CENTRAL GARDENS Homes under $500,000

CENTRAL GARDENS Homes under $500,000

Welcome to Central Gardens, a charming and vibrant subdivision nestled in the heart of Memphis, Tennessee. This picturesque neighborhood, located in Shelby County, is renowned for its rich history, stunning architecture, and a strong sense of community. Central Gardens is a hidden gem that offers a perfect blend of urban convenience and suburban tranquility, making it an ideal place to call home.

One of the standout features of Central Gardens is its diverse range of homes, many of which are available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, this subdivision offers an array of options to suit various tastes and budgets. From beautifully restored historic homes showcasing intricate details to modern designs that cater to contemporary lifestyles, Central Gardens has something for everyone.

Residents of Central Gardens enjoy easy access to a variety of amenities, including local parks, boutique shops, and delicious dining options. The neighborhood is also conveniently located near major highways, making commuting to downtown Memphis and other areas a breeze. Families will appreciate the proximity to quality schools and community resources, fostering a nurturing environment for children.

Living in Central Gardens means becoming part of a close-knit community that values inclusivity and neighborly connections. With its tree-lined streets, friendly atmosphere, and rich cultural heritage, Central Gardens is not just a place to live; it’s a place to thrive. Discover your dream home in this delightful subdivision and experience the best of what Memphis has to offer!

Newest CENTRAL GARDENS Homes under $500,000

1378 Goodbar Ave, Memphis
$425,000
4 Beds ⋅ 2.1 Baths ⋅ 10230965 MLS
Owned by the same family for more than 30 years, this special home is ready for its next chapter. Hard-to-find true 4 bedrooms (2 are downstairs) PLUS bonus room upstairs that could be the 5th bedroom. The original hardwood floors were recently refinished along with all new carpet upstairs & down, prepping the canvas for your cosmetic touches. The wood burning fireplace is a rare treat for a Midtown home, as well as the oversized 2-car garage with alley access for secure parking. Located on a wonderful block in Central Gardens directly across the street from the University Club of Memphis.

1378 Goodbar Ave, Memphis

Listing courtesy of Real Estate Agency.

533 Peabody Sq Unit #533, Memphis
$185,000
2 Beds ⋅ 1.2 Baths ⋅ 10230102 MLS
Freshly painted, move-in ready, and right in the heart of Midtown! This updated townhome offers a bright, neutral interior while keeping all the stylish details that give it so much personality. The kitchen features quartz countertops, penny tile backsplash, patterned tile flooring, updated appliances, and warm brass accents. The open living and dining areas offer great natural light, beautiful flooring, and statement light fixtures throughout. Upstairs, you'll find spacious bedrooms with generous closet space and a renovated bathroom featuring classic subway tile and updated fixtures. A new HVAC installed in 2024 adds peace of mind, and residents can enjoy the community pool during those hot Memphis summers. Just minutes from Midtown restaurants, entertainment, parks, and more, this home combines a convenient location with thoughtful updates and plenty of character. Come take a look at 533 Peabody Square!

533 Peabody Sq Unit #533, Memphis

Listing courtesy of Hometown Realty.

699 S Barksdale St, Memphis
$369,900
2 Beds ⋅ 1 Baths ⋅ 10229964 MLS
Lovely duplex is Central Gardens. Each unit has 2 bedrooms and 1 bath. private back yards, central heat and air and washer/dryer in each unit. Both sides currently rented, one leased until August 2027 and the other is month-to-month, allowing for owner/occupant. Regrettably, these units cannot be viewed without a negotiated contract. There is a 3.5% VA assumable loan on this property. If you are a veteran and have eligibility to substitute your eligibility for the seller, you may assume this loan with an appropriate equity payment. Owner is NOT interested in non veteran buyers assuming the loan.

699 S Barksdale St, Memphis

Listing courtesy of The Carter Group LLC, REALTORS.

1971 Vinton Ave, Memphis
$325,000
5 Beds ⋅ 2 Baths ⋅ 10229325 MLS
Bring your "brady bunch" and check out this charming circa 1926 bungalow in the heart of Central Gardens! Newly refinished hardwood down & new carpet up. New laundry closet added on main floor. No more trudging laundry up & down basement steps. Freshly painted walls and trim throughout! Kitchen & baths updated. 5 BR, 2 BA; 2 BR's down, 3 BR's up. Full BA down & full bath up. Spacious LR w/decorative fireplace & built-in bookcases. Large dining room w/triple window. Kitchen & adjoining breakfast area south facing & light filled. Gated parking. Fenced yard. Dual HVAC, updated electric panel. All appliances remain. Exterior is hard coat stucco. Great block of Historic Central Gardens. Within easy walking distance of public and private schools!

1971 Vinton Ave, Memphis

Listing courtesy of Hobson, REALTORS.

528 Peabody Sq Unit #528, Memphis
$170,000
2 Beds ⋅ 1.2 Baths ⋅ 10228059 MLS ⋅ Peabody Square BLDG.
OPEN HOUSE SUN. 10/11, 2-4! This meticulously maintained unit is a delight to see and show! Posh & comfortable makes you feel at home instantly! This complex is special, the residents say everyone is delightful and care & support each other, A little touch of Mayberry awaits you! Replaced A/C in 2023 & hot water in 2023, gutters in 2022, roof within last 5 years. HOA covers roof, landscaping, exterior maintenance, trash, water. Includes pool & club house! All appliances included! Will sell FHA & VA! This is a happy home, but if it is too much color for you the seller will consider repainting.

528 Peabody Sq Unit #528, Memphis

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

1901 Linden Ave, Memphis
$335,000
3 Beds ⋅ 1 Baths ⋅ 10228036 MLS
Great Investment Opportunity in Central Gardens! This well-maintained duplex offers flexibility for investors or owner-occupants who want to live in one unit and rent the other. The spacious upstairs unit features 3 bedrooms, 2 baths, a sunroom, large living room, and laundry room. The downstairs unit offers 3 bedrooms and 1 bath. Both units include a refrigerator, washer, and dryer. Recent improvements include fresh interior paint throughout both units, new carpet in the sunroom and upstairs stairway, and an updated upstairs hall bath. The roof is approximately 1 year old. Additional features include off-street parking in the rear. The property is currently listed in the MLS as both a duplex and a single-family home Live in one unit and rent the other, or add both units to your investment portfolio! ***Additional Opportunity: The owner also has another duplex located at 31 S. Cox available for the same price. If interested in both at the same time, he would sell them for $650,000.

1901 Linden Ave, Memphis

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

1901 Linden Ave, Memphis
$335,000
6 Beds ⋅ 3 Baths ⋅ 10228035 MLS
Great Investment Opportunity in Central Gardens! This well-maintained duplex offers flexibility for investors or owner-occupants who want to live in one unit and rent the other. The spacious upstairs unit features 3 bedrooms, 2 baths, a sunroom, large living room, and laundry room. The downstairs unit offers 3 bedrooms and 1 bath. Both units include a refrigerator, washer, and dryer. Recent improvements include fresh interior paint throughout both units, new carpet in the sunroom and upstairs stairway, and an updated upstairs hall bath. The roof is approximately 1 year old. Additional features include off-street parking in the rear. The property is currently listed in the MLS as both a duplex and a single-family home Live in one unit and rent the other, or add both units to your investment portfolio! ***Additional Opportunity: The owner also has another duplex located at 31 S. Cox available for the same price. If interested in both at the same time, he would sell them for $650,000.

1901 Linden Ave, Memphis

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

1947 Peabody Ave, Memphis
$400,000
4 Beds ⋅ 3 Baths ⋅ 10227109 MLS
Located in the heart of Central Gardens, one of Memphis' most historic and sought-after neighborhoods, this 4BR/3BA home offers the perfect blend of character, flexibility, and location. Whether you're searching for a primary residence or an investment property, this floor plan delivers. The main level features two bedrooms, a dedicated office, and spacious living areas, while upstairs offers two additional bedrooms, including a private primary suite with a beautifully renovated bath and an oversized walk-in closet. Enjoy your morning coffee on the screened porch overlooking the gated backyard, complete with a detached flex building ideal for storage, a workshop, home office, gym, or studio. Just one block from Slider Inn and minutes from Overton Square, Cooper Young, and Downtown Memphis, you'll enjoy some of the city's best dining, entertainment, and neighborhood charm right outside your door.

1947 Peabody Ave, Memphis

Listing courtesy of Marx-Bensdorf, REALTORS.

1605 Vinton Ave, Memphis
$455,000
4 Beds ⋅ 2.1 Baths ⋅ 10227091 MLS
Beautiful Central Gardens home on one of Midtown's most family-friendly streets. Large stone front porch leads to an open floor plan ideal for entertaining! Spacious living room with built-ins flows into the dining room and kitchen with a breakfast bar and gorgeous built-ins. The converted side porch/sunroom makes a perfect office or second living area. All bedrooms are upstairs plus a walk-up third-floor attic for abundant storage or future expansion. Primary suite features double vanity bathroom and walk-in closet. Landscaped backyard with brick patio and wood deck are the perfect setting for outdoor gatherings. 0.4 miles from Grace St. Luke's Episcopal School. Historic charm, timeless comfort and an unbeatable location!

1605 Vinton Ave, Memphis

Listing courtesy of Marx-Bensdorf, REALTORS.

1609 Eastmoreland Ave, Memphis
$374,900
5 Beds ⋅ 3.1 Baths ⋅ 10226501 MLS
Welcome to elegance with this stunning 5-bedroom, 3.5-bath historic home that perfectly blends classic character with modern comfort. Featuring soaring ceilings, beautiful hardwood floors, and an enclosed sunroom, this home offers warmth, charm, and abundant living space. The kitchen and formal dining room are ideal for entertaining family and friends. The versatile third floor, comes complete with a half bath, provides endless possibilities for a media room, home office, guest suite, game room, or additional living space. Previously operated as a successful Airbnb, this property also presents an excellent investment or short-term rental opportunity. Enjoy relaxing or entertaining on the rear deck, and take advantage of the home's prime location just minutes from Downtown Memphis. You'll also love being within walking distance of restaurants, shopping, and local attractions.

1609 Eastmoreland Ave, Memphis

Listing courtesy of ResiAmerica, Inc..

3214 Cowden Ave, Memphis
$289,900
3 Beds ⋅ 1 Baths ⋅ 10225833 MLS
Nestled in the heart of sought-after Joffre, this beautifully maintained cottage blends timeless charm with modern updates. Featuring three spacious bedrooms and a thoughtfully renovated kitchen with a breakfast bar, pantry, and eat-in dining space, this home is designed for both everyday comfort and effortless entertaining. Gorgeous hardwood floors, soaring ceilings, and abundant natural light create a warm, inviting atmosphere throughout the generous living and dining areas. Enjoy relaxing mornings on the welcoming front porch or unwind in the private, fully fenced backyard complete with gated parking and a detached two-car garage. Conveniently located just moments from the Pink Palace Museum, local restaurants, shopping, and Midtown attractions, this move-in-ready gem offers the perfect combination of historic character, modern convenience, and an exceptional location.

3214 Cowden Ave, Memphis

Listing courtesy of Hobson, REALTORS.

3123 Cowden Ave, Memphis
$299,900
2 Beds ⋅ 2.1 Baths ⋅ 10225665 MLS
This rare 2-bed, 2.5-bath cottage is truly move-in ready. A newly installed roof, updated kitchen and bathrooms, airy sunroom, and spacious bedrooms create a welcoming, comfortable feel. The primary bath features a roomy walk-in shower, and the fenced yard offers privacy and outdoor enjoyment—all perfectly situated in the heart of Joffre.

3123 Cowden Ave, Memphis

Listing courtesy of Hobson, REALTORS.

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