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

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  /7

  $116,500 New Construction

  • 1 Bed
  • 1 Bath
  • 687 Sq Ft

  818 Semmes St, Memphis, TN 38111

  Beautiful one-bedroom, one-bathroom cottage with an office known as "Merigold Cottage" is now available for first-time homebuyers only. NO investors. Buyer must meet HUD 2025 80% AMI total household income eligibility. See info in MLS docs. The Seller is offering a one-year builder's warranty, and $25K downpayment assistance is also available. Range/oven and dishwasher will be installed before

  Tammy Coleman Legendary Realty

  818 Semmes St, Memphis, TN 38111
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  /27

  $109,000

  • 3 Beds
  • 2 Baths
  • 1,216 Sq Ft

  3646 Overton Crossing St, Memphis, TN 38127

  Nicely upkept and recently updated 3 Bed 2 Bath home perfect for investors looking to add to their portfolio. LVP flooring throughout, ring doorbell camera, range, new gas water tank, new furnace, newer condnsor and coil. Large corner lot with partially fenced yard and plenty of parking. Currently rented MHA on a new lease January 2026.

  Michael Valenza eXp Realty, LLC

  3646 Overton Crossing St, Memphis, TN 38127
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  /7

  $24,500

  • Land
  • 0.72 Acre
  • $34,028 per Acre

  280 Bullington Ave, Memphis, TN 38106

  Opportunity is here! 7 lots available on 1 parcel. If you're looking to develop & build in this area then look no further. Lots 6, 7, 8, 9, 10, 11, 12 and the East 5 feet of Lot 13. Location is near Stax Museum. Don't let this chance pass you by~

  Angela Cage Harris & Harris Realty Group

  280 Bullington Ave, Memphis, TN 38106
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  /15

  $80,900

  • 2 Beds
  • 1 Bath
  • 968 Sq Ft

  1349 Longcrest Rd, Memphis, TN 38109

  Cash-Flowing investment opportunity by Coro Lake in Whitehaven. Leased through October 2026! Tenant paying $900/mo. No showings without accepted offer.

  Caleb Parr Renshaw Company, REALTORS

  1349 Longcrest Rd, Memphis, TN 38109
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  /25

  $76,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  1823 Cedarhurst Ave, Memphis, TN 38127

  Charming 3BR/1BA Colonial in Frayser with updated laminate and vinyl flooring throughout—no carpet! This single-story home features a spacious living/dining combo, central gas heat, and a large 7,840 sq ft lot with mature trees and a 2-car driveway pad. Located near Frayser Park and local amenities. Part of a 4-property investment package: 2220 Hillside Ave ($100K), 2607 Barron Ave ($497K), and

  Curtis Bleeker KAIZEN Realty, LLC

  1823 Cedarhurst Ave, Memphis, TN 38127
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  /14

  $109,900

  • 3 Beds
  • 1 Bath
  • 913 Sq Ft

  4374 Ford Rd, Memphis, TN 38109

  *Last contract failed due to no fault of seller* Neat as a pin. Offers 3 bedrooms, 1 bath, separate living room & eat in kitchen. The interior has mostly laminate flooring & carpet in one bedroom. The exterior is brick & vinyl siding. Also has a 1 car attached carport. Must see! NO BLIND OFFERS!!!

  Jimmie Hopson Crye-Leike, Inc., REALTORS

  4374 Ford Rd, Memphis, TN 38109
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  /17

  $134,900

  • 3 Beds
  • 1 Bath
  • 1,059 Sq Ft

  190 E Fernwood Ave, Memphis, TN 38109

  This beautiful home has been completely updated from top to bottom! It features a new 30-year architectural roof, fresh paint inside and out, updated lighting, and beautiful commercial-grade, low-maintenance waterproof LVP flooring. The bathroom has been fully renovated with new tile, vanity, tub, mirror, and lighting. The kitchen boasts brand-new cabinets with soft-close drawers, new

  Wei Zhai eXp Realty, LLC

  190 E Fernwood Ave, Memphis, TN 38109
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  /16

  $44,900

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  177 Modder Ave, Memphis, TN 38109

  Calling all investors! HUGE PRICE DROP....Great Opportunity. This home is for sale! Needs repairs but could be worth a lot of money once fixed up. Some repairs have been completed and the electrical is currently on! Can fix it up and sell for a lot of money or keep it and live in it. Many homes in this area are being rehabbed & sold for more money! ONLINE VIDEO AVAILABLE UPON REQUEST. No

  Tyler Tapley Crye-Leike, Inc., REALTORS

  177 Modder Ave, Memphis, TN 38109
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  /2

  $115,000

  • 2 Beds
  • 1 Bath
  • 1,288 Sq Ft

  1452 Castalia St, Memphis, TN 38114

  INVESTOR SPECIAL!!! Investors are welcomed!!! Perfect for investors who want a fully renovated home to added to their portfolio!! Tenant set to move Jan 2026. Home was fully rehabbed in 2022 with numerous upgrades including new flooring throughout, new windows, updated bathroom, new fixtures, new HVAC system and new water heater. Guaranteed income with minimal maintenance needs.

  Ivana Johnson Coldwell Banker Collins-Maury

  1452 Castalia St, Memphis, TN 38114
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  /23

  $140,000

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  1120 Parkland Rd, Memphis, TN 38111

  Welcome to 1120 Parkland Rd, Memphis, TN 38111—a warm and inviting home ready for a new family to create lasting memories. Situated in a generous .25-acre lot, this beautifully updated 2-bedroom, 1-bath home also includes a versatile office space with its own private entry, perfect for a home office, playroom, or guest area. The home has been thoughtfully renovated with a new roof, new windows, a

  Cecilia Fernandez The Home Partners Realty

  1120 Parkland Rd, Memphis, TN 38111
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  /7

  $115,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4503 Beacon Hill Dr, Memphis, TN 38127

  Welcome to 4503 Beacon Hill Drive! This tenant-occupied 3-bedroom, 1-bath home features hard surface flooring throughout, a spacious living area, and a modern kitchen with large shaker cabinets. All bedrooms are on one level, with a separate dining area and central heat and air for year-round comfort. Enjoy a large fenced backyard and a driveway pad for off-street parking. Perfect for a first

  James Wachob Foundation Property Management

  4503 Beacon Hill Dr, Memphis, TN 38127
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  /2

  $10,000

  • Land
  • 0.58 Acre
  • $17,241 per Acre

  0 Blackburn Ave Unit 10213663, Memphis, TN 38127

  This lot is the first lot on the right. The other lot next to is also available and can be purchased together as a package deal or separately. Both can be built on and have access to all major public utilities. Show anytime. Sign in area with lots.

  Latonya Wilson Keller Williams

  0 Blackburn Ave Unit 10213663, Memphis, TN 38127
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  /5

  $14,500

  • Land
  • 0.43 Acre
  • $33,721 per Acre

  386 Dixie Rd, Memphis, TN 38109

  .43 acre Land to build that home you always wanted. address is 386 Dixie Avenue, residential land in established neighborhood. drive by today

  Christine Abston REMAX Experts

  386 Dixie Rd, Memphis, TN 38109
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  /15

  $84,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3230 Ardmore St, Memphis, TN 38127

  Investor special! This is an AS-IS only offering. Seller will not make repairs. No wholesale / assignment contracts will be considered. Priced to sell!!

  Jamie Green River City Land Co., LLC

  3230 Ardmore St, Memphis, TN 38127
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  /31

  $116,500

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

  3245 Sinclair St, Memphis, TN 38127

  Investment opportunity. Tenant occupied property available for sale. Investors only. Brick home with three bedrooms, one and a half baths and covered parking on a quiet street. Professionally managed, lease and ledger available upon request. Currently rented for $1095/mo. Seller is also has 449 Fernwood, 1675 Haywood, 1247 Vistaview, (can buy these homes in bulk or individually). Property was

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3245 Sinclair St, Memphis, TN 38127
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  /14

  $89,900 Pre-Foreclosure

  • 4 Beds
  • 2 Baths
  • 1,190 Sq Ft

  5138 Chantilly Dr, Memphis, TN 38127

  Secure your next win at 5138 Chantilly Drive. This well-maintained 3BD/2BA residence is located in the established Cedarwood community, just minutes from Northaven Elementary. With a functional 1,190 sq. ft. floor plan and central air/heat, this home is attractive to long-term tenants and families alike. The large backyard provides plenty of privacy. With 3-bedroom rents in the 38127 area

  Courtney Read Vylla Home

  5138 Chantilly Dr, Memphis, TN 38127
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  /2

  $5,050

  • Land
  • 0.08 Acre
  • $63,125 per Acre

  1824 Rozelle St, Memphis, TN 38106

  Available vacant lot. Also selling 1832 Rozelle.

  Virgil Pryor Harris Realty Services

  1824 Rozelle St, Memphis, TN 38106
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  /2

  $107,500

  • 4 Beds
  • 2 Baths
  • 1,363 Sq Ft

  1898 E Mclemore Ave, Memphis, TN 38114

  Charming 3BR/2BA Home w/ Bonus Room~Property Recently Vacated~Professionally Managed by Local PM Company~Interior Photos Will Be Uploaded Monday February 9~Seller is also selling 3791 Marvin ($80k), 2933 N Radford ($70k) and 2933 N Radford ($70,000). Seller is not interested in creative financing offers or owner financing offers.

  Jennifer Carstensen Real Estate Agency

  1898 E Mclemore Ave, Memphis, TN 38114
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  /15

  $95,000

  • 2 Beds
  • 1 Bath
  • 896 Sq Ft

  2540 Malone Ave, Memphis, TN 38114

  INVESTERS ONLY!! Tenant occupied super cute 2Bed 1Bath home with low maintenance exterior and large detached workshop! Rent is $890/mo. Home will be a great addition to your portfolio and is professionally managed by Reedy and Company. This home was rehabbed within the last 18 months before the current tenant moved in. It has new interior paint, new exterior paint, nice looking roof (with no

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2540 Malone Ave, Memphis, TN 38114
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  /9

  $100,000

  • 3 Beds
  • 1 Bath
  • 853 Sq Ft

  2961 Southwall Cove, Memphis, TN 38114

  Great opportunity for investors or buyers looking to add value! This property is being sold as-is and offers strong potential as a rental or renovation project. Conveniently located near major roads, shopping, and employment centers, this home provides easy access to everything Memphis has to offer. Whether you’re looking for a long-term rental, fix-and-hold, or flip opportunity, 2961 Southwall

  Alex Evans Reedy & Company, REALTORS

  2961 Southwall Cove, Memphis, TN 38114

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