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

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  /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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  /32

  $94,900

  • 4 Beds
  • 1.5 Baths
  • 1,135 Sq Ft

  5092 Breckenwood Dr, Memphis, TN 38127

  Move-in ready 3-bedroom, 1.5-bath ranch in Northaven. This home features hardwood flooring throughout, a primary suite with a private half-bath, and a functional kitchen. The exterior includes a covered carport and a large, fully fenced backyard. Perfect for first-time buyers or investors seeking a solid, well-maintained property.

  Alexis Martz Trelora Realty

  5092 Breckenwood Dr, Memphis, TN 38127
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  /10

  $105,000

  • 3 Beds
  • 1 Bath
  • 946 Sq Ft

  3342 Ashland St, Memphis, TN 38127

  Welcome to 3342 Ashland Street, Memphis, TN 38127! This cozy 3-bedroom, 1-bathroom home features hard-surface flooring throughout, a bright and spacious living area, and a modern kitchen with large shaker cabinets and space for appliances. Enjoy the convenience of a covered carport and a large fenced backyard, perfect for outdoor living. Don’t miss out! TENANTED PROPERTY: DO NOT APPROACH OR

  James Wachob Foundation Property Management

  3342 Ashland St, Memphis, TN 38127
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  /11

  $129,500

  • 4 Beds
  • 2 Baths
  • 1,165 Sq Ft

  194 E Biscayne Rd, Memphis, TN 38109

  Great property, ready to move in.

  Brett Bernard The Stamps Real Estate Company

  194 E Biscayne Rd, Memphis, TN 38109
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  /6

  $130,000

  • Land
  • 2.08 Acres
  • $62,500 per Acre

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109

  Build Your Dream Home on 2.08 Acres of Pure Possibility! Tucked away is this 2.08-acre lot offering the perfect canvas to bring your vision to life. Whether you're dreaming of a custom estate, a charming farmhouse, or a modern retreat, this spacious parcel provides room to spread out and breathe. Enjoy the privacy of a large lot with plenty of space for a garden, workshop, or outdoor living

  Melissa Blume Thompson eXp Realty

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109
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  /10

  $75,000

  • Land
  • 3.12 Acres
  • $24,038 per Acre

  4825 American Way, Memphis, TN 38118

  3.12 acres right in the action! Directly off of American Way and S Perkins intersection, this lot is wooded and currently zoned CMU-2. This size lot may be the last of its kind in this area so get it while you can! Surrounded by business to the N and a nice residential neighborhood to the S, this lot has dedicated access via Westmeade St. Experienced developers - here's your chance to build your

  Randall Weatherall Memphis Metro Realty

  4825 American Way, Memphis, TN 38118
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  /13

  $98,000

  • 3 Beds
  • 1 Bath
  • 876 Sq Ft

  2581 Callie Rd, Memphis, TN 38127

  GREAT INVESTMENT OPPORTUNITY! Tenant-occupied 3BR/1BA home generating $975/month, with lease secured through 5/31/2027. Tenant is current with rent and pays like clockwork. Move in on 5/8/2025. Fully renovated in 2023, including new roof, HVAC, carpet, cabinetry, window fixtures, and more. Professionally managed—tenant ledger and maintenance report available upon request. Please do not disturb

  Jeremy Veldman KAIZEN Realty, LLC

  2581 Callie Rd, Memphis, TN 38127
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  /2

  $115,000

  • 2 Beds
  • 1 Bath
  • 1,145 Sq Ft

  1797 Dupont Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1.5 baths. Currently renting for $1,495 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1797 Dupont Ave, Memphis, TN 38127
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  /6

  $40,000

  • Land
  • 17,424 Sq Ft
  • $100,000 per Acre

  583 E E H Crump Blvd, Memphis, TN 38126

  COMMERCIAL OPPORTUNITY! Vacant parcel available on major/busy street. Excellent visibility and multiple uses (Zoning Code: CMU-1-Commercial Mixed Use-1). Could be great for parking or storage and amazing price. Large amount of commercial businesses and users along this stretch. Lot of activity/ motorists drive by this property daily. Cash offers only! Buyer will need to confirm all zoning and

  Tyler Tapley Crye-Leike, Inc., REALTORS

  583 E E H Crump Blvd, Memphis, TN 38126
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  /2

  $80,000

  • Land
  • 8.54 Acres
  • $9,368 per Acre

  0 Coleman Rd, Memphis, TN 38128

  Drive by anytime.

  Flor Bernal Crye-Leike, Inc., REALTORS

  0 Coleman Rd, Memphis, TN 38128
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  /2

  $146,900

  • 3 Beds
  • 2 Baths
  • 1,316 Sq Ft

  4529 Country Brook Dr, Memphis, TN 38141

  Motivated seller offering an occupied, income-producing investment property—currently rented at $1,350/month with a M-T-M lease. Available individually or as part of a portfolio with strong-performing assets. 4305 Creekbed Cv. listed at $155,000 rented at $1169 and 4566 Fawn Hollow Cv. listed at $160,000 and rented at $1425. Sold AS-IS. Do not disturb tenant. Inspection granted with accepted

  James Johnson Crestcore Realty, LLC

  4529 Country Brook Dr, Memphis, TN 38141
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  /4

  $4,500

  • Land
  • 4,791 Sq Ft
  • $40,909 per Acre

  136 W Norwood Ave, Memphis, TN 38109

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  136 W Norwood Ave, Memphis, TN 38109
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  /8

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,591 Sq Ft

  3573 Hanna Dr, Memphis, TN 38128

  Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

  Cassandra Bell-Warren 4 Success Realty, LLC

  3573 Hanna Dr, Memphis, TN 38128
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  /2

  $45,000

  • Land
  • 38,768 Sq Ft
  • $50,562 per Acre

  0 Airways Blvd Unit 10199303, Memphis, TN 38114

  Commercial Lot/Land available on Airways, Great business opportunity. Can be sold together with MLS #'s 10199306,10198754,10199305,10199299

  Jeff Goff Keller Williams

  0 Airways Blvd Unit 10199303, Memphis, TN 38114
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  /2

  $90,000

  • 3 Beds
  • 1 Bath
  • 1,038 Sq Ft

  3203 Seminole Rd, Memphis, TN 38111

  Investor opportunity! Charming 2-bedroom, 1-bath single-family home on a large lot in Memphis (38111). Property currently tenant-occupied — do not disturb. Sold AS-IS, no showings. Perfect for investors or buyers looking for a renovation project. Buyer to verify all information including square footage, lot size, and property condition.

  Kayla Luu eXp Realty, LLC

  3203 Seminole Rd, Memphis, TN 38111
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  /3

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  961 N Highland St, Memphis, TN 38122

  Fantastic investment opportunity in the Shelby area. Cash flowing with a monthly rental amount of $750 & $875/month. The lease ends on 07/31/2026 & 08/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  961 N Highland St, Memphis, TN 38122
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  /6

  $92,000

  • 2 Beds
  • 1 Bath
  • 747 Sq Ft

  2545 Spottswood Ave, Memphis, TN 38114

  Turnkey cash flowing investment opportunity. Generating $1,000 per month with lease in place until 4/2027. Annual gross income 12,000 offering approximately 12.6 percent gross yield at current list price. Fully renovated. New A/C and Furnace. Low maintenance asset positioned for immediate return.Perfect for DSCR LOAN Option or Cash Buyer. Owner Financing Available ***DO NOT DISTURB TENANT*** Sold

  Tiffany Brown The Home Partners Realty

  2545 Spottswood Ave, Memphis, TN 38114
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  /19

  $117,900

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  Raychel Day Renshaw Company, REALTORS

  829 Josephine St, Memphis, TN 38114
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  /2

  $9,000

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

  707 S Lauderdale St Unit 51, 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

  707 S Lauderdale St Unit 51, Memphis, TN 38126
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  /3

  $145,000

  • 5 Beds
  • 2 Baths
  • 1,946 Sq Ft

  3422 Tutwiler Ave, Memphis, TN 38122

  Turnkey duplex offering strong income potential. One unit features 2 bedrooms and 1 bath, while the other offers 3 bedrooms and 1 bath, providing flexible rental options. Both units were updated in 2025 prior to current tenants moving in, including fresh interior and exterior paint, updated countertops, new flooring, and other modern touches. Property is currently tenant occupied and cash

  Michael Valenza eXp Realty, LLC

  3422 Tutwiler Ave, Memphis, TN 38122
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  /3

  $89,900

  • 2 Beds
  • 1 Bath
  • 844 Sq Ft

  2741 Margot St, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $995/month. The lease ends on 8/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2741 Margot St, Memphis, TN 38118
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  /17

  $74,900

  • 4 Beds
  • 1 Bath
  • 1,100 Sq Ft

  1367 Hyde Park Blvd, Memphis, TN 38108

  Affordable 4-bedroom home with plenty of charm and potential! Inside, you’ll find a comfortable floor plan ready for your finishing touches. Perfect for those looking to invest, downsize, or personalize their next home. Don’t miss the opportunity to make it your own!

  Jonathan Nunez Fast Track Realty, LLC

  1367 Hyde Park Blvd, Memphis, TN 38108
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  /7

  $129,900

  • 3 Beds
  • 1 Bath
  • 1,086 Sq Ft

  2436 Chattering Ln, Memphis, TN 38127

  Excellent Turnkey Investment Opportunity! This beautifully renovated 3 bedroom, 1 bathroom home was fully updated in 2023 and offers true peace of mind for any investor. Major improvements include a brand-new roof, HVAC system, and water heater—ensuring long-term durability and low maintenance costs. Inside, the home features modern and stylish updates throughout, creating an attractive living

  Jeff Goff Keller Williams

  2436 Chattering Ln, Memphis, TN 38127
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  /20

  $109,999

  • 3 Beds
  • 2 Baths
  • 1,439 Sq Ft

  1503 Haywood Ave, Memphis, TN 38127

  Occupied Home Sits on Little Less than a 1/2 Acre, Offers Closed in Exterior Room for Outside Entertaining, with small Fish Pond. Washroom. Recently Renovated Kitchen. Living Room and Oversized Den. Conveniently Located with Easy Access to Millington and Downtown Memphis. No Wholesalers - No Assignment Options. Motivated Seller !

  Jason Hunter Hunter Management, LLC

  1503 Haywood Ave, Memphis, TN 38127
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  /6

  $25,000

  • 2 Beds
  • 1 Bath
  • 900 Sq Ft

  1112 Coppock St, Memphis, TN 38107

  Located at 1112 Coppock St, this 2-bedroom, 1-bathroom home is a great opportunity for investors looking to add to their rental portfolio or complete a renovation project. This property is being sold as-is and is priced to sell.

  Geraldine Lewis Keller Williams

  1112 Coppock St, Memphis, TN 38107
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  /13

  $140,000

  • 5 Beds
  • 1.5 Baths
  • 1,580 Sq Ft

  5235 Braden Dr, Memphis, TN 38127

  5-bedroom, 1.5-bath home delivers a layout that’s hard to find in today’s market. With multiple bedrooms, this property offers flexibility for large households, multigenerational living, home offices, or income-producing strategies Whether you’re a homeowner looking for room to grow or an investor seeking a high-bedroom-count property with strong rental potential, this home checks the boxes.

  Tia Jennings Keller Williams

  5235 Braden Dr, Memphis, TN 38127
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  /18

  $119,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  5163 Broken Oak Dr, Memphis, TN 38127

  Price improvement on this adorable 3 bedroom 1 bath!!! Amazing opportunity with all the work done and extras included at this price and fully renovated. Move in ready! Freshly painted inside and out. Do you want a home where you are paying for your own place instead of paying a landlord? Come and check this one out. You will see 3 photos with furniture and more that are virtually staged. This

  Saprina Bowman Crye-Leike, Inc., REALTORS

  5163 Broken Oak Dr, Memphis, TN 38127
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  /2

  $20,000

  • Land
  • 4,791 Sq Ft
  • $181,818 per Acre

  933 Tully St, Memphis, TN 38107

  Residential lot in uptown near downtown. Great lot ready to build! Minutes from the newly renovated Tom Lee Park.

  Crystal Mitchell Renshaw Company, REALTORS

  933 Tully St, Memphis, TN 38107
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  /9

  $100,000

  • 2 Beds
  • 1 Bath
  • 917 Sq Ft

  2716 Deadrick Ave, Memphis, TN 38114

  Great Occupied investment Opportunity! 2-Year Lease in Place! This property is currently occupied by a tenant who is paying $870 per month and is on a lease from 3/10/2026 until 3/09/2028. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

  Alex Evans Reedy & Company, REALTORS

  2716 Deadrick Ave, Memphis, TN 38114
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  /2

  $121,000

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

  4376 Howardcrest Dr, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1200.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed Crye-Leike, Inc., REALTORS

  4376 Howardcrest Dr, Memphis, TN 38128
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  /37

  $129,990

  • 4 Beds
  • 2 Baths
  • 1,516 Sq Ft

  1404 Cameron St, Memphis, TN 38106

  Price Reduced. Owner says SELL. Great opportunity for a First Time Buyer and cheaper than renting. This home has been refreshed and ready for a new buyer. Features 4 Bedrooms, 2 Baths, Hardwood / Broken tile flooring. Detached garage for plenty of storage space. Show and Sell today. Won't last long.

  Daryl Lewis Infinity Group REALTORS, Inc.

  1404 Cameron St, Memphis, TN 38106
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  /8

  $109,500

  • 2 Beds
  • 1 Bath
  • 894 Sq Ft

  3271 Seminole Rd, Memphis, TN 38111

  Great starter home for a first-time homebuyer. Featuring 2 bedrooms, 1 bath, with a large living room. Seller financing is offered.

  Tammy Coleman Legendary Realty

  3271 Seminole Rd, Memphis, TN 38111
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  /28

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,032 Sq Ft

  910 Annie St, Memphis, TN 38107

  Welcome to this charming 3 bedroom, 1 bathroom home featuring updated wood flooring and fresh paint throughout, giving the space a clean and inviting feel. The home offers a comfortable layout with plenty of natural light, creating a warm atmosphere from the moment you walk in. The updated flooring adds a modern touch while the neutral paint makes the home feel bright and move-in ready. With its

  Jeff Goff Keller Williams

  910 Annie St, Memphis, TN 38107
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  /6

  $99,000

  • 4 Beds
  • 2 Baths
  • 1,611 Sq Ft

  1165 Cannon St, Memphis, TN 38106

  PRICE REDUCED!! Step into this fully renovated 4-bedroom, 1-bath. With new HVAC, roofing, electrical and plumbing completed in "2025". The home features modern updates with fresh maintenance free exterior. The interior layout flows beautifully from the living area into a stylish kitchen with updated cabinetry, and plenty of counter space. Spacious bedrooms and updated bathroom. Move-in ready.

  Stephanie Moss BEST Real Estate Company

  1165 Cannon St, Memphis, TN 38106
• 

  

  /22

  $105,000

  • 3 Beds
  • 2.5 Baths
  • 1,551 Sq Ft

  3157 Tulip Poplar Dr, Memphis, TN 38115

  Motivated Seller! Beautifully maintained 3-bedroom, 2.5-bath townhome featuring a 2-car detached garage and a private patio perfect for relaxing or entertaining. This home has been freshly painted, giving it a fresh, move-in-ready feel throughout. The spacious layout offers comfortable living with well-sized bedrooms and functional living areas. Conveniently centrally located near shopping,

  KaTrina Kelly-Isom 4 Success Realty, LLC

  3157 Tulip Poplar Dr, Memphis, TN 38115
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  /10

  $30,000

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

  4731 Wild Plum Ct Unit 112, Memphis, TN 38118

  AWESOME INVESTOR OPPORTUNITY!! 3bedroom 1.5 bath This property has been freshly renovated and ready for your family or tenant. This can be bought as a package deal with 4731 Wild Plum Ct which is directly next door. PROPERTY IS BEING SOLD AS-IS. NO WHOLESALE OR BLIND OFFERS Pipe burst during ice storm. Repair was done and condo dried out sheetrock wasn't replaced.

  Kevin Brown eXp Realty, LLC

  4731 Wild Plum Ct Unit 112, Memphis, TN 38118
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  /2

  $87,500

  • 3 Beds
  • 1 Bath
  • 1,232 Sq Ft

  4097 Mossville St, Memphis, TN 38109

  Charming 3BR/1BA Home~Currently Tenant Occupied~Tenant's Rent is $891/mo~Professionally Managed by Local PM Company~Seller is also selling 3791 Marvin ($80k), 2933 N Radford ($70k) and 1898 McLemore ($107,500). Seller is not interested in creative financing offers or owner financing offers. Please do not disturb tenants. Write offer contingent on viewing/inspections.

  Jennifer Carstensen Real Estate Agency

  4097 Mossville St, Memphis, TN 38109
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  /4

  $4,500

  • Land
  • 4,356 Sq Ft
  • $45,000 per Acre

  0 Person W Unit 10218028, Memphis, TN 38109

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  0 Person W Unit 10218028, Memphis, TN 38109
• 

  

  /5

  $89,900

  • 3 Beds
  • 1 Bath
  • 960 Sq Ft

  3798 Ford Rd, Memphis, TN 38109

  This property will make a great first rental property or add to your rental portfolio! This property is perfect for DSCR financing! The section 8 tenant has been in the home since the owner purchased it in 2019! The monthly rent is $825 which is in line with the 1% rule that most investors look for. This home is professionally managed. It is 3 minutes from Levi Elementary School, 10 minutes from

  Verna Littleton Fast Track Realty, LLC

  3798 Ford Rd, Memphis, TN 38109
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  /2

  $12,000

  • Land
  • 3,049 Sq Ft
  • $171,429 per Acre

  0 Mccomb Ave, Memphis, TN 38107

  Vacant lot for sale! Located on McComb Ave, this parcel offers a buildable site in a residential neighborhood. Close to local amenities and major roads. Buyer to verify zoning, utilities, and permitted uses. Perfect for new construction or investment.

  Joshua Moss KAIZEN Realty, LLC

  0 Mccomb Ave, Memphis, TN 38107

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