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

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  /2

  $55,000

  • 3 Beds
  • 1 Bath
  • 1,192 Sq Ft

  2100 Riverside Blvd, Memphis, TN 38109

  Charming 3BR/1BA home with new roof and recent updates! Ideal for owner-occupant or investor seeking strong rental returns. Great location near downtown and amenities. Vacant and ready for quick closing. Don’t miss this affordable opportunity!

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 617-4676

  2100 Riverside Blvd, Memphis, TN 38109
• Explore Memphis

• 

  

  

  /24

  $115,000

  • 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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  /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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  /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 comes with walk-in closet, on-site laundry, and 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. Freshly painted and cleaned, this one is priced to

  

  Amanda Lester

  NextHome Cornerstone Realty

  (901) 582-8357

  3080 Walnut Grove Rd Unit 205, Memphis, TN 38111
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  /2

  $149,900

  • 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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  /2

  $135,000

  • 7 Beds
  • 2 Baths
  • 2,521 Sq Ft

  1694 Walker Ave, Memphis, TN 38114

  Located just minutes from shopping, restaurants, and an entertainment district, this spacious home offers plenty of possibilities. Recent updates include a newer roof, updated windows and fully renovated kitchen and bathrooms. With a little finishing work, this property can easily be brought to its full potential. A great opportunity for anyone looking for space and convenience in a well-located

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 668-6470

  1694 Walker Ave, Memphis, TN 38114
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  /11

  $149,999

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

  4710 Hillbrook Rd, Memphis, TN 38109

  Looking for an affordable home in Memphis? Don’t miss this fully renovated 4bd/2ba gem, 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. Conveniently located near the Southwest

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 460-2568

  4710 Hillbrook Rd, Memphis, TN 38109
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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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  /14

  $119,500

  • 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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  /13

  $105,000

  • 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.

  

  Vivian Denogean

  Fast Track Realty, LLC

  (901) 673-7739

  3215 University St, Memphis, TN 38127
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  /2

  $102,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3176 Benjestown 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 $775/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 673-2392

  3176 Benjestown Rd, Memphis, TN 38127
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  /15

  $40,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1399 South Ave, Memphis, TN 38106

  INVESTOR SPECIAL!!! Great Investment Property. The primary house will need some work done to the interior and exterior. The 36x12 workshop and the large yard are highlights of the property. The property is convenient to shopping, restaurants, and schools. A streetlight was added in September of 2025 which adds extra lighting and security. Cash or Conventional only.

  

  Ken Cannon

  Crye-Leike of MS, Inc.

  (901) 445-8926

  1399 South Ave, Memphis, TN 38106
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  /2

  $150,000

  • 4 Beds
  • 2 Baths
  • 1,296 Sq Ft

  3651 N Trezevant St, Memphis, TN 38127

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,500/month & the lease expires 6/30/2026. Section 8 tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, &

  

  Jordan Ray

  eXp Realty, LLC

  (901) 881-4975

  3651 N Trezevant St, Memphis, TN 38127
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  /2

  $109,000

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

  851 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 $850/mo. Professionally managed. Lease expires on 12/31/25

  

  Caleb Hall

  Keller Williams

  (901) 668-6238

  851 Floyd Ave, Memphis, TN 38127
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  /2

  $140,000

  • Land
  • 0.14 Acre
  • $1,000,000 per Acre

  5045 Henry Heights Dr, Memphis, TN 38117

  Build your dream home on Lot 8 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.14 acre, you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something different? Bring your own

  

  Julie Upchurch

  McWaters & Associates

  (901) 657-4352

  5045 Henry Heights Dr, Memphis, TN 38117
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  /22

  $12,000

  • Land
  • 0.11 Acre
  • $109,091 per Acre

  651 S Parkway E, Memphis, TN 38106

  Nice lot with a brick building on the corner of S Parkway E. and S. Orleans for sale or rent. Close to shopping, restaurants, and much more. Property can be viewed at any time. Owner/Agent Property. Utilities nearby. The neighbor has been maintaining the property and will be moving his wood fence back to his property line, then the brick building that is part of the property will be fully

  

  Ken Cannon

  Crye-Leike of MS, Inc.

  (901) 657-6245

  651 S Parkway E, Memphis, TN 38106
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  /2

  $123,000

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

  854 Carrolton 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 $800/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 673-2982

  854 Carrolton Ave, Memphis, TN 38127
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  /9

  $68,250

  • 2 Beds
  • 1 Bath
  • 715 Sq Ft

  2344 Warren St, Memphis, TN 38106

  

  Austin Hall

  Evernest Too, LLC

  (901) 403-6311

  2344 Warren St, Memphis, TN 38106
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  /12

  $47,000

  • 2 Beds
  • 1.5 Baths
  • 840 Sq Ft

  5190 Flowering Peach Dr, Memphis, TN 38115

  Great investment opportunity. Book a showing today.

  

  Katrina Smith

  Keller Williams

  (901) 883-7035

  5190 Flowering Peach Dr, Memphis, TN 38115
• 

  /2

  $99,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  931 Carrolton 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 5/30/25

  

  Caleb Hall

  Keller Williams

  (901) 445-6629

  931 Carrolton Ave, Memphis, TN 38127
• 

  /2

  $127,000

  • 4 Beds
  • 1 Bath
  • 1,600+ Sq Ft

  951 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 $800/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 617-7556

  951 Joel Ave, Memphis, TN 38127
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  /2

  $101,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  991 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 $700/mo. Professionally managed. Lease expires on 9/30/25

  

  Caleb Hall

  Keller Williams

  (901) 460-9062

  991 Joel Ave, Memphis, TN 38127
• 

  /2

  $69,250

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  3021 Sunrise St, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Easy to show. Has been professionally managed.

  

  Caleb Hall

  Keller Williams

  (901) 660-3495

  3021 Sunrise St, Memphis, TN 38127
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  /2

  $106,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  894 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 $750/mo. Professionally managed. Lease expires on 8/31/25

  

  Caleb Hall

  Keller Williams

  (901) 660-9748

  894 Par Ave, Memphis, TN 38127
• 

  /2

  $79,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  942 Frayser 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 $800/mo. Professionally managed. Lease expires on 5/30/25

  

  Caleb Hall

  Keller Williams

  (901) 456-7014

  942 Frayser Cir, Memphis, TN 38127
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  /2

  $145,000

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

  1218 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection day Nov. 1, 2025, 10am-11:30 am. All offers must include proof of funds. This unit can be sold individually or as a package with 1239 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 563-5042

  1218 Ethel St, Memphis, TN 38114
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  /2

  $109,900

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

  181 Hayden Place, Memphis, TN 38111

  Great investment opportunity with strong upside potential. This partially renovated duplex features modern updates throughout, with most much work already completed. Both units offer refreshed kitchens and bathrooms, updated interiors that provide a strong foundation for finishing the project. With just a few final touches needed, this property is ideal for investors looking for rental income or

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 563-3123

  181 Hayden Place, Memphis, TN 38111
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  /2

  $112,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  908 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 $700/mo. Professionally managed. Lease expires on 5/30/25

  

  Caleb Hall

  Keller Williams

  (901) 808-8026

  908 Par Ave, Memphis, TN 38127
• 

  /2

  $107,000

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

  835 Restbrook 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 $725/mo. Professionally managed. Lease expires on 1/31/26.

  

  Caleb Hall

  Keller Williams

  (901) 883-7699

  835 Restbrook Ave, Memphis, TN 38127
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  /2

  $94,000

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

  1033 Cindy Ln, 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 10/31/25

  

  Caleb Hall

  Keller Williams

  (901) 446-4082

  1033 Cindy Ln, Memphis, TN 38127
• 

  /2

  $150,000

  • 4 Beds
  • 2 Baths
  • 1,620 Sq Ft

  4401 Guildhall Dr, Memphis, TN 38128

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,465/month & the lease expires 6/30/2026. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N

  

  Jordan Ray

  eXp Realty, LLC

  (901) 621-4169

  4401 Guildhall Dr, Memphis, TN 38128
• 

  /2

  $104,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  918 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 $725/mo. Professionally managed. Lease expires on 1/30/26

  

  Caleb Hall

  Keller Williams

  (901) 621-7520

  918 Joel Ave, Memphis, TN 38127
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  /9

  $145,000

  • 3 Beds
  • 1.5 Baths
  • 1,141 Sq Ft

  1381 Laudeen Dr, Memphis, TN 38116

  Welcome to 1381 Laudeen — a promising value-add single-family property in a quiet, established Memphis neighborhood. With a tenant-ready rental comp of $1,280/month, this home is ideal for investors seeking steady cash flow with minimal upfront renovation. The layout offers a solid foundation for a comfortable, modern rental — just a few “light cosmetic touches” away from maximizing its income

  

  Austin Hall

  Evernest Too, LLC

  (901) 582-7430

  1381 Laudeen Dr, Memphis, TN 38116
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  /4

  $95,000

  • 2 Beds
  • 2 Baths
  • 1,080 Sq Ft

  853 N Dunlap St, Memphis, TN 38107

  Excellent investment opportunity! This fully occupied duplex features two 1BR/1BA units, each with long-term tenants and steady rental income. Recent improvements include a new roof, offering peace of mind for years to come. Conveniently located just minutes from Downtown Memphis and with easy access to major expressways and amenities, this property is positioned for continued growth and value.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 621-8159

  853 N Dunlap St, Memphis, TN 38107
• 

  /2

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,104 Sq Ft

  3432 Radford Rd, Memphis, TN 38111

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $995/month & the lease expires 4/30/2026. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N

  

  Jordan Ray

  eXp Realty, LLC

  (901) 617-4199

  3432 Radford Rd, Memphis, TN 38111
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  /11

  $59,900

  • 1 Bed
  • 1 Bath
  • 100+ Sq Ft

  109 N Main St Unit 603, Memphis, TN 38103

  Located on the sixth floor of the historic Claridge building, this studio condo is the incredibly affordable for this building. The space is smartly laid out and features a cute, functional kitchen—perfect for simple city living! Indoor pool and exercise room along with an incredible rooftop lounging area!

  

  Chasity Blackburn

  Blackburn & Co

  (901) 350-2990

  109 N Main St Unit 603, Memphis, TN 38103
• 

  

  /9

  $105,300

  • 2 Beds
  • 2.5 Baths
  • 1,484 Sq Ft

  5865 Jardin Place, Memphis, TN 38141

  Charming 2BR/2.5BA townhome in a quiet Memphis neighborhood. Spacious living and dining areas with half bath on the main level. Both bedrooms offer private baths and ample closet space. Perfect for investors or first-time buyers looking for value. Low-maintenance yard, convenient location near schools, shopping, and major routes. Sold as-is—great opportunity to add your personal touch and build

  

  Michael Tally

  Tally Real Estate Group, LLC

  (901) 660-7466

  5865 Jardin Place, Memphis, TN 38141
• 

  

  /31

  $133,800

  • 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
• 

  

  /16

  $104,500

  • 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
• 

  

  /9

  $25,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  2139 Lyon Ave, Memphis, TN 38108

  Fantastic Investment Opportunity In Hyde Park neighborhood! AS-IS! No wholesalers! No seller financing! Cash or Hard Money offers only! The seller is looking for offers with no inspection contingencies since the property is vacant and can be viewed anytime. Rental rates for the area are $750 - $1,100/month. VIDEO AVAILABLE UPON REQUEST!

  

  Jordan Ray

  eXp Realty, LLC

  (901) 668-8973

  2139 Lyon Ave, Memphis, TN 38108

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