Cheap homes for sale & real estate in 38127, TN

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ABOUT THIS HOME
Cheap Home for sale in 38127, TN:
Investor Dream or Great Home for Potential Home whose looking for low monthly payments. Move-in Ready. Conveniently located close to schools, shopping centers and interstate. Idea property for City of Memphis(DPA) or THDA Program. Seller will help with buyer's closing costs. Schedule a private showing.

$67,850

3 beds1 bath— sq ft

2548 Sunny Hill Dr, Memphis, TN 38127

Move-in ready • Close to schools • Shopping centers

ABOUT THIS HOME
Cheap Home for sale in 38127, TN:
Investor Opportunity – 2BR/1BA Home in Frayser, TN. This income-producing property features a spacious backyard, off-street parking, and tenants already in place. Located near shopping centers, parks, schools, and major highways, it's just minutes from downtown Memphis. Offered as part of a 4-property investment package including - 1698 Rayner St ($90K), 1715 Whitney Ave ($82K), 690 Hazelwood Rd ($88K), and 3506 Kendrick Rd ($57K). Buy all 4 and get a discount. Showings with accepted offer only. Do not disturb tenants.

$82,000

2 beds1 bath— sq ft

1715 Whitney Ave, Memphis, TN 38127

Near schools • Spacious backyard • Near major highways

ABOUT THIS HOME
Cheap Home for sale in 38127, 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 blind offers and no wholesaler or assignment of contract offers will be accepted.

$99,900

3 beds1.5 baths— sq ft

5072 Blacksmith Dr, Memphis, TN 38127

6,969 sq ft lot • Built 1972 • Listed 84 days

ABOUT THIS HOME
Cheap Home for sale in 38127, TN:
Look HERE!! This fully renovated 3bed/ 1.5 Bathroom home is waiting for you! Perfect for a Starter home, downsizing, or looking to ADD to that Rental Portfolio? Complete with Dining Room and Laundry Space set off the Kitchen. NEW HVAC, FLOORING, electrical, lighting fixtures, just to name a few of these Upgrades! Check out how much space there is in that fenced-in back yard. .. and so close to amenities! Don't wait to make your appointment to see this fabulous home today!

$135,000

3 beds1.5 baths— sq ft

2384 St Elmo Ave, Memphis, TN 38127

Fully renovated • Laundry space • New hvac

ABOUT THIS HOME
Cheap Home for sale in 38127, TN:
Beautifully renovated home nestled on a hill!! New flooring and appliances!!! granite counter tops and tile backsplash!!! A must see in the Frayser Community!

$80,000

2 beds1 bath— sq ft

4010 Overton Crossing Rd, Memphis, TN 38127

Renovated home • Granite counter tops • Tile backsplash

Property at 2144 St Elmo Ave, Memphis, TN 38127, 3 beds, 1 bath

$99,900

3 beds1 bath— sq ft

2144 St Elmo Ave, Memphis, TN 38127

Property at 2303 St Elmo Ave, Memphis, TN 38127, 3 beds, 1.5 baths

$104,900

3 beds1.5 baths— sq ft

2303 St Elmo Ave, Memphis, TN 38127

Property at 4008 Macaulay Cv N, Memphis, TN 38127, 3 beds, 2 baths

$95,000

3 beds2 baths— sq ft

4008 Macaulay Cv N, Memphis, TN 38127

Property at 4472 Rachel Dr, Memphis, TN 38127, 3 beds, 1 bath

$69,900

3 beds1 bath— sq ft

4472 Rachel Dr, Memphis, TN 38127

Property at 3558 Kensett Dr, Memphis, TN 38127, 3 beds, 1 bath

$119,900

3 beds1 bath— sq ft

3558 Kensett Dr, Memphis, TN 38127

Property at 3159 Overton Crossing St, Memphis, TN 38127, 3 beds, 1 bath

$124,900

3 beds1 bath— sq ft

3159 Overton Crossing St, Memphis, TN 38127

Property at 4589 Range Line Rd, Memphis, TN 38127, 4 beds, 2 baths

$169,000

4 beds2 baths— sq ft

4589 Range Line Rd, Memphis, TN 38127

Property at 891 Par Ave, Memphis, TN 38127, 3 beds, 1 bath

$98,000

3 beds1 bath— sq ft

891 Par Ave, Memphis, TN 38127

Property at 3270 Frayser View Dr, Memphis, TN 38127, 3 beds, 1.5 baths

$119,900

3 beds1.5 baths— sq ft

3270 Frayser View Dr, Memphis, TN 38127

Property at 1947 Tulsa Ave, Memphis, TN 38127, 4 beds, 2 baths

$124,900

4 beds2 baths— sq ft

1947 Tulsa Ave, Memphis, TN 38127

Property at 5046 Breckenwood Dr, Memphis, TN 38127, 4 beds, 2 baths

$175,000

4 beds2 baths— sq ft

5046 Breckenwood Dr, Memphis, TN 38127

Property at 2531 Smith Ridge Rd, Memphis, TN 38127, 4 beds, 2 baths

$175,000

4 beds2 baths— sq ft

2531 Smith Ridge Rd, Memphis, TN 38127

Property at 1525 Corning Ave, Memphis, TN 38127, 4 beds, 2 baths

$175,000

4 beds2 baths— sq ft

1525 Corning Ave, Memphis, TN 38127

Property at 3603 Sunrise Ave, Memphis, TN 38127, 4 beds, 1 bath

$80,000

4 beds1 bath— sq ft

3603 Sunrise Ave, Memphis, TN 38127

Property at 4439 Sunny View Dr, Memphis, TN 38127, 4 beds, 2 baths

$175,000

4 beds2 baths— sq ft

4439 Sunny View Dr, Memphis, TN 38127

Property at 4438 Sunny View Dr, Memphis, TN 38127, 4 beds, 2 baths

$175,000

4 beds2 baths— sq ft

4438 Sunny View Dr, Memphis, TN 38127

Property at 1725 Ontario Ave, Memphis, TN 38127, 6 beds, 4 baths

$310,000

6 beds4 baths— sq ft

1725 Ontario Ave, Memphis, TN 38127

Property at 1724 Ontario Ave, Memphis, TN 38127, 6 beds, 4 baths

$310,000

6 beds4 baths— sq ft

1724 Ontario Ave, Memphis, TN 38127

Property at 3230 Ardmore St, Memphis, TN 38127, 3 beds, 1 bath

$87,500

3 beds1 bath— sq ft

3230 Ardmore St, Memphis, TN 38127

Property at 497 Elmfield Cv, Memphis, TN 38127, 3 beds, 2 baths

$120,000

3 beds2 baths— sq ft

497 Elmfield Cv, Memphis, TN 38127

Property at 3215 University St, Memphis, TN 38127, 2 beds, 1 bath

$105,000

2 beds1 bath— sq ft

3215 University St, Memphis, TN 38127

Property at 1686 Alta Vista Dr, Memphis, TN 38127, 3 beds, 2 baths

$120,000

3 beds2 baths— sq ft

1686 Alta Vista Dr, Memphis, TN 38127

Property at 1740 Carlyle Dr, Memphis, TN 38127, 3 beds, 2 baths

$140,000

3 beds2 baths— sq ft

1740 Carlyle Dr, Memphis, TN 38127

Property at 823 Bitter Creek Cv, Memphis, TN 38127, 4 beds, 2 baths

$144,900

4 beds2 baths— sq ft

823 Bitter Creek Cv, Memphis, TN 38127

Property at 1343 Dove St, Memphis, TN 38127, 3 beds, 1.5 baths

$155,500

3 beds1.5 baths— sq ft

1343 Dove St, Memphis, TN 38127

Property at 3189 Morningside St, Memphis, TN 38127, 2 beds, 1 bath

$94,000

2 beds1 bath— sq ft

3189 Morningside St, Memphis, TN 38127

Property at 597 Frayser Dr, Memphis, TN 38127, 3 beds, 1 bath

$89,000

3 beds1 bath— sq ft

597 Frayser Dr, Memphis, TN 38127

Property at 1820 St Elmo Ave, Memphis, TN 38127, 3 beds, 1.5 baths

$94,900

3 beds1.5 baths— sq ft

1820 St Elmo Ave, Memphis, TN 38127

Property at 4530 Beacon Hill Dr, Memphis, TN 38127, 3 beds, 1 bath

$100,000

3 beds1 bath— sq ft

4530 Beacon Hill Dr, Memphis, TN 38127

Property at 881 Northaven Dr, Memphis, TN 38127, 3 beds, 1 bath

$89,900

3 beds1 bath— sq ft

881 Northaven Dr, Memphis, TN 38127

Property at 3453 Denver Rd, Memphis, TN 38127, 3 beds, 1 bath

$84,900

3 beds1 bath— sq ft

3453 Denver Rd, Memphis, TN 38127

Property at 2279 Pueblo Ave, Memphis, TN 38127, 3 beds, 1 bath

$124,500

3 beds1 bath— sq ft

2279 Pueblo Ave, Memphis, TN 38127

Property at 3557 N Trezevant St, Memphis, TN 38127, 3 beds, 1.5 baths

$115,000

3 beds1.5 baths— sq ft

3557 N Trezevant St, Memphis, TN 38127

Property at 3969 Ridgedale St, Memphis, TN 38127, 3 beds, 1 bath

$95,000

3 beds1 bath— sq ft

3969 Ridgedale St, Memphis, TN 38127

Property at 3909 Range Line Rd, Memphis, TN 38127, 3 beds, 1 bath

$132,500

3 beds1 bath— sq ft

3909 Range Line Rd, Memphis, TN 38127

Property at 596 Burdette Ave, Memphis, TN 38127, 3 beds, 1.5 baths

$150,000

3 beds1.5 baths— sq ft

596 Burdette Ave, Memphis, TN 38127

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Cheap Homes for Sale in 38127

There are currently 289 cheap homes for sale in 38127 at a median listing price of $106K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 38127 stay on the market for 91 days. This map is refreshed with the newest listings in 38127 every 15 minutes.

In the past month, 36 homes have been sold in 38127. In addition to houses in 38127, there was also 1 condo, 3 townhouses, and 7 multi-family units for sale in 38127 last month. Find your dream home in 38127 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 38127 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38127. If you're looking to sell your home in the 38127 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38127 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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