Memphis Homes under $500,000

Memphis Homes under $500,000

Welcome to Memphis, Tennessee – a city steeped in rich history, vibrant culture, and an undeniable charm that captivates everyone who visits. Nestled in Shelby County along the mighty Mississippi River, Memphis is renowned for its musical heritage, mouthwatering barbecue, and warm Southern hospitality. From the soulful rhythms of Beale Street to the iconic Graceland, this city offers an eclectic mix of attractions that cater to both residents and visitors alike.

For those looking to plant roots in this dynamic city, Memphis boasts an impressive selection of homes priced under $500,000. Whether you’re a first-time homebuyer, a growing family, or someone seeking a cozy retreat, you’ll find a diverse array of properties that fit your needs and budget. From charming bungalows in historic neighborhoods to modern townhomes in up-and-coming areas, the Memphis real estate market offers something for everyone.

The affordability of homes in Memphis is particularly appealing, allowing residents to enjoy a high quality of life without breaking the bank. With ample green spaces, excellent schools, and a thriving arts scene, you’ll find that Memphis is not just a place to live, but a community to thrive in.

Explore the unique neighborhoods that make Memphis special, each with its own character and charm. Whether you prefer the bustling energy of Midtown or the serene surroundings of East Memphis, you’ll discover why this city is a fantastic place to call home. Come experience the warmth and vibrancy of Memphis – your dream home awaits!

Newest Memphis Homes under $500,000

3461 Jenkins St, Memphis
$104,900
3 Beds ⋅ 1.1 Baths ⋅ 10231977 MLS
Welcome to this 1-story brick veneer home offering 3 bedrooms, 1.5 bathrooms, and approximately 1,212 sq ft of living space. The functional floor plan features six total rooms with plenty of flexibility for everyday living. An attached carport provides convenient covered parking, while the single-level layout makes the home easy to enjoy. With plenty of potential to personalize and make it your own, this property is ready for its next chapter. Schedule your showing today!

3461 Jenkins St, Memphis

Listing courtesy of Mainstay Brokerage, LLC.

697 S Belvedere Blvd, Memphis
$219,860
2 Beds ⋅ 1.1 Baths ⋅ 10231976 MLS ⋅ Central Gardens Squa BLDG.
Wonderful Central Gardens location and Condo's in a gated community. Hardwood floors, granite, stainless steel appliances, washer and dryer and view of beautiful mid-town Memphis homes. Assigned parking. Turn key opportunity!

697 S Belvedere Blvd, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.

4160 Wagon Wheel Dr, Memphis
$99,900
3 Beds ⋅ 2 Baths ⋅ 10231975 MLS
Welcome to this inviting 1-story home offering 3 bedrooms, 2 full bathrooms, and 1,206 square feet of living space. Step inside to a comfortable floor plan featuring a cozy fireplace and plenty of space to relax, gather, and entertain. The home is in good condition and offers an easy-to-enjoy layout with central heating and air. Come take a look and imagine making it your own. Schedule your showing today!

4160 Wagon Wheel Dr, Memphis

Listing courtesy of Mainstay Brokerage, LLC.

698 Hotchkiss Blvd, Memphis
$219,860
2 Beds ⋅ 1.1 Baths ⋅ 10231974 MLS ⋅ Central Gardens Squa BLDG.
Wonderful mid-town GATED condo complex. Only 48 units. 2 assigned parking spaces for each condo. Hardwood floors, granite, stainless still appliances, very clean, fresh paint, private patio area with planting space. Common space for dog walking! Complex looks toward the most beautiful mid-town homes.

698 Hotchkiss Blvd, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.

4128 Starwood Dr, Memphis
$195,000
3 Beds ⋅ 2 Baths ⋅ 10231970 MLS
3 bed 2 bath English Tudor style home in Ridgeway East area being sold AS-IS by Auction Means with EXTERIOR ACCESS ONLY ~~ NO INTERIOR ACCESS OR INSPECTIONS PRIOR TO CLOSE ~~ DO NOT TRESSPASS ON PROPERTY ~

4128 Starwood Dr, Memphis

Listing courtesy of Crye-Leike Inc., REALTORS.

7435 Woodshire Rd, Memphis
$279,000
3 Beds ⋅ 2 Baths ⋅ 10231969 MLS
Welcome to this beautifully updated, move-in-ready brick home located at 7435 Woodshire Rd, Memphis, TN 38125. Built in 1987, this charming property spans over 2,069 square feet on a generous 0.26-acre lot, offering the perfect blend of modern updates and timeless comfort. Key Features: • Fresh Interior Updates: Step inside to enjoy brand-new carpet, new kitchen flooring, and a completely fresh coat of interior paint that gives the home a bright, modern, and clean feel. • Spacious Living: 3 bedrooms and 2 full bathrooms, plus large bonus room provide plenty of room for a growing household, overnight guests, or a dedicated home office setup. • Classic Architecture: Features a durable brick masonry exterior and central cooling to keep you comfortable through hot Memphis summers. • Attached Garage: A convenient attached garage offers secure parking and extra storage space. • Great Backyard: The 0.26-acre lot leaves plenty of room for outdoor entertaining, gardening, or recreation.

7435 Woodshire Rd, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.

3545 Lehi Dr, Memphis
$150,000
3 Beds ⋅ 2 Baths ⋅ 10231965 MLS
Excellent investment opportunity! Currently rented at $1500/month! Roof, including most of the decking, was replaced two years ago. Entire HVAC system was replaced about two years ago. All rotten wood and fascia was addressed as well. Hardwood floors throughout, and two full baths. Separate laundry room off of the kitchen and two living areas. Large storage building in the fenced in backyard. Please do not disturb tenants. Owner agent.

3545 Lehi Dr, Memphis

Listing courtesy of CrestCore Realty MphsBrokerage.

4056 Hermitage Dr, Memphis
$144,000
3 Beds ⋅ 2 Baths ⋅ 10231964 MLS
MORE THAN HALF AN ACRE. ONE LEVEL. PLENTY OF POSSIBILITIES! Discover 4056 Hermitage Drive, a three-bedroom home offering classic character and room to spread out. Separate living, dining, and breakfast rooms provide space for everyday meals, gatherings, and relaxing evenings. Hardwood flooring in portions of the home adds warmth, while a kitchen pantry keeps essentials close at hand. Enjoy a level .57-acre lot with trees, chain-link fencing, a two car carport. Space inside, space outside, and an opportunity to make it your own—schedule your showing today!

4056 Hermitage Dr, Memphis

Listing courtesy of Bespoke Realty.

3609 Bigelow St, Memphis
$85,000
3 Beds ⋅ 1.1 Baths ⋅ 10231959 MLS

3609 Bigelow St, Memphis

Listing courtesy of Keller Williams.

5052 Cedrick Ave, Memphis
$150,000
3 Beds ⋅ 2 Baths ⋅ 10231955 MLS

5052 Cedrick Ave, Memphis

Listing courtesy of Keller Williams.

288 Adolphus Ave, Memphis
$28,000
4 Beds ⋅ 2 Baths ⋅ 10231954 MLS
Calling all investors. Property was rented for $1800 MHA. Huge cash flow opportunity for any investor! A large tree limb took out the top half of the third floor. The rest of the property is in solid shape. No assignment language of any kind will be accepted.

288 Adolphus Ave, Memphis

Listing courtesy of Keller Williams.

8391 Kings Trail Cv, Memphis
$299,900
4 Beds ⋅ 2.1 Baths ⋅ 10231953 MLS
Welcome to this well-maintained 4-bedroom, 2.5-bath home in desirable Countrywood, offering all bedrooms and living spaces conveniently located on one level. With a great floor plan and solid bones, this home is ready for its next chapter. The kitchen has been updated and opens seamlessly to the family room, creating a comfortable gathering space centered around a cozy fireplace. Major items have already been addressed, including updated windows and HVAC, while smooth ceilings enhance the main living areas. A fresh coat of paint and new carpet would make a tremendous difference and provide an easy way to personalize the space. Outside, enjoy a large, flat backyard with plenty of room for play, entertaining, gardening, or simply relaxing. A fantastic opportunity to make a well-cared-for home your own!

8391 Kings Trail Cv, Memphis

Listing courtesy of Keller Williams.

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