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South Memphis Homes for Sale

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  • /33

    $42,000

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

    788 E Waldorf Ave, Memphis, TN 38106

    AS IS - CASH SALE, Perfect for Investor. Property is ready for a Face Lift. Property has a previous 30 year Shingle Roof, still has life, Seller cleaned up the Front and Back Yard Overgrowth, Subfloors are Solid, Vinyl Siding was put on except for the Exterior Back, Needs Electric, Needs Plumbing work and No Heat or Air. Backyard Is Quite Spacious. Property has been cleaned out and Ready for

    Agent Photo

    Tara Woodley

    Zach Taylor Real Estate

    (901) 329-7564

    788 E Waldorf Ave, Memphis, TN 38106
  • /22

    $127,000

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

    407 S Parkway E, Memphis, TN 38106

    Cozy home boasts 2-bedrooms, 1-bath perfect for a small family or couple. Inside be greeted by a nicely renovated kitchen, tile flooring, new cabinets & countertops, kitchen appliances included. Diningroom provides an inviting space to gather with loved ones. Highlight of the home is the remodeled bathroom, tile flooring & modern fixtures. Throughout you'll find Stylish laminate floors that are

    Agent Photo

    Patricia Richmond-Young

    Coldwell Banker Collins-Maury

    (901) 627-3278

    407 S Parkway E, Memphis, TN 38106
  • /27

    $85,000

    • 3 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft

    1787 Bismark St, Memphis, TN 38109

    ***AS IS Sale for Cash Deal and Seller will make Lender Only Required Repairs on a DSCR LOAN or Conventional Loan.*** Here's a Great Opportunity for an Owner Occupant or your Next Investment to make Cash Flowing. Roof is less than 2 years old, New Flooring is less than 2 years old, New Venthood in kitchen. Home has No Central Heat , Gas Wall Heat in Living Room and Electric Heat in the Den Area

    Agent Photo

    Tara Woodley

    Zach Taylor Real Estate

    (901) 883-5642

    1787 Bismark St, Memphis, TN 38109
  • /5

    $74,900

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

    358 Fields Ave, Memphis, TN 38109

    Investor Special!!! Unlock the potential of this spacious two-story home in the Riverside neighborhood of South Memphis. Featuring 4 bedrooms and 2 baths with over 2,000 sq ft of living space and a very large backyard. The perfect location for your next project comes with many rehab updates waiting to be completed in the kitchen, bathrooms, and living space such as tile flooring, new shower

    Agent Photo

    Keino Spring

    Harris & Harris Realty Group

    (901) 459-2374

    358 Fields Ave, Memphis, TN 38109
  • /2

    $39,999

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft

    1299 Gaither St, Memphis, TN 38106

    Great for Investment property or Owner occupant. Three Bedrooms, Two Full Baths, Separate Living Room, and Huge fenced backyard.

    Darlene Butler The Peyton Co., Inc., REALTORS

    1299 Gaither St, Memphis, TN 38106
  • /18

    $147,300

    • 3 Beds
    • 1 Bath
    • 1,600+ Sq Ft

    439 S Parkway E, Memphis, TN 38106

    Grand 100-year old house on South Parkway lovely preserved by the current owner! It sits on a large corner lot (65 by 150) and has 3 bedrooms and 1 bath. Beautiful original HW floors in living room and dining room and two bedrooms are in good shape. Has permanent stairs to attic and basement and a lovely side porch. Exterior is well maintained and new roof was added a few years ago. Selling as

    Sam Hanks Broker South Realty

    439 S Parkway E, Memphis, TN 38106
  • /6

    $188,000

    • 1 Bed
    • 1 Bath
    • 600+ Sq Ft

    1783 Bismark St, Memphis, TN 38109

    Modern elegance meets affordable luxury in this architectural gem with soaring ceilings, glass stair railings, and designer finishes. The inimitable master suite features a wine & coffee bar and opens to a resort-style swim-out pool. Enjoy a gourmet kitchen with custom cabinetry, high-end appliances, and a bold statement island, while sunlit living spaces and rich textures create a warm,

    Ralph Harvey List With Freedom.Com, Inc.

    1783 Bismark St, Memphis, TN 38109
  • /13

    $139,900

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

    449 Fernwood Ave, Memphis, TN 38106

    INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No

    Tyler Tapley Crye-Leike, Inc., REALTORS

    449 Fernwood Ave, Memphis, TN 38106
  • /10

    $95,000

    • 2 Beds
    • 1.5 Baths
    • 800+ Sq Ft

    54 W Olive Ave, Memphis, TN 38106

    Discover this move-in-ready home, currently operated as a short-term rental. It features two spacious bedrooms and one and a half baths, offering a delightful amount of comfortable living space on a generous lot. Recently renovated, this property is sure to impress.

    Virgil Pryor Harris Realty Services

    54 W Olive Ave, Memphis, TN 38106
  • /14

    $145,000

    • 3 Beds
    • 1.5 Baths
    • 1,200+ Sq Ft

    2112 Benton St, Memphis, TN 38106

    Charming fully renovated home with modern updates with classic charm. This stunning property features an open floor plan, creating a bright and airy atmosphere perfect for entertaining or everyday living. Spacious living room and cozy sitting area, offering plenty of space to relax and unwind. The large kitchen with ample counter space, and stylish cabinetry. Inviting front porch,large yard.

    Crystal Mitchell Paradigm21 Realty

    2112 Benton St, Memphis, TN 38106
  • /21

    $134,900 Open Sun 1PM - 3PM

    • 3 Beds
    • 1 Bath
    • 1,000+ Sq Ft

    1646 Clancy St, Memphis, TN 38106

    This charming 3-bedroom, 1-bathroom home is ideal for first-time home buyers or savvy investors looking for a turn-key ready property. This move-in ready gem has been thoughtfully updated from top to bottom, offering peace of mind and modern comfort. Recent upgrades include a brand-new 3-ton HVAC system, all-new plumbing throughout, a durable 30-year roof, new flooring, fresh interior paint, and

    Courtney Clark Keller Williams

    1646 Clancy St, Memphis, TN 38106
  • /21

    $119,900

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

    726 E Gage Ave, Memphis, TN 38106

    This cute house just got a makeover! It has a new roof, so it’s all set for any weather. Inside, there are two bedrooms and one bathroom, all redone and looking great. The floors are new everywhere in the house, making it feel fresh. The kitchen has shiny new appliances, ready for you to use. It’s a great pick for first-time homebuyers or someone looking to invest.

    Samiha Alward Keller Williams

    726 E Gage Ave, Memphis, TN 38106
  • /10

    $108,900

    • 3 Beds
    • 1.5 Baths
    • 800+ Sq Ft

    160 Silverage Ave, Memphis, TN 38109

    "Fresh" Newly Renovated 3bd/1.5bth home in South Memphis Motivated Seller New Roof Here is your New Home

    Reginald RL Pruitt Assured Real Estate Services

    160 Silverage Ave, Memphis, TN 38109
  • /11

    $89,989

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    1661 Cameron St, Memphis, TN 38106

    This well-maintained all-brick, two-bedroom home is in good condition, with a new roof, updated flooring, renovated bathroom and central heating (Renovated in 2023). Currently tenant-occupied, generating $800 per month. Do not disturb tenant. No showings without an accepted offer. The home also features a spacious living room with a wood-burning fireplace, large eat-in kitchen and one bath.

    Victoria Brown 4 Success Realty, LLC

    1661 Cameron St, Memphis, TN 38106
  • /4

    $119,900

    • 2 Beds
    • 1 Bath

    1772 Preston St, Memphis, TN 38106

    Investors Only. Tenant occupied property for sale! Don't disturb tenants! Rehabbed Home. Rent is $1200/mo. Could be a great addition to your rental portfolio if you are an investor. Seller selling multiple properties in addition to this property and some of the homes have Section 8 tenants (Government Subsidized) with guaranteed rents in place (please ask and verify prior to making offer)!

    Tyler Tapley Crye-Leike, Inc., REALTORS

    1772 Preston St, Memphis, TN 38106
  • /9

    $94,900

    • 2 Beds
    • 1 Bath
    • 100+ Sq Ft

    1643 Mcmillan St, Memphis, TN 38106

    INVESTORS ONLY! Terrific investment property currently rented at $997 with guaranteed rent in place every month. Property is fully renovated and has been significantly rehabbed. Brick and wood exterior with new roof and new fence. New kitchen with tile backsplash and brand new cabinets. New bathroom with new vanity/fixtures. New interior paint and new light fixtures. Rent is $997. ONLINE VIDEO

    Tyler Tapley Crye-Leike, Inc., REALTORS

    1643 Mcmillan St, Memphis, TN 38106
  • /17

    $103,000

    • 2 Beds
    • 1 Bath
    • 1,671 Sq Ft

    1869 Marjorie St, Memphis, TN 38106

    Duplex 2/1 each side appr. 800sqft each door. Renter ready, renovations have been made to current sellers standards. Previous rent $700-$750. Rent range $950+ . Large corner lot with nice size kitchens. Currently vacant and easy to show. Please send all offers

    Cali Neal KAIZEN Realty, LLC

    1869 Marjorie St, Memphis, TN 38106
  • /13

    $99,500

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft

    862 S Lauderdale St, Memphis, TN 38126

    Investor Special! This cash cow is tenant occupied with rent at $1200 a month. The home has fully renovated with new tile floors, new paint, fully updated bathrooms/ kitchen, new roof and plumbing! Add this asset with over a 13% cap rate to your portfolio today!

    James Hooker Tiger Realty

    862 S Lauderdale St, Memphis, TN 38126
  • /10

    $95,000

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft

    1666 Victor St, Memphis, TN 38106

    This 700 sq ft, 2 bed, 1 bath home has been completely renovated from the floor up. New Security Cameras, New Roof, New Siding, New Windows, New Electrical, New Plumbing, New Doors, New Full Bath & a New Kitchen. HVAC Units & Water Heater are in storage and will be installed the day of closing. If you are an owner occupant and have a 560+ Credit Score with a W2 pay stub we can refer you to a

    Matthew Cates Bluff City Realty Group, LLC

    1666 Victor St, Memphis, TN 38106
  • /2

    $108,000

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

    924 N Ball Rd, Memphis, TN 38106

    Excellent Investment Opportunity

    James Harvey Jr Keller Williams

    924 N Ball Rd, Memphis, TN 38106
  • /7

    $107,950

    • 2 Beds
    • 1.5 Baths
    • 800+ Sq Ft

    442 Jacklyn Ave, Memphis, TN 38106

    James Wachob Foundation Property Management

    442 Jacklyn Ave, Memphis, TN 38106
  • /11

    $85,000

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

    253 Silverage Ave, Memphis, TN 38109

    Nice 3 bedroom 2 bathroom home with new interior paint, new laminate flooring, large front porch, security doors, and a nice floor plan. This could be a great long term rental or primary residence. It is minutes from downtown. Home is currently vacant but also being marketed to rent. ONLINE VIDEO AVAILABLE UPON REQUEST. Cash offers only. Very nice floor plan with one bedroom having its own

    Tyler Tapley Crye-Leike, Inc., REALTORS

    253 Silverage Ave, Memphis, TN 38109
  • /3

    $31,000

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

    1074 Latham St, Memphis, TN 38106

    Nestled at 1074 Latham ST, Memphis, TN, this single-story residential property presents a remarkable canvas for those with vision and a desire to shape their ideal home. This is a great investment opportunity for handy homeowners and investors. Imagine relaxing on the porch, a welcoming space to unwind after a fulfilling day, or to enjoy a refreshing beverage in the pleasant Memphis evenings.

    Bryant Smith The Professional Agency

    1074 Latham St, Memphis, TN 38106
  • /6

    $370,000

    • 12 Beds
    • 3,618 Sq Ft

    519 Simpson Ave, Memphis, TN 38106

    Investor's Dream! Don’t miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.

    Jonathan Nunez Fast Track Realty, LLC

    519 Simpson Ave, Memphis, TN 38106
  • /17

    $325,000

    • 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
  • /7

    $24,900

    • 2 Beds
    • 1 Bath
    • 1,052 Sq Ft

    674 Edith Ave, Memphis, TN 38126

    Investor Special! Opportunity to renovate this home and make it your own! Awesome potential with great upside. This is a 3 bed, 1 bath, 1,052 sq ft home. Being sold as is. This will sell fast.

    DANIEL DEMERS Sell Your Home Services LLC

    674 Edith Ave, Memphis, TN 38126
  • /11

    $60,000

    • 1 Bed
    • 1 Bath

    1655 S Orleans St, Memphis, TN 38106

    This is a one bedroom and one bath on each side of the duplex. This property is waiting for your tenant. You can purchase as an owner occupant and live in one side. The property is move in ready with new windows, new flooring, and roof installed last year per seller. Both units come with a stove and refrigerator in AS IS condition. The Seller will no repairs to this property. This is an

    Beulah Daniel KAIZEN Realty, LLC

    1655 S Orleans St, Memphis, TN 38106
  • /7

    $7,999

    • Land
    • 0.26 Acre
    • $30,765 per Acre

    1480 Marjorie St, Memphis, TN 38106

    HUGE LOT! Grab this oversized .26 acre beautiful sweeping lot while you can! Don’t wait, this area is up and coming and many developments happening! Prime land ready for building. Vacant lot can be viewed anytime. City water, sewer, gas and electric available. Cleared and ready to build on!

    1480 Marjorie St, Memphis, TN 38106
  • /4

    $34,500

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    152 E Essex Ave, Memphis, TN 38106

    Priced to sell. Great investment opportunity! This 2-bedroom, 1-bath home was renovated approximately 5 years ago. The roof is about 9 years old per seller. The property is fully fenced and currently tenant-occupied on a month-to-month lease, paying $625 per month. Priced competitively for a quick sale. Selling as-is. Please do not disturb the tenant. Showings will be scheduled with an accepted

    Victoria Brown 4 Success Realty, LLC

    152 E Essex Ave, Memphis, TN 38106
  • /4

    $20,000

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft

    2076 Farrington St, Memphis, TN 38109

    Investment property available. Distressed home near many industrial facilities / employers. Property has curb cut. Cash offers preferred. Please do due diligence before submitting an offer. No creative or owner financed offers. No wholesale or assignment

    William Haynes Crye-Leike, Inc., REALTORS

    2076 Farrington St, Memphis, TN 38109
  • /4

    $50,000

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft

    1566 Marjorie St, Memphis, TN 38106

    Investment opportunity. Tenant occupied property. Tenant is m2m paying $500/mo. This property could be fixed up and worth more money or a great buy and hold. Seller can convey AC & Furnace with acceptable offer. Online video available upon request. Do not approach or disturb tenant. No showings without an accepted offer. No wholesale, assignment, seller finance or creative finance. Online video

    William Haynes Crye-Leike, Inc., REALTORS

    1566 Marjorie St, Memphis, TN 38106
  • /2

    $35,000

    • 3 Beds
    • 1 Bath
    • 1,400+ Sq Ft

    749 E Trigg Ave, Memphis, TN 38106

    Investment Opportunity! Property being sold AS-IS. Add this house to your portfolio today!

    Zahra Sultan eXp Realty, LLC

    749 E Trigg Ave, Memphis, TN 38106
  • /16

    $1,600,000

    • 68 Beds
    • 1,482 Sq Ft

    1297 Willie Mitchell Blvd, Memphis, TN 38106

    Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This recently RENOVATED complex is 34 units, all 2BR 1 BA w/ Pitched Roofs, Central A/H, new Fls/ Baths, & Units! new security gate. Annual gross potential rent is $367,000. Willie Mitchell world famous studio is located across the street. 6 minutes drive to Downtown Memphis, 15

    John Cornes Braden, Braden & Braden LLC

    1297 Willie Mitchell Blvd, Memphis, TN 38106
  • /2

    $80,000

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

    944 Alice Ave, Memphis, TN 38106

    Tenant Occupied with longterm tenants, no viewings without accepted contract. New roof, new windows, new paint, new flooring.

    Marceline Williams LPT Realty, LLC

    944 Alice Ave, Memphis, TN 38106
  • /5

    $165,000

    • 5 Beds
    • 2 Baths
    • 1,600+ Sq Ft

    281 Bond Ave, Memphis, TN 38106

    INVESTORS, this one is for you. Cash flowing rental property with guaranteed income! Monthly rent of $1,441 is 100% covered by Section 8. Lease ends on 9/30/2025. Minimal maintenance brick home under 20 years old, with a responsible tenant happily in place. Let this be the next step in your investing journey. DO NOT DISTURB TENANTS. No showings without an accepted offer.

    Joseph Johnson BEST Real Estate Company

    281 Bond Ave, Memphis, TN 38106
  • /40

    $125,000

    • 4 Beds
    • 2 Baths
    • 1,200+ Sq Ft

    1848 Blair Hunt Dr, Memphis, TN 38109

    Discover comfort and charm at 1848 Blair Hunt Drive, nestled in the heart of Memphis, TN 38109. This inviting home offers spacious living with modern updates, perfect for families or investors. Enjoy a large backyard, ideal for relaxing or entertaining, and a quiet neighborhood just minutes from parks, schools, shopping, and downtown Memphis. Whether you're looking to settle in or expand your

    Lauren Cansler Crye-Leike, Inc., REALTORS

    1848 Blair Hunt Dr, Memphis, TN 38109
  • /2

    $150,000

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

    862 Williams Ave, Memphis, TN 38126

    Excellent opportunity to become a new home owner before summer!

    Charlestine Mitchell Lawrence Johnson, REALTORS

    862 Williams Ave, Memphis, TN 38126
  • /7

    $45,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    525 E Dison Ave, Memphis, TN 38106

    Home is being sold AS-IS, seller will not do any repairs. Some repairs started but are not completed. Great investment opportunity. Cash offers only.

    Esther Guy BenchMark REALTORS, LLC

    525 E Dison Ave, Memphis, TN 38106
  • /19

    $50,000

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft

    237 Modder Ave, Memphis, TN 38109

    **Excellent Investment Opportunity – 2BR/1BA Home** Investors, take note! This **2-bedroom, 1-bathroom** property is a fantastic opportunity to expand your portfolio. Whether you're looking for a **fix-and-flip** or a **buy-and-hold rental**, this home has great potential. **Key Features:** - 2 Spacious Bedrooms - 1 Full Bathroom - Great Floor Plan with Investment Potential -

    Ashley Edwards Keller Williams

    237 Modder Ave, Memphis, TN 38109
  • /28

    $1,290,000

    • 12 Beds
    • 5,760 Sq Ft

    1680 Kansas St, Memphis, TN 38109

    Welcome to Sunny Grove! This is a 22-unit fully occupied property with two buildings and one graveled parking lot. Spanning 3 addresses (1680 Kansas St, 1686 Kansas St and 1683 Kansas), it is a turnkey, renovated, cash-flowing property to a VA-Funded Nonprofit for veterans in need. 3-year lease is in place! $13k/mo in rental income, utilities reimbursed, maintenance reimbursed, no Capex needed!

    Zach Thomas Sell901 Real Estate

    1680 Kansas St, Memphis, TN 38109

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About South Memphis

South Memphis, often referred to as Soulsville, is a neighborhood with a rich history rooted in soul music, highlighted by the Stax Museum, which stands as a symbol of the community's cultural heritage. The area is undergoing significant changes, with newly constructed apartments and housing communities replacing older public housing projects. Many homes in South Memphis are ranch-style properties from the 1950s and 1960s, with some being sold to investors and others to owner-occupants. The neighborhood is served by Memphis-Shelby County Schools, with Soulsville Charter School being a standout option due to its high graduation rate. Local attractions include Martin Luther King Jr. Riverside Park, which offers playgrounds, walking trails, and a lake, and the Carlisle S. Page Arboretum, home to about 1,500 trees. The Green Leaf Learning Farm provides after-school programs focused on gardening and culinary arts. Dining options are plentiful, with The Four Way being a notable soul food restaurant with historical significance. Southgate Shopping Center caters to shopping needs, and the neighborhood's proximity to downtown Memphis, just 3 miles away, ensures quick access to top attractions and major employers. Community organizations like the Soulsville Foundation and The Knowledge Quest are actively working to uplift the area.

Frequently Asked Questions

Is South Memphis a good place to live?
South Memphis is a good place to live. South Memphis is considered car-dependent and somewhat bikeable with some transit options. South Memphis is a suburban neighborhood. South Memphis has 14 parks for recreational activities. It is fairly sparse in population with 3.5 people per acre and a median age of 40. The average household income is $38,124 which is below the national average. College graduates make up 10.8% of residents. A majority of residents in South Memphis are renters, with 60.7% of residents renting and 39.3% of residents owning their home. A local real estate agent serving South Memphis can help you decide if this neighborhood is the right one for you. Learn more on our South Memphis neighborhood guide.
Is South Memphis, TN a safe neighborhood?
South Memphis, TN is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in South Memphis?
The median home price in South Memphis is $79,900. If you put a 20% down payment of $16,000 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $18K a year to afford the median home price in South Memphis. The average household income in South Memphis is $38K.
What are the best public schools in South Memphis?
The best public schools that serve South Memphis are:
What are the best private schools in South Memphis?
The best private schools that serve South Memphis are:
What are the most popular zip codes in South Memphis, Memphis, TN?
The most popular zip codes in South Memphis, Memphis, TN include 38654, 38111, 38109, 38632 and 38117.
What are the most popular neighborhoods near South Memphis, Memphis, TN?
The most popular neighborhoods near South Memphis, Memphis, TN are Southeast Memphis, South Main, South City, Downtown Memphis and Annesdale.

Home Trends in South Memphis, TN

Home Trends

Median Price (12 Mo)
$58,749
Median Single Family Price
$69,000
Median 2 Bedroom Price
$61,000
Average Price Per Sq Ft
$66
Number of Homes for Sale
69
Last 12 months Home Sales
144
Months of Supply
5.80
Median List Price
$79,900
Median Discount From 1st List Price
10%
Median Home Sale Price YoY Change
7%
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