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

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  /2

  $9,500

  • Land
  • 0.13 Acre
  • $73,077 per Acre

  1440 Woodward St, Memphis, TN 38106

  Single family lot itself holds strong value with plenty of rehabs and new construction happening nearby. No seller disclosures.

  Donnie Morrow eXp Realty, LLC

  1440 Woodward St, Memphis, TN 38106
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  /4

  $94,900

  • 3 Beds
  • 2 Baths
  • 1,103 Sq Ft

  4550 Spring Glen Dr, Memphis, TN 38128

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $835/month. The lease ends on 02/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4550 Spring Glen Dr, Memphis, TN 38128
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  /2

  $130,000

  • 2 Beds
  • 2 Baths
  • 1,247 Sq Ft

  1752 Goodhaven Dr, Memphis, TN 38116

  DUPLEX. Exceeds 1% CASH FLOW- TOTAL RENT $1525.00.- 1 BR 1 Bath $850- 1BR 1 Bath $675.00. Excellent cash flow and addition to your portfolio. No owner finance or wholesalers. Inspection with accepted offer- DO NOT DISTURB TENANTS

  Brett Bernard The Stamps Real Estate Company

  1752 Goodhaven Dr, Memphis, TN 38116
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  /11

  $89,999

  • 4 Beds
  • 1 Bath
  • 1,514 Sq Ft

  1617 Maplewood St, Memphis, TN 38108

  Investor Special - Memphis Rental Property under $100k!! Investor opportunity in Memphis! This is 4 bedroom, 1 bathroom home with over 1500 sq ft offers strong rental potential and is idea for investors seeking larger single-family rentals. Homes of this size commonly rent in the $1,200 to $1,350 range, providing solid long-term income potential. Property features Spacious floor plan with

  Adrian Henning KAIZEN Realty, LLC

  1617 Maplewood St, Memphis, TN 38108
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  /21

  $135,000

  • 2 Beds
  • 1 Bath
  • 792 Sq Ft

  928 Chatwood St, Memphis, TN 38122

  Great investment opportunity. Active lease in place. Do not disturb tenant. Inspection to be made once offer has been accepted. Currently leased at $1,200 with a lease expiration of 9/30/26. No creative finance offers. No sign in yard. Adorable Berclair Cottage 2 Bedroom and 1 Bath- NEW Roof and Water Heater in 2024! Easy to Maintain Siding- Oversized Garage w/Automatic Garage door- Good Size

  Jon Dickens The Firm

  928 Chatwood St, Memphis, TN 38122
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  /9

  $46,250

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  1883 Cedarhurst Ave, Memphis, TN 38127

  Lovely 2 bedroom 1 bathroom home with covered parking being offered at a great price. Seller has made several repairs already and home has a nice floor plan. Could be a great primary residence, investment property, buy & hold rental, or BRRRR property. ONLINE VIDEO AVAILABLE UPON REQUEST. Cash offers only. Many homes in this area are being rehabbed & sold for more money (house on same street sold

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1883 Cedarhurst Ave, Memphis, TN 38127
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  /3

  $100,000

  • 2 Beds
  • 1 Bath
  • 1,108 Sq Ft

  3533 Douglass Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is tenant occupied for $895/mo. 35k in rehab done to this property in the past year! 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab

  William Haynes Crye-Leike, Inc., REALTORS

  3533 Douglass Ave, Memphis, TN 38111
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  /8

  $115,000

  • 4 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  4826 Leonard Rd, Memphis, TN 38109

  4 bedroom 1.5 Bath Home~~with No Maintenance exterior and Single carport~~ Central HVAC~~Luxury Vinyl Thru-out~~This property is eligible to Owner Occupants only under the First Look Initiative for first 30 days

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
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  /8

  $97,000

  • 2 Beds
  • 1 Bath
  • 826 Sq Ft

  2119 Pendleton St, Memphis, TN 38114

  INVESTOR SPECIAL! Tenant-occupied and producing $865/month. Professionally managed. Fully renovated in 2022 with key mechanicals replaced, plus 2025 updates before current tenant move-in. Lease active until 8/31/26. Reports available. Showings only after accepted offer. No wholesale or creative terms.

  Jeremy Veldman KAIZEN Realty, LLC

  2119 Pendleton St, Memphis, TN 38114
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  /2

  $90,000

  • 2 Beds
  • 1 Bath
  • 640 Sq Ft

  3679 Victory Heights Ln S, Memphis, TN 38118

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $900.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3679 Victory Heights Ln S, Memphis, TN 38118
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  /19

  $139,900

  • 4 Beds
  • 2.5 Baths
  • 1,526 Sq Ft

  3560 Steele St, Memphis, TN 38127

  4-bedroom 2.5 bath home. Has a section 8 tenant paying $1500.00 a month property is being sold as is where is. do not disturb tenant. Will be allowed to view home once an offer is accepted. Great investor opportunity.

  Fred Sengstacke KAIZEN Realty, LLC

  3560 Steele St, Memphis, TN 38127
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  /2

  $9,000

  • Land
  • 0.04 Acre
  • $225,000 per Acre

  783 Mississippi Blvd, Memphis, TN 38126

  Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio includes the following

  Austin Rowe Onward Real Estate

  783 Mississippi Blvd, Memphis, TN 38126
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  /13

  $88,000

  • 3 Beds
  • 1 Bath
  • 980 Sq Ft

  2807 Alpena Ave, Memphis, TN 38127

  Investment Property 3/1, hardwood floors, Tile Kitchen & Bath newer, Stove provided at closing, Gas stove, Gas HWT, Roof aprox 10 years old Selling As Is. Tenant Occupied

  Jennifer Boyd Heritage Homes Co.

  2807 Alpena Ave, Memphis, TN 38127
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  /15

  $79,900

  • 3 Beds
  • 1 Bath
  • 600+ Sq Ft

  931 Calvin Rd, Memphis, TN 38109

  Welcome to 931 Calvin Rd! This beautifully renovated home is move-in ready and perfect for a first-time buyer or savvy investor. Step inside to find fresh updates throughout, including new flooring, modern fixtures, and a bright, open layout that makes every space feel inviting. The kitchen has been updated with sleek finishes, offering plenty of cabinet and counter space for everyday living.

  Eric Crutcher Doorstep Realty

  931 Calvin Rd, Memphis, TN 38109
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  /31

  $84,900

  • 2 Beds
  • 1 Bath
  • 904 Sq Ft

  1068 Mount Vernon Rd, Memphis, TN 38111

  Charming single-family ranch offering 2 bedrooms and 1 bath with a functional, single-level layout. The home features generously sized bedrooms, ample natural light, and a spacious living area ideal for everyday living and entertaining. Enjoy a large backyard with plenty of room for outdoor activities, gardening, or future expansion. Conveniently located and full of potential—this home is a great

  Alexis Martz Trelora Realty

  1068 Mount Vernon Rd, Memphis, TN 38111
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  /16

  $118,500

  • 3 Beds
  • 2 Baths
  • 1,007 Sq Ft

  778 N Montgomery St, Memphis, TN 38107

  This newly renovated gem is 3.4 miles from Fedex Forum. 7 minutes from the Bass Pro Shop. It comes completely renovated with new roof, HVAC and water heater. Property will qualify for FHA, VA, conventional loans, etc. Property will have a one year home warranty from seller. This could be a great starter home or a great investment property in a growing area. Price Reduction

  Jerry Duckett eXp Realty, LLC

  778 N Montgomery St, Memphis, TN 38107
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  /33

  $104,900

  • 2 Beds
  • 1 Bath
  • 920 Sq Ft

  4278 Leatherwood Ave, Memphis, TN 38111

  Welcome to 4278 Leatherwood Ave in Memphis! This charming brick single-family home offers wonderful curb appeal, a detached garage, and a fenced yard on a spacious lot. The yard provides plenty of room for gardening, entertaining, adding a swing set, or all of the above. Flowerbeds in the front are just waiting for your favorite landscaping to make the home truly shine. Inside, you’ll find a

  Tiffany Jones Trelora Realty

  4278 Leatherwood Ave, Memphis, TN 38111
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  /2

  $5,000

  • Land
  • 0.08 Acre
  • $62,500 per Acre

  1401 Latham St, Memphis, TN 38106

  Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. PLEASE contact listing agent for more information on this & other active lots

  Dawn Kinard Welch Realty, LLC

  1401 Latham St, Memphis, TN 38106
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  /34

  $79,900

  • 2 Beds
  • 1 Bath
  • 920 Sq Ft

  4167 Windermere Rd, Memphis, TN 38128

  This 2-bedroom, 1-bathroom 920 sqft brick ranch features a practical layout highlighted by an open, shared kitchen and dining space and a living room centered around an efficient, wood-burning stove fireplace. The interior includes hardwood flooring in the main living areas with comfortable carpeting in the bedrooms, while the central heating and cooling system provides comfort throughout the

  Tiffany Jones Trelora Realty

  4167 Windermere Rd, Memphis, TN 38128
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  /6

  $45,000

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

  3043 Sax Rd, Memphis, TN 38109

  Investor Special – Motivated Seller! This property sits on a large lot and is being sold AS-IS. It’s a full rehab opportunity for the right buyer with vision! Whether you’re looking for your next flip, rental project, or a chance to build equity from the ground up, this home is priced to move. Seller did replace the roof

  Tanika Bland BEST Real Estate Company

  3043 Sax Rd, Memphis, TN 38109
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  /3

  $95,000

  • 3 Beds
  • 1 Bath
  • 1,115 Sq Ft

  4612 Newton Dr, Memphis, TN 38109

  INVESTORS ONLY!!! Lovely 3bed 1bath Brick home currently rented for $895/mo with covered parking. This could be a great addition to your portfolio. Professionally managed. No sign in yard, please do not disturb tenants. Lease and Ledger available upon request. ONLINE VIDEO AVAILABLE UPON REQUEST. No creative or owner financed offers. No wholesale or assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4612 Newton Dr, Memphis, TN 38109
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  /19

  $100,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104

  Four "Belvedere Gardens" Units for sale as a package deal for $360,000. Individual Prices available. Two 2-bedroom units and two 1-bedroom units available. Three furnished units are at 108 N Belvedere. THIS UNIT is $100,000 on its own. Unfurnished. 2 BR - 1 Bath - First floor flat. Central heat/air. refrigerator and range included. Gated entry to building. You may drive by, but parking is

  Felix Bishop Crye-Leike, Inc., REALTORS

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104
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  /31

  $90,000

  • 3 Beds
  • 1 Bath
  • 1,136 Sq Ft

  3487 Overton Crossing St, Memphis, TN 38127

  Welcome to 3487 Overton Crossing St in Memphis! This charming brick single-family home offers inviting curb appeal with a covered front entry and the convenience of a 1-car carport. Inside, the home features neutral colors and abundant natural light, creating a bright and comfortable atmosphere throughout. The layout includes three bedrooms and one full bathroom, along with a welcoming living

  Tiffany Jones Trelora Realty

  3487 Overton Crossing St, Memphis, TN 38127
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  /7

  $49,500

  • 2 Beds
  • 1.5 Baths
  • 978 Sq Ft

  3754 Cambridge Station Dr Unit F2, Memphis, TN 38115

  VACANT AND EASY TO SHOW! Investor Special! This recently updated 2 Bed/1.1 bath condo was previously rented for $990/mo Section 8. Central heat and air! Now is the perfect opportunity to upgrade your portfolio!

  Joshua Cooper Sowell, Realtors

  3754 Cambridge Station Dr Unit F2, Memphis, TN 38115
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  /2

  $70,000

  • 2 Beds
  • 1 Bath
  • 835 Sq Ft

  2340 Hernando Rd, Memphis, TN 38106

  2 bedroom, 1 bath home with a spacious backyard. Tenant-occupied Section 8 rental producing $1,150/month in guaranteed income with a stable tenant in place. Tenant utilizes an additional room as a third bedroom, though it is not officially classified. Interior access permitted only after an accepted contract, contingent upon interior inspection, to minimize disruption to the tenant. Please do not

  LaTonya Hammond Lawrence Johnson, REALTORS

  2340 Hernando Rd, Memphis, TN 38106
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  /6

  $70,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3597 Baine Ave, Memphis, TN 38111

  Investor opportunity in Highland Heights! This 2-bed, 1-bath brick home offers approx. 875 sq ft of living space on a 7,405 sq ft lot. Built in 1953, it features wood laminate and tile flooring, central HVAC, a fenced yard, and driveway parking. Currently rented for $850/month. Property is offered as part of a discounted investment package with: • 48 W Belle Haven Rd – $76,000 • 140 Cedar Ave –

  Curtis Bleeker KAIZEN Realty, LLC

  3597 Baine Ave, Memphis, TN 38111
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  /4

  $65,000

  • 2 Beds
  • 1 Bath
  • 1,287 Sq Ft

  1696 Kendale Ave, Memphis, TN 38106

  Great income-producing opportunity in the Glenview Historic District. This tenant-occupied 2BR/1BA property offers immediate cash flow. Property is professionally managed. Please do not disturb tenant or trespass. No showings prior to accepted contract. All offers to be made contingent upon inspection.

  Karla Fayne Keller Williams

  1696 Kendale Ave, Memphis, TN 38106
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  /15

  $102,000

  • 3 Beds
  • 1 Bath
  • 953 Sq Ft

  2955 Tudor St, Memphis, TN 38127

  Great Investment Opportunity!!!

  Ashleigh Lovan Keller Williams

  2955 Tudor St, Memphis, TN 38127
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  /24

  $98,000

  • 1 Bed
  • 1 Bath
  • 759 Sq Ft

  1960 N Parkway Unit 605, Memphis, TN 38112

  Single bedroom unit available in the Parkway House! known for its beautiful design and location in the heart of everything Memphis this property is perfect for those who want to be close to the Memphis Zoo, Parks and plenty of your favorite food places along with the famous Rhodes College Campus . A single bedroom unit does not come around often so come give it a look!

  James Hooker Tiger Realty

  1960 N Parkway Unit 605, Memphis, TN 38112
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  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,109 Sq Ft

  3236 Park Ave, Memphis, TN 38111

  THIS HOME IS TENANT OCCUPIED!!! DO NOT DISTURB TENATS!!! All offers must be accepted prior to any inspections. Please call listing agent for information and showing instructions. Offer instructions are in documents.

  Henry Booth Omni, REALTORS

  3236 Park Ave, Memphis, TN 38111
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  /14

  $149,750

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

  796 S Graham St, Memphis, TN 38111

  Tenant Occupied with Tenant's Rights, Buyer to verify Room Sizes, Big Back Yard, Tenants Lease Can be Renewed or Tenant is agreeable to break the lease if the new owner wants to occupy. Appointments must be scheduled with tenants Notice. Big Back Yard, Close to the College

  Jason Arms Memphis Area Rentals

  796 S Graham St, Memphis, TN 38111
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  /2

  $130,000

  • 4 Beds
  • 1 Bath
  • 1,188 Sq Ft

  3671 S Victory Heights Ln, Memphis, TN 38118

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,300.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3671 S Victory Heights Ln, Memphis, TN 38118
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  /2

  $150,000

  • 3 Beds
  • 1 Bath
  • 1,112 Sq Ft

  4401 Quince Rd, Memphis, TN 38117

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1195/mo with a market rent of $1500/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few

  William Haynes Crye-Leike, Inc., REALTORS

  4401 Quince Rd, Memphis, TN 38117
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  /2

  $49,000

  • 3 Beds
  • 1.5 Baths
  • 1,566 Sq Ft

  1531 Oakwood St, Memphis, TN 38108

  This vacant property is ready for a new owner and a renovation. This is a great investment opportunity in a prime area for growth. This property is ready for a new owner to realize it's full potential. Call for a private showing!

  Joshua Cooper Sowell, Realtors

  1531 Oakwood St, Memphis, TN 38108
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  /2

  $5,750

  • Land
  • 0.1 Acre
  • $57,500 per Acre

  0 Ryder Ave, Memphis, TN 38106

  Nice corner lot at the SE corner of Ryder Ave & Greenwood. Great build site! Support new construction in this area. Buyer to verify all utilities and perform any and all due diligence prior to closing. Selling AS-WHERE IS

  Dawn Kinard Welch Realty, LLC

  0 Ryder Ave, Memphis, TN 38106
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  /21

  $148,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2025. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
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  /13

  $75,000

  • 2 Beds
  • 1 Bath
  • 648 Sq Ft

  2105 Farrington St, Memphis, TN 38109

  Michelle Batts KAIZEN Realty, LLC

  2105 Farrington St, Memphis, TN 38109
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  /2

  $15,000

  • Land
  • 0.14 Acre
  • $107,143 per Acre

  1579 Southern Ave, Memphis, TN 38114

  Nice lot! Come build your new house!

  Myles Wilson Keller Williams

  1579 Southern Ave, Memphis, TN 38114
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  /7

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,174 Sq Ft

  1137 Kney St, Memphis, TN 38107

  Well maintained investment property! Property is currently tenant occupied paying $950/month. Spacious 3 bedroom 1 bathroom home. Please do not disturb tenant.

  Kendrick Garcia Fast Track Realty, LLC

  1137 Kney St, Memphis, TN 38107
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  /20

  $89,500

  • 3 Beds
  • 1 Bath
  • 1,162 Sq Ft

  1229 Marlin Rd, Memphis, TN 38116

  Awesome chance to buy a great-looking home in Whitehaven - just fix up the inside and get it occupied! This performed very well for the owner, with a great multi-year tenant; they are selling to invest in their local market. This house is very unique, with a large back yard, screened-in sun porch, separate dining and living rooms and a garage! All of this makes for a really nice addition to any

  Randall Weatherall Memphis Metro Realty

  1229 Marlin Rd, Memphis, TN 38116

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