Homes in 38141 under $200,000

Ready for your next project? This house needs a little of everything to bring it back to life, but the bones are great. Ideal for investors looking for their next buy and hold. Will make a great investment property. Sellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due

Ryan Flannery Premier Realty Group, LLC

Looking for a fixer upper? This house needs a little of everything to bring it back to life, but the bones and roof are good. Ideal for investors looking for their next buy and hold. Will make a great investment property. Sellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due

Ryan Flannery Premier Realty Group, LLC

Welcome to this well-maintained 2-bedroom, 2.5 bath condo located in the heart of East Memphis. Featuring a desirable split-bedroom floor plan, each bedroom offers its own full bath—perfect for added privacy and flexibility. The spacious living and dining areas provide a comfortable layout for everyday living or entertaining. Enjoy the convenience of a garage and low-maintenance living. Whether

Tanika Bland BEST Real Estate Company

This 1,178-square-foot brick residence in the Brookvalley community features a functional two-bedroom, one-bathroom interior. Authentic hardwood flooring spans the main living areas, complemented by a masonry brick fireplace in the living room. The kitchen is finished with durable tile flooring, while a dedicated hallway closet provides convenient washer and dryer hookups. Built in 1985, the home

Tiffany Jones Trelora Realty

Tenant occupied. Valid lease until 1/28. Rented at $1,445 a month. This is a turnkey income producing rental that has recently been rehab. Pictures are after recent rehab.

Joe King Marathon REALTORS, LLC

Welcome to this charming, newly renovated throughout home located in the desirable Sandy Park community of Memphis. This property features a refreshed interior designed for comfortable, modern living with a functional layout and inviting spaces. Conveniently situated near shopping, dining, schools, and major roadways, it offers both accessibility and neighborhood appeal. Whether you’re a

Michael Nix eXp Realty, LLC

Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38141 area. Cash flowing with a monthly rental amount of $1,500/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

Dean Harris CrestCore Realty MphsBrokerage

Outstanding Investment Opportunity! This charming 2-bedroom, 2-bath brick home is currently leased for $1,150/month and is professionally managed. The lease will expire or renew on April 1, 2026, and the tenant has been in residence since April 2024, consistently making timely payments. The home boasts a spacious den with a cozy fireplace, a kitchen with a breakfast area, and a generous master

Jeremy Veldman KAIZEN Realty, LLC

Perfect for first- time buyers or savvy investors! Located in East Memphis area w/ 3 bedrooms & 2 full baths, a dining area, breakfast area, and a fenced backyard.

Shay Powell Crye-Leike of MS, Inc.

An excellent opportunity for homeownership or expanding your investment portfolio! This well-maintained 2-bedroom, 2 full-bath end-unit townhome qualifies for 100% financing and down payment assistance programs (buyer to verify eligibility). Conveniently located near shopping, restaurants, and entertainment, this property offers versatility as a primary residence or investment. The main level

Patricia Richmond-Young Coldwell Banker Collins-Maury

TENANT OCCUPIED BACK ON MARKET BUYER FINANCING What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a

Tijuana Wallace Keller Williams

Motivated seller offering an occupied, income-producing investment property—currently rented at $1,425/month with an active lease through 9/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4305 Creekbed Cv. listed at $155,000 rented at $1169 and 4529 Country Brook Dr. listed at $150,000 and rented at $1350. Sold AS-IS. Do not disturb tenant. Inspection

James Johnson Crestcore Realty, LLC

Motivated seller offering an occupied, income-producing investment property—currently rented at $1,169/month with lease through 4/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4566 Fawn Hollow Cv. listed at $160,000 and rented at $1425. Sold AS-IS. Do not disturb tenant. Inspection granted with accepted offer. Great opportunity to expand your rental

James Johnson Crestcore Realty, LLC

Check out this 3-bedroom, 2-bath home situated on a corner lot in a quiet neighborhood. The home features a living room with an eat-in kitchen and a large bonus room addition, offering flexible space for a family room, home office, or recreation area. With a functional layout and extra space, this property is a great option for a starter home or buyers looking for room to grow.

Kristie Clark BHHS McLemore & Co. Realty

**Price Correction**Investor Opportunity! Don’t miss this chance to add a new property to your rental portfolio. Whether you're a seasoned investor or just getting started, this property offers solid potential. Tenant occupied, please do not disturb tenant.

Jennifer Moore Fast Track Realty, LLC