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

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  /4

  $50,000

  • Land
  • 7,840 Sq Ft
  • $277,778 per Acre

  0 Vance Ave, Memphis, TN 38103

  Vacant, cleared, and level commercial lot near Downtown Memphis ready for development! 893 Vance offers a flexible infill site with CMU-3 zoning, allowing for a wide range of potential commercial or mixed-use possibilities. Convenient access to nearby major corridors makes this a practical, central option for an investor, owner-user, or developer. Property is sold as-is. Buyer to verify zoning,

  Elliot Cerezo The Home Partners Realty

  0 Vance Ave, Memphis, TN 38103
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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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  /2

  $8,500

  • Land
  • 6,534 Sq Ft
  • $56,667 per Acre

  1396 Nicholas St, Memphis, TN 38107

  Minutes from downtown, this parcel of land is where a buyer can plant roots. Get it Today. pc# 039017 00017 Just miles away: Mississippi Boulevard Christian Church + Meharry Medical College launch a $310M Midtown makeover—big growth is coming!

  Karen Walker Epique Realty

  1396 Nicholas St, Memphis, TN 38107
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  /11

  $134,900

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,276 Sq Ft

  2859 Nathan Ave, Memphis, TN 38112

  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

  2859 Nathan Ave, Memphis, TN 38112
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  /33

  $144,900

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,916 Sq Ft

  3265 Brakebill Cove, Memphis, TN 38116

  Located on a quiet cul-de-sac in the Graves Road subdivision, this classic brick-veneer residence offers a spacious 1,916 square foot floorplan on a level 0.229-acre (9975 sqft) lot. Built in 1967, the interior features three bedrooms and two full bathrooms, highlighted by a traditional layout that includes a formal dining room and a dedicated breakfast nook conveniently located off the kitchen.

  Alexis Martz Trelora Realty

  3265 Brakebill Cove, Memphis, TN 38116
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  /30

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,416 Sq Ft

  4255 Emerson Cove, Memphis, TN 38128

  Quiet cove living in the heart of Raleigh! This solid 3-bedroom, 1-bathroom brick ranch offers approximately 1,416 sq. ft. of comfortable living space. The interior features a functional layout with all bedrooms on the main level, separate living areas, and a mix of hardwood and tile flooring. The exterior boasts a low-maintenance brick veneer, a two-car attached carport, and a spacious level lot

  Christopher Stjernholm Trelora Realty

  4255 Emerson Cove, Memphis, TN 38128
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  /20

  $129,000

  • 2 Beds
  • 2 Baths
  • 1,421 Sq Ft

  958 Birch St, Memphis, TN 38108

  ATTENTION INVESTORS! This spacious 3 bedroom 2 bathroom house will make an excellent addition to your portfolio! Completely refurbished and rented for $1,150/month and under professional management. Home features spacious den with fireplace, separate dining room, large master bedroom with convenient exterior access, large upstairs storage area, and much more! Conveniently located 1 mile from

  Jeremy Veldman KAIZEN Realty, LLC

  958 Birch St, Memphis, TN 38108
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  /2

  $10,500

  $2K PRICE DROP

  • Land
  • 3,049 Sq Ft
  • $150,000 per Acre

  0 Driver St, Memphis, TN 38126

  Great parcel of land for a developer or investor! Willing to sell as a bundle with other lots.

  Chinna Prude C21 Patterson & Assoc. Real Es

  0 Driver St, Memphis, TN 38126
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  /17

  $125,000

  • 2 Beds
  • 2 Baths
  • 910 Sq Ft

  3589 Covington Pike Unit 116, Memphis, TN 38128

  Completely updated, new flooring, new paint, new granite countertops, new baths. First floor with incredible view off patio. - must see! Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 2 bedroom 2 bath. Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant,

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 116, Memphis, TN 38128
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  /11

  $99,900

  • 3 Beds
  • 1 Bath
  • 1,068 Sq Ft

  1198 Canary Ln, Memphis, TN 38109

  Tenant-occupied 3 bed with a charming brick exterior. Inside, your tenant will enjoy low-maintenance plank flooring in kitchen and living areas, tile in the baths and cozy carpet in the bedrooms. The fenced backyard offers space for entertaining friends and family. This property is an excellent addition to any investment portfolio, with a tenant in place. Professionally managed for added peace of

  Camela Henke Enterprise, REALTORS

  1198 Canary Ln, Memphis, TN 38109
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  /35

  $79,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,110 Sq Ft

  3613 Debby Dr, Memphis, TN 38127

  Welcome to your serene oasis in the heart of Memphis! This charming single-story ranch home offers an inviting blend of comfort and convenience. Boasting three well-appointed bedrooms, this residence is perfect for families or anyone seeking a spacious retreat. The thoughtfully designed layout features one full bathroom, ensuring every space is both practical and comfortable. Step inside to

  Alexis Martz Trelora Realty

  3613 Debby Dr, Memphis, TN 38127
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  /13

  $49,900

  • 3 Beds
  • 1 Bath
  • 1,050 Sq Ft

  2495 Winnona Ave, Memphis, TN 38108

  This great investment will not last long. Easy to view. Plenty of space with 2 living rooms. With all offers please submit proof of funds or commitment letter. The seller would prefer buyer view interior before making any offers. The kitchen is an open floor plan.

  Micah Layman Ware Jones, REALTORS

  2495 Winnona Ave, Memphis, TN 38108
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  /16

  $80,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  2815 Alvin Ave, Memphis, TN 38114

  Cute 3-bedroom one bath property in a cove. Kitchen and bath have both been updated. Hardwood and vinyl flooring throughout. Large backyard space great for entertaining. Would be great for either a first-time homeowner or an investor. Schedule your appointment today!!!!

  Karen Gray REMAX Experts

  2815 Alvin Ave, Memphis, TN 38114
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  /13

  $116,000

  • 3 Beds
  • 1 Bath
  • 964 Sq Ft

  803 Cavalier Dr, Memphis, TN 38109

  WELCOME TO WESTWOOD! This recently renovated home has been prepared just for you, whether you are a first-time homebuyer or a downsizer. Three right-sized bedrooms with good closet space make this the perfect place to call home. Laminate wood floors throughout make it easy to keep this space clean. The kitchen is equipped with an electric stove, with washer and dryer connections, giving you the

  Shanita Johnson SAIJ Real Estate Company

  803 Cavalier Dr, Memphis, TN 38109
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  /2

  $125,000

  • Land
  • 14,810 Sq Ft
  • $367,647 per Acre

  955 Circle Rd, Memphis, TN 38127

  Great opportunity to acquire three adjacent parcels being sold together: 945 N Circle Rd, 949 N Circle Rd, and 955 N Circle Cir, Memphis, TN 38127. Offering approximately 1+ acre of combined land, this assemblage provides excellent potential for investors, builders, developers, or those seeking additional space for future development. Conveniently located in North Memphis with easy access to

  Ali Nawaz KAIZEN Realty, LLC

  955 Circle Rd, Memphis, TN 38127
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  /15

  $140,000

  • 3 Beds
  • 1.5 Baths
  • 1,173 Sq Ft

  4202 Stormy St, Memphis, TN 38128

  ATTENTION INVESTORS!! Great rental property. DRIVE-BY-ONLY! No Sign on Property. TENANT RIGHTS. Text or Call Listing Agent for more details. NO SHOWINGS WITHOUT ACCEPTED OFFER! DO NOT DISTURB TENANTS!!! Presently under 2 year lease ending September 2026 for $1195 monthly. Single family home that contains 1,163 sq ft and was built in 1966. Features 3 bedrooms, LR, DR, eat in kitchen,sunroom, plus

  Terrence Johnson eXp Realty, LLC

  4202 Stormy St, Memphis, TN 38128
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  /5

  $72,000

  $4K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  1971 Boyle Ave, Memphis, TN 38114

  This property has a projected monthly rent of $650 ($7,800 annually). "all investment figures are estimates and verified independently by buyer" Well-maintained 2BR/1BA investment opportunity featuring durable LVP flooring, a bright open living area, and an updated kitchen with large shaker cabinets and ample storage. The home presents clean, functional living spaces and shows good overall

  James Wachob Foundation Property Management

  1971 Boyle Ave, Memphis, TN 38114
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  /2

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,511 Sq Ft

  2714 Nix Cove, 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 rentalamount of $1,250/month, month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language willbe accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2714 Nix Cove, Memphis, TN 38127
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  /35

  $109,900

  $10K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,680 Sq Ft

  3047 S Edgeware Rd, Memphis, TN 38118

  Spacious 4-bedroom brick home on a massive 0.35-acre lot in Kensington Gardens! This well-maintained property features over 1,600 sq ft of living space, a functional layout, and the added convenience of both a 1-car garage and a carport. Perfectly situated near Oakhaven amenities and major transit routes, this home offers incredible potential for owners and investors alike. A must-see Memphis gem!

  Tiffany Jones Trelora Realty

  3047 S Edgeware Rd, Memphis, TN 38118
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  /26

  $99,900

  $50K PRICE DROP

  • 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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  /32

  $69,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  794 Margie Dr, Memphis, TN 38127

  Charming 3-bedroom, 1-bath ranch in a quiet Memphis neighborhood! This single-story home features a spacious living room, functional kitchen, and an attached carport. Perfect for first-time buyers or investors, the property offers easy access to I-240 and local amenities. Don’t miss this opportunity to own a piece of Shelby County real estate!

  Alexis Martz Trelora Realty

  794 Margie Dr, Memphis, TN 38127
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  /4

  $99,000

  $11K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3636 Spottswood Ave Unit 3, Memphis, TN 38111

  INVESTMENT OPPORTUNITY! This 2 bd/1ba condo is currently tenant occupied. Rented for $1150/mo. Right across the street from the University of Memphis! LVP throughout, new water heater, fresh paint, new cabinets, and electrical outlets have been updated. Start cash flowing right away. Showings only with an acceptable offer.

  Kelly Day SimpliHOM

  3636 Spottswood Ave Unit 3, Memphis, TN 38111
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  /2

  $7,500

  • Land
  • 5,662 Sq Ft
  • $57,692 per Acre

  7 W Dempster Ave, Memphis, TN 38109

  Investor & builder alert! Prime opportunity to build in a rapidly developing area of Memphis. Located at 7 W Dempster, this level, completely vacant lot is ready for your next project. With extensive new construction nearby and exciting new developments unfolding downtown, this location offers immense growth potential. Perfect for a lucrative cash-flow rental, a high-yield short-term

  Taylor Shaw Grand Point Realty, LLC

  7 W Dempster Ave, Memphis, TN 38109
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  /23

  $89,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,061 Sq Ft

  726 E Gage Ave, Memphis, TN 38106

  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 use.

  KC Lam Cordova Realty, Inc.

  726 E Gage Ave, Memphis, TN 38106
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  $120,000

  $49K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,338 Sq Ft

  5013 Scheibler Rd Unit C1, Memphis, TN 38128

  A rare chance to own one of the cottages at Lutheran Village. This condo community is for residents 55 yrs and older. HOA fee includes 6 dinners a month with the option for add on meals, basic cable, 1 cleaning every other week, Shuttle to and from grocery store. Owner's amenities include access to fitness area, beauty shop, and guest room. There is a flex room that could be used as a 3rd bedroom

  Amanda Kirkman KAIZEN Realty, LLC

  5013 Scheibler Rd Unit C1, Memphis, TN 38128
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  /10

  $110,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3075 Debby St, Memphis, TN 38127

  This property is leased at $975 per month ($11,700 annually) through 03/03/2027. "All investment figures are estimates and verified independently by buyer." Updated and move-in ready, this well-maintained 3-bedroom, 1-bath home offers a strong addition to any investment portfolio. Recent improvements include a newer roof, HVAC system, water heater, updated electrical and plumbing, fresh interior

  James Wachob Foundation Property Management

  3075 Debby St, Memphis, TN 38127
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  /11

  $71,167

  • 2 Beds
  • 1.5 Baths
  • 952 Sq Ft

  3760 Cambridge Station Dr, Memphis, TN 38115

  Package condo deal 3755 2bed/1.5bath & 3760 Cambridge Dr. All bedrooms upstairs. Great opportunity for owners or investors. 3760 is 3 bed/2.5 bath Possible rent up to $1,300/Month. Lockbox. Showings 15 mins. prior. Code 1906.

  John Cornes Braden, Braden & Braden LLC

  3760 Cambridge Station Dr, Memphis, TN 38115
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  $84,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,106 Sq Ft

  3877 Black Forest Dr, Memphis, TN 38128

  Welcome to this efficiently designed 1,106 sq. ft. ranch in the quiet Timberlake community. This move-in-ready home offers a clean and modern aesthetic, beginning with a dedicated 3x10 foyer entryway that leads into an impressively large 18x14 living room—perfect for versatile furniture arrangements and entertaining. The interior features a thoughtful mix of finishes, including beautiful

  Tiffany Jones Trelora Realty

  3877 Black Forest Dr, Memphis, TN 38128
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  /33

  $89,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,118 Sq Ft

  3627 Trudy Cove, Memphis, TN 38128

  Great opportunity in a quiet Memphis neighborhood! This home features a functional layout with comfortable living space and strong potential for updates or investment. Situated on a spacious lot with a convenient location near schools, shopping, dining, and major roadways for easy access across the city. Ideal for investors or first-time buyers looking to add value. Don’t miss the potential this

  Christopher Stjernholm Trelora Realty

  3627 Trudy Cove, Memphis, TN 38128
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  /2

  $12,000

  • Land
  • 2,178 Sq Ft
  • $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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  /34

  $79,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  2525 Wellons Ave, Memphis, TN 38127

  Welcome to this well-crafted 1990s ranch-style home, featuring a durable, mostly brick exterior accented with low-maintenance vinyl. The interior welcomes you with timeless hardwood flooring that flows throughout the three bedrooms and common areas. This traditional floor plan offers distinct, separate spaces for the living room, formal dining area, and a functional kitchen, providing a sense of

  Christopher Stjernholm Trelora Realty

  2525 Wellons Ave, Memphis, TN 38127
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  /12

  $75,000

  • 2 Beds
  • 1 Bath
  • 945 Sq Ft

  151 N Belvedere Blvd Unit 5, Memphis, TN 38104

  Beautifully renovated and refreshed first floor condo in the convenient Central Gardens neighborhood. This condo offers a functional floor plan with a spacious living room, large kitchen, and two comfortable bedrooms, each with its own walk in closet. All appliances are included. Enjoy low monthly maintenance of just $160/month. The condo community is in the process of updating the courtyard.

  Ashleigh Bettis Bluff City Realty Group, LLC

  151 N Belvedere Blvd Unit 5, Memphis, TN 38104
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  /2

  $136,000

  $4K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,341 Sq Ft

  4199 Genyth Ave, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1325.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed BEST Real Estate Company

  4199 Genyth Ave, Memphis, TN 38128
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  /4

  $150,000

  $25K PRICE DROP

  • 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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  /35

  $84,900

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,218 Sq Ft

  3603 Windermere Rd, Memphis, TN 38128

  Great opportunity in the established Timberlake community! This 3-bedroom, 1-bath brick ranch features an efficient layout with a cozy fireplace and a private carport. Situated on a level lot with no HOA, it offers a solid foundation for homeowners or investors. Conveniently located near Austin Peay Hwy and I-40 for easy commuting.

  Tiffany Jones Trelora Realty

  3603 Windermere Rd, Memphis, TN 38128
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  /2

  $7,250

  • Land
  • 18,295 Sq Ft
  • $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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  /2

  $110,000

  • 4 Beds
  • 3 Baths
  • 1,590 Sq Ft

  3174 Given Ave, Memphis, TN 38112

  Duplex for sale. Rented for a total of $1150 per month. Both tenants have been there for serveral years and are on month to month leases. Propert yprofessionally managed. Great addition to your portfolio. No wholesale or owner finance offers please.

  Jimmy Kennedy Trek Property Management

  3174 Given Ave, Memphis, TN 38112
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  /2

  $139,900

  • 3 Beds
  • 1.5 Baths
  • 1,321 Sq Ft

  3048 Kingsgate Ave, Memphis, TN 38118

  Fantastic investment opportunity. Seller has 7 properties for sale. 6 SFH & 1 Duplex. This property is leased at $985/mo. through 10/31/2026. Providing immediate cash flow while you plan your future value-add strategy. Please do not disturb the tenant. Property being sold as-is. No wholesalers, or creative financing. Showings/Inspections after contract. This property is currently being

  Benjamin Reed Reed & Associates of Tenn, LLC

  3048 Kingsgate Ave, Memphis, TN 38118
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  /9

  $19,000

  • 2 Beds
  • 1 Bath
  • 789 Sq Ft

  1311 Hyde Park Blvd, Memphis, TN 38108

  Daniel Demers Sell Your Home Services, LLC

  1311 Hyde Park Blvd, Memphis, TN 38108
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  /2

  $65,000

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

  3431 Club Bridge Dr Unit 8, Memphis, TN 38118

  This property is leased at $1,003 per month ($12,036 annually) through 06/30/2027, with a cash-on-cash return of 20.87% and a monthly cash flow of $395.57 . "All investment figures are estimates and verified independently by buyer." Discover comfort and convenience in this inviting 3-bedroom, 2-bath home featuring approximately 1,404 square feet of living space. The thoughtfully designed floor

  James Wachob Foundation Property Management

  3431 Club Bridge Dr Unit 8, Memphis, TN 38118

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