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

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  /4

  $15,000

  • 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

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,275 Sq Ft

  2910 Southern Ave, Memphis, TN 38111

  TENANT OCCUPIED. Beautifully renovated 2-bedroom, 1-bath home located less than 5 minutes from the University of Memphis and Liberty Bowl Stadium. This move-in ready property features fresh paint, new cabinetry, and all-new flooring, including luxury vinyl throughout. The modern kitchen is equipped with quartz countertops and stainless steel appliances. The bathroom has been fully updated with

  Joshua Moss KAIZEN Realty, LLC

  2910 Southern Ave, Memphis, TN 38111
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  /11

  $85,000

  • 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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  /2

  $4,200

  • Land
  • 5,662 Sq Ft
  • $32,308 per Acre

  1593 Humber St, Memphis, TN 38106

  Cleared vacant land for sale, ready for development with level terrain and convenient street access. Seller financing options available. Previously bought in tax sale. buyer responsible for endorsement fee.

  Virgil Pryor Harris Realty Services

  1593 Humber St, Memphis, TN 38106
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  /9

  $75,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,900 Sq Ft

  3485 Felton Rd, Memphis, TN 38128

  ATTEMPTED NEW CONSTRUCTION FROM 2022. Property is vacant. Unfinished new construction. The slab, frame and studs was complete. NO PLUMBING, NO ELECTRICAL OR WIRING HAS BEEN DONE. No floor plans are available.

  Sonja Hester Progressive Realty Services

  3485 Felton Rd, Memphis, TN 38128
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  /2

  $10,000

  • Land
  • 4,791 Sq Ft
  • $90,909 per Acre

  1191 Wellington St, Memphis, TN 38106

  Mature neighborhood with no HOA requirement. This corner lot has plenty of potential for your next investment. Bring your offer.

  Stephanie Moss BEST Real Estate Company

  1191 Wellington St, Memphis, TN 38106
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  /27

  $110,000

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

  668 Westview Rd, Memphis, TN 38109

  Being sold AS-IS. Nice 3-bedroom, 1- bathroom home on a 0.71-acre lot that offers privacy. Rent ready for investors. One highlight of this property is the large den/great room. Lot is large enough for a garden, garage and/or storage building. The seller welcomes all offers.

  Sharon Harris Keller Williams

  668 Westview Rd, Memphis, TN 38109
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  /2

  $135,000

  • 5 Beds
  • 2 Baths
  • 1,877 Sq Ft

  1522 Frayser Blvd, Memphis, TN 38127

  Terrific investment opportunity! Tenant occupied, currently rented for $1395/mo. Professionally managed. Home has been well maintained with some recent repairs and a good looking roof. Five bedroom, two bathroom brick property with central heat and air and extra large parking pad. Conveniently located near schools, parks and Ed Rice Community Center. Multiple properties for sale, can be bought in

  William Haynes Crye-Leike, Inc., REALTORS

  1522 Frayser Blvd, Memphis, TN 38127
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  /35

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,078 Sq Ft

  4989 Mike Dr, Memphis, TN 38127

  This durable brick residence, built in 1972, offers a spacious 1,078 sqft floor plan with 3 bedrooms and 1 bathroom. The interior is designed for easy maintenance with tile flooring throughout the entire home and classic vertical wood paneling. The layout features both a formal living room and a substantial 13x13 family room, providing ample space for peaceful home life. The living area is

  Christopher Stjernholm Trelora Realty

  4989 Mike Dr, Memphis, TN 38127
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  /31

  $145,500

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  1212 Bristol Dr, Memphis, TN 38119

  End Unit Townhome in Chatham Village has two bedroom, one and a half baths. Excellent value, this condominium includes refrigerator, private patio for cookouts or relaxing, kitchen w/ breakfast bar opens to a dining room and large living room w/ hardwood floors down, primary bedroom has double closets, carpet upstairs, updated full bath, the laundry closet in the up foyer and there is attic space

  Amirio Armour Armour and Associates Realty L

  1212 Bristol Dr, Memphis, TN 38119
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  /4

  $7,900

  • Land
  • 39,204 Sq Ft
  • $8,778 per Acre

  1 Felton Rd, Memphis, TN 38128

  This lot has water, electric and city sewer. Partially sloped to a nice level spot at the back offering both privacy but close proximity to shopping , dining and entertainment. At just under an acre you have room to do it all from a garden to a shop. Buyers agent to verify all pertinent information . Call today today schedule a tour.

  Jessica Willis J. Byrd Land and Holdings

  1 Felton Rd, Memphis, TN 38128
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  /22

  $153,900

  • 3 Beds
  • 2 Baths
  • 1,349 Sq Ft

  4445 Don St, Memphis, TN 38109

  Step into this beautifully refreshed 3-bedroom, 2-bath home in the heart of Memphis! Featuring new carpet, fresh paint, and an inviting updated screened in patio perfect for relaxing or entertaining, this home is move-in ready and full of charm. Enjoy a spacious layout with comfortable living areas and a backyard ideal for gatherings. Whether you’re a first-time buyer or looking to upgrade, this

  Tia Jennings Keller Williams

  4445 Don St, Memphis, TN 38109
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  /10

  $93,000

  • 3 Beds
  • 1 Bath
  • 890 Sq Ft

  2536 Sunny Hill Dr, Memphis, TN 38127

  Welcome to 2536 Sunny Hill Drive—a charming 3-bedroom, 1-bath home offering comfort and functionality. This residence features hardwood and tile flooring, climate control with air conditioning and heat, and plenty of natural light enhanced by window coverings throughout. A small front entry platform adds convenient access to the home. Thoughtful touches like mirrors contribute to the home’s

  James Wachob Foundation Property Management

  2536 Sunny Hill Dr, Memphis, TN 38127
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  /2

  $6,500

  • Land
  • 7,405 Sq Ft
  • $38,235 per Acre

  136 E Dempster Ave, Memphis, TN 38109

  REDUCED PRICE!!! Land on this nice corner lot is available for a new home build, as one is being built across from this lot. There was a house on the lot many years ago.

  Tjuania Redmond Lawrence Johnson, REALTORS

  136 E Dempster Ave, Memphis, TN 38109
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  /12

  $140,000

  • 2 Beds
  • 1 Bath
  • 1,116 Sq Ft

  4125 Michael Rd, Memphis, TN 38116

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4125 Michael Rd, Memphis, TN 38116
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  /7

  $6,000

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

  200 W Davant Ave, Memphis, TN 38109

  Vacant lot, perfect for development, flat and ready to build on. Utilities available at the street

  Laszlo Nguyen Heckler eXp Realty, LLC

  200 W Davant Ave, Memphis, TN 38109
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  /7

  $125,000

  • Land
  • 2.16 Acres
  • $57,870 per Acre

  867 E Alcy Rd, Memphis, TN 38106

  Improved 2.16 acres featuring utilities in place, elevated terrain, and partial clearing, located in a private, quiet rural area just minutes from Graceland and major interstate access—a rare combination of peaceful seclusion and prime connectivity.

  Tina Dugan Keller Williams

  867 E Alcy Rd, Memphis, TN 38106
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  /2

  $8,500

  • Land
  • 2,613 Sq Ft
  • $141,667 per Acre

  0 Douglass Ave, Memphis, TN 38114

  Vacant lot! Seller's motivated. Thanks for showing.

  Eddie Parker Crye-Leike, Inc., REALTORS

  0 Douglass Ave, Memphis, TN 38114
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  /27

  $65,000

  • 3 Beds
  • 1 Bath
  • 875 Sq Ft

  2982 Kingston St, Memphis, TN 38127

  Well-maintained home located in the 38127 area offering a functional layout and great investment or owner-occupant opportunity. This property features spacious living areas, ample natural light, and a sizable lot with room for outdoor enjoyment. Conveniently located near major roadways, shopping, and schools. Ideal for buyers looking for value and potential.

  Henry Pineda Fast Track Realty, LLC

  2982 Kingston St, Memphis, TN 38127
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  /11

  $119,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  433 Dixie Rd, Memphis, TN 38109

  Investors only! This property could be a great addition to your investment portfolio. Property is professionally managed. No sign. No wholesalers, no assignments, no creative financing, no owner financing, no blind offers! Cash or conventional offers only! DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

  James Wachob Foundation Property Management

  433 Dixie Rd, Memphis, TN 38109
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  /10

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,298 Sq Ft

  3832 Lake Park Cove, Memphis, TN 38127

  Your Perfect 4-Bedroom Investment Property Awaits. This spacious, 4-bedroom, 2-bathroom home, built in 2021, is a must-see for investors. Boasting an open floor plan, this home is ready for immediate move-in and easy to lease. Situated in a rapidly growing area, Frayser is undergoing nearly $60 million in new developments, including a brand-new high school that will elevate the neighborhood’s

  Anna Bishop Crye-Leike, Inc., REALTORS

  3832 Lake Park Cove, Memphis, TN 38127
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  /9

  $150,000

  • 3 Beds
  • 1.5 Baths
  • 1,253 Sq Ft

  3011 Beauchamp Dr, Memphis, TN 38118

  Solid investment opportunity in Memphis. This 3 bedroom 1.5 bathroom property at 3011 Beauchamp Dr is tenant occupied and currently rented for $984.95 per month, providing immediate income for an investor looking to add to their portfolio. With steady cash flow already in place, this property offers a practical option for both new and experienced investors seeking rental income. Located in an

  Jose Adan Leal Garcia Fast Track Realty, LLC

  3011 Beauchamp Dr, Memphis, TN 38118
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  /2

  $9,000

  • Land
  • 3,484 Sq Ft
  • $112,500 per Acre

  1077 S Orleans St, 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

  1077 S Orleans St, Memphis, TN 38126
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  /12

  $75,000

  • 4 Beds
  • 1 Bath
  • 1,148 Sq Ft

  4967 Newton Rd, Memphis, TN 38109

  Cute Brick 4 Bedroom 1 bath with single carport in Whitehaven~ Central Heat and Air~~Some upgrades ~~Large Lot~~Will Not Go FHA~~Call Listing agent for details

  Scott Housewirth Crye-Leike Inc., REALTORS

  4967 Newton Rd, Memphis, TN 38109
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  /35

  $104,900

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

  3425 Ladue St, Memphis, TN 38127

  Discover this spacious 4-bedroom, 2-bathroom traditional ranch located in the established Range Hills community. Spanning 1,346 square feet, this well-proportioned home features a functional layout with all living spaces on a single level. Built in 1962, the residence offers a solid foundation for those looking to customize a home or an investor seeking a high-potential rental in a convenient

  Tiffany Jones Trelora Realty

  3425 Ladue St, Memphis, TN 38127
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  /15

  $103,000

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

  3445 Pruett Ct, Memphis, TN 38111

  Gated Condo Complex located mins from the University of Memphis and Highland Strip. This 2bed/1.5 bath could make a great investment for an investor or home for an owner occupant. Living Room, Dining Area, and Fenced in Patio Area. HOA is $140 monthly and covers exterior maintenance repairs, property insurance, landscaping & grounds cleaning, pest control, water/sewer for property, utilities for

  Monica Bynum Crye-Leike, Inc., REALTORS

  3445 Pruett Ct, Memphis, TN 38111
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  /34

  $69,900

  • 3 Beds
  • 1 Bath
  • 888 Sq Ft

  2166 Cassie Ave, Memphis, TN 38127

  Welcome to this charming 3-bedroom, 1-bath home located in a quiet Memphis neighborhood. Inside, you'll find a spacious living room filled with natural light and a functional layout that flows easily into the kitchen and dining area. All three bedrooms provide comfortable living space, while the full bathroom features a convenient tub and shower combination. Step outside to enjoy a large yard

  Christopher Stjernholm Trelora Realty

  2166 Cassie Ave, Memphis, TN 38127
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  /19

  $100,000

  • 3 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  1270 Chickamauga Ave, Memphis, TN 38109

  Lovely 3 bedroom 1 and a half bathroom brick home all one one level! This home was just rehabbed in 2026 and is ready for a new owner! Wonderful home with new interior paint, low maintenance flooring, with excellent floor plan including: den, dining room, large laundry room, and open kitchen concept (perfect for entertaining). This home has an extra large primary bedroom with private half

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1270 Chickamauga Ave, Memphis, TN 38109
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  /2

  $23,370

  • 3 Beds
  • 1.5 Baths
  • 1,635 Sq Ft

  1239 S Wellington St, Memphis, TN 38106

  “This property is subject to the Freddie Mac First Look Initiative. The Freddie Mac First Look Initiative limits offers from being entertained during the first 20 days of listing to owner occupant and non-profit buyers. Investor offers will be responded to after the first look period ends on 01/08/2026.” 3 bedroom, 1.5 baths, needs updating, sold as-is.

  Sam Hanks Broker South Realty

  1239 S Wellington St, Memphis, TN 38106
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  /13

  $40,000

  • Land
  • 2.12 Acres
  • $18,868 per Acre

  360 Nicolet Dr, Memphis, TN 38109

  Beautiful 2+ acres lot in the fabulous Day Estates ready for your dream home. Very few lots left in this well established GATED neighborhood so don't miss out on this opportunity to build on the best remaining lot.

  Audrey Davis REMAX Experts

  360 Nicolet Dr, Memphis, TN 38109
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  /3

  $99,900

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3622 N Lloyd Cir, Memphis, TN 38108

  Discover 3622 N Lloyd Cir, a 2-bedroom, 1-bathroom home that’s already generating income at $1,100 per month. The current tenant is in place, giving investors a smooth, hassle-free start with instant cash flow. A practical layout and great investment fundamentals, this home is an excellent option for those looking to grow their portfolio or secure a property with built-in income.

  Jonathan Nunez Fast Track Realty, LLC

  3622 N Lloyd Cir, Memphis, TN 38108
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  /17

  $79,900

  • 3 Beds
  • 1 Bath
  • 870 Sq Ft

  2551 Dakar Ave, Memphis, TN 38127

  Lovely 3 bedroom 1bathroom home in 38127 community that is in nice condition, and ready for you to buy! There is a lot of exciting development in this area (Tons of new construction... large amount of growth and activity nearby). Home has central heat and air, new interior paint (2026), large driveway, new landscaping (2026), new roof (2023), new water heater (2025), big backyard, and in a very

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2551 Dakar Ave, Memphis, TN 38127
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  /2

  $45,000

  • Land
  • 27,878 Sq Ft
  • $70,312 per Acre

  0 S Third Unit 10199299, Memphis, TN 38109

  Commercial Lot/Land available on S Third Street. Great business opportunity. Can be sold together with MLS #'s 10199306,10199303,10199305,10198754

  Jeff Goff Keller Williams

  0 S Third Unit 10199299, Memphis, TN 38109
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  /34

  $119,900

  • 3 Beds
  • 1 Bath
  • 1,694 Sq Ft

  5025 Millbranch Rd, Memphis, TN 38116

  Welcome to this well-maintained one-level brick ranch located in the heart of Whitehaven. This 1694 sqft, 3-bedroom, 1-bathroom home offers a functional and spacious layout, perfect for modern living. The interior features timeless hardwood floors in the main living areas, easy-to-maintain tile in the kitchen, and cozy carpeted bedrooms. The heart of the home is the kitchen, which includes a

  Alexis Martz Trelora Realty

  5025 Millbranch Rd, Memphis, TN 38116
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  /14

  $125,000

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

  1781 Woodburn Dr, Memphis, TN 38127

  Terrific investment opportunity. Professionally managed and cash flowing property. Rent is $1100/mo. Lease is m2m. Professionally managed by Renshaw. Lease and ledger are available upon request. Seller has multiple properties for sale. Can buy individucally or in bulk. All properties are professionally managed. The addresses are 3667 Southland, 1364 Viscoscia, 3263 Sunrise, 3516 Suzanne, 1781

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1781 Woodburn Dr, Memphis, TN 38127
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  /8

  $79,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4522 Sunny View Dr, Memphis, TN 38127

  Experience the tranquility of 4522 Sunny View Drive, a serene 3-bedroom, 1-bath residence nestled in the heart of Memphis, TN. This well-maintained home offers a perfect blend of comfort, charm, and peaceful surroundings—ideal for investors seeking steady rental income. Inside, you'll find beautiful hardwood floors, a bright and inviting living space, and climate control with central heat and

  James Wachob Foundation Property Management

  4522 Sunny View Dr, Memphis, TN 38127
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  /2

  $4,700

  • Land
  • 3,920 Sq Ft
  • $52,222 per Acre

  1411 Cummings St, Memphis, TN 38106

  Cleared vacant land for sale, ready for development with level terrain and convenient street access. Owner financing options available. All offers welcome. Previously bought in tax sale. buyer responsible for endorsement fee.

  Virgil Pryor Harris Realty Services

  1411 Cummings St, Memphis, TN 38106
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  /14

  $57,900

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  1056 Seattle St, Memphis, TN 38114

  Welcome to 1056 Seattle Street — a clean, well-kept 3-bedroom, 1-bath home offering easy living and promising upside in a rapidly developing pocket of 38114. Inside, you’ll find a tidy 900 sq ft layout that’s been extremely well maintained—move-in ready or the perfect low-effort rental. A property across the street recently sold for $47,000 in rough condition, and another just a couple blocks

  Elliot Cerezo The Home Partners Realty

  1056 Seattle St, Memphis, TN 38114
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  /2

  $10,000

  • Land
  • 3,049 Sq Ft
  • $142,857 per Acre

  1187 Wellington St, Memphis, TN 38106

  This vacant lot offers the perfect spot for your next investment. Conveniently located just minutes from Downtown Memphis. Bring your offer today.

  Stephanie Moss BEST Real Estate Company

  1187 Wellington St, Memphis, TN 38106
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  /3

  $124,900

  • 3 Beds
  • 1 Bath
  • 971 Sq Ft

  3302 N Watkins St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $975/month. The lease ends on 4/30/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3302 N Watkins St, Memphis, TN 38127

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