Cheap homes for sale & real estate in 38116, TN

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ABOUT THIS HOME
Cheap Home for sale in 38116, TN:
TURNKEY INVESTMENT OPPORTUNITY! This tenant-occupied 4-bedroom, 2-bath home is currently rented for $1,500/ month through 08/16/2028, providing immediate rental income with an established tenant already in place. The home offers a functional floor plan and convenient parking, making it a solid addition to an investment portfolio. Whether you’re an experienced investor looking to grow your portfolio or purchasing your first rental property, this income-producing home offers an attractive opportunity at an affordable price point. Please do not disturb the tenant. No showings without an accepted offer. Financials available upon request. No wholesalers, assignments, or creative financing!

$179,900

4 beds2 baths— sq ft

Tile lvp flooring • Updated baths • Carrier hvac

964 Winchester Rd, Memphis, TN 38116

ABOUT THIS HOME
Cheap Home for sale in 38116, TN:
Welcome to Paula Drive—where the work has already been done and all that’s left is to move in and enjoy! Completely renovated and thoughtfully updated, this spacious home offers a fresh, modern feel with plenty of room to live, gather, and make memories. The large lot gives you the outdoor space everyone wants—perfect for backyard cookouts, kids and pets, entertaining friends, or simply enjoying a little extra breathing room. Inside, the updates create a comfortable, move-in-ready home designed for everyday living. No renovation list. No projects waiting for you. Just unpack, settle in, and start enjoying your next chapter. If you’ve been looking for a beautifully up

$250,000

4 beds2.5 baths— sq ft

Large lot • Outdoor space • Move in ready

4516 Paula Dr, Memphis, TN 38116

ABOUT THIS HOME
Cheap Home for sale in 38116, TN:
3 bedroom, 1 and a half bath home in the Graceland area that has been updated throughout. Porch, fenced yard, and 1 car carport.

$130,000

3 beds1.5 baths— sq ft

Updated throughout • Porch • Fenced yard

4064 Hermitage Dr, Memphis, TN 38116

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in 38116, TN:
Spacious 4-bedroom, 2-bath home with approximately 1,924 square feet featuring an updated kitchen, beautifully renovated bathrooms, and fresh interior paint throughout. This two-story brick home offers a functional floor plan with plenty of space for comfortable living and entertaining. Conveniently located near schools, shopping, dining, and major roadways. Move-in ready with modern updates—schedule your showing today!

$225,000

4 beds2 baths— sq ft

0.23 acre lot • 2 parking spots • Built 1967

3252 Brakebill Cv, Memphis, TN 38116

ABOUT THIS HOME
Cheap Home for sale in 38116, TN:
Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

$85,000

3 beds2.5 baths— sq ft

2 parking spots • Built 1973 • Listed 7 days

2091 Wooden Heart Ct #26, Memphis, TN 38116

Property at 656 Brakebill Ave, Memphis, TN 38116-3002, 3 beds, 2 baths

$145,369

3 beds2 baths— sq ft

656 Brakebill Ave, Memphis, TN 38116-3002

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 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 1304 Winfield Rd, Memphis, TN 38116, 3 beds, 1.5 baths

$180,000

3 beds1.5 baths— sq ft

1304 Winfield Rd, Memphis, TN 38116

Property at 1917 Finley Rd, Memphis, TN 38116, 3 beds, 2 baths

$131,040

3 beds2 baths— sq ft

1917 Finley Rd, 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 875 Enfield Rd, Memphis, TN 38116, 3 beds, 2 baths

$162,500

3 beds2 baths— sq ft

875 Enfield Rd, Memphis, TN 38116

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

$274,900

5 beds3 baths— sq ft

5276 Cresser St, 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 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 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 5246 Lochinvar Dr, Memphis, TN 38116, 3 beds, 1 bath

$79,900

3 beds1 bath— sq ft

5246 Lochinvar Dr, Memphis, TN 38116

Property at 1717 Berwind Rd, Memphis, TN 38116, 3 beds, 1.5 baths

$175,000

3 beds1.5 baths— sq ft

1717 Berwind Rd, Memphis, TN 38116

Property at 5020 Gardenwood Dr, Memphis, TN 38116, 4 beds, 3 baths

$259,900

4 beds3 baths— sq ft

5020 Gardenwood 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 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 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 4532 Kassell Rd, Memphis, TN 38116, 3 beds, 2 baths

$250,000

3 beds2 baths— sq ft

4532 Kassell Rd, Memphis, TN 38116

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

$169,000

3 beds2 baths— sq ft

4514 Boeingshire Dr, 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 1502 Mary Jane Ave, Memphis, TN 38116, 3 beds, 1 bath

$148,000

3 beds1 bath— sq ft

1502 Mary Jane Ave, Memphis, TN 38116

Property at 645 Dellrose Dr, Memphis, TN 38116, 4 beds, 2 baths

$174,900

4 beds2 baths— sq ft

645 Dellrose Dr, Memphis, TN 38116

Property at 4819 Rickard Rd, Memphis, TN 38116, 3 beds, 1 bath

$129,900

3 beds1 bath— sq ft

4819 Rickard Rd, Memphis, TN 38116

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

$114,900

3 beds2 baths— sq ft

4960 Loch Lomond Dr, Memphis, TN 38116

Property at 4278 Auburn Rd, Memphis, TN 38116, 3 beds, 2 baths

$158,000

3 beds2 baths— sq ft

4278 Auburn Rd, Memphis, TN 38116

Property at 1345 Hickory Ridge Cove Cv, Memphis, TN 38116, 4 beds, 3 baths

$249,500

4 beds3 baths— sq ft

1345 Hickory Ridge Cove 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

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

$109,900

3 beds1.5 baths— sq ft

4254 Sidney Rd, Memphis, TN 38116

Property at 1404 Old Hickory Rd, Memphis, TN 38116-4318, 3 beds, 3 baths

$134,900

3 beds3 baths— sq ft

1404 Old Hickory Rd, Memphis, TN 38116-4318

Property at 3643 W Big Bend Dr, Memphis, TN 38116, 3 beds, 1.5 baths

$178,900

3 beds1.5 baths— sq ft

3643 W Big Bend Dr, Memphis, TN 38116

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

$149,900

3 beds2 baths— sq ft

4424 Mickey Dr, Memphis, TN 38116

Property at 1992 Danberry Ave, Memphis, TN 38116, 3 beds, 2 baths

$224,000

3 beds2 baths— sq ft

1992 Danberry Ave, Memphis, TN 38116

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

$252,500

4 beds2.5 baths— sq ft

3639 Huckleberry St, 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 4094 Auburn Rd, Memphis, TN 38116, 3 beds, 2 baths

$134,900

3 beds2 baths— sq ft

4094 Auburn Rd, Memphis, TN 38116

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

$194,900

4 beds2 baths— sq ft

1421 Janis Dr, Memphis, TN 38116

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Cheap Homes for Sale in 38116

There are currently 80 cheap homes for sale in 38116 at a median listing price of $155K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38116 stay on the market for 67 days. This map is refreshed with the newest listings in 38116 every 15 minutes.

In the past month, 18 homes have been sold in 38116. In addition to houses in 38116, there were also 3 condos, 1 townhouse, and 2 multi-family units for sale in 38116 last month. 38116 is a minimally walkable zip code in Tennessee with a Walk Score of 31. 38116 is home to approximately 40,330 people and 19,036 jobs. Find your dream home in 38116 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 38116 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38116. If you're looking to sell your home in the 38116 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38116 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 Aug 20 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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