Cheap homes for sale & real estate in 38122, TN

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ABOUT THIS HOME
Cheap Home for sale in 38122, TN:
This unique property offers a rare opportunity, presenting a versatile layout ideal for owner occupants or potential multi-tenant rental income. The 1700+/- sq ft main house features a 3-bedroom, 2-bathroom residence recently updated with fresh paint and newly renovated kitchen and bathrooms. It has beautiful hardwood floors, an office, and a sunroom with access to a cozy private nook on the back deck. Just out of the backdoor, is a separate 350+/- sq ft guest house with a full kitchen and bath to use for guests, a tenant, or a dedicated home office. Attached to the guest house is a 550+/- sq ft garage/workshop featuring an additional washer/dryer connection, which could easily be converted

$294,000

3 beds2 baths— sq ft

1020 Sandra St, Memphis, TN 38122

Versatile layout • Full kitchen • Stunning backyard

ABOUT THIS HOME
Cheap Home for sale in 38122, TN:
Discover a great investment opportunity in East Memphis. This 3 bedroom, 2.5 bath unit at 443 Highland St Apt 2 is being sold as-is and is ready for your updates and personal touch. Located within 10 minutes from the Liberty Bowl, U of M, and Cooper-Young, this property offers unbeatable convenience and strong rental potential. Perfect for investors or anyone looking to add value. Don’t miss it!

$144,900

3 beds2.5 baths— sq ft

443 N Highland St #2, Memphis, TN 38122

East memphis • Parking • Built 1965

ABOUT THIS HOME
Cheap Home for sale in 38122, TN:
Welcome to this charming 2 bed, 1 bath home in the desirable Berclair area. Features authentic hardwood flooring, a beautifully updated bathroom with new shower and floor tile, and a modern kitchen boasting new cabinets and granite countertops. Enjoy a spacious private backyard perfect for relaxation and entertaining. Don't miss out on this lovely home!

$169,900

2 beds1 bath— sq ft

989 Wingfield Rd, Memphis, TN 38122

Hardwood flooring • Private backyard • Modern kitchen

ABOUT THIS HOME
Cheap Home for sale in 38122, TN:
Welcome to your next investment or future headache-free home! This charming 3-bedroom, 2-bathroom house in the heart of Memphis is ready for you. The roof and HVAC are both under five years old, which means fewer surprise expenses. Recently painted with tiled and hardwood laminate flooring. Currently tenant-occupied at $1,400/month on a month-to-month lease, meaning you can either keep the rent rolling in or reclaim the space for yourself. It’s FHA loan ready!! Please do not disturb the tenant.

$159,000

3 beds2 baths— sq ft

3455 Rosamond Ave, Memphis, TN 38122

Tiled flooring • 0.35 acre lot • Parking

ABOUT THIS HOME
Cheap Home for sale in 38122, TN:
Welcome to your new home! This charming two-bedroom, one-bathroom is perfect for those looking to take their first step toward homeownership. With an extra space that you can convert into anything you want, such as an office or a play area, the possibilities are endless. Imagine relaxing in your comfortable bedrooms, with ceiling fans that add a cozy touch and keep you cool on those hot days. Central air conditioning will ensure you're always comfortable, no matter the season. Everything has been freshly painted, so you can enjoy a fresh, clean environment from day one. The bathrooms have been updated, so you won't have to worry about anything other than moving in and enjoying yourself. Thi

$140,000

2 beds1 bath— sq ft

3678 Mason Ave, Memphis, TN 38122

Ceiling fans • Freshly painted • Updated bathrooms

Property at 823 Novarase St, Memphis, TN 38122, 3 beds, 2 baths

$249,500

3 beds2 baths2,094 sq ft

823 Novarase St, Memphis, TN 38122

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 3600 Powell Ave, Memphis, TN 38122, 4 beds, 2 baths

$198,901

4 beds2 baths1,572 sq ft

3600 Powell Ave, Memphis, TN 38122

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 1236 Darlow St, Memphis, TN 38122, 3 beds, 1 bath

$135,000

3 beds1 bath— sq ft

1236 Darlow St, Memphis, TN 38122

Property at 4550 Durbin Ave, Memphis, TN 38122, 3 beds, 1 bath

$160,000

3 beds1 bath— sq ft

4550 Durbin Ave, Memphis, TN 38122

Property at 1047 N Highland Dr N, Memphis, TN 38122, 3 beds, 1 bath

$130,000

3 beds1 bath— sq ft

1047 N Highland Dr N, Memphis, TN 38122

Property at 3333 Farmville Rd, Memphis, TN 38122, 3 beds, 2 baths

$162,500

3 beds2 baths— sq ft

3333 Farmville Rd, Memphis, TN 38122

Property at 4208 Given Ave, Memphis, TN 38122, 3 beds, 2 baths

$209,901

3 beds2 baths— sq ft

4208 Given Ave, Memphis, TN 38122

Property at 3255 Macon Rd, Memphis, TN 38122, 3 beds, 2 baths

$135,000

3 beds2 baths— sq ft

3255 Macon Rd, Memphis, TN 38122

Property at 1196 Wells Station Rd, Memphis, TN 38122, 3 beds, 2 baths

$135,000

3 beds2 baths— sq ft

1196 Wells Station Rd, Memphis, TN 38122

Property at 501 Gerald Rd, Memphis, TN 38122, 3 beds, 2 baths

$265,000

3 beds2 baths— sq ft

501 Gerald Rd, Memphis, TN 38122

Property at 3727 N Swan Ridge Cir N, Memphis, TN 38122, 3 beds, 2 baths

$269,900

3 beds2 baths— sq ft

3727 N Swan Ridge Cir N, Memphis, TN 38122

Property at 386 N Highland St, Memphis, TN 38122, 4 beds, 3.5 baths

$439,000

4 beds3.5 baths— sq ft

386 N Highland St, Memphis, TN 38122

Property at 475 N Highland St Unit 10K, Memphis, TN 38122, 2 beds, 2 baths

$115,000

2 beds2 baths— sq ft

475 N Highland St Unit 10K, Memphis, TN 38122

Property at 3520 Kenwood Ave, Memphis, TN 38122, 2 beds, 2 baths

$269,900

2 beds2 baths— sq ft

3520 Kenwood Ave, Memphis, TN 38122

Property at 3743 Given Ave, Memphis, TN 38122, 4 beds, 2 baths

$215,000

4 beds2 baths— sq ft

3743 Given Ave, Memphis, TN 38122

Property at 995 Avon Rd, Memphis, TN 38122, 3 beds, 2 baths

$178,750

3 beds2 baths— sq ft

995 Avon Rd, Memphis, TN 38122

Property at 4138 Macon Rd, Memphis, TN 38122, 4 beds, 2 baths

$140,000

4 beds2 baths— sq ft

4138 Macon Rd, Memphis, TN 38122

Property at 657 N Holmes St, Memphis, TN 38122, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

657 N Holmes St, Memphis, TN 38122

Property at 3307 Guernsey Ave, Memphis, TN 38122, 3 beds, 1 bath

$114,900

3 beds1 bath— sq ft

3307 Guernsey Ave, Memphis, TN 38122

Property at 3529 Johnwood Dr, Memphis, TN 38122, 3 beds, 2 baths

$294,000

3 beds2 baths— sq ft

3529 Johnwood Dr, Memphis, TN 38122

Property at 3697 Shirlwood Ave, Memphis, TN 38122, 2 beds, 1 bath

$259,900

2 beds1 bath— sq ft

3697 Shirlwood Ave, Memphis, TN 38122

Property at 4205 Tutwiler Ave, Memphis, TN 38122, 4 beds, 3 baths

$350,000

4 beds3 baths— sq ft

4205 Tutwiler Ave, Memphis, TN 38122

Property at 4047 Allison Ave, Memphis, TN 38122, 3 beds, 2 baths

$299,500

3 beds2 baths— sq ft

4047 Allison Ave, Memphis, TN 38122

Property at 3306 Macon Rd, Memphis, TN 38122, 3 beds, 2 baths

$159,900

3 beds2 baths— sq ft

3306 Macon Rd, Memphis, TN 38122

Property at 1345 Maria St, Memphis, TN 38122, 2 beds, 1 bath

$100,000

2 beds1 bath— sq ft

1345 Maria St, Memphis, TN 38122

Property at 599 Isabelle St, Memphis, TN 38122, 3 beds, 1 bath

$138,500

3 beds1 bath— sq ft

599 Isabelle St, Memphis, TN 38122

Property at 4864 Bowen Ave, Memphis, TN 38122, 2 beds, 1 bath

$127,000

2 beds1 bath— sq ft

4864 Bowen Ave, Memphis, TN 38122

Property at 1105 Stratford Rd, Memphis, TN 38122, 2 beds, 1 bath

$184,900

2 beds1 bath— sq ft

1105 Stratford Rd, Memphis, TN 38122

Property at 1232 Vaughn Rd, Memphis, TN 38122, 3 beds, 2 baths

$139,900

3 beds2 baths— sq ft

1232 Vaughn Rd, Memphis, TN 38122

Property at 982 Giaroli Dr, Memphis, TN 38122, 3 beds, 1.5 baths

$174,500

3 beds1.5 baths— sq ft

982 Giaroli Dr, Memphis, TN 38122

Property at 1455 Salem St, Memphis, TN 38122, 3 beds, 1 bath

$95,000

3 beds1 bath— sq ft

1455 Salem St, Memphis, TN 38122

Property at 4563 Violet Ave, Memphis, TN 38122, 3 beds, 1 bath

$160,000

3 beds1 bath— sq ft

4563 Violet Ave, Memphis, TN 38122

Property at 1370 Isabelle St, Memphis, TN 38122, 3 beds, 2 baths

$141,900

3 beds2 baths— sq ft

1370 Isabelle St, Memphis, TN 38122

Property at 4381 Janice Ave, Memphis, TN 38122, 2 beds, 1 bath

$189,500

2 beds1 bath— sq ft

4381 Janice Ave, Memphis, TN 38122

Property at 3725 Tutwiler Ave, Memphis, TN 38122, 3 beds

$164,500

3 beds— baths— sq ft

3725 Tutwiler Ave, Memphis, TN 38122

Property at 4227 Tutwiler Ave, Memphis, TN 38122, 4 beds, 3 baths

$340,000

4 beds3 baths— sq ft

4227 Tutwiler Ave, Memphis, TN 38122

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Cheap Homes for Sale in 38122

There are currently 78 cheap homes for sale in 38122 at a median listing price of $173K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38122 stay on the market for 78 days and receive 1 offers. This map is refreshed with the newest listings in 38122 every 15 minutes.

In the past month, 20 homes have been sold in 38122. In addition to houses in 38122, there were also 19 condos, 2 townhouses, and 6 multi-family units for sale in 38122 last month. 38122 is a minimally walkable zip code in Shelby County with a Walk Score of 45. 38122 is home to approximately 25,261 people and 5,951 jobs. Find your dream home in 38122 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 38122 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38122. If you're looking to sell your home in the 38122 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38122 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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