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

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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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  /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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  /15

  $129,000

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3491 Hallbrook St, Memphis, TN 38127

  Beautiful home for first time home buyers. New windows, interior doors, new tile flooring, some hardwood floors, updated bathroom, updated kitchen, new patio, 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
  • 7,405 Sq Ft
  • $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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  /35

  $49,800

  • 3 Beds
  • 2 Baths
  • 1,138 Sq Ft

  5091 Clinton Rd, Memphis, TN 38109

  Great value-add opportunity in the Coro Lake neighborhood, located right next to new construction with strong upside potential. This 3-bedroom, 2-bath property requires a medium to heavy rehab, including a new roof, siding, carpet, paint, and updated electrical wiring. The water heater and AC are approximately 10 years old. Ideal for experienced investors looking to renovate and capitalize on

  Henry Pineda Fast Track Realty, LLC

  5091 Clinton Rd, Memphis, TN 38109
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  /31

  $94,900

  • 3 Beds
  • 1 Bath
  • 1,092 Sq Ft

  608 Northaven Dr, Memphis, TN 38127

  This classic 1,092 sqft brick residence, built in 1971, offers a functional 3-bedroom, 1-bathroom layout in the Northaven community. The interior features original hardwood flooring throughout the main living areas and bedrooms, providing a timeless and durable finish. The home includes a dedicated driveway for convenient off-street parking. The exterior space is a highlight, featuring a large

  Alexis Martz Trelora Realty

  608 Northaven Dr, Memphis, TN 38127
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  /28

  $134,000

  • 2 Beds
  • 1.5 Baths
  • 1,088 Sq Ft

  5718 Quince Rd Unit 10, Memphis, TN 38119

  Move-in ready & beautifully updated 2 BR, 1.5 BA condo in the heart of East Memphis! Fresh paint throughout, NEW Scotch guard carpet w/premium pad, & LVT flooring in kitchen & upstairs bath. Kitchen features NEW Bosch whisper-quiet dishwasher, side-by-side fridge w/ ice & water, cooktop oven, & NEW high-capacity water heater. NEW high-efficiency HVAC system (compressor & furnace), NEW window

  Tracie Benetz Emmett Baird Realty, LLC

  5718 Quince Rd Unit 10, Memphis, TN 38119
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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

  $54,990

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115

  Nice, beatutiful and well kept 2bedroom 2bathroom townhome in Cambridge Condominium. Brand new window air conditioners installed (2026),brand new refrigerator (2026) with 4 years warranty and a 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

  Jonathan Minerick homecoin.com

  3764 Cambridge Station Dr Unit 7, Memphis, TN 38115
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  /14

  $15,000

  • 2 Beds
  • 1 Bath
  • 1,056 Sq Ft

  1353 Mcmillan St, Memphis, TN 38106

  Seller started the renovations but decided to sell it now due to other projects. New roof, new duct work, new windows, new floor beams. Seller also has new furnace that he will provide the new buyer and all the sheetrock stays with the house.

  Keino Spring Harris & Harris Realty Group

  1353 Mcmillan St, Memphis, TN 38106
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  /9

  $130,000

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

  5207 Breckenwood Dr, Memphis, TN 38127

  FHA & VA Approved- ONE YEAR BUILDER WARRANTY. TENANT PLACEMENT and Property management available for Investors- 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. No owner finance or wholesalers. Home is currently vacant- contact Brett Bernard for showings.

  Brett Bernard The Stamps Real Estate Company

  5207 Breckenwood Dr, Memphis, TN 38127
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  /14

  $69,900

  • 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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  /12

  $59,900

  • 2 Beds
  • 1 Bath
  • 1,110 Sq Ft

  1338 Dunnavant St, Memphis, TN 38106

  Charming 2bed 1bath home with a good floorplan, large fenced yard, located minutes away from multiple parks and the interstate. This can be a great Primary residence or investment property. Home is located on a quiet street. Offered at an excellent price. Many homes in this area are being rehabbed and sold for more money. ONLINE VIDEO AVALABLE ON REQUEST. CASH OFFERS ONLY. Please do all

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1338 Dunnavant St, Memphis, TN 38106
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  /2

  $36,000

  • 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

  $79,900

  • 3 Beds
  • 2 Baths
  • 1,088 Sq Ft

  2743 Woodlawn Terrace, Memphis, TN 38127

  Move in ready! 3 Bedroom 2 bath home with updated Kitchen and baths! Laminate floors thru out. Private Shaded large lot. Ready to add to your portfolio~~ will not go FHA.

  Scott Housewirth Crye-Leike Inc., REALTORS

  2743 Woodlawn Terrace, Memphis, TN 38127
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  /2

  $29,999

  • Land
  • 5,662 Sq Ft
  • $230,762 per Acre

  307 Leath St, Memphis, TN 38105

  A Great Investment Opportunity. If you're looking for your next project this is it. Downtown location near the medical district with lots of opportunity. In the center of everything you would need. The opportunities currently in downtown consist of downtown revitalization, historic renovations, and the potential for high-yield, residential, or commercial projects in a business-friendly area. TN

  Lisa Nelson Exit Wise Master-Builders Real

  307 Leath St, Memphis, TN 38105
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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 02/2026-02/2027 and other side $600 from 03/2026-03/2027! 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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  /30

  $124,900

  • 4 Beds
  • 1.5 Baths
  • 1,044 Sq Ft

  3860 Castleman St, Memphis, TN 38118

  This lovely 4-bedroom, 1.5 -bath ranch-style home greets you with a large front yard and inviting curb appeal. Inside, you'll find a comfortable layout ideal for everyday living. Perfect for first-time buyers or anyone seeking single-story convenience, this home blends comfort, charm, and modern touches.

  Alexis Martz Trelora Realty

  3860 Castleman St, Memphis, TN 38118
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  /2

  $48,500

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft

  1366 Eloise Rd, Memphis, TN 38106

  This vacant property is ready for a new owner and a renovation. This is a great investment opportunity in a prime area for growth. This property is ready for a new owner to realize it's full potential. Call for a private showing!

  Joshua Cooper Sowell, Realtors

  1366 Eloise Rd, Memphis, TN 38106
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  /17

  $45,000

  • 4 Beds
  • 2.5 Baths
  • 2,290 Sq Ft

  1490 Lockhaven Ave, Memphis, TN 38106

  "Online auction only" 4-bedroom 2.5 bathrooms brick exterior on dead end street. large parking pad. Great investment property to add to your portfolio

  Ed Engelke United Real Estate Mid South

  1490 Lockhaven Ave, Memphis, TN 38106
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  /10

  $105,000

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

  2888 Mercer Dr, Memphis, TN 38127

  Property is being sold in an as is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification

  JERRY EMERSON KING Williams & Williams Real Estate Auctions

  2888 Mercer Dr, Memphis, TN 38127
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  /15

  $75,000

  • 3 Beds
  • 1 Bath
  • 780 Sq Ft

  931 Calvin Rd, Memphis, TN 38109

  Welcome to 931 Calvin Rd! This beautifully renovated home is move-in ready and perfect for a first-time buyer or savvy investor. Step inside to find fresh updates throughout, including new flooring, modern fixtures, and a bright, open layout that makes every space feel inviting. The kitchen has been updated with sleek finishes, offering plenty of cabinet and counter space for everyday living.

  Eric Crutcher Doorstep Realty

  931 Calvin Rd, Memphis, TN 38109
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  /2

  $4,000

  • Land
  • 17,424 Sq Ft
  • $10,000 per Acre

  2955 Northgate St, Memphis, TN 38127

  This is a bulk package of 3 parcels to be sold together only. 883 Whitney Parcel ID# 069024 00002 and 877 Whitney Parcel ID# 069024 0000, and 2955 Northgate St Parcel ID# 069021 00006

  Michelle Shelton The Peyton Co., Inc., REALTORS

  2955 Northgate St, Memphis, TN 38127
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  /37

  $79,900

  • 3 Beds
  • 1 Bath
  • 960 Sq Ft

  4118 Westmont Rd, Memphis, TN 38109

  This 960-square-foot brick residence in the Westmont subdivision features a traditional 3-bedroom, 1-bathroom layout. Built in 1965, the interior is finished with original hardwood flooring throughout the living areas and bedrooms. The kitchen includes durable tile flooring and dedicated washer and dryer connections for added convenience. A wrought iron security screen door provides an extra

  Alexis Martz Trelora Realty

  4118 Westmont Rd, Memphis, TN 38109
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  /2

  $9,000

  • Land
  • 7,405 Sq Ft
  • $52,941 per Acre

  1612 Winston Dr, Memphis, TN 38127

  ?? Build Your Dream Home on This Prime Vacant Lot! ?? ?? Location: Subdivision ANS, Winston Dr ?? Lot Size: 7,800 SQ FT (Approx. 65.39 ft x 60 ft x 142 ft x 116 ft) ?? Total Acres: 0.179 This beautiful, ready-to-build lot is waiting for you! With 7,800 square feet, you'll have plenty of space to create your perfect home or investment property. Nestled in the desirable ANS Subdivision on Winston

  Jerry Harris TRG Real Estate Services, LLC

  1612 Winston Dr, Memphis, TN 38127
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  /40

  $109,900

  • 3 Beds
  • 1 Bath
  • 1,186 Sq Ft

  3845 Tessland Rd, Memphis, TN 38128

  Raleigh Brick Ranch! 3BR/2BA move-in ready home featuring ~1,200 sq. ft. of clean, functional living space. Highlights include a spacious eat-in kitchen, central HVAC, and a level, fully fenced backyard. Prime location near schools and easy highway access. No HOA—perfect for homeowners or investors!

  Tiffany Jones Trelora Realty

  3845 Tessland Rd, Memphis, TN 38128
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  /2

  $37,000

  • Land
  • 5,227 Sq Ft
  • $308,333 per Acre

  640 E Pontotoc Ave, Memphis, TN 38126

  Great Vacant Home lot to build new construction for sale or for rent. Lot is 43x128. We have 24 other lots available on this street as well for sale in smaller groups or buy them all.

  Chris Garland Crye-Leike, Inc., REALTORS

  640 E Pontotoc Ave, Memphis, TN 38126
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  /13

  $144,900

  • 3 Beds
  • 2.5 Baths
  • 1,574 Sq Ft

  443 N Highland St Unit 2, Memphis, TN 38122

  Discover a great opportunity in East Memphis. This 3 bedroom, 2.5 bath unit at 443 Highland St Apt 2 is being sold as-is and is ready for your updates and personal touch. Located within 10 minutes from the Liberty Bowl, U of M, and Cooper-Young, this property offers unbeatable convenience. Perfect for anyone looking to add instant equity. Don’t miss it!

  Joshua Moss KAIZEN Realty, LLC

  443 N Highland St Unit 2, Memphis, TN 38122
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  /2

  $20,000

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

  935 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

  935 Tully St, Memphis, TN 38107
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  /2

  $80,000

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  486 Sanford Rd, Memphis, TN 38109

  INVESTOR SPECIAL – Turnkey Rental Opportunity In Whitehaven! Great income-producing property with tenant in place paying $800/month. Major updates completed within the last few years, including a new roof, windows, kitchen, bathroom, and flooring - minimizing immediate capital expenses. This is a solid addition to any rental portfolio.

  Houston Richmond C21 Patterson & Assoc. Real Es

  486 Sanford Rd, Memphis, TN 38109
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  /11

  $118,000

  • 4 Beds
  • 1.5 Baths
  • 1,481 Sq Ft

  556 Melton Ave, Memphis, TN 38109

  Welcome to 556 Melton Avenue, a spacious 4-bedroom, 1.5-bath home offering comfort and functionality. The property features hardwood and tile flooring throughout, central heat and air with climate control, and window coverings. The kitchen includes a vent hood with space for appliances, and the home also offers a fenced yard for outdoor enjoyment. Don’t miss out! TENANTED PROPERTY: DO NOT

  James Wachob Foundation Property Management

  556 Melton Ave, Memphis, TN 38109
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  /3

  $32,000

  • 4 Beds
  • 1 Bath
  • 1,398 Sq Ft

  1311 Englewood St, Memphis, TN 38106

  Priced to sell. Sold as-is. 4-bedroom home with a bonus room. Seller started renovations but did not finish; repairs needed. Will not qualify for FHA or VA financing.

  Virgil Pryor Harris Realty Services

  1311 Englewood St, Memphis, TN 38106
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  /2

  $10,000

  • Land
  • 7,840 Sq Ft
  • $55,556 per Acre

  0 Clifton Ave, Memphis, TN 38127

  Excellent opportunity for investors or builders to develop on this Memphis lot. Ideal for a new construction rental or resale property, with a convenient location close to everyday amenities and easy access to major highways.

  Crystal Mitchell Renshaw Company, REALTORS

  0 Clifton Ave, Memphis, TN 38127
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  /32

  $99,900

  • 3 Beds
  • 1 Bath
  • 1,102 Sq Ft

  3325 Cedar Springs Dr, Memphis, TN 38128

  Welcome to 3325 Cedar Springs Dr in Memphis! This beautiful brick ranch-style single-family home offers wonderful curb appeal and an attached carport, all situated on a spacious lot with a fenced yard. The large backyard includes a concrete pad that’s perfect for creating a grill or outdoor dining space, with plenty of additional room for a garden, a swing set, or both. A front flowerbed is ready

  Christopher Stjernholm Trelora Realty

  3325 Cedar Springs Dr, Memphis, TN 38128
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  /15

  $69,900

  • 3 Beds
  • 2 Baths
  • 1,796 Sq Ft

  4440 Coleman Rd, Memphis, TN 38128

  True investment opportunity with high upside. This manufactured home in Memphis is for investors looking at a value-add project with strong potential. The home needs work, but the numbers make sense for a renovation project or rental portfolio addition. Features a spacious layout, a functional interior flow, and easy access to nearby amenities and services. Sold AS IS

  Jennifer Clark Tiger Realty

  4440 Coleman Rd, Memphis, TN 38128
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  /5

  $99,900

  • 3 Beds
  • 1 Bath
  • 860 Sq Ft

  827 Par Ave, Memphis, TN 38127

  INVESTORS ONLY!!! Lovely 3bed 1 bath home currently rented at $950/mo. This could be a great addition to your portfolio. Home was substantially rehabbed in 2022. Roof, A/C, and water heater should all be less than 10 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT AN

  Tyler Tapley Crye-Leike, Inc., REALTORS

  827 Par Ave, Memphis, TN 38127
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  /15

  $109,900

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

  810 Northaven Dr, Memphis, TN 38127

  Great Investment Property! County Taxes Only! Professionally Managed! Investors only, tenant occupied don't disturb tenants.Pictures are before tenant moved in. 3bd/1bath renovated in 2022 with new tile floors, updated bathroom, new cabinets & countertops in kitchen, and fenced corner lot. Currently rented at $1050 and tenant in lease until 8/2026. Could be a great investment to your portfolio or

  Monica Bynum Crye-Leike, Inc., REALTORS

  810 Northaven Dr, Memphis, TN 38127
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  /22

  $104,400

  • 3 Beds
  • 2.5 Baths
  • 1,876 Sq Ft

  3654 Haughton Ln Unit 2, Memphis, TN 38128

  "Investors Only." Don't miss out on the hidden gem. 3 bedroom 2.5 bath Condo that has been pampered. New flooring thru out this spacious condo. It has a living room with a wet bar and a wood burning fire place. Separate dining area and also a den. Right off the kitchen is a bar counter top to sit and chill. Updated bathrooms. New windows, new patio doors, new flooring, new light fixtures and

  Mark Logan Harris Realty Services

  3654 Haughton Ln Unit 2, Memphis, TN 38128
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  /34

  $84,900

  • 3 Beds
  • 1.5 Baths
  • 1,166 Sq Ft

  3434 Seaforth Dr, Memphis, TN 38127

  Welcome to this inviting 3-bedroom, 1.5-bathroom ranch in the established Range Hills community. This home offers a thoughtful layout featuring durable hardwoods throughout the main living areas, classic tile in the kitchen, and cozy carpeting in the bedrooms. The heart of the home is the open kitchen and dining combination, which conveniently leads to a dedicated 8x6 laundry room—providing extra

  Christopher Stjernholm Trelora Realty

  3434 Seaforth Dr, Memphis, TN 38127
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  /6

  $9,900

  • Land
  • 7,405 Sq Ft
  • $58,235 per Acre

  66 E Gage Ave, Memphis, TN 38109

  Vacant residential corner lot at E Gage Ave and Shelby St in South Memphis. Approx. 50 X 150 lot, about 7,500 sq ft, Lot 24 Block 16, South Memphis Land Co Westside Subdivision. Frontage on E Gage Ave in an established residential area.

  Christine Eisenberg Continental Real Estate Group

  66 E Gage Ave, Memphis, TN 38109

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