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

• 

  

  

  /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
• Explore Memphis

• 

  

  

  /37

  $142,000

  $13K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 720 Sq Ft

  109 N Main St Unit 612, Memphis, TN 38103

  Live in the heart of downtown Memphis at the iconic Claridge House. This thoughtfully maintained condo is located in a mixed-use building with a coffee shop and restaurant on the ground floor and features spacious, light-filled rooms, a large walk-in closet, and built-in shelving. Walk, or ride the Main Street trolley, to many of downtown Memphis's favorite destinations, including Tom Lee Park,

  

  Edwin Scruggs

  BHHS Taliesyn Realty

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

  

  

  /14

  $78,500

  • 1 Bed
  • 1 Bath
  • 667 Sq Ft

  635 Patterson St Unit 4, Memphis, TN 38111

  Why rent when you can own! Call for financing options. 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
• 

  

  

  /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

  $84,901

  $8K 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

  $65,000

  $5K PRICE DROP

  • 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
• 

  

  /15

  $87,500

  $2K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 924 Sq Ft

  1975 Cloverdale Dr, Memphis, TN 38114

  NEW PRICE IMPROVEMENT NEW FINANCE IMPROVEMENT This home has been completely remodeled. Beautiful hardwood floors throughout, formal living and dining room combination, new kitchen countertop, stove, home has been painted throughout, central heat and air, two bedrooms and 2 FULL baths, large fenced backyard, home qualify for ZERO down payment. Forget renting when you can buy and get notes under

  

  Oliver Peyton

  The Peyton Co., Inc., REALTORS

  1975 Cloverdale Dr, Memphis, TN 38114
• 

  

  /29

  $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

  $105,000

  $16K PRICE INCREASE

  • 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 $1600 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
• 

  

  /30

  $128,000

  $7K 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
• 

  

  /17

  $40,000

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  2829 Sonora Dr Unit 2, Memphis, TN 38115

  Being sold AS-IS. Turnkey and ready to go, this beautiful 2-bedroom, 2-bath condo in The Hamlets is an excellent opportunity for both investors and owner-occupants. Featuring new appliances, including a new oven and refrigerator, this low-maintenance unit is move-in ready from day one. Investors will appreciate the strong rental potential of approximately $850 per month, easily exceeding the 1%

  

  Jordan Ray

  eXp Realty, LLC

  2829 Sonora Dr Unit 2, Memphis, TN 38115
• 

  

  /31

  $140,000

  $55K PRICE DROP

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

  6128 Raintree Dr, Memphis, TN 38115

  Renovated 3 bedroom 2 bath home in Ridgeway Estates. Ridgeway Estates boasts a prime location with easy access to major highways like Interstates 40, 69, 55, 240, and 269. with nearby parks and recreational facilities available.

  

  Jason Miller

  eXp Realty, LLC

  6128 Raintree Dr, Memphis, TN 38115
• 

  

  /25

  $135,000

  • 3 Beds
  • 1.5 Baths
  • 1,257 Sq Ft

  1156 Brower St, Memphis, TN 38111

  $10,000 SELLER INCENTIVE TO USE TOWARDS BUYER'S CLOSING COSTS AND/OR RATE BUY DOWN!! Welcome home to this charming 3-bedroom, 1.5-bath home offering 1,257 square feet in one of Sherwood Forest's most desirable neighborhoods. With gorgeous curb appeal and the classic character that makes 38111 so popular, this home is conveniently located just minutes from Sherwood Middle School, Cherokee

  

  Jordan Ray

  eXp Realty, LLC

  1156 Brower St, Memphis, TN 38111
• 

  

  /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
• 

  /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
• 

  

  /19

  $140,000

  $50K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,246 Sq Ft

  3094 Park Ave, Memphis, TN 38111

  COMMERCIAL ZONING + ENDLESS POTENTIAL! This fully renovated property offers a unique opportunity for investors, entrepreneurs, or owner-occupants seeking flexibility and long-term value. Inside features 3 bedrooms, walk-in closets, a separate laundry room, upstairs storage, and ceiling fans throughout. Major updates include an HVAC system only 3 years old, two hot water tanks, a new privacy

  

  Katrina Smith

  Keller Williams

  3094 Park Ave, Memphis, TN 38111
• 

  

  /23

  $125,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,075 Sq Ft

  2518 Manchester Rd, Memphis, TN 38114

  This sweet brick home has been COMPLETELY renovated from top to bottom and is ready for someone new to call it home. 3 bedrooms and 1 bath, and a charming open floor plan all within this classic brick home. A fantastic home that’s move-in ready and waiting for its next chapter. Schedule your showing today, it won't last long!

  

  Jennifer Steinmetz

  REMAX Experts

  2518 Manchester Rd, Memphis, TN 38114
• 

  

  /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
• 

  

  /18

  $77,900

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,344 Sq Ft

  3967 Grahamdale Cir Unit 3967B, Memphis, TN 38122

  Welcome to market 3967 Grahamdale Circle in the Grahamwood community. This low-maintence 3-bedroom, 2-bath home offers 1344 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar kitchen,

  

  Raychel Day

  Renshaw Company, REALTORS

  3967 Grahamdale Cir Unit 3967B, Memphis, TN 38122
• 

  

  /26

  $115,000

  $10K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,254 Sq Ft

  5726 Quince Rd Unit 4, Memphis, TN 38119

  **Yorkshire Gardens Townhome – East Memphis** Welcome home to this bright, freshly updated 2-bedroom, 1.5-bath townhome in the well-kept Yorkshire Gardens community. Move right in and start enjoying the easy lifestyle this East Memphis gem offers. Downstairs you’ll find an open great room with dining area, sunny breakfast room, pantry, coat closet, and convenient half bath. The kitchen features

  

  Todd Adams

  Keller Williams

  5726 Quince Rd Unit 4, Memphis, TN 38119
• 

  

  /15

  $40,000

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  5655 Encino Cove Unit 1, Memphis, TN 38115

  Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great

  

  Jordan Ray

  eXp Realty, LLC

  5655 Encino Cove Unit 1, Memphis, TN 38115
• 

  

  /25

  $96,550

  • 1 Bed
  • 1 Bath
  • 710 Sq Ft

  2277 Union Ave Unit 206, Memphis, TN 38104

  Generous room sizes, premium recent updates, and a prime Midtown location make this well-maintained condominium at The Mayfair an appealing option for buyers seeking low-maintenance living. Unlike many units, the spacious rooms provide flexibility for larger furniture or a home office. Major updates include a brand-new, energy-efficient dual-zone ductless mini-split HVAC system (2026) with a

  

  Edwin Scruggs

  BHHS Taliesyn Realty

  2277 Union Ave Unit 206, Memphis, TN 38104
• 

  

  /13

  $79,900

  • 3 Beds
  • 1 Bath
  • 1,022 Sq Ft

  498 Tuton Cove, Memphis, TN 38109

  Calling all investors and handy homeowners! This property offers incredible potential with only minimal work needed to make it shine. Whether you're looking to add a valuable asset to your investment portfolio or create your dream home, this is the opportunity you've been waiting for. Bring your vision and creativity—this home is a blank canvas ready for your personal touch. Don't miss your

  

  Jo Mathes

  Pinnacle Realty

  498 Tuton Cove, Memphis, TN 38109
• 

  

  /36

  $110,000

  • 1 Bed
  • 1 Bath
  • 433 Sq Ft

  109 N Main St Unit 1202, Memphis, TN 38103

  Welcome to downtown Memphis living at its finest in Claridge House! This spacious studio condominium offers a surprisingly open and comfortable floor plan featuring a separate kitchen, full-size bath, walk-in closet, and charming exposed brick accent wall that adds character and warmth. Enjoy river views from your unit and experience the convenience of low-maintenance condo living in the heart of

  

  Sherry Harbur

  Harbur Realty

  109 N Main St Unit 1202, Memphis, TN 38103
• 

  

  /20

  $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
• 

  

  /18

  $67,900

  $2K PRICE DROP

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

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122

  Welcome to market 3981 Grahamdale Circle in the Grahamwood community. This low-maintence 2-bedroom, 2-bath home offers 1140 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar and

  

  Raychel Day

  Renshaw Company, REALTORS

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122
• 

  

  /15

  $105,000

  • 3 Beds
  • 1 Bath
  • 954 Sq Ft

  736 St Paul Ave, Memphis, TN 38126

  *Move in ready* A lot of love has gone into bringing this 3 bedroom, 1 bath home back to life. With a full wall to wall renovation and a layout that flows effortlessly, this home is ready for someone new to call it home. Schedule an appointment to see it today!

  

  Jennifer Steinmetz

  REMAX Experts

  736 St Paul Ave, Memphis, TN 38126
• 

  

  /13

  $139,998

  $10K PRICE DROP

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

  1898 Poplar Woods Cir E, Germantown, TN 38138

  Discover low-maintenance living in the heart of Germantown! This move-in ready townhouse features fresh interior paint, two spacious bedrooms, washer/dryer hook-up, and kitchen appliances. Near shopping, dining, and entertainment, this is a great opportunity for first-time buyers, downsizers, or investors. Seller may consider a kitchen island update with an acceptable full-price offer. Call today

  

  Rasheedah Jones

  Dreamteam Realty Co

  1898 Poplar Woods Cir E, Germantown, TN 38138
• 

  /2

  $40,000

  • 1 Bed
  • 1 Bath
  • 696 Sq Ft

  5660 Los Gatos Dr Unit 2, Memphis, TN 38115

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Being sold AS-IS. Property is rented for $740/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow! Being sold in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr,

  

  Jordan Ray

  eXp Realty, LLC

  5660 Los Gatos Dr Unit 2, Memphis, TN 38115
• 

  

  /8

  $77,900

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,362 Sq Ft

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122

  Welcome to market 3989 Grahamdale Circle in the Grahamwood community. This low-maintence 3-bedroom, 2-bath home offers 1344 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar kitchen,

  

  Raychel Day

  Renshaw Company, REALTORS

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122
• 

  /2

  $125,000

  • 5 Beds
  • 2 Baths
  • 1,412 Sq Ft

  345 S Parkway E, Memphis, TN 38106

  Charming 3-bedroom, 1-bath home offering approximately 1,412 square feet of living space. This property features a spacious living area, updated exterior with attractive black-and-white curb appeal, ample parking, and a large lot with mature trees. Conveniently located near Downtown Memphis, schools, parks, shopping, and major transportation routes. Whether you're a first-time homebuyer looking

  

  Leaser Coleman

  Empire Realty, LLC

  345 S Parkway E, Memphis, TN 38106
• 

  

  /13

  $99,000

  $29K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,485 Sq Ft

  5573 Pleasant View Rd Unit 35, Memphis, TN 38134

  Perfect opportunity for a savvy buyer! Wonderfully located condo offered at a great price. This 3-bedroom, 2.5-bath home features a spacious and functional layout, including a breakfast bar, two separate den/living areas, and a cozy fireplace in the main living room. Enjoy outdoor living with a private, fenced patio, plus the convenience of covered parking for two vehicles. Additional highlights

  

  Kyle Couvion

  Reid, REALTORS

  5573 Pleasant View Rd Unit 35, Memphis, TN 38134
• 

  /2

  $114,380

  • 2 Beds
  • 1 Bath
  • 700 Sq Ft

  452 Lipford St, Memphis, TN 38112

  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

  452 Lipford St, Memphis, TN 38112
• 

  /2

  $148,960

  • 2 Beds
  • 1 Bath
  • 791 Sq Ft

  886 N Bingham St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,050 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  886 N Bingham St, Memphis, TN 38108
• 

  /2

  $147,000

  $10K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  1711 Ronda St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $825 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1711 Ronda St, Memphis, TN 38108
• 

  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 902 Sq Ft

  1946 Tant Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $$750 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1946 Tant Rd, Memphis, TN 38128
• 

  /2

  $150,290

  • 2 Beds
  • 2 Baths
  • 1,295 Sq Ft

  3275 Macon Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3275 Macon Rd, Memphis, TN 38122
• 

  

  /29

  $89,000

  $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,471 Sq Ft

  4787 Townhouse Way, Memphis, TN 38118

  *** Do Not Disturb Tenant*** Newly Renovated Condo located in East Memphis. Section 8 Tenant in place for $997, MHA Approved on 9/30/25. Property is 3 Bedrooms 2 baths, 1 Bedroom downstairs and 2 Upstairs. Property was Purchased in a Tax Sale, Seller has owned the property less than a Year (Buyer Must close with Saddle Creek Only) Title Insurance can possibly be Purchased with an Attached Risk

  

  Tara Woodley

  Zach Taylor Real Estate

  4787 Townhouse Way, Memphis, TN 38118
• 

  

  /3

  $35,000

  • Land
  • 26,136 Sq Ft
  • $58,333 per Acre

  1133 Saunders Ave, Memphis, TN 38127

  Looking for investor, business owners or home owners. Nice level lot. Will take all cash. Drive by and take a look.

  

  Jo Mathes

  Pinnacle Realty

  1133 Saunders Ave, Memphis, TN 38127
• 

  

  /9

  $65,000

  • 2 Beds
  • 1 Bath
  • 715 Sq Ft

  2344 Warren St, Memphis, TN 38106

  Turnkey investment opportunity in the heart of South Memphis! This renovated 3-bedroom, 1-bath home at 2344 Warren St, Memphis, TN 38106 is cash-flow ready with projected rental income of $950 per month. Priced at just $65,000, this property offers strong returns for both new and seasoned investors. Features include updated flooring, fresh paint, spacious living areas, and a large yard.

  

  Austin Hall

  Evernest Too, LLC

  2344 Warren St, Memphis, TN 38106

Showing Results 1 - 40, Page 1 of 18