Cheap homes for sale & real estate in 38159, TN

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ABOUT THIS HOME
Cheap Home for sale in 38159, TN:
Property tenant occupied. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

$75,000

2 beds2 baths— sq ft

784 Looney Ave, Memphis, TN 38107

2,613 sq ft lot • Built 1927 • Listed 528 days

ABOUT THIS HOME
Cheap Home for sale in 38159, TN:
SHORT TERM RENTAL!! Very successful short-term rental in the heart of the South Main Historic District. 2 bedroom/ 2 bath split floor plan, washer & dryer, small complex. Walk to all of your favorite Downtown events and dining. Comes with dedicated, gated parking, fully furnished, will transfer all future bookings. Low HOA includes trash, internet and water.

$349,500

2 beds2 baths— sq ft

85 Vance Ave #201, Memphis, TN 38103

Fully furnished • Built 2004 • Listed 145 days

ABOUT THIS HOME
Cheap Home for sale in 38159, TN:
Price drop. .A Great Investment Opportunity. If you're looking for your next project this is it. Downtown location near the medical district with lots of opportunity. In the center of everything you would need. The opportunities currently in downtown consist of downtown revitalization, historic renovations, and the potential for high-yield, residential, or commercial projects in a business-friendly area. TN is a tax-advantageous state. A great place homeowner, if you’re looking for a home to renovate and call your own. The downtown lifestyle is one to explore where you can truly work live and play. New Kitchen Cabinet installed by Home Depot, painted, New Window throughout the home, L

$174,900

3 beds1 bath— sq ft

222 Leath St, Memphis, TN 38105

New kitchen cabinet • Medical district • Historic renovations

ABOUT THIS HOME
Cheap Home for sale in 38159, TN:
Property tenant occupied. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

$135,000

6 beds2 baths— sq ft

876 N Third St, Memphis, TN 38107

5,227 sq ft lot • Built 1915 • Listed 528 days

ABOUT THIS HOME
Cheap Home for sale in 38159, TN:
Vacant. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

$80,000

3 beds1 bath— sq ft

680 Looney Ave, Memphis, TN 38107

3,920 sq ft lot • Built 1900 • Listed 528 days

Property at 692 Looney Ave, Memphis, TN 38107, 2 beds, 1 bath

$75,000

2 beds1 bath— sq ft

692 Looney Ave, Memphis, TN 38107

Property at 676 Looney Ave, Memphis, TN 38107, 2 beds, 1 bath

$80,000

2 beds1 bath— sq ft

676 Looney Ave, Memphis, TN 38107

Property at 226 Greenlaw Ave, Memphis, TN 38105, 2 beds, 1 bath

$150,000

2 beds1 bath725 sq ft

226 Greenlaw Ave, Memphis, TN 38105

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 618 Bb King Blvd, Memphis, TN 38126

$299,000

Land0.97 acre (lot)

618 Bb King Blvd, Memphis, TN 38126

Property at 430 N Front St, Memphis, TN 38103

$280,000

Land0.25 acre (lot)

430 N Front St, Memphis, TN 38103

Property at 561 Exchange Ave, Memphis, TN 38105

$29,000

Land5,227 sq ft (lot)

561 Exchange Ave, Memphis, TN 38105

Property at 891 Keel Ave, Memphis, TN 38107

$12,000

Land1,306 sq ft (lot)

891 Keel Ave, Memphis, TN 38107

Property at 597 Alabama Ave, Memphis, TN 38105

$85,000

Land0.29 acre (lot)

597 Alabama Ave, Memphis, TN 38105

Property at 0 N Orleans St, Memphis, TN 38105

$145,000

Land0.27 acre (lot)

0 N Orleans St, Memphis, TN 38105

Property at 229 Leath St, Memphis, TN 38105

$49,900

Land4,356 sq ft (lot)

229 Leath St, Memphis, TN 38105

Property at 762 Leath St, Memphis, TN 38107

$12,000

Land3,484 sq ft (lot)

762 Leath St, Memphis, TN 38107

Property at 387 Leath St, Memphis, TN 38105

$45,000

Land1,742 sq ft (lot)

387 Leath St, Memphis, TN 38105

Property at 226 Chelsea Ave, Memphis, TN 38107

$300,000

Land0.52 acre (lot)

226 Chelsea Ave, Memphis, TN 38107

Property at 743 E Pontotoc Ave, Memphis, TN 38126

$75,000

Land6,969 sq ft (lot)

743 E Pontotoc Ave, Memphis, TN 38126

Property at 688 Looney Ave, Memphis, TN 38107

$40,000

Land3,920 sq ft (lot)

688 Looney Ave, Memphis, TN 38107

Property at 705 E Pontotoc Ave, Memphis, TN 38126

$225,000

Land0.94 acre (lot)

705 E Pontotoc Ave, Memphis, TN 38126

Property at 935 Tully St, Memphis, TN 38107

$20,000

Land4,791 sq ft (lot)

935 Tully St, Memphis, TN 38107

Property at 944 Tully St, Memphis, TN 38107

$20,000

Land0.26 acre (lot)

944 Tully St, Memphis, TN 38107

Property at 933 Tully St, Memphis, TN 38107

$20,000

Land4,791 sq ft (lot)

933 Tully St, Memphis, TN 38107

Property at 307 Leath St, Memphis, TN 38105

$29,999

Land5,662 sq ft (lot)

307 Leath St, Memphis, TN 38105

Property at 937 Tully St, Memphis, TN 38107

$20,000

Land4,791 sq ft (lot)

937 Tully St, Memphis, TN 38107

Property at 679 E Pontotoc Ave, Memphis, TN 38126

$142,000

Land0.42 acre (lot)

679 E Pontotoc Ave, Memphis, TN 38126

Property at 648 E Pontotoc Ave, Memphis, TN 38126

$440,000

Land1.66 acres (lot)

648 E Pontotoc Ave, Memphis, TN 38126

Property at 305 Ayers St, Memphis, TN 38105

$20,000

Land3,484 sq ft (lot)

305 Ayers St, Memphis, TN 38105

Property at 0 Vance Ave SE, Memphis, TN 38103

$250,000

Land6,969 sq ft (lot)

0 Vance Ave SE, Memphis, TN 38103

Property at 410 Orleans St, Memphis, TN 38126

$34,900

Land0.24 acre (lot)

410 Orleans St, Memphis, TN 38126

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 0 S Lauderdale St, Memphis, TN 38126

$5,000

Land3,484 sq ft (lot)

0 S Lauderdale St, Memphis, TN 38126

Listing provided by REALTRACS as Distributed by MLS Grid

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Cheap Homes for Sale in 38159

There are currently 155 cheap homes for sale in 38159. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 38159 every 15 minutes.

Find your dream home in 38159 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 38159 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 38159. If you're looking to sell your home in the 38159 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 38159 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 Wed Oct 14 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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