Cheap homes for sale & real estate in 38112, TN

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ABOUT THIS HOME
Cheap Home for sale in 38112, TN:
Price reduced! Lease Purchase with 10% down, INCOME PRODUCING PROPERTY. Rare mixed-use corner property in the heart of Midtown Memphis offering exceptional flexibility for investors, business owners, & owner-occupants with rental income. May Qualify for the First Time Home Buyers Program with down payment assistance. This fully renovated property consists of two units totaling approximately 3,934 square feet & is currently classified as multifamily residential, with prior Special Use Permit approval for commercial use. 2417 has 6 spacious rms, full kitchen, laundry rm. & 3 full ba. 2421 has 4 spacious rms, full kit, laundry, 1 full bath & 2 half ba. near Memphis Zoo, R

$329,850

7 beds5 baths— sq ft

Full kitchen • Laundry room • Two units

2417 Jackson Ave, Memphis, TN 38112

FOR SALE BY OWNER

ABOUT THIS HOME
Cheap Home for sale in 38112, TN:
New construction 4-bedroom, 2-bath single-family home offering 1,450 sq ft of modern living space. This home features a clean, open layout with updated finishes throughout and is designed for low-maintenance living. Spacious interior with comfortable living areas, making it a great fit for families or long-term tenants. Conveniently located in Memphis with easy access to nearby amenities, main roads, and public transit. Near Overton Park, zoo, midtown Do not disturb tenants. We have many more homes in all zip codes Lets work together

$245,000

4 beds2 baths1,539 sq ft

3 garage spots • Built 2025 • Listed 125 days

803 N Merton St, Memphis, TN 38112

ABOUT THIS HOME
Cheap Home for sale in 38112, TN:
Prime duplex in the heart of Midtown offering a fully operational, turnkey Airbnb/VRBO opportunity w/ revenue history available upon request. This versatile property is perfect for an owner-occupant looking to live in one unit while short-term renting the other, or it can be operated as a full-time income-producing investment. The property is offered fully furnished, allowing for a seamless transition for the next owner. Thoughtfully updated, the 2022 renos include refreshed BAs, stylish chandelier light fixtures, & Kitch upgrades featuring a gas range, dishwsher, & charming retro effiecienct refrigerator. These improvements blend modern convenience w/ character & appeal. Lo

$370,000

4 beds2 baths— sq ft

Garage • Built 1925 • Listed 192 days

270 Hawthorne St, Memphis, TN 38112

ABOUT THIS HOME
Cheap Home for sale in 38112, TN:
Immaculate 2 bedroom 1 bath in East Memphis convenient to Midtown/Downtown. Beautiful lux. flooring throughout with tiled bathroom. Updated kitchen with quartz countertops, gas cooking, soft-close cabinet drawers. Recently replaced windows with vinyl double panes. Expansive (30x16) wood deck overlooks serene backyard. Detached garage. Roof approximately 3 years old. Nothing was missed on this one!

$254,900

2 beds1 bath— sq ft

Replaced windows • Quartz countertops • Gas cooking

11 N Ashlawn Rd, Memphis, TN 38112

ABOUT THIS HOME
Cheap Home for sale in 38112, TN:
Charming brick bungalow in the Evergreen Historic District! Beautifully renovated home features a fully updated interior and exterior, offering the perfect blend of historic character and modern comfort. Three bedrooms and two full bathrooms. Enjoy your morning coffee on the screened-in front porch or entertain guests on the large patio overlooking the neighborhood. Roof is approximately 2 years old and HVAC approximately 3 years old. Walk-up attic provides incredible opportunity for expansion.

$259,999

3 beds2 baths— sq ft

Brick bungalow • Large patio • Walk-up attic

261 N Avalon St, Memphis, TN 38112

Property at 18 S Alicia Dr, Memphis, TN 38112, 3 beds, 1 bath

$250,000

3 beds1 bath— sq ft

18 S Alicia Dr, Memphis, TN 38112

Property at 357 Angelus St, Memphis, TN 38112, 4 beds, 3 baths

$440,000

4 beds3 baths— sq ft

357 Angelus St, Memphis, TN 38112

Property at 210 N Avalon St, Memphis, TN 38112, 5 beds, 3.5 baths

$425,000

5 beds3.5 baths— sq ft

210 N Avalon St, Memphis, TN 38112

Property at 520 N Mcneil St, Memphis, TN 38112, 4 beds

$375,000

4 beds— baths— sq ft

520 N Mcneil St, Memphis, TN 38112

Property at 19 S Merton St, Memphis, TN 38112, 4 beds, 2 baths

$225,000

4 beds2 baths— sq ft

19 S Merton St, Memphis, TN 38112

Property at 2952 Yale Ave, Memphis, TN 38112, 2 beds, 1 bath

$120,000

2 beds1 bath— sq ft

2952 Yale Ave, Memphis, TN 38112

Property at 3176 Yale Ave, Memphis, TN 38112, 6 beds, 2 baths

$163,000

6 beds2 baths— sq ft

3176 Yale Ave, Memphis, TN 38112

Property at 736 Holly St, Memphis, TN 38112, 3 beds, 1 bath

$175,000

3 beds1 bath— sq ft

736 Holly St, Memphis, TN 38112

Property at 724 Center Dr, Memphis, TN 38112, 5 beds, 3 baths

$439,000

5 beds3 baths— sq ft

724 Center Dr, Memphis, TN 38112

Property at 788 N N Hollywood St, Memphis, TN 38112, 4 beds, 2 baths

$184,900

4 beds2 baths— sq ft

788 N N Hollywood St, Memphis, TN 38112

Property at 3045 Allison Ave, Memphis, TN 38112, 4 beds, 2 baths

$158,270

4 beds2 baths— sq ft

3045 Allison Ave, Memphis, TN 38112

Property at 3117 Pacific Ave, Memphis, TN 38112, 4 beds, 2 baths

$135,000

4 beds2 baths— sq ft

3117 Pacific Ave, Memphis, TN 38112

Property at 3043 Coleman Ave, Memphis, TN 38112, 2 beds, 1 bath

$85,000

2 beds1 bath— sq ft

3043 Coleman Ave, Memphis, TN 38112

Property at 1960 N Parkway Ave #205, Memphis, TN 38112, 1 bed, 1 bath

$125,000

1 bed1 bath— sq ft

1960 N Parkway Ave #205, Memphis, TN 38112

Property at 1960 N Parkway Ave #511, Memphis, TN 38112, 1 bed, 1 bath

$125,000

1 bed1 bath— sq ft

1960 N Parkway Ave #511, Memphis, TN 38112

Property at 2297 Jackson Ave, Memphis, TN 38112, 3 beds, 2 baths

$240,500

3 beds2 baths— sq ft

2297 Jackson Ave, Memphis, TN 38112

Property at 217 N Hollywood St, Memphis, TN 38112, 2 beds, 2 baths

$240,000

2 beds2 baths— sq ft

217 N Hollywood St, Memphis, TN 38112

Property at 814 N Merton St, Memphis, TN 38112, 3 beds, 2 baths

$134,500

3 beds2 baths— sq ft

814 N Merton St, Memphis, TN 38112

Property at 635 N Merton Ave, Memphis, TN 38112, 2 beds, 1.5 baths

$134,500

2 beds1.5 baths— sq ft

635 N Merton Ave, Memphis, TN 38112

Property at 2601 Jackson Ave, Memphis, TN 38108, 2 beds, 1 bath

$80,000

2 beds1 bath— sq ft

2601 Jackson Ave, Memphis, TN 38108

Property at 2534 Selman Ave, Memphis, TN 38112, 3 beds, 2 baths

$179,550

3 beds2 baths— sq ft

2534 Selman Ave, Memphis, TN 38112

Property at 1009 Hudson St, Memphis, TN 38112, 2 beds, 1 bath

$113,050

2 beds1 bath— sq ft

1009 Hudson St, Memphis, TN 38112

Property at 226 N Hollywood St N, Memphis, TN 38112, 3 beds, 2 baths

$250,000

3 beds2 baths— sq ft

226 N Hollywood St N, Memphis, TN 38112

Property at 452 Lipford St, Memphis, TN 38112, 2 beds, 1 bath

$114,380

2 beds1 bath— sq ft

452 Lipford St, Memphis, TN 38112

Property at 1057 N Holmes St, Memphis, TN 38122, 1 bed

$142,310

1 bed— baths— sq ft

1057 N Holmes St, Memphis, TN 38122

Property at 3070 Guernsey Ave, Memphis, TN 38112, 3 beds, 1 bath

$176,890

3 beds1 bath— sq ft

3070 Guernsey Ave, Memphis, TN 38112

Property at 3126 Crump Ave, Memphis, TN 38112, 2 beds, 1 bath

$152,950

2 beds1 bath— sq ft

3126 Crump Ave, Memphis, TN 38112

Property at 193 N Hollywood St, Memphis, TN 38112, 3 beds, 1 bath

$223,500

3 beds1 bath1,337 sq ft

193 N Hollywood St, Memphis, TN 38112

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 33 S Bingham St, Memphis, TN 38112, 3 beds, 1 bath

$109,900

3 beds1 bath1,624 sq ft

33 S Bingham St, Memphis, TN 38112

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 33 N Merton St, Memphis, TN 38112, 3 beds, 2.5 baths

$209,900

3 beds2.5 baths1,730 sq ft

33 N Merton St, Memphis, TN 38112

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 0 Red Oak Ave, Memphis, TN 38112

$7,500

Land2,178 sq ft (lot)

0 Red Oak Ave, Memphis, TN 38112

Property at 0 Broad Ave, Memphis, TN 38112

$150,000

Land3,484 sq ft (lot)

0 Broad Ave, Memphis, TN 38112

Property at 2638 Ogden Ave, Memphis, TN 38112

$5,000

Land9,147 sq ft (lot)

2638 Ogden Ave, Memphis, TN 38112

Property at 652 Tillman St, Memphis, TN 38112

$25,000

Land3,920 sq ft (lot)

652 Tillman St, Memphis, TN 38112

Property at 0 Whitman Ave, Memphis, TN 38112

$9,900

Land6,098 sq ft (lot)

0 Whitman Ave, Memphis, TN 38112

Property at 317 Harrell St, Memphis, TN 38112

$28,000

Land5,227 sq ft (lot)

317 Harrell St, Memphis, TN 38112

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Cheap Homes for Sale in 38112

There are currently 88 cheap homes for sale in 38112 at a median listing price of $219K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38112 stay on the market for 108 days. This map is refreshed with the newest listings in 38112 every 15 minutes.

In the past month, 16 homes have been sold in 38112. In addition to houses in 38112, there were also 7 condos, 1 townhouse, and 21 multi-family units for sale in 38112 last month. 38112 is a moderately walkable zip code in Tennessee with a Walk Score of 53. 38112 is home to approximately 17,719 people and 31,936 jobs. Find your dream home in 38112 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 38112 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38112. If you're looking to sell your home in the 38112 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38112 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 Fri Sep 11 2026. 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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