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

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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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  /2

  $99,900

  • 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 $995/month. The lease ends on 4/30/2026. 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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  /16

  $120,000

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

  1148 Rozelle St, Memphis, TN 38106

  Move in ready 3/1 that backs up to Glenview Park! Close to to Cooper-Young! Vacant, easy to show! No owner/creative financing.

  Caleb Parr Renshaw Company, REALTORS

  1148 Rozelle St, Memphis, TN 38106
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  /8

  $85,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  1493 Ragan St, Memphis, TN 38106

  PRICE REDUCTION This is a beautiful brick starter home for your family. Home features 2 bedrooms, living room dining room combo, updated bath, updated kitchen, large back yard, nice enclosed front porch, fenced back yard and single carport with storage space Home is sold "AS IS" Call Broker Bay for appointment

  Greta Jones KAIZEN Realty, LLC

  1493 Ragan St, Memphis, TN 38106
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  /22

  $85,000

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

  2048 Benton St, Memphis, TN 38106

  Charming 2-bedroom, 1-bath home with direct backyard access to The Links at Pine Hill Golf Course! This property is full of potential—perfect for investment or as your next renovation project. Inside, you'll find a separate living room and dining room, laminate flooring in the main living areas, and cozy carpet in the bedrooms. The home also includes washer and dryer connections for added

  Linitra Washington KAIZEN Realty, LLC

  2048 Benton St, Memphis, TN 38106
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  /5

  $80,000

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  1428 Smythe Ave Unit 58, Memphis, TN 38114

  OWNER FINANCING AVAILABLE!! Welcome to 1428 Smythe Avenue—a well-maintained 2-bedroom, 1-bath home offering comfort, charm, and functionality. This tenant-occupied property presents a great opportunity for both homeowners and investors, with potential for immediate rental income or future occupancy. Enjoy original hardwood floors, air conditioning and heat, ceiling fans, window coverings, and

  James Wachob Foundation Property Management

  1428 Smythe Ave Unit 58, Memphis, TN 38114
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  /14

  $85,000

  • 2 Beds
  • 1.5 Baths
  • 1,280 Sq Ft

  5945 Swaying Pine Ln, Memphis, TN 38115

  2 Bedroom 1.5 bath townhouse/condo. Central heat and air, detached garage with unit. small private rear yard/patio area.

  Justin Thorne HomePlace Real Estate

  5945 Swaying Pine Ln, Memphis, TN 38115
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  /10

  $95,000

  • 3 Beds
  • 1 Bath
  • 845 Sq Ft

  987 Floyd Ave, Memphis, TN 38127

  Investor Special! This tenant-occupied 3-bedroom, 1-bath home is a great addition to any rental portfolio. Currently leased at $895/month with tenants in place, this property offers immediate income potential from day one. Home features a functional floor plan with spacious living areas and solid rental appeal. Conveniently located with easy access to major roads, schools, and local amenities.

  Donnie Morrow eXp Realty, LLC

  987 Floyd Ave, Memphis, TN 38127
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  /2

  $35,000

  • Land
  • 0.12 Acre
  • $291,667 per Acre

  1608 Netherwood Ave, Memphis, TN 38106

  Vacant lot in the Glenview neighborhood. Flat lot and ready to build on. Utilities service from rear of lot. R-6 (H) zoning. Two other lots in the neighborhood also listed.

  Rob Thompson Bluff City Realty Group, LLC

  1608 Netherwood Ave, Memphis, TN 38106
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  /5

  $76,999

  • 2 Beds
  • 1 Bath
  • 674 Sq Ft

  2059 Rile St, Memphis, TN 38109

  Owner/Agent – Investor Special! Turnkey rental tenant occupied paying $997/month. This beautifully renovated 2-bedroom home features brand new vinyl flooring, updated lighting, central air & heating system, a new water heater, and a fenced-in yard. A solid investment opportunity with guaranteed income from day one! Showings with an accepted offer. Seller will not consider creative financing or

  Victoria Brown 4 Success Realty, LLC

  2059 Rile St, Memphis, TN 38109
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  /11

  $149,000

  • 4 Beds
  • 2 Baths
  • 1,357 Sq Ft

  1507 Oakwood St, Memphis, TN 38108

  1507/1509 Oakwood - Turnkey Duplex Investment Opportunity Well-maintained and recently updated duplex offering immediate income potential. One side is currently rented at $775/month, and the other side is vacant with a prospective tenant expected to move in within the next couple of weeks at approximately $800/month. This property has been fixed up and is positioned for strong cash flow with

  Jonathan Nunez Fast Track Realty, LLC

  1507 Oakwood St, Memphis, TN 38108
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  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /2

  $5,000

  • Land
  • 0.07 Acre
  • $71,429 per Acre

  0 S 3rd St, Memphis, TN 38103

  Commercial Lot/Land available, great business opportunity. Can be sold together with MLS #'s 10199306,10199303,10198754,10199299

  Jeff Goff Keller Williams

  0 S 3rd St, Memphis, TN 38103
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  /2

  $84,000

  • 4 Beds
  • 2 Baths
  • 1,360 Sq Ft

  489 Orchard Ave, Memphis, TN 38127

  Property is tenant occupied. DO NOT DISTURB TENANT. Fantastic addition to an investment portfolio.

  Ashleigh Lovan Keller Williams

  489 Orchard Ave, Memphis, TN 38127
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  /2

  $78,800

  • Land
  • 0.17 Acre
  • $463,529 per Acre

  1056 Roland St, Memphis, TN 38114

  3 - 50 x 150 Vacant Home Lots - 1056, 1060 and 1064 Roland Street. Ready to build. Seller is a licensed Real Estate Agent

  Chris Garland Crye-Leike, Inc., REALTORS

  1056 Roland St, Memphis, TN 38114
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  /26

  $65,000

  • 1 Bed
  • 1 Bath
  • 870 Sq Ft

  1960 N Parkway Unit 411, Memphis, TN 38112

  A Beautifully maintained 1-bedroom, 1-bath condo HVAC and heat 2024 (HOA Care) water heater 2024 , nestled in the heart of Memphis’ desirable Evergreen Historic District. This top-floor unit offers abundant natural light, hardwood floors, and vintage charm with modern updates. Enjoy a spacious living area, a cozy bedroom retreat, and a well-appointed kitchen perfect for everyday living. Located

  Suliman Hazama KAIZEN Realty, LLC

  1960 N Parkway Unit 411, Memphis, TN 38112
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  /2

  $90,000

  • Land
  • 0.25 Acre
  • $360,000 per Acre

  4539 Weaver Rd SW, Memphis, TN 38109

  TWO (2) PARCELS....OVER 12 ACRES..... GREAT LOCATION FOR BUILDING NEW AFFORDAABLE HOUSING IN SOUTHWEST SHELBY COUNTYT..... EXCELLENT FRONTAGE!!! PRICE REDUCED!!!

  Georgia Torrance Torrance Real Estate

  4539 Weaver Rd SW, Memphis, TN 38109
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  /2

  $9,000

  • Land
  • 0.08 Acre
  • $112,500 per Acre

  739 Mississippi Blvd Unit 42, 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

  739 Mississippi Blvd Unit 42, Memphis, TN 38126
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  /9

  $20,000

  • 3 Beds
  • 1.5 Baths
  • 1,056 Sq Ft

  3072 Saint Croix Place Unit 91, Memphis, TN 38127

  Investor special! This 3 bed, 1.5 bath townhouse is being sold AS-IS and is perfect for those looking to renovate and add value. Some remodeling has already been started, giving you a head start on the transformation. Property needs work and is not move-in ready—ideal for cash buyers only. With the right vision and updates, this home has great potential. Don’t miss this opportunity to bring it

  LaKendrea Hall Epique Realty

  3072 Saint Croix Place Unit 91, Memphis, TN 38127
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  /27

  $62,000

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  232 S Highland St Unit 109, Memphis, TN 38111

  First floor flat with lots of natural light, updated floors ,new carpet and walk in closet. Convenient to Midtown, East Memphis, and I-40; walking distance to University of Memphis. Secure building features gated parking, pool, exercise room, and party room with full kitchen. Priced to sell, and very easy to show.

  Linda Sowell Sowell, Realtors

  232 S Highland St Unit 109, Memphis, TN 38111
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  /12

  $120,000

  • 2 Beds
  • 1.5 Baths
  • 1,404 Sq Ft

  779 Chatwood Cove, Memphis, TN 38122

  Conveniently located duplex with two 2-bedroom, 1.5-bath units, both currently occupied. Great investment opportunity! Combined or individual offers on the units are welcome.

  John Quinn REMAX Experts

  779 Chatwood Cove, Memphis, TN 38122
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  /7

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,038 Sq Ft

  3825 Range Line Rd, Memphis, TN 38127

  Very nicely updated home on corner lot with large fenced back yard. Great starter home or a perfect house for retirement. Freshly painted inside with new wood flooring in living room/dining room, and new carpet in all bedrooms. New refrigerator and dishwasher in kitchen. New ceiling fans and light fixtures throughout. Call with questions or for an appointment today.

  Larry Alexander REMAX Experts

  3825 Range Line Rd, Memphis, TN 38127
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  /2

  $20,000

  • Land
  • 0.38 Acre
  • $52,632 per Acre

  0 Linwood Rd, Memphis, TN 38116

  Michelle Shelton The Peyton Co., Inc., REALTORS

  0 Linwood Rd, Memphis, TN 38116
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  /22

  $145,000

  • 11 Beds
  • 3,780 Sq Ft

  249 Caldwell Ave, Memphis, TN 38107

  No showings without an accepted offer. Offers must be contingent upon inspections. Please do not disturb tenants. Property is family occupied; no leases available. Cash or Conventional financing only. Property sold AS-IS, will be delivered vacant. Originally 8 - 1BR/1-BA units, now believed to be reconfigured into 2 units (3BR/2BA), 2 units (2BR/2BA), and 1 unit (1BR/1BA). Buyer to verify unit

  Cynthia Murrell The Regal Group

  249 Caldwell Ave, Memphis, TN 38107
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  /23

  $139,500

  • 3 Beds
  • 1 Bath
  • 1,441 Sq Ft

  3219 Nathan Ave, Memphis, TN 38112

  Great home in great location! This property was fully rehabbed in 2023 and these pictures are from the most recent rent ready. This property is currently rented for $1,395 and is cash flowing from day 1. This is priced at the 1% rent to price and will be an excellent addition for the savvy investor and also equity locked in at purchase. No showings without accepted offer and please do not disturb

  Stephen Akindona Kairos Realty

  3219 Nathan Ave, Memphis, TN 38112
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  /13

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  Beautifully updated 3BR/1BA home at 901 Chesterton Rd—currently tenant-occupied and producing rental income. Recent updates include exterior paint; repaired siding, soffit, fascia, porch, and concrete; new exterior lighting; fenced backyard; and refreshed landscaping with new plants and mulch. Interior improvements feature new flooring, drywall and ceiling repairs, fresh paint throughout, updated

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /6

  $75,000

  • 3 Beds
  • 2 Baths

  1397 Michigan St, Memphis, TN 38106

  Attention investors! This residential property is now available being sold as-is. This property offer strong value-add potential for fix-and-flip, rental portfolios, or long-term hold strategies. The following properties can be bought at a discounted rate: 1393 Michigan St 1397 Michigan St 1401 Michigan St Buy one or bundle all three for a potential discounted package deal. Highlights: • Sold

  Evelyn McCormick C21 Patterson & Assoc. Real Es

  1397 Michigan St, Memphis, TN 38106
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  /2

  $9,000

  • Land
  • 0.12 Acre
  • $75,000 per Acre

  258 Gaston Ave Unit 6, Memphis, TN 38106

  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

  258 Gaston Ave Unit 6, Memphis, TN 38106
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  /3

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,234 Sq Ft

  599 Blackhawk Rd, Memphis, TN 38109

  INVESTERS ONLY. Tenant occupied 4 bed 1.5 bath home. Rent is $1177/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 599 Blackhawk, 4394 Janssen, 4973 Longtree, 4395

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /11

  $93,000

  • 4 Beds
  • 2 Baths
  • 2,342 Sq Ft

  1534 E Raines Rd, Memphis, TN 38116

  Austin Rowe Onward Real Estate

  1534 E Raines Rd, Memphis, TN 38116
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  /7

  $129,900

  • 3 Beds
  • 1 Bath
  • 916 Sq Ft

  3646 Ridgemont Ave, Memphis, TN 38128

  Check out this completely renovated 3br/1ba home at a great price! Modern finishes, open layout, and stylish updates throughout. Fresh paint inside and out, charming wood shutters, covered parking, natural light with new windows, granite counter tops, custom vent hood, new flooring, renovated bathrooms, and kitchen. You will love the large lot! This home is move in ready.

  Crystal Mitchell Renshaw Company, REALTORS

  3646 Ridgemont Ave, Memphis, TN 38128
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  /2

  $60,000

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

  1234 Smith Ave, Memphis, TN 38107

  Versatile duplex offering one bed/one bath per side, each with $500–$600 rent potential. Stay as a duplex or combine into one home. Perfect for savvy investors or DIY buyers! Ideal for investors seeking rental income or buyers looking to customize. Sold “as is”; All showings require 24–48-hour notice; do not disturb current tenants

  Camilla Moss KAIZEN Realty, LLC

  1234 Smith Ave, Memphis, TN 38107
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  /13

  $62,500

  • 2 Beds
  • 1 Bath
  • 783 Sq Ft

  2681 Dunn Ave, Memphis, TN 38114

  Low Maintenance Home with Hardwood Floors and Tile ~ Vinyl Siding ~ Open Kitchen ~ Tiled Shower Walls~ Large Backyard ~ Ideal for First Time Home Buyer or Investment Property~ Rent Range $795

  Taj Schuerman Keller Williams Realty

  2681 Dunn Ave, Memphis, TN 38114
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  /2

  $125,000

  • 2 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is currently rented for $995/mo with a market rent of $1050/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 years.

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /6

  $60,000

  • Land
  • 0.05 Acre
  • $1,200,000 per Acre

  2046 E York St, Memphis, TN 38104

  Great lot right in the heart of development. Close to restaurants and brewery. Get in on all the development going on in this area. Possible Owner Financing!

  Bruce Johnson mlsAssist

  2046 E York St, Memphis, TN 38104
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  /4

  $150,000

  • Land
  • 0.53 Acre
  • $283,019 per Acre

  4150 E Shelby Dr, Memphis, TN 38118

  Lot located on end of Damascus at Shelby Dr. Good frontage with natural drainage. Adjacent to an industrial office. Access to gas/water/elec. Owner would like to sell one, two or all three parcels together. Make us an offer.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  4150 E Shelby Dr, Memphis, TN 38118
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  /2

  $18,500

  • Land
  • 0.14 Acre
  • $132,143 per Acre

  0 Douglass Ave, Memphis, TN 38114

  Eddie Parker Crye-Leike, Inc., REALTORS

  0 Douglass Ave, Memphis, TN 38114
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  /32

  $89,900

  • 4 Beds
  • 2 Baths
  • 1,519 Sq Ft

  1730 S Sutton Dr, Memphis, TN 38127

  This well-maintained 4-bedroom home features a single-level layout with all bedrooms located on the main floor. The interior includes a bright living area with ample natural light and a functional kitchen designed for everyday use. The rooms provide comfortable space for a variety of arrangements, and the flooring and finishes support easy maintenance. The exterior includes a spacious yard with

  Alexis Martz Trelora Realty

  1730 S Sutton Dr, Memphis, TN 38127
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  /18

  $89,000

  • 3 Beds
  • 2 Baths
  • 1,039 Sq Ft

  934 Alaska St, Memphis, TN 38107

  This property qualifies for City of Memphis Down Payment Assistance. If you’re looking for modern living with city convenience, this refreshed 3 bed 2 bath home is worth a look. Inside, you will find fresh paint, new flooring, updated lighting, and a modern kitchen with new cabinetry and countertops. Both bathrooms have been renovated with clean, contemporary finishes, offering comfort and

  Laurie Cooper Real Estate Agency

  934 Alaska St, Memphis, TN 38107

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