Cheap homes for sale & real estate in 38111, TN

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ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,575 a month, and the lease will end on 12/31/2025. It can be sold separately or as a package deal along with 572 Watson, 3739 Spottswood, and 3863 Spottswood.

$200,000

2 beds2 baths— sq ft

582 Watson St, Memphis, TN 38111

8,712 sq ft lot • Built 1922 • Listed 112 days

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Discover the perfect blend of vintage charm and modern convenience at 520 Ellsworth Street! This 3-bedroom, 2-bathroom home welcomes you with beautiful hardwood floors and abundant character. Step inside to find thoughtfully maintained spaces, including a bright sun room perfect for relaxation, updated kitchen, laundry and mudroom. The home's natural charm shines throughout. Outside, enjoy well-landscaped grounds with a vegetable garden and beautiful yard. The property features a new driveway, security gate and separate garage for storage and parking. This special home offers historic character with thoughtful updates in a desirable Memphis neighborhood. Ready to call 520 Ellsworth Street h

$319,000

3 beds2 baths— sq ft

520 Ellsworth St, Memphis, TN 38111

Security gate • New driveway • Sun room

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Investment property. Property to be SOLD AS IS NO REPAIRS. This two-bedroom bath offers a formal living and dining combination, an eat-in kitchen, and a large den that could be converted into a primary bedroom and bath. Updates, interior painted, new carpet, and new kitchen cabinets in 2022. Tenant Occupied 12 month lease

$118,500

2 beds1 bath— sq ft

1274 Railton Rd, Memphis, TN 38111

Large den • Investment property • New kitchen cabinets

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Located is a Super Location So Close to Many Many Places ! Shopping, Schools, Universities, Sporting Areas and Parks! It needs some updating, and is priced accordingly. Building Has 24/7 Door Person on Duty, Beautiful Pool, Great Community Rooms, Library, Exercise Room, and Laundry on each Floor. .. Parking is Not Included in the Maint Fee, On-Site Storage Is Available. Guest Room Available on the First Floor! Last owner lived there for 23 Years! So many Long Term Residents Indicates the Value of the Lifestyle!

$62,500

1 bed1 bath— sq ft

232 S Highland St #706, Memphis, TN 38111

Guest room • On-site storage • Exercise room

ABOUT THIS HOME
Cheap Home for sale in 38111, TN:
Fully updated, cash-flowing duplex with two 2 bed/1 bath units. Operating as successful short-term rentals since 2023 with strong rental history. Each unit features modern kitchens, renovated bathrooms, new flooring, and stylish finishes throughout. Turnkey investment—keep as STRs or convert to long-term rentals for steady income. Property is freestanding with private entrances and separate outdoor spaces. Ideal for investors or owner-occupants looking to house hack. Located in a high-demand area with great rental potential. Don’t miss this rare, income-producing opportunity!

$299,950

4 beds2 baths— sq ft

84 N Holmes St, Memphis, TN 38111

Modern kitchens • Renovated bathrooms • New flooring

Property at 487 Lundee St, Memphis, TN 38111, 3 beds, 2 baths

$109,900

3 beds2 baths— sq ft

487 Lundee St, Memphis, TN 38111

Property at 232 S Highland St #505, Memphis, TN 38111, 2 beds, 2 baths

$124,000

2 beds2 baths— sq ft

232 S Highland St #505, Memphis, TN 38111

Property at 3172 Joffre Ave, Memphis, TN 38111, 3 beds, 2 baths

$275,000

3 beds2 baths— sq ft

3172 Joffre Ave, Memphis, TN 38111

Property at 3520 Central Ave #207, Memphis, TN 38111, 3 beds, 3.5 baths

$399,000

3 beds3.5 baths— sq ft

3520 Central Ave #207, Memphis, TN 38111

Property at 3330 Highland Park Pl, Memphis, TN 38111, 2 beds, 1 bath

$199,000

2 beds1 bath— sq ft

3330 Highland Park Pl, Memphis, TN 38111

Property at 3160 Wilcox Ave, Memphis, TN 38111, 3 beds, 2.5 baths

$397,000

3 beds2.5 baths— sq ft

3160 Wilcox Ave, Memphis, TN 38111

Property at 886 Echles St, Memphis, TN 38111, 3 beds, 1 bath

$150,000

3 beds1 bath— sq ft

886 Echles St, Memphis, TN 38111

Property at 505 S Prescott St, Memphis, TN 38111, 2 beds, 1 bath

$214,500

2 beds1 bath— sq ft

505 S Prescott St, Memphis, TN 38111

Property at 232 S Highland St #707, Memphis, TN 38111, 1 bed, 1 bath

$78,000

1 bed1 bath— sq ft

232 S Highland St #707, Memphis, TN 38111

Property at 232 S Highland St #608, Memphis, TN 38111, 2 beds, 2 baths

$133,900

2 beds2 baths— sq ft

232 S Highland St #608, Memphis, TN 38111

Property at 767 Semmes St, Memphis, TN 38111, 2 beds, 2 baths

$100,000

2 beds2 baths— sq ft

767 Semmes St, Memphis, TN 38111

Property at 3145 Wilcox Ave, Memphis, TN 38111, 3 beds, 2 baths

$340,000

3 beds2 baths— sq ft

3145 Wilcox Ave, Memphis, TN 38111

Property at 21 N Fenwick Rd, Memphis, TN 38111, 3 beds, 2 baths

$229,000

3 beds2 baths— sq ft

21 N Fenwick Rd, Memphis, TN 38111

Property at 258 S Holmes St, Memphis, TN 38111, 3 beds, 2 baths

$285,000

3 beds2 baths— sq ft

258 S Holmes St, Memphis, TN 38111

Property at 1864 Denison St, Memphis, TN 38111, 3 beds, 1.5 baths

$189,000

3 beds1.5 baths— sq ft

1864 Denison St, Memphis, TN 38111

Property at 365 Lundee Pl, Memphis, TN 38111, 2 beds, 2 baths

$245,000

2 beds2 baths— sq ft

365 Lundee Pl, Memphis, TN 38111

Property at 3275 Seminole Ave, Memphis, TN 38111, 3 beds, 2 baths

$175,000

3 beds2 baths— sq ft

3275 Seminole Ave, Memphis, TN 38111

Property at 3725 Spottswood Ave, Memphis, TN 38111, 4 beds, 2 baths

$289,500

4 beds2 baths— sq ft

3725 Spottswood Ave, Memphis, TN 38111

Property at 149 Palisade St, Memphis, TN 38111, 3 beds, 2 baths

$359,500

3 beds2 baths— sq ft

149 Palisade St, Memphis, TN 38111

Property at 3362 Carrington Rd, Memphis, TN 38111, 4 beds, 2.5 baths

$135,000

4 beds2.5 baths— sq ft

3362 Carrington Rd, Memphis, TN 38111

Property at 175 Dille Pl, Memphis, TN 38111, 3 beds, 2 baths

$359,000

3 beds2 baths— sq ft

175 Dille Pl, Memphis, TN 38111

Property at 401 Alexander St, Memphis, TN 38111, 2 beds, 1 bath

$309,000

2 beds1 bath— sq ft

401 Alexander St, Memphis, TN 38111

Property at 3465 Spottswood Ave, Memphis, TN 38111, 3 beds, 2 baths

$129,900

3 beds2 baths— sq ft

3465 Spottswood Ave, Memphis, TN 38111

Property at 2993 Walnut Grove Rd #2, Memphis, TN 38111, 2 beds, 1 bath

$94,901

2 beds1 bath— sq ft

2993 Walnut Grove Rd #2, Memphis, TN 38111

Property at 3094 Park Ave, Memphis, TN 38111, 3 beds, 1 bath

$200,000

3 beds1 bath— sq ft

3094 Park Ave, Memphis, TN 38111

Property at 257 Bremington Place Dr, Memphis, TN 38111, 4 beds, 4 baths

$429,900

4 beds4 baths— sq ft

257 Bremington Place Dr, Memphis, TN 38111

Property at 3889 Danny Ave, Memphis, TN 38111, 3 beds, 1 bath

$100,000

3 beds1 bath— sq ft

3889 Danny Ave, Memphis, TN 38111

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

$399,500

3 beds2 baths— sq ft

3553 Oakley Ave, Memphis, TN 38111

Property at 491 Alexander St, Memphis, TN 38111, 3 beds, 2 baths

$277,500

3 beds2 baths— sq ft

491 Alexander St, Memphis, TN 38111

Property at 3520 Central Ave #210, Memphis, TN 38111, 2 beds, 2.5 baths

$305,000

2 beds2.5 baths— sq ft

3520 Central Ave #210, Memphis, TN 38111

Property at 3482 Hadley Rd, Memphis, TN 38111, 2 beds, 1 bath

$85,000

2 beds1 bath— sq ft

3482 Hadley Rd, Memphis, TN 38111

Property at 3712 Walnut Grove Rd, Memphis, TN 38111, 4 beds, 2 baths

$379,000

4 beds2 baths— sq ft

3712 Walnut Grove Rd, Memphis, TN 38111

Property at 3449 Carrington Ave, Memphis, TN 38111, 3 beds, 2 baths

$178,000

3 beds2 baths— sq ft

3449 Carrington Ave, Memphis, TN 38111

Property at 1293 Carolyn Dr, Memphis, TN 38111, 3 beds, 1.5 baths

$155,000

3 beds1.5 baths— sq ft

1293 Carolyn Dr, Memphis, TN 38111

Property at 3298 Spottswood Ave, Memphis, TN 38111, 2 beds, 1 bath

$137,000

2 beds1 bath— sq ft

3298 Spottswood Ave, Memphis, TN 38111

Property at 70 N Highland St, Memphis, TN 38111, 3 beds, 3 baths

$445,000

3 beds3 baths— sq ft

70 N Highland St, Memphis, TN 38111

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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.

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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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