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.

  

  Caleb Hall

  Keller Williams

  (901) 676-8794

  842 Restbrook Ave, Memphis, TN 38127
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 763-6496

  3553 Randolph St, Memphis, TN 38127
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  /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 ...

  

  Caleb Hall

  Keller Williams

  (901) 660-2613

  598 Orchard Ave, Memphis, TN 38127
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  /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

  

  Austin Hall

  Evernest Too, LLC

  (901) 401-9034

  4620 Sunnybrook St, Memphis, TN 38127
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  /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

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6567

  279 W Person Ave, Memphis, TN 38109
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  /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 ?

  

  Austin Hall

  Evernest Too, LLC

  (901) 673-2530

  2061 Pendleton St, Memphis, TN 38114
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  /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

  

  Christopher Lucas

  eXp Realty, LLC

  (901) 617-7270

  3130 Harris Ave, Memphis, TN 38114
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  /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.

  

  Austin Hall

  Evernest Too, LLC

  (901) 295-4642

  804 Keel Ave, Memphis, TN 38107
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 617-7953

  3633 Early St, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 627-3812

  3323 Farmville Rd, Memphis, TN 38122
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  /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.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 660-4250

  1218 Ethel St, Memphis, TN 38114
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  /10

  $99,000

  • 2 Beds
  • 1 Bath
  • 1,080 Sq Ft

  761 Whitney Ave, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  (901) 675-6150

  761 Whitney Ave, Memphis, TN 38127
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  /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

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  (901) 657-2423

  2046 Portland Ave, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 716-8058

  1710 Mcnair St, Memphis, TN 38108
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  /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

  

  Vashti Parson

  C21 Patterson & Assoc. Real Es

  (901) 673-8122

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

  

  Caleb Hall

  Keller Williams

  (901) 446-3468

  3267 Millington Rd, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 668-8878

  3803 Rhodes Ave, Memphis, TN 38111
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 675-6372

  4123 Ronnie Rd, Memphis, TN 38128
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 668-7984

  1755 Atlas St, Memphis, TN 38108
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  /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.

  

  Stephen Mansour

  KAIZEN Realty, LLC

  (901) 673-2612

  344 Dixie Rd, Memphis, TN 38109
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  /2

  $8,000

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

  268 W Mckellar Ave, Memphis, TN 38109

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 710-0604

  268 W Mckellar Ave, Memphis, TN 38109
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 582-8931

  1009 Hudson St, Memphis, TN 38112
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  /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.

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  (901) 719-1723

  1307 W Raines Rd, Memphis, TN 38109
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 698-6819

  1669 Villa Rd, Memphis, TN 38108
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 665-3175

  518 Burlington Cir, Memphis, TN 38127
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  /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

  

  Kim Golden

  Mint Realty Group

  (901) 660-9774

  1311 Parkland Rd, Memphis, TN 38111
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 617-7626

  908 Restbrook Ave, Memphis, TN 38127
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  /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

  

  Anna Thomas

  Keller Williams

  (901) 675-7130

  8599 Geiberger Dr, Memphis, TN 38016
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 657-1902

  1045 Carrolton Ave, Memphis, TN 38127
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  /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.

  

  Keino Spring

  Harris & Harris Realty Group

  (901) 582-6178

  4713 Aldridge Dr, Memphis, TN 38109
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 883-5672

  1164 National St, Memphis, TN 38122
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 445-8043

  1150 Biltmore St, Memphis, TN 38122
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 673-2392

  3176 Benjestown Rd, Memphis, TN 38127
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  /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.

  

  Ken Cannon

  Crye-Leike of MS, Inc.

  (901) 445-8926

  1399 South Ave, Memphis, TN 38106
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  /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, &

  

  Jordan Ray

  eXp Realty, LLC

  (901) 881-4975

  3651 N Trezevant St, Memphis, TN 38127
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 668-6238

  851 Floyd Ave, Memphis, TN 38127
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  /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

  

  Julie Upchurch

  McWaters & Associates

  (901) 657-4352

  5045 Henry Heights Dr, Memphis, TN 38117
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  /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

  

  Ken Cannon

  Crye-Leike of MS, Inc.

  (901) 657-6245

  651 S Parkway E, Memphis, TN 38106
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 673-2982

  854 Carrolton Ave, Memphis, TN 38127
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  /9

  $68,250

  • 2 Beds
  • 1 Bath
  • 715 Sq Ft

  2344 Warren St, Memphis, TN 38106

  

  Austin Hall

  Evernest Too, LLC

  (901) 403-6311

  2344 Warren St, Memphis, TN 38106

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