Cheap homes for sale & real estate in 38111, TN

184 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Great Investment Opportunity - Duplex in Memphis This 2 bed, 1 bath per side duplex is being sold as-is and is perfect for investors looking to add value and maximize rental income. The exterior is already completed with new siding, paint, new roof, and new windows. Strong rental demand in the area makes this an excellent opportunity to rehab and hold, or renovate and resell. PROPERTY BEING SOLD AS IS. Seller will not connect utilities

$129,900

4 beds2 baths— sq ft

159 Hayden Pl, Memphis, TN 38111

New siding • Duplex in memphis • New roof

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
OPEN HOUSE SATURDAY OCTOBER 11TH 12:00 p. m. - 2:00 p. m. This move-in-ready home offers the perfect blend of comfort and convenience, featuring a spacious layout, modern finishes, and a big backyard ideal for entertaining, gardening, or simply relaxing. Inside, you'll find nice living spaces, convenient kitchen, and two full bathrooms designed with style and function in mind. The detached 1-car garage provides extra storage and off-street parking. Located in a quiet neighborhood with easy access to local shops, dining, and major highways, this home is perfect for families, first-time buyers, or anyone looking to enjoy Memphis living at its best.

$275,000

3 beds2 baths— sq ft

83 W Lafayette Cir, Memphis, TN 38111

Big backyard • Quiet neighborhood • Detached garage

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Investors dream! Home is 3 bedrooms 1 bath, living and dining rooms. Hardwood floors, new roof, low maintenance siding and brick, new fenced backyard and deck. Updated kitchen and bathroom. Huge refrigerator in dining room, tenants' choice, space available in kitchen! Washer dryer connections in kitchen also. Secure Parking.

$120,000

3 beds1 bath— sq ft

1422 Titus Rd, Memphis, TN 38111

New fenced backyard • Updated kitchen • Secure parking

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Tenant Occupied with Tenant's Rights, Buyer to verify Room Sizes, Big Back Yard, Tenants Lease Can be Renewed or Tenant is agreeable to break the lease if the new owner wants to occupy. Appointments must be scheduled with tenants Notice. Big Back Yard, Close to the College,

$149,900

3 beds1 bath— sq ft

796 S Graham St, Memphis, TN 38111

Big back yard • Close to the college • 8,276 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Excellent investment opportunity! This 2-bedroom, 2-bath home is located just minutes from Simmons Bank Liberty Stadium, the University of Memphis, Midtown, and Downtown Memphis—an ideal spot for strong rental demand and long-term appreciation. Recently renovated within the past three years and featuring a brand-new roof installed earlier this year, the property offers updated features while still leaving room for additional improvements to increase value. A detached garage, spacious layout, and prime location make this a solid addition to any rental portfolio or a great fix-and-hold option. Don’t miss the chance to secure a property with excellent potential in one of Memphis&rs

$74,900

2 beds2 baths— sq ft

411 Hodges St, Memphis, TN 38111

Strong rental demand • Brand new roof • Recently renovated

Property at 215 S Reese St, Memphis, TN 38111, 3 beds, 2 baths

$349,900

3 beds2 baths— sq ft

215 S Reese St, Memphis, TN 38111

Property at 2894 Midland Ave, Memphis, TN 38111, 2 beds, 1.5 baths

$199,900

2 beds1.5 baths— sq ft

2894 Midland Ave, Memphis, TN 38111

Property at 294 Aurora Cir, Memphis, TN 38111, 3 beds, 1 bath

$319,000

3 beds1 bath— sq ft

294 Aurora Cir, Memphis, TN 38111

Property at 1604 Echles St, Memphis, TN 38111, 4 beds, 2 baths

$134,900

4 beds2 baths— sq ft

1604 Echles St, Memphis, TN 38111

Property at 3553 Rhodes Ave, Memphis, TN 38111, 3 beds, 2 baths

$169,000

3 beds2 baths— sq ft

3553 Rhodes Ave, Memphis, TN 38111

Property at 2663 Central Terrace Rd #30, Memphis, TN 38111, 2 beds, 2.5 baths

$150,000

2 beds2.5 baths— sq ft

2663 Central Terrace Rd #30, Memphis, TN 38111

Property at 397 S Prescott St S, Memphis, TN 38111, 3 beds, 1 bath

$299,850

3 beds1 bath— sq ft

397 S Prescott St S, Memphis, TN 38111

Property at 839 S Graham St, Memphis, TN 38111, 2 beds, 1 bath

$155,000

2 beds1 bath— sq ft

839 S Graham St, Memphis, TN 38111

Property at 803 Shotwell St, Memphis, TN 38111, 2 beds, 2 baths

$175,000

2 beds2 baths— sq ft

803 Shotwell St, Memphis, TN 38111

Property at 3570 Southwood Ave, Memphis, TN 38111, 3 beds, 2 baths

$299,000

3 beds2 baths— sq ft

3570 Southwood Ave, Memphis, TN 38111

Property at 232 S South Highland Ave #806, Memphis, TN 38111, 1 bed, 1 bath

$90,000

1 bed1 bath— sq ft

232 S South Highland Ave #806, Memphis, TN 38111

Property at 3330 Midland Dr, Memphis, TN 38111, 3 beds, 2 baths

$335,000

3 beds2 baths— sq ft

3330 Midland Dr, Memphis, TN 38111

Property at 3597 Baine Ave, Memphis, TN 38111, 2 beds, 1 bath

$76,000

2 beds1 bath— sq ft

3597 Baine Ave, Memphis, TN 38111

Property at 4145 Willowview Ave, Memphis, TN 38111, 4 beds, 3.5 baths

$190,000

4 beds3.5 baths— sq ft

4145 Willowview Ave, Memphis, TN 38111

Property at 87 N Highland St, Memphis, TN 38111, 3 beds, 2.5 baths

$399,900

3 beds2.5 baths— sq ft

87 N Highland St, Memphis, TN 38111

Property at 2907 Walker Ave, Memphis, TN 38111, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

2907 Walker Ave, Memphis, TN 38111

Property at 3520 Central Ave #303, Memphis, TN 38111, 1 bed, 1.5 baths

$215,000

1 bed1.5 baths— sq ft

3520 Central Ave #303, Memphis, TN 38111

Property at 3672 Maid Marian Ln, Memphis, TN 38111, 2 beds, 2 baths

$119,900

2 beds2 baths— sq ft

3672 Maid Marian Ln, Memphis, TN 38111

Property at 1558 Patterson St, Memphis, TN 38111, 4 beds, 1 bath

$140,000

4 beds1 bath— sq ft

1558 Patterson St, Memphis, TN 38111

Property at 247 S Greer St, Memphis, TN 38111, 4 beds, 2.5 baths

$450,000

4 beds2.5 baths— sq ft

247 S Greer St, Memphis, TN 38111

Property at 643 Kent St, Memphis, TN 38111, 6 beds, 4 baths

$310,000

6 beds4 baths— sq ft

643 Kent St, Memphis, TN 38111

Property at 781 S Graham St, Memphis, TN 38111, 5 beds, 2 baths

$268,000

5 beds2 baths— sq ft

781 S Graham St, Memphis, TN 38111

Property at 200 Alexander St, Memphis, TN 38111, 3 beds, 2 baths

$359,900

3 beds2 baths— sq ft

200 Alexander St, Memphis, TN 38111

Property at 3025 Waynoka Ave, Memphis, TN 38111, 4 beds, 2 baths

$269,900

4 beds2 baths— sq ft

3025 Waynoka Ave, Memphis, TN 38111

Property at 3663 Park Ave, Memphis, TN 38111, 3 beds, 1 bath

$145,000

3 beds1 bath— sq ft

3663 Park Ave, Memphis, TN 38111

Property at 3520 Central Ave #103, Memphis, TN 38111, 1 bed, 1.5 baths

$225,000

1 bed1.5 baths— sq ft

3520 Central Ave #103, Memphis, TN 38111

Property at 232 S Highland St #109, Memphis, TN 38111, 1 bed, 1 bath

$68,500

1 bed1 bath— sq ft

232 S Highland St #109, Memphis, TN 38111

Property at 1009 Mcevers Rd, Memphis, TN 38111, 3 beds, 1.5 baths

$184,900

3 beds1.5 baths— sq ft

1009 Mcevers Rd, Memphis, TN 38111

Property at 1265 Wedgewood St, Memphis, TN 38111, 3 beds, 1 bath

$124,900

3 beds1 bath— sq ft

1265 Wedgewood St, Memphis, TN 38111

Property at 3080 Walnut Grove Rd #305, Memphis, TN 38111, 1 bed, 1 bath

$99,500

1 bed1 bath— sq ft

3080 Walnut Grove Rd #305, Memphis, TN 38111

Property at 251 S Holmes St S, Memphis, TN 38111, 3 beds, 2 baths

$345,000

3 beds2 baths— sq ft

251 S Holmes St S, Memphis, TN 38111

Property at 420 Josephine St NE, Memphis, TN 38111, 2 beds, 2 baths

$179,900

2 beds2 baths— sq ft

420 Josephine St NE, Memphis, TN 38111

Property at 714 Inez St, Memphis, TN 38111, 2 beds, 1 bath

$104,999

2 beds1 bath— sq ft

714 Inez St, Memphis, TN 38111

Property at 3863 Spottswood Ave, Memphis, TN 38111, 3 beds, 1 bath

$200,000

3 beds1 bath— sq ft

3863 Spottswood Ave, Memphis, TN 38111

Property at 3739 Spottswood Ave, Memphis, TN 38111, 3 beds, 2 baths

$215,000

3 beds2 baths— sq ft

3739 Spottswood Ave, Memphis, TN 38111

Property at 572 Watson St, Memphis, TN 38111, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

572 Watson St, Memphis, TN 38111

Viewing page 3 of 5

Cheap Homes for Sale in 38111

There are currently 184 cheap homes for sale in 38111 at a median listing price of $212K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38111 stay on the market for 63 days and receive 1 offers. This map is refreshed with the newest listings in 38111 every 15 minutes.

In the past month, 48 homes have been sold in 38111. In addition to houses in 38111, there were also 33 condos, 2 townhouses, and 17 multi-family units for sale in 38111 last month. 38111 is a minimally walkable zip code in Shelby County with a Walk Score of 44. 38111 is home to approximately 42,817 people and 13,222 jobs. Find your dream home in 38111 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 38111 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38111. If you're looking to sell your home in the 38111 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38111 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for 38111, TN

Cities

Nearby Zip Codes

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 38111, TN

How to buy a house in 38111, TN

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Tennessee

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.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.