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

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  /14

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,294 Sq Ft

  4991 Penwood Cove, Memphis, TN 38118

  Welcome to well-maintained all-brick home tucked away on a quiet cove in the heart of Memphis. Thoughtfully renovated approximately four years ago, this home offers the peace of mind that comes with major updates already completed, including a *new roof and HVAC system*, allowing the next owner to focus on enjoying their new home rather than costly repairs. Inside, you'll find a functional layout

  Marija Tomic ResiAmerica, Inc.

  4991 Penwood Cove, Memphis, TN 38118
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  /16

  $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. Designated parking lot. Enjoy low monthly maintenance of just $160/month. The condo community is in the process of

  Ashleigh Bettis Bluff City Realty Group, LLC

  151 N Belvedere Blvd Unit 5, Memphis, TN 38104
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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

  $79,900

  $10K 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.

  Carl Purifoy Trelora Realty

  3603 Windermere Rd, Memphis, TN 38128
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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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  /14

  $124,900

  • 2 Beds
  • 1 Bath
  • 912 Sq Ft

  1456 N Hollywood St, Memphis, TN 38108

  ADORABLE BUNGALOW, completely renovated in 2022. 2 bedroom with a bonus space. 2022 Renovation includes: New roof, new kitchen, newbathroom, new central HVAC system, beautiful new flooring, new lighting, new wood privacy fence with room to park in the fenced area, new windows and Securitydoors. Fantastic addition to your investment portfolio or excellent home for a buyer. Make your appointment

  LaJuana Miller KAIZEN Realty, LLC

  1456 N Hollywood St, Memphis, TN 38108
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  /20

  $105,000

  • 3 Beds
  • 1 Bath
  • 899 Sq Ft

  4150 Windermere Rd, Memphis, TN 38128

  Don't miss this inviting 1-story home featuring 3 bedrooms, 1 bathroom, and a 1-car attached carport with a functional layout designed for comfortable everyday living. The spacious living areas offer plenty of room to relax or entertain, while the well-designed floor plan provides flexibility to fit your needs. With its great potential and opportunity to add your personal touches, this home is

  Vicki Testerman Mainstay Brokerage, LLC

  4150 Windermere Rd, Memphis, TN 38128
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  /15

  $120,900

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft

  4301 University St, Memphis, TN 38127

  Discover this beautiful three-bedroom, one-bath home, fully renovated from top to bottom 1 year ago. This property features a brand-new roof, fresh paint inside and out, and stylish new light fixtures.Laminate flooring in the kitchen and throughout all the bedrooms, enhancing the home's modern appeal. The renovated bathroom offers both style and comfort. Situated on a charming corner lot, this

  Fred Sengstacke KAIZEN Realty, LLC

  4301 University St, Memphis, TN 38127
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  /12

  $52,000

  $20K PRICE DROP

  • Land
  • 1.83 Acres
  • $28,415 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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  /6

  $35,000

  $19K PRICE DROP

  • 4 Beds
  • 2 Baths

  1074 Overton Park Ave, Memphis, TN 38105

  An investor's dream! A total of 4 duplexes with a great room, 2 bedrooms, one bath and kitchen. Located in a cove, these homes would be ideal for investors with an eye for rehabbing functional homes in need of cosmetic upgrades. Located minutes away from downtown and midtown, homeowners will have ample choices for entertaining family and friends. Property being sold AS IS and all units must be

  Felicia Carey Crye-Leike, Inc., REALTORS

  1074 Overton Park Ave, Memphis, TN 38105
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  /11

  $139,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,385 Sq Ft

  745 Holly St, Memphis, TN 38112

  Rare English cottage gem on the quietest st in the Hein Park/Rhodes college area! Home is tip top updated electrical and new roof and refinished floors. Home was lovingly cared for over the years. Move in ready but ready to update to your tastes Home just appraised for $169k by Howard Davis Appraisals and could easily jump to $200k with updates. So priced to walk into instant equity. Hurry won't

  dave scott BHHS Taliesyn Realty

  745 Holly St, Memphis, TN 38112
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  /2

  $5,000

  • Land
  • 8,712 Sq Ft
  • $25,000 per Acre

  664 Lucy Ave, Memphis, TN 38106

  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 inareas experiencing continuedrevitalization and strong rental demand. Portfolio includes the following properties:

  Austin Rowe Onward Real Estate

  664 Lucy Ave, Memphis, TN 38106
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  /2

  $99,000

  • 3 Beds
  • 1 Bath
  • 1,430 Sq Ft

  3920 Schoolfield Rd, Memphis, TN 38127

  Attention investors! Add immediate rental income to your portfolio with this tenant-occupied 3-bedroom, 1-bath investment property. Currently leased at $1,100 per month through the Housing Choice Voucher Program (Section 8), this home offers an opportunity to acquire an income-producing asset with an existing tenant in place. Lease and program documentation available for review. Please make all

  Alyssa Ivey eXp Realty

  3920 Schoolfield Rd, Memphis, TN 38127
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  /12

  $105,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,451 Sq Ft

  3746 Clarke Rd, Memphis, TN 38115

  Contemporary 3 bedroom 2 bath ready for your magic touch! Very large lot. Vaulted Greatroom w/ FP. Lots of windows. Needs full makeover. Cash or Rehab offers only. Owner Occupant offers will be responded to after 7 days on the market and Investor offers responded after 30 days.

  Scott Housewirth Crye-Leike Inc., REALTORS

  3746 Clarke Rd, Memphis, TN 38115
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  /23

  $144,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 809 Sq Ft

  2981 N Radford Rd, Memphis, TN 38114

  Newly renovated and move-in ready! This updated home is perfect for first-time homebuyers or investors seeking a turnkey opportunity. Recent improvements include a new HVAC system, new windows, luxury vinyl plank flooring throughout, modern light fixtures, and a stylish kitchen featuring new cabinetry and updated finishes. The beautifully renovated bathroom offers attractive tilework, and a

  Cali Neal Smith KAIZEN Realty, LLC

  2981 N Radford Rd, Memphis, TN 38114
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  /2

  $134,900

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,232 Sq Ft

  4305 Creekbed Cove, Memphis, TN 38141

  Motivated seller offering a recently vacated property in 38141. A rehab will be needed. Available individually or as part of a portfolio with strong-performing assets. 4566 Fawn Hollow Cv. listed at $160,000 and rented at $1425. This is a great opportunity to expand your rental portfolio. Sold AS-IS. Viewings can be scheduled with the listing agent.

  James Johnson Crestcore Realty, LLC

  4305 Creekbed Cove, Memphis, TN 38141
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  /2

  $140,000

  • 3 Beds
  • 1 Bath
  • 1,389 Sq Ft

  3863 Spottswood Ave, Memphis, TN 38111

  Great property as either a starter home or a strong addition to your rental portfolio. Strong rental demand and tenant occupied through February 2027.

  Gus Pacente Revid Property Management, LLC

  3863 Spottswood Ave, Memphis, TN 38111
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  /13

  $99,000

  $25K PRICE DROP

  • 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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  /33

  $69,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 985 Sq Ft

  949 Sumter St, Memphis, TN 38122

  Charming 3-bedroom, 1-bath home offering comfortable single-level living in a convenient Memphis location. This well-maintained property features a functional floor plan, spacious living area, eat-in kitchen, covered parking, and a large yard with plenty of outdoor space. Conveniently located near shopping, dining, schools, and major highways.

  Carl Purifoy Trelora Realty

  949 Sumter St, Memphis, TN 38122
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  /2

  $4,000

  • Land
  • 5,227 Sq Ft
  • $33,333 per Acre

  829 Porter St, Memphis, TN 38126

  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 inareas experiencing continuedrevitalization and strong rental demand. Portfolio includes the following properties:

  Austin Rowe Onward Real Estate

  829 Porter St, Memphis, TN 38126
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  /15

  $24,900

  $5K PRICE DROP

  • 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 build another home on the Simpson side or sell the other lot. There are many ways to maximize off this investment book your showing today.

  Jasmine Owens The Home Partners Realty

  341 E Mclemore Ave, Memphis, TN 38106
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  /13

  $149,950

  $5K PRICE DROP

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

  3873 Dante Ave, Memphis, TN 38128

  Move-in ready investment or owner-occupant opportunity! Currently tenant occupied with Section 8 income at $1,350/month but could potentially be owner-occupied in the future. No major repairs needed. FHA, VA & conventional financing considered. Features flexible living space, strong rental history & convenient Memphis location near shopping, schools & major roads. Great cash flow potential for

  Glenn McDonald Integrated Assets

  3873 Dante Ave, Memphis, TN 38128
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  /15

  $125,000

  $5K PRICE DROP

  • 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. Owner willing to pay some closing cost.

  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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  /10

  $95,500

  • 3 Beds
  • 2 Baths
  • 1,552 Sq Ft

  4585 Double Tree Rd, Memphis, TN 38109

  The property features central heat and air, a roof approximately 10 years old, and reported good electrical and plumbing systems. Interior updates are needed, including kitchen and bathroom renovations, along with general cosmetic improvements, making this a great value-add opportunity for investors looking to increase equity and rental income. Sold as is no contingencies.

  Henry Pineda Fast Track Realty, LLC

  4585 Double Tree Rd, Memphis, TN 38109
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  /19

  $59,900

  • Land
  • 3.8 Acres
  • $15,763 per Acre

  0 Hwy 70 Hwy E Unit 1, Memphis, TN 37101

  ****ATTENTION BUILDERS OR CUSTOM HOME/LAND BUYERS!!!!! ****3.8 Acres+/- of Exceptional Land at this Price Point***HOT LOCATION-just 1 Minute from the Dickson County Line****Approx. 20 Minutes to Downtown Dickson****Beautiful Building Lot w/ No Known Restrictions except Normal Codes-Buyer to Independently Confirm w/ Full Title Search***** New Survey 2026 on MLS Media reflecting 3.8 Acres+/- (Lot

  Missy Chandler Parker Peery Properties

  0 Hwy 70 Hwy E Unit 1, Memphis, TN 37101
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  /4

  $30,000

  • 3 Beds
  • 1 Bath
  • 1,895 Sq Ft

  2356 Dexter Ave, Memphis, TN 38108

  Property being offered at a great price. Home needs substantial repairs...but could be worth a lot of money once it is rehabbed. Immediate Occupancy! Home has a large front porch and a nice floor plan. Many homes in this area are being rehabbed and sold for more money. Cash offers only! No wholesalers or assignments. Please go view the home and submit an offer with no inspection or financing

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2356 Dexter Ave, Memphis, TN 38108
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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

  $2K PRICE DROP

  • 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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  /4

  $28,900

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,450 Sq Ft

  817 S Parkway E, Memphis, TN 38106

  Terrific Opportunity to buy this fixer upper! Once rehabbed this home could be worth a lot of money. Nice location that is convenient to everything. Home has a large front porch, big backyard, and ideal floor plan. Property being sold as-is, where-is. Could be a great long term rental or just fix it up and live in it! Seller won't make repairs. Please do all inspections up front...cash offers

  Tyler Tapley Crye-Leike, Inc., REALTORS

  817 S Parkway E, Memphis, TN 38106
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  /14

  $66,900

  $8K PRICE DROP

  • 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

  $58,900

  $11K PRICE DROP

  • 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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  /15

  $135,000

  New Construction $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,030 Sq Ft

  820 Semmes St, Memphis, TN 38111

  Three-bedroom, 2-bathroom home available to low- to moderate-income first-time homebuyers. NO investors. The buyer must meet the HUD 2026 80% AMI total household income requirement. See info in MLS docs. $10k downpayment assistance is available.

  Tammy Coleman Legendary Realty

  820 Semmes St, Memphis, TN 38111
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  /2

  $29,500

  $11K PRICE DROP

  • 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

  $69,900

  $10K PRICE DROP

  • 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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  /5

  $95,900

  $4K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 960 Sq Ft

  2155 Curry Ave, Memphis, TN 38108

  Occupied investment opportunity with immediate cash flow. This 3 bedroom, 2 bathroom property is tenant occupied with an active lease through 5/31/2027 and currently generating $1,050 per month in rental income. A great addition to any rental portfolio with steady income already in place. Whether you are a seasoned investor or looking to expand your holdings, this property offers strong

  James Johnson Crestcore Realty, LLC

  2155 Curry Ave, Memphis, TN 38108
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  /17

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,324 Sq Ft

  1036 Palermo Ave, Memphis, TN 38106

  Fully renovated and move-in ready, newly updated, offering a fresh start with extensive updates throughout. Buyers will appreciate the clean, modern finishes and the feeling of essentially “like-new” living inside an established setting. With nearly everything updated inside and outside, this property offers the rare opportunity to own a dramatically improved home without the wait or uncertainty

  Elizabeth Castillo BEST Real Estate Company

  1036 Palermo Ave, Memphis, TN 38106
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  /2

  $85,000

  • 3 Beds
  • 2 Baths
  • 1,381 Sq Ft

  3501 Brookmeade St, Memphis, TN 38127

  Showings will be permitted only after an accepted offer. The property currently rents for $750 per month. This asset can also be purchased as part of a larger investment package totaling $3,166,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3501 Brookmeade St, Memphis, TN 38127

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