Zip codes 38111 homes for sale starting at Fifty Thousand Dollars

$139,000 - Memphis, TN

3294 Spottswood Memphis, TN - Charming newly renovated 2 br/1 ba home Near the University of Memphis, offering comfort & convenience. Updated kitchen/bathroom, and beautifull hardwood floors. Spacious backyard, ideal for gatherings. Prime location, this property is perfect for first-time buyers or investors seeking rental opportunities.

$135,000 - Memphis, TN

1061 E Walthal Memphis, TN - Nice 3br 1ba with detached garage available close to U of M. Needs some cosmetic updates, but overall would make an excellent investment opportunity or owner/occupant. Vacant, easy to show!

$133,500 - Memphis, TN

232 S Highland Memphis, TN - Amazing security with a 24 hour doorman! Immaculate and with top tier amenities! Fantastic location in a sought after building with a 24 hour security guard. A few upgrades include gorgeous plantation blinds, granite kitchen counters, premium soft close shaker style kitchen cabinets, new doors, new paint, a newly remodeled master bathroom and a walk in master bedroom closet. This low maintenance condo complex also offers a work out facility and pool. The location is close to great restaurants and university. This attractive and very well maintained condo may not last long so be sure to schedule a showing with your favorite realtor as soon as possible.

$129,900 - Memphis, TN

3787 Rhodes Memphis, TN - Immediate Rental Income potential on Month To Month. Great Location in the U of M Area MAKE SERIOUS OFFER CLOSE 30 days MUST CONTACT AGENT DIRECT. DO NO DISTURB TENANT

$129,900 - Memphis, TN

3465 Spottswood Memphis, TN - Terrific investment opportunity! Professionally managed and tenant occupied home for sale. Hard to find 3 bedroom 2 bathroom home with bonus room (at this price point). Currently rented for $950/mo with a $950 security deposit on file (rental upside since it is a 3/2 with a bonus room). Lease ends 2/28/26. Home is steps away from the University of Memphis and is a great long term hold. Values are really going up in this area! ONLINE VIDEO AVAILABLE UPON REQUEST! Do not approach or disturb tenant. No showings without an accepted offer. No wholesalers or assignments & seller isn't interested in owner or creative financing. Seller is also selling 1690 Berkshire (can be bought individually or in bulk).

$129,000 - Memphis, TN

232 S Highland Memphis, TN - Nicely updated condo near University of Memphis, walkable dining and shopping also. Fifth floor view from three oversized windows, westward for sunsets, seasonal foliage and fireworks at the stadium. Updates include new kitchen-dining floor, new tile and step access in hall bath, ceiling fan and walk-in closet in each bedroom. New laundry facilities on every floor and updated lobby decor for a warm welcome, along with 24-hour security, gated parking, beautifully landscaped grounds with gardens and grills. In ground pool, exercise facilities, condo meeting space with oversized kitchen for larger groups. Overnight lodging for rent, storage space and secured, gated parking, some covered based on availability. HOA restriction against rental of condo units. HOA fee includes $86 assessment which expires at year end. Unit is vacant and easy to show.

$127,000 - Memphis, TN

780 Semmes Memphis, TN - FORECLOSURE! REO Property being sold as-is. Large house....excellent fix and flip opportunity. Once rehabbed this home is worth over $200K. Property was fully renovated in the past few years and has a great floor plan, but does need repairs. New construction is on the same street (tons of development nearby). This property features a newer kitchen with newer tile floors, cabinets and countertops. The property also has newer windows, light fixtures, ceiling fans, and bathroom fixtures. Utilities are currently off. Large downstairs primary with a large closet and private office or laundry space and an ensuite bath with two vanities and stand up shower. Upstairs loft and an upstairs with tons of storage and private bath with two additional rooms ups as well. Cash offers strongly preferred. Online video available upon request. No creative or owner financed offers. No wholesale or assignment.

$125,000 - Memphis, TN

1021 Getwell Memphis, TN - Great space in this cute Tudor style house with freshly painted interior and hardwood look flooring throughout. Bedrooms are all spacious. Large upstairs area has a closet and could be used as bedroom or a bonus room. There's another space to the left when you go upstairs that could fit another bed. Back room off the kitchen has a laundry area and more space that could be an office, playroom area. Bathroom has tile surround tub and floor tile. Move-in ready!

$125,000 - Memphis, TN

3100 Standard Memphis, TN - Calling all investors, empty nesters, or anyone looking to purchase—this is the opportunity you’ve been waiting for! Located at 3100 Standard Ave in Memphis, TN, this property is super affordable and ready for a little TLC to bring it back to life. Whether you’re looking to expand your rental portfolio or create a cozy, low-maintenance home, the potential here is undeniable. Enjoy convenient access to the University of Memphis and be just moments from major highways, making commuting a breeze. With a little vision and effort, this property can shine—don’t miss out on this value-packed gem in a prime location!

$120,000 - Memphis, TN

849 Carson Memphis, TN - This beautiful and fully renovated 2-bedroom, 1-bath home seamlessly blends modern updates with timeless charm. Step inside to discover beautifully restored original hardwood floors, stylish fixtures, ceiling fans, and recessed lighting throughout. A brand-new electrical panel and new wiring provide peace of mind, while the kitchen and bathroom showcase elegant new tile, adding to the home’s fresh, contemporary appeal. Additional upgrades include a brand-new garage door and a custom-designed front porch that enhances its curb appeal. The expansive, flat, fenced backyard offers the perfect setting for entertaining, relaxing, or creating your own outdoor oasis. This move-in-ready gem won’t last long—schedule your showing today!

Zip codes 38111 listings for sale

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