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

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  /14

  $79,900

  $6K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 667 Sq Ft

  635 Patterson St Unit 4, Memphis, TN 38111

  Walking distance to the University of Memphis and local resturants. Upstairs units. 1 bedroom/1 bath. Bedroom and living area is spacious. Sliding door with outside patio area. Parking spaces included. Laundry facilities at complex. Condo fees only $130/mo. HOA replaces all this roofs and repaved the parking lot in 2025.

  

  Scott Carrier

  Keller Williams

  635 Patterson St Unit 4, Memphis, TN 38111
• Explore Memphis

• 

  

  

  /15

  $89,500

  • 2 Beds
  • 2 Baths
  • 924 Sq Ft

  1975 Cloverdale Dr, Memphis, TN 38114

  Looking for a really cute home with 2 bedrooms and 2 FULL BARHS and large fenced backyard, perfect for cookouts and gathering. Master bath is 10 x 7 feet, and the house note is less than $800 per month. This is cheaper than renting. Home completely remodeled and located near S Parkway and Lamar. Close to the expressway, shopping and churches. Don’t wait for the open house. Call today for private

  

  Oliver Peyton

  The Peyton Co., Inc., REALTORS

  1975 Cloverdale Dr, Memphis, TN 38114
• 

  

  /2

  $145,000

  $40K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,654 Sq Ft

  1505 Netherwood Ave, Memphis, TN 38106

  This well built home is spacious, has a long driveway with a two car carport. Ideal for an investor! Income producing!

  

  Leaser Coleman

  Empire Realty, LLC

  1505 Netherwood Ave, Memphis, TN 38106
• 

  

  

  /40

  $88,500

  • 4 Beds
  • 2.5 Baths
  • 1,854 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

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115
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  /30

  $130,000

  Open Sun 1PM - 3PM $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 899 Sq Ft

  3759 Mccain Rd, Memphis, TN 38109

  NEW ROOF! NEW HVAC! NEW FLOORS! NEW KITCHEN! NEW BATHROOM! NEW WATER HEATER! HUGE CORNER LOT!! FRESHLY REMODELED!!! Beautifully updated 3-bed/1-bath home offering 899 square feet in the desirable West Valley subdivision of Memphis. Located in a quiet neighborhood with friendly neighbors, this move-in ready home has been completely remodeled from the inside out with major upgrades already

  

  Jordan Ray

  eXp Realty, LLC

  3759 Mccain Rd, Memphis, TN 38109
• 

  

  /40

  $110,000

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,821 Sq Ft

  1050 Cummings St, Memphis, TN 38106

  Welcome to this Southern Charm 1,821sq. ft. home in the heart of South Memphis! Located at 1050 Cummings St, this spacious 3-bedroom, 2-bathroom residence offers a perfect blend of historical and functional living. Step inside to discover NEW gray vinyl plank flooring and fresh interior paint in a Freshly painted blue-gray palette, creating a clean, airy atmosphere throughout. The generous layout

  

  Tara Woodley

  Zach Taylor Real Estate

  1050 Cummings St, Memphis, TN 38106
• 

  

  /21

  $130,000

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft

  2217 Clayton Ave, Memphis, TN 38108

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,100/month total gross monthly rent. Unit 1 (2217) is rented for $550/month. Cash tenant. Unit 2 (2219) is rented for $550/month. Cash tenant. Copy of leases available upon request. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with

  

  Jordan Ray

  eXp Realty, LLC

  2217 Clayton Ave, Memphis, TN 38108
• 

  

  /20

  $125,000

  • 3 Beds
  • 2.5 Baths
  • 1,867 Sq Ft

  3406 Cristil St Unit 31, Memphis, TN 38118

  Spacious townhome in a peaceful East Memphis neighborhood featuring 3 bedrooms and 2.5 baths. Updates include new carpet in all bedrooms and laminate wood flooring in the den. Functional layout with comfortable living space, conveniently located near shopping, dining, and everyday amenities.

  

  Randell Richmond

  eXp Realty, LLC

  3406 Cristil St Unit 31, Memphis, TN 38118
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  /37

  $122,000

  • 1 Bed
  • 1 Bath
  • 944 Sq Ft

  475 N Highland St Unit 3H, Memphis, TN 38122

  AS IS SALE, Bank Owned Asset ---Welcome to 475 N Highland St #3H in the heart of Memphis! This well-maintained unit offers the perfect blend of comfort, convenience, and low-maintenance living. Featuring a spacious layout with abundant natural light, this home is ideal for both homeowners and investors alike. Enjoy a bright and inviting living area, a functional kitchen with ample cabinet space,

  

  Tara Woodley

  Zach Taylor Real Estate

  475 N Highland St Unit 3H, Memphis, TN 38122
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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

  6320 Kirby Downs Dr, Memphis, TN 38115
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  /10

  $123,650

  $11K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,432 Sq Ft

  760 Garland St, Memphis, TN 38107

  Solid brick bungalow with genuine character that's increasingly hard to find at this price point. Natural stone columns anchor a covered front porch, and the oversized front deck adds functional outdoor living space rarely seen on comparable homes. Inside, the craftsmanship speaks for itself -- tall dark wood baseboards, bold crown molding, and original wood door casings frame every room with a

  

  Christy Cj Pace

  Pace Probity Asset Management

  760 Garland St, Memphis, TN 38107
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  /2

  $95,000

  $10K PRICE DROP

  • 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

  1541 Patton St, Memphis, TN 38106
• 

  

  /40

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  1535 Standridge St, Memphis, TN 38108

  Turnkey move-in ready duplex for sale in 38108! Each side has 2 bed/1 bath units and can be rented as high as $750/month creating an opportunity for $1,500/month in gross rental income which exceeds the 1% rule! Great opportunity for building your portfolio with massive cashflow or a house-hack for those starter investors looking to offset their mortgage payment using VA or FHA with little to

  

  Jordan Ray

  eXp Realty, LLC

  1535 Standridge St, Memphis, TN 38108
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  /25

  $96,550

  • 1 Bed
  • 1 Bath
  • 710 Sq Ft

  2277 Union Ave Unit 206, Memphis, TN 38104

  Enjoy the convenience of Midtown living in this 1-bedroom, 1-bath condo ideally located near Overton Square, Cooper-Young, and Overton Park. Downtown Memphis and East Memphis are both less than 15 minutes away. This 710-square-foot condo features durable luxury vinyl flooring, a spacious walk-in closet, and major recent updates, including a recently installed dual-zone ductless mini-split cooling

  

  Edwin Scruggs

  BHHS Taliesyn Realty

  2277 Union Ave Unit 206, Memphis, TN 38104
• 

  

  /19

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 992 Sq Ft

  2158 Pueblo Ave, Memphis, TN 38127

  Take advantage of powerful homebuyer programs that can make ownership more affordable than ever, including potential 0% down payment options & first-time buyer assistance through CCM Smart Start with up to $5,250 available as a grant that does not have to be repaid. Located in one of the quietest pockets of Frayser in 38127, this move-in ready 3-bedroom, 1-bath home offers just under 1,000 square

  

  Jordan Ray

  eXp Realty, LLC

  2158 Pueblo Ave, Memphis, TN 38127
• 

  

  /37

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  1531 Standridge St, Memphis, TN 38108

  Turnkey move-in ready duplex for sale in 38108! Each side has 2 bed/1 bath units and can be rented as high as $750/month creating an opportunity for $1,500/month in gross rental income which exceeds the 1% rule! Great opportunity for building your portfolio with massive cashflow or a house-hack for those starter investors looking to offset their mortgage payment using VA or FHA with little to

  

  Jordan Ray

  eXp Realty, LLC

  1531 Standridge St, Memphis, TN 38108
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  /11

  $97,000

  $18K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft

  1075 Kney St, Memphis, TN 38107

  This is a perfect starter home / Investment property. Home has been renovated and is move in ready! 3 bedrooms/1 bathroom. First month's rent waived!! Book a tour today!

  

  Leaser Coleman

  Empire Realty, LLC

  1075 Kney St, Memphis, TN 38107
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  /34

  $149,900

  $5K PRICE DROP

  • 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

  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

  2938 Conti Cove, Memphis, TN 38127
• 

  

  /21

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,325 Sq Ft

  1461 Boxwood St, Memphis, TN 38108

  TENANT OCCUPIED 1 SIDE, DO NOT DISTURB TENANT AT 1461 BOXWOOD. Property is rented for $650/month & the lease is month-to-month. Cash tenant. Copy of the lease available upon request. No showings at 1461 Boxwood without an accepted contract. Make offers contingent on inspection. 1463 Boxwood is vacant and available for showings. Great opportunity for building your portfolio with massive cashflow

  

  Jordan Ray

  eXp Realty, LLC

  1461 Boxwood St, Memphis, TN 38108
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  /33

  $145,000

  • 3 Beds
  • 2 Baths
  • 1,466 Sq Ft

  2535 Clearpark Dr, Memphis, TN 38127

  Move-in ready and located in one of the most desirable areas of Frayser, this spacious 3-bedroom, 2-bath home offers a flexible floor plan, tasteful updates, and excellent curb appeal. Beautiful hardwood floors run throughout much of the home, while the updated kitchen features attractive finishes and a modern vent hood that buyers love to see. With a formal dining room, an additional dining

  

  Jordan Ray

  eXp Realty, LLC

  2535 Clearpark Dr, Memphis, TN 38127
• 

  

  /22

  $129,000

  $11K PRICE DROP

  • 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

  1220 Chamberlain Dr Unit 4, Memphis, TN 38119
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  /37

  $142,000

  $13K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 720 Sq Ft

  109 N Main St Unit 612, Memphis, TN 38103

  Enjoy downtown living at the historic Claridge House. Unlike many units in the building, this thoughtfully updated condo features an open kitchen that creates a brighter, more spacious feel. The living, dining, and kitchen areas flow together seamlessly, while the breakfast bar and pantry add everyday convenience. A short hallway leads to a generously sized bedroom, bath with a separate vanity

  

  Edwin Scruggs

  BHHS Taliesyn Realty

  109 N Main St Unit 612, Memphis, TN 38103
• 

  

  /17

  $109,000

  $10K PRICE DROP

  • 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

  1448 Menager Rd, Memphis, TN 38106
• 

  

  /15

  $89,901

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 825 Sq Ft

  1633 Orr St, Memphis, TN 38108

  Check out this cute move in ready 2 bedroom home! Perfect for an owner occupant or an investor. No seller financing. No assignable offers.

  

  Walter Jones

  BEST Real Estate Company

  1633 Orr St, Memphis, TN 38108
• 

  

  /33

  $70,000

  • 2 Beds
  • 2 Baths
  • 1,140 Sq Ft

  3983 Grahamdale Cir Unit 3983A, Memphis, TN 38122

  Townhouse-style 2-BR, 2-BA condo in a convenient Memphis location offers a functional and inviting floorplan. Updates include new carpet and laminate flooring, providing a fresh interior feel. The kitchen features a pantry, breakfast bar that opens to the main living areas for everyday living and entertaining. The spacious great room includes a fireplace adding warmth and character. Outdoor r

  

  Sherry Harbur

  Harbur Realty

  3983 Grahamdale Cir Unit 3983A, Memphis, TN 38122
• 

  

  /13

  $139,999

  $10K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,014 Sq Ft

  1898 Poplar Woods Cir E, Germantown, TN 38138

  Welcome home to this well-maintained, move-in ready townhouse in the heart of Germantown. Fresh interior paint and well-maintained carpet create a clean, inviting feel throughout. The functional floor plan features two spacious bedrooms upstairs, while the main level offers a convenient half bath and in-unit laundry for everyday ease. Ideally located near dining, shopping, and entertainment, this

  

  Rasheedah Jones

  Dreamteam Realty Co

  1898 Poplar Woods Cir E, Germantown, TN 38138
• 

  /2

  $6,000

  • Land
  • 4,356 Sq Ft
  • $60,000 per Acre

  356 Cambridge Ave, Memphis, TN 38106

  Lot ready to be developed. Just drive by.

  

  Jo Mathes

  Pinnacle Realty

  356 Cambridge Ave, Memphis, TN 38106
• 

  

  /19

  $117,900

  $2K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  

  Raychel Day

  Renshaw Company, REALTORS

  829 Josephine St, Memphis, TN 38114
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  /9

  $25,000

  $13K PRICE DROP

  • 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

  2139 Lyon Ave, Memphis, TN 38108
• 

  /2

  $148,960

  • 3 Beds
  • 1 Bath
  • 974 Sq Ft

  3954 Berkshire Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $725 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3954 Berkshire Ave, Memphis, TN 38108
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  /24

  $89,900

  $10K PRICE DROP

  • Land
  • 25,264 Sq Ft
  • $155,000 per Acre

  9385 Greybear Cove, Unincorporated, TN 38018

  Lots,Lots, & more LOTS! (18 to be exact) Here is A rare Opportunity in Shelby County outside the city limits. Discover the perfect setting for your dream home in this beautiful, private gated community. With 18 lots to choose from, you can select the ideal homesite that fits your vision. Enjoy the convenience of city water and sewer, while benefiting from being located in an unincorporated area.

  

  John Stamps

  The Stamps Real Estate Company

  9385 Greybear Cove, Unincorporated, TN 38018
• 

  /2

  $146,000

  • 3 Beds
  • 2 Baths
  • 1,451 Sq Ft

  4117 Grey Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4117 Grey Rd, Memphis, TN 38108
• 

  /2

  $65,000

  $55K PRICE DROP

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

  1060 Forrest Ave, Memphis, TN 38105

  Great investment opportunity-Investors this is one for the books! Located Downtown and minutes from the Medical District. As-Is Sale. Bring all offers!

  

  Tammy Taylor

  KAIZEN Realty, LLC

  1060 Forrest Ave, Memphis, TN 38105
• 

  /2

  $114,000

  $4K PRICE DROP

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

  828 Floyd Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $875/mo. Professionally managed. Lease expires on 4/1/2027.

  

  Caleb Hall

  Keller Williams

  828 Floyd Ave, Memphis, TN 38127
• 

  /2

  $150,290

  • 3 Beds
  • 1 Bath
  • 1,021 Sq Ft

  3504 Buchanan Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 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

  3504 Buchanan Ave, Memphis, TN 38122
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  /11

  $130,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,107 Sq Ft

  2452 Saratoga Ave, Memphis, TN 38114

  INVESTOR ALERT! Turnkey, tenant-occupied duplex with strong cash flow, exceeding the 1% rule. Both units leased at $700/month. Memphis continues to attract investor demand due to affordable price points and solid rent-to-price ratios. No assignable offers. No seller financing. Drive by only. Do not disturb tenants. Showings only with accepted contract.

  

  Walter Jones

  BEST Real Estate Company

  2452 Saratoga Ave, Memphis, TN 38114
• 

  

  /16

  $29,000

  • 3 Beds
  • 1 Bath
  • 1,056 Sq Ft

  2243 Clarksdale Ave, Memphis, TN 38108

  Great investment opportunity on this 3/1 brick bungalow in Hyde Park with established neighbors. Built in 1952 as a duplex, the home was converted to single family and offers good space. Nice size kitchen, laundry & bedrooms, with heart of pine flooring under vinyl. All kitchen appliances & portable AC unit convey, as well as a newer gas water heater (not installed). Roof is 4 years old! NEW

  

  Paige Arnold

  Crye-Leike, Inc., REALTORS

  2243 Clarksdale Ave, Memphis, TN 38108
• 

  /2

  $74,000

  $4K PRICE DROP

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

  607 Burlington Cir, Memphis, TN 38127

  Buyer failed financing, price under appraised value. Part of a 39 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 7/31/2026

  

  Caleb Hall

  Keller Williams

  607 Burlington Cir, Memphis, TN 38127
• 

  

  /15

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,420 Sq Ft

  2939 Mountain Terrace St, Memphis, TN 38127

  Step into this inviting 3-bedroom, 2-bath home nestled in a peaceful, established neighborhood. From the moment you arrive, you’ll feel the warmth and care that’s gone into maintaining this lovely property. The bright living area is filled with natural light — perfect for relaxing or spending time with family. The kitchen offers plenty of cabinet space and a layout that makes cooking easy and

  

  Zachary Churchey

  Churchey Realty

  2939 Mountain Terrace St, Memphis, TN 38127

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