Homes for Sale in 38118

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  /32

  $175,000

  • 4 Beds
  • 3 Baths
  • 1,849 Sq Ft

  3274 Gaylord Ln, Memphis, TN 38118

  A Memphis gem with flexible living and split bedroom plan. This spacious 4-bedroom, 3-bath Memphis home is move-in ready and waiting for new energy. Newly refinished hardwood floors, fresh paint throughout, and a brand-new dishwasher, this property welcomes the next family home. The plumbing has already been replaced (to the street), offering peace of mind for years to come. Enjoy a flexible

  

  Sherry Harbur

  Harbur Realty

  (901) 660-4209

  3274 Gaylord Ln, Memphis, TN 38118
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  /2

  $180,880

  • 3 Beds
  • 2 Baths
  • 1,758 Sq Ft

  4154 Arrowhead Rd, Memphis, TN 38118

  Renovated rental property with an active lease in place. Currently leased at $835 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 589-5118

  4154 Arrowhead Rd, Memphis, TN 38118
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  /29

  $90,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  4787 Townhouse Way, Memphis, TN 38118

  *** Do Not Disturb Tenant*** Newly Renovated Condo located in East Memphis. Section 8 Tenant in place for $997, MHA Approved on 9/30/25. Property is 3 Bedrooms 2 baths, 1 Bedroom downstairs and 2 Upstairs. Property was Purchased in a Tax Sale, Seller has owned the property less than a Year (Buyer Must close with Saddle Creek Only) Title Insurance can possibly be Purchased with an Attached Risk

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 295-3713

  4787 Townhouse Way, Memphis, TN 38118
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  /2

  $65,000

  • 2 Beds
  • 2 Baths
  • 1,000+ Sq Ft

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118

  Back on the Market! This nice 2-bedroom, 2-bathroom condo offers a spacious and functional layout. Currently tenant-occupied with reliable renters in place that's been there for 10 years. it’s a turnkey investment with immediate rental income potential. The unit features an open living room and dining room area, kitchen, in-unit laundry, and ample natural light throughout. Both bedrooms are

  

  Vashti Parson

  C21 Patterson & Assoc. Real Es

  (901) 673-8122

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118
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  /13

  $199,500

  • 3 Beds
  • 2 Baths
  • 1,804 Sq Ft

  3472 Castleman St, Memphis, TN 38118

  

  William Mitchell

  Crye-Leike, Inc., REALTORS

  (901) 460-3596

  3472 Castleman St, Memphis, TN 38118
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  /2

  $179,550

  • 4 Beds
  • 1 Bath
  • 1,160 Sq Ft

  4299 Knight Arnold Rd, Memphis, TN 38118

  Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative financing offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-4013

  4299 Knight Arnold Rd, Memphis, TN 38118
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  /6

  $350,000

  • Land
  • 2.64 Acres
  • $132,576 per Acre

  3549 Winchester Rd, Memphis, TN 38118

  2.65 Commercial Acres in VICTORY HEIGHTS on Winchester Rd

  Jason Miller eXp Realty, LLC

  3549 Winchester Rd, Memphis, TN 38118
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  /3

  $31,500

  • Land
  • 0.7 Acre
  • $45,000 per Acre

  3725 Cherry Rd, Memphis, TN 38118

  Commercial vacant lot in Memphis, TN with EMP (Light Employment) zoning. This 0.7-acre parcel is well suited for office space, flex/light industrial use, or commercial parking. All utilities are available for hookup, including public sewer, public water, and electric. Convenient location with easy access to major roadways, making it a strong option for owner-users or investors.

  Sophia Cordova Fink Property Solutions

  3725 Cherry Rd, Memphis, TN 38118
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  /8

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,571 Sq Ft

  3829 Leven Cove, Memphis, TN 38118

  Private Financing Available w/ 3-10% Down* $1,695/mo Monthly Payment (Rent or Loan) Move-in for $5,900! (Lease Purchase) Or... Own for $19,900 Down (Private Finance) Seller Concessions offered! Website: www.slowpad.com *All terms negotiable. Hablamos español.

  Phil Hopewell Results MLS REALTORS

  3829 Leven Cove, Memphis, TN 38118
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  /8

  $154,900

  • 3 Beds
  • 1.5 Baths
  • 1,706 Sq Ft

  3092 Dothan St, Memphis, TN 38118

  Les Jones Brookfield Properties, Inc.

  3092 Dothan St, Memphis, TN 38118
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  /32

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,291 Sq Ft

  5128 Jessie Lee Ln, Memphis, TN 38118

  Step into this beautifully maintained and thoughtfully updated 3-bedroom, 2-bathroom home nestled in a peaceful, tree-lined neighborhood. With recent upgrades this home blends classic comfort with modern functionality — perfect for a first-time homebuyer, a small family, or an investor looking for a turnkey rental. Roof replaced (2020) — peace of mind for years to come! Energy-efficient windows

  John Payne BEST Real Estate Company

  5128 Jessie Lee Ln, Memphis, TN 38118
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  /9

  $169,500

  • 3 Beds
  • 2 Baths
  • 1,999 Sq Ft

  4947 Demeter Cove, Memphis, TN 38118

  MULTIPLE PROPERTY PORTFOLIO CAN ONLY BE BOUGHT IN BULK, TOTAL PRICE IS 436,900 Four investment properties available. Seller is seeking bulk offers. Investors only! 3218 Thirteen Colony Mall #1A -- 3 beds, 2.1 baths, currently rented at $895, lease expires 7/31/2026, recent repairs, in good condition, HOA is $225/mo. 1936 Frisco -- 3 beds, 1 bath, new roof and hvac in 2021, currently rented for

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4947 Demeter Cove, Memphis, TN 38118
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  /9

  $149,900

  • 3 Beds
  • 2 Baths
  • 1,297 Sq Ft

  3082 Bluffdale St, Memphis, TN 38118

  Available now! Great home for homeowner or investor. Newly renovated. Spacious eat-in kitchen with dining room, separate living room, hardwood throughout, 2 car carport, large fenced-in backyard. Convenient location. House has just been freshly painted (Nov 2025) and cleaned and is move-in ready! Call today!

  Jeremy Veldman KAIZEN Realty, LLC

  3082 Bluffdale St, Memphis, TN 38118
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  /15

  $174,900

  • 3 Beds
  • 2.5 Baths
  • 1,582 Sq Ft

  4999 Tradewind Terrace, Memphis, TN 38118

  Completely renovated and move-in ready, this beautifully updated 3 bedroom, 2.5 bathroom home offers the perfect blend of modern finishes, major system upgrades, and long-term value. With approximately 1,566 square feet of thoughtfully refreshed space, nearly every surface has been improved — including all new windows, new HVAC system, new flooring throughout, fresh interior and exterior paint,

  Will Morgan Marathon REALTORS, LLC

  4999 Tradewind Terrace, Memphis, TN 38118
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  /15

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,634 Sq Ft

  3219 Holly Berry Dr, Memphis, TN 38118

  Beautifully updated 4-bedroom, 2-bath home in the desirable Easthaven area of Memphis. Offering over 1,400 sq. ft. of comfortable living space, this property features an upgraded kitchen and bathrooms, plus a fully fenced backyard perfect for outdoor enjoyment. Move-in ready and waiting for its new owner—schedule your showing today!

  Curt Davis KAIZEN Realty, LLC

  3219 Holly Berry Dr, Memphis, TN 38118
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  /10

  $146,000

  • 5 Beds
  • 3.5 Baths
  • 2,200+ Sq Ft

  4915 Foxhall Cove, Memphis, TN 38118

  Five-bedroom, 3.5-bathroom fixer-upper located on a quiet cul-de-sac. This spacious home offers a large floorplan, ideal for those looking to transform it into a flip project or investment property. With plenty of potential, this is a great opportunity for the right buyer.

  Robert Salmons Entera Realty

  4915 Foxhall Cove, Memphis, TN 38118
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  /28

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,483 Sq Ft

  3195 Beauchamp Dr, Memphis, TN 38118

  Charming one-story home featuring 3 bedrooms and 2 full baths. Functional floor plan with comfortable living space, conveniently located near schools, shopping, and major roadways. Great opportunity for homeowners or investors.

  Alexis Martz Trelora Realty

  3195 Beauchamp Dr, Memphis, TN 38118
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  /21

  $149,000

  • 4 Beds
  • 3 Baths
  • 2,064 Sq Ft

  5134 Scottsdale Ave, Memphis, TN 38118

  Property is being sold in an "as is" condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a

  JERRY EMERSON KING Williams & Williams Real Estate Auctions

  5134 Scottsdale Ave, Memphis, TN 38118
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  /20

  $152,900

  • 3 Beds
  • 1.5 Baths
  • 1,452 Sq Ft

  3016 Croley Dr, Memphis, TN 38118

  Investor Special / As-Is. Cash, hard-money, DSCR buyers preferred and quick close. Say goodbye to compromise and hello to convenience at Opal. This newly refreshed one-level home offers everything today’s buyer wants: effortless flow, stylish updates, and outdoors that work. Whether you’re prepping dinner in the seamless new kitchen, unwinding in the open great room, or hosting friends in your

  Garth Ward eXp Realty, LLC

  3016 Croley Dr, Memphis, TN 38118
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  /20

  $145,000

  • 3 Beds
  • 1.5 Baths
  • 1,320 Sq Ft

  5094 Jessie Lee Ln, Memphis, TN 38118

  Charming Parkway Village Home! This well-maintained 3-bedroom, 1.5-bath home features a spacious den with fireplace, an eat-in kitchen, and a separate living room. Enjoy hardwood floors throughout, three generously sized bedrooms, a dedicated laundry room, and a large fenced backyard. The owner has invested over $30K in renovations this year, including a brand-new electrical panel, fresh interior

  Jeremy Veldman KAIZEN Realty, LLC

  5094 Jessie Lee Ln, Memphis, TN 38118
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  /24

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,546 Sq Ft

  5303 Sunray Dr, Memphis, TN 38118

  Jay McMiller RE/MAX Realty Group

  5303 Sunray Dr, Memphis, TN 38118
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  /15

  $146,500

  • 3 Beds
  • 1.5 Baths
  • 1,113 Sq Ft

  3687 Bedford Ln, Memphis, TN 38118

  Welcome to this impeccably maintained, move-in ready home—an ideal opportunity for first-time buyers and savvy investors alike. This charming residence features 3 bedrooms and 1.5 baths, offering ample space for comfortable living. Enjoy a large living and dining room combo, perfect for entertaining or relaxing evenings at home. The kitchen and baths are finished with large-format tile, while

  Bryant Smith The Professional Agency

  3687 Bedford Ln, Memphis, TN 38118
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  /3

  $210,000 New Construction

  • 4 Beds
  • 2 Baths
  • 1,451 Sq Ft

  5253 Zodiac Rd, Memphis, TN 38118

  First-time homebuyer alert! This newly constructed home is available exclusively to 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

  Tammy Coleman Legendary Realty

  5253 Zodiac Rd, Memphis, TN 38118
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  /13

  $99,900

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  2705 Mcmurray St, Memphis, TN 38118

  Terrific investment opportunity. Tenant occupied, cash flowing and professionally managed home. Currently rented for $955/mo with a $925 deposit on file. Lease expires 05/31/26. Do not approach or disturb tenant, no showings without an accepted offer. No wholesale, assignment, seller finance or creative finance. ONLINE VIDEO AVAILABLE UPON REQUEST. Seller also selling: 3243 13 Colony #2B.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2705 Mcmurray St, Memphis, TN 38118
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  /4

  $60,000

  • 2 Beds
  • 2 Baths
  • 1,092 Sq Ft

  3607 Orange Blossom Ct Unit 66, Memphis, TN 38118

  East Memphis condo perfect for investors or owner occupants! Property is currently tenant occupied at $950 month to month! Minutes from the Airport and Industrial/logistic facilities for employment! Please make all offers contingent upon inspection!

  Duane Kinnard Tri-Leake Realty

  3607 Orange Blossom Ct Unit 66, Memphis, TN 38118
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  /9

  $139,500

  • 3 Beds
  • 2 Baths
  • 1,324 Sq Ft

  2747 Merle St, Memphis, TN 38118

  **OCCUPIED PROPERTY**DO NOT DISTURB** Freshley rehabbed rental for sale. New roof, HVAC, Kitchen, Windows, Bath fixtures and more. This property is currently rented at $1,175.00. No showings without bound contract. EMD is $2500 due 2 days after contract is bound, to be held by Saddle Creek Title in Memphis, max of 7 days inspection. Pics are from just before the rehab was fully completed.

  Daniel Sturdivant Bluff City Management, LLC

  2747 Merle St, Memphis, TN 38118
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  /5

  $134,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  3758 Oak Shade Cove, Memphis, TN 38118

  Great investment opportunity! Property was renovated in 2023 with updated LVP flooring, new doors and interior paint. This property is turn key with a tenant in place. Please do not disturb tenant.

  John Quinn REMAX Experts

  3758 Oak Shade Cove, Memphis, TN 38118
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  /2

  $97,000

  • 3 Beds
  • 1.5 Baths
  • 1,154 Sq Ft

  2831 Redwing Rd, Memphis, TN 38118

  INVESTORS ONLY! MULTIPLE PROPERTY PORTFOLIO Seller prefers bulk offers but will look at individual offers. Tenant occupied property available for sale. Professionally managed by Foundation Property Management. Lease and ledger available upon request. Leased at $850 per month on a month-to-month basis. No creative or owner financed offers. No wholesalers or assignments. Do not disturb or approach

  James Wachob Foundation Property Management

  2831 Redwing Rd, Memphis, TN 38118
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  /30

  $124,900

  • 3 Beds
  • 2 Baths
  • 1,051 Sq Ft

  4066 Berrywood Ave, Memphis, TN 38118

  This ranch style home features 3 beds, 2 bath. Boasting great bones and endless potential. Sit on the front porch enjoying the outdoors. Great for an investor or first time homebuyer. Seller will have new condenser installed with acceptable offer and working on getting window replaced.

  Alexis Martz Trelora Realty

  4066 Berrywood Ave, Memphis, TN 38118
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  /2

  $55,000

  • Land
  • 0.82 Acre
  • $67,073 per Acre

  3646 Democrat Rd, Memphis, TN 38118

  This .82 Acre lot is being sold along with 3628 Democrat for a package deal. Regular shaped and zoned RU-3 which allow for various uses including SFH, Multifamily Homes, Manufactured homes, Assist Living and more. Contact me for more information. Bring all offers

  John Cornes Braden, Braden & Braden LLC

  3646 Democrat Rd, Memphis, TN 38118
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  /2

  $214,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,410 Sq Ft

  3118 Arrendale St, Memphis, TN 38118

  New construction, fully completed and never occupied. This home features a 3 bedroom, 2 bathroom layout with 1161 heated sq ft. Move-in ready. Contact the listing agent for floor plans, additional details, or to schedule a showing.

  Cesar Lara Fast Track Realty, LLC

  3118 Arrendale St, Memphis, TN 38118
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  /11

  $115,900

  • 5 Beds
  • 1 Bath
  • 1,152 Sq Ft

  2665 Marlene St, Memphis, TN 38118

  TENANT OCCUPIED DO NOT DISTURB TENANT. LEASED FOR $1250/MO. TILL 12/31/2027. SUBMIT YOUR OFFER AFTER ACCEPTANCE WE WILL GET YOU INSIDE FOR YOUR INSPECTION. Beautiful ranch style brick home with 5 bedrooms...or 4 bedrooms plus a family room, Carport! Nice size backyard--fenced!

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  2665 Marlene St, Memphis, TN 38118
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  /4

  $150,000

  • Land
  • 0.53 Acre
  • $283,019 per Acre

  4150 E Shelby Dr, Memphis, TN 38118

  Lot located on end of Damascus at Shelby Dr. Good frontage with natural drainage. Adjacent to an industrial office. Access to gas/water/elec. Owner would like to sell one, two or all three parcels together. Make us an offer.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  4150 E Shelby Dr, Memphis, TN 38118
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  /2

  $114,900

  • 3 Beds
  • 1 Bath
  • 979 Sq Ft

  4224 Arrowhead Rd, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $1,100/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4224 Arrowhead Rd, Memphis, TN 38118
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  /10

  $75,000

  • Land
  • 3.12 Acres
  • $24,038 per Acre

  4825 American Way, Memphis, TN 38118

  3.12 acres right in the action! Directly off of American Way and S Perkins intersection, this lot is wooded and currently zoned CMU-2. This size lot may be the last of its kind in this area so get it while you can! Surrounded by business to the N and a nice residential neighborhood to the S, this lot has dedicated access via Westmeade St. Experienced developers - here's your chance to build your

  Randall Weatherall Memphis Metro Realty

  4825 American Way, Memphis, TN 38118
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  /3

  $94,900

  • 2 Beds
  • 1 Bath
  • 844 Sq Ft

  2741 Margot St, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $995/month. The lease ends on 8/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2741 Margot St, Memphis, TN 38118
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  /18

  $95,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  3629 Chesterwood Dr Unit 77, Memphis, TN 38118

  Fantastic spacious 3 Bedroom 2 1/2 Bath Townhome w/covered parking. Fully renovated!!! Fenced patio enclosed with new fence., security doors. Home is tenant occupied, and on month-to-month lease. This home is great for first time home buyers.

  Janice Mathis eXp Realty, LLC

  3629 Chesterwood Dr Unit 77, Memphis, TN 38118
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  /2

  $1,000,000

  • Land
  • 20.24 Acres
  • $49,407 per Acre

  0 Arnold Rd Unit 10181858, Memphis, TN 38118

  Discover a remarkable opportunity to acquire 20+ acres of prime land located just minutes away from Memphis Airport and FedEx World Hub, also offering easy access to railways and major highways. Ample space for various development possibilities, don’t miss this unique chance to own a substantial piece of land in Memphis.

  Tony Cai eXp Realty, LLC

  0 Arnold Rd Unit 10181858, Memphis, TN 38118
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  /9

  $210,000 New Construction

  • 4 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  5273 Zodiac Rd, Memphis, TN 38118

  New construction. This home is available exclusively to 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, storage room in the carport. Downpayment assistance is available. Home is near the park, which is great for leisure walks and family

  Tammy Coleman Legendary Realty

  5273 Zodiac Rd, Memphis, TN 38118
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  /31

  $380,000

  • 4 Beds
  • 2 Baths
  • 2,200+ Sq Ft

  3461 Holman Place, Memphis, TN 38118

  Welcome to this renovated multi-functional 4br 2ba property with flexible layout options to fit your multi usage/business idea. Zoned Commercial. 4br 2b, kitchen, living room, dining room, and laundry closet. Detached brick 30x60 garage/shop w/ two 16ft bay doors. Ample front and back space for parking and equipment storage. Great for a small service business in the back, mechanic repair shop,

  Ana Trujillo Trujillo Realty

  3461 Holman Place, Memphis, TN 38118

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