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

• 

  

  /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. 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
• 

  

  

  /27

  $100,000

  $55K PRICE DROP

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

  668 Westview Rd, Memphis, TN 38109

  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
• 

  

  /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
• 

  

  

  /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
• 

  

  

  /35

  $74,900

  $20K PRICE DROP

  • 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
• 

  

  /31

  $139,900

  $19K PRICE DROP

  • 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
• 

  

  /16

  $64,900

  • 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!

  Christopher Stjernholm Trelora Realty

  2993 Southwall St, Memphis, TN 38114
• 

  

  /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
• 

  

  /10

  $93,000

  • 3 Beds
  • 1 Bath
  • 890 Sq Ft

  2536 Sunny Hill Dr, Memphis, TN 38127

  This property is leased at $895 per month ($10,740 annually) through 05/17/2027, with a cash-on-cash return of 8.00% and a monthly cash flow of $197.82. "All investment figures are estimates and verified independently by buyer." This well-maintained single-family home offers a functional layout with bright living spaces and durable finishes throughout. Recent updates enhance long-term efficiency

  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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  /12

  $125,000

  $15K PRICE DROP

  • 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
• 

  

  /21

  $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
• 

  

  /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
• 

  /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
• 

  

  /7

  $99,000

  $36K PRICE DROP

  • Land
  • 2.16 Acres
  • $45,833 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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  /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, with a cash-on-cash return of 5.32% and a monthly cash flow of $160.69. 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

  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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  /2

  $123,900

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

  5843 Plum Valley Dr, Memphis, TN 38141

  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 corridors. Call

  Aaron Ivey eXp Realty

  5843 Plum Valley Dr, Memphis, TN 38141
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $95,625 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

  $15K PRICE DROP

  • 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
• 

  

  /23

  $99,900

  • 3 Beds
  • 2 Baths
  • 1,110 Sq Ft

  3921 Raleigh Millington Rd, Memphis, TN 38128

  Welcome to 3921 Raleigh Millington Road, a property offering space, convenience, and potential in a well-established Memphis location. This home features a functional layout with comfortable living areas designed for everyday living and entertaining. Natural light fills the interior, creating a bright and inviting atmosphere throughout. The kitchen provides ample room for meal preparation and

  Alexis Martz Trelora Realty

  3921 Raleigh Millington Rd, Memphis, TN 38128
• 

  

  /15

  $103,000

  $2K PRICE DROP

  • 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

  $104,900

  • 3 Beds
  • 2 Baths
  • 1,293 Sq Ft

  3929 Pippin St, Memphis, TN 38128

  Charming 3-bedroom, 2-bathroom ranch in the established Raleigh Farms community. This move-in-ready brick home features a functional 1,293 sq. ft. floor plan, including a spacious primary suite with a private en-suite bath. Highlights include central heating and cooling, a durable composition roof, and an attached garage. Situated on a manageable 0.21-acre lot, the property is conveniently

  Tiffany Jones Trelora Realty

  3929 Pippin St, Memphis, TN 38128
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  /8

  $21,250

  $12K PRICE DROP

  • 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
• 

  

  /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
• 

  

  /17

  $75,000

  $5K PRICE DROP

  • 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
• 

  /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

  $104,900

  $30K 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

  Alexis Martz Trelora Realty

  5025 Millbranch Rd, Memphis, TN 38116
• 

  

  /8

  $75,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4522 Sunny View Dr, Memphis, TN 38127

  This property is leased at $815 per month (9,780 annually) through 05/09/2027, with a cash-on-cash return of 8.01% and a monthly cash flow of $168.51. "All investment figures are estimates and verified independently by buyer." Turnkey investment opportunity featuring a well-maintained 3-bedroom, 1-bath home with timeless appeal and strong rental potential. Interior highlights include beautiful

  James Wachob Foundation Property Management

  4522 Sunny View Dr, Memphis, TN 38127
• 

  

  /20

  $103,500

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,000 Sq Ft

  3757 Faxon Ave, Memphis, TN 38122

  Lovely move-in ready 2br 1ba in Berclair now available! This would make an excellent investment opportunity or an owner/occupant. The owner just did a refresh if the inside. Vacant, easy to show! This is an opportunity zone and qualifies for 100% financing if you're an owner/occupant!

  Caleb Parr Renshaw Company, REALTORS

  3757 Faxon Ave, Memphis, TN 38122
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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
• 

  

  /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
• 

  /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. Conveniently located just minutes from Downtown Memphis. Bring your offer today.

  Stephanie Moss BEST Real Estate Company

  1187 Wellington St, Memphis, TN 38106
• 

  

  /23

  $129,900

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

  4998 Penwood Cove, Memphis, TN 38118

  Beautifully maintained 3-bedroom, 2-bath home nestled in a quiet cove in Memphis! This charming property features a spacious living area, functional kitchen with ample cabinet space, comfortable bedrooms, and an attached 2-car garage. Conveniently located near shopping, dining, schools, and major roadways.

  Alexis Martz Trelora Realty

  4998 Penwood Cove, Memphis, TN 38118
• 

  

  /13

  $145,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 848 Sq Ft

  3534 Rochester Rd, Memphis, TN 38109

  Move-In Ready & Full of Updates! Check out this beautifully maintained 3-bedroom, 1-bath home in immaculate condition! This home features brand-new flooring throughout, an updated bathroom with a stylish tile shower, new tub, and new toilet. You’ll also love the new countertops, updated light fixtures, and fresh paint that give the home a clean, modern feel. Step outside to enjoy a huge

  Kizzy Neder Lawrence Johnson, REALTORS

  3534 Rochester Rd, Memphis, TN 38109
• 

  

  /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 $1005/month. The lease ends on 4/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3302 N Watkins St, Memphis, TN 38127
• 

  

  /16

  $105,000

  • 2 Beds
  • 1 Bath
  • 980 Sq Ft

  2190 Howell Ave, Memphis, TN 38108

  INVESTERS ONLY!!! Tenant occupied 2bed 1bath home currently rented at $998/mo. This could be a great addition to your rental portfolio. Home is professionally managed. No Sign in yard. Please do not approach or disturb tenant. Lease and ledgers available upon request. No creative or owner financed offers, no wholesale or assignment please.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2190 Howell Ave, Memphis, TN 38108

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