38109, TN homes for sale & real estate

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ABOUT THIS HOME
38109, TN Homes for Sale
Fantastic investment opportunity in Shelby County. This 3br/1 bath single-family home is in the 38109 area. This investment property is occupied and cash flowing right now. Lease details available upon request. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

$89,900

3 beds1 bath— sq ft

6,969 sq ft lot • Built 1956 • Listed 125 days

3524 Ashford Rd, Memphis, TN 38109

ABOUT THIS HOME
38109, TN Homes for Sale
This property is leased at $1,225 per month through 04/27/2028. Fully renovated 3BR property built for long-term performance and low maintenance. Major upgrades include a new 30-year architectural roof, brand-new 3-ton HVAC system, and new LVP/tile flooring throughout. Kitchen has been completely updated with new cabinets, countertops, sink, and fixtures, while both bathrooms feature new vanities, tubs, tile, and toilets. Additional improvements include new water heater, fresh interior/exterior paint, updated lighting, and smart locks. Clean, functional layout with strong rental appeal and durable finishes designed to maximize returns. Financials available upon request. No wholesalers, ass

$154,900

3 beds2 baths— sq ft

Renovated home • Modernized kitchen • Water heater

4995 Stacey Rd, Memphis, TN 38109

ABOUT THIS HOME
38109, TN Homes for Sale
INVESTORS ONLY!!! Lovely 3bed 1bath Brick home currently rented for $895/mo with covered parking. This could be a great addition to your portfolio. Professionally managed. No sign in yard, please do not disturb tenants. Lease and Ledger available upon request. ONLINE VIDEO AVAILABLE UPON REQUEST. No creative or owner financed offers. No wholesale or assignment.

$95,000

3 beds1 bath— sq ft

0.27 acre lot • Parking • Built 1962

4612 Newton Dr, Memphis, TN 38109

ABOUT THIS HOME
38109, TN Homes for Sale
Tenant-occupied 3BR/1BA home generating $950/month with lease secured through 7/31/2026. Fully renovated in 2023, including a new roof, HVAC, carpet, cabinetry, window fixtures, and more. Professionally managed, tenant ledger and maintenance report available upon request. Please do not disturb tenant.

$98,000

3 beds1 bath— sq ft

Window fixtures • Hvac • Cabinetry

247 Modder Ave, Memphis, TN 38109

ABOUT THIS HOME
38109, TN Homes for Sale
Investor Special! Excellent investment opportunity in Memphis, TN featuring six single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy, offering value-add potential for investors. 125 E McKellar Ave – Vacant and ideal for an investor or owner-occupant. 2319 Shasta, 1511 McMillan, and 635 E Mallory also in portfolio. Portfolio Option: Purchase all six properties together for a total price of $600,000. This package p

$80,000

3 beds1 bath— sq ft

4,791 sq ft lot • Built 1920 • Listed 245 days

132 Majuba St, Memphis, TN 38109

Property at 3447 Cook Rd, Memphis, TN 38109, 3 beds, 1 bath

$118,000

3 beds1 bath— sq ft

3447 Cook Rd, Memphis, TN 38109

Property at 293 Carbon Rd, Memphis, TN 38109, 3 beds, 1 bath

$98,000

3 beds1 bath— sq ft

293 Carbon Rd, Memphis, TN 38109

Property at 3461 Daggett Rd, Memphis, TN 38109, 4 beds, 1 bath

$84,000

4 beds1 bath— sq ft

3461 Daggett Rd, 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 4753 Berta Rd, Memphis, TN 38109, 2 beds, 1 bath

$75,000

2 beds1 bath— sq ft

4753 Berta Rd, Memphis, TN 38109

Property at 1487 Swift St, Memphis, TN 38109, 2 beds, 1 bath

$89,000

2 beds1 bath— sq ft

1487 Swift St, Memphis, TN 38109

Property at 3204 Millwood Rd, Memphis, TN 38109, 2 beds, 1 bath

$63,000

2 beds1 bath— sq ft

3204 Millwood Rd, Memphis, TN 38109

Property at 580 Blackhawk Rd, Memphis, TN 38109, 3 beds, 1 bath

$103,500

3 beds1 bath— sq ft

580 Blackhawk Rd, Memphis, TN 38109

Property at 356 Delta Rd, Memphis, TN 38109, 3 beds, 1 bath

$89,000

3 beds1 bath— sq ft

356 Delta Rd, Memphis, TN 38109

Property at 125 E Mckellar Ave, Memphis, TN 38109, 3 beds, 1 bath

$115,000

3 beds1 bath— sq ft

125 E Mckellar Ave, Memphis, TN 38109

Property at 5 E Byfield Dr, Memphis, TN 38109, 4 beds, 2 baths

$160,000

4 beds2 baths— sq ft

5 E Byfield Dr, Memphis, TN 38109

Property at 3043 Sax Rd, Memphis, TN 38109, 2 beds, 1 bath

$40,000

2 beds1 bath— sq ft

3043 Sax Rd, Memphis, TN 38109

Property at 556 Melton Ave, Memphis, TN 38109, 4 beds, 1.5 baths

$118,000

4 beds1.5 baths— sq ft

556 Melton Ave, Memphis, TN 38109

Property at 396 W Holmes Rd, Memphis, TN 38109, 3 beds, 1 bath

$102,000

3 beds1 bath— sq ft

396 W Holmes Rd, Memphis, TN 38109

Property at 366 Washburn Dr, Memphis, TN 38109, 3 beds, 2 baths

$187,000

3 beds2 baths— sq ft

366 Washburn Dr, Memphis, TN 38109

Property at 3677 Bison St, Memphis, TN 38109, 4 beds, 2 baths

$123,000

4 beds2 baths— sq ft

3677 Bison St, Memphis, TN 38109

Property at 705 Flynn Rd, Memphis, TN 38109, 3 beds, 1 bath

$10,000

3 beds1 bath— sq ft

705 Flynn Rd, Memphis, TN 38109

Property at 1088 Western Park Dr, Memphis, TN 38109, 3 beds, 1 bath

$101,000

3 beds1 bath— sq ft

1088 Western Park Dr, Memphis, TN 38109

Property at 4711 Dalton Rd, Memphis, TN 38109, 2 beds, 1 bath

$98,900

2 beds1 bath— sq ft

4711 Dalton Rd, Memphis, TN 38109

Property at 416 Carbon Cv, Memphis, TN 38109, 3 beds, 1 bath

$109,900

3 beds1 bath— sq ft

416 Carbon Cv, Memphis, TN 38109

Property at 693 Bonwood Ave, Memphis, TN 38109, 4 beds, 1 bath

$105,000

4 beds1 bath— sq ft

693 Bonwood Ave, Memphis, TN 38109

Property at 3509 W Horn Lake Rd, Memphis, TN 38109, 3 beds, 1 bath

$112,000

3 beds1 bath— sq ft

3509 W Horn Lake Rd, Memphis, TN 38109

Property at 599 Blackhawk Ave, Memphis, TN 38109, 4 beds, 1.5 baths

$120,000

4 beds1.5 baths— sq ft

599 Blackhawk Ave, Memphis, TN 38109

Property at 4282 Westmont St, Memphis, TN 38109, 3 beds, 1 bath

$79,900

3 beds1 bath— sq ft

4282 Westmont St, Memphis, TN 38109

Property at 3198 Millwood Rd, Memphis, TN 38109, 4 beds, 1 bath

$135,000

4 beds1 bath— sq ft

3198 Millwood Rd, Memphis, TN 38109

Property at 654 Nonconnah Rd, Memphis, TN 38109, 2 beds, 1 bath

$105,900

2 beds1 bath— sq ft

654 Nonconnah Rd, Memphis, TN 38109

Property at 4897 Southaven Rd, Memphis, TN 38109, 4 beds, 1.5 baths

$105,000

4 beds1.5 baths— sq ft

4897 Southaven Rd, Memphis, TN 38109

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

$127,900

3 beds1 bath— sq ft

79 E Shelby Dr, Memphis, TN 38109

Property at 346 Modder Ave, Memphis, TN 38109, 2 beds, 1 bath

$80,000

2 beds1 bath— sq ft

346 Modder Ave, Memphis, TN 38109

Property at 433 Dixie Rd, Memphis, TN 38109, 2 beds, 1 bath

$119,000

2 beds1 bath— sq ft

433 Dixie Rd, Memphis, TN 38109

Property at 5163 Pickett Cv, Memphis, TN 38109, 3 beds, 1 bath

$107,000

3 beds1 bath— sq ft

5163 Pickett Cv, Memphis, TN 38109

Property at 3368 Old Horn Lake Rd, Memphis, TN 38109, 2 beds, 1 bath

$73,900

2 beds1 bath— sq ft

3368 Old Horn Lake Rd, Memphis, TN 38109

Property at 3731 Horn Lake Rd, Memphis, TN 38109

$115,000

Land15.00 acres (lot)

3731 Horn Lake Rd, Memphis, TN 38109

Property at 2980 Lotus Rd, Memphis, TN 38109

$8,000

Land0.60 acre (lot)

2980 Lotus Rd, Memphis, TN 38109

Property at 1163 W Raines Rd, Memphis, TN 38109

$47,900

Land3.31 acres (lot)

1163 W Raines Rd, Memphis, TN 38109

Property at 301 Flynn Rd, Memphis, TN 38109

$58,000

Land9,583 sq ft (lot)

301 Flynn Rd, Memphis, TN 38109

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

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)

$86,980

-16.4% YoY | Jun 2026

1 year
3 year
5 year

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

Location

Data

Jun 2026

Growth

% YoY

38109, TN

$86,980

-16.4%

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