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

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  /2

  $4,000

  • Land
  • 5,227 Sq Ft
  • $33,333 per Acre

  258 Gaston Ave, 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 inareas experiencing continuedrevitalization and strong rental demand. Portfolio includes the following properties:

  Austin Rowe Onward Real Estate

  258 Gaston 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
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  /10

  $153,500

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

  3324 Rosamond Ave, Memphis, TN 38122

  One unit is leased at $750/month and the other is marketed at $825/month. Well-maintained duplex with durable finishes and recent updates supporting long-term rental performance. Convenient to Treadwell schools, Save A Lot, Douglass Park, I-40, the University of Memphis, Memphis VA Medical Center, and major employers including FedEx, providing everyday convenience that enhances tenant appeal.

  James Wachob Foundation Property Management

  3324 Rosamond Ave, Memphis, TN 38122
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  /35

  $109,900

  $20K PRICE DROP

  • 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

  Thee Gaines Trelora Realty

  670 Whiterock 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

  $7,000

  $3K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $63,636 per Acre

  1191 Wellington St, Memphis, TN 38106

  Mature neighborhood with no HOA requirement. Package deal with 1201 & 1187 Wellington. 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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  /2

  $127,000

  $8K PRICE DROP

  • 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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  /9

  $85,000

  • 2 Beds
  • 1 Bath
  • 797 Sq Ft

  1509 Fairfax St, Memphis, TN 38108

  Freshly painted and nicely rehabbed starter home or investment property. Move-in ready & easy to show.

  Jessie Lucas Niter & Associates

  1509 Fairfax St, Memphis, TN 38108
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  /16

  $54,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  2993 Southwall St, Memphis, TN 38114

  3-bedroom, 1-bath home offering approximately 900 sq ft of living space in a convenient Memphis location. Features a functional layout with solid potential for homeowners or investors. Located near major roadways, shopping, and everyday amenities, providing easy access throughout the city. Great opportunity for a starter home or rental property. Don’t miss the potential this property has to offer!

  Thee Gaines Trelora Realty

  2993 Southwall St, Memphis, TN 38114
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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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  /9

  $145,000

  • 5 Beds
  • 1.5 Baths
  • 2,074 Sq Ft

  865 N Belvedere Blvd, Memphis, TN 38107

  Attention investors, renovators, and fixer-uppers! Unlock the potential of this historic gem in the sought-after Vollintine-Evergreen Historic District. This home offers spacious rooms, soaring ceilings, original hardwood floors throughout, and tile flooring in the kitchen. The kitchen and bathrooms are ready for renovation, providing the perfect opportunity to add value. 3 bedrooms, one bath,

  Lois Dennison Crye-Leike, Inc., REALTORS

  865 N Belvedere Blvd, Memphis, TN 38107
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  /10

  $93,000

  • 3 Beds
  • 1 Bath
  • 890 Sq Ft

  2536 Sunny Hill Dr, Memphis, TN 38127

  Currently leased at $895 per month through 05/17/2027. This well-maintained single-family home offers a functional layout with bright living spaces and durable finishes throughout. Recent updates enhance long-term efficiency and reduce maintenance needs, including improvements to key interior systems and finishes. The kitchen provides ample cabinetry and practical flow, while the exterior

  James Wachob Foundation Property Management

  2536 Sunny Hill Dr, Memphis, TN 38127
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  /2

  $6,500

  $7M PRICE DROP

  • 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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  $85,000

  • 3 Beds
  • 2.5 Baths
  • 1,398 Sq Ft

  1776 First Green Dr Unit 21, Memphis, TN 38116

  Spacious Move-In Ready Condo! Ideal as a starter home or investment property, this newly refurbished condo offers plenty of living space and is vacant and ready for immediate occupancy. Features include a large den with fireplace, kitchen with eat-in bar, 3 bedrooms, and 2.5 bathrooms. Laminate flooring runs throughout the home, with tile flooring in the kitchen and bathrooms. HVAC replaced in

  Jeremy Veldman KAIZEN Realty, LLC

  1776 First Green Dr Unit 21, Memphis, TN 38116
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  $94,900

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 953 Sq Ft

  3994 Leech Rd, Memphis, TN 38109

  Charming 3-bedroom, 1-bath home offering 953 square feet of living space on a spacious 0.26-acre lot. This single-story residence features a functional floor plan with a comfortable living area, eat-in kitchen, and covered carport parking. Built in 1960, the property provides a great opportunity for first-time homebuyers, investors, or those looking to add their personal touch. Conveniently

  Carl Purifoy Trelora Realty

  3994 Leech Rd, Memphis, TN 38109
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  $139,500

  • 2 Beds
  • 2 Baths
  • 1,438 Sq Ft

  1960 N Parkway Unit 306, Memphis, TN 38112

  Discover the potential in this well-maintained 2-bedroom, 2-bath condo, offering a comfortable layout and an excellent opportunity to add your personal style. Don't miss the expansive walk-in closet/dressing room in the primary bedroom, leading into the ensuite primary bathroom. This 3rd floor unit is in excellent condition and features newly installed carpet in the bedrooms and updated wood

  Meredith Coughlin Keller Williams

  1960 N Parkway Unit 306, Memphis, TN 38112
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  /13

  $35,000

  • 2 Beds
  • 1.5 Baths
  • 987 Sq Ft

  5700 Los Gatos Dr Unit 2, Memphis, TN 38115

  Central Location for a Low Cost Rental or Low Maintenance Living ~ Upstairs Flat ~ Needs Cosmetics which is reflected in the List Price ~ Recent HVAC ~ Tenant occupied on a month to month lease ~ Swimming Pool ~ Fox Meadows Golf Course View ~ Tennis Court~ Clubhouse ~ Call for details!

  Taj Schuerman Keller Williams Realty

  5700 Los Gatos Dr Unit 2, Memphis, TN 38115
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  /9

  $109,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 956 Sq Ft

  4006 Newton Dr, Memphis, TN 38109

  Price Improvement! Cash flowing property to add to their portfolio! Home is currently rented and being professionally managed. Lease ends in September 2026. Current rent is $1015 a month. Home was updated in 2025! Call listing agent for details. Access upon accepted offer. Do not Disturb tenants!

  Andrew Akins CB Properties of Memphis, LLC

  4006 Newton Dr, Memphis, TN 38109
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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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  $149,999

  $15K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 800+ Sq Ft

  812 Creekside Dr Unit 2, Memphis, TN 38117

  PRICE IMPROVEMENT! NEW PRICE on this Charming 1-Bedroom, 1-Bath Condo in East Memphis --- Located in a gated community with beautifully landscaped grounds and access to amenities, this condo offers a peaceful, low-maintenance living space. Only a stone's throw away from some of East Memphis' best shopping and eats. Call your agent and book a showing today!

  Ali Abu-Khraybeh Renshaw Company, REALTORS

  812 Creekside Dr Unit 2, Memphis, TN 38117
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  /2

  $7,100

  • Land
  • 6,098 Sq Ft
  • $50,714 per Acre

  1832 Rozelle St, Memphis, TN 38106

  Level lot for sale under $10,000. Perfect for a new construction. Also selling 1824 Rozelle.

  Virgil Pryor Harris Realty Services

  1832 Rozelle St, Memphis, TN 38106
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  /2

  $114,900

  • 3 Beds
  • 1.5 Baths
  • 1,642 Sq Ft

  4938 Cromwell Ave, Memphis, TN 38118

  Expand your investment portfolio with this excellent rental opportunity. Situated in a desirable rental market, this property offers convenient access to shopping, dining, major employers, and other local amenities. Please note that wholesale offers and contract assignments will not be considered.

  Dean Harris CrestCore Realty MphsBrokerage

  4938 Cromwell Ave, Memphis, TN 38118
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  /3

  $6,000

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

  142 W Davant Ave, Memphis, TN 38109

  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. Buyer responsible for any endorsement fees.

  Virgil Pryor Harris Realty Services

  142 W Davant Ave, Memphis, TN 38109
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  /11

  $119,000

  $418K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  433 Dixie Rd, Memphis, TN 38109

  This property is leased at $900 per month through 02/25/2028. Fully renovated rental opportunity designed for long-term durability and low maintenance. Major upgrades include a new roof with 30-year architectural shingles, updated HVAC system with new condenser, luxury vinyl plank flooring throughout, and a fully refreshed kitchen with new countertops and cabinet finishes. Additional improvements

  James Wachob Foundation Property Management

  433 Dixie Rd, Memphis, TN 38109
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  /10

  $125,000

  $15K PRICE DROP

  • 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

  $15K PRICE DROP

  • 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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  /15

  $78,000

  • 3 Beds
  • 1 Bath
  • 1,032 Sq Ft

  1752 Eldridge Ave, Memphis, TN 38108

  This 3-bedroom, 1-bathroom cottage in the 38108 zip code is the perfect candidate for a high-velocity portfolio addition. The home features partial renovations and is located in one of Memphis's most consistent rental submarkets. Priced to move quickly to a cash or non-contingent buyer. Seize the opportunity to finish the mechanicals and capture immediate equity. Cash or hard money preferred,

  Shae Roberts Advantage Property Management

  1752 Eldridge Ave, Memphis, TN 38108
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  /2

  $120,000

  $4K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,340 Sq Ft

  5843 Plum Valley Dr, Memphis, TN 38141

  Price Improvement! Tenants' rights-DO NOT disturb tenant. Investors, this is a great addition to your portfolio! Professionally managed, well maintained, zero lot-line townhome with TWO primary suites, one upstairs and one downstairs. Located in the Ridgetop Estates subdivision near Hickory Hill, with convenient access to Raines Road, I-240, and the broader Memphis metro employment and retail

  Aaron Ivey eXp Realty

  5843 Plum Valley Dr, Memphis, TN 38141
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  /2

  $90,000

  • 3 Beds
  • 1.5 Baths
  • 1,429 Sq Ft

  3101 Signal St, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $650 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3101 Signal St, Memphis, TN 38127
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  /2

  $95,000

  • 3 Beds
  • 1 Bath
  • 1,844 Sq Ft

  3680 Irma St Unit 70764, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $885 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3680 Irma St Unit 70764, Memphis, TN 38127
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  /2

  $99,000

  • 3 Beds
  • 1.5 Baths
  • 1,031 Sq Ft

  3553 Gowan Dr, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $1,100 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3553 Gowan Dr, Memphis, TN 38127
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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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  /5

  $20,000

  • 2 Beds
  • 1 Bath
  • 993 Sq Ft

  1592 Sydney St, Memphis, TN 38108

  Investors don't miss out on this one! No Sign in yard. Being sold as-is.

  Sandra Tushek Groome & Co.

  1592 Sydney St, Memphis, TN 38108
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  /3

  $99,900

  $5K PRICE DROP

  • 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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  /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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  $84,900

  $50K PRICE DROP

  • 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

  Thee Gaines Trelora Realty

  5025 Millbranch Rd, Memphis, TN 38116
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  $75,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4522 Sunny View Dr, Memphis, TN 38127

  Currently leased at $815 per month through 05/09/2027. Turnkey investment opportunity featuring a well-maintained 3-bedroom, 1-bath home with timeless appeal and strong rental potential. Interior highlights include beautiful hardwood floors, a bright and inviting living area, central heat and air, window coverings, and an efficient floor plan designed for comfortable living. The property shows

  James Wachob Foundation Property Management

  4522 Sunny View Dr, Memphis, TN 38127
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  /3

  $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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  /2

  $7,000

  $3K PRICE DROP

  • Land
  • 3,049 Sq Ft
  • $100,000 per Acre

  1187 Wellington St, Memphis, TN 38106

  This vacant lot offers the perfect spot for your next investment. Package deal with 1191 & 1201 Wellington. 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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