Memphis Homes under $400,000

Memphis Homes under $400,000

Welcome to Memphis, Tennessee – a vibrant city steeped in rich history, soulful music, and mouthwatering barbecue! Nestled in Shelby County, Memphis is not only known as the birthplace of blues and rock 'n' roll but also boasts a diverse culture, friendly neighborhoods, and an affordable housing market that makes it an ideal place to call home.

If you're looking for homes under $400,000, Memphis offers a fantastic array of options that cater to various lifestyles and preferences. From charming bungalows in historic districts to modern townhouses in bustling urban areas, there’s something for everyone. Many of these homes come with spacious yards, perfect for family gatherings or quiet evenings under the stars.

Living in Memphis means you’ll have access to a wealth of amenities. Explore the iconic Beale Street, where live music fills the air, or indulge in the culinary delights of the city’s renowned barbecue joints. The city is also home to beautiful parks like Shelby Farms Park, offering miles of trails for walking, biking, and enjoying nature.

Families will appreciate the excellent schools and community spirit that permeate Memphis. With a cost of living that is significantly lower than the national average, you can enjoy a high quality of life without breaking the bank.

Whether you're a first-time homebuyer, a growing family, or looking to invest, Memphis has the perfect home waiting for you. Discover the charm of this incredible city and let it welcome you home!

Newest Memphis Homes under $400,000

1528 Delmont Rd, Memphis
$169,900
3 Beds ⋅ 1.1 Baths ⋅ 10231711 MLS
Welcome home to this move-in-ready Colonial Acres charmer! This inviting one-level home offers 3 bedrooms, 1.5 baths, and approximately 1,204 square feet of comfortable living space. Hardwood floors add warmth and character throughout, while the primary bedroom enjoys the convenience of a private half bath. A spacious laundry closet adds valuable everyday storage and functionality. The fenced backyard with a patio creates a great setting for outdoor relaxation, pets, play, or entertaining. The detached Storage Shed in the photos stays with property. Ideally located just off Quince Road, enjoy easy access to nearby shopping, dining, and daily conveniences. A wonderful opportunity for a first-time buyer, downsizer, or anyone seeking easy single-level living in a convenient East Memphis location. Schedule your showing today!

1528 Delmont Rd, Memphis
1048 W Shankman Cir, Memphis
$119,900
2 Beds ⋅ 1 Baths ⋅ 10231709 MLS
Well maintained and move in ready, this 2 bedroom, 1 bath home offers a great opportunity for both homeowners and investors! The home features beautiful hardwood floors, an updated kitchen, comfortable living spaces, and a two car covered garage providing plenty of parking and additional convenience. Whether you're searching for an affordable home or looking to expand your rental portfolio, this property offers excellent potential. Located directly across the street from 1047 W Shankman Cir, which is also available for sale, the two properties may be purchased together creating a unique opportunity for an investor to acquire multiple rental properties in the same location. With rental rates in the area continuing to rise, this home could make a great addition to a growing portfolio. Call listing agent today for a tour!

1048 W Shankman Cir, Memphis
3365 Central Ave, Memphis
$245,000
3 Beds ⋅ 2.1 Baths ⋅ 10231708 MLS
This East Buntyn traditional could be the perfect spot to make your own. The home features a classic plan with original, yet beautifully refinished, hardwood floors throughout. Upon entry, the standout centerpiece is the gas-converted marble fireplace with pretty wood detailing around the mantle. The kitchen has been updated with Kitchenaid double ovens, a Frigidaire gas range, and striking Red Dragon granite countertops. The bathrooms have been updated with modern tile and fixtures but still maintain charm with the linen closets and discrete laundry chutes. The space and storage is a surprise - tons of closets, including a cedar closet, linen closet, and coat closet in the main hallway; walk-in attic storage; a bonus room for exercise or home office upstairs; and a storage shed off the carport. The private, fenced backyard has a contoured patio and lush, mature landscaping. Newer double-hung windows throughout for efficiency and noise reduction. This is a prime East Memphis location!

3365 Central Ave, Memphis
1047 W Shankman Cir, Memphis
$169,900
3 Beds ⋅ 2 Baths ⋅ 10231707 MLS
Move-in ready and well maintained, this 3-bedroom, 2-bath home offers a great opportunity for both homeowners and investors! Inside, you'll find beautiful hardwood floors, an updated kitchen, updated bathrooms, a full laundry room, and an exceptionally spacious bedroom addition that provides plenty of extra living space. The home has been well cared for and is ready for its next owner with no major renovations needed. Whether you're looking for a comfortable family home or a strong addition to a rental portfolio, this property offers plenty of potential. Located directly across the street from 1048 Shankman Cir, which is also available for sale, the two properties may be purchased together and would be an excellent opportunity for an investor looking to acquire multiple rental properties in the same location. With rental rates in the area continuing to rise, this home is worth adding to your list. Call listing agent today for a tour!

1047 W Shankman Cir, Memphis
3651 Philwood Ave, Memphis
$364,000
3 Beds ⋅ 2 Baths ⋅ 10231703 MLS
Located in the heart of High Point Terrace in East Memphis, Tennessee, this meticulously maintained 3-bedroom, 2-bath home blends timeless Midtown charm with thoughtful updates and exceptional functionality all with a new price! Original hardwood floors, newer windows, plantation shutters, a new roof, and beautifully organized spaces create a home that’s as practical as it is inviting. A walk-up attic, abundant storage, detached garage, and a 30-amp RV/trailer hookup provide flexibility for hobbies, travel, and everyday living. Enjoy your morning coffee on the welcoming front porch or unwind beneath the covered patio after an evening stroll along the nearby Greenline or dinner at High Point Pizza. Nestled in one of Memphis’ most beloved neighborhoods, you’ll love the walkability to a local grocery, neighborhood pub, and one of the area’s most sought-after schools.

3651 Philwood Ave, Memphis
779 Mcconnell St, Memphis
$189,900
4 Beds ⋅ 2 Baths ⋅ 10231695 MLS
Charming home located in convenient Memphis location near Rhodes College and Overton Park! Features spacious living areas, abundant natural light, and a private backyard. Convenient access to Jackson Ave, Midtown dining, and downtown entertainment. Perfect for a first-time homebuyer or savvy investor. Don't miss out!

779 Mcconnell St, Memphis
4706 Lorece Ave, Memphis
$275,000
3 Beds ⋅ 2 Baths ⋅ 10231692 MLS
Located in a great East Memphis neighborhood this home is original in condition and ready for you to make it your own. It is being sold AS IS. Living Room with fireplace. Hardwood floors. 3 bedrooms plus paneled den and a large bonus room they used for entertaining. The .43 ac lot is very deep and has a detached two car garage. Permanent stairs to full attic.

4706 Lorece Ave, Memphis
4624 Wicklow Dr, Memphis
$169,900
3 Beds ⋅ 2 Baths ⋅ 10231690 MLS
Ready for your next project? This house just needs a little updating, cleaning, and refreshing to bring it back to life. Ideal for DIY homeowners who are not afraid of a little sweat equity or investors looking for their next buy-and-hold. It was a great investment property and is ready for new owners. The property is priced below market to reflect needed updates. Utilities have been requested. Buyers are to perform their due diligence. Sold AS-IS. The seller will not make repairs.

4624 Wicklow Dr, Memphis
2931 Lake Park Rd, Memphis
$189,900
4 Beds ⋅ 2 Baths ⋅ 10231689 MLS
Great opportunity in Memphis! This charming home at 2931 Lake Park Rd features a functional layout with bright living space, spacious bedrooms, and a generous backyard perfect for outdoor living or entertaining. Conveniently located near major routes, local schools, shopping, and parks. Ideal primary residence or turn-key investment. Schedule your showing today!

2931 Lake Park Rd, Memphis
1508 Joanne St, Memphis
$180,000
5 Beds ⋅ 3 Baths ⋅ 10231687 MLS
INVESTOR OPPORTUNITY! Spacious home offering nearly 3,000 square feet with 5 bedrooms, 3 full baths, plus an additional unfinished bath. This property offers plenty of space and potential for the savvy investor ready to bring a vision to life. A great opportunity to renovate, customize, and add value. Cash offers only. Property being sold AS-IS. Schedule your showing and explore the possibilities!

1508 Joanne St, Memphis
580 Marianna St, Memphis
$79,900
3 Beds ⋅ 1 Baths ⋅ 10231674 MLS
Bring your vision and renovation expertise to 580 Marianna St. This 3-bedroom, 1-bath home offers an opportunity for someone looking for their next project in Memphis. The property features approximately 931 square feet of existing living space on a roughly 6,800-square-foot lot, providing a solid starting point for a full renovation. The home will require a complete rehab, but the existing layout and footprint offer plenty of potential for the right buyer. Whether your goal is to renovate and resell or add a property to your investment portfolio, this property is ready for someone to unlock its potential. Sold as-is.

580 Marianna St, Memphis
1374 Dow Pl, Memphis
$165,000
3 Beds ⋅ 2 Baths ⋅ 10231669 MLS
Calling All Investors!! Seller offering $3500 buyer credit for closing costs and pre-pays. Don't miss this excellent opportunity to own a newly constructed investment property with an established tenant already in place. The tenant is currently under a 12-month lease at $1.500 per month, providing immediate rental income. This well-appointed home features 3 bedrooms, 2 full bathrooms, and an open-concept floor plan. The kitchen comes complete with appliances, making it move-in ready. Conveniently located just minutes from the Stax Museum of American Soul Music and LeMoyne-Owen College, this property offers strong rental appeal in a growing area. Start generating income from day one with this turnkey investment opportunity!

1374 Dow Pl, Memphis
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