5

South Memphis Houses under $300,000

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  • /25

    $210,000

    • 4 Beds
    • 2 Baths
    • 2,600+ Sq Ft

    246 Lucerne Place, Memphis, TN 38126

    Just under 5 minutes from the fast-growing Downtown Memphis—This extremely spacious 4 bed, 2 bath property offers a prime opportunity with some updates already completed, giving you a head start on renovations. Home boasts a separate living room, den, dining room, and sitting area. Whether you're new to investing or adding to your portfolio, this high-potential property deserves your attention

    Clarenda Hurd Keller Williams

    246 Lucerne Place, Memphis, TN 38126
  • /17

    $300,000

    • 8 Beds
    • 2,700 Sq Ft

    760 Richmond Ave, Memphis, TN 38106

    Perfect for House-Hackers or Savvy Investors! This updated four-plex features 4 spacious 2 bed / 1 bath units, making it an ideal opportunity to live in one unit while renting out the others. Previosuly renovated inside and out! Featuring fresh exterior paint, updated flooring, modern fixtures, and more. Can potentially generate $4,720/month with full occupancy on section 8. Each unit is

    Jonathan Nunez Fast Track Realty, LLC

    760 Richmond Ave, Memphis, TN 38106
  • /13

    $269,900

    • 4 Beds
    • 2,106 Sq Ft

    123 Majuba Ave, Memphis, TN 38109

    Four 1-Bedroom, 1-Bathroom Units are an excellent investment opportunity! Each unit is move-in ready with central heating and air conditioning. Separate gas and water connections for each unit; Individual washer and dryer connections; Dedicated parking pads for all units; New roof, electrical, and plumbing; Newly installed windows for energy efficiency; Low maintenance! ALL of the units are

    Tonji Cromwell eXp Realty, LLC

    123 Majuba Ave, Memphis, TN 38109
  • /2

    $240,000 New Construction

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

    1069 Shaw Place, Memphis, TN 38126

    12 beautifully crafted 3 & 4 bedroom, 2 bathroom homes, all priced under $250,000. Qualified buyers may receive up to $50,000 in assistance with approved lenders and programs. Great opportunity for buyers seeking affordability with support. Located directly across from LeMoyne-Owen College and just minutes from the Stax Museum and The Soulsville Charter School, this community blends affordable

    Charlene Bailey Exit Realty Blues City

    1069 Shaw Place, Memphis, TN 38126
  • /2

    $230,000 New Construction

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

    1055 Shaw Place, Memphis, TN 38126

    Qualified buyers may receive up to $25,000 in assistance with approved lenders and programs. Great opportunity for buyers seeking affordability with support. These homes feature 10 ft ceilings throughout, 1400–1600 sq ft of well-designed living space, durable tile flooring, stainless steel appliances, kitchen islands with pendant lighting, energy-efficient windows and doors, and concrete

    Charlene Bailey Exit Realty Blues City

    1055 Shaw Place, Memphis, TN 38126

Home Trends in South Memphis, TN

Housing Trends

Median Sale Price
$280,000
Median Single Family Sale Price
$420,000
Median Townhouse Sale Price
$349,950
Median 2 Bedroom Sale Price
$180,000
Median 1 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
10
Last 12 months Home Sales
69
Months of Supply
1.70
Median List Price
$335,700
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-28%
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