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

• 

  

  /2

  $20,000

  • Land
  • 11,325 Sq Ft
  • $76,923 per Acre

  944 Tully St, Memphis, TN 38107

  Residential lot in uptown near downtown. Great lot ready to build! Minutes from the newly renovated Tom Lee Park.

  Crystal Mitchell Renshaw Company, REALTORS

  944 Tully St, Memphis, TN 38107
• 

  

  

  /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
• 

  

  

  /4

  $62,900

  • 2 Beds
  • 1.5 Baths
  • 849 Sq Ft

  5197 Flowering Peach Dr Unit T8, Memphis, TN 38115

  Enjoy comfortable, low-maintenance living in this 849-square-foot condo located in the convenient 38115 area of Memphis. This well-situated home offers a practical layout and is ideal for anyone looking for an affordable and conveniently located place to call home. The property is just minutes from grocery stores, gas stations, shopping, dining, and other everyday conveniences, making it easy to

  Leah Douglas-Wooten Progressive Realty Services

  5197 Flowering Peach Dr Unit T8, Memphis, TN 38115
• 

  

  /2

  $98,000

  • 2 Beds
  • 1 Bath
  • 886 Sq Ft

  2775 Windsor Pkwy, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,450 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over

  Harry Samuels Pinnacle Realty

  2775 Windsor Pkwy, Memphis, TN 38127
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  /20

  $99,900

  $10K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,406 Sq Ft

  3700 Hyacinth Dr, Memphis, TN 38115

  Welcome to this well-maintained 2-bedroom, 2.5-bath townhouse offering 1,406 square feet of comfortable living space. Built in 1984, this two-story home features a spacious living room with a fireplace, an eat-in kitchen, and two generously sized bedrooms, each with access to a full bath. Enjoy a private patio, low-maintenance living, and a convenient Memphis location close to shopping, dining,

  Thee Gaines Trelora Realty

  3700 Hyacinth Dr, Memphis, TN 38115
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  /32

  $84,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,025 Sq Ft

  645 Parkrose Rd, Memphis, TN 38109

  Charming single-story home featuring 3 bedrooms and 1 full bath in an established Memphis neighborhood. This property offers a functional layout with an eat-in kitchen, spacious living area, attached carport, and a level lot with driveway parking. This property is being sold AS-IS.

  Carl Purifoy Trelora Realty

  645 Parkrose Rd, Memphis, TN 38109
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  /8

  $95,000

  $25K PRICE DROP

  • 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~~Being sold thru Auction Means only~~ 5% Buyer premium charged to buyer at closing.

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
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  /8

  $97,000

  $5K PRICE DROP

  • 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
• 

  

  /17

  $66,000

  • Land
  • 3.77 Acres
  • $17,507 per Acre

  00 Lakehurst Drive Dr, Memphis, TN 38128

  DISCOVER THE POTENTIAL OF THIS BEAUTIFUL 3.77± ACRE WOODED PROPERTY LOCATED ON LAKEHURST DRIVE IN THE FOREST LAKE NEIGHBORHOOD IN MEMPHIS, TENNESSEE. Featuring mature timber and a peaceful natural setting, this Shelby County property offers an excellent opportunity to build your dream home, create a private retreat, or invest in land with outstanding potential. Conveniently located just feet from

  Payton Shinault Small Town Hunting Properties

  00 Lakehurst Drive Dr, Memphis, TN 38128
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  /23

  $150,000

  • 4 Beds
  • 2 Baths
  • 1,151 Sq Ft

  1621 Oakwood St, Memphis, TN 38108

  Discover an outstanding investment opportunity with this fully renovated duplex at 1621 & 1623 Oakwood Street in Memphis! Whether you're looking to expand your rental portfolio or invest in an income-producing property, this move-in-ready duplex checks all the boxes. Both units have been beautifully updated with fresh interior and exterior paint, luxury vinyl plank flooring, new kitchen cabinets,

  Melissa Blume Thompson eXp Realty

  1621 Oakwood St, Memphis, TN 38108
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  /2

  $17,500

  $3K PRICE DROP

  • Land
  • 9,583 Sq Ft
  • $79,545 per Acre

  1040 Fields Rd, Memphis, TN 38109

  Builders / Investors get your building plans ready! Lot sold "AS IS / WHERE IS." Buyer to conduct due diligence. Please submit Approval / Proof of Funds with offer. NO WHOLESALE OFFER OR TRANSFER OF CONTRACT. **Forbid showing and negotiation with seller.** Adjacent lot 1036 Fields Rd is for sale.

  Wonda McGowan McGowan Homes & R/E Services

  1040 Fields Rd, Memphis, TN 38109
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  /12

  $54,400

  • 2 Beds
  • 1 Bath
  • 943 Sq Ft

  90 E Trigg Ave, Memphis, TN 38106

  Investor Opportunity on this freshly remodeled home! New tenant with 1 year lease through 4/30/27. Rent is $695/mo. Professionally managed. Located close to entertainment and commerce, this neighborhood is prime for growth.

  Joshua Cooper Sowell, Realtors

  90 E Trigg Ave, Memphis, TN 38106
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  /2

  $5,000

  $5K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $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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  /17

  $140,000

  • 4 Beds
  • 1 Bath
  • 1,350 Sq Ft

  3587 Hallbrook St, Memphis, TN 38127

  This beautifully updated 4-bedroom, 1-bath home blends timeless character with modern updates and is ready for its new owner. From the moment you arrive, you'll appreciate the fresh exterior paint, inviting curb appeal, covered carport, and mature shade trees. Inside, you'll find original hardwood floors throughout most of the home, complemented by fresh paint, updated lighting, and an abundance

  Shae Roberts Advantage Property Management

  3587 Hallbrook St, Memphis, TN 38127
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  /5

  $95,000

  • 4 Beds
  • 1 Bath
  • 1,372 Sq Ft

  3673 S Deerwood Ave, Memphis, TN 38111

  1-story, 4 bedrooms and 1 bathroom home with a functional layout and plenty of potential. The living room is highlighted by a cozy fireplace, creating a welcoming focal point for the home. This property is being sold as is and offers a great opportunity for buyers looking to renovate, update, and make it their own. With some TLC and your personal vision, this home can become a wonderful place to

  Vicki Testerman Mainstay Brokerage, LLC

  3673 S Deerwood Ave, Memphis, TN 38111
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  /16

  $42,500

  • 3 Beds
  • 1.5 Baths
  • 1,721 Sq Ft

  460 Fox Valley Dr, Memphis, TN 38127

  Owner/agent - selling as is where is Call to schedule a showing

  Reginald Williams BROC Properties

  460 Fox Valley Dr, Memphis, TN 38127
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  /2

  $4,500

  • Land
  • 5,227 Sq Ft
  • $37,500 per Acre

  1462 Standridge St, Memphis, TN 38108

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  1462 Standridge St, Memphis, TN 38108
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  /10

  $40,000

  $5K PRICE DROP

  • 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
• 

  

  /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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  /4

  $4,500

  • Land
  • 10,018 Sq Ft
  • $19,565 per Acre

  2129 Yazoo St, Memphis, TN 38106

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  2129 Yazoo St, Memphis, TN 38106
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  /29

  $69,000

  $6K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 589 Sq Ft

  3589 Covington Pike Unit 112, Memphis, TN 38128

  PRICE Adjustment!!!!! AND HELP WITH CLOSING!!!! Seller will pay 3% of purchase price towards buyer's closing cost. 1 Bedroom 1 Bath Condo is located on the first floor with a walk up entrance. Newly updated with vinyl plank floors and updated bath and kitchen area. They take care of the maintenance, Utilities ,basic cable and more. If your looking for a relaxed living with all the perks its right

  George Langston Crye-Leike, Inc., REALTORS

  3589 Covington Pike Unit 112, Memphis, TN 38128
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  /10

  $124,900

  • 4 Beds
  • 2 Baths
  • 1,084 Sq Ft

  1410 Lyceum Rd, Memphis, TN 38106

  This property is leased at $995 per month through 05/25/2028. Fully renovated 4BR/2BA property built for long-term rental performance and low maintenance. Major upgrades include a new 30-year architectural roof, brand-new 3-ton HVAC system, and new LVP/tile flooring throughout. The kitchen has been completely updated with new cabinets, countertops, sink, and fixtures, while both bathrooms feature

  James Wachob Foundation Property Management

  1410 Lyceum Rd, Memphis, TN 38106
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  /2

  $12,000

  • Land
  • 6,098 Sq Ft
  • $85,714 per Acre

  857 Ioka Ave, Memphis, TN 38126

  Approx. 50' x 130' Vacant Lot Ready for Development! Excellent opportunity for builders, investors, or those looking to construct a new home. Conveniently located near I-240 with easy access to the airport, Downtown Memphis, shopping, dining, schools, and major employment centers. Buyer to verify all information deemed important, including zoning, utilities, lot dimensions, building requirements,

  Dawn Kinard Welch Realty, LLC

  857 Ioka Ave, Memphis, TN 38126
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  /5

  $105,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,684 Sq Ft

  2340 Mcgowan Dr, Memphis, TN 38127

  Investment opportunity with great potential! This property offers good bones, hardwood floors throughout, and a large backyard. Renovations and updates are needed to maximize its full potential, making it an excellent opportunity for investors looking to add value. Property is being sold as-is.

  Nicholas Bolding Keller Williams

  2340 Mcgowan Dr, Memphis, TN 38127
• 

  

  /3

  $45,500

  • 3 Beds
  • 2 Baths
  • 1,928 Sq Ft

  872 Stafford Ave, Memphis, TN 38106

  Large 3/2 with 10ft ceilings in Soulsville Complete Rehab, but Diamond in the Rough Investor Special !!!

  Reginald RL Pruitt Assured Real Estate Services

  872 Stafford Ave, Memphis, TN 38106
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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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  /2

  $7,100

  • Land
  • 3,484 Sq Ft
  • $88,750 per Acre

  1824 Rozelle St, Memphis, TN 38106

  Level lot for sale under $10,000. Also selling 1832 Rozelle.

  Virgil Pryor Harris Realty Services

  1824 Rozelle St, Memphis, TN 38106
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  /20

  $115,000

  $25K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,361 Sq Ft

  864 Dickinson St, Memphis, TN 38107

  Fantastic investment opportunity. 8 year tenant just vacated. This will rent quickly. 3 Br, Den w/fp, living room or formal dining room, eat-in kitchen. CH/A (in storage). Sold as-is. Located in historic Vollentine/Evergreen neighborhood. Near Crosstown Concourse and Rhodes University. Huge back yard and big deck off back door. Large covered front porch. Large parking area in back yard. Move-in

  JILL BERRY J.D. Marks, Inc., REALTORS

  864 Dickinson St, Memphis, TN 38107
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  /2

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,211 Sq Ft

  3780 Walsingham Dr, Memphis, TN 38128

  INVESTORS... Rented Section 8 for $1,300/mo. - tenant in place ***NO SHOWINGS WITHOUT ACCEPTED OFFER***TENANT OCCUPIED***DO NOT DISTURB*** Part of a package deal of 3 homes including... 4025 Winding Hill Cv. -&- 4403 Kerwin Dr. **picture is AI enhanced**

  Kris Goudy 360 RealtyPRO

  3780 Walsingham Dr, Memphis, TN 38128
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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 7/31/2026. 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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  /37

  $118,000

  $12K PRICE DROP

  • 2 Beds
  • 3 Baths
  • 1,346 Sq Ft

  5718 Quince Rd Unit 13, Memphis, TN 38119

  NEW PRICE!Welcome to Yorkshire Gardens, a beautifully maintained East Memphis community known for its mature landscaping, exceptional amenities, and unbeatable location. This spacious 2-bedroom, 1.5-bath townhome offers 1,346 square feet, making it one of the largest floor plans in the subdivision. Both bedrooms are located upstairs, providing privacy from the main living areas below. Enjoy a

  Marina Brinkley Coldwell Banker Collins-Maury

  5718 Quince Rd Unit 13, Memphis, TN 38119
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  /2

  $84,900

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  2304 Slocum Ave, Memphis, TN 38127

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2304 Slocum Ave, Memphis, TN 38127
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  /2

  $99,900

  $10K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,375 Sq Ft

  1748 Eldridge Ave, Memphis, TN 38108

  Fantastic investment opportunity in the Shelby area. This 4br/1 bath single-family home is in the 38108 area. Cash flowing with a monthly rental amount of $1,050/month. Lease ends on 4/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  1748 Eldridge Ave, Memphis, TN 38108
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  /10

  $103,500

  $14K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 882 Sq Ft

  580 Blackhawk Rd, Memphis, TN 38109

  Special financing and grants available for this great property!!! Wonderful home for sell at a great improved price. Well maintained three bedroom one bathroom home in a great location. This home features NO carpet, large back yard, vinyl and tile flooring throughout, low maintenance brick exterior, modern light fixtures and so much more.This home qualifies for great financing and forgivable

  William Haynes Crye-Leike, Inc., REALTORS

  580 Blackhawk Rd, Memphis, TN 38109
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  /2

  $27,500

  • Land
  • 3,049 Sq Ft
  • $392,857 per Acre

  0 Rayburn St, Memphis, TN 38106

  SOLD AS A PACKAGE DEAL! Attention investors, builders, and developers! Don't miss this unique opportunity to acquire 17 parcels of land being offered as one package. Whether you're looking to expand your investment portfolio, develop multiple homesites, or secure land for future growth, this package offers incredible potential. Included Parcels: 813 Coahoma 964 Wellington 951 Driver 650 Jeanette

  Chinna Prude C21 Patterson & Assoc. Real Es

  0 Rayburn St, Memphis, TN 38106
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  /6

  $65,000

  • 4 Beds
  • 1.5 Baths
  • 1,164 Sq Ft

  859 N Ball Rd, Memphis, TN 38106

  Investor Special – Sold As-Is! Cash Only This charming 4-bedroom, 1-bath home is full of potential and sits on a spacious lot of just over an acre. With a little work, this property would make a great rental or a wonderful home in a well-established neighborhood. Don’t miss this opportunity to invest in a promising property!

  Lakesha Lilly Leatherwood The Home Partners Realty

  859 N Ball Rd, Memphis, TN 38106
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  /11

  $85,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 813 Sq Ft

  3043 Coleman Ave, Memphis, TN 38112

  Great opportunity at a great improved price! This professionally managed home is rented for $895/mo putting it above the 1% rule! This property features hardwood floors, two bedrooms, a large kitchen, a detached garage, a great location, no carpet and a ton of charm! Book your tour today for this great opportunity. Seller also has 580 Blackhawk Rd available for sell. NO SHOWINGS WITHOUT AN

  William Haynes Crye-Leike, Inc., REALTORS

  3043 Coleman Ave, Memphis, TN 38112
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  /7

  $74,900

  $25K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  1937 Pinedale Ave, Memphis, TN 38127

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted. Has a brand-new roof and a new HVAC system installed in 2025. Selected window replacements and the entire interior has been freshly painted. Seller is willing to contribute

  Dean Harris CrestCore Realty MphsBrokerage

  1937 Pinedale Ave, Memphis, TN 38127
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  /7

  $80,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  1428 Smythe Ave Unit 58, Memphis, TN 38114

  Currently leased at $865 per month through 08/16/2026. This 2-bedroom, 1-bath home features original hardwood floors, central heat and air, ceiling fans, window coverings, laundry hookups, and a functional kitchen with ample cabinet and counter space. The property has been updated and shows solid overall condition with a clean, well-kept interior and durable exterior construction. Built in 1950,

  James Wachob Foundation Property Management

  1428 Smythe Ave Unit 58, Memphis, TN 38114

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