Cheap homes for sale & real estate in 38109, TN

201 homes

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ABOUT THIS HOME
Cheap Home for sale in 38109, TN:
Excellent opportunity to start investing or add to your current portfolio. Have a look

$99,900

3 beds1 bath— sq ft

4509 Double Tree Rd, Memphis, TN 38109

0.33 acre lot • Built 1970 • Listed 95 days

ABOUT THIS HOME
Cheap Home for sale in 38109, TN:
Investor Special! This tenant-occupied property offers 3 bedrooms, 1 bathroom, and a versatile den—perfect for use as an additional bedroom, office, or lounge area. Currently leased at $1,350/month and professionally managed, it's a turnkey addition to any investment portfolio. The lease expires 2/13/2026. Conveniently located just 18 minutes from Downtown Memphis and 17 minutes from Midtown. Please do not disturb the tenants. Contact the listing agent for showings and more information.

$128,900

3 beds1 bath— sq ft

4039 Trevathan Cir, Memphis, TN 38109

5,662 sq ft lot • Built 1962 • Listed 96 days

ABOUT THIS HOME
Cheap Home for sale in 38109, TN:
Investor Alert! This 3 bedroom, 1 bathroom home in Whitehaven has a current tenant with a lease through November 30, 2025. The rent is $825/month with room to increase. Hard surface flooring throughout. * No showings without accepted contract. DO NOT DISTURB TENANT

$87,000

3 beds1 bath— sq ft

70 W Byfield Dr, Memphis, TN 38109

7,405 sq ft lot • Parking • Built 1973

ABOUT THIS HOME
Cheap Home for sale in 38109, TN:
This 3BR / 1 & 1/2 bath home could also be used as a 4 Bedroom home. Roof is less than 3 years old, has Central A/H and new Water Heater installed. Hardwood floors in the living areas, LVP in the kitchen. Renovated in 2022. Has a nice, level back yard that's great for pets, kids playing, family gatherings or quiet times. Less than 10 minutes to downtown Memphis and 10 Minutes to the Memphis Airport/ FedEx. Great location on a quiet street w/ seasoned home owners. Priced to sell. No wholesale offers. owner. agent

$97,500

3 beds1.5 baths— sq ft

171 E Frank Ave, Memphis, TN 38109

Lvp in kitchen • Great location • New water heater

ABOUT THIS HOME
Cheap Home for sale in 38109, TN:
Investors only! Tenant occupied property that would be a great addition to your rental portfolio. Newly-renovated 3/1 that features hardwood floors throughout, refurbished kitchen with tile floors and new countertops, fresh paint, new window blinds, and large fenced in backyard. Currently rented at $950 with a lease that is good until April 2026. This home is professionally managed (lease, ledger, repair history available upon request). Please do not disturb or approach the tenants. No sign in the yard. No wholesalers, no assignments, no creative financing or owner financing.

$98,500

3 beds1 bath— sq ft

646 Western Park Dr, Memphis, TN 38109

Refurbished kitchen • Tile floors • Fresh paint

Property at 949 W Raines Rd, Memphis, TN 38109, 4 beds, 1.5 baths

$99,900

4 beds1.5 baths— sq ft

949 W Raines Rd, Memphis, TN 38109

Property at 4909 Neely Rd, Memphis, TN 38109, 3 beds, 2 baths

$94,900

3 beds2 baths— sq ft

4909 Neely Rd, Memphis, TN 38109

Property at 3420 Forrester Rd, Memphis, TN 38109, 3 beds, 1 bath

$79,900

3 beds1 bath— sq ft

3420 Forrester Rd, Memphis, TN 38109

Property at 581 Gilleas Rd, Memphis, TN 38109, 3 beds, 2 baths

$172,900

3 beds2 baths— sq ft

581 Gilleas Rd, Memphis, TN 38109

Property at 726 Harahan Rd, Memphis, TN 38109, 4 beds, 2 baths

$159,000

4 beds2 baths— sq ft

726 Harahan Rd, Memphis, TN 38109

Property at 4810 Berta Rd, Memphis, TN 38109, 4 beds, 2 baths

$203,900

4 beds2 baths— sq ft

4810 Berta Rd, Memphis, TN 38109

Property at 222 Delta Rd, Memphis, TN 38109, 3 beds, 1 bath

$119,900

3 beds1 bath— sq ft

222 Delta Rd, Memphis, TN 38109

Property at 171 Loraine Rd, Memphis, TN 38109, 3 beds, 1.5 baths

$135,000

3 beds1.5 baths— sq ft

171 Loraine Rd, Memphis, TN 38109

Property at 1852 Swift St, Memphis, TN 38109, 3 beds, 2 baths

$130,000

3 beds2 baths— sq ft

1852 Swift St, Memphis, TN 38109

Property at 26 E Bodley Ave, Memphis, TN 38109, 2 beds, 1 bath

$7,500

2 beds1 bath— sq ft

26 E Bodley Ave, Memphis, TN 38109

Property at 668 Westview Rd, Memphis, TN 38109, 3 beds, 1 bath

$115,000

3 beds1 bath— sq ft

668 Westview Rd, Memphis, TN 38109

Property at 516 E Raines Rd, Memphis, TN 38109, 6 beds, 2.5 baths

$175,000

6 beds2.5 baths— sq ft

516 E Raines Rd, Memphis, TN 38109

Property at 358 Fields Ave, Memphis, TN 38109, 4 beds, 1.5 baths

$49,900

4 beds1.5 baths— sq ft

358 Fields Ave, Memphis, TN 38109

Property at 96 Modder Ave, Memphis, TN 38109, 2 beds, 2 baths

$118,000

2 beds2 baths— sq ft

96 Modder Ave, Memphis, TN 38109

Property at 4826 Peace St, Memphis, TN 38109, 3 beds, 1 bath

$95,000

3 beds1 bath— sq ft

4826 Peace St, Memphis, TN 38109

Property at 1190 Elder Rd, Memphis, TN 38109, 4 beds, 1 bath

$122,500

4 beds1 bath— sq ft

1190 Elder Rd, Memphis, TN 38109

Property at 404 Stoneham Rd, Memphis, TN 38109, 2 beds, 1 bath

$115,000

2 beds1 bath— sq ft

404 Stoneham Rd, Memphis, TN 38109

Property at 4227 Arrow Rd, Memphis, TN 38109, 3 beds, 1 bath

$73,500

3 beds1 bath— sq ft

4227 Arrow Rd, Memphis, TN 38109

Property at 115 E Dempster Ave, Memphis, TN 38109, 4 beds, 1 bath

$39,500

4 beds1 bath— sq ft

115 E Dempster Ave, Memphis, TN 38109

Property at 4005 Sewanee Rd, Memphis, TN 38109, 4 beds, 1 bath

$120,000

4 beds1 bath— sq ft

4005 Sewanee Rd, Memphis, TN 38109

Property at 4269 Tomahawk St, Memphis, TN 38109, 4 beds, 2 baths

$203,900

4 beds2 baths— sq ft

4269 Tomahawk St, Memphis, TN 38109

Property at 468 Braycliff Ave, Memphis, TN 38109, 3 beds, 2 baths

$125,000

3 beds2 baths— sq ft

468 Braycliff Ave, Memphis, TN 38109

Property at 3807 Glenburee Dr, Memphis, TN 38109, 3 beds, 1 bath

$148,000

3 beds1 bath— sq ft

3807 Glenburee Dr, Memphis, TN 38109

Property at 858 Eyers Ave, Memphis, TN 38109, 3 beds, 2 baths

$120,000

3 beds2 baths— sq ft

858 Eyers Ave, Memphis, TN 38109

Property at 245 Kirk Ave, Memphis, TN 38109, 2 beds, 1 bath

$25,000

2 beds1 bath— sq ft

245 Kirk Ave, Memphis, TN 38109

Property at 4374 Ford Rd, Memphis, TN 38109, 3 beds, 1 bath

$109,900

3 beds1 bath— sq ft

4374 Ford Rd, Memphis, TN 38109

Property at 3064 Meadowbrook Dr, Memphis, TN 38109, 2 beds, 1 bath

$47,900

2 beds1 bath— sq ft

3064 Meadowbrook Dr, Memphis, TN 38109

Property at 4264 Double Tree Rd, Memphis, TN 38109, 3 beds, 1 bath

$102,000

3 beds1 bath— sq ft

4264 Double Tree Rd, Memphis, TN 38109

Property at 11 W Rollins Rd, Memphis, TN 38109, 3 beds, 1 bath

$107,000

3 beds1 bath— sq ft

11 W Rollins Rd, Memphis, TN 38109

Property at 253 Silverage Ave, Memphis, TN 38109, 3 beds, 2 baths

$80,000

3 beds2 baths— sq ft

253 Silverage Ave, Memphis, TN 38109

Property at 388 Bonnell Ave, Memphis, TN 38109, 4 beds, 2 baths

$190,500

4 beds2 baths— sq ft

388 Bonnell Ave, Memphis, TN 38109

Property at 113 Pettite Cv, Memphis, TN 38109, 3 beds, 2 baths

$184,800

3 beds2 baths— sq ft

113 Pettite Cv, Memphis, TN 38109

Property at 4710 Hillbrook Rd, Memphis, TN 38109, 4 beds, 2 baths

$149,999

4 beds2 baths— sq ft

4710 Hillbrook Rd, Memphis, TN 38109

Property at 2076 Farrington St, Memphis, TN 38109, 2 beds, 1 bath

$15,000

2 beds1 bath— sq ft

2076 Farrington St, Memphis, TN 38109

Property at 4335 Ford Rd, Memphis, TN 38109, 3 beds, 1 bath

$99,900

3 beds1 bath— sq ft

4335 Ford Rd, Memphis, TN 38109

Property at 79 E Shelby Dr, Memphis, TN 38109, 3 beds, 1 bath

$128,900

3 beds1 bath— sq ft

79 E Shelby Dr, Memphis, TN 38109

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Cheap Homes for Sale in 38109

There are currently 201 cheap homes for sale in 38109 at a median listing price of $115K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38109 stay on the market for 73 days and receive 2 offers. This map is refreshed with the newest listings in 38109 every 15 minutes.

In the past month, 27 homes have been sold in 38109. In addition to houses in 38109, there were also 0 condos, 0 townhouses, and 5 multi-family units for sale in 38109 last month. 38109 is a not walkable zip code in Shelby County with a Walk Score of 21. 38109 is home to approximately 46,902 people and 5,822 jobs. Find your dream home in 38109 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 38109 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38109. If you're looking to sell your home in the 38109 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38109 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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