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

• 

  

  /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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  /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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  /32

  $89,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,083 Sq Ft

  4537 Whiteside St, Memphis, TN 38109

  This solid brick and vinyl residence, built in 1971, offers a functional 3-bedroom, 1-bathroom floor plan encompassing 1,083 sqft. The interior layout is well-suited for efficient living, while the exterior features an attached 1-car garage for secure parking and additional storage. The home is situated on a level 0.195-acre lot in the White Haven/Fairley area, providing a manageable and

  Tiffany Jones Trelora Realty

  4537 Whiteside St, Memphis, TN 38109
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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
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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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  /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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  /3

  $130,000

  • 3 Beds
  • 1.5 Baths
  • 1,548 Sq Ft

  3131 Curtis St, Memphis, TN 38118

  This property is leased at $1,245 per month through 3/31/2027, with a cash-on-cash return of 6.10% and a monthly cash flow of $198.30. "All investment figures are estimates and verified independently by buyer." Turnkey investment opportunity featuring a spacious 3-bedroom, 1.5-bath layout with approximately 1,548 SF of living space. This well-maintained brick home offers durable construction,

  James Wachob Foundation Property Management

  3131 Curtis St, Memphis, TN 38118
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  /8

  $95,000

  • 4 Beds
  • 1 Bath
  • 1,594 Sq Ft

  1627 Jay Cove, Memphis, TN 38127

  Take advantage of this reliable income-generating asset located in a high-demand rental corridor. This 4-bedroom, 1-bath property is currently leased at $1,275/month, providing immediate stability. With the current tenant on a month-to-month lease, this investment offers flexible exit strategies: maintain the existing cash flow or execute a strategic renovation to maximize rental returns. A

  Ashley Campbell Advantage Property Management

  1627 Jay Cove, Memphis, TN 38127
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  /29

  $75,000

  • 1 Bed
  • 1 Bath
  • 589 Sq Ft

  3589 Covington Pike Unit 112, Memphis, TN 38128

  This 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. The large Atrium is a gathering spot for games and activities. There is a dining room for evening meals if you choose. You can have a pet in this unit. size is limited to 30lbs at maturity for dogs and limit of two. Other animals are

  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, with a cash-on-cash return of 7.34% and a monthly cash flow of $230.82. 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

  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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  /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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  /5

  $39,900

  • 4 Beds
  • 1 Bath
  • 1,072 Sq Ft

  1339 N Willett St, Memphis, TN 38108

  Investor Special / Full Rehab Opportunity in North Memphis, currently boarded & needs full renovations & best suited for experienced investors, flippers, cash buyers, or landlords. Located near Hyde Park/Hollywood, Chelsea Ave, Gooch Park, Klondike, Crosstown, Downtown Memphis, St. Jude, the Medical District, MATA bus routes, schools, parks, & major job corridors. Similar renovated homes in the

  Glenn McDonald Integrated Assets

  1339 N Willett St, Memphis, TN 38108
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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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  /2

  $135,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,112 Sq Ft

  4401 Quince Rd, Memphis, TN 38117

  15k price reduction! 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. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes

  William Haynes Crye-Leike, Inc., REALTORS

  4401 Quince Rd, Memphis, TN 38117
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  /2

  $5,000

  $5K PRICE DROP

  • Land
  • 4,356 Sq Ft
  • $50,000 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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  /6

  $55,000

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  1102 Chicago Ave, Memphis, TN 38107

  Three bedroom, two bath home. Built in pit for grilling. Storage shed can be used as additional rental space. Great investment property. Being sold As Is.

  Felicia Carey Crye-Leike, Inc., REALTORS

  1102 Chicago Ave, Memphis, TN 38107
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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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  /13

  $60,000

  $20K PRICE DROP

  • 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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  /32

  $129,900

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

  5718 Quince Rd Unit 13, Memphis, TN 38119

  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 private

  Marina Brinkley Coldwell Banker Collins-Maury

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

  $15,000

  $5K PRICE INCREASE

  • Land
  • 6,098 Sq Ft
  • $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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  /30

  $130,000

  • 3 Beds
  • 1 Bath
  • 975 Sq Ft

  1068 Buckner Rd, Memphis, TN 38122

  Solid brick 3 bed, 1 bath home in the Berclair area offering strong potential for investors and owner-occupants alike. Utilities are on, and a substantial amount of renovation materials are already on-site and included with the sale—estimated to bring the home to approximately 80% completion. At 975 sqft, the property features a functional layout on a level lot with a spacious backyard and

  Elliot Cerezo The Home Partners Realty

  1068 Buckner Rd, Memphis, TN 38122
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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. Book your tour today! This would make a lovely home or

  William Haynes Crye-Leike, Inc., REALTORS

  580 Blackhawk Rd, Memphis, TN 38109
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  /15

  $84,900

  • 3 Beds
  • 2 Baths
  • 1,225 Sq Ft

  3795 Black Forest Dr, Memphis, TN 38128

  This residential home has 3 bedrooms, 2 baths and is located in a quiet and established suburban neighborhood in Memphis. Home has approximately 1225 sq ft, nice back yard. The area offers convenient access to nearby schools, grocery stores, parks, and major roadways, making daily errands and commuting simple and efficient.

  Alexis Martz Trelora Realty

  3795 Black Forest Dr, Memphis, TN 38128
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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

  $99,900

  • 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.

  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

  This property is leased at $865 per month (10,380 annually) through 08/16/2026, with a cash-on-cash return of 6.51% and a monthly cash flow of $143.79. "All investment figures are estimates and verified independently by buyer." 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

  James Wachob Foundation Property Management

  1428 Smythe Ave Unit 58, Memphis, TN 38114
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  /8

  $125,000

  • 2 Beds
  • 1.5 Baths
  • 1,369 Sq Ft

  3100 Signal St, Memphis, TN 38127

  ATTENTION INVESTORS! This 3 bedroom, 1 bathroom brick home was recently refreshed and is rented for $1,050/month. Lease is good until 11/30/2026. Tenant is current with rent and pays on time each month. Home features spacious den with fireplace, 1 car garage, walk up attic for convenient storage, large back yard, convenient location and many other amenities that will keep this home in consistent

  Jeremy Veldman KAIZEN Realty, LLC

  3100 Signal St, Memphis, TN 38127
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  /2

  $149,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,286 Sq Ft

  4566 Fawn Hollow Cove, Memphis, TN 38141

  Motivated seller offering an occupied, income-producing investment property—currently rented at $1,425/month with an active lease through 9/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4305 Creekbed Cv. listed at $155,000 rented at $1169 and 4529 Country Brook Dr. listed at $150,000 and rented at $1350. Sold AS-IS. Do not disturb tenant. Inspection

  James Johnson Crestcore Realty, LLC

  4566 Fawn Hollow Cove, Memphis, TN 38141
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  /35

  $119,900

  $10K PRICE DROP

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

  3372 Spring Shadow Dr, Memphis, TN 38118

  Contemporary 3-bedroom, 2-bathroom ranch in the established Easthaven community. This move-in-ready 1,316 sq. ft. home features a functional open layout, cozy stone fireplace, and a private 1-car garage. Situated on a manageable 0.18-acre lot with a timeless partial-stone exterior. Ideal for those seeking a blend of classic Memphis charm and modern convenience. Schedule your showing today!

  Alexis Martz Trelora Realty

  3372 Spring Shadow Dr, Memphis, TN 38118
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  /6

  $72,000

  • 2 Beds
  • 1 Bath
  • 1,133 Sq Ft

  2370 Boyle Ave, Memphis, TN 38114

  2 bedroom 1 bath home located in desirable Bethel Grove area. This property offers great potential and just needs a little TLC. Features include central heating and air, dishwasher and detached garage for additional storage or parking and fence surrounding front and backyard. Whether you've a first-time home buyer or investors, a great opportunity to add your personal touch and create the home

  Lisa Townsend BEST Real Estate Company

  2370 Boyle Ave, Memphis, TN 38114
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  /2

  $30,000

  $5K PRICE DROP

  • Land
  • 5,227 Sq Ft
  • $250,000 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
• 

  

  /15

  $42,000

  • 1 Bed
  • 1 Bath
  • 686 Sq Ft

  2868 Choctaw Ave, Memphis, TN 38114

  Investors! Welcome to a lovely 1 Bed/1 Bath rental that is cash flowing at $695 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease is for $725/mo and runs through 10/31/2026, so don't miss this opportunity to expand your portfolio!

  Joshua Cooper Sowell, Realtors

  2868 Choctaw Ave, Memphis, TN 38114

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