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

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  /4

  $17,400

  • Land
  • 0.09 Acre
  • $193,333 per Acre

  2305 Eldridge Ave, Memphis, TN 38108

  Leveled, professionally landscaped lot ready for your next build. Zoned RU-1, allowing for either a single-family home or duplex — ideal for both homeowners and investors. The lot is clean and prepped, minimizing uncertainty around site work and development. Looking for more space or a larger project? The neighboring home at 2301 Eldridge is also available, creating a unique opportunity to

  Elliot Cerezo The Home Partners Realty

  2305 Eldridge Ave, Memphis, TN 38108
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  /4

  $50,000

  • 3 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  1661 Humber St, Memphis, TN 38106

  3 bedroom 1.5 Bath Home. Looking for a fixer upper. Ask About Financing that can cover for Purchase and Renovations. Selling As Is. Seller is also Selling 2 more lots on the same street, 1661 Humber (Lot with Framed work) and 1658 Humber (Vacant lot). Let us know if you have any questions!

  Courtney Staples Keller Williams

  1661 Humber St, Memphis, TN 38106
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  /2

  $79,000

  • Land
  • 0.14 Acre
  • $564,286 per Acre

  2529 Harvard Ave, Memphis, TN 38112

  Vacant residential lot in an established Midtown location near the University of Memphis. Ideal for new construction or investment. Convenient access to Poplar Ave, shopping, dining, and major routes. Buyer to verify zoning, utilities, lot dimensions, and building requirements. Property sold AS-IS. Vacant lot. Drive by anytime.

  Cesar Lara Fast Track Realty, LLC

  2529 Harvard Ave, Memphis, TN 38112
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  /7

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,798 Sq Ft

  2679 Woodlawn Terrace, Memphis, TN 38127

  Price correction! Awesome investment opportunity! This could be an excellent multifamily addition to your portfolio. Seller is open to seller finance with acceptable offer. Tenant occupied and professionally managed DUPLEX! Currently rented for $900/$550. Nice corner lot. Long time tenants. Do not approach or disturb tenants. No showings without an accepted offer. No wholesale or assignment.

  William Haynes Crye-Leike, Inc., REALTORS

  2679 Woodlawn Terrace, Memphis, TN 38127
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  /8

  $98,900

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  4711 Dalton Rd, Memphis, TN 38109

  INVESTORS ONLY!!! Lovely 2bed 1bath home currently rented at $895/mo. This property is professionally managed. Lease and ledger available upon request. This could be a great addition to your portfolio. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. No sign in yard. Please do not disturb or approach the tenant. No Creative Or Owner Financed Offers. No Wholesale Or Assignment. Seller also selling 4039

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4711 Dalton Rd, Memphis, TN 38109
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  /2

  $79,900

  • 2 Beds
  • 1 Bath
  • 726 Sq Ft

  1999 Sipes Ave, Memphis, TN 38127

  Investment opportunity waiting for you! Professionally managed and tenant occupied home. Property is currently rented for $700/mo. Video walk through available upon request. Do not approach or disturb tenant. No showings without an accepted offer.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1999 Sipes Ave, Memphis, TN 38127
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  /6

  $15,000

  • Land
  • 0.05 Acre
  • $300,000 per Acre

  0 James St, Memphis, TN 38106

  Seller selling 0 James (Parcel ID: 026028 00025), 1312 (Parcel ID: 026028 00024) and 1318 James (Parcel ID: 026028 00021), can buy in bulk or individually. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 James St, Memphis, TN 38106
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  /24

  $115,000

  • 1 Bed
  • 1 Bath
  • 848 Sq Ft

  1206 Bristol Dr Unit 202, Memphis, TN 38119

  Perfect 1BR/1BA Condo in Gated Community with a brand new Pool. This beautifully maintained 1 bedroom, 1 bathroom condo located in the gated Chatham Village, conveniently next to St. Francis Hospital. This community offers amenities including a pool, all while maintaining the privacy and security of HOA-managed living. Open living and dining area features wood laminate floors, creating a warm and

  Jeff Goff Keller Williams

  1206 Bristol Dr Unit 202, Memphis, TN 38119
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  /7

  $89,000

  • 4 Beds
  • 1 Bath
  • 903 Sq Ft

  3461 Daggett Rd, Memphis, TN 38109

  4 bed 1 bath home priced to sell. Home needs repairs but could be worth a lot of money once rehabbed. Right next to brand new construction. Many homes in this area are being rehabbed and sold for more money. CASH offers only. Seller will not make repairs, property being sold AS-IS. ONLINE VIDEO AVAILABLE UPON REQUEST. No Creative or Owner Financed Offers. No Wholesale or Assignment. Excellent fix

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3461 Daggett Rd, Memphis, TN 38109
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  /7

  $129,000

  • 3 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  4876 Cottonwood Rd, Memphis, TN 38118

  Back on Market - REDUCED PRICE $ Investor Dream... House in Good Condition just need a little TLC No FHA or VA contracts As-Is Sale owner will not make repairs... Need AC Service and new water heater. Occupied by owner...no lock box, Make offer subject to Inspection Do not approach property without appointment

  ANTHONY WILLOUGHBY Germantown Luxury Homes, LLC

  4876 Cottonwood Rd, Memphis, TN 38118
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  /4

  $95,000

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft

  23 Fields Ave, Memphis, TN 38109

  3-bedroom, 1-bath home with great potential, just needs a little TLC. Major updates already completed, including new plumbing, roof, and electrical. The owner is offering two additional properties as part of a package deal, or they can be purchased individually: 3273 Steele and 1871 Thrift. This is an excellent opportunity for investors looking to expand their portfolio. Property is being sold

  Candice Hardaway Keller Williams

  23 Fields Ave, Memphis, TN 38109
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  /25

  $139,999

  • 2 Beds
  • 2 Baths
  • 1,170 Sq Ft

  1960 N Parkway Unit 1110, Memphis, TN 38112

  modern and renovated corner unit in the famous Parkway House! If you were wondering what living in midtown is like than this home is the one! With a balcony that faces East you have a beautiful view that shows the sunrise over the exalting Rhodes College campus with a full view over the Memphis Zoo. The kitchen and bathrooms are full of quartz, modern tile, and complimented with beautiful

  James Hooker Tiger Realty

  1960 N Parkway Unit 1110, Memphis, TN 38112
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  /12

  $107,000

  • 3 Beds
  • 2 Baths
  • 1,172 Sq Ft

  2851 Carnes Ave, Memphis, TN 38114

  Investment Opportunity! Property being sold AS-IS. Home is associated with 4530 Beacon Hill as a portfolio package or can be purchase individually too.

  Bernard Evans 4 Success Realty, LLC

  2851 Carnes Ave, Memphis, TN 38114
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  /2

  $75,000

  • 4 Beds
  • 2 Baths
  • 1,530 Sq Ft

  3344 Kirby Trees Place Unit 8, Memphis, TN 38115

  Back on the market!!!! This is part of a two condo deal (3344 Kirby Trees and 5211 Flowering Peach) for $150,000.00. Units may be sold individually for $75,000.00 Unit is occupied at $1,400.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3344 Kirby Trees Place Unit 8, Memphis, TN 38115
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  /2

  $84,900

  • 2 Beds
  • 1 Bath
  • 1,020 Sq Ft

  961 Joseph Place, Memphis, TN 38107

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38107 area. With a monthly rental amount of $850/month. The lease ends on 8/15/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  961 Joseph Place, Memphis, TN 38107
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  /7

  $132,000

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft

  4207 Hickory Grove Dr, Memphis, TN 38141

  Outstanding Investment Opportunity! This charming 2-bedroom, 2-bath brick home is currently leased for $1,150/month and is professionally managed. The lease will expire or renew on April 1, 2026, and the tenant has been in residence since April 2024, consistently making timely payments. The home boasts a spacious den with a cozy fireplace, a kitchen with a breakfast area, and a generous master

  Jeremy Veldman KAIZEN Realty, LLC

  4207 Hickory Grove Dr, Memphis, TN 38141
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  /5

  $120,000

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

  944 Alice Ave, Memphis, TN 38106

  Charming home located in Memphis, TN, offering a welcoming atmosphere with its spacious living areas and abundant natural light. The property features 4 bedrooms and 2 bathrooms, providing ample space for all your needs. Enjoy the convenience of a well-appointed kitchen, a cozy living room, and a lovely backyard appropriate for outdoor activities. The home is situated in a friendly neighborhood

  Steven Koleno Beycome Brokerage Realty LLC

  944 Alice Ave, Memphis, TN 38106
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  /2

  $7,000

  • Land
  • 0.09 Acre
  • $77,778 per Acre

  1391 College St, Memphis, TN 38106

  This area is more than an address—it’s the heartbeat of culture and soul. From the legendary Stax Museum and iconic Beale Street to the inspiring National Civil Rights Museum, every corner hums with history, music, and meaning. Just miles away: Mississippi Boulevard Christian Church + Meharry Medical College launch a $310M Midtown makeover—big growth is coming! Parcel # - 014037 00009

  Karen Walker Epique Realty

  1391 College St, Memphis, TN 38106
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  /3

  $54,900

  • 2 Beds
  • 1 Bath
  • 793 Sq Ft

  1983 Hubert Ave, Memphis, TN 38108

  Investors! Welcome to a lovely 2 Bed/1 Bath rental that is cash flowing at $725 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease runs through 07/01/2026, so don't miss this opportunity to expand your portfolio!

  Joshua Cooper Sowell, Realtors

  1983 Hubert Ave, Memphis, TN 38108
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  /2

  $4,200

  • Land
  • 0.08 Acre
  • $52,500 per Acre

  47 W Gage Ave, Memphis, TN 38109

  Cleared vacant land for sale, ready for development with level terrain and convenient street access. Seller financing options available. Previously bought in tax sale.

  Virgil Pryor Harris Realty Services

  47 W Gage Ave, Memphis, TN 38109
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  /30

  $99,900

  • 3 Beds
  • 1.5 Baths
  • 1,238 Sq Ft

  3637 Neely Rd, Memphis, TN 38109

  Welcome to this beautifully maintained 3-bedroom, 1.5-bathroom single-family home. Featuring gleaming hardwood floors throughout, this home offers both warmth and character. The large backyard provides ample space for outdoor activities and gatherings, making it perfect for entertaining. With generous living spaces, well-appointed bedrooms, and updated bathrooms, this home is a perfect blend of

  Alexis Martz Trelora Realty

  3637 Neely Rd, Memphis, TN 38109
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  /2

  $9,000

  • Land
  • 0.12 Acre
  • $75,000 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 in areas experiencing continued revitalization and strong rental demand. Portfolio includes the following

  Austin Rowe Onward Real Estate

  829 Porter St, Memphis, TN 38126
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  /2

  $89,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3711 Wolf Trail Dr, Memphis, TN 38128

  PACKAGE SALE. FOUR properties. DRIVE-BY ONLY!!! No sign on properties. TENANT RIGHTS. DO NOT DISTURB TENANTS!!! Package includes 3711 Wolf Trail Cv, 3763 Clearbrook St, 4616 Blanding Dr and 4243 Sunnyslope. All properties rented & occupied. Total purchase price is $480,000. Combined monthly rent collected $4482. Text or call listing agent for more details. Properties NOT being sold separately. No

  Brook Loper 901 Properties

  3711 Wolf Trail Dr, Memphis, TN 38128
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  /34

  $84,900

  • 3 Beds
  • 1 Bath
  • 1,003 Sq Ft

  401 Bonita Dr, Memphis, TN 38109

  Welcome to 401 Bonita Dr in Memphis! This single-family ranch-style home offers a great opportunity to make it your own. Featuring 3 bedrooms and 1 bathroom, the home includes hardwood and laminate flooring, neutral colors, and plenty of natural light throughout. The kitchen is ready for your personal touch—bring your favorite appliances or consider a full remodel to create the cooking space

  Tiffany Jones Trelora Realty

  401 Bonita Dr, Memphis, TN 38109
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  /2

  $70,000

  • 3 Beds
  • 1 Bath
  • 850 Sq Ft

  1409 Gold Ave, Memphis, TN 38106

  PERFECT FOR AN INVESTOR-TENANT OCCUPIED WITH A 24-HOUR NOTICE TO SHOW; TENANT WITH NEW LEASE PAYING $1,000 A MONTH. PROPERTY HAS BEEN RENOVATED. CAN BE SOLD AS A PACKAGE WITH 1402 GOLD ST, 2394 WARREN ST AND 3552 MOUNTAIN TERRACE.

  Brooke Boone Harris & Harris Realty Group

  1409 Gold Ave, Memphis, TN 38106
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  /3

  $5,000

  • Land
  • 0.48 Acre
  • $10,417 per Acre

  0 N 2nd St, Memphis, TN 38103

  This is a package of two parcels for $33,000. Parcel ID# 039030 00001C (this listing) and parcel ID# 039031 00004C (land to the north) Seller does not have a survey or any additional documentation. Pictures of lot are approximate. Buyer to do their own due diligence.

  Debbie Holtermann Coldwell Banker Collins-Maury

  0 N 2nd St, Memphis, TN 38103
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  /16

  $80,000

  • 3 Beds
  • 1 Bath
  • 836 Sq Ft

  1510 Hindman Ave, Memphis, TN 38127

  Great 3 Bedroom, 1 Bath starter home, investment home or single family home. Needs painted, and new flooring installed. Can make this one how you want it! Call me today to view this home.

  Jennifer Boyd Heritage Homes Co.

  1510 Hindman Ave, Memphis, TN 38127
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  /2

  $29,900

  • Land
  • 0.64 Acre
  • $46,939 per Acre

  0 W Hollyford Rd, Memphis, TN 38114

  Parcel ID 06011300000150

  Kristy Liles eXp Realty

  0 W Hollyford Rd, Memphis, TN 38114
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  /14

  $134,900

  • 2 Beds
  • 1 Bath
  • 929 Sq Ft

  842 S Graham St, Memphis, TN 38111

  Quiet neighborhood. Beautiful wood work inside. Newly refinished hardwoods, interior and exterior paint. Nice deck overlooking the large fenced backyard. Great for relaxing.

  Les Jones Brookfield Properties, Inc.

  842 S Graham St, Memphis, TN 38111
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  /3

  $63,000

  • 2 Beds
  • 1 Bath
  • 782 Sq Ft

  3204 Millwood Rd, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied property being sold as-is. This home has 2 bedrooms and 1 bathroom and is currently being rented at $900 per month. This home could be a great addition to your investment portfolio. Many homes in this area are being rehabbed and sold for more money. Excellent BRRRR opportunity. Long term tenant who wants to stay. No sign in the yard, please do not disturb or

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3204 Millwood Rd, Memphis, TN 38109
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  /3

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,635 Sq Ft

  1170 Shadowline Dr, Memphis, TN 38109

  Great opportunity to add to your investment portfolio. This low-maintenance brick 4 bedroom, 2 bath home is tenant occupied and professionally managed. Current tenant has been in place since February 2018 at $1,250/month with a security deposit of $895. Lease is in place through February 28, 2027. Property is being sold as-is with tenant in place. Showings will be scheduled after an accepted

  Camela Henke Enterprise, REALTORS

  1170 Shadowline Dr, Memphis, TN 38109
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  /10

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,302 Sq Ft

  3680 Marion Ave, Memphis, TN 38111

  Investors or first-time home buyers dream all the hard work is done. Just need some trim paint and doors re-hung. Three bedrooms, two baths and laundry closet. New roof 2024, new Hvac 2025, new and refurbished floors 2025, new gas water heater 2025, new windows 2024, new gas stove still in box, new kitchen cabinets, bathrooms remodeled, backdoor and screen door new.

  Nancy Williams Weichert, REALTORS-BenchMark

  3680 Marion Ave, Memphis, TN 38111
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  /9

  $84,900

  • 3 Beds
  • 1 Bath
  • 994 Sq Ft

  3912 Callahan Dr, Memphis, TN 38127

  Great home for a investor or first time home owner. Solid brick home. Being sold as is but in good move in condition. Recent rent ready rehab.

  Joe King Marathon REALTORS, LLC

  3912 Callahan Dr, Memphis, TN 38127
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  /12

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,052 Sq Ft

  1941 Clifton Ave, Memphis, TN 38127

  Built 1985, 3 bed 1 bath investment property. All tile floors, recently painted interior. new blinds.

  Justin Thorne HomePlace Real Estate

  1941 Clifton Ave, Memphis, TN 38127
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  /6

  $15,500

  • 2 Beds
  • 1 Bath
  • 650 Sq Ft

  1772 Riverside Blvd, Memphis, TN 38109

  Brick 2 bedroom 1 bathroom home on corner lot available for sale! Convenient location just minutes from downtown. Can't beat this price. Many homes in this area are being rehabbed and sold for more money. Home has an open floor plan plus a friends entrance (perfect for entertaining). Home has hardwood floors and needs repairs but could be worth a lot once fixed up. This could be a great primary

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1772 Riverside Blvd, Memphis, TN 38109
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  /16

  $150,000

  • 2 Beds
  • 1.5 Baths
  • 1,120 Sq Ft

  5866 Roxbury Dr Unit 5866, Memphis, TN 38119

  Beautifully remodeled 2-bedroom, 1.5-bath condo in the heart of East Memphis. This home features an updated kitchen, luxury vinyl plank flooring throughout, and updated bathrooms. Located in a gated community that offers both security and peace of mind, residents also enjoy access to a neighborhood pool—perfect for relaxing and connecting with neighbors. A comfortable, move-in-ready space you’ll

  Kristen Monserrat The Home Partners Realty

  5866 Roxbury Dr Unit 5866, Memphis, TN 38119
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  /18

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,075 Sq Ft

  1304 Oak St, Memphis, TN 38106

  Preston Butts Coldwell Banker Collins-Maury

  1304 Oak St, Memphis, TN 38106
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  /5

  $50,000

  • Land
  • 3.96 Acres
  • $12,626 per Acre

  0 Morgan Rd, Memphis, TN 38128

  Set within a natural, wooded landscape, this +-3.9-acre residential parcel presents a compelling opportunity to create a custom home in a setting that balances privacy with accessibility. Conveniently located with easy access to the interstate and nearby city centers, this offering combines everyday connectivity with the appeal of a more tranquil setting. Daily amenities, dining, and services

  Fara Captain Zeitlin Sotheby's Internation

  0 Morgan Rd, Memphis, TN 38128
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  /9

  $89,900

  • 3 Beds
  • 1 Bath
  • 901 Sq Ft

  2352 Verdun Cove, Memphis, TN 38114

  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 blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2352 Verdun Cove, Memphis, TN 38114
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  /9

  $149,900

  • 3 Beds
  • 2 Baths
  • 1,297 Sq Ft

  3082 Bluffdale St, Memphis, TN 38118

  Available now! Great home for homeowner or investor. Newly renovated and move-in ready. Spacious eat-in kitchen with dining room, separate living room, hardwood throughout, 2 car carport, large fenced-in backyard. Convenient location. House has just been freshly painted (Nov 2025) and cleaned and is move-in ready! Call today!

  Jeremy Veldman KAIZEN Realty, LLC

  3082 Bluffdale St, Memphis, TN 38118

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