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

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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
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  /7

  $75,000

  $14K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 752 Sq Ft

  4072 Leroy Ave, Memphis, TN 38108

  Wonderful Home for Sale – 2 Bedrooms, 1 Bathroom, features 2 spacious bedrooms, the property: offers a completely fenced garden.Lease ends November 30, 2026 $700.00 per month Cash Flowing

  Itzel Sanchez Bustamante Keller Williams

  4072 Leroy Ave, Memphis, TN 38108
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  /9

  $39,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 880 Sq Ft

  91 N Belvedere Blvd Unit 16, Memphis, TN 38104

  AS-IS. CASH ONLY!! Will not go conventional financing or FHA. Condo has new paint and carpet. Let's make a deal!

  Jamie Green River City Land Co., LLC

  91 N Belvedere Blvd Unit 16, Memphis, TN 38104
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  /2

  $7,000

  $3K PRICE DROP

  • Land
  • 3,049 Sq Ft
  • $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
• 

  

  /22

  $36,999

  $11K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,470 Sq Ft

  1117 Greenlaw Ave, Memphis, TN 38105

  Investor Special! Full renovation opportunity located minutes from Downtown Memphis, St. Jude, Crosstown Concourse, and the Medical District. Property will require a complete rehab, ideal for experienced investors, rehabbers, or buy-and-hold buyers looking for strong upside potential. Area continues to see redevelopment, renovated homes, and investor activity. Sold as-is. Cash or Hard Money only.

  Daniel Demers Sell Your Home Services, LLC

  1117 Greenlaw Ave, Memphis, TN 38105
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  /4

  $14,000

  $4K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 674 Sq Ft

  740 Marble Ave, Memphis, TN 38107

  This home could be yours. Gated home by Manassas High School. Close to downtown Memphis. Investors, add this home to your portfolio. Partially burned. Please don't enter, if you do, enter at your own risk.

  Andre Pruitt TRG Real Estate Services, LLC

  740 Marble Ave, Memphis, TN 38107
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  /2

  $5,000

  • Land
  • 2,613 Sq Ft
  • $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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  /13

  $74,000

  $15K PRICE DROP

  • 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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  /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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  /16

  $150,000

  • 3 Beds
  • 1.5 Baths
  • 1,358 Sq Ft

  4502 Cottonwood Rd, Memphis, TN 38118

  ATTENTION INVESTORS!! Great rental property. DRIVE-BY-ONLY! No Sign on Property. TENANT RIGHTS. Text or Call Listing Agent for more details. NO SHOWINGS WITHOUT ACCEPTED OFFER! DO NOT DISTURB TENANTS!!! Presently under 2 year lease ending 2028 for $1245 monthly. New hot water heater, new H/A. Owner replaced carpetand repainted. Corner lot. Features 3 bedrooms, LR, DR, eat in kitchen,sunroom, plus

  Terrence Johnson eXp Realty, LLC

  4502 Cottonwood Rd, Memphis, TN 38118
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  /2

  $145,000

  $5K PRICE DROP

  • Land
  • 1.26 Acres
  • $115,079 per Acre

  5105 Pleasant View Rd, Memphis, TN 38134

  Terrance Hill eXp Realty, LLC

  5105 Pleasant View Rd, Memphis, TN 38134
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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
  • 7,405 Sq Ft
  • $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
  • 31,363 Sq Ft
  • $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
  • 1,742 Sq Ft
  • $1,125,000 per Acre

  387 Leath St, Memphis, TN 38105

  James Walker REMAX Experts

  387 Leath St, Memphis, TN 38105
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  /30

  $69,900

  • 2 Beds
  • 1 Bath
  • 1,353 Sq Ft

  810 Hale Rd, Memphis, TN 38116

  Charm and space collide in this charismatic 3-bed, 1-bath stone bungalow situated on a rare 1.172-acre lot in West Whitehaven Heights. Built in 1938, the 1,353 sq. ft. interior features a functional layout with a spacious living room and a generous kitchen/dining combo. Outside, enjoy the privacy of a massive wooded lot, a detached garage, and a carport. New central HVAC and a durable composition

  Alexis Martz Trelora Realty

  810 Hale Rd, Memphis, TN 38116
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  /9

  $75,000

  $5K PRICE DROP

  • Land
  • 3.9 Acres
  • $19,231 per Acre

  0 W Shelby Dr, Memphis, TN 38109

  Prime opportunity to acquire approximately 3.9 acres of commercially zoned mixed-use land in Southwest Memphis! Located on West Shelby Drive with approximately 270 feet of road frontage, this property offers excellent visibility and accessibility for a variety of development opportunities. Positioned near the intersection of Shelby Drive and Weaver Road and directly across from Dalstrom Park,

  April Davis KAIZEN Realty, LLC

  0 W Shelby Dr, Memphis, TN 38109
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  /15

  $79,900

  $8K PRICE DROP

  • 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.

  Joe Payne The Peyton Co., Inc., REALTORS

  4282 Westmont Rd, Memphis, TN 38109
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  /5

  $87,000

  • 3 Beds
  • 1 Bath
  • 916 Sq Ft

  3867 W Valley Cir, Memphis, TN 38109

  This corner lot home has good potential to be a rental. being sold "as-is". If you are looking to add another property to your portfolio this would be a good one. Close to stores, restaurants, schools new Community Impact Center being built on Third St.

  Ludora Cooper Prime Realty & Investments

  3867 W Valley Cir, Memphis, TN 38109
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  /16

  $115,000

  $5K PRICE DROP

  • 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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  /2

  $17,000

  • Land
  • 5,662 Sq Ft
  • $130,769 per Acre

  1141 Breedlove St, Memphis, TN 38107

  Great Investment opportunity!! Jump in on the ground floor of the huge development project slated for Klondike. Northside High School is being transformed by a 78 million redevelopment into a community hub, very similar to Crosstown's revival.

  Michelle Koeppen Ware Jones, REALTORS

  1141 Breedlove St, Memphis, TN 38107
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  /9

  $65,000

  • 2 Beds
  • 1 Bath
  • 840 Sq Ft

  1616 Harmen St, Memphis, TN 38108

  Attention Investors and Rehabbers! Opportunity awaits at 1616 Harmen St. This property needs substantial renovation but offers strong upside potential for those looking to add value. Conveniently located near major transportation routes, including I-40, this home could be an excellent addition to an investment portfolio, rental inventory, or fix-and-flip project. Sold as-is. Cash or renovation

  Silvana Piadade eXp Realty, LLC

  1616 Harmen St, Memphis, TN 38108
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  /22

  $104,000

  $21K PRICE DROP

  • 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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  /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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  /10

  $91,400

  $9K PRICE DROP

  • 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
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  /4

  $14,000

  $11K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $82,353 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
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  /5

  $55,000

  • 3 Beds
  • 1 Bath
  • 946 Sq Ft

  2323 Shasta Ave, Memphis, TN 38108

  This 3bed 1bath home needs repairs, but is priced accordingly. Home has a big front porch, and durable laminate flooring. The roof looks like it was recently replaced. Home was substantially upgraded a few years ago, but now needs repairs, ONLINE VIDEO AVAILABLE UPON REQUEST. It could be worth a lot of money once rehabbed. Home next door was recently rehabbed, home across the street is in the

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2323 Shasta Ave, Memphis, TN 38108
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  /38

  $134,900

  $20K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,889 Sq Ft

  1748 Hester Rd, Memphis, TN 38116

  Welcome to 1748 Hester Rd in Memphis! This charming brick ranch-style home offers great curb appeal with a covered front entry and convenient driveway parking. Inside, the home features neutral colors and abundant natural light throughout. The spacious living room is highlighted by a beautiful brick fireplace and includes two walk-in closets, perfect for storing games, crafts, or extra household

  Christopher Stjernholm Trelora Realty

  1748 Hester Rd, Memphis, TN 38116
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  /8

  $122,200

  $3K PRICE DROP

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

  1382 Mary Jane Ave, Memphis, TN 38116

  This property is leased at $1,175 per month ($14,100 annually) through 03/31/2028, with a cash-on-cash return of 6.51% and a monthly cash flow of $200.99. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a well-established Memphis rental area. This home offers a functional layout with comfortable living spaces, durable finishes, and good

  James Wachob Foundation Property Management

  1382 Mary Jane Ave, Memphis, TN 38116
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  /7

  $135,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,108 Sq Ft

  3755 Fairmont Ave, Memphis, TN 38122

  Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to

  Stephen Akindona Kairos Realty

  3755 Fairmont Ave, Memphis, TN 38122
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  /8

  $20,000

  • Land
  • 15,681 Sq Ft
  • $55,556 per Acre

  0 Oaks Royal Dr, Memphis, TN 38128

  Back on the Market! Ridgemont Trails Subdivision - one corner lot left on this subdivision 0.36 ac, irregular shape, ready for your next project. Phase I was built in 2006 through 2023. Home values in this subdivision fluctuate from $195K to $260K. Utilities ready.

  Silvana Piadade eXp Realty, LLC

  0 Oaks Royal Dr, Memphis, TN 38128
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  /2

  $102,000

  $3K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  1463 Effie Rd, Memphis, TN 38106

  DO NOT DISTURB THE TENANTS!!! Looking to add to your portfolio. This duplex brings in $1200 a month ($600 each side) This 1-bedroom and 1-bath duplex has tenants on both sides. These units were freshly painted about a year ago.

  Sherita McCray Assured Real Estate Services

  1463 Effie Rd, Memphis, TN 38106
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  /27

  $99,000

  • 3 Beds
  • 1 Bath
  • 1,181 Sq Ft

  2314 Pendleton St, Memphis, TN 38114

  Charming, move-in ready one story home in Memphis offering a functional 3-bed, 1-bath layout with thoughtful living spaces throughout. Everything is new - including the roof and central heat. The open floor plan connects a spacious living room and dining area, ideal for everyday living and entertaining. The kitchen features white cabinets, tile backsplash, and ample counter space. All three

  Jorge Consejo Real Estate Agency

  2314 Pendleton St, Memphis, TN 38114
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  /2

  $6,000

  • Land
  • 4,356 Sq Ft
  • $60,000 per Acre

  118 Dover Ave, Memphis, TN 38106

  Vacant level lot for sale, utilities available. Seller offering owner finance at $1,000 down and starting at $269 a month. Individually sold but part of package of lots.

  Virgil Pryor Harris Realty Services

  118 Dover Ave, Memphis, TN 38106
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  /4

  $7,000

  $1K PRICE DROP

  • Land
  • 26,136 Sq Ft
  • $11,667 per Acre

  0 Niese St, Memphis, TN 38106

  **NEW PRICE**Over half an acre lot with all the utilities situated behind the Original Colletta's Italian Restaurant in a residential area. Seller will consider Owner Financing. No appointment needed, can view at any time.

  Sonja Tulacz Crye-Leike, Inc., REALTORS

  0 Niese St, Memphis, TN 38106
• 

  

  /10

  $153,500

  • 4 Beds
  • 2 Baths
  • 1,657 Sq Ft

  3324 Rosamond Ave, Memphis, TN 38122

  This property is leased at $750 per month ($9,000 annually) 3324 -through 07/15/2027 and 3326 VACANT. "All investment figures are estimates and verified independently by buyer." Investor-friendly opportunity in a desirable Memphis location with strong rental demand. This well-maintained home offers a functional layout with comfortable living spaces, durable finishes, and abundant natural light.

  James Wachob Foundation Property Management

  3324 Rosamond Ave, Memphis, TN 38122
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  /4

  $15,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  2076 Farrington St, Memphis, TN 38109

  Investment property available. Distressed home near many industrial facilities / employers. Property has curb cut. Cash offers preferred. Please do due diligence before submitting an offer. No creative or owner financed offers. No wholesale or assignment

  William Haynes Crye-Leike, Inc., REALTORS

  2076 Farrington St, Memphis, TN 38109
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  /11

  $85,000

  $12K PRICE DROP

  • 8 Beds
  • 2.5 Baths
  • 3,300 Sq Ft

  65 E Frank Ave, Memphis, TN 38109

  Back on market!! INVESTOR SPECIAL!! This home has been transformed from a 4-bedroom home to 8 bedrooms. It has a framed basement for 5 more bedrooms or rooms. It's perfectly set for an investment property and future money flow. New roof, some new framing and flooring have been done. It needs a lot more work and TLC. No HVAC system in place. Foundation issues found on a recent engineering report,

  Desiree Anderson Adaro Realty, Inc.

  65 E Frank Ave, Memphis, TN 38109
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  /35

  $129,900

  • 4 Beds
  • 1.5 Baths
  • 1,199 Sq Ft

  670 Whiterock Ave, Memphis, TN 38109

  Welcome to 670 Whiterock Ave! This charming 4-bedroom, 1.5-bathroom home offers modern comfort in a well-established Memphis community. Built in 1971, this property stands out as a newer infill home, featuring a low-maintenance brick veneer exterior and a spacious 0.24-acre lot. Inside, you’ll find a functional 1,200 sq. ft. layout designed for efficiency and style. The large backyard provides

  Alexis Martz Trelora Realty

  670 Whiterock Ave, Memphis, TN 38109

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