Cheap homes for sale & real estate in 38118, TN

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NEW 30 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in 38118, TN:
First-time homebuyer alert! This newly constructed home is available exclusively to low to moderate-income first-time homebuyers. No investors. 4-bedroom, 2-bath home with a 1-year builder warranty located in a quiet neighborhood in the Oakhaven area. Features 9-foot ceilings, wood laminate flooring throughout, and a storage room in the carport. The range/oven, dishwasher, and microwave will be installed before closing. One-year builder warranty. Downpayment assistance is available. Home is near the park, which is great for leisure walks and family outings. Just 10 minutes away from the Southaven area for great shopping and eating.

$200,000

4 beds2 baths— sq ft

5243 Zodiac Rd, Memphis, TN 38118

Storage room • Quiet neighborhood • Near the park

ABOUT THIS HOME
Cheap Home for sale in 38118, TN:
Call appointment number for showings, easy show. * Recently renovated * 3bd/1.5ba home! This home is outfitted with a revamped kitchen with fresh white cabinets and beautiful granite countertops. Luxury vinyl flooring runs throughout the entire property, new tile on the floor and shower, fresh paint, all new light fixtures and much more!!

$139,000

3 beds1.5 baths— sq ft

3249 Goodlett Rd, Memphis, TN 38118

Fresh paint • New tile • New light fixtures

ABOUT THIS HOME
Cheap Home for sale in 38118, TN:
INVESTORS ONLY! Tenant occupied duplex (2 bed, 1 1/2 bath each unit) currently rented at $895/mo. each (total $1,790/mo. ) This could be a great addition to your rental portfolio. Professionally managed by Mid South Home Rentals. Tenants pay all utilities (Gas, water, electric). This property is right next door to a brand new construction home (tons of exciting activity nearby). Home has low maintenance, vinyl siding exterior. Seller also selling 1573 Jay ($79,900) and 3483 Julia ($89,900). Can buy individually or in bulk. Make all offers contingent on interior access (no showings until an accepted offer. ) No sign in the yard. Please do not disturb or approach the tenant. No Creative or Ow

$155,000

4 beds3 baths— sq ft

3536 Christine Rd, Memphis, TN 38118

6,534 sq ft lot • Built 1985 • Listed 2 days

ABOUT THIS HOME
Cheap Home for sale in 38118, TN:
Great 3-bedroom 2 bath home with great price. A must see.

$129,900

3 beds1 bath— sq ft

4511 Sumners Wells Rd, Memphis, TN 38118

5,662 sq ft lot • Built 1974 • Listed 2 days

NEW 32 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in 38118, TN:
First-time homebuyer alert! This newly constructed home is available exclusively to low-to-moderate-income first-time homebuyers. NO INVESTORS! 4-bedroom, 2-bath home with a 1-year builder warranty located in a quiet neighborhood in the Oakhaven area. Features 9-foot ceilings, wood laminate flooring throughout, and a storage room in the carport. The range/oven, dishwasher, and microwave will be installed before closing. One-year builder's warranty. Downpayment assistance is available. Home is near the park, which is great for leisure walks and family outings. Just 10 minutes away from the Southaven area for great shopping and eating.

$200,000

4 beds2 baths— sq ft

5249 Zodiac Rd, Memphis, TN 38118

Storage room • Quiet neighborhood • Near the park

Property at 5151 Wooddale Ave, Memphis, TN 38118, 3 beds, 2 baths

$155,900

3 beds2 baths— sq ft

5151 Wooddale Ave, Memphis, TN 38118

Property at 4855 Shulman Cv, Memphis, TN 38118, 5 beds, 3 baths

$164,900

5 beds3 baths— sq ft

4855 Shulman Cv, Memphis, TN 38118

Property at 4580 Cottonwood Rd, Memphis, TN 38118, 3 beds, 2 baths

$105,000

3 beds2 baths— sq ft

4580 Cottonwood Rd, Memphis, TN 38118

Property at 4227 Arrowood Ave, Memphis, TN 38118, 3 beds, 1.5 baths

$150,000

3 beds1.5 baths— sq ft

4227 Arrowood Ave, Memphis, TN 38118

Property at 3472 Castleman St, Memphis, TN 38118, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

3472 Castleman St, Memphis, TN 38118

Property at 3016 Croley Dr, Memphis, TN 38118, 3 beds, 1.5 baths

$180,000

3 beds1.5 baths— sq ft

3016 Croley Dr, Memphis, TN 38118

Property at 4898 Knight Arnold Rd, Memphis, TN 38118, 3 beds, 2 baths

$134,900

3 beds2 baths— sq ft

4898 Knight Arnold Rd, Memphis, TN 38118

Property at 4528 Sugar Creek Rd, Memphis, TN 38118, 3 beds, 1 bath

$129,900

3 beds1 bath— sq ft

4528 Sugar Creek Rd, Memphis, TN 38118

Property at 4797 Myrlen Dr, Memphis, TN 38118, 3 beds, 2 baths

$65,000

3 beds2 baths1,685 sq ft

4797 Myrlen Dr, Memphis, TN 38118

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 3206 Cookie Cv, Memphis, TN 38118, 6 beds, 4 baths

$190,000

6 beds4 baths— sq ft

3206 Cookie Cv, Memphis, TN 38118

Property at 3382 Woodhollow Dr Unit 3382/3384, Memphis, TN 38118, 3 beds, 2 baths

$170,000

3 beds2 baths— sq ft

3382 Woodhollow Dr Unit 3382/3384, Memphis, TN 38118

Property at 3193 Rendezvous Ln, Memphis, TN 38118, 3 beds, 1.5 baths

$149,900

3 beds1.5 baths— sq ft

3193 Rendezvous Ln, Memphis, TN 38118

Property at 3419 Freland Dr, Memphis, TN 38118, 3 beds, 2 baths

$145,000

3 beds2 baths— sq ft

3419 Freland Dr, Memphis, TN 38118

Property at 5275 Scottsdale Ave #9, Memphis, TN 38118, 3 beds, 2.5 baths

$149,900

3 beds2.5 baths— sq ft

5275 Scottsdale Ave #9, Memphis, TN 38118

Property at 4721 Queens Lace Ct #56, Memphis, TN 38118, 2 beds, 2 baths

$65,000

2 beds2 baths— sq ft

4721 Queens Lace Ct #56, Memphis, TN 38118

Property at 3804 High Bridge Ct #41, Memphis, TN 38118, 2 beds, 1.5 baths

$14,900

2 beds1.5 baths— sq ft

3804 High Bridge Ct #41, Memphis, TN 38118

Property at 4809 Bridgedale Ave, Memphis, TN 38118, 3 beds, 2 baths

$194,900

3 beds2 baths— sq ft

4809 Bridgedale Ave, Memphis, TN 38118

Property at 2747 Merle St, Memphis, TN 38118, 3 beds, 2 baths

$139,500

3 beds2 baths— sq ft

2747 Merle St, Memphis, TN 38118

Property at 3287 Boxdale St, Memphis, TN 38118, 3 beds, 2 baths

$130,000

3 beds2 baths— sq ft

3287 Boxdale St, Memphis, TN 38118

Property at 5259 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5259 Zodiac Rd, Memphis, TN 38118

Property at 5253 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5253 Zodiac Rd, Memphis, TN 38118

Property at 5263 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5263 Zodiac Rd, Memphis, TN 38118

Property at 4003 Comanche Rd, Memphis, TN 38118, 3 beds, 2.5 baths

$125,000

3 beds2.5 baths— sq ft

4003 Comanche Rd, Memphis, TN 38118

Property at 2831 Redwing Rd, Memphis, TN 38118, 3 beds, 1.5 baths

$97,000

3 beds1.5 baths— sq ft

2831 Redwing Rd, Memphis, TN 38118

Property at 3213 Applewood Cv, Memphis, TN 38118, 3 beds, 2 baths

$130,000

3 beds2 baths— sq ft

3213 Applewood Cv, Memphis, TN 38118

Property at 3190 Applewood Cv, Memphis, TN 38118, 3 beds, 2 baths

$160,000

3 beds2 baths— sq ft

3190 Applewood Cv, Memphis, TN 38118

Property at 3083 Arrendale St, Memphis, TN 38118, 3 beds, 2 baths

$155,900

3 beds2 baths— sq ft

3083 Arrendale St, Memphis, TN 38118

Property at 3607 Orange Blossom Ct #66, Memphis, TN 38118, 2 beds, 2 baths

$62,000

2 beds2 baths— sq ft

3607 Orange Blossom Ct #66, Memphis, TN 38118

Property at 4778 Daphne Rd, Memphis, TN 38118, 3 beds, 2 baths

$109,900

3 beds2 baths— sq ft

4778 Daphne Rd, Memphis, TN 38118

Property at 3526 Christine Rd, Memphis, TN 38118, 4 beds, 4 baths

$175,000

4 beds4 baths6,795 sq ft

3526 Christine Rd, Memphis, TN 38118

Property at 2865 Danville St, Memphis, TN 38118, 3 beds, 1.5 baths

$181,000

3 beds1.5 baths— sq ft

2865 Danville St, Memphis, TN 38118

Property at 4616 Blanding Dr, Memphis, TN 38118, 4 beds, 2 baths

$139,000

4 beds2 baths— sq ft

4616 Blanding Dr, Memphis, TN 38118

Property at 3763 Clearbrook St, Memphis, TN 38118, 3 beds, 1.5 baths

$112,000

3 beds1.5 baths— sq ft

3763 Clearbrook St, Memphis, TN 38118

Property at 3758 Oak Shade Cv, Memphis, TN 38118, 3 beds, 2 baths

$134,000

3 beds2 baths— sq ft

3758 Oak Shade Cv, Memphis, TN 38118

Property at 4787 Townhouse Way, Memphis, TN 38118, 3 beds, 2 baths

$94,500

3 beds2 baths— sq ft

4787 Townhouse Way, Memphis, TN 38118

Property at 3171 Celt Cv, Memphis, TN 38118, 4 beds, 2 baths

$234,900

4 beds2 baths— sq ft

3171 Celt Cv, Memphis, TN 38118

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Cheap Homes for Sale in 38118

There are currently 79 cheap homes for sale in 38118 at a median listing price of $138K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38118 stay on the market for 49 days and receive 1 offers. This map is refreshed with the newest listings in 38118 every 15 minutes.

In the past month, 21 homes have been sold in 38118. In addition to houses in 38118, there were also 8 condos, 4 townhouses, and 3 multi-family units for sale in 38118 last month. 38118 is a minimally walkable zip code in Shelby County with a Walk Score of 35. 38118 is home to approximately 41,741 people and 66,422 jobs. Find your dream home in 38118 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 38118 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38118. If you're looking to sell your home in the 38118 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38118 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 Nov 28 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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