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 your new home with a little tlc this could be yours. Investors are welcome. Close to downtown Memphis. Five minutes from the expressway. With the opportunity to grow in an expanding neighborhood. don't miss out on this amazing chance. It won't last long.

$57,250

2 beds1 bath— sq ft

1509 Ragan St S, Memphis, TN 38106

0.33 acre lot • 2 parking spots • Built 1952

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Perfect home for first time buyer and/or add to your portfolio for investment…. home being sold as is. 3 bedrooms/1 bath. Tenant occupied/Drive by only/do not disturb tenant

$75,000

3 beds1 bath— sq ft

1336 James Dr, Memphis, TN 38106

3,920 sq ft lot • Built 1958 • Listed 6 days

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
One owner home, a diamond in the rough, mostly hardwood flooring will need major rehab, over 3000 sq ft

$142,700

5 beds2.5 baths— sq ft

1443 S Parkway Ave E, Memphis, TN 38106

8,712 sq ft lot • Garage • Built 1971

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Fully renovated income producing property. There are 4 units that are all currently occupied. The 2BR/1BA is $785/month. The other 1BR/1BA units are $750/month. All units have been updated with new floors, fresh paint, new appliances, updated electrical and updated sewer to the street. New roof on the building. No showings without accepted offer. Write an offer contingent on viewing/inspections. Please do not disturb tenants.

$275,000

5 beds— baths— sq ft

1199 Latham St, Memphis, TN 38106

Fully renovated • Updated electrical • Updated sewer

ABOUT THIS HOME
Cheap Home for sale in 38106, TN:
Solid brick mid-century ranch on deep lot in convenient location - minutes to downtown, I-55, and airport. Classic straightforward floorplan with 3BD, 1BA, living room, and eat-in kitchen. Exterior has a clean design with brick siding, simple gable roof, and mature shade tree; front porch overlooks the front yard and is ready for landscaping pop. Nice, large backyard. Great bones, ready for a full turnaround. AS IS. No assignments. Run your numbers and take a look at this great opportunity. New construction currently going up on the vacant lot next door.

$50,000

3 beds1 bath— sq ft

2436 Sparks St, Memphis, TN 38106

Brick siding • Deep lot • Living room

Property at 1373 Mcmillan St, Memphis, TN 38106, 4 beds, 3 baths

$30,000

4 beds3 baths— sq ft

1373 Mcmillan St, Memphis, TN 38106

Property at 1414 Horace St, Memphis, TN 38106, 3 beds, 1.5 baths

$45,000

3 beds1.5 baths— sq ft

1414 Horace St, Memphis, TN 38106

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

$94,000

3 beds2 baths— sq ft

790 E Mallory Ave, Memphis, TN 38106

Property at 1278 Edith Ave, Memphis, TN 38106, 4 beds, 2 baths

$149,900

4 beds2 baths— sq ft

1278 Edith Ave, Memphis, TN 38106

Property at 1373 South Ave, Memphis, TN 38106, 4 beds, 2 baths

$44,900

4 beds2 baths1,116 sq ft

1373 South Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 1330 S Parkway Ave E, Memphis, TN 38106, 3 beds, 2 baths

$89,000

3 beds2 baths— sq ft

1330 S Parkway Ave E, Memphis, TN 38106

Property at 1380 Gill Ave, Memphis, TN 38106, 3 beds, 2 baths

$140,000

3 beds2 baths— sq ft

1380 Gill Ave, Memphis, TN 38106

Property at 306 S Parkway Ave E, Memphis, TN 38106, 4 beds, 2.5 baths

$140,000

4 beds2.5 baths— sq ft

306 S Parkway Ave E, Memphis, TN 38106

Property at 1131 Rozelle St, Memphis, TN 38106, 3 beds, 2 baths

$154,900

3 beds2 baths— sq ft

1131 Rozelle St, Memphis, TN 38106

Property at 1380 S Orleans St, Memphis, TN 38106, 3 beds, 2.5 baths

$210,000

3 beds2.5 baths— sq ft

1380 S Orleans St, Memphis, TN 38106

Property at 830 Alida Ave, Memphis, TN 38106, 3 beds, 1 bath

$45,000

3 beds1 bath— sq ft

830 Alida Ave, Memphis, TN 38106

Property at 1562 Preston St, Memphis, TN 38107, 4 beds, 1.5 baths

$17,500

4 beds1.5 baths1,448 sq ft

1562 Preston St, Memphis, TN 38107

Property at 732 E Davant Ave, Memphis, TN 38106, 3 beds, 1.5 baths

$107,500

3 beds1.5 baths— sq ft

732 E Davant Ave, Memphis, TN 38106

Property at 111 Lucy Ave, Memphis, TN 38106, 2 beds, 2 baths

$77,000

2 beds2 baths— sq ft

111 Lucy Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 97 Lucy Ave, Memphis, TN 38106, 2 beds, 2 baths

$77,000

2 beds2 baths— sq ft

97 Lucy Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 123 Lucy Ave, Memphis, TN 38106, 2 beds, 2 baths

$77,000

2 beds2 baths— sq ft

123 Lucy Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 103 Lucy Ave, Memphis, TN 38106, 2 beds, 2 baths

$77,000

2 beds2 baths— sq ft

103 Lucy Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 119 Lucy Ave, Memphis, TN 38106, 2 beds, 2 baths

$77,000

2 beds2 baths— sq ft

119 Lucy Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 1490 Lockhaven Ave, Memphis, TN 38106, 4 beds, 2.5 baths

$79,900

4 beds2.5 baths— sq ft

1490 Lockhaven Ave, Memphis, TN 38106

Property at 888 Stafford Ave, Memphis, TN 38106, 4 beds, 2 baths

$29,900

4 beds2 baths2,751 sq ft

888 Stafford Ave, Memphis, TN 38106

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 1249 Marksman St, Memphis, TN 38106, 3 beds, 2 baths

$179,900

3 beds2 baths— sq ft

1249 Marksman St, Memphis, TN 38106

Property at 1428 Eloise Rd, Memphis, TN 38106, 2 beds, 1 bath

$67,500

2 beds1 bath— sq ft

1428 Eloise Rd, Memphis, TN 38106

Property at 1599 Miller St, Memphis, TN 38106, 3 beds, 2 baths

$45,000

3 beds2 baths— sq ft

1599 Miller St, Memphis, TN 38106

Property at 1181 Krayer St, Memphis, TN 38106, 3 beds, 1 bath

$26,000

3 beds1 bath— sq ft

1181 Krayer St, Memphis, TN 38106

Property at 1493 Oaklawn St, Memphis, TN 38114, 3 beds, 2 baths

$75,000

3 beds2 baths— sq ft

1493 Oaklawn St, Memphis, TN 38114

Property at 1346 Mcmillan St, Memphis, TN 38106, 2 beds, 1 bath

$99,900

2 beds1 bath— sq ft

1346 Mcmillan St, Memphis, TN 38106

Property at 1245 Quinn Ave, Memphis, TN 38106, 5 beds, 2.5 baths

$125,000

5 beds2.5 baths— sq ft

1245 Quinn Ave, Memphis, TN 38106

Property at 1086 S Bellevue Blvd, Memphis, TN 38106, 4 beds

$225,000

4 beds— baths— sq ft

1086 S Bellevue Blvd, Memphis, TN 38106

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 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 1338 Dunnavant St, Memphis, TN 38106, 2 beds, 1 bath

$59,900

2 beds1 bath— sq ft

1338 Dunnavant St, 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 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

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Cheap Homes for Sale in 38106

There are currently 174 cheap homes for sale in 38106 at a median listing price of $82.45K. 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 89 days. This map is refreshed with the newest listings in 38106 every 15 minutes.

In the past month, 19 homes have been sold in 38106. In addition to houses in 38106, there was also 1 condo, 0 townhouses, and 9 multi-family units for sale in 38106 last month. 38106 is a minimally walkable zip code in Shelby County 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 Thu Nov 27 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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