Memphis, TN Homes for Sale under $400,000

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  /10

  $117,975

  • 3 Beds
  • 1.5 Baths
  • 1,290 Sq Ft

  2574 Saint Elmo Ave, Memphis, TN 38127

  New Lease to begin on 07/15/2026 until 07/14/2027 at $1,100. This modernized 3-bedroom, 1.5-bath home offers immediate rental income. Features include hard-surface flooring, an updated kitchen with shaker-style cabinets, bright living areas, and a fenced backyard. Conveniently located near Southwest Tennessee Community College, Libertas School of Memphis, grocery stores, neighborhood parks, and

  James Wachob Foundation Property Management

  2574 Saint Elmo Ave, Memphis, TN 38127
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  /15

  $249,900

  • 3 Beds
  • 2.5 Baths
  • 2,505 Sq Ft

  4795 Rolling Meadows Dr, Memphis, TN 38128

  Come and See this Very Spacious 3 Bedroom/2Full Bath + 1 Half Bath Home with Large Bonus Room & Large Closets and Lots of Storage! Featuring a Cozy Fireplace with Plenty of Room to Relax, Grow and Entertain. Step into the Fully Fenced Backyard with Lots of Room for Outdoor Living & Gardening. Roof, HVAC, Furnace, HWH All New installed 2018 This home is Tenant Occupied. An Accepted Contract will

  Sheila Ridgway 901, REALTORS

  4795 Rolling Meadows Dr, Memphis, TN 38128
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  /14

  $385,968

  • 10 Beds
  • 3,900 Sq Ft

  4034 Berkshire Ave, Memphis, TN 38108

  Berkshire is a 5 unit multi family property in the Berkshire area. The units are all 2 bedroom with central heating and air, stoves and refrigerators. The scheduled monthly rental income is 3815/mo. There is some upside in rents creating all value add opportunity without a major capital expense. Please do not disturb residents, drive by only.

  Jeffrey Moore Crye-Leike Commercial

  4034 Berkshire Ave, Memphis, TN 38108
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  /9

  $185,000

  • 4 Beds
  • 4 Baths
  • 2,709 Sq Ft

  996 University St, Memphis, TN 38107

  Great Occupied investment Opportunity! Duplex! This property is currently occupied by a tenant in one unit who is paying $895 per month and is on a lease from 4/15/2026 until 4/14/2028. The other unit is occupied by a tenant who has been in the home since 2020 and is on a lease until 4/30/26 - They are paying $885 per month and have been sent a renewal but it is not signed yet. There is

  Alex Evans Reedy & Company, REALTORS

  996 University St, Memphis, TN 38107
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  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,234 Sq Ft

  599 Blackhawk Rd, Memphis, TN 38109

  INVESTERS ONLY. Tenant occupied 4 bed 1.5 bath home. Rent is $1177/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 4973 Longtree, 4395 Ann Arbor, and 80 E. Bodley

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /16

  $209,000

  $11K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,345 Sq Ft

  7068 Millers Glen Way, Memphis, TN 38125

  Vacant, ready to occupy. large fenced yard. 3 bedrooms on one level. split bedroom plan with private primary. vaulted great room and primary bedroom. Large primary closet. New stove just delivered. Unincorporated Shelby county, no city taxes. Special financing rates through Benchmark Mortgage. perfect for first time buyers.

  Ric Bowman Weichert, REALTORS-BenchMark

  7068 Millers Glen Way, Memphis, TN 38125
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  /6

  $129,900

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  646 Leacrest Ave, Memphis, TN 38109

  You wouldn't be looking at this if you weren't searching for a new home—and congratulations, you may have just found it. Welcome to this refreshed 3-bedroom, 1-bath home in Chickasaw Village, offering the perfect blend of comfort, value, and opportunity. Whether you're a first-time homebuyer or an expanding family looking for more space, this move-in ready home is ready for its next chapter.

  Laszlo Nguyen Heckler eXp Realty, LLC

  646 Leacrest Ave, Memphis, TN 38109
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  /22

  $194,000

  Open Fri 4PM - 7PM $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,458 Sq Ft

  4215 Rosewind Cir, Memphis, TN 38141

  Welcome to this freshly painted, move-in-ready home full of charm and character. The spacious living room features a beautiful stone fireplace, vaulted ceilings, and exposed beams that create a cozy feel. The kitchen offers plenty of cabinet space, natural light, and a practical layout. Bedrooms are comfortable with neutral finishes, and both bathrooms are clean and functional. Enjoy a large

  Veronica Montiel-Lugo The Home Partners Realty

  4215 Rosewind Cir, Memphis, TN 38141
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  /13

  $115,000

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  3553 Julia St, Memphis, TN 38127

  Leased at $975/mo through 03/05/2028. Well-maintained 3BR brick home featuring hard-surface flooring, an updated kitchen with shaker-style cabinetry, central heat and air, a fenced backyard, and garage/storage space. Convenient to FedEx, Georgian Hills Elementary, Trezevant High, Kroger, Frayser Plaza, St. Jude Children's Research Hospital, Firestone Park, and I-40, supporting strong long-term

  James Wachob Foundation Property Management

  3553 Julia St, Memphis, TN 38127
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  /2

  $325,000

  • Land
  • 6.52 Acres
  • $49,847 per Acre

  3950 N Germantown Pkwy, Memphis, TN 38133

  6.52 acres in a wonderful location on Germantown Pkwy just south of Mphs Arlington. Small road frontage on Mphs Arlington. Beautiful elevation w/380' of frontage on Germantown Pkwy. Sits between Bon Lin school and Rainbow nursing home. Property is currently zoned res/agriculture but can be rezoned for soft commercial.

  Debbie Nixon Crye-Leike, Inc., REALTORS

  3950 N Germantown Pkwy, Memphis, TN 38133
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  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /3

  $175,000

  $175K PRICE DROP

  • Land
  • 1.4 Acres
  • $125,000 per Acre

  3451 Ridgeway Rd, Memphis, TN 38115

  This CMU-1 Commercially zoned lot is 1.4 +/- Acres in a great location with nearby Apartment communities, single family homes, businesses and churches. Great Road frontage and visabillity! Seller willing to entertain Owner-Financing option

  John Cornes Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
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  $389,900

  • 4 Beds
  • 2.5 Baths
  • 3,045 Sq Ft

  8 S Evergreen St, Memphis, TN 38104

  The perfect blend of old-timey Midtown charm with beautiful modern amenities, just a stone's throw from some of Memphis' most well-known and beloved restaurants! Entertaining is easy with 3 downstairs living areas. Primary has been totally reconfigured to create a large ensuite complete with double vanity and large shower, as well as a spacious laundry room with an awesome storage system, and

  Mary Jeffrey Crye-Leike, Inc., REALTORS

  8 S Evergreen St, Memphis, TN 38104
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  /2

  $242,000

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

  6787 Bainbridge Dr, Memphis, TN 38119

  3 bdrms. 2 baths w/dbl. garage & private, fenced backyard. Lg. Den w/f/p. Luxury hard surface flooring. Washer, dryer, refrigerator to remain “As Is” No appointments before 7/12/26.

  Brenda Swanger Crye-Leike of MS, Inc.

  6787 Bainbridge Dr, Memphis, TN 38119
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  /31

  $279,000

  Open Sun 2PM - 4PM $21K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,373 Sq Ft

  3673 Charleswood Ave, Memphis, TN 38122

  Price Improvement! Freshly painted inside & out, this move-in ready High Point Terrace home features an open floor plan that lives larger than its footprint. The spacious kitchen shines with granite countertops, a copper sink & new led recessed lighting. Southern exposure fills the kitchen & primary bedroom with beautiful natural light. Step outside the French doors that lead to a spacious deck

  Halle Whitlock Oak Grove Realty, LLC

  3673 Charleswood Ave, Memphis, TN 38122
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  /20

  $225,000

  • 3 Beds
  • 2 Baths
  • 1,070 Sq Ft

  3449 Carrington Rd, Memphis, TN 38111

  Charming 2BR/1BA home in the desirable East Memphis area! This property features spacious living areas, great natural light, and a large yard with plenty of potential. Conveniently located near the University of Memphis, shopping, dining, and major roadways. Great opportunity for owner-occupants or investors!

  Cesar Lara Fast Track Realty, LLC

  3449 Carrington Rd, Memphis, TN 38111
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  /23

  $297,000

  $3K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,809 Sq Ft

  285 N Mcneil St, Memphis, TN 38112

  Classic Evergreen “airplane bungalow” with a pool, large deck, and covered bar—offering a unique opportunity for buyers looking to add value in a prime Midtown location. The main level features a spacious living room, dining room, eat-in kitchen, two bedrooms, full bath, and a den that could function as a fourth bedroom. Upstairs includes a large bedroom with half bath, plus walk-in attic storage

  Chad West Sowell, Realtors

  285 N Mcneil St, Memphis, TN 38112
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  /25

  $173,000

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,337 Sq Ft

  2367 Kingsley Ave, Memphis, TN 38127

  Don't miss out on this fully renovated brick 3 bed, 2 bath home with a spacious detached workshop in the backyard. Perfect for anyone needing a workspace, extra storage, or the potential to finish it out as an additional unit. Inside, the home features an updated open-concept kitchen, fully remodeled bathrooms, and new vinyl plank flooring. It covers all of your needs with a walk-in pantry closet

  Juan Torres Fast Track Realty, LLC

  2367 Kingsley Ave, Memphis, TN 38127
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  /18

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,450 Sq Ft

  1577 S Highland St, Memphis, TN 38111

  Updated 3BR/2BA home in a prime East Memphis location! Features spacious living areas, modern updates, and a functional layout perfect for homeowners or investors. Conveniently located near the University of Memphis, shopping, dining, and major highways. Move-in ready with great potential!

  Cesar Lara Fast Track Realty, LLC

  1577 S Highland St, Memphis, TN 38111
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  /29

  $339,000

  $10K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,748 Sq Ft

  74 S Walnut Bend Rd, Cordova, TN 38018

  Welcome to this beautifully updated 4-bdrm, 2.5-bath home in the desirable Walnut Grove Lake community. Built in 1986 and recently renovated, this approx. 2,750 sqft two-story residence offers modern comfort on a 0.26-acre lot with stunning views. Inside enjoy fresh flooring, new light fixtures, and an updated kitchen with granite countertops, stainless steel appliances, and breakfast bar. The

  Bradford Long Keystone Realty, LLC

  74 S Walnut Bend Rd, Cordova, TN 38018

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