SHERWOOD FOREST Homes under $400,000

SHERWOOD FOREST Homes under $400,000

Welcome to Sherwood Forest, a charming subdivision nestled in the heart of Memphis, Tennessee, in the vibrant Shelby County. This delightful community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal choice for families, professionals, and retirees alike.

Sherwood Forest is characterized by its tree-lined streets, welcoming atmosphere, and a diverse array of homes that cater to various tastes and lifestyles. With an impressive selection of properties priced under $400,000, this neighborhood presents an excellent opportunity for homebuyers seeking value without compromising on quality. From cozy single-family homes to modern townhouses, there’s something for everyone in this picturesque enclave.

Residents of Sherwood Forest enjoy easy access to a wealth of amenities, including parks, shopping centers, and dining options that showcase the rich cultural tapestry of Memphis. The nearby schools are well-regarded, making it a fantastic choice for families looking to provide their children with a solid education.

Outdoor enthusiasts will appreciate the proximity to beautiful green spaces, perfect for leisurely strolls, picnics, or recreational activities. The sense of community here is palpable, with neighbors often gathering for events and activities that foster connections and camaraderie.

Whether you’re a first-time homebuyer or looking to downsize, Sherwood Forest offers a welcoming environment where you can plant your roots and thrive. Come explore this hidden gem in Memphis, and discover the perfect home that fits your lifestyle and budget!

Newest SHERWOOD FOREST Homes under $400,000

3856 Rhodes Ave, Memphis
$94,900
3 Beds ⋅ 1 Baths ⋅ 10232008 MLS
Calling all investors! This 1-story home offers 3 bedrooms, 1 full bathroom, and 1,114 square feet of living space. The floor plan provides a solid starting point for updates and improvements, with plenty of opportunity to renovate, customize, and add value. Bring your vision and transform this property into your next investment or renovation project. Schedule your showing today!

3856 Rhodes Ave, Memphis
1009 Mcevers Rd, Memphis
$165,000
3 Beds ⋅ 1 Baths ⋅ 10230910 MLS
Just minutes from the University of Memphis. The property features a handicap-accessible front ramp, offering added convenience and accessibility. Rental Details: Current Rent: $1,195 Market Rent: $1,260/month Section 8 Welcome: Approved rental rate up to $1,780 ? Accessibility: Handicap ramp at front entrance ?? Location Perk: Near the University of Memphis ?? Type: Single-family residential home This home is ideal for tenants seeking an affordable, accessible option close to the University of Memphis, local schools, shopping, public transportation, and major roadways.

1009 Mcevers Rd, Memphis
3753 Friar Tuck Rd, Memphis
$157,500
3 Beds ⋅ 1 Baths ⋅ 10230513 MLS
100% financing through Renasant Bank for qualified Buyers. Adorable 3/1 tucked on a quiet street in East Memphis. A few minutes from The U of Memphis. Beautiful hardwood floors, updated kitchen with quartz countertops, fresh paint (2026), wood blinds throughout, HVAC/hot water tank 2022, attic insulation 2024, crawl space dehumidifier 2025, updated bathroom, walk up attic, updated light fixtures. Truly move in condition! Don't miss this chance for an incredible deal! Some rooms have been virtually staged.

3753 Friar Tuck Rd, Memphis
1071 Getwell Rd, Memphis
$349,500
5 Beds ⋅ 3.1 Baths ⋅ 10229635 MLS
Prime investment opportunity near the University of Memphis! Built in 2018, this spacious 5-bedroom, 3.5-bathroom home generates $4,500+ in average monthly gross income as a top-performing short-term rental. Property Highlights: Proven Cash Flow: Currently operating as a high-earning Airbnb with an experienced property manager willing to stay on for the new buyer—offering true passive income from day one! Modern Build: Built in 2018 with high ceilings, energy-efficient spray foam insulation, durable finishes, and low maintenance costs. Functional Layout: 5 bedrooms and 3.5 baths provide maximum capacity for short-term guests, groups, or student housing. Expansive Backyard: Massive private yard featuring a gated drive with parking space for multiple vehicles. Location: Minutes from the U of M campus, dining, shopping, and fast access to I-240. Option to negotiate furniture and keep current management in place for a seamless transition. Contact today for details or to schedule a p

1071 Getwell Rd, Memphis
3723 Wilshire Ave, Memphis
$129,901
3 Beds ⋅ 1 Baths ⋅ 10228843 MLS
Investor special or the perfect place to call home! This move-in ready 3-bedroom home offers a spacious, fully fenced backyard and an excellent location close to shopping, dining, and schools. Conveniently located near Sherwood Elementary, Sherwood Middle, and Melrose High School, this property is ideal for homeowners and investors alike. With online sources estimating rental potential around $1,400 per month, this home presents a fantastic opportunity to add to your portfolio or purchase as your first home. Schedule your showing today!

3723 Wilshire Ave, Memphis
1121 Will Scarlet Rd, Memphis
$124,000
2 Beds ⋅ 1 Baths ⋅ 10227454 MLS
Charming, easy-care living in the heart of Sherwood Forest! This move-in-ready 2-bedroom, 1-bathroom home features a functional 802 sq. ft. layout with 5 total rooms, offering a comfortable and cozy flow throughout. Enjoy low-maintenance single-story living complete with covered carport parking. Situated on a 50x120 lot in a prime Memphis location close to local amenities, the University of Memphis, Audubon Park, dining, and main thoroughfares. Whether you're looking for an affordable starter home or a turnkey addition to your investment portfolio, 1121 Will Scarlet is a must-see!

1121 Will Scarlet Rd, Memphis
3704 Friar Tuck Rd, Memphis
$159,000
4 Beds ⋅ 2 Baths ⋅ 10225622 MLS
Welcome to a beautifully maintained home in the heart of East Memphis! Major updates completed in 2019 include a new roof, HVAC system, and water heater, giving you peace of mind for years to come. The home offers a warm, inviting layout. Located just minutes from the University of Memphis, Shelby Farms Park, and the Memphis Botanic Garden, this home is perfectly positioned near some of the city's top attractions, shopping, dining, and entertainment. Don’t miss your chance to own a well cared for property! Home is currently tenant occupied paying $1,650 a month, lease ends 1/01/2027.

3704 Friar Tuck Rd, Memphis
1107 Mcevers Rd, Memphis
$145,000
2 Beds ⋅ 1 Baths ⋅ 10224399 MLS
Check out this cozy 2 bedroom 1 bath bungalow in the heart of the University of Memphis area on a large lot. Over 1,100 sq. ft. of living space featuring hardwood floors, fresh paint inside/out, a renovated bathroom, new windows, new HVAC, new roof, and much more. All appliances to stay including washer and dryer.

1107 Mcevers Rd, Memphis
3844 Wilshire Rd, Memphis
$185,000
4 Beds ⋅ 2 Baths ⋅ 10223595 MLS
Here's your chance to own a renovated 4br 2ba, including the 1br 1ba efficiency attached in Sherwood Forrest. Very close to U of M. The efficiency apartment is currently tenant occupied at $900/mo. The 3br 1ba main house is vacant and easy to show. Showing of the occupied unit will be only after accepted offer. Great house-hack opportunity!

3844 Wilshire Rd, Memphis
3721 Huntingdon Ln, Memphis
$228,900
4 Beds ⋅ 2 Baths ⋅ 10223218 MLS
Brand-New Construction Near the University of Memphis Welcome to this beautifully built 4-bedroom, 2-bathroom new construction home, ideally located just minutes from the University of Memphis. Featuring durable, low-maintenance solid surface flooring throughout, this home offers modern style and easy upkeep from the moment you walk in. The open, functional layout makes it a perfect fit for first-time homebuyers ready to put down roots, or for investors looking to capitalize on strong, steady rental demand in one of Memphis's most active student and professional corridors. Centrally located, you'll enjoy quick access to shopping, dining, and everyday conveniences, with the entire city within easy reach. New construction means peace of mind — no deferred maintenance, just a clean slate and years of worry-free ownership ahead. Whether you're buying your first home or adding to your portfolio, this one checks all the boxes. Schedule your showing today! Owner/Agent

3721 Huntingdon Ln, Memphis
3522 Stuart Rd, Memphis
$175,000
2 Beds ⋅ 1 Baths ⋅ 10222899 MLS
Well maintained investment property in the Sherwood Forest neighborhood. Front house has 2bedrooms - 1bath, living and dining room adequate living space. Back house offers 2-stories 1bedroom, 1bath full size kitchen laundry area and a walk out deck Great rental or AirBNB. Front house is currently tenant occupied.

3522 Stuart Rd, Memphis
3788 Allandale Ln, Memphis
$159,500
3 Beds ⋅ 1 Baths ⋅ 10222038 MLS
Charming 3 bedroom, 1 bath home with a functional layout and plenty of natural light throughout. Features include a spacious living area, updated kitchen, and a large backyard perfect for entertaining, pets, or relaxing evenings outdoors. Conveniently located near shopping, dining, and schools, this home is a great opportunity for first time buyers, investors, or anyone looking for comfortable living at an affordable price.

3788 Allandale Ln, Memphis
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