Homes in 38109 under $200,000

• 

  

  

  /12

  $184,000

  • 4 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  324 E Raines Rd, Memphis, TN 38109

  This beautifully renovated property, updated just two years ago by the previous owner, features stylish hardwood laminate and tile flooring throughout. The expansive layout includes a large, eat-in kitchen perfect for gatherings, a cozy den, and a dedicated dining area. Offering four spacious bedrooms—two on the main level and two upstairs—this home provides the perfect blend of functionality

  

  Melody Martin

  4 Success Realty, LLC

  (901) 621-5314

  324 E Raines Rd, Memphis, TN 38109
• 

  

  

  /32

  $109,700

  • 4 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  3031 Parker Rd, Memphis, TN 38109

  HERE'S A SPACIOUS SINGLE LEVEL WITH 4 BEDROOMS, 1 BATHROOM, DINING ROOM, KITCHEN AND LAUNDRY ROOM. BACK YARD HAS LOTS OF SPACE TO PARK, ENTERTAIN, OR PARK MULTIPLE VEHICLES...GREAT OPPORTUNITY FOR INVESTOR TO MAKE INCOME PRODUCING OR PERFECT FOR AN OWNER OCCUPANT LOOKING FOR SPACE TO GROW. PROPERTY RECENTLY HAD A SOFT REHAB ON THE INTERIOR and EXTERIOR COLUMNS RECENTLY ADDED. ~~HERE'S THE KICKER,

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 445-6420

  3031 Parker Rd, Memphis, TN 38109
• 

  

  

  /5

  $200,000

  • Land
  • 7 Acres
  • $27,624 per Acre

  4921 S Highway 61, Memphis, TN 38109

  This prime 7.24-acre commercial property is ideally located on a busy, high-traffic street, ensuring maximum visibility to a steady stream of potential customers. Your business will be impossible to miss! The land boasts excellent connectivity to major transportation routes and is zoned CMU-3, offering flexible options for a variety of business ventures. The opportunities here are limitless.

  

  Katrina Smith

  Keller Williams

  (901) 660-9587

  4921 S Highway 61, Memphis, TN 38109
• 

  

  

  /10

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  468 Braycliff Ave, Memphis, TN 38109

  Delightful 3-bedroom, 2-bath home offering comfort, functionality, and plenty of potential. Inside, you’ll find a living room perfect for relaxing, a versatile den ideal for a home office or guest space, and a practical kitchen ready for your personal touch. Step outside to a generously sized yard with room for gardening, play, or outdoor gatherings. Priced to sell and being sold as is, this

  Shavona Davis United Real Estate Mid South

  468 Braycliff Ave, Memphis, TN 38109
• 

  

  

  /9

  $139,000

  • 3 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  4622 Applegate Rd, Memphis, TN 38109

  3 Bed and 2 bath specious home in Whitehaven! Home occupied at $1225 through August 2025. AC and roof new in 2021! Home was turnkey in 2021. Do not disturb tenants. Call listing agent for details. Access granted upon accepted contract!

  Andrew Akins CB Properties of Memphis, LLC

  4622 Applegate Rd, Memphis, TN 38109
• 

  

  /11

  $148,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3807 Glenburee St, Memphis, TN 38109

  NEWLY RENOVATED! This home features new flooring thru-out, new kitchen counter tops & cabinets, vent a hood, huge fenced backyard and etc.. This beautiful home is cheaper than rent and will be perfect for a first time homebuyer or perfect for an investor that wants to add to their portfolio. Tenant occupied. Currently paying $1250/mth. Lease ends August 31, 2025.

  Raquel Curry KAIZEN Realty, LLC

  3807 Glenburee St, Memphis, TN 38109
• 

  

  /34

  $134,900

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  327 E Shelby Dr, Memphis, TN 38109

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.  Tenant will move in on 6/17/25. Rent is $1,165 and lease ends on 6/17/2027.

  Dean Harris CrestCore Realty MphsBrokerage

  327 E Shelby Dr, Memphis, TN 38109
• 

  

  /9

  $144,950

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  3585 Millard Rd, Memphis, TN 38109

  Amazing Investment Opportunity! This is a FULLY renovated 3 bedroom 2 bath home with open living area. Updated kitchen, flooring, interior and exterior paint and much more! NEW EVERYTHING! Currently tenant occupied with monthly income of $1415. Simply take a look at the pictures of this project! This is perfect for the next investor to take advantage of a dependable tenant with immediate income!

  Realis Sanders Keller Williams

  3585 Millard Rd, Memphis, TN 38109
• 

  

  /16

  $164,900

  • 3 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  3360 Berea Rd, Memphis, TN 38109

  DO NOT DISTURB TENANTS - OPEN TO HOMEBUYERS AS LEASE ENDS w/in closing period. Fully Renovated with Care, Includes,FLEX Space, BONUS make it your office, homegym, playroom or media room. Turnkey Tenant Occupied Rental. ~ Investor add Immediate cashflow to your portfolio with a Tenant in place at $1450 per month. Huge Laundry / Pantry space, Low Maintenance Brick Exterior, Renovated Tile

  Brittany Vogg 901, REALTORS

  3360 Berea Rd, Memphis, TN 38109
• 

  

  /24

  $149,900

  • 4 Beds
  • 2.5 Baths
  • 2,000+ Sq Ft

  4630 Newton Dr, Memphis, TN 38109

  4 bed 2.5 bath with carport. Property has a living room, den, and mancave. Home is great for entertaining. 3 beds down, 1 up. 2 full bath and 1 half bath. Gas stove in the kitchen. Kitchen is big enough for a breakfast table. All of this on a nice size, fenced in back yard. Property selling as -is. This one is zoned for Candence 100% program.

  Antonio Walton The Home Partners Realty

  4630 Newton Dr, Memphis, TN 38109
• 

  

  /10

  $140,000

  • 3 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  4470 Whitesboro Cove, Memphis, TN 38109

  Bring your buyers to see this great home with good bones and thoughtfully maintained where it matters most. The major updates are already in place with a new roof and HVAC system, both only 2 years old. This home offers more peace of mind with an existing home warranty through September 2025. Whether you're a homeowner looking to personalize your new space or an investor looking for smart

  Clarenda Hurd Keller Williams

  4470 Whitesboro Cove, Memphis, TN 38109
• 

  

  /4

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,800+ Sq Ft

  1056 Walk Rd, Memphis, TN 38109

  Attention Investors. Great Cashflow property located at 1056 Walk Rd., rehabbed in January 2024. Located in a strong rental market. The property offers consistent subsidized income at $1,300 per month. The property is Professionally managed with a long term tenant. Tours will be provided with an accepted offer contingent on inspection.

  Tony Lavelle BHHS McLemore & Co. Realty

  1056 Walk Rd, Memphis, TN 38109
• 

  

  /19

  $135,000

  • 3 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  123 E Fernwood Ave, Memphis, TN 38109

  Beautiful home on a quiet street in South Memphis. Seller would prefer a cash or conventional loan offer. This house was renovated within the last year. Its a 3 bedroom and 1.5 bathroom house. Home has been completely renovated.

  Jabari Bailey The Bailey Company Realty, Inc

  123 E Fernwood Ave, Memphis, TN 38109
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  /2

  $139,900

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
• 

  

  /9

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  331 Honduras Rd, Memphis, TN 38109

  This awesome 3-bedroom home has been renovated and is ready for move-in. This property has a new roof and new HVAC. It is a 3-bedroom 1 bath home with a renovated kitchen and bathroom. The house features hardwood flooring throughout and tile flooring in the kitchen and bathroom.

  Sherita McCray Assured Real Estate Services

  331 Honduras Rd, Memphis, TN 38109
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  /11

  $125,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  518 Jenson Rd, Memphis, TN 38109

  Nestled in the charming White Haven-Coro Lake neighborhood, this beautifully updated single-family home blends mid-century character with modern comforts. Completely refreshed with fresh finishes and stylish updates, it’s ready to welcome its next homeowner. Key Features 3 Bedrooms • 1 Bath Cozy and functional layout, ideal for first-time buyers, downsizers, or as a rental property . Renovated

  Tina Smith PottersHouse Realty, LLC

  518 Jenson Rd, Memphis, TN 38109
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  /5

  $117,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  500 Sullivan Dr, Memphis, TN 38109

  Large 3 Bedroom 1 bath with double garage. This is a lovely oversized 3 bedroom with large eat in kitchen. Great starter home or investor property. Hardwood throughout. Roof and HVAC in great condition. Circle drive. Fenced yard.

  Thomas Blanche Northpoint Asset Management, L

  500 Sullivan Dr, Memphis, TN 38109
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  /12

  $170,000

  • 3 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  194 Golf Club Cir, Memphis, TN 38109

  Beautifully updated 3-bedroom, 1.5-bath home that’s completely move-in or rent ready, featuring modern finishes throughout and a spacious backyard perfect for hosting. Includes a 2-car garage and stylish updates inside and out—don’t miss this turnkey gem!

  Matt Mitchell Reid, REALTORS

  194 Golf Club Cir, Memphis, TN 38109
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  /8

  $120,000

  • 4 Beds
  • 1 Bath
  • 800+ Sq Ft

  4005 Sewanee Rd, Memphis, TN 38109

  This four-bedroom home offers original hardwood floor throughout the main living areas. This home has a traditional and comfortable living space. The home features an updated bathroom and kitchen. Large fenced-in yard, providing a secure and private space perfect for outdoor enjoyment or letting pets roam freely. Large Garage and exterior storage shed in the back yard.

  DonAngela Johnson Crye-Leike, Inc., REALTORS

  4005 Sewanee Rd, Memphis, TN 38109
• 

  

  /4

  $134,000

  • Land
  • 2.10 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!

  Jeff Goff Keller Williams

  4501 S 3rd St, Memphis, TN 38109
• 

  

  /9

  $129,500

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  494 E Raines Rd, Memphis, TN 38109

  Investor Special in Whitehaven for sale! Home recently updated with new flooring, lighting and paint. New HVAC in 2024 and new roof! With our renovations, this will reduce overall maintenance on the home! Home is professionally managed and currently occupied on a two-year lease at $1025 in year one and $1075 in year 2! Lease ends May 2027. Call listing agent for details. Do not disturb

  Andrew Akins CB Properties of Memphis, LLC

  494 E Raines Rd, Memphis, TN 38109
• 

  

  /8

  $112,900

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  4989 Neely Rd, Memphis, TN 38109

  Investment Opportunity to add to your portfolio. Tenant occupied on two-year lease at $985 this year and $1035 next year. Home was updated recently with new LVP in common areas, carpet in bedrooms, updated kitchen with new cabinets and counter tops and updated bathroom! New paint and lighting! Need a Quick Sell? We are always looking for homes to buy. Will take them "as is" without

  Andrew Akins CB Properties of Memphis, LLC

  4989 Neely Rd, Memphis, TN 38109
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  /3

  $170,000

  • 4 Beds
  • 2 Baths
  • 1,000+ Sq Ft

  3193 Winslow Rd, Memphis, TN 38109

  New construction in Memphis! This 4-bedroom, 2-bathroom home features 1,343 sq ft of heated living space with a modern open layout, quality finishes, and energy-efficient design. A great opportunity for investors in a growing neighborhood.

  Jonathan Minerick homecoin.com

  3193 Winslow Rd, Memphis, TN 38109
• 

  

  /12

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  179 Appleton Ave, Memphis, TN 38109

  Charming 3 bedroom, 1 bath affordable starter home. Perfect for investors or buyers looking to customize and add value. Property is being sold AS IS. Don't miss this great opportunity! Call your REALTOR TODAY!!!

  Lisa Davis Rezults Realty LLC

  179 Appleton Ave, Memphis, TN 38109
• 

  

  /27

  $120,000

  • 3 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  858 Eyers Rd, Memphis, TN 38109

  RECENTLY REHABBED & READY TO GO! Painted brick home with 3 bedrooms and 2 bathrooms that is tenant occupied. This is a turnkey investment sale that is currently rented at $850. Professionally managed property (lease, ledger, work order and payment history available upon request). ONLINE VIDEO AVAILABLE UPON REQUEST. Nice floor plan with large kitchen and den plus huge primary bathroom. Seller

  Tyler Tapley Crye-Leike, Inc., REALTORS

  858 Eyers Rd, Memphis, TN 38109
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  /14

  $190,000

  • 3 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  5028 Elton Cove, Memphis, TN 38109

  Charming Move in Ready Home with 3 bedrooms and 2 baths. Spacious living room w/fireplace. Remodeled Bathroom & Kitchen, new light fixtures. Tenant occupied. Tenants are on a month to month payment. Please do not disturb the tenants. Showings by appointment only.

  Vuanita Jones-McArthur BEST Real Estate Company

  5028 Elton Cove, Memphis, TN 38109
• 

  

  /19

  $116,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4264 Double Tree Rd, Memphis, TN 38109

  Perfect for investor or homebuyer . Beautifully renovated 3bed, 1bath gem on a large corner lot, perfect for homebuyers or investors. Step into move in ready living with a bright open layout, updated kitchen, and modern finishes throughout. The oversized yard offers endless potential for entertaining, gardening, or future expansion. Located in a quiet, convenient neighborhood close to schools,

  Cali Neal KAIZEN Realty, LLC

  4264 Double Tree Rd, Memphis, TN 38109
• 

  

  /13

  $100,900

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  5130 Pickett Cove, Memphis, TN 38109

  Affordable investment with reliable cash flow! This tenant-occupied property is leased at $992/month through 04/08/2026. Professionally and locally managed! A solid, low-maintenance addition to your rental portfolio. No showings without an accepted offer.

  James Wachob Foundation Property Management

  5130 Pickett Cove, Memphis, TN 38109
• 

  

  /19

  $119,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  559 Hemsley Ave, Memphis, TN 38109

  Wonderful 3 bedroom 1 bathroom home with covered parking being offered at a great price. Home is in MOVE-IN CONDITION and has been well maintained. Tons of updates and special features including luxury vinyl plank flooring, new interior paint, updated kitchen and bathroom, plus gas cooking, etc. Seller open to helping with closing costs, providing a home warranty, and purchasing a brand new

  Tyler Tapley Crye-Leike, Inc., REALTORS

  559 Hemsley Ave, Memphis, TN 38109
• 

  

  /23

  $179,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  519 Dreger Ave, Memphis, TN 38109

  Charming One-Level Living in Whitehaven! Discover this well-maintained 3-bedroom, 2-bath home in the Whitehaven area. This single-level residence offers spacious living with a welcoming great room featuring a cozy fireplace. The traditional eat-in kitchen is ideal for casual dining, and hardwood floors add warmth and character throughout. Enjoy a nice-sized lot with a generous backyard and a

  Samiha Alward Keller Williams

  519 Dreger Ave, Memphis, TN 38109
• 

  

  /13

  $125,000

  • 2 Beds
  • 1 Bath
  • 1,641 Sq Ft

  33 E Fernwood Ave, Memphis, TN 38109

  Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in

  Tyler Tapley Crye-Leike, Inc., REALTORS

  33 E Fernwood Ave, Memphis, TN 38109
• 

  

  /13

  $116,500

  • 6 Beds
  • 1,330 Sq Ft

  228 Kirk Ave, Memphis, TN 38109

  Beautifully updated duplex offering 4 bedrooms and 2 bathrooms across a total of 1,325 sqft. Located just a short 3-minute drive from McKellar Lake, this property combines convenience with charm. Each side has been thoughtfully renovated with brand new vinyl flooring, modern tile work, and fully updated bathrooms. Fresh paint inside and out enhances its curb appeal, while new windows provide

  Kevin Gioia Beycome Brokerage Realty LLC

  228 Kirk Ave, Memphis, TN 38109
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  /10

  $115,000

  • 4 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  566 Hewlett Rd, Memphis, TN 38109

  Looking to invest in Real Estate with a positive cash flowing investment property? Stop scrolling and look. New homes are being constructed nearby. Growth in the area, and a great place to own an investment home. Home is Tenant Occupied at $950/month. Lease is good through December 2025. Washer and Dryer connections are included in the home. Very low to No maintenance! Start cash flowing with a

  Petra Walker KAIZEN Realty, LLC

  566 Hewlett Rd, Memphis, TN 38109
• 

  

  /19

  $189,000

  • 4 Beds
  • 2 Baths
  • 1,350 Sq Ft

  327 Mcfarland Dr, Memphis, TN 38109

  This stylishly renovated 4 bed, 2 bath home is full of charm and modern touches—LVP flooring, recessed lighting, stainless appliances, designer tile, and a spacious laundry/utility room. The built-in breakfast bar flows into the dining and living space, and the fenced backyard offers the perfect mix of sun and shade.Tucked in a quiet cove in historic Whitehaven—close to schools, shopping, and

  Melody Mitchell Trust Realty Group

  327 Mcfarland Dr, Memphis, TN 38109
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  /6

  $188,000

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  1783 Bismark St, Memphis, TN 38109

  Modern elegance meets affordable luxury in this architectural gem with soaring ceilings, glass stair railings, and designer finishes. The inimitable master suite features a wine & coffee bar and opens to a resort-style swim-out pool. Enjoy a gourmet kitchen with custom cabinetry, high-end appliances, and a bold statement island, while sunlit living spaces and rich textures create a warm,

  Ralph Harvey List With Freedom.Com, Inc.

  1783 Bismark St, Memphis, TN 38109
• 

  

  /10

  $117,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1010 Leacrest Ave, Memphis, TN 38109

  RENTED $1200 per month $1057 MHA, Appraised for $126,000 4/15/2025. Home completely remodeled: new roof, Exterior paint, Hot Water Heater, HVAC condenser and coil. New Fence. New interior Flooring, paint, bathroom and Kitchen. Lease in Documents. Do not miss out on this one!

  Brett Bernard The Stamps Real Estate Company

  1010 Leacrest Ave, Memphis, TN 38109
• 

  

  /19

  $132,000

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  36 W Emory Rd, Memphis, TN 38109

  This beautifully renovated 3-bedroom, 1.5-bathroom home offers modern comfort and style throughout. The brand-new roof and HVAC system ensure peace of mind for years to come. Inside, the open-concept living spaces are enhanced with fresh laminate wood flooring, creating a warm and inviting atmosphere. The remodeled kitchen is a true highlight, featuring sleek quartz countertops, new cabinetry.

  DeAnna Lee C21 Patterson & Assoc. Real Es

  36 W Emory Rd, Memphis, TN 38109
• 

  

  /11

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  10 W Mitchell Rd, Memphis, TN 38109

  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 for details.

  10 W Mitchell Rd, Memphis, TN 38109
• 

  

  /5

  $149,999

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  4710 Hillbrook Rd, Memphis, TN 38109

  Looking for an affordable home in Memphis? Don’t miss 4710 Hillbrook — a fully renovated 3 bed, 2 bath gem under 1,200 sq ft. Perfect for a first-time homebuyer, this charming traditional home includes a new roof, modern updates, a spacious backyard, and a built-in alarm system. With plenty of closet space and an updated primary bathroom, you’ll enjoy comfort and style at an incredible value.

  Rasheedah Jones Dreamteam Realty Co

  4710 Hillbrook Rd, Memphis, TN 38109
• 

  

  /8

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  4335 Ford Rd, Memphis, TN 38109

  Come and check out this beautiful brick home! It’s a 3 bed 1 bath home With updates throughout. It has new flooring, fresh new look in the bathroom with new tile surround and a brand new roof. Come check this one out for yourself and be impressed! This home qualifies for 100% financing and closing costs assistance. This could be a low move-in cost option!

  Michelle Hayes Thomas Hayes Homes and Realty, Inc

  4335 Ford Rd, Memphis, TN 38109

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