38109, TN homes for sale & real estate

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5481 Lake Vernell Dr, Memphis, TN 38109
5481 Lake Vernell Dr, Memphis, TN 38109
5481 Lake Vernell Dr, Memphis, TN 38109
ABOUT THIS HOME
38109, TN Homes for Sale
This is 1 of 4 new constructions proposed for Phase VII of the Southern Heights Subdivision. 5481 Lake Vernell will feature 4 bedrooms, 3 & 1-1/2 Baths, loads of space and lake views. See attached Builder Base Package for construction details and buyer selections. Builder requiring Pre-Approval Letter and $5,000 EM will be required with all offers and to be held by Green Law Firm. 5050 Poplar Avenue, Ste. 2416. Memphis, TN 38117.

$405,405

4 beds3.5 baths— sq ft

5481 Lake Vernell Dr, Memphis, TN 38109

0.27 acre lot • $25 HOA • Garage

NEW 30 HRS AGO

4996 E Shore Dr, Memphis, TN 38109
4996 E Shore Dr, Memphis, TN 38109
4996 E Shore Dr, Memphis, TN 38109
ABOUT THIS HOME
38109, TN Homes for Sale
Build your dream near the water! This undeveloped residential lot in the Coro Lake subdivision offers a peaceful setting just 15 minutes from downtown Memphis. Located in an established neighborhood with recent construction nearby, this property is ideal for homeowners or investors looking to secure land in a growing area. It's perfect for a custom home or buy-and-hold strategy. Enjoy the charm of lakeside living with city convenience. Drive by today and envision the possibilities!

$19,999

— beds— baths— sq ft

4996 E Shore Dr, Memphis, TN 38109

0.51 acre lot • Car-dependent

42 W Mallory Ave, Memphis, TN 38109
42 W Mallory Ave, Memphis, TN 38109
42 W Mallory Ave, Memphis, TN 38109
ABOUT THIS HOME
38109, TN Homes for Sale
Property Highlights: Located in the New South Memphis subdivision, this level lot offers a 50 x 150 ft footprint—ideal for a custom home, rental property, or long-term investment. No existing structures on the property—ready for development with utilities at the property. Situated in a residential area with easy access to downtown Memphis. Nearby schools, parks, and local amenities. Lot Size: 7,492 sq ft (0.17 acres) Zoning: Residential Ideal for developers, investors, or first-time buyers. Owner/agent property with rent to own options.

$14,000

— beds— baths— sq ft

42 W Mallory Ave, Memphis, TN 38109

7,405 sq ft lot • Car-dependent

4093 Glenbrook St, Memphis, TN 38109
ABOUT THIS HOME
38109, TN Homes for Sale
Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. PLEASE contact listing agent for more information on this & other active lots

$5,000

— beds— baths— sq ft

4093 Glenbrook St, Memphis, TN 38109

6,969 sq ft lot • Car-dependent

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5137 Tully Rd, Memphis, TN 38109
5137 Tully Rd, Memphis, TN 38109
5137 Tully Rd, Memphis, TN 38109
ABOUT THIS HOME
38109, TN Homes for Sale
Build Your Vision Near Whitehaven & Tunica Highway! Discover nearly half an acre (0.49 acres) of opportunity in Memphis' growing 38109 zip code. Zoned CMU-3, this versatile lot is perfect for mixed-use development, small business, residential, or investment potential. Located just off Hwy 61/Third Street near the Mississippi state line, this property offers easy access to Whitehaven, Graceland, Downtown Memphis, and major transportation routes. Whether you're looking to build a rental, establish a storefront, or hold as a land investment near one of the region’s busiest commercial corridors — this is your chance to own in a rapidly developing area with plenty of upside. Z

$20,000

— beds— baths— sq ft

5137 Tully Rd, Memphis, TN 38109

0.49 acre lot • Car-dependent

Property at 754 Flynn Rd, Memphis, TN 38109

$10,000

— beds— baths— sq ft

754 Flynn Rd, Memphis, TN 38109

Property at 14 W Geeter Rd, Memphis, TN 38109

$14,999

— beds— baths— sq ft

14 W Geeter Rd, Memphis, TN 38109

Property at 3621 S Third St, Memphis, TN 38109

$30,000

— beds— baths— sq ft

3621 S Third St, Memphis, TN 38109

Property at 0 S Third St, Memphis, TN 38109

$45,000

— beds— baths— sq ft

0 S Third St, Memphis, TN 38109

Property at 386 Dixie Ave SW, Memphis, TN 38109

$15,000

— beds— baths— sq ft

386 Dixie Ave SW, Memphis, TN 38109

Property at 1631 Monsarrat St, Memphis, TN 38109

$16,000

— beds— baths— sq ft

1631 Monsarrat St, Memphis, TN 38109

Property at 4501 S Third St, Memphis, TN 38109

$134,000

— beds— baths— sq ft

4501 S Third St, Memphis, TN 38109

Property at 335 W Outer Parkway Dr, Memphis, TN 38109

$5,000

— beds— baths— sq ft

335 W Outer Parkway Dr, Memphis, TN 38109

Property at 129 W Brooks Rd, Memphis, TN 38109

$299,000

— beds— baths— sq ft

129 W Brooks Rd, Memphis, TN 38109

Property at 1497 Kansas St, Memphis, TN 38109

$7,000

— beds— baths— sq ft

1497 Kansas St, Memphis, TN 38109

Property at 0 Riverside Dr, Memphis, TN 38109

$10,900

— beds— baths— sq ft

0 Riverside Dr, Memphis, TN 38109

Property at 342 Fields Ave, Memphis, TN 38109

$10,900

— beds— baths— sq ft

342 Fields Ave, Memphis, TN 38109

Property at 338 Fields Ave, Memphis, TN 38109

$10,900

— beds— baths— sq ft

338 Fields Ave, Memphis, TN 38109

Property at 328 Fields Ave, Memphis, TN 38109

$10,900

— beds— baths— sq ft

328 Fields Ave, Memphis, TN 38109

Property at 5285 Banneker Cv, Memphis, TN 38109

$30,000

— beds— baths— sq ft

5285 Banneker Cv, Memphis, TN 38109

Property at 20 W Davant St W, Memphis, TN 38109

$7,000

— beds— baths— sq ft

20 W Davant St W, Memphis, TN 38109

Property at 3075 Green Rd, Memphis, TN 38109

$4,500

— beds— baths— sq ft

3075 Green Rd, Memphis, TN 38109

Property at 0 Southhill Ave, Memphis, TN 38109

$800,000

— beds— baths— sq ft

0 Southhill Ave, Memphis, TN 38109

Property at 3880 E Levi Rd, Memphis, TN 38109

$800,000

— beds— baths— sq ft

3880 E Levi Rd, Memphis, TN 38109

Property at Twelfth Rd, Memphis, TN 38109

$24,000

— beds— baths— sq ft

Twelfth Rd, Memphis, TN 38109

Property at 58 W Burdock Ave, Memphis, TN 38109

$5,000

— beds— baths— sq ft

58 W Burdock Ave, Memphis, TN 38109

Property at W Shelby Dr, Memphis, TN 38109

$38,000

— beds— baths— sq ft

W Shelby Dr, Memphis, TN 38109

$45,000

— beds— baths— sq ft

1245 W Shelby Dr, Memphis, TN 38109

Property at 761 Nonconnah Rd, Memphis, TN 38109

$12,000

— beds— baths— sq ft

761 Nonconnah Rd, Memphis, TN 38109

Property at Holmes Rd, Memphis, TN 38109

$38,000

— beds— baths— sq ft

Holmes Rd, Memphis, TN 38109

Property at 2240 S Main St S, Memphis, TN 38109

$5,000

— beds— baths— sq ft

2240 S Main St S, Memphis, TN 38109

Property at 674 Delta Rd, Memphis, TN 38109

$12,000

— beds— baths— sq ft

674 Delta Rd, Memphis, TN 38109

Property at 4777 Horn Lake Rd, Memphis, TN 38109

$299,900

— beds— baths— sq ft

4777 Horn Lake Rd, Memphis, TN 38109

Property at 0 Hicks Dr, Memphis, TN 38109

$16,000

— beds— baths— sq ft

0 Hicks Dr, Memphis, TN 38109

Property at 1896 Hicks Dr, Memphis, TN 38109

$13,000

— beds— baths— sq ft

1896 Hicks Dr, Memphis, TN 38109

Property at 1882 Mitchell Ln, Memphis, TN 38109

$10,000

— beds— baths— sq ft

1882 Mitchell Ln, Memphis, TN 38109

Property at 305 Nicolet Dr, Memphis, TN 38109

$49,900

— beds— baths— sq ft

305 Nicolet Dr, Memphis, TN 38109

Property at 248 W Davant Ave W, Memphis, TN 38109

$3,500

— beds— baths— sq ft

248 W Davant Ave W, Memphis, TN 38109

Property at 1872 Rile St, Memphis, TN 38109

$9,000

— beds— baths— sq ft

1872 Rile St, Memphis, TN 38109

Property at 2073 Florida St, Memphis, TN 38109

$10,000

— beds— baths— sq ft

2073 Florida St, Memphis, TN 38109

Property at 284 Modder St, Memphis, TN 38109

$6,000

— beds— baths— sq ft

284 Modder St, Memphis, TN 38109

Viewing page 4 of 5

Average home prices near 38109, TN

Cities

Zip Codes

38109, TN real estate trends

All Home Types trends in 38109, TN

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$107,500

+16.2% YoY | May 2025

1 year
3 year
5 year

Based on Redfin calculations of home data from MLS and/or public records.

Location

Data

May 2025

Growth

% YoY

38109, TN

$107,500

+16.2%

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Based on information submitted to the MLS GRID as of Wed Jul 16 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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