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

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  /16

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,114 Sq Ft

  3213 Ridgemont Ave, Memphis, TN 38128

  Turnkey-ready, fully modernized, and loaded with upgrades—this charming 3BR/2BA home is truly move-in ready and perfect for first-time buyers, growing families, or investors! Step inside to a functional layout with spacious rooms, inviting living and dining areas, and beautiful flooring throughout. The updated kitchen offers plenty of storage and counter space, plus ALL appliances convey,

  

  Katrina Smith

  Keller Williams

  (901) 599-2867

  3213 Ridgemont Ave, Memphis, TN 38128
• Explore Memphis

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  /30

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,434 Sq Ft

  980 N Circle Rd, Memphis, TN 38127

  Charming One-Level Brick Home in Cedarwood Subdivision!Welcome to this well-maintained 3-bedroom, 1-bath home nestled in the quiet Cedarwood neighborhood of Northaven. Freshly painted throughout and move-in ready, this home offers the ease of single-level living with a spacious, functional layout.Enjoy two separate living areas—perfect for entertaining or relaxing—and a dedicated

  

  Amy McLemore

  Total Realty Source

  (901) 582-5761

  980 N Circle Rd, Memphis, TN 38127
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  /10

  $125,000

  • 3 Beds
  • 1.5 Baths
  • 1,421 Sq Ft

  3279 Hanna Dr, Memphis, TN 38128

  This 3-bedroom, 1.5-bath home features a functional layout with comfortable living space throughout. The property offers a spacious living area, generously sized bedrooms, and a convenient half bath for guests. With solid bones and room for updates, this home presents a great opportunity to add value and make it your own. Conveniently located near schools, shopping, and major roadways for easy

  

  Michael Tally

  Tally Real Estate Group, LLC

  (901) 698-6950

  3279 Hanna Dr, Memphis, TN 38128
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  /13

  $99,000

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  3215 University St, Memphis, TN 38127

  Welcome to your future favorite home, or investment property. This beautifully updated two-bedroom, one-bath home blends modern finishes with fresh upgrades, all nestled in a friendly Memphis neighborhood. With two comfy bedrooms and modern bathroom elegantly renovated with a clean, contemporary feel. Light-filled living spaces that feel cozy but current ideal for relaxing, working, or hosting. A

  

  Vivian Denogean

  Fast Track Realty, LLC

  (901) 673-7739

  3215 University St, Memphis, TN 38127
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  /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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  /21

  $120,000

  • 3 Beds
  • 1.5 Baths
  • 1,064 Sq Ft

  5387 Cedar Bluff Dr, Memphis, TN 38127

  Welcome to this move-in ready 3-bedroom, 1.5 bath home priced to sell. Enjoy a bright, practical floor plan and a large backyard ieeal for gatherings or pets. An affordable option that delivers both indoor comfort and outdoor space-don't miss this one!

  

  Randell Richmond

  eXp Realty, LLC

  (901) 657-6838

  5387 Cedar Bluff Dr, Memphis, TN 38127
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  /24

  $110,000

  • 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
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  /31

  $129,500

  • 2 Beds
  • 2 Baths
  • 959 Sq Ft

  232 S Highland St Unit 905, Memphis, TN 38111

  Immaculate and with top tier amenities! 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

  

  Kendra Bell

  Crye-Leike, Inc., REALTORS

  (901) 669-6429

  232 S Highland St Unit 905, Memphis, TN 38111
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  /40

  $103,000

  • 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 was previously rented for $1650 a month. 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 Proof of Funds*** Sorry No

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 902-4249

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

  $124,900

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

  3159 Overton Crossing St, Memphis, TN 38127

  Welcome to 3159 Overton Crossing Street — a spacious 3-bedroom, 1-bath home in Memphis. This property features a functional floor plan with a bright living area, an eat-in kitchen, and generous bedroom sizes. The large backyard offers plenty of space for outdoor enjoyment or future landscaping. Recent updates include fresh paint and flooring, giving the home a move-in ready feel while still

  

  Paul Hearn

  eXp Realty

  (901) 445-6776

  3159 Overton Crossing St, Memphis, TN 38127
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  /39

  $75,000

  • 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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  /26

  $69,900

  • 1 Bed
  • 1 Bath
  • 992 Sq Ft

  3080 Walnut Grove Rd Unit 205, Memphis, TN 38111

  Enjoy low-maintenance living at the Commadore off Walnut Grove! This 1 bedroom personal getaway comes with a walk-in closet, a private patio, and washer/dryer connections. It is just a short distance from Overton Park, the University of Memphis, the VA Medical Center and easy commute to Baptist Medical and Christian Brother. Gated and assigned parking, community pool, and landscaped patio.

  

  Amanda Lester

  NextHome Cornerstone Realty

  (901) 582-8357

  3080 Walnut Grove Rd Unit 205, Memphis, TN 38111
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  /5

  $139,000

  • 3 Beds
  • 1 Bath
  • 1,448 Sq Ft

  884 Kensington Place, Memphis, TN 38107

  Welcome to 884 Kensington Place, a Tudor-inspired 1930s charmer in the heart of the beloved Vollintine Evergreen community. This warm and inviting 3-bedroom, 1-bath home features beautiful original hardwood floors, classic millwork, and thoughtful architectural character throughout. Enjoy the ambiance and flow created by graceful French doors, adding style and light to the main living areas. The

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 660-5483

  884 Kensington Place, Memphis, TN 38107
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  /14

  $72,800

  • 3 Beds
  • 1 Bath
  • 1,414 Sq Ft

  1621 Kendale Ave, Memphis, TN 38106

  This is an as-is sale. Repairs are not negotiable. Seller prefers all cash offers with no contingencies, but will consider all offers presented. Seller will review offers December 24. Property will not qualify for FHA or VA financing in current condition. Property requires interior and exterior repairs.

  

  Matthew Ford

  The Carter Group LLC, REALTORS

  (901) 459-3466

  1621 Kendale Ave, Memphis, TN 38106
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  /39

  $135,000

  • 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

  $101,450

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3553 Randolph 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 $850/mo. Professionally managed. Lease expires on 12/31/25

  

  Caleb Hall

  Keller Williams

  (901) 763-6496

  3553 Randolph St, Memphis, TN 38127
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  /2

  $76,000

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

  598 Orchard 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 $970/mo. Professionally managed. Lease expires on ...

  

  Caleb Hall

  Keller Williams

  (901) 660-2613

  598 Orchard Ave, Memphis, TN 38127
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  /7

  $105,000

  • 3 Beds
  • 1 Bath
  • 861 Sq Ft

  4620 Sunnybrook St, Memphis, TN 38127

  Discover this well-kept home located at 4620 Sunnybrook in Memphis, TN, offering comfort, convenience, and excellent rental potential. This property features a functional layout with inviting living spaces, a bright kitchen, and cozy bedrooms, making it a great fit for long-term tenants. The home includes a spacious yard—perfect for outdoor enjoyment—and sits in an established neighborhood close

  

  Austin Hall

  Evernest Too, LLC

  (901) 401-9034

  4620 Sunnybrook St, Memphis, TN 38127
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  /9

  $149,000

  • 4 Beds
  • 1,512 Sq Ft

  279 W Person Ave, Memphis, TN 38109

  Triplex + Two Extra Lots! Excellent income-producing property located in the heart of Memphis. This opportunity includes the main triplex plus two adjacent lots, offering additional value and long-term potential for development or expansion. Two units are currently rented for a combined $1,490 per month, and the third unit is being marketed for $695, bringing total potential gross rents to $2,185

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6567

  279 W Person Ave, Memphis, TN 38109
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  /9

  $71,400

  • 2 Beds
  • 1 Bath
  • 792 Sq Ft

  2061 Pendleton St, Memphis, TN 38114

  ?? 2061 Pendleton St, Memphis, TN $71,400 Turnkey Rental | Cash-Flowing Investment Solid buy-and-hold opportunity in Memphis with income in place. This 2 bedroom, 1 bathroom property is tenant-occupied and currently renting for $885 per month, providing immediate cash flow from day one. ? Performing tenant in place ? Stable rental history ? Low-maintenance asset ? Strong Memphis rental demand ?

  

  Austin Hall

  Evernest Too, LLC

  (901) 673-2530

  2061 Pendleton St, Memphis, TN 38114
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  /15

  $95,000

  • 2 Beds
  • 2 Baths
  • 1,079 Sq Ft

  3130 Harris Ave, Memphis, TN 38114

  Looking for a fixer upper with some room for equity after repair... look no further. This 2 bedroom, 2 bathroom home is the perfect starter home or initial investment property. With the interior fully updated, this house need some final touches and a little elbow grease to bring it all together. FYI, after value is above $140,000. Call with question or schedule your showing today. Agent/Owner

  

  Christopher Lucas

  eXp Realty, LLC

  (901) 617-7270

  3130 Harris Ave, Memphis, TN 38114
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  /4

  $124,900

  • 3 Beds
  • 2 Baths
  • 1,066 Sq Ft

  804 Keel Ave, Memphis, TN 38107

  804 Keel Ave, Memphis, TN Turnkey in Memphis priced at $124,900. This tenant-occupied property is currently renting for $1,175 per month , providing immediate cash flow for investors. Ideal for buy-and-hold investors seeking steady income in the Memphis rental market. Do not disturb tenant. Showings upon accepted offer only.

  

  Austin Hall

  Evernest Too, LLC

  (901) 295-4642

  804 Keel Ave, Memphis, TN 38107
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  /2

  $113,250

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3633 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 $725/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 617-7953

  3633 Early St, Memphis, TN 38127
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  /2

  $115,710

  • 2 Beds
  • 1 Bath
  • 827 Sq Ft

  3323 Farmville Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $775 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 627-3812

  3323 Farmville Rd, Memphis, TN 38122
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  /2

  $139,999

  • 8 Beds
  • 4 Baths
  • 2,784 Sq Ft

  1218 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 4 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. All offers must include proof of funds. This unit can be sold individually or with 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 660-4250

  1218 Ethel St, Memphis, TN 38114
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  /10

  $99,000

  • 2 Beds
  • 1 Bath
  • 1,080 Sq Ft

  761 Whitney Ave, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  (901) 675-6150

  761 Whitney Ave, Memphis, TN 38127
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  /24

  $55,000

  • 2 Beds
  • 1 Bath
  • 833 Sq Ft

  2046 Portland Ave, Memphis, TN 38127

  Take a look at this one move in ready and fresh paint new LVP floors counter tops and roof a few years old nice size back yard driveway parking call me or call your favorite agent to view ! Cash or conventional loan no blind Offers call for any info questions that you may have. Use the attached docs to submit all offers Beautiful remodeled bathroom to relax in ! Sold AS-Is seller will make no

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  (901) 657-2423

  2046 Portland Ave, Memphis, TN 38127
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  /2

  $134,330

  • 2 Beds
  • 1 Bath
  • 939 Sq Ft

  1710 Mcnair St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 716-8058

  1710 Mcnair St, Memphis, TN 38108
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  /2

  $65,000

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

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118

  Back on the Market! This nice 2-bedroom, 2-bathroom condo offers a spacious and functional layout. Currently tenant-occupied with reliable renters in place that's been there for 10 years. it’s a turnkey investment with immediate rental income potential. The unit features an open living room and dining room area, kitchen, in-unit laundry, and ample natural light throughout. Both bedrooms are

  

  Vashti Parson

  C21 Patterson & Assoc. Real Es

  (901) 673-8122

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118
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  /2

  $90,000

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

  3267 Millington Rd, 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 $700/mo. Professionally managed. Lease expires on 9/20/25

  

  Caleb Hall

  Keller Williams

  (901) 446-3468

  3267 Millington Rd, Memphis, TN 38127
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  /2

  $143,640

  • 3 Beds
  • 1 Bath
  • 1,119 Sq Ft

  3803 Rhodes Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,150 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 668-8878

  3803 Rhodes Ave, Memphis, TN 38111
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  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,018 Sq Ft

  4123 Ronnie Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 675-6372

  4123 Ronnie Rd, Memphis, TN 38128
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  /2

  $140,980

  • 3 Beds
  • 2 Baths
  • 1,040 Sq Ft

  1755 Atlas St, Memphis, TN 38108

  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) 668-7984

  1755 Atlas St, Memphis, TN 38108
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  /8

  $99,000

  • 4 Beds
  • 1 Bath
  • 1,124 Sq Ft

  344 Dixie Rd, Memphis, TN 38109

  LARGE LOT WITH A STORAGE SHED, LARGE PATIO AND FOUR BEDROOMS. PRICED TO SELL. AC WILL BE INSTALLED AT CLOSING.

  

  Stephen Mansour

  KAIZEN Realty, LLC

  (901) 673-2612

  344 Dixie Rd, Memphis, TN 38109
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  /2

  $8,000

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

  268 W Mckellar Ave, Memphis, TN 38109

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 710-0604

  268 W Mckellar Ave, Memphis, TN 38109
• 

  /2

  $113,050

  • 2 Beds
  • 1 Bath
  • 997 Sq Ft

  1009 Hudson St, Memphis, TN 38112

  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) 582-8931

  1009 Hudson St, Memphis, TN 38112
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  /4

  $25,000

  • Land
  • 1.93 Acres
  • $12,953 per Acre

  1307 W Raines Rd, Memphis, TN 38109

  Take a look at this parcel of land the possibilities are unlimited build your dream home or build multiple homes your choice drive by and take a look and start planning. Need a builder let me know. Drive by.

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  (901) 719-1723

  1307 W Raines Rd, Memphis, TN 38109
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  /2

  $151,620

  • 3 Beds
  • 2 Baths
  • 1,516 Sq Ft

  1669 Villa Rd, Memphis, TN 38108

  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) 698-6819

  1669 Villa Rd, Memphis, TN 38108
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  /2

  $130,000

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

  518 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 $1,176.00/mo. Professionally managed. Lease expires on 8/30/2025.

  

  Caleb Hall

  Keller Williams

  (901) 665-3175

  518 Burlington Cir, Memphis, TN 38127
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  /11

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,393 Sq Ft

  1311 Parkland Rd, Memphis, TN 38111

  Rare opportunity to own a 3BR/2BA home + Office with 3 year old HVAC and hot water heater in a quiet, well-established neighborhood. Perfect for an owner occupant or investor! This solid, light-filled home features new vinyl siding, hardwood floors, generous room sizes and a park-like backyard. The home has central A/C and Heat along with stainless steel appliances, including a refrigerator and

  

  Kim Golden

  Mint Realty Group

  (901) 660-9774

  1311 Parkland Rd, Memphis, TN 38111

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