1,263

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

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  • /2

    $71,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    842 Restbrook Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $800/mo. Professionally managed. Lease expires on 11/30/25.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 676-8794

    842 Restbrook Ave, Memphis, TN 38127
  • /2

    $101,450

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    3553 Randolph St, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $850/mo. Professionally managed. Lease expires on 12/31/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 763-6496

    3553 Randolph St, Memphis, TN 38127
  • /2

    $76,000

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

    598 Orchard Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $970/mo. Professionally managed. Lease expires on ...

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-2613

    598 Orchard Ave, Memphis, TN 38127
  • /7

    $105,000

    • 3 Beds
    • 1 Bath
    • 861 Sq Ft

    4620 Sunnybrook St, Memphis, TN 38127

    Discover this well-kept home located at 4620 Sunnybrook in Memphis, TN, offering comfort, convenience, and excellent rental potential. This property features a functional layout with inviting living spaces, a bright kitchen, and cozy bedrooms, making it a great fit for long-term tenants. The home includes a spacious yard—perfect for outdoor enjoyment—and sits in an established neighborhood close

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 401-9034

    4620 Sunnybrook St, Memphis, TN 38127
  • /9

    $149,000

    • 4 Beds
    • 1,512 Sq Ft

    279 W Person Ave, Memphis, TN 38109

    Triplex + Two Extra Lots! Excellent income-producing property located in the heart of Memphis. This opportunity includes the main triplex plus two adjacent lots, offering additional value and long-term potential for development or expansion. Two units are currently rented for a combined $1,490 per month, and the third unit is being marketed for $695, bringing total potential gross rents to $2,185

    Agent Photo

    Walter Jones

    BEST Real Estate Company

    (901) 883-6567

    279 W Person Ave, Memphis, TN 38109
  • /9

    $71,400

    • 2 Beds
    • 1 Bath
    • 792 Sq Ft

    2061 Pendleton St, Memphis, TN 38114

    ?? 2061 Pendleton St, Memphis, TN $71,400 Turnkey Rental | Cash-Flowing Investment Solid buy-and-hold opportunity in Memphis with income in place. This 2 bedroom, 1 bathroom property is tenant-occupied and currently renting for $885 per month, providing immediate cash flow from day one. ? Performing tenant in place ? Stable rental history ? Low-maintenance asset ? Strong Memphis rental demand ?

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    Austin Hall

    Evernest Too, LLC

    (901) 673-2530

    2061 Pendleton St, Memphis, TN 38114
  • /15

    $95,000

    • 2 Beds
    • 2 Baths
    • 1,079 Sq Ft

    3130 Harris Ave, Memphis, TN 38114

    Looking for a fixer upper with some room for equity after repair... look no further. This 2 bedroom, 2 bathroom home is the perfect starter home or initial investment property. With the interior fully updated, this house need some final touches and a little elbow grease to bring it all together. FYI, after value is above $140,000. Call with question or schedule your showing today. Agent/Owner

    Agent Photo

    Christopher Lucas

    eXp Realty, LLC

    (901) 617-7270

    3130 Harris Ave, Memphis, TN 38114
  • /4

    $124,900

    • 3 Beds
    • 2 Baths
    • 1,066 Sq Ft

    804 Keel Ave, Memphis, TN 38107

    804 Keel Ave, Memphis, TN Turnkey in Memphis priced at $124,900. This tenant-occupied property is currently renting for $1,175 per month , providing immediate cash flow for investors. Ideal for buy-and-hold investors seeking steady income in the Memphis rental market. Do not disturb tenant. Showings upon accepted offer only.

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 295-4642

    804 Keel Ave, Memphis, TN 38107
  • /2

    $113,250

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    3633 Early St, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $725/mo. Professionally managed. Lease expires on 8/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7953

    3633 Early St, Memphis, TN 38127
  • /2

    $115,710

    • 2 Beds
    • 1 Bath
    • 827 Sq Ft

    3323 Farmville Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $775 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 627-3812

    3323 Farmville Rd, Memphis, TN 38122
  • /2

    $139,999

    • 8 Beds
    • 4 Baths
    • 2,784 Sq Ft

    1218 Ethel St, Memphis, TN 38114

    Great investment opportunity! Each unit offers 4 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. All offers must include proof of funds. This unit can be sold individually or with 1218 Ethel.

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    Rasheedah Jones

    Dreamteam Realty Co

    (901) 660-4250

    1218 Ethel St, Memphis, TN 38114
  • /10

    $99,000

    • 2 Beds
    • 1 Bath
    • 1,080 Sq Ft

    761 Whitney Ave, Memphis, TN 38127

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 675-6150

    761 Whitney Ave, Memphis, TN 38127
  • /24

    $55,000

    • 2 Beds
    • 1 Bath
    • 833 Sq Ft

    2046 Portland Ave, Memphis, TN 38127

    Take a look at this one move in ready and fresh paint new LVP floors counter tops and roof a few years old nice size back yard driveway parking call me or call your favorite agent to view ! Cash or conventional loan no blind Offers call for any info questions that you may have. Use the attached docs to submit all offers Beautiful remodeled bathroom to relax in ! Sold AS-Is seller will make no

    Agent Photo

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 657-2423

    2046 Portland Ave, Memphis, TN 38127
  • /2

    $134,330

    • 2 Beds
    • 1 Bath
    • 939 Sq Ft

    1710 Mcnair St, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 716-8058

    1710 Mcnair St, Memphis, TN 38108
  • /2

    $65,000

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

    4721 Queens Lace Ct Unit 56, Memphis, TN 38118

    Back on the Market! This nice 2-bedroom, 2-bathroom condo offers a spacious and functional layout. Currently tenant-occupied with reliable renters in place that's been there for 10 years. it’s a turnkey investment with immediate rental income potential. The unit features an open living room and dining room area, kitchen, in-unit laundry, and ample natural light throughout. Both bedrooms are

    Agent Photo

    Vashti Parson

    C21 Patterson & Assoc. Real Es

    (901) 673-8122

    4721 Queens Lace Ct Unit 56, Memphis, TN 38118
  • /2

    $90,000

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

    3267 Millington Rd, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $700/mo. Professionally managed. Lease expires on 9/20/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 446-3468

    3267 Millington Rd, Memphis, TN 38127
  • /2

    $143,640

    • 3 Beds
    • 1 Bath
    • 1,119 Sq Ft

    3803 Rhodes Ave, Memphis, TN 38111

    Renovated rental property with an active lease in place. Currently leased at $1,150 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 668-8878

    3803 Rhodes Ave, Memphis, TN 38111
  • /2

    $140,980

    • 2 Beds
    • 1 Bath
    • 1,018 Sq Ft

    4123 Ronnie Rd, Memphis, TN 38128

    Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 675-6372

    4123 Ronnie Rd, Memphis, TN 38128
  • /2

    $140,980

    • 3 Beds
    • 2 Baths
    • 1,040 Sq Ft

    1755 Atlas St, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 668-7984

    1755 Atlas St, Memphis, TN 38108
  • /8

    $99,000

    • 4 Beds
    • 1 Bath
    • 1,124 Sq Ft

    344 Dixie Rd, Memphis, TN 38109

    LARGE LOT WITH A STORAGE SHED, LARGE PATIO AND FOUR BEDROOMS. PRICED TO SELL. AC WILL BE INSTALLED AT CLOSING.

    Agent Photo

    Stephen Mansour

    KAIZEN Realty, LLC

    (901) 673-2612

    344 Dixie Rd, Memphis, TN 38109
  • /2

    $8,000

    • Land
    • 0.17 Acre
    • $47,059 per Acre

    268 W Mckellar Ave, Memphis, TN 38109

    Agent Photo

    Tonya McDowell

    The Stamps Real Estate Company

    (901) 710-0604

    268 W Mckellar Ave, Memphis, TN 38109
  • /2

    $113,050

    • 2 Beds
    • 1 Bath
    • 997 Sq Ft

    1009 Hudson St, Memphis, TN 38112

    Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 582-8931

    1009 Hudson St, Memphis, TN 38112
  • /4

    $25,000

    • Land
    • 1.93 Acres
    • $12,953 per Acre

    1307 W Raines Rd, Memphis, TN 38109

    Take a look at this parcel of land the possibilities are unlimited build your dream home or build multiple homes your choice drive by and take a look and start planning. Need a builder let me know. Drive by.

    Agent Photo

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 719-1723

    1307 W Raines Rd, Memphis, TN 38109
  • /2

    $151,620

    • 3 Beds
    • 2 Baths
    • 1,516 Sq Ft

    1669 Villa Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 698-6819

    1669 Villa Rd, Memphis, TN 38108
  • /2

    $130,000

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

    518 Burlington Cir, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $1,176.00/mo. Professionally managed. Lease expires on 8/30/2025.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 665-3175

    518 Burlington Cir, Memphis, TN 38127
  • /11

    $125,000

    • 3 Beds
    • 2 Baths
    • 1,393 Sq Ft

    1311 Parkland Rd, Memphis, TN 38111

    Rare opportunity to own a 3BR/2BA home + Office with 3 year old HVAC and hot water heater in a quiet, well-established neighborhood. Perfect for an owner occupant or investor! This solid, light-filled home features new vinyl siding, hardwood floors, generous room sizes and a park-like backyard. The home has central A/C and Heat along with stainless steel appliances, including a refrigerator and

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    Kim Golden

    Mint Realty Group

    (901) 660-9774

    1311 Parkland Rd, Memphis, TN 38111
  • /2

    $102,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    908 Restbrook Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $725/mo. Professionally managed. Lease expires on 4/24/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7626

    908 Restbrook Ave, Memphis, TN 38127
  • /3

    $145,000

    • Land

    8599 Geiberger Dr, Memphis, TN 38016

    *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

    Agent Photo

    Anna Thomas

    Keller Williams

    (901) 675-7130

    8599 Geiberger Dr, Memphis, TN 38016
  • /2

    $92,500

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft

    1045 Carrolton Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $800/mo. Professionally managed. Lease expires on 4/4/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 657-1902

    1045 Carrolton Ave, Memphis, TN 38127
  • /12

    $124,500

    • 3 Beds
    • 1.5 Baths
    • 1,170 Sq Ft

    4713 Aldridge Dr, Memphis, TN 38109

    This beautiful 3 bed 1.5 bath home is perfect for a first time homeowner or a seasoned investor. New floors, fresh paint, and new light fixtures. Schedule your tour today.

    Agent Photo

    Keino Spring

    Harris & Harris Realty Group

    (901) 582-6178

    4713 Aldridge Dr, Memphis, TN 38109
  • /2

    $138,000

    • 3 Beds
    • 2 Baths
    • 1,466 Sq Ft

    1164 National St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,000 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 883-5672

    1164 National St, Memphis, TN 38122
  • /2

    $140,980

    • 2 Beds
    • 1 Bath
    • 1,227 Sq Ft

    1150 Biltmore St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $950 with a lease expiration of 03/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-8043

    1150 Biltmore St, Memphis, TN 38122
  • /2

    $102,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    3176 Benjestown Rd, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $775/mo. Professionally managed. Lease expires on 8/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 673-2392

    3176 Benjestown Rd, Memphis, TN 38127
  • /15

    $35,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    1399 South Ave, Memphis, TN 38106

    INVESTOR SPECIAL!!! Great Investment Property. The primary house will need some work done to the interior and exterior. The 36x12 workshop and the large yard are highlights of the property. The property is convenient to shopping, restaurants, and schools. A streetlight was added in September of 2025 which adds extra lighting and security. Cash or Conventional only.

    Agent Photo

    Ken Cannon

    Crye-Leike of MS, Inc.

    (901) 445-8926

    1399 South Ave, Memphis, TN 38106
  • /2

    $145,000

    • 4 Beds
    • 2 Baths
    • 1,296 Sq Ft

    3651 N Trezevant St, Memphis, TN 38127

    TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,500/month & the lease expires 6/30/2026. Section 8 tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, &

    Agent Photo

    Jordan Ray

    eXp Realty, LLC

    (901) 881-4975

    3651 N Trezevant St, Memphis, TN 38127
  • /2

    $109,000

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

    851 Floyd Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $850/mo. Professionally managed. Lease expires on 12/31/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 668-6238

    851 Floyd Ave, Memphis, TN 38127
  • /2

    $140,000

    • Land
    • 0.14 Acre
    • $1,000,000 per Acre

    5045 Henry Heights Dr, Memphis, TN 38117

    Build your dream home on Lot 8 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.14 acre, you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something different? Bring your own

    Agent Photo

    Julie Upchurch

    McWaters & Associates

    (901) 657-4352

    5045 Henry Heights Dr, Memphis, TN 38117
  • /22

    $12,000

    • Land
    • 0.11 Acre
    • $109,091 per Acre

    651 S Parkway E, Memphis, TN 38106

    Nice lot with a brick building on the corner of S Parkway E. and S. Orleans for sale or rent. Close to shopping, restaurants, and much more. Property can be viewed at any time. Owner/Agent Property. Utilities nearby. The neighbor has been maintaining the property and will be moving his wood fence back to his property line, then the brick building that is part of the property will be fully

    Agent Photo

    Ken Cannon

    Crye-Leike of MS, Inc.

    (901) 657-6245

    651 S Parkway E, Memphis, TN 38106
  • /2

    $123,000

    • 4 Beds
    • 2 Baths
    • 1,800+ Sq Ft

    854 Carrolton Ave, Memphis, TN 38127

    Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $800/mo. Professionally managed. Lease expires on 8/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 673-2982

    854 Carrolton Ave, Memphis, TN 38127
  • /9

    $68,250

    • 2 Beds
    • 1 Bath
    • 715 Sq Ft

    2344 Warren St, Memphis, TN 38106

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 403-6311

    2344 Warren St, Memphis, TN 38106

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