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

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  /9

  $95,000

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  679 Miles Dr, Memphis, TN 38111

  Great Investment Opportunity! Gated Community! 2 Bedroom Townhouse. Common Laundry Room. 2 Blocks from the University of Memphis. 1 Block from the Highland Strip with Food, Bars & Shopping. Cosmetic work needed, but a Steal at this Price. Sold "as is". Other properties available for a possible package deal.

  Danny Lipsey Keller Williams

  679 Miles Dr, Memphis, TN 38111
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  /2

  $22,000

  • Land
  • 0.18 Acre
  • $122,222 per Acre

  1040 Rozelle St, Memphis, TN 38114

  Opportunity to build your next investment property or home.

  Andre Pruitt TRG Real Estate Services, LLC

  1040 Rozelle St, Memphis, TN 38114
• 

  

  

  /25

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,180 Sq Ft

  695 Harahan Rd, Memphis, TN 38109

  Welcome Home!!! A charming 3-bedroom, 1-bathroom residence with nearly 1,200 sq ft of living space. Ideal for first-time buyers or investors looking for value. Reach out to schedule your private showing.

  Devarrio Lakes Keller Williams

  695 Harahan Rd, Memphis, TN 38109
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  /2

  $10,000

  • Land
  • 0.27 Acre
  • $37,037 per Acre

  1303 S Orleans St, 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

  1303 S Orleans St, Memphis, TN 38106
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  /2

  $10,000

  • Land
  • 0.13 Acre
  • $76,923 per Acre

  2691 Byrd Ave, Memphis, TN 38114

  Raw land, perfect for development, low traffic residential area. Come build your dream home! Lot of possibilities. Owner is also 1882 Mitchell. Property is being offered at a good price and is on a quiet street. Could be a great long term hold. Property was previously bought at a tax sale, title insurance may be difficult to obtain (you can make offer contingent on obtaining title insurance).

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2691 Byrd Ave, Memphis, TN 38114
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  /2

  $12,000

  • Land
  • 0.36 Acre
  • $33,333 per Acre

  208 E Biscayne Rd, Memphis, TN 38109

  Great opportunity to build or invest in South Memphis! Level lot in a quiet neighborhood, just minutes from I-55 and downtown. Convenient to schools, parks, and local amenities. Perfect for a new build, rental, or long-term hold.

  Joshua Moss KAIZEN Realty, LLC

  208 E Biscayne Rd, Memphis, TN 38109
• 

  

  /5

  $100,000

  • 3 Beds
  • 2 Baths
  • 984 Sq Ft

  1353 Gill Ave, Memphis, TN 38106

  There is additional home on the property with 1bed/1bath kitchenette and living room.

  Donita Ingram-Brim Doorstep Realty

  1353 Gill Ave, Memphis, TN 38106
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  /2

  $89,000

  • 2 Beds
  • 1 Bath
  • 1,280 Sq Ft

  1373 Russwood Rd, Memphis, TN 38108

  This investment property is rented for $850/mo. Incredible opportunity available with tremendous cash flow and huge potential upside! 21 property package available. Homes can be bought individually or in bulk. Total portfolio list price is $2.525M, total current rent is $17,785/mo, total est market rent is $26,365, est ARV of full package is $3.155M. All homes are professionally managed. Most all

  William Haynes Crye-Leike, Inc., REALTORS

  1373 Russwood Rd, Memphis, TN 38108
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  /13

  $133,000 Open Sun 2PM - 4PM

  • 3 Beds
  • 2 Baths
  • 1,217 Sq Ft

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming 3-bedroom, 2-bath home situated in an established neighborhood known for its friendly community. Ideal for first-time buyers or those looking to downsize, with space to grow. Major improvements include an 8-year-old roof, interior A/C unit less than 5 years old, and a hot water heater only 11⁄2 years old. The primary and secondary bathrooms have been updated with new tile. Refrigerator,

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
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  /33

  $129,900

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

  4553 Neely Rd, Memphis, TN 38109

  Welcome to this charming 1960s-built ranch that perfectly blends classic character with essential modern comforts. Spanning 1,280 square feet, this meticulously maintained 3-bedroom, 2-bathroom home features gorgeous original hardwood flooring throughout the main living areas, adds a warm and timeless aesthetic. The heart of the home is the spacious kitchen and dining combination, complete with

  Tiffany Jones Trelora Realty

  4553 Neely Rd, Memphis, TN 38109
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  /2

  $19,900

  • Land
  • 0.63 Acre
  • $31,587 per Acre

  3536 Winston Dr, Memphis, TN 38127

  Great lot for new construction. This lot is leveled with street access

  Crystal Mitchell Renshaw Company, REALTORS

  3536 Winston Dr, Memphis, TN 38127
• 

  

  /5

  $95,000

  • 2 Beds
  • 2 Baths
  • 909 Sq Ft

  3589 Covington Pike Unit 424, Memphis, TN 38128

  Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 2 bedroom 2 bath. Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant, pest control, termite contract, activities program, 24-hour staff on duty, gated, 24-hour emergency maintenance and more.

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 424, Memphis, TN 38128
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  /34

  $94,900

  • 4 Beds
  • 2 Baths
  • 1,085 Sq Ft

  691 Creekstone Cir, Memphis, TN 38127

  1,085 sq ft ranch-style home, perfectly situated on a 0.195-acre lot in the heart of Memphis. Built in 1979, this 4-bedroom, 2-bathroom residence offers an ideal blend of classic charm and modern updates, featuring a durable vinyl siding exterior accented by large, decorative stone siding. Step onto the inviting covered front porch before entering a home that boasts gorgeous hardwoods throughout

  Tiffany Jones Trelora Realty

  691 Creekstone Cir, Memphis, TN 38127
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  /3

  $78,000

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  761 Harahan Rd, Memphis, TN 38109

  Investment Home. Three-bedroom, one-bathroom home is a strong investment opportunity offering reliable monthly rental income. The property is tenant-occupied and already cash flowing, providing immediate returns for the new owner. With a practical layout and consistent rental history, this home is well positioned as a low-maintenance addition to any portfolio.

  Terrance Hill eXp Realty, LLC

  761 Harahan Rd, Memphis, TN 38109
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  /2

  $7,000

  • Land
  • 0.07 Acre
  • $100,000 per Acre

  598 Arrington Ave, Memphis, TN 38107

  Great lot for new construction. This lot is leveled with street access and curb cut

  Crystal Mitchell Renshaw Company, REALTORS

  598 Arrington Ave, Memphis, TN 38107
• 

  

  /10

  $107,000

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4530 Beacon Hill Dr, Memphis, TN 38127

  Fully renovated 3-bedroom, 1-bath home featuring a new roof, windows, flooring, fresh interior and exterior paint, updated bathroom, and new light fixtures throughout. Property is associated with 2851 Carnes Ave and may be purchased individually or as a package. No seller financing or contract assignments. Don’t miss this opportunity!

  Bernard Evans 4 Success Realty, LLC

  4530 Beacon Hill Dr, Memphis, TN 38127
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  /40

  $133,800

  • 2 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  232 S Highland St Unit 608, Memphis, TN 38111

  "The Edinborough" is the lifestyle that you want to live in the heart of Memphis with a 24/7 Doorman. ( 3% closing costs help w/ a full price offer)This exclusive 2 bedroom, 2 bath condominium has a 6th floor corner view of the swimming pool. Close to White Station Schools & The University of Memphis. Lots of countertop & cabinet space in kitchen. New hot water heater, new floor in dr, new

  Robert Farris Crye-Leike, Inc., REALTORS

  232 S Highland St Unit 608, Memphis, TN 38111
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  /2

  $95,000

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  759 Brandywine Blvd, Memphis, TN 38127

  Great opportunity to own a solid 3-bedroom, 1-bath investment property. Perfect for rental income or a fix-and-flip project. Features include a spacious layout, potential for upgrades, and a strong rental market nearby. Don’t miss out on this promising investment. Please include proof of funds.

  Lakesha Lilly Leatherwood The Home Partners Realty

  759 Brandywine Blvd, Memphis, TN 38127
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  /2

  $5,000

  • Land
  • 0.06 Acre
  • $83,333 per Acre

  1421 College St, Memphis, TN 38106

  Live in the heartbeat of Memphis: music, culture, and history at every corner. Don't miss out on the chance to make history in south Memphis! Wow what a great opportunity. pc# 014037 00042 Just miles away: Mississippi Boulevard Christian Church + Meharry Medical College launch a $310M Midtown makeover—big growth is coming!

  Karen Walker Epique Realty

  1421 College St, Memphis, TN 38106
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  /34

  $79,900

  • 3 Beds
  • 1 Bath
  • 950 Sq Ft

  2136 Pamela Dr, Memphis, TN 38127

  Welcome to 2136 Pamela Dr, a classic 950 sq. ft. ranch-style home located in the heart of the 38127 ZIP code. This well-constructed residence features a timeless brick exterior and sits on a manageable 0.150-acre level lot. The interior is highlighted by original hardwood flooring that runs throughout the main living areas and bedrooms, offering a clean and durable aesthetic. The functional

  Tiffany Jones Trelora Realty

  2136 Pamela Dr, Memphis, TN 38127
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  /4

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,107 Sq Ft

  553 Josephine St, Memphis, TN 38111

  Potential Short Sale!! Home in need of repair Beautiful Home! Perfect for first time homebuyers or empty nesters. Located near University of Memphis and Midtown that’s full of restaurants shopping. Schedule your showings today

  Travis Patterson C21 Patterson & Assoc. Real Es

  553 Josephine St, Memphis, TN 38111
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  /13

  $74,000

  • 2 Beds
  • 1 Bath
  • 819 Sq Ft

  1863 Marjorie St, Memphis, TN 38106

  Great cash flowing home. 2 bed, 1 bath property available! Currently MHA tenant occupied at $1136/month. Do not disturb tenants! AC Unit installed 2025, Heater installed 2024. Do not miss out on this one!

  Marissa Miller The Stamps Real Estate Company

  1863 Marjorie St, Memphis, TN 38106
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  /11

  $120,000

  • 2 Beds
  • 1 Bath
  • 1,043 Sq Ft

  3580 Allandale Ln, Memphis, TN 38111

  REDUCED!!! Move in ready!!! Cute cottage home in sought after Sherwood Forest Subdivision. Great for first time homebuyer. Down Payment assistance may be available with local lenders. Recent interior paint and new laminate floor installed in bedroom. Close to schools, and interstate. Large fenced in back yard. Cute cottage home for first time homebuyer or investor. Lovely Sherwood Forest Walking

  Toni Withers Stewart Crye-Leike, Inc., REALTORS

  3580 Allandale Ln, Memphis, TN 38111
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  /2

  $114,900

  • 3 Beds
  • 1 Bath
  • 979 Sq Ft

  4224 Arrowhead Rd, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $1,100/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4224 Arrowhead Rd, Memphis, TN 38118
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  /2

  $12,500

  • Land
  • 0.17 Acre
  • $73,529 per Acre

  670 E Alston Ave, Memphis, TN 38126

  Prime land opportunity! Discover the perfect spot for your next project! This spacious lot offers endless possibilities | whether you're looking to build your dream home, invest, or develop. Located in a desirable area with easy access to amenities, this is a rare opportunity you don't want to miss! Contact us today for details! Owner / Agent

  James Wachob Foundation Property Management

  670 E Alston Ave, Memphis, TN 38126
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  /2

  $15,000

  • Land
  • 0.72 Acre
  • $20,833 per Acre

  00 Blackburn Ave, Memphis, TN 38127

  This lot is on the right. The other lot next to is also available and can be purchased together as a package deal or separately. Both can be built on and have access to all major public utilities. Show anytime. Sign in area with lots.

  Latonya Wilson Keller Williams

  00 Blackburn Ave, Memphis, TN 38127
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  /2

  $45,000

  • Land
  • 0.04 Acre
  • $1,125,000 per Acre

  387 Leath St, Memphis, TN 38105

  James Walker REMAX Experts

  387 Leath St, Memphis, TN 38105
• 

  

  /13

  $100,000

  • 2 Beds
  • 1 Bath
  • 908 Sq Ft

  1023 Parkland Rd, Memphis, TN 38111

  Excellent opportunity for buyers seeking steady rental income $1,000/month rent | Lease ends 12/01/2026. Stable tenant, strong rental demand, and great passive income potential. Situated on a generous 0.25-acre lot, just minutes from the University of Memphis. Lease and Ledger available on request.

  Lakesha Lilly Leatherwood The Home Partners Realty

  1023 Parkland Rd, Memphis, TN 38111
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  /2

  $88,000

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4282 Westmont Rd, Memphis, TN 38109

  This well maintained home is perfect for starters. Hardwood floors in hall and bedrooms, beautiful title in kitchen, carpet in Livingroom. C/A and heat, fenced in back yard, washer & Dryer connections. This home is move in ready. Pictures to follow.

  Joe Payne The Peyton Co., Inc., REALTORS

  4282 Westmont Rd, Memphis, TN 38109
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  /2

  $44,500

  • 4 Beds
  • 2 Baths
  • 1,148 Sq Ft

  1437 Kimball Ave, Memphis, TN 38106

  Apart of a 22 house package. Great opportunity for rental income. Reach out to agent for more information on package!

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  1437 Kimball Ave, Memphis, TN 38106
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  /16

  $115,000

  • 3 Beds
  • 1.5 Baths
  • 1,016 Sq Ft

  2380 Hillside Ave, Memphis, TN 38127

  Great brick home with a fully fenced large yard, features a 2-car carport with a spacious storage room. Acclaim double hung windows installed in 2025 in bedrooms, half bath and living room, aluminum storm door installed in 2023, and beautiful hardwood floors throughout living room, hallway and primary bedroom and 2nd bedroom. Roof is 6 years old. Refrigerator and stove to remain AS-IS (working

  Ana Ortiz Perales REMAX Experts

  2380 Hillside Ave, Memphis, TN 38127
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  /15

  $119,900

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  Raychel Day Renshaw Company Realtors

  829 Josephine St, Memphis, TN 38114
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  /21

  $51,500

  • 3 Beds
  • 1 Bath
  • 1,092 Sq Ft

  714 Spring St, Memphis, TN 38112

  Investor Special! Prime Fix & Flip Opportunity! Vacant property ready for a full renovation. Ideal for experienced investors looking for next value-add project. Property requires updates to all major systems and full cosmetic rehab — perfect for a complete transformation. Strong ARV potential based on recent renovated sales in the area. Great opportunity to maximize equity through a full remodel.

  Daniel Demers Sell Your Home Services, LLC

  714 Spring St, Memphis, TN 38112
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  /2

  $80,000

  • 3 Beds
  • 1 Bath
  • 1,014 Sq Ft

  3791 Marvin St, Memphis, TN 38127

  Charming 3BR/1BA Home~Currently Tenant Occupied~Tenant's Rent is $800/mo~Professionally Managed by Local PM Company~Seller is also selling 2933 N Radford ($70k), 4097 Mossville($90k) and 1898 McLemore ($107,500). Seller is not interested in creative financing offers or owner financing offers. Please do not disturb tenants. Write offer contingent on viewing/inspections.

  Jennifer Carstensen Real Estate Agency

  3791 Marvin St, Memphis, TN 38127
• 

  

  /23

  $105,000

  • 3 Beds
  • 2 Baths
  • 1,705 Sq Ft

  3158 Ford Rd, Memphis, TN 38109

  Solid brick 3-bedroom, 2-bath home with great bones and a spacious layout. Sitting beautifully on a private, level lot with a large backyard perfect for outdoor living with a covered patio ready for gatherings or quiet evenings. Inside you’ll find a functional floor plan with room to personalize and update to your style. Whether you're a first-time buyer looking to build equity or an investor

  Elliot Cerezo The Home Partners Realty

  3158 Ford Rd, Memphis, TN 38109
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  /13

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  5001 Frankie Ln, Memphis, TN 38109

  A cute home, an excellent investment property opportunity or for a buyer looking for the perfect fixer upper. A split bedroom floorplan, with 2 bedrooms down and 2 bedrooms upstairs. Seller has done a minor refresh with new interior paint and new laminate flooring. Five minutes from the interstate and local shopping. A block away from the Links at Whitehaven Golf and Country Club.

  Linitra Washington KAIZEN Realty, LLC

  5001 Frankie Ln, Memphis, TN 38109
• 

  

  /5

  $65,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  2768 Burns Ave, Memphis, TN 38114

  Investment opportunity. Seller is liquidating her portfolio. Tenant occupied. Please do not disturb tenants. All appts will be made thru the agent. 2 bdrm & 1 Bthrm home with lots of potential. Long term Tenant has been paying $600. a month. She's also selling 2764 Burns Ave. & 2481 Kimball Ave. She will possible offer a package deal. Please call me for more details.

  Francyetta Seward C21 Patterson & Assoc. Real Es

  2768 Burns Ave, Memphis, TN 38114
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  /10

  $94,900

  • 3 Beds
  • 1 Bath
  • 1,162 Sq Ft

  3246 Chisca Ave, Memphis, TN 38111

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38111 area. Cash flowing with a monthly rental amount of $1,040/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3246 Chisca Ave, Memphis, TN 38111
• 

  

  /17

  $65,000 Coming Soon

  • 3 Beds
  • 2 Baths
  • 1,685 Sq Ft

  4797 Myrlen Dr, Memphis, TN 38118

  Great investment with cash flow. Welcome to this charming 3-bedroom, 2-bath condo nestled in the heart of East Memphis! Each bedroom is generously sized, and the two full bathrooms provide convenience for all. Enjoy the outdoors with a private, fenced-in patio – perfect for relaxing or hosting gatherings. With two covered parking spaces. Home is leased for $1,000 a month, lease ends 03/2026.

  larrian currie One Stop Global Realty

  4797 Myrlen Dr, Memphis, TN 38118
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  /4

  $15,000

  • Land
  • 0.17 Acre
  • $88,235 per Acre

  538 King Rd, Memphis, TN 38109

  A great lot in an up and coming area! Foundation from old building still on lot for easy building! Drive out anytime!

  Amy Patterson Crye-Leike, Inc., REALTORS

  538 King Rd, Memphis, TN 38109

Showing Results 441 - 480, Page 12 of 18