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

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  /13

  $119,000

  • 4 Beds
  • 1 Bath
  • 1,052 Sq Ft

  1889 Marjorie St, Memphis, TN 38106

  Recently updated 4 bedroom, 1 bath home in a great location. Do not miss out on this opportunity!

  Marissa Miller The Stamps Real Estate Company

  1889 Marjorie St, Memphis, TN 38106
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  /11

  $139,900

  $9K PRICE DROP

  • 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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  /12

  $122,000

  • 3 Beds
  • 2 Baths
  • 1,330 Sq Ft

  4109 Knob Dr, Memphis, TN 38127

  GREAT INVESTOR OPPORTUNITY!!! NEW ROOF, NEW PAIINT, NEW LIGHT FIXTURES, NEW HVAC, NW WATER HEATER, NEW FLOORING, AND MORE.

  Fredrick Cunningham Keller Williams

  4109 Knob Dr, Memphis, TN 38127
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  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  This property is leased at $955 per month ($11,460 annually) through 02/28/2027, with a cash-on-cash return of 4.81% and a monthly cash flow of $135.31. "All investment figures are estimates and verified independently by buyer." Investor opportunity featuring a well-maintained 3-bedroom, 1-bath home with a functional single-level layout and strong long-term rental appeal. Situated on a quiet

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /2

  $5,000

  • Land
  • 3,049 Sq Ft
  • $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

  $115,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  3517 N Watkins St, Memphis, TN 38127

  Investment opportunity. 3 bedr. 1 bath. .$1,450 per month rent

  Harry Samuels Pinnacle Realty

  3517 N Watkins St, Memphis, TN 38127
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  /29

  $130,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,198 Sq Ft

  3066 Redbud Rd, Memphis, TN 38109

  Investment opportunity with two separate units and strong rent potential!! Unit 3066 has been updated and is 3 bedrooms and 2 baths, offering increased livable space (Bonus Room) and higher rent capacity. Unit 3068 requires repairs and updates. After renovations, each unit is projected to lease for approximately $1,400–$1,550 per month with Section 8, based on current area rental rates. Property

  Donnie Morrow eXp Realty, LLC

  3066 Redbud Rd, Memphis, TN 38109
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  /2

  $78,800

  • Land
  • 7,405 Sq Ft
  • $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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  /2

  $132,900

  • 3 Beds
  • 2 Baths
  • 1,768 Sq Ft

  4232 Bacon St, Memphis, TN 38128

  Don't miss this opportunity to grab a cash-flowing investment property located in Raleigh near tons of jobs and commerce. This property has over 1700 sq ft so it will stay in demand with the tenant base. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4232 Bacon St, Memphis, TN 38128
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  /2

  $90,000

  $20K PRICE DROP

  • Land
  • 10,890 Sq Ft
  • $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

  $6,800

  $4K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $85,000 per Acre

  739 Mississippi Blvd Unit 42, Memphis, TN 38126

  Portfolio List Price: $185,000 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

  Austin Rowe Onward Real Estate

  739 Mississippi Blvd Unit 42, Memphis, TN 38126
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  /2

  $9,000

  • Land
  • 6,969 Sq Ft
  • $56,250 per Acre

  1391 Nicholas St, Memphis, TN 38107

  Why buy someone else’s dream when you can create your own? Vacant land in 38107 is your blank canvas! pc# 039019 00014 Growth alert: $310M Midtown redevelopment by Mississippi Boulevard Christian Church & Meharry Medical College—just minutes from this land!

  Karen Walker Epique Realty

  1391 Nicholas St, Memphis, TN 38107
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  /14

  $102,500

  • 3 Beds
  • 1 Bath
  • 1,222 Sq Ft

  1450 Lambert St, Memphis, TN 38108

  INvestor Alert! An awesome opportunity to add to your portfolio. This cozy home spans 1,222 square feet and features three bedrooms and one bathroom, offering ample living space without breaking the bank. Located at the quiet end of a cove, the property promises a peaceful living environment, a single-family house available for purchase, ideally suited for buyers looking for a budget-friendly

  James Johnson KAIZEN Realty, LLC

  1450 Lambert St, Memphis, TN 38108
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  /28

  $125,000

  • 1 Bed
  • 1 Bath
  • 741 Sq Ft

  1960 N Parkway Unit 205, Memphis, TN 38112

  Amazing Remodeled Unit on the Second Floor!!!! Beautifully Designed One Bedroom condo Furnished, and Offers a perfect blend of Space, Natural Light, Convenience, and Effortless Urban Living! New Flooring, Updated Kitchen Surfaces, Oven, Dishwasher, Updated Bathroom! Has HUGE Walk In Closet and Spacious Bedroom!!! The Maintenance Fee includes Water and Electric, Building Insurance, 24/7 Access

  Bill Malone Crye-Leike, Inc., REALTORS

  1960 N Parkway Unit 205, Memphis, TN 38112
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  /12

  $120,000

  $10K PRICE DROP

  • 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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  /12

  $60,000

  • 2 Beds
  • 1 Bath
  • 810 Sq Ft

  105 N Belvedere Blvd Unit 6, Memphis, TN 38104

  Awesome opportunity in Midtown for an investor or owner occupant! This second-story condo features gas cooking and in-unit washer and dryer. For those looking for an investment property, this unit was previously rented for $1,075 per month. PACKAGE OPPORTUNITY! Seller would consider selling with: 45 N Belvedere #108, tenant occupied paying $550 per month on a month-to-month lease listed for $40k;

  Lauren Waites Real Estate Agency

  105 N Belvedere Blvd Unit 6, Memphis, TN 38104
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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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  /10

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  This property is leased at $975 per month through 02/05/2027, with a cash-on-cash return of 5.97% and a monthly cash flow of $189.20. Comprehensively renovated with a focus on durability and efficiency, this property offers strong long-term rental appeal. Key improvements include a new HVAC condenser, fully updated kitchen with new cabinetry and fixtures, repaired and refreshed flooring, and

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /10

  $125,000

  • 3 Beds
  • 1 Bath
  • 968 Sq Ft

  3276 Ashland St, Memphis, TN 38127

  This property is leased at $1,050 per month through 06/30/2027, with a cash-on-cash return of 4.57% and a monthly cash flow of $143.63. Fully renovated investment property designed for durability and strong rental performance. Key upgrades include a brand-new HVAC system with updated plenum and ductwork, a new water heater, and full flooring replacement with subfloor repairs where needed.

  James Wachob Foundation Property Management

  3276 Ashland St, Memphis, TN 38127
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  /6

  $75,000

  • 3 Beds
  • 2 Baths

  1399 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 1399 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

  1399 Michigan St, Memphis, TN 38106
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 5,227 Sq Ft
  • $63,750 per Acre

  258 Gaston Ave Unit 6, Memphis, TN 38106

  Portfolio List Price: $185,000 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

  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 4973 Longtree, 4395 Ann Arbor, and 80 E. Bodley

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /8

  $129,900

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  646 Leacrest Ave, Memphis, TN 38109

  You wouldn't be looking at this if you weren't searching for a new home—and congratulations, you may have just found it. Welcome to this refreshed 3-bedroom, 1-bath home in Chickasaw Village, offering the perfect blend of comfort, value, and opportunity. Whether you're a first-time homebuyer or an expanding family looking for more space, this move-in ready home is ready for its next chapter.

  Laszlo Nguyen Heckler eXp Realty, LLC

  646 Leacrest Ave, Memphis, TN 38109
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  /13

  $115,000

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  3553 Julia St, Memphis, TN 38127

  This property is leased at $975 per month ($11,700 annually) through 03/05/2028. "All investment figures are estimates and verified independently by buyer." Well-maintained brick home offering a strong addition to any investment portfolio. This 3-bedroom property features durable hard-surface flooring throughout, a bright and functional layout, central heat and air, and an updated kitchen with

  James Wachob Foundation Property Management

  3553 Julia St, Memphis, TN 38127
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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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  /10

  $115,000

  $10K PRICE DROP

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

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! 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 have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /34

  $94,900

  • 3 Beds
  • 2 Baths
  • 1,097 Sq Ft

  4067 Grantham Rd, Memphis, TN 38109

  Constructed in 1953, this 1,097 sqft single-story residence features a brick and vinyl exterior situated on a spacious 0.395-acre corner lot. The interior floor plan includes 3 bedrooms and 2 bathrooms, highlighted by original hardwood flooring throughout the main living areas and bedrooms. The kitchen provides a functional workspace and includes a 6x9 breakfast nook, which leads to a dedicated

  Tiffany Jones Trelora Realty

  4067 Grantham Rd, Memphis, TN 38109
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  /18

  $115,000

  • 1 Bed
  • 1 Bath
  • 1,040 Sq Ft

  3080 Walnut Grove Rd Unit 306, Memphis, TN 38111

  Fantastic Condominium at The Commodore, a Midrise Condominium project. Midcentury vibes start as you drive in and enter into the beautifully designed lobby that welcomes your guest with great appeal. 3rd floor condominium facing the back of property for privacy and quietness w/ private balcony. 1 Bedroom 1 bath, great location. New bamboo wood flooring, New Paint and fixtures. Spa bathroom.

  John Brawner 1 Percent Lists Midsouth

  3080 Walnut Grove Rd Unit 306, Memphis, TN 38111
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  /10

  $90,000

  $5K PRICE DROP

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

  679 Miles Dr, Memphis, TN 38111

  OWNER FINANCING AVAILABLE! 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

  $13K PRICE DROP

  • Land
  • 7,840 Sq Ft
  • $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
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  /3

  $124,900

  $100K PRICE DROP

  • 8 Beds
  • 4 Baths
  • 1,392 Sq Ft

  1218 Ethel St, Memphis, TN 38114

  Each unit - 4 bedrooms - 2 baths, Ready to Sell. Repairs needed

  Tina Black Assured Real Estate Services

  1218 Ethel St, Memphis, TN 38114
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  /3

  $10,000

  • Land
  • 3,484 Sq Ft
  • $125,000 per Acre

  3046 Mcadoo Ave Unit 21, Memphis, TN 38112

  Opportunity to build your next investment property or home. Community right off of the greenline.

  Andre Pruitt TRG Real Estate Services LLC

  3046 Mcadoo Ave Unit 21, Memphis, TN 38112
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 11,761 Sq Ft
  • $28,333 per Acre

  1303 S Orleans St, Memphis, TN 38106

  Portfolio List Price: $185,000 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

  Austin Rowe Onward Real Estate

  1303 S Orleans St, Memphis, TN 38106
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  /2

  $7,500

  $5K PRICE DROP

  • Land
  • 15,681 Sq Ft
  • $20,833 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
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  /5

  $90,000

  $10K PRICE DROP

  • 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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  /31

  $149,900

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  2277 Union Ave Unit 611, Memphis, TN 38104

  Corner unit 2BR/2BA Mayfair condo in Midtown Memphis with sunlit southern-exposure balcony, shimmering pool, elegant lobby, convenient mail center and laundry room, plus available covered parking. Steps from Overton Square, top restaurants, and Fresh Market for effortless everyday living, and all on one level. Some photos are virtually staged to illustrate furnishing potential and layout.

  Thomas Murphree Marx-Bensdorf, REALTORS

  2277 Union Ave Unit 611, Memphis, TN 38104
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  /13

  $124,500

  $11K PRICE DROP

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

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming, move-in ready 3-bedroom, 2-bath home in a well-established neighborhood known for its friendly community and convenient living. Perfect for first-time buyers or those looking to downsize without sacrificing comfort, this home offers both functionality and room to grow. Recent updates provide peace of mind, including an 8-year-old roof, interior A/C unit less than 5 years old, and a hot

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
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  /33

  $109,900

  $20K PRICE DROP

  • 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

  Christopher Stjernholm Trelora Realty

  4553 Neely Rd, Memphis, TN 38109
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  /16

  $135,000

  $35K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,193 Sq Ft

  3417 Coleman Ave, Memphis, TN 38122

  Charming 3BR/2BA home featuring beautiful hardwood floors and a spacious, open living and dining area. Updated kitchen with solid surface countertops and a separate dining room perfect for entertaining. Bedrooms are generously sized, and the large laundry room offers additional flexibility with natural light from a window. Outside, enjoy a good-sized backyard along with a garage and

  Marina Brinkley Coldwell Banker Collins-Maury

  3417 Coleman Ave, Memphis, TN 38122
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  /11

  $125,000

  • 2 Beds
  • 1 Bath
  • 824 Sq Ft

  4064 Truman Ave, Memphis, TN 38108

  Seller finance. All property facts to be verified.

  ANDRES NORENA eXp Realty, LLC

  4064 Truman Ave, Memphis, TN 38108

Showing Results 441 - 480, Page 12 of 18