Affordable Homes for Sale in Memphis, TN under $154,000

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  /24

  $100,000

  • 3 Beds
  • 1 Bath
  • 948 Sq Ft

  686 Delta Rd, Memphis, TN 38109

  Get up to $25,000 toward your first home! Move in with the City of Memphis' Citywide DPA program! Charming 3-bedroom, 1-bathroom home offering 948 square feet of comfortable living space on a peaceful street. This well-maintained property presents an excellent opportunity for first-time buyers ready to put down roots or savvy investors seeking solid returns. The thoughtfully designed layout

  

  Jordan Ray

  eXp Realty, LLC

  (901) 660-9403

  686 Delta Rd, Memphis, TN 38109
• Explore Memphis

• 

  

  

  /40

  $89,000

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

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115

  Newly Renovated Condo located in East Memphis with 4 Bedrooms , 3 baths with an Office Space. Condo is Huge-almost 2000 sqft. Spacious Property is now rented for $1650 a month, One year lease of March 1st,2026. Property was Purchased in a Tax Sale. Title Insurance is available with a Risk Endorsement Policy through Saddle Creek Title. Seller prefers Cash Sale offers. ****Must Present a Valid

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 902-4249

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115
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  /39

  $67,500

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  1965 Cloverdale Dr, Memphis, TN 38114

  AS IS Sale in a quiet neighborhood and established area. Great property for Investor or Owner Occupant with minor repairs, was just recently rented. Window Units and Appliances stay. NO Heat in place. Property is spacious with 2 bedrooms, 1 bath, Separate Living Room and Dining area, Spacious Kitchen. Seller will entertain all Reasonable Offers. NO Wholesalers and No Creative Financing. CASH

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 669-6791

  1965 Cloverdale Dr, Memphis, TN 38114
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  /13

  $73,000

  • 3 Beds
  • 1 Bath
  • 1,102 Sq Ft

  1347 E Trigg Ave, Memphis, TN 38106

  Affordable move in ready opportunity for owner-occupant or investor. 3BR/1BA home offering 1,102 sq ft with strong rental potential and excellent cash flow at this price point.

  

  Walter Jones

  BEST Real Estate Company

  (901) 698-8827

  1347 E Trigg Ave, Memphis, TN 38106
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  /39

  $138,000

  • 2 Beds
  • 1.5 Baths
  • 1,322 Sq Ft

  6320 Kirby Downs Dr, Memphis, TN 38115

  Check out this Beautifully renovated Corner lot , 2-Bedroom, 1.5 bath, 2 Story home located in the highly sought after East Memphis area. This home features Living Room/ Dinning Room Combo, Eat in Kitchen , brand new appliances and a spacious great room with a cozy fireplace, perfect for entertaining. The laundry area is conveniently located upstairs, adding ease to everyday life and living.

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 657-3868

  6320 Kirby Downs Dr, Memphis, TN 38115
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  /2

  $105,000

  • 3 Beds
  • 2 Baths
  • 1,008 Sq Ft

  1541 Patton St, Memphis, TN 38106

  This home has been renovated and is move in ready! This would make a nice first time buyer home. Three bedrooms and two bathrooms.

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 669-3692

  1541 Patton St, Memphis, TN 38106
• 

  

  /14

  $109,500

  • 4 Beds
  • 2 Baths
  • 1,691 Sq Ft

  2667 Barron Ave, Memphis, TN 38114

  Well priced and move in ready, this 4 bedroom 2 bath home offers central heat and air and 1691 square feet. Ideal entry level opportunity for an owner occupant or an investor. The large partially finished upstairs area provides flexibility for storage or future conversion into additional living space. Recent improvements include a new roof and gutters in March 2024, exterior paint in 2024, fresh

  

  Walter Jones

  BEST Real Estate Company

  (901) 665-3762

  2667 Barron Ave, Memphis, TN 38114
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  /2

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft

  1075 Kney St, Memphis, TN 38107

  This is a a perfect starter home / Investment property. Home has been renovated and is move in ready! 3 bedrooms/1 bathroom

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 582-7113

  1075 Kney St, Memphis, TN 38107
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  /34

  $149,900

  • 1 Bed
  • 1 Bath
  • 831 Sq Ft

  109 N Main St Unit 806, Memphis, TN 38103

  This eighth floor condo offers amazing views of the city. A brand new renovated kitchen, 2026. Plenty of space and hardwood floors. This historic building has a multitude of amenities, including an indoor pool, elevator access, and rooftop lounging with stunning views of the Memphis bridge and the city skyline.

  

  Chasity Blackburn

  Blackburn & Co

  (901) 617-4515

  109 N Main St Unit 806, Memphis, TN 38103
• 

  /2

  $65,000

  • 3 Beds
  • 1 Bath
  • 1,070 Sq Ft

  2938 Conti Cove, Memphis, TN 38127

  A great investment property to rehab. Great location in a quite cove. Make your best offer.

  

  Jo Mathes

  Pinnacle Realty

  (901) 445-7715

  2938 Conti Cove, Memphis, TN 38127
• 

  

  /22

  $140,000

  • 2 Beds
  • 1.5 Baths
  • 1,150 Sq Ft

  1220 Chamberlain Dr Unit 4, Memphis, TN 38119

  Great Condo in East Memphis' Chatham Village, the upstairs flat has 2 bed/ 1.5 bath LR DR outdoor covered patio/deck. Convenient t to St Francis, Regalia Park Place This condo has new paint, new floors, an open kitchen, gated parking, is clean and ready to move in. Community laundry room on site for your use. Private covered patio for outdoor living just off the living room.

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 250-8595

  1220 Chamberlain Dr Unit 4, Memphis, TN 38119
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  /13

  $67,900

  • 2 Beds
  • 1 Bath
  • 672 Sq Ft

  2152 S Hubert Cir, Memphis, TN 38108

  Priced for a quick sale! Check out this renovated 2 bedroom 1 bath home. Large corner lot, with detached storage building. Move in ready. Perfect for an owner occupant or investor.

  

  Walter Jones

  BEST Real Estate Company

  (901) 582-6901

  2152 S Hubert Cir, Memphis, TN 38108
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  /31

  $125,000

  • 2 Beds
  • 2 Baths
  • 959 Sq Ft

  232 S Highland St Unit 905, Memphis, TN 38111

  Remodeled condo! Fantastic location in a sought after building with a 24 hour security guard. A few upgrades include gorgeous plantation blinds, granite kitchen counters, premium soft close shaker style kitchen cabinets, new doors, new paint, a newly remodeled master bathroom and a walk in master bedroom closet. This low maintenance condo complex also offers a work out facility and pool. The

  

  Kendra Bell

  Crye-Leike, Inc., REALTORS

  (901) 979-7384

  232 S Highland St Unit 905, Memphis, TN 38111
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  /17

  $119,000

  • 4 Beds
  • 2 Baths
  • 1,100 Sq Ft

  1448 Menager Rd, Memphis, TN 38106

  This home has been renovated and has lots of space. Directly behind Hamilton High School. This property is great for a family or investor.

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 883-7341

  1448 Menager Rd, Memphis, TN 38106
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  /16

  $109,901

  • 3 Beds
  • 1 Bath
  • 918 Sq Ft

  2877 Brewer Ave, Memphis, TN 38114

  Remodeled Memphis micro-mansion paying rent. Proof good things come in small, profitable packages. Special financing for first time investors available with 20% down, ask broker for details.

  

  Pablo Pereyra

  901, REALTORS

  (901) 716-9604

  2877 Brewer Ave, Memphis, TN 38114
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  /2

  $121,030

  • 3 Beds
  • 1 Bath
  • 1,193 Sq Ft

  3818 Grey Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $750 with a lease expiration of 08/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 673-3019

  3818 Grey Rd, Memphis, TN 38108
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  /2

  $99,750

  • 2 Beds
  • 1 Bath
  • 825 Sq Ft

  3620 S Lloyd Cir, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 716-9291

  3620 S Lloyd Cir, Memphis, TN 38108
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  /17

  $109,900

  • 3 Beds
  • 1 Bath
  • 975 Sq Ft

  3284 Parham St, Memphis, TN 38127

  Welcome home! This awesome Move-in ready property would be great for owner occupants and investors alike. This 3 bed, 1 bath home features fresh paint, beautiful hardwood floors, and updated bathroom and kitchen! The two-car garage is huge and has an additional workshop/storage space. Schedule your viewing today before this one is gone!

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 675-5689

  3284 Parham St, Memphis, TN 38127
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  /2

  $120,400

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4511 Beacon Hill Dr, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 675-6020

  4511 Beacon Hill Dr, Memphis, TN 38127
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  /2

  $8,000

  • Land
  • 0.17 Acre
  • $47,059 per Acre

  267 W Mckellar Ave, Memphis, TN 38109

  Buyer to do their own due diligence. Please drive by the lot and feel free to walk the property. Cash offers only please. No seller financing.

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 669-4025

  267 W Mckellar Ave, Memphis, TN 38109
• 

  

  /19

  $120,000

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

  1100 Rozelle St, Memphis, TN 38106

  Tenant in place at $995 until 12/26/26. This fully renovated 3-bedroom, 1-bathroom home is the perfect addition to your portfolio. With all the heavy lifting already done, this property is ready to generate immediate cash flow or serve as a low-maintenance, long-term hold. Recent updates include brand-new flooring, fresh paint, modern fixtures, a completely updated kitchen with new appliances,

  

  Caleb Hall

  Keller Williams

  (901) 445-8139

  1100 Rozelle St, Memphis, TN 38106
• 

  /2

  $82,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  603 Burlington Cir, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 7/30/25.

  

  Caleb Hall

  Keller Williams

  (901) 665-2674

  603 Burlington Cir, Memphis, TN 38127
• 

  /2

  $115,297

  • 3 Beds
  • 1 Bath
  • 1,267 Sq Ft

  1388 Preston St, Memphis, TN 38106

  This is a nice family home on a corner lot with a large covered porch.

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 479-0734

  1388 Preston St, Memphis, TN 38106
• 

  

  /12

  $125,800

  • 3 Beds
  • 1 Bath
  • 1,063 Sq Ft

  3914 Schoolfield Rd, Memphis, TN 38127

  Completely Renovated & Move-In Ready! Step into modern comfort in this beautifully renovated 3-bedroom, 1-bath home featuring laminate wood flooring throughout and a fully updated kitchen and bath. The kitchen comes equipped with appliances, perfect for first-time buyers or those seeking turnkey convenience. Enjoy peace of mind with brand-new HVAC, roof, plumbing, and electrical...everything has

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 716-8055

  3914 Schoolfield Rd, Memphis, TN 38127
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  /11

  $75,000

  • 2 Beds
  • 2 Baths
  • 1,395 Sq Ft

  2365 Dexter Ave, Memphis, TN 38108

  Check out this awesome value-add investment! This duplex features 1 bed and 1 bath on each side. Neither side has heating or cooling, it was previously provided through heat/cool window units. 2365 is pretty much move-in ready with a few minor items needed and 2367 needs minimal work to be move-in ready. Schedule your viewing today and add this one to your portfolio. No seller financing, no

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 883-7871

  2365 Dexter Ave, Memphis, TN 38108
• 

  /2

  $130,400

  • 4 Beds
  • 1 Bath
  • 858 Sq Ft

  4498 Beacon Hill Cove, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 883-7574

  4498 Beacon Hill Cove, Memphis, TN 38127
• 

  /2

  $152,950

  • 2 Beds
  • 1 Bath
  • 990 Sq Ft

  3126 Crump Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $____ with a lease expiration of ____. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 694-8973

  3126 Crump Ave, Memphis, TN 38112
• 

  

  /3

  $150,000

  • Land

  8607 Geiberger Dr, Memphis, TN 38016

  *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

  

  Anna Thomas

  Keller Williams

  (901) 665-2185

  8607 Geiberger Dr, Memphis, TN 38016
• 

  /2

  $122,360

  • 2 Beds
  • 1 Bath
  • 876 Sq Ft

  3640 Dunn Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 554-4811

  3640 Dunn Ave, Memphis, TN 38111
• 

  

  /14

  $124,500

  • 3 Beds
  • 1 Bath
  • 1,372 Sq Ft

  385 Walker Ave, Memphis, TN 38126

  NEW ROOF, Electrical Panel, Wiring and plumbing ! New Flooring and Interior and Exterior Paint! Huge Windows and craftsman trip showcase this beautiful home located behind an Elementary School. Perfect Brrrr/ Flip Opportunity ! Addition unit boasts an oversize Utility/Laundry room. This is the perfect opportunity for contractor-savvy investors looking to step into an almost completed project.

  

  Allison Brents

  901, REALTORS

  (901) 910-0186

  385 Walker Ave, Memphis, TN 38126
• 

  /2

  $92,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  923 Joel Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 808-8522

  923 Joel Ave, Memphis, TN 38127
• 

  

  /3

  $10,400

  • Land
  • 0.17 Acre
  • $61,176 per Acre

  1743 Eldridge Ave, Memphis, TN 38108

  Prime build-ready lot—freshly demo’d and cleared, utilities nearby, and ready for your next new construction or investment project! Located in a neighborhood surrounded by redevelopment, this site is ideal for builders, developers, or investors seeking a strong ROI. All the groundwork is done—just bring your plans and start building. Perfect opportunity for a custom home, multi-unit build, or

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 657-2513

  1743 Eldridge Ave, Memphis, TN 38108
• 

  /2

  $50,000

  • Land
  • 2.48 Acres
  • $20,161 per Acre

  0 12th Rd, Memphis, TN 38109

  Excellent Opportunity for Home Owner's or Investor's. Prime location for new development. Plumbing & electricity all ready in place. Property had a former home. This is a great build site 2.48 Acres. For showing drive by.

  

  Jo Mathes

  Pinnacle Realty

  (901) 563-3243

  0 12th Rd, Memphis, TN 38109
• 

  /2

  $103,750

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

  1030 Floyd Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $950/mo. Professionally managed. Lease expires on 1/30/26

  

  Caleb Hall

  Keller Williams

  (901) 669-4348

  1030 Floyd Ave, Memphis, TN 38127
• 

  /2

  $109,500

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

  803 Par Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $1,100/mo. Professionally managed. Lease expires on 3/30/26

  

  Caleb Hall

  Keller Williams

  (901) 668-6064

  803 Par Ave, Memphis, TN 38127
• 

  /2

  $86,500

  • 3 Beds
  • 1 Bath
  • 1,400+ Sq Ft

  3643 Early St, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 582-8529

  3643 Early St, Memphis, TN 38127
• 

  /2

  $24,900

  • Land
  • 1.64 Acres
  • $15,183 per Acre

  4087 Weaver Rd, Memphis, TN 38109

  Build your dream home on this beautiful 1.64-acre lot! The property offers plenty of space for your custom home, shop, or pool — with room to breathe and enjoy country living just minutes from town. Utilities available at the road and site is ready for construction. Bring your plans and make this your forever homesite!

  

  Paul Perry

  Crye-Leike of MS

  (901) 295-3633

  4087 Weaver Rd, Memphis, TN 38109
• 

  /2

  $101,080

  • 2 Beds
  • 1 Bath
  • 784 Sq Ft

  4233 Riviera Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-9952

  4233 Riviera Rd, Memphis, TN 38108
• 

  /2

  $129,000

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

  823 Par Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $1,100/mo. Professionally managed. Lease expires on 3/18/26.

  

  Caleb Hall

  Keller Williams

  (901) 621-8434

  823 Par Ave, Memphis, TN 38127
• 

  /2

  $125,000

  • 2 Beds
  • 1 Bath
  • 940 Sq Ft

  724 N Holmes St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 12/31/2026. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 657-6446

  724 N Holmes St, Memphis, TN 38122

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