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

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  /26

  $129,000

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

  1960 N Parkway Unit 109, Memphis, TN 38112

  New Hardwood Floors, Bathroom Remodeled, Kitchen Remodeled, Half Bath Updated, Super High Ceilings in this First Floor Unit! Beautirul New Appliances and Cabinets in Super Great Kitchen!!!! All Window Treatments Were Custom Made! (Furniture Currently in the Unit May Be Available for Sale as Seller has Moved to Furnished Living Center).. Maint Fee includes Utilities, Building Insurance, Termite

  Bill Malone Crye-Leike, Inc., REALTORS

  1960 N Parkway Unit 109, Memphis, TN 38112
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  /14

  $119,900

  • 3 Beds
  • 1 Bath
  • 1,053 Sq Ft

  1017 Gordon St, Memphis, TN 38122

  Cozy 3 bedroom, 1 bathroom home featuring comfortable living space and a decent-sized backyard, perfect for relaxing, grilling, or letting the kids and dogs run. A great place to call home.

  Crystal Mitchell Renshaw Company, REALTORS

  1017 Gordon St, Memphis, TN 38122
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  /6

  $139,874

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

  4195 Cedartree Dr, Memphis, TN 38141

  TENANT OCCUPIED BACK ON MARKET BUYER FINANCING What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a

  Tijuana Wallace Keller Williams

  4195 Cedartree Dr, Memphis, TN 38141
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  /9

  $119,900

  • 3 Beds
  • 1.5 Baths
  • 985 Sq Ft

  3679 Glenburee Cove, Memphis, TN 38109

  Instant cash flow, zero hassle. This fully renovated 3BR/1.5BA home is truly turnkey with major upgrades throughout—new HVAC, fresh paint inside and out, updated kitchen and baths, new flooring, and improved systems for low-maintenance ownership. Professionally managed and already leased at $992/month through 7/31/26, delivering reliable income from Day 1. Buy today, get paid tomorrow. Perfect

  Will Morgan Marathon REALTORS, LLC

  3679 Glenburee Cove, Memphis, TN 38109
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  /12

  $129,900

  • 3 Beds
  • 1.5 Baths
  • 922 Sq Ft

  2955 Lake Park Rd, Memphis, TN 38127

  This move-in-ready home offers a great opportunity for both investors and owner-occupants. Situated on a desirable corner lot, the property is conveniently located just minutes from major employment centers, including the Amazon and Nike facilities. New construction across the street highlights ongoing growth and reinvestment in the surrounding area, adding to the long-term appeal of this

  Jackson Gillihan Coldwell Banker Collins-Maury

  2955 Lake Park Rd, Memphis, TN 38127
• 

  

  /23

  $89,900

  • 2 Beds
  • 1 Bath
  • 1,061 Sq Ft

  726 E Gage Ave, Memphis, TN 38106

  Property selling as follows: As-Is Where-Is. Entire house has been renovated. New wood fence around property. This cute house just got a makeover! It has a new roof, so it’s all set for any weather. Inside, there are two bedrooms and one bathroom, all redone and looking great. The floors are new everywhere in the house, making it feel fresh. The kitchen has shiny new appliances, ready for you to

  KC Lam Cordova Realty, Inc.

  726 E Gage Ave, Memphis, TN 38106
• 

  

  /18

  $139,950

  • 3 Beds
  • 1 Bath
  • 1,083 Sq Ft

  710 Vaughn Rd, Memphis, TN 38122

  Charming 3 bedroom/1 bath home on quiet street. Close to lots of amenities! Low maintenance exterior ~ Spacious living room features hardwoodwith lots of natural light ~ Updated kitchen ~ Spacious bedrooms ~ Hall bath features tile shower ~ Large fenced back yard with storage shed!

  KC Lam Cordova Realty, Inc.

  710 Vaughn Rd, Memphis, TN 38122
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  /10

  $143,000

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

  4585 S Berrypick Ln, Memphis, TN 38141

  Very Nice starter Home or Rental.3 Bedrooms, 2 Full Baths, Kitchen with eat-in area. There is a small fenced in Backyard plus a huge detached garage/Workshop. House is neat and clean and is in good shape. House has had some freshening-up work done that includes new flooring ,fresh paint, etc.

  Billy Price Crye-Leike, Inc., REALTORS

  4585 S Berrypick Ln, Memphis, TN 38141
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  /7

  $110,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3075 Debby St, Memphis, TN 38127

  Welcome to 3075 Debby Street, Memphis, TN 38127! This 3-bedroom, 1-bath home combines charm and modern updates, featuring hard surface flooring throughout and a bright, spacious living area. The kitchen boasts large shaker cabinets, while central heat and air provide year-round comfort. The large fenced backyard is ideal for outdoor activities or entertaining. Fully tenanted, this property offers

  James Wachob Foundation Property Management

  3075 Debby St, Memphis, TN 38127
• 

  

  /23

  $130,000

  • 2 Beds
  • 1 Bath
  • 759 Sq Ft

  2881 Tutwiler Ave, Memphis, TN 38112

  Extensively rebuilt and taken down to the frame, this home features all new major systems — including roof, HVAC, electrical, and plumbing. The original brick exterior preserves its character while everything inside is brand new. This beautifully designed 2-bedroom, 1-bath offers a modern kitchen with new appliances throughout. Enjoy a spacious backyard with a brand-new fence and metal gate for

  Gloria De Leon Fast Track Realty, LLC

  2881 Tutwiler Ave, Memphis, TN 38112
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  /2

  $38,000

  • 2 Beds
  • 1 Bath
  • 819 Sq Ft

  3110 Kingston St, Memphis, TN 38127

  3110 Kingston Street is a single-family home included in a high-value investment package—perfect for buyers looking to grow their real estate portfolio efficiently. This property offers strong rental potential and long-term appreciation, making it an ideal addition for investors seeking steady income and future gains. Located in a convenient area with access to major roads, shopping, and everyday

  Lauren Cansler Crye-Leike, Inc., REALTORS

  3110 Kingston St, Memphis, TN 38127
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  /2

  $12,000

  • Land
  • 0.05 Acre
  • $240,000 per Acre

  0 Red Oak St, Memphis, TN 38112

  Vacant residential parcel. Buildable lot with nearby homes and community amenities. Convenient location near local shopping, schools, and transportation. Utilities available nearby (buyer to verify). Ideal for custom home building or investment.

  Joshua Moss KAIZEN Realty, LLC

  0 Red Oak St, Memphis, TN 38112
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  /10

  $109,901

  • 3 Beds
  • 1 Bath
  • 1,236 Sq Ft

  1047 N Highland St, Memphis, TN 38122

  Charming, full of personality, and perfectly positioned on iconic N Highland! This inviting home blends classic character with modern comfort, all just steps from local coffee, dining, and Memphis culture. Bright interiors, thoughtful updates, and an unbeatable walkable location make this one a standout. Ideal for an owner-occupant or high-demand rental. Homes like this don’t last—come see it

  Matt Mitchell Reid, REALTORS

  1047 N Highland St, Memphis, TN 38122
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  /4

  $150,000

  • Land
  • 1.43 Acres
  • $104,895 per Acre

  10972 U S Highway 64, Arlington, TN 38002

  BACK ON THE MARKET. For sale is the total of 1.43 acres for the lots located at 10972 and 10982. The property was rezoned as general commercial. There is about 261 feet of road frontage. Electrical and water are at the street. Soil map has been done for septic permit application.

  Elena Holcomb John Green & Co., REALTORS

  10972 U S Highway 64, Arlington, TN 38002
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  /2

  $7,250

  • Land
  • 0.42 Acre
  • $17,262 per Acre

  3602 Silas Rd, Memphis, TN 38109

  Great opportunity for builders & investors. Lot is zones R-6, single family residential. Purchase this lot 0 Silas and 3602 Silas as a package deal or individually. Go by and check out this great opportunity.

  Angelita Parham KAIZEN Realty, LLC

  3602 Silas Rd, Memphis, TN 38109
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  /15

  $139,500

  • 3 Beds
  • 1 Bath
  • 1,055 Sq Ft

  3648 Miami Cove, Memphis, TN 38111

  Newly Renovated Single Family Brick Home. located in established neighborhood near shopping, dining and 10 mins. from University of Memphis Freshly painted interior & exterior, refinished hardwood floors, kitchen w/custom cabinets and appliances, bathroom has been updated. New Hot Water Heater. New Roof to be installed prior to closing. Seller will contribute to Buyer's closing cost. A must see

  Helen Jackson Good Shepherds Realty & Invest

  3648 Miami Cove, Memphis, TN 38111
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  /33

  $94,900

  • 3 Beds
  • 1 Bath
  • 1,264 Sq Ft

  3535 Hallbrook St, Memphis, TN 38127

  This charming 3-bedroom, 1-bathroom ranch-style home is situated on a spacious 0.29-acre level lot in the established Hallbrook subdivision. The functional 884 sq. ft. floorplan is significantly enhanced by the addition of a generous family room, a large, versatile bonus room and a 10x8 utility room with laundry hook-ups. The interior features a traditional layout with a separate den area, while

  Tiffany Jones Trelora Realty

  3535 Hallbrook St, Memphis, TN 38127
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  /32

  $150,000

  • 3 Beds
  • 1.5 Baths
  • 1,354 Sq Ft

  1343 Dove St, Memphis, TN 38127

  1% CASH FLOW- ONE YEAR BUILDER WARRANTY . RENTED MHA $1450.00- 3 BR 2 Bath home fully renovated in 2025- New roof, exterior paint, new floors, bathrooms, and kitchen, LVT and tile flooring, new condenser, new furnace, hot water heater, lighting, and fixtures. Can be sold as a pkg with the following MLS listings: 10212251, 10212253, 10212254, 10212255. Some photos are staged. No owner finance or

  Brett Bernard The Stamps Real Estate Company

  1343 Dove St, Memphis, TN 38127
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  /27

  $150,000

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

  2663 Central Terrace Unit 30, Memphis, TN 38111

  Welcome to a prime unit in Villas at Chickasaw Condominiums, your secure, gated retreat in the heart of Midtown just minutes from the Liberty Bowl Stadium, U of M, and CBU! This stylish condo is designed for modern living. The main level boasts an open-concept living and dining area, complemented by a stunning kitchen featuring a central island, stainless steel appliances, updated lighting, and a

  MeYucca Rayner Crye-Leike, Inc., REALTORS

  2663 Central Terrace Unit 30, Memphis, TN 38111
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  /5

  $72,000

  • Land
  • 1.83 Acres
  • $39,344 per Acre

  00 Raleigh Millington Rd, Memphis, TN 38128

  Almost 2 acres in a great location.

  Alex Da Ponte Sowell, Realtors

  00 Raleigh Millington Rd, Memphis, TN 38128
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  /13

  $85,000

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  2570 Malone Ave, Memphis, TN 38114

  Recently Renovated Home ~ Hardwood Floors ~ Updated Lights~ Two Spacious Bedrooms and One Updated Bathroom with Tile Surround ~ Nice Kitchen Cabinets and Tops ~ Recent Roof ~ Updated Lights and Fans ~ Great for Investor or First Time Home Buyer

  Taj Schuerman Keller Williams Realty

  2570 Malone Ave, Memphis, TN 38114
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  /14

  $139,900

  • 4 Beds
  • 2 Baths
  • 1,647 Sq Ft

  2721 Nix Cove, Memphis, TN 38127

  Recent rehab in past 2 years. Tenant occupied currently rented for $1,395 month. Valid lease until 9/26. Pictures are after rehab and before tenant. Great turn key rental.

  Joe King Marathon REALTORS, LLC

  2721 Nix Cove, Memphis, TN 38127
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  /37

  $104,900

  • 4 Beds
  • 2.5 Baths
  • 1,612 Sq Ft

  4646 Applegate Rd, Memphis, TN 38109

  Welcome to 4646 Applegate Rd in Memphis! This beautiful 1.5-story brick single-family home offers great curb appeal, an attached 1-car carport, and a fenced yard. Inside, the home features neutral colors, abundant natural light, and gorgeous flooring throughout. The main level includes a large living room, a formal dining room, and a kitchen equipped with a range and space for your favorite

  Tiffany Jones Trelora Realty

  4646 Applegate Rd, Memphis, TN 38109
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  /25

  $115,000

  • 1 Bed
  • 1 Bath
  • 487 Sq Ft

  109 N Main St Unit 808, Memphis, TN 38103

  Live in the heart of downtown Memphis at the historic Claridge House on North Main! This freshly painted cozy studio condo offers stunning north-facing views of the city skyline and the iconic Pyramid. Enjoy a bright, open layout with updated modern lighting, a stylish backsplash, and brand-new kitchen appliances. The building is rich in amenities, including an indoor pool, gym, storage, rooftop

  Donnie Morrow eXp Realty, LLC

  109 N Main St Unit 808, Memphis, TN 38103
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  /13

  $99,000

  • 4 Beds
  • 2 Baths
  • 1,227 Sq Ft

  3569 Russelwood Dr, Memphis, TN 38128

  4 bedroom, 2 bath home offers a functional layout with lots of potential. Whether you're a owner occupant ready to add a few splashes and personal touches to make this home your own or a investor looking for your next opportunity, this property presents great possibilities! This home is being sold in as is condition.

  Fredrick Cunningham Keller Williams

  3569 Russelwood Dr, Memphis, TN 38128
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  /2

  $22,000

  • 3 Beds
  • 2 Baths
  • 1,008 Sq Ft

  1433 Leflore Place, Memphis, TN 38106

  Apart of a 22 house package. Great opportunity for rental income. Reach out to agent for more information on package!

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  1433 Leflore Place, Memphis, TN 38106
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  /17

  $84,999

  • 3 Beds
  • 1 Bath
  • 819 Sq Ft

  1688 Pendleton St, Memphis, TN 38114

  Wonderful 2 bedroom one bathroom home that has several recent upgrades and wonderful features including: exposed brick wall, updated kitchen, downstairs basement, painted wood exterior, large side porch, big backyard, etc. This home has a huge upstairs that could be a bonus room or extra storage area. ONLINE VIDEO AVAILABLE. Utilities are currently on and immediate possession is available. Seller

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1688 Pendleton St, Memphis, TN 38114
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  /2

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,218 Sq Ft

  1086 E Trigg Ave, Memphis, TN 38106

  This investment offers an opportunity with a tenant already in place and generating monthly income of $950. It provides immediate cash flow at closing, making it ideal for both new and experienced investors seeking a stable addition to your portfolio. This property delivers reliable performance and long-term potential. Professional management is available if desired, allowing for a seamless and

  Terrance Hill eXp Realty, LLC

  1086 E Trigg Ave, Memphis, TN 38106
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  /15

  $139,000

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3491 Hallbrook St, Memphis, TN 38127

  Beautiful home for first time home buyer owner still putting some small finishing touches on the exterior. More pictures to come. New windows. interior doors, new flooring, updated bathroom, updated kitchen, new patio, there will be a new gate and fence installed, freshly painted interior and exterior. very large backyard great for family gatherings.

  Michelle Batts KAIZEN Realty, LLC

  3491 Hallbrook St, Memphis, TN 38127
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  /9

  $18,000

  • Land
  • 0.17 Acre
  • $105,882 per Acre

  1539 Marjorie St, Memphis, TN 38106

  Discover the perfect opportunity to build your dream home or investment property. This lot offers convenient access to existing plumbing and electricity, saving you time and money during development. The property provides easy access to major roads, schools, and local amenities—ideal for both homeowners and builders.

  Danielle Adkins Harris Realty Services

  1539 Marjorie St, Memphis, TN 38106
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  /8

  $117,000

  • 3 Beds
  • 2 Baths
  • 1,094 Sq Ft

  4778 Daphne Rd, Memphis, TN 38118

  Great opportunity for a homeowner looking for an affordable place to call their own. This well-priced home in a convenient Memphis location offers comfortable living space and a practical layout that makes it easy to settle in and make it your own. Whether you're a first-time buyer looking to stop renting or someone searching for a solid, budget-friendly home, this property is a great option.

  Ashley Claunch Premier Realty Group, LLC

  4778 Daphne Rd, Memphis, TN 38118
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  /2

  $107,500 Coming Soon

  • 3 Beds
  • 1 Bath
  • 1,390 Sq Ft

  1251 Lamar Ave, Memphis, TN 38104

  Make this home your project. Complete rehab needed. AS-IS

  Andre Pruitt TRG Real Estate Services LLC

  1251 Lamar Ave, Memphis, TN 38104
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  /21

  $56,290

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115

  Nice, beautiful and well kept 2bedroom 2bathroom townhome in Cambridge Condominium. Nice size backyard for bbq's and nice gatherings. Unit is freshly painted and kitchen cabinets had been renewed. Low taxes and low HOA dues. This townhome is a little gem with great potentials.

  Jonathan Minerick homecoin.com

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115
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  /9

  $145,000

  • 3 Beds
  • 1.5 Baths
  • 1,127 Sq Ft

  5207 Breckenwood Dr, Memphis, TN 38127

  1% CASH FLOW- ONE YEAR BUILDER WARRANTY and TENANT PLACEMENT. MHA RENT $1500.- 3 BR 1.5 Bath home fully renovated- new roof, exterior paint, bathrooms and kitchen, new condenser, new furnace, hot water heater, lighting, and fixtures. Can be sold as a pkg with the following MLS listings: 10212251, 10212252, 10212253, 10212255. No owner finance or wholesalers. Home is currently vacant- contact

  Brett Bernard The Stamps Real Estate Company

  5207 Breckenwood Dr, Memphis, TN 38127
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  /14

  $74,900

  • 2 Beds
  • 1 Bath
  • 936 Sq Ft

  689 Baltimore St, Memphis, TN 38114

  Excellent investment opportunity in Orange Mound. Seller just did a rent ready.

  Caleb Parr Renshaw Company, REALTORS

  689 Baltimore St, Memphis, TN 38114
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  /2

  $38,000

  • 4 Beds
  • 1 Bath
  • 1,148 Sq Ft

  2331 Staten Ave, Memphis, TN 38108

  4 bedrooms 1 bath, need complete renovation

  Christine Abston REMAX Experts

  2331 Staten Ave, Memphis, TN 38108
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  /15

  $55,000

  • 3 Beds
  • 1 Bath
  • 1,184 Sq Ft

  341 E Mclemore Ave, Memphis, TN 38106

  Investor Special! This home will require renovations. Renovation needed. Home listed as a 3 bed 1 bath but was used as a 4 bed 1 bath. Special perks: Tin roof. The Lot goes from McLemore to Simpson. Agent has checked and new owner could subdivide the lot and building another home on the Simpson side or sell the other lot.

  Jasmine Owens The Home Partners Realty

  341 E Mclemore Ave, Memphis, TN 38106
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  /2

  $92,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  901 N Mansfield St, Memphis, TN 38107

  Apart of a 22 house package. Great opportunity for rental income. Reach out to agent for more information on package!

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  901 N Mansfield St, Memphis, TN 38107
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  /8

  $120,500

  • 2 Beds
  • 2 Baths
  • 1,092 Sq Ft

  706 Lester St, Memphis, TN 38112

  Turnkey rental in Binghampton ready to be added to your portfolio! 1br units each side, one side leased for $599 from 02/2026-02/2028 and other side $600! Minutes away from Overton Park, tons of shopping, dining and amenities along Summer and Broad Ave, also easy access to I-40. Please don’t disturb tenants and make all offers contingent upon inspection.

  Duane Kinnard Tri-Leake Realty

  706 Lester St, Memphis, TN 38112
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  /6

  $8,500

  • 4 Beds
  • 1 Bath
  • 1,664 Sq Ft

  1135 Rayner St, Memphis, TN 38106

  Investor special! This home is a full burnout and being sold AS-IS. No repairs or warranties will be made. Fire damage is extensive and visible throughout the interior. Great opportunity for a full gut renovation or teardown and rebuild in an established neighborhood. Do you due diligence before submitting and offer. No assignments will be allowed.

  Koby Drake Keller Williams

  1135 Rayner St, Memphis, TN 38106

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