Homes in 38109 under $200,000

• 

  

  

  /13

  $155,000

  • 3 Beds
  • 1 Bath
  • 848 Sq Ft

  3534 Rochester Rd, Memphis, TN 38109

  Move-In Ready & Full of Updates! Check out this beautifully maintained 3-bedroom, 1-bath home in immaculate condition! This home features brand-new flooring throughout, an updated bathroom with a stylish tile shower, new tub, and new toilet. You’ll also love the new countertops, updated light fixtures, and fresh paint that give the home a clean, modern feel. Step outside to enjoy a huge

  Kizzy Neder Lawrence Johnson, REALTORS

  3534 Rochester Rd, Memphis, TN 38109
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• 

  

  

  /6

  $130,000

  • Land
  • 2.08 Acres
  • $62,500 per Acre

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109

  Build Your Dream Home on 2.08 Acres of Pure Possibility! Tucked away is this 2.08-acre lot offering the perfect canvas to bring your vision to life. Whether you're dreaming of a custom estate, a charming farmhouse, or a modern retreat, this spacious parcel provides room to spread out and breathe. Enjoy the privacy of a large lot with plenty of space for a garden, workshop, or outdoor living

  Melissa Blume Thompson eXp Realty

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109
• 

  

  

  /30

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,539 Sq Ft

  134 W Holmes Rd, Memphis, TN 38109

  Move-in ready 3BR/2BA Whitehaven ranch! Single-story layout with spacious living, dining, and den/great room. Kitchen with functional space for everyday living. All bedrooms on main level. 2-car garage, 0.33-acre lot, and prime location near schools, shopping, and major routes. Affordable, convenient, and full of potential—don’t miss it!

  Tiffany Jones Trelora Realty

  134 W Holmes Rd, Memphis, TN 38109
• 

  

  

  /4

  $199,000

  • Land
  • 2.06 Acres
  • $96,602 per Acre

  129 W Brooks Rd, Memphis, TN 38109

  PRIME DEVELOPMENT OPPORTUNITY! This corner lot includes three adjacent parcels being sold together, offering a total of approximately 2.06 acres. Currently zoned R-6 Residential, these lots present an exceptional opportunity for consolidation and possible rezoning to commercial use. Located on a visible corner with high traffic and excellent access, this property is ideal for a variety of

  Ali Nawaz KAIZEN Realty, LLC

  129 W Brooks Rd, Memphis, TN 38109
• 

  

  

  /26

  $159,000

  • 3 Beds
  • 1 Bath
  • 1,403 Sq Ft

  322 Sullivan Dr, Memphis, TN 38109

  Investor special with endless potential! This 3 bedroom, 1 bath home is a true blank canvas ready for a full renovation. Whether you’re looking to add to your rental portfolio or take on your next flip project, this property offers the perfect opportunity to bring your vision to life. Situated on a large lot with a spacious backyard, there’s plenty of room to create value and maximize returns.

  Samantha Ward Fast Track Realty, LLC

  322 Sullivan Dr, Memphis, TN 38109
• 

  

  /11

  $118,000

  • 4 Beds
  • 1.5 Baths
  • 1,481 Sq Ft

  556 Melton Ave, Memphis, TN 38109

  Welcome to 556 Melton Avenue, a spacious 4-bedroom, 1.5-bath home offering comfort and functionality. The property features hardwood and tile flooring throughout, central heat and air with climate control, and window coverings. The kitchen includes a vent hood with space for appliances, and the home also offers a fenced yard for outdoor enjoyment. Don’t miss out! TENANTED PROPERTY: DO NOT

  James Wachob Foundation Property Management

  556 Melton Ave, Memphis, TN 38109
• 

  /2

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,100 Sq Ft

  416 Carbon Cove, Memphis, TN 38109

  Low maintenance brick home with newer roof, fenced yard in a cove. Tenant occupied...DO NOT disturb tenant. Under lease until August 2027. Inspections will be scheduled once a contract is in place. No wholesalers/assignments. Professionally managed by Reedy & Company.

  Weesie Percer Keller Williams

  416 Carbon Cove, Memphis, TN 38109
• 

  

  /3

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,635 Sq Ft

  1170 Shadowline Dr, Memphis, TN 38109

  Great opportunity to add to your investment portfolio. This low-maintenance brick 4 bedroom, 2 bath home is tenant occupied and professionally managed. Current tenant has been in place since February 2018 at $1,250/month with a security deposit of $895. Lease is in place through February 28, 2027. Property is being sold as-is with tenant in place. Showings will be scheduled after an accepted

  Camela Henke Enterprise, REALTORS

  1170 Shadowline Dr, Memphis, TN 38109
• 

  

  /32

  $114,900

  • 4 Beds
  • 1.5 Baths
  • 1,269 Sq Ft

  4504 Neely Rd, Memphis, TN 38109

  Charming 1,269 sq ft ranch in Whitehaven featuring 4 bedrooms and 1.5 baths. This functional layout includes a separate living and dining area, central HVAC, and an attached carport. Conveniently located near I-55 for easy commuting. Perfect for investors or first-time buyers seeking a move-in-ready property!

  Tiffany Jones Trelora Realty

  4504 Neely Rd, Memphis, TN 38109
• 

  

  /7

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,126 Sq Ft

  3447 Cook Rd, Memphis, TN 38109

  Fully renovated home in South Memphis near Downtown and the Airport. Ideal for an investor looking to add a cash-flowing, low-maintenance investment property to their portfolio. Call the listing agent for more information.

  Bradley Puckett CB Properties of Memphis, LLC

  3447 Cook Rd, Memphis, TN 38109
• 

  /2

  $124,900

  • 3 Beds
  • 1 Bath
  • 1,070 Sq Ft

  4844 Newton Dr, Memphis, TN 38109

  Welcome to 4844 Newton, a solid 3 bedroom, 1 bath investment property with a long-term, reliable tenant already in place and wishing to remain after the sale. Currently rented at $1,150/month, this home delivers immediate cash flow with minimal interruption. A perfect fit for investors seeking stable income in a strong rental market. Serious inquiries only. Proof of funds required for all

  Jessica Wright Key Connect Group, LLC

  4844 Newton Dr, Memphis, TN 38109
• 

  

  /9

  $135,000

  • 4 Beds
  • 4 Baths
  • 1,922 Sq Ft

  518 Harahan Rd, Memphis, TN 38109

  Terrific opportunity to own an updated and cash flowing duplex! This professionally managed DUPLEX is currently rented for a combined rent of $1745/mo! Featuring a low maintenance brick exterior, updated flooring, new bathrooms, mini-splits, roof upgrades, new plumbing, upgraded electrical, new cabinets, new fixtures and so much more this would be an excellent addition to your rental portfolio!

  William Haynes Crye-Leike, Inc., REALTORS

  518 Harahan Rd, Memphis, TN 38109
• 

  

  /15

  $129,900

  • 2 Beds
  • 1 Bath
  • 999 Sq Ft

  745 Harahan Rd, Memphis, TN 38109

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  745 Harahan Rd, Memphis, TN 38109
• 

  

  /19

  $193,000

  • 3 Beds
  • 2 Baths
  • 819 Sq Ft

  366 Washburn Dr, Memphis, TN 38109

  Newly built, charming and move-in ready! This well-maintained home offers comfortable living with spacious bedrooms, an inviting living area, and a functional floor plan. The kitchen provides ample cabinet space and flows perfectly for everyday living or entertaining. Large backyard with plenty of room for outdoor gatherings or future enhancements. Conveniently located near schools, shopping, and

  Tanquilla Wherry Crye-Leike, Inc., REALTORS

  366 Washburn Dr, Memphis, TN 38109
• 

  

  /11

  $127,900

  • 3 Beds
  • 2 Baths
  • 1,486 Sq Ft

  10 W Mitchell Rd, Memphis, TN 38109

  Price Improvement! Looking for all investors who want to add to their portfolio! Charming three bedroom and two bath for sale in Whitehaven near Downtown that is tenant occupied. Home rents for $1195 currently and increases in October to $1245! Lease ends in October 2026. Home is professionally managed, and tenant is current. Roof is new, AC 2021, Furnace and HWH 2023. Please call listing agent

  Andrew Akins CB Properties of Memphis, LLC

  10 W Mitchell Rd, Memphis, TN 38109
• 

  

  /14

  $134,900

  • 4 Beds
  • 1.5 Baths
  • 1,118 Sq Ft

  4780 Hillbrook Rd, Memphis, TN 38109

  Great investment opportunity! This CASHFLOW has been renovated. Current rent = $1195 and professional property management is in place! This brick home features hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

  Danielle Marcone Compass RE

  4780 Hillbrook Rd, Memphis, TN 38109
• 

  

  /14

  $109,900

  • 3 Beds
  • 1 Bath
  • 913 Sq Ft

  4374 Ford Rd, Memphis, TN 38109

  *Last contract failed due to no fault of seller* Neat as a pin. Offers 3 bedrooms, 1 bath, separate living room & eat in kitchen. The interior has mostly laminate flooring & carpet in one bedroom. The exterior is brick & vinyl siding. Also has a 1 car attached carport. Must see! NO BLIND OFFERS!!!

  Jimmie Hopson Crye-Leike, Inc., REALTORS

  4374 Ford Rd, Memphis, TN 38109
• 

  

  /17

  $109,000

  • 3 Beds
  • 1 Bath
  • 1,039 Sq Ft

  1503 Swift St, Memphis, TN 38109

  MOTIVATED SELLER! Perfect for first-time buyers or empty nesters This gorgeous, renovated home is located within a ten-minute drive of downtown Memphis and West Memphis. This home offers new flooring throughout. The interior & exterior have been newly painted, and it features new cabinets, interior & exterior lighting, ceiling fans, and windows. The Seller will convert the shower to a bathtub at

  KaTrina Kelly-Isom 4 Success Realty, LLC

  1503 Swift St, Memphis, TN 38109
• 

  

  /31

  $109,900

  • 5 Beds
  • 1.5 Baths
  • 1,771 Sq Ft

  4314 Ford Rd, Memphis, TN 38109

  This 5-bedroom, 1.5-bath home features an eat-in kitchen and a bright living area. All rooms provide flexible layouts with ample natural light. The home includes a carport for covered parking and a large corner lot with space for landscaping or outdoor activities. Interiors have been updated, while the practical layout ensures functional flow throughout. Located near major roads and neighborhood

  Alexis Martz Trelora Realty

  4314 Ford Rd, Memphis, TN 38109
• 

  

  /4

  $134,000

  • Land
  • 2.1 Acres
  • $63,810 per Acre

  4501 S 3rd St, Memphis, TN 38109

  Over 2 acres available in a prime commercial location. This is the perfect location to build your new commercial building. Perfect for an existing or future business! Can be sold together with MLS #'s 10199306,10199303,10199305,10199299

  Jeff Goff Keller Williams

  4501 S 3rd St, Memphis, TN 38109
• 

  

  /5

  $129,900

  • 3 Beds
  • 1 Bath
  • 1,045 Sq Ft

  5061 Stacey Rd, Memphis, TN 38109

  TENANT-OCCUPIED INVESTMENT PROPERTY! Charming 3BR/1BA home generating $1,095/month with a recently renewed lease through 2/28/2027. Situated on a quiet street, the property features a functional, low-maintenance layout ideal for long-term tenancy. Professionally managed, truly turnkey income. Maintenance report and tenant ledger available upon request. Please do not disturb tenant.

  Jeremy Veldman KAIZEN Realty, LLC

  5061 Stacey Rd, Memphis, TN 38109
• 

  

  /8

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,559 Sq Ft

  4628 Windward Dr, Memphis, TN 38109

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4628 Windward Dr, Memphis, TN 38109
• 

  

  /22

  $110,000

  • 3 Beds
  • 2 Baths
  • 1,072 Sq Ft

  1662 Monsarrat St, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied property being marketed to investors. This home could be a wonderful addition to your portfolio. Home was substantially renovated in 2022 with a new HVAC system and several other upgrades in Spring 2025 and is currently rented at $1075 per month. This property is professionally managed (lease, ledger, repair history available upon request). Very good price for a 3

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1662 Monsarrat St, Memphis, TN 38109
• 

  /2

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,423 Sq Ft

  125 E Mckellar Ave, Memphis, TN 38109

  Excellent investment opportunity in Memphis, TN featuring three single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy, offering

  Bridget Jordan Epique Realty

  125 E Mckellar Ave, Memphis, TN 38109
• 

  

  /13

  $127,900

  • 3 Beds
  • 1 Bath
  • 1,005 Sq Ft

  5071 Neely Rd, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $995 per month and is on a lease from 08/04/2025 - 08/03/2026. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

  Alex Evans Reedy & Company, REALTORS

  5071 Neely Rd, Memphis, TN 38109
• 

  /2

  $110,000

  • 3 Beds
  • 1 Bath
  • 995 Sq Ft

  5163 Pickett Cove, Memphis, TN 38109

  1% CASH FLOW- RENT $995.00.- 3 BR 1 Bath home Rehabbed in late 2024- New roof, exterior paint, new floors, bathrooms, and kitchen, LVT and tile flooring, new condenser, new furnace, hot water heater, lighting, and fixtures. No owner finance or wholesalers. Inspection with accepted offer- DO NOT DISTURB TENANTS-

  Brett Bernard The Stamps Real Estate Company

  5163 Pickett Cove, Memphis, TN 38109
• 

  

  /39

  $129,000

  • 2 Beds
  • 2 Baths
  • 1,278 Sq Ft

  417 Charter Ave, Memphis, TN 38109

  This is a must see. This home has been very cozy well maintained. It was previously a three-bedroom home. However, two of the bedrooms were combined into one very, very large primary bedroom. There is an additional small outbuilding behind this home that can be used as a man cave or she shed. And there's more. A large storage shed in the very back. This neighborhood is nice and quiet, and near

  Darnell McCurdy Crye-Leike, Inc., REALTORS

  417 Charter Ave, Memphis, TN 38109
• 

  

  /17

  $129,500

  • 3 Beds
  • 9,800 Sq Ft

  564 W Peebles Rd, Memphis, TN 38109

  Unique 2-for-1 Opportunity – Renovated Home + Rental Unit! Don’t miss this rare chance to own two homes on one lot! The front property is a beautifully renovated 2BR/1BA featuring an updated kitchen and bath, central heat & air, low-maintenance brick exterior, and a charming front porch to enjoy. Behind it sits a separate 1BR/1BA home currently occupied on a month-to-month lease at $500/month,

  Caleb Parr Renshaw Company, REALTORS

  564 W Peebles Rd, Memphis, TN 38109
• 

  

  /9

  $110,000

  • 3 Beds
  • 1 Bath
  • 810 Sq Ft

  3509 Brantley Rd, Memphis, TN 38109

  Calling on all investors looking to add to their portfolio with little to no maintenance needed. Home was recently vacated and repairs have been done and waiting on its next tenant! Kitchen updates with counter tops, LVP throughout, updated bath, washer and dryer connection and fenced in yard. HVAC 2024, HWH 2021 and roof less than 3 years old! Rent range is $925 to $950. Call listing agent for

  Andrew Akins CB Properties of Memphis, LLC

  3509 Brantley Rd, Memphis, TN 38109
• 

  

  /13

  $115,000

  • 3 Beds
  • 2.5 Baths
  • 1,462 Sq Ft

  179 Honduras Dr, Memphis, TN 38109

  WOW! $30,000 PRICE REDUCTION! Welcome to your future haven in the heart of Whitehaven, Memphis! This delightful 3-bedroom, 2.5-bathroom home offers an inviting escape for modern living. With 1,462 square feet of thoughtfully designed space above ground, plus a versatile basement waiting for your personal touch, this residence perfectly blends comfort and potential.

  Corey Seymore Crye-Leike, Inc., REALTORS

  179 Honduras Dr, Memphis, TN 38109
• 

  

  /3

  $110,000

  • 4 Beds
  • 1.5 Baths
  • 1,068 Sq Ft

  4897 Southaven Rd, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied 4 bed 1 bath home. Currently rented at $1000/mo. This could be a great addition to your rental portfolio. Professionally managed by Mid South Home Rentals. Seller also selling 396 W. Holmes, 356 Delta, 3461 Dagget, 693 Bonwood, and 4897 Southaven (Can buy in bulk or individually). No sign in the yard. Please do not disturb or approach the tenant. No Creative Or

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4897 Southaven Rd, Memphis, TN 38109
• 

  

  /8

  $112,000

  • 3 Beds
  • 1 Bath
  • 911 Sq Ft

  3509 W Horn Lake Rd, Memphis, TN 38109

  GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom brick home is rented for $910/month to a stable, long-term tenant who just renewed their lease until the end of 2026! Totally renovated in August 2022 including brand new roof, AC condenser, furnace, A-coil and water heater. Another great addition to your investment portfolio! Professionally managed, do not disturb tenant. Tenant ledger and

  Jeremy Veldman KAIZEN Realty, LLC

  3509 W Horn Lake Rd, Memphis, TN 38109
• 

  

  /13

  $110,000

  • 4 Beds
  • 1 Bath
  • 1,495 Sq Ft

  693 Bonwood Ave, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied 4 bed 1 bath home. Currently rented at $975/mo. This could be a great addition to your rental portfolio. Seller also selling 396 W. Holmes, 356 Delta, 3461 Dagget, 693 Bonwood, and 4897 Southaven (Can buy in bulk or individually). No sign in the yard. Please do not disturb or approach the tenant. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  693 Bonwood Ave, Memphis, TN 38109
• 

  

  /22

  $125,000 Coming Soon

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  179 Ivan Rd, Memphis, TN 38109

  Charming 3BR, 1BA home perfectly located near shopping, dining, and quick expressway access! Enjoy a spacious fenced backyard—ideal for kids, pets, or weekend BBQs. Whether you're a first-time buyer or investor, this cozy gem is a smart move!

  larrian currie One Stop Global Realty

  179 Ivan Rd, Memphis, TN 38109
• 

  

  /12

  $105,000

  • 3 Beds
  • 1.5 Baths
  • 1,208 Sq Ft

  386 Elder Rd, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied 3 bed 1.5 bath home. Currently rented at $1498/mo. This could be a great addition to your rental portfolio. Seller also selling 1902 Farrington, and 905 Annie. Can buy in bulk or individually. No sign in the yard. Please do not disturb or approach the tenant. No Creative or Owner Financed Offers. No Wholesale or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  386 Elder Rd, Memphis, TN 38109
• 

  

  /29

  $160,000

  • 4 Beds
  • 1 Bath
  • 1,600 Sq Ft

  3054 Lotus Rd, Memphis, TN 38109

  Completely renovated from top to bottom, this like-new, move-in ready 4-bedroom, 1-bath home showcases quality updates throughout, including a new roof, plumbing, HVAC, windows, and water heater. Enjoy durable laminate wood flooring, fresh designer paint, and a bright open-concept layout perfect for everyday living and entertaining. The spacious, fully fenced yard offers plenty of room to enjoy

  Patricia Padial KAIZEN Realty, LLC

  3054 Lotus Rd, Memphis, TN 38109
• 

  

  /12

  $107,000

  • 3 Beds
  • 1 Bath
  • 816 Sq Ft

  396 W Holmes Rd, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied 3 bed 1 bath home. This could be a great addition to your rental portfolio. Seller also selling 396 W. Holmes, 356 Delta, 3461 Dagget, 693 Bonwood, and 4897 Southaven (Can buy in bulk or individually). No sign in the yard. Please do not disturb or approach the tenant. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  396 W Holmes Rd, Memphis, TN 38109
• 

  

  /13

  $159,900 New Construction

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  4231 Wanatah St, Memphis, TN 38109

  This is the second in a series of six coming to the market this year. Features 3 bedrooms, 2 baths, laminate flooring, tile bathrooms, ceiling fans, Central HVAC, recessed lighting, and neutral colors on the interior. Show and Sell today. Underwritten Commitment Letter and $1000 EM to be provided with all offers.

  Daryl Lewis Infinity Group REALTORS, Inc.

  4231 Wanatah St, Memphis, TN 38109
• 

  

  /30

  $125,000

  • 2 Beds
  • 1 Bath
  • 908 Sq Ft

  476 Jenson Rd, Memphis, TN 38109

  Welcome to 476 Jenson in Memphis—a warm and inviting home that blends comfort, functionality, and charm. This well-maintained property features a thoughtfully designed layout with spacious living areas, perfect for both relaxing evenings and entertaining guests. The home offers a bright and welcoming living room, complemented by beautiful flooring and abundant natural light. The kitchen provides

  Jay McMiller Bespoke Realty

  476 Jenson Rd, Memphis, TN 38109
• 

  

  /26

  $189,900

  • Land
  • 27.73 Acres
  • $6,848 per Acre

  0 Horn Lake Rd Unit 10654788, Memphis, TN 38109

  Memphis, TN, Shelby Co., 27 +/- acres, $189,900! Beautiful wooded acreage on Horne Lake Road! Preserved by a conservation easement! Perfect natural estate to build your dream home! Call or email Mike Newsome for details.

  Mike Newsome U S Land & Farms, LLC

  

  0 Horn Lake Rd Unit 10654788, Memphis, TN 38109

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