38111 Homes under $400,000

Welcome to the vibrant and welcoming 38111 zip code in Memphis, Tennessee! Nestled in the heart of Shelby County, this area offers a delightful blend of urban convenience and suburban charm, making it an ideal place for families, young professionals, and retirees alike.

The 38111 zip code is known for its diverse neighborhoods, each with its unique character and appeal. Here, you’ll find a variety of homes under $400,000, perfect for those seeking affordability without sacrificing quality. From charming bungalows to spacious family homes, the real estate options cater to a wide range of tastes and budgets. Imagine settling into a cozy abode with a backyard for summer barbecues or a stylish townhouse close to local amenities—there’s something for everyone!

Living in 38111 means enjoying the best of Memphis. The area is rich in culture and history, with nearby attractions such as the iconic Memphis Zoo and the historic Overton Park. You’ll also find an array of dining options, from classic Southern cuisine to trendy cafes, ensuring there’s always something new to try.

For outdoor enthusiasts, parks and recreational areas are plentiful, providing ample opportunities for hiking, picnicking, and enjoying the beautiful Tennessee weather. Plus, with easy access to major highways, commuting to downtown Memphis or surrounding areas is a breeze.

Discover the charm of 38111, where community spirit thrives, and affordable homes await you! Whether you're starting a new chapter or looking to invest, this vibrant zip code is ready to welcome you home.

Newest 38111 Homes under $400,000

$235,000

3 Beds ⋅ 2 Baths ⋅ 3620891 MLS ⋅ ACTIVE Status ⋅ 0.22 Acres ⋅ 38111 Zip Code

Classic brick bungalow character meets an easy, single-level floor plan in this Memphis Craftsman, welcoming you with a deep covered front porch and a cheerful red front door. Inside, rich hardwood floors flow through a light-filled living room anchored by a fireplace and framed by windows on three sides, opening to a formal dining room. The kitchen pairs crisp white cabinetry with a gas range and stainless appliances, complemented by a separate pantry and laundry room. What was once likely a butler's pantry serves as great location for a dedicated office space. Three bedrooms and two baths include a primary bedroom set at the back of the home, away from the main living spaces. Outside, mature trees shade a private, fenced backyard with a patio and extra storage. Move-in ready, this home blends timeless architectural character with everyday function - convenient to shopping and dining.

491 Alexander St, Memphis

$275,000

3 Beds ⋅ 3 Baths ⋅ 3501492 MLS ⋅ ACTIVE Status ⋅ 0.29 Acres ⋅ 38111 Zip Code

What everyone is looking for. Quality new construction at an affordable price in a solid, central location! Two story,3 bed. 2 1/2 Bath. We are wrapping up the final punch list, hanging the light fixtures and sodding the yard so you can move in while the flowers are still blooming. Make your summer time move to a luxury build with an open, modern floor plan. Too many extras to list. Come on by and take a look for yourself while we are wrapping up. Owner/Agent Will contribute towards closing cost.

3075 Spottswood Ave, Memphis

$279,900

4 Beds ⋅ 3 Baths ⋅ 3602052 MLS ⋅ ACTIVE Status ⋅ 0.22 Acres ⋅ 38111 Zip Code

Welcome home to this beautifully renovated cottage-ranch style gem in the heart of Midtown! Offering 2,400 SF of living space, this 4 bed 3 bath blends timeless charm with a modern style. The main level features two primary suites and two additional guest bedrooms ideal for guests. The spacious sunlit living room with built-in bookshelves, a cozy fireplace, and refinished hardwood floors flows seamlessly into the formal dining room. The kitchen is complete with new cabinetry, quartz countertops, a wet bar, and a separate laundry room with a large pantry. Just off the kitchen, the inviting hearth room features vaulted ceilings, and opens to a private patio perfect for relaxing or entertaining. The 5th bedroom on the second level offers flexibility as a playroom, home office, or creative space. Additional highlights include a new roof, newer furnace and hot water tank, fresh interior and exterior paint, and a new privacy fence. Don’t miss this beauty. Schedule your private tour today.

3189 Highland Park Pl, Memphis

$145,000

3 Beds ⋅ 1 Baths ⋅ 3544346 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 38111 Zip Code

Investment opportunity in the heart of Memphis! This bank-owned property is priced to sell and being sold strictly AS-IS, WHERE-IS. Offering a fantastic footprint and excellent equity potential, this home is a blank canvas ready for your renovations, updates, or a complete flip. Located just minutes from the University of Memphis, local dining, and shopping, it sits in a highly convenient area with strong rental demand and resale values. Perfect for seasoned investors or ambitious cash buyers looking to add to their portfolio. Buyer/buyer’s agent to verify all information, school zones, and square footage. Special addenda and proof of funds or pre-approval required with all offers. Schedule your showing today and bring your vision!

3047 Spottswood Ave, Memphis

$99,901

3 Beds ⋅ 1 Baths ⋅ 3499810 MLS ⋅ ACTIVE Status ⋅ 0.25 Acres ⋅ 38111 Zip Code

Amazing opportunity under 100K. Why rent when you can own? 3 bedroom 1 bath home in then heart of 38111. Equal housing opportunity. Se habla espanol.

4215 Boyce Ave, Memphis

$344,900

5 Beds ⋅ 3 Baths ⋅ 3320985 MLS ⋅ ACTIVE Status ⋅ 0.17 Acres ⋅ 38111 Zip Code

Don't miss this incredible opportunity to own a spacious 5-bedroom, 2.5-bath home in a convenient Memphis location! Minutes from Simmons Bank Liberty Stadium, the University of Memphis, downtown, shopping, dining, and interstate access. This home features a flexible floor plan with 2 bedrooms downstairs and 3 bedrooms upstairs, this home offers plenty of room for a growing family, guests, or rental opportunities. The inviting eat-in kitchen opens to a huge den highlighted by vaulted ceilings, a cozy fireplace, and a wet bar, creating the perfect space for entertaining or relaxing. Step outside to enjoy the private courtyard with a deck, ideal for outdoor gatherings, while the wrought iron gate provides secure access to the backyard and rear carport. Ideal for an owner-occupant, short-term rental, or long-term investment, this AS-IS property requires only minor improvements and is priced to sell quickly. Don't miss this excellent opportunity!

359 S Fenwick Rd, Memphis

$84,900

5 Beds ⋅ 2 Baths ⋅ 3312141 MLS ⋅ ACTIVE Status ⋅ 0.22 Acres ⋅ 38111 Zip Code

This property is being sold AS-IS and presents an excellent opportunity for an investor or owner-occupant looking to renovate and add value. This spacious two-story home features 5 bedrooms, 2 full bathrooms, hardwood floors, a classic brick exterior, a welcoming front porch, and a chain-link fenced yard. Conveniently located just minutes from Simmons Bank Liberty Stadium (Liberty Bowl), less than 2 miles from the University of Memphis, and close to the vibrant Cooper-Young Historic District, the Memphis Zoo, shopping, dining, and entertainment. With its generous floor plan and prime location, this property offers outstanding potential for a primary residence, rental investment, or renovation project.

530 Marianna St, Memphis

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

38111 Homes under $400,000

Newest 38111 Homes under $400,000

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