DO NOT DISTURB TENANT. .. THIS IS A VERY NICE 3-BEDROOM 2.5-BATH HOME. INCOME PRODUCING PROPERTY. FINANCIALS WILL BE PROVIDED UPON OFFERS RECEIVED.

$80,000

3 beds2.5 baths— sq ft

1829 Benning St, Memphis, TN 38106

2 parking spots • Built 1948 • Listed 3 days

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Welcome home to this charming 3-bedroom, 2-bathroom gem nestled in a highly desirable, historic neighborhood. Combining classic character with modern convenience, the home features beautiful, gleaming hardwood floors throughout and a dedicated, spacious laundry room, pantry. Enjoy the perfect balance of vintage neighborhood charm and community pride, complete with peace of mind and a very active HOA. Home is being sold in its current condition so the buyer can put their own stamp on it.

$130,000

3 beds2 baths— sq ft

1616 Kendale Ave, Memphis, TN 38106

7,405 sq ft lot • Built 1922

Property at 550 S Parkway Ave E, Memphis, TN 38106, 4 beds, 1 bath

$140,000

4 beds1 bath— sq ft

550 S Parkway Ave E, Memphis, TN 38106

Property at 1189 Azalia St N, Memphis, TN 38106, 4 beds, 1 bath

$80,000

4 beds1 bath— sq ft

1189 Azalia St N, Memphis, TN 38106

Property at 1410 Gold Ave, Memphis, TN 38106, 3 beds, 2 baths

$79,000

3 beds2 baths— sq ft

1410 Gold Ave, Memphis, TN 38106

Property at 1006 Wichita Ave, Memphis, TN 38106, 2 beds, 1.5 baths

$60,000

2 beds1.5 baths— sq ft

1006 Wichita Ave, Memphis, TN 38106

Property at 2430 Warren St, Memphis, TN 38106, 3 beds, 2 baths

$150,000

3 beds2 baths— sq ft

2430 Warren St, Memphis, TN 38106

Property at 688 E Mckellar Ave, Memphis, TN 38106, 3 beds, 1.5 baths

$60,000

3 beds1.5 baths— sq ft

688 E Mckellar Ave, Memphis, TN 38106

Property at 1551 Cane Rd, Memphis, TN 38106, 4 beds, 2 baths

$130,000

4 beds2 baths— sq ft

1551 Cane Rd, Memphis, TN 38106

Property at 511 Cambridge Ave, Memphis, TN 38106, 3 beds, 2 baths

$59,900

3 beds2 baths— sq ft

511 Cambridge Ave, Memphis, TN 38106

Property at 538 E Mckellar Ave, Memphis, TN 38106, 3 beds, 2 baths

$89,900

3 beds2 baths— sq ft

538 E Mckellar Ave, Memphis, TN 38106

Property at 1135 Ryder Ave, Memphis, TN 38106, 3 beds, 2 baths

$79,900

3 beds2 baths— sq ft

1135 Ryder Ave, Memphis, TN 38106

Property at 1177 Melrose St, Memphis, TN 38106, 3 beds, 1 bath

$26,000

3 beds1 bath— sq ft

1177 Melrose St, Memphis, TN 38106

Property at 849 E Gage Ave, Memphis, TN 38106, 3 beds, 1 bath

$60,000

3 beds1 bath— sq ft

849 E Gage Ave, Memphis, TN 38106

Property at 615 E Mallory Ave, Memphis, TN 38106, 3 beds, 2 baths

$135,000

3 beds2 baths— sq ft

615 E Mallory Ave, Memphis, TN 38106

Property at 1404 Preston St, Memphis, TN 38106, 2 beds, 1 bath

$27,850

2 beds1 bath— sq ft

1404 Preston St, Memphis, TN 38106

Property at 1598 E Mclemore Ave, Memphis, TN 38106, 5 beds, 2 baths

$230,000

5 beds2 baths— sq ft

1598 E Mclemore Ave, Memphis, TN 38106

Property at 828 E Dempster Ave, Memphis, TN 38106, 3 beds, 2 baths

$60,000

3 beds2 baths— sq ft

828 E Dempster Ave, Memphis, TN 38106

Property at 258 Cambridge Ave, Memphis, TN 38106, 4 beds, 1 bath

$14,900

4 beds1 bath— sq ft

258 Cambridge Ave, Memphis, TN 38106

Property at 1481 Oaklawn St, Memphis, TN 38114, 4 beds, 2 baths

$124,900

4 beds2 baths— sq ft

1481 Oaklawn St, Memphis, TN 38114

Property at 2405 Silver St, Memphis, TN 38106, 3 beds, 1 bath

$80,000

3 beds1 bath— sq ft

2405 Silver St, Memphis, TN 38106

Property at 1196 Willie Mitchell Blvd, Memphis, TN 38106, 3 beds, 2 baths

$115,000

3 beds2 baths— sq ft

1196 Willie Mitchell Blvd, Memphis, TN 38106

Property at 790 Richmond Ave, Memphis, TN 38106, 3 beds, 2 baths

$50,000

3 beds2 baths— sq ft

790 Richmond Ave, Memphis, TN 38106

Property at 1827 Wellington St, Memphis, TN 38106, 2 beds, 1 bath

$65,000

2 beds1 bath— sq ft

1827 Wellington St, Memphis, TN 38106

Property at 1862 Shadowlawn Blvd, Memphis, TN 38106, 2 beds, 1 bath

$75,000

2 beds1 bath— sq ft

1862 Shadowlawn Blvd, Memphis, TN 38106

Property at 1410 Kerr Ave, Memphis, TN 38106, 4 beds, 2 baths

$119,000

4 beds2 baths— sq ft

1410 Kerr Ave, Memphis, TN 38106

Property at 417 E Olive Ave, Memphis, TN 38106, 3 beds, 1 bath

$39,900

3 beds1 bath— sq ft

417 E Olive Ave, Memphis, TN 38106

Property at 1556 Cane Ave, Memphis, TN 38106, 2 beds, 2 baths

$74,500

2 beds2 baths— sq ft

1556 Cane Ave, Memphis, TN 38106

Property at 1336 Kentucky St, Memphis, TN 38106, 4 beds, 2 baths

$99,000

4 beds2 baths— sq ft

1336 Kentucky St, Memphis, TN 38106

Property at 1184 Saxon Ave, Memphis, TN 38106, 2 beds, 1 bath

$75,000

2 beds1 bath— sq ft

1184 Saxon Ave, Memphis, TN 38106

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

$75,000

3 beds1 bath— sq ft

1371 S Parkway St E, Memphis, TN 38106

Property at 1899 Wynton St, Memphis, TN 38106, 3 beds, 1 bath

$80,000

3 beds1 bath— sq ft

1899 Wynton St, Memphis, TN 38106

Property at 1459 Eloise Rd, Memphis, TN 38106, 3 beds, 1 bath

$37,500

3 beds1 bath— sq ft

1459 Eloise Rd, Memphis, TN 38106

Property at 831 Alice Ave, Memphis, TN 38106, 2 beds, 1 bath

$88,500

2 beds1 bath— sq ft

831 Alice Ave, Memphis, TN 38106

Property at 439 S Parkway Ave, Memphis, TN 38106, 3 beds, 1 bath

$99,500

3 beds1 bath— sq ft

439 S Parkway Ave, Memphis, TN 38106

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

$25,000

2 beds1 bath— sq ft

1385 Eloise Rd, Memphis, TN 38106

Property at 778 Bullington Ave, Memphis, TN 38106, 4 beds, 2 baths

$110,000

4 beds2 baths— sq ft

778 Bullington Ave, Memphis, TN 38106

Property at 720 Lucille Ave, Memphis, TN 38106, 4 beds, 2.5 baths

$40,900

4 beds2.5 baths— sq ft

720 Lucille Ave, Memphis, TN 38106

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Cheap Homes for Sale in 38106

There are currently 206 cheap homes for sale in 38106 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 38106 stay on the market for 84 days. This map is refreshed with the newest listings in 38106 every 15 minutes.

In the past month, 24 homes have been sold in 38106. In addition to houses in 38106, there was also 1 condo, 0 townhouses, and 12 multi-family units for sale in 38106 last month. 38106 is a minimally walkable zip code in Tennessee with a Walk Score of 37. 38106 is home to approximately 26,937 people and 7,609 jobs. Find your dream home in 38106 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 38106 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38106. If you're looking to sell your home in the 38106 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38106 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 Oct 03 2026. 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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