38116, TN homes for sale & real estate

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NEW 4 HRS AGO

ABOUT THIS HOME
38116, TN Homes for Sale
Take advantage of this outstanding income-producing investment! This rental property is located in a high-demand area with easy access to retail, restaurants, employment centers, and everyday conveniences, making it an attractive option for tenants. A fantastic addition to any investment portfolio. Please note that assignment contracts and wholesale offers will not be accepted.

$180,000

3 beds2 baths— sq ft

5303 Villa Del Rey Dr, Memphis, TN 38116

High-demand area • 8,712 sq ft lot • Parking

NEW 10 HRS AGO

ABOUT THIS HOME
38116, TN Homes for Sale
Why search for your next investment when this one is already working? This beautifully renovated three-bedroom, one-and-a-half-bath home offers 1,366 square feet of refreshed living space, a spacious and functional layout, separate living and dining areas, central heating and air, and an expansive half-acre lot. Best of all, the property is currently leased for $1,650 per month through August 15, 2027, providing immediate rental income with a tenant already in place. Add this portfolio-ready opportunity to your collection before another investor does! Tenant occupied; please do not disturb. This property is 1 of 30 in the portfolio for sale.

$167,000

3 beds1.5 baths— sq ft

988 Michael Cv, Memphis, TN 38116

0.57 acre lot • Parking • Built 1951

ABOUT THIS HOME
38116, TN Homes for Sale
Step inside and discover the potential this 3-bedroom, 2-bath home has to offer! With 1,339 square feet of living space, the home features a functional layout ready for your personal touches. Enjoy a back porch overlooking the fenced backyard, plus the convenience of a 1-car carport. A great opportunity to create a space that suits your style. Schedule your showing today!

$94,900

3 beds2 baths— sq ft

5025 Lochinvar Rd, Memphis, TN 38116

0.32 acre lot • Parking • Built 1957

ABOUT THIS HOME
38116, TN Homes for Sale
1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.

$1,186,000

28 beds— baths— sq ft

1283 E Raines Ave, Memphis, TN 38116

Steady rental demand • Built 1964 • Listed 4 days

ABOUT THIS HOME
38116, TN Homes for Sale
BRRRR or Flip opportunity for investor looking to add cash flow to their portfolio! Home is being sold "as is" and is recently vacated. Call listing agent for details.

$89,000

3 beds1 bath— sq ft

1311 Marlin Rd, Memphis, TN 38116

0.45 acre lot • Built 1952 • Listed 5 days

Property at 5073 Whitworth Rd, Memphis, TN 38116, 3 beds, 2 baths

$185,000

3 beds2 baths— sq ft

5073 Whitworth Rd, Memphis, TN 38116

Property at 1285 Hickory Wood Cv, Memphis, TN 38116, 5 beds, 3 baths

$280,000

5 beds3 baths— sq ft

1285 Hickory Wood Cv, Memphis, TN 38116

Property at 4428 Auburn Rd, Memphis, TN 38116, 4 beds, 3 baths

$249,900

4 beds3 baths— sq ft

4428 Auburn Rd, Memphis, TN 38116

Property at 4374 Ridgewood Rd, Memphis, TN 38116, 3 beds, 2 baths

$129,900

3 beds2 baths— sq ft

4374 Ridgewood Rd, Memphis, TN 38116

Property at 4920 Whitworth Rd, Memphis, TN 38116, 4 beds, 2 baths

$229,900

4 beds2 baths— sq ft

4920 Whitworth Rd, Memphis, TN 38116

Property at 1429 Timothy Dr W, Memphis, TN 38116, 3 beds, 2 baths

$259,900

3 beds2 baths— sq ft

1429 Timothy Dr W, Memphis, TN 38116

Property at 1713 Homedale Ave, Memphis, TN 38116, 4 beds, 2.5 baths

$195,000

4 beds2.5 baths— sq ft

1713 Homedale Ave, Memphis, TN 38116

Property at 964 Winchester Rd, Memphis, TN 38116, 4 beds, 2 baths

$179,900

4 beds2 baths— sq ft

964 Winchester Rd, Memphis, TN 38116

Property at 3252 Brakebill Cv, Memphis, TN 38116, 4 beds, 2 baths

$218,900

4 beds2 baths— sq ft

3252 Brakebill Cv, Memphis, TN 38116

Property at 5350 Lochinvar Rd, Memphis, TN 38116, 3 beds, 1 bath

$79,900

3 beds1 bath— sq ft

5350 Lochinvar Rd, Memphis, TN 38116

Property at 4516 Paula Dr, Memphis, TN 38116, 4 beds, 2.5 baths

$239,900

4 beds2.5 baths— sq ft

4516 Paula Dr, Memphis, TN 38116

Property at 5247 Loch Lomond Rd, Memphis, TN 38116, 2 beds, 1 bath

$79,900

2 beds1 bath— sq ft

5247 Loch Lomond Rd, Memphis, TN 38116

Property at 3920 Michael Rd, Memphis, TN 38116, 3 beds, 1 bath

$119,900

3 beds1 bath— sq ft

3920 Michael Rd, Memphis, TN 38116

Property at 4295 Hudgins Rd, Memphis, TN 38116, 5 beds, 4 baths

$159,900

5 beds4 baths— sq ft

4295 Hudgins Rd, Memphis, TN 38116

Property at 4064 Hermitage Dr, Memphis, TN 38116, 3 beds, 1.5 baths

$130,000

3 beds1.5 baths— sq ft

4064 Hermitage Dr, Memphis, TN 38116

Property at 2091 Wooden Heart Ct #26, Memphis, TN 38116, 3 beds, 2.5 baths

$85,000

3 beds2.5 baths— sq ft

2091 Wooden Heart Ct #26, Memphis, TN 38116

Property at 1313 Ryanwood Ave, Memphis, TN 38116, 3 beds, 2 baths

$166,000

3 beds2 baths— sq ft

1313 Ryanwood Ave, Memphis, TN 38116

Property at 3764 Cazassa Rd, Memphis, TN 38116, 5 beds, 2 baths

$139,900

5 beds2 baths— sq ft

3764 Cazassa Rd, Memphis, TN 38116

Property at 875 Enfield Rd, Memphis, TN 38116, 3 beds, 2 baths

$159,500

3 beds2 baths— sq ft

875 Enfield Rd, Memphis, TN 38116

Property at 5276 Cresser St, Memphis, TN 38116, 5 beds, 3 baths

$269,900

5 beds3 baths— sq ft

5276 Cresser St, Memphis, TN 38116

Property at 4532 Kassell Rd, Memphis, TN 38116, 3 beds, 2 baths

$240,000

3 beds2 baths— sq ft

4532 Kassell Rd, Memphis, TN 38116

Property at 703 Brakebill Ave, Memphis, TN 38116, 4 beds, 3 baths

$225,000

4 beds3 baths— sq ft

703 Brakebill Ave, Memphis, TN 38116

Property at 1733 Bender Rd, Memphis, TN 38116, 3 beds, 2 baths

$250,000

3 beds2 baths— sq ft

1733 Bender Rd, Memphis, TN 38116

Property at 4945 Gardenwood Dr, Memphis, TN 38116, 4 beds, 2.5 baths

$229,900

4 beds2.5 baths— sq ft

4945 Gardenwood Dr, Memphis, TN 38116

Property at 4424 Mickey Dr, Memphis, TN 38116, 3 beds, 2 baths

$129,900

3 beds2 baths— sq ft

4424 Mickey Dr, Memphis, TN 38116

Property at 4254 Sidney Rd, Memphis, TN 38116, 3 beds, 1.5 baths

$99,900

3 beds1.5 baths— sq ft

4254 Sidney Rd, Memphis, TN 38116

Property at 4514 Boeingshire Dr, Memphis, TN 38116, 3 beds, 2 baths

$164,900

3 beds2 baths— sq ft

4514 Boeingshire Dr, Memphis, TN 38116

Property at 2097 Wooden Heart Ct #29, Memphis, TN 38116, 2 beds, 2.5 baths

$85,000

2 beds2.5 baths— sq ft

2097 Wooden Heart Ct #29, Memphis, TN 38116

Property at 3639 Huckleberry St, Memphis, TN 38116, 4 beds, 2.5 baths

$251,000

4 beds2.5 baths— sq ft

3639 Huckleberry St, Memphis, TN 38116

Property at 2109 E Shelby Dr #11, Memphis, TN 38116, 2 beds, 1.5 baths

$85,000

2 beds1.5 baths— sq ft

2109 E Shelby Dr #11, Memphis, TN 38116

Property at 1421 Janis Dr, Memphis, TN 38116, 4 beds, 2 baths

$184,900

4 beds2 baths— sq ft

1421 Janis Dr, Memphis, TN 38116

Property at 1479 Old Hickory Rd, Memphis, TN 38116, 3 beds, 2 baths

$139,900

3 beds2 baths— sq ft

1479 Old Hickory Rd, Memphis, TN 38116

Property at 4960 Loch Lomond Dr, Memphis, TN 38116, 3 beds, 2 baths

$104,900

3 beds2 baths— sq ft

4960 Loch Lomond Dr, Memphis, TN 38116

Property at 4474 St Honore Cv, Memphis, TN 38116, 5 beds, 4 baths

$250,000

5 beds4 baths— sq ft

4474 St Honore Cv, Memphis, TN 38116

Property at 4759 Painted Oak Cv, Memphis, TN 38116, 3 beds, 2 baths

$204,000

3 beds2 baths— sq ft

4759 Painted Oak Cv, Memphis, TN 38116

Property at 3629 Huckleberry St, Memphis, TN 38116, 4 beds, 2 baths

$233,500

4 beds2 baths— sq ft

3629 Huckleberry St, Memphis, TN 38116

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Average home prices near 38116, TN

Cities

Zip Codes

38116, TN real estate trends

All Home Types trends in 38116, TN

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$142,468

-22.9% YoY | Jul 2026

1 year
3 year
5 year

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

Location

Data

Jul 2026

Growth

% YoY

38116, TN

$142,468

-22.9%

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Based on information submitted to the MLS GRID as of Wed Sep 09 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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