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

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  /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.

  LaQuita Jordan Trelora Realty

  4998 Penwood Cove, Memphis, TN 38118
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  /3

  $109,900

  $15K PRICE DROP

  • 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
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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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  /17

  $54,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 990 Sq Ft

  770 E Davant Ave, Memphis, TN 38106

  Brick home that is priced to sell. Long driveway, hardwood floors, painted cabinets, big bedrooms, nice floorplan. This home could be very nice once rehabbed. Could be a great primary residence or investment property. Many homes in this area are being rehabbed and sold for more money. Cash offers only. ONLINE VIDEO AVAILABLE UPON REQUEST. No wholesales, no assignments.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  770 E Davant Ave, Memphis, TN 38106
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  /5

  $65,000

  • 2 Beds
  • 2 Baths
  • 1,102 Sq Ft

  3990 Grahamdale Cir Unit 3990A, Memphis, TN 38122

  Great investment opportunity! This tenant-occupied, Section 8 condo offers immediate cash flow with current monthly rental income of $1,200. Located in the established Grahamwood Condominiums, this spacious 2-bedroom, 2-bath unit features approximately 1,140 square feet, a functional two-story floor plan, private patio, and assigned parking. Conveniently located near shopping, dining, major

  Tanika Bland BEST Real Estate Company

  3990 Grahamdale Cir Unit 3990A, Memphis, TN 38122
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  /10

  $95,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 946 Sq Ft

  3342 Ashland St, Memphis, TN 38127

  Currently leased at $895 per month through 03/10/2028. Investor-ready single-family home offering strong rental appeal and long-term value potential. Features a functional layout, durable finishes, bright living spaces, and practical kitchen and bath areas with recent seller improvements. The exterior offers solid curb appeal and a usable yard, creating a low-maintenance investment opportunity.

  James Wachob Foundation Property Management

  3342 Ashland St, Memphis, TN 38127
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  /2

  $90,000

  • 3 Beds
  • 1 Bath
  • 1,074 Sq Ft

  3621 University St, Memphis, TN 38127

  Robert Anderson Grace Realty Company

  3621 University St, Memphis, TN 38127
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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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  /6

  $30,000

  $10K PRICE DROP

  • 2 Beds
  • 2 Baths

  1439 Menager Rd, Memphis, TN 38106

  Investor special! Great opportunity to restore or add to your rental portfolio. This 2-bedroom, 2-bath home is being sold as-is with renovations already started. Conveniently located near downtown Memphis, schools, and major highways. Bring your vision and finish it your way. Cash or renovation financing preferred.

  Melody Mitchell TRUST REALTY GROUP

  1439 Menager Rd, Memphis, TN 38106
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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

  $10K PRICE DROP

  • 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

  $75,000

  $5K PRICE DROP

  • Land
  • 8.54 Acres
  • $8,782 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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  /15

  $94,900

  • 4 Beds
  • 2 Baths
  • 1,234 Sq Ft

  3613 Russelwood Dr, Memphis, TN 38128

  Discover comfort and convenience in this charming 4-bedroom, 2-bath home located in the heart of Memphis. The bright, open floor plan features a spacious living area perfect for entertaining and a kitchen equipped with modern appliances. Retreat to the primary suite featuring an en-suite bath for added privacy. Outside, enjoy a generous backyard ideal for weekend gatherings or quiet mornings.

  LaQuita Jordan Trelora Realty

  3613 Russelwood Dr, Memphis, TN 38128
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  /12

  $149,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,633 Sq Ft

  6209 Ridgeline Dr, Memphis, TN 38115

  New Carpet and New Paint, Vynal Plank Glue Down New in Living area's Bedrooms have Carpet, Rental Rate 1,250-1,425 Based on Actual Rental rates in the area. Investors or First time home buyers welcome

  Jason Arms Memphis Area Rentals

  6209 Ridgeline Dr, Memphis, TN 38115
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  /2

  $94,900

  • 3 Beds
  • 2 Baths
  • 1,129 Sq Ft

  2439 Durham Ave, Memphis, TN 38127

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2439 Durham Ave, Memphis, TN 38127
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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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  /23

  $144,400

  $8K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,113 Sq Ft

  3687 Bedford Ln, Memphis, TN 38118

  FINAL & BEST OFFERS DUE BY JULY 31! Don't miss this opportunity to own this beautifully updated 3-bedroom, 1.5-bath home offering comfort, convenience, and exceptional value. Recent improvements include updated kitchen cabinetry, countertops, sink, faucet, subway tile backsplash, updated bathroom vanities, mirrors, and light fixtures, along with stylish lighting in the kitchen. The kitchen comes

  Bryant Smith THE PROFESSIONAL AGENCY

  3687 Bedford Ln, Memphis, TN 38118
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  /12

  $80,000

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4530 Beacon Hill Dr, Memphis, TN 38127

  Why rent when you can own? This well-maintained one-level home offers an affordable opportunity to enjoy the benefits of home ownership without taking on a major renovation project. The spacious layout is designed for everyday living, with durable new luxury vinyl plank flooring in the main living areas and plenty of natural light throughout. The kitchen has been refreshed with new cabinets and

  Melissa Blume Thompson eXp Realty

  4530 Beacon Hill Dr, Memphis, TN 38127
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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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  /15

  $122,500

  $4K PRICE INCREASE

  • 1 Bed
  • 1 Bath
  • 667 Sq Ft

  109 N Main St Unit 410, Memphis, TN 38103

  Updated condo just minutes away from restaurants, shopping, hospitals, schools, and more! Wood floors throughout, updated kitchen with backsplash and stainless steel appliances and more. Same floor laundry, onsite management, cleaning services, and a business center. The amenities include hot tub, pool, access to rooftop, 24/7 Exercise Facility, On-site Storage, Penthouse Party Room Parking is

  Daniel Demers Sell Your Home Services, LLC

  109 N Main St Unit 410, Memphis, TN 38103
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  /20

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,608 Sq Ft

  3042 Curtis St, Memphis, TN 38118

  Charming all-brick ranch with soaring vaulted ceilings and rustic exposed wood beams that give this home real character. The open-concept living and dining area features a stunning full brick accent wall and flows into the spacious eat-in kitchen. Spacious bedrooms offer beautiful hardwood floors and great natural light. The primary bedroom features an en-suite half bath. Mature trees and solid

  Jennifer Carstensen Real Estate Agency

  3042 Curtis St, Memphis, TN 38118
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  /27

  $145,900

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,456 Sq Ft

  4386 Melwood St, Memphis, TN 38109

  Looking for a move-in ready home with updates, space, and exciting growth all around? This beautifully updated 4-bedroom, 2-bath home in the heart of Westwood is one you don't want to miss! Renovated kitchen, Updated bathrooms Brand new roof, Spacious floor plan Huge yard perfect for entertaining, gardening, or family gatherings Covered parking for added convenience Location Highlights: Situated

  Cassandra Bell-Warren 4 Success Realty, LLC

  4386 Melwood St, Memphis, TN 38109
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  /3

  $149,900

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

  961 N Highland St, Memphis, TN 38122

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers 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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  /2

  $20,000

  • Land
  • 9,147 Sq Ft
  • $95,238 per Acre

  1054 Atlantic St, Memphis, TN 38112

  Builder/developer opportunity featuring 41 RU-1 zoned infill parcels in Memphis, TN. Parcels are primarily clustered along Atlantic St, Crump Ave, and Henry Ave and were previously improved with duplexes. Ideal for experienced builders, infill developers, or phased build-to-rent communities. Opportunity for economies of scale with bulk acquisition pricing available.

  Jonathan Minerick homecoin.com

  1054 Atlantic St, Memphis, TN 38112
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  /12

  $124,900

  • 2 Beds
  • 1 Bath
  • 1,105 Sq Ft

  3463 Tutwiler Ave, Memphis, TN 38122

  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

  3463 Tutwiler Ave, Memphis, TN 38122
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  /19

  $79,900

  • 3 Beds
  • 1 Bath
  • 1,043 Sq Ft

  5037 Blacksmith Dr, Memphis, TN 38127

  Charming 3-bedroom, 1-bath home in Memphis featuring a functional layout with comfortable living spaces and updated flooring that includes wood laminate and carpeted areas. The kitchen offers convenient access to the dining and living areas, creating an easy flow for everyday living. Spacious bedrooms provide flexibility for family, guests, or a home office. The property includes public water and

  Carl Purifoy Trelora Realty

  5037 Blacksmith Dr, Memphis, TN 38127
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  /2

  $84,000

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,135 Sq Ft

  1964 Clifton Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $750.00 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 15 other rental houses available also.

  Harry Samuels Pinnacle Realty

  1964 Clifton Ave, Memphis, TN 38127
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  /2

  $125,000

  • Land
  • 9.15 Acres
  • $13,661 per Acre

  0 W St Elmo Ave Unit 10224507, Memphis, TN 38128

  Property is zoned for single family residential. The property is over 9 acres.

  Jabari Bailey The Bailey Company Realty, Inc

  0 W St Elmo Ave Unit 10224507, Memphis, TN 38128
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  /2

  $5,950

  • Land
  • 7,405 Sq Ft
  • $35,000 per Acre

  1384 Nicholas St, Memphis, TN 38107

  Whether you’re a first-time homebuyer looking to build equity or a family wanting both community and convenience, this land will offer a unique chance to own a piece of Memphis history while investing in its future. pc# 039017 00019C Just miles away: Mississippi Boulevard Christian Church + Meharry Medical College launch a $310M Midtown makeover—big growth is coming!

  Karen Walker Epique Realty

  1384 Nicholas St, Memphis, TN 38107
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  /3

  $86,400

  $9K PRICE DROP

  • 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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  /13

  $50,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,348 Sq Ft

  1117 Breedlove St, Memphis, TN 38107

  Property is boarded up, agent will need to bring a drill to remove boards. No showings without accepted offer. Needs TLC and is being sold AS IS. Seller will not connect utilities. Projected monthly rent of $1,050. Investor opportunity featuring a 3BR/1BA home with approx. 1,348 SF, separate living and dining areas, hard-surface flooring, an updated kitchen with shaker-style cabinets, central

  James Wachob Foundation Property Management

  1117 Breedlove St, Memphis, TN 38107
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  /17

  $74,900

  $10K PRICE DROP

  • 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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  /6

  $25,000

  $5K PRICE DROP

  • 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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  /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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  /11

  $96,900

  • 3 Beds
  • 2 Baths
  • 936 Sq Ft

  160 Silverage Ave, Memphis, TN 38109

  Welcome to this beautifully renovated 3-bedroom, 2-bathroom home where modern upgrades meet effortless living. Every detail has been thoughtfully refreshed, from sleek new cabinetry and stylish flooring to bright, open living spaces designed to feel warm and inviting. Enjoy fully updated bathrooms, afresh contemporary color palette, and a clean, move-in-ready finish that appeals to today’s

  Jonathan Nunez Fast Track Realty, LLC

  160 Silverage Ave, Memphis, TN 38109
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  /2

  $90,000

  • 4 Beds
  • 1 Bath
  • 1,168 Sq Ft

  3673 Suzanne 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

  3673 Suzanne Dr, Memphis, TN 38127
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  /7

  $152,000

  • 3 Beds
  • 2 Baths
  • 1,087 Sq Ft

  4431 Shadow Leaf Cove N, Memphis, TN 38128

  Beautiful and maintained home for sell in the Bishop Hills area in Raleigh. Home is tucked away in a quiet cove and is currently professionally managed and occupied. Current lease ends in August 2026 and rents for $1345. Home built in 2000. Roof is less than 5 years old. HVAC replaced in 2019 and HWH in 2023. No city taxes! Do not disturb tenants. Call listing agent for details. Access upon

  Andrew Akins CB Properties of Memphis, LLC

  4431 Shadow Leaf Cove N, Memphis, TN 38128
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  /37

  $110,000

  $40K PRICE DROP

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

  1404 Cameron St, Memphis, TN 38106

  ****BACK ON THE MARKET**** 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. Easy to show.

  Daryl Lewis Infinity Group REALTORS, Inc.

  1404 Cameron St, Memphis, TN 38106
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  /2

  $20,000

  • Land
  • 8,712 Sq Ft
  • $100,000 per Acre

  883 S Willett St, Memphis, TN 38114

  Great opportunity to build on a vacant residential lot in Memphis. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements

  Crystal Mitchell Renshaw Company, REALTORS

  883 S Willett St, Memphis, TN 38114

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