1,521

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

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  • /8

    $89,000

    • 2 Beds
    • 1 Bath
    • 1,076 Sq Ft

    1487 Swift St, Memphis, TN 38109

    Renovated in 2023, this income-producing property is an excellent opportunity for investors seeking a rent-ready asset with professional management already in place. Featuring a functional floor plan with a spacious living room, separate dining area, decorative fireplace, and a dedicated laundry room, this home also offers a covered front porch and a large backyard—appealing features for

    Agent Photo

    Amy Woods

    Crye-Leike, Inc., REALTORS

    (901) 883-6119

    1487 Swift St, Memphis, TN 38109
  • /2

    $125,020

    • 2 Beds
    • 1 Bath
    • 672 Sq Ft

    3734 Townes Ave, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 589-5113

    3734 Townes Ave, Memphis, TN 38122
  • /2

    $149,000

    • 3 Beds
    • 1.5 Baths
    • 1,621 Sq Ft

    1472 E Holmes Rd, Memphis, TN 38116

    Investor Opportunity – Turnkey Rental with Long-Term Tenant Located at 1472 E Holmes Rd, Memphis, TN, this income-producing property is a solid addition to any rental portfolio. Currently generating $1,185/month in rent, this home offers immediate cash flow with a reliable tenant in place for over 10 years—a rare and valuable advantage for investors seeking stability. This property minimizes

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    Austin Hall

    Evernest Too, LLC

    (901) 446-1177

    1472 E Holmes Rd, Memphis, TN 38116
  • /28

    $148,000

    • 1 Bed
    • 1 Bath
    • 693 Sq Ft

    66 Monroe Ave Unit 405, Memphis, TN 38103

    Live in the heart of it all at The Shrine Building. This downtown condo offers efficient living with an open-concept layout. Ideal for full-time living or a secondary downtown retreat, the location places you just minutes from the Medical District, University of Tennessee Health Science Center, and Southern College of Optometry, and within walking distance to the University of Memphis Cecil C.

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    Edwin Scruggs

    BHHS Taliesyn Realty

    (901) 668-5600

    66 Monroe Ave Unit 405, Memphis, TN 38103
  • /14

    $86,000

    • 1 Bed
    • 1 Bath
    • 667 Sq Ft

    635 Patterson St Unit 4, Memphis, TN 38111

    Walking distance to the University of Memphis and local resturants. Upstairs units. 1 bedroom/1 bath. Bedroom and living area is spacious. Sliding door with outside patio area. Parking spaces included. Laundry facilities at complex. Condo fees only $130/mo. HOA replaces all this roofs and repaved the parking lot in 2025.

    Agent Photo

    Scott Carrier

    Keller Williams

    (901) 665-4047

    635 Patterson St Unit 4, Memphis, TN 38111
  • /2

    $147,630

    • 2 Beds
    • 1 Bath
    • 916 Sq Ft

    3561 Orchi Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 03/31/2026. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    (901) 673-9047

    3561 Orchi Rd, Memphis, TN 38108
  • /9

    $25,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    2139 Lyon Ave, Memphis, TN 38108

    Fantastic Investment Opportunity In Hyde Park neighborhood! AS-IS! No wholesalers! No seller financing! Cash or Hard Money offers only! The seller is looking for offers with no inspection contingencies since the property is vacant and can be viewed anytime. Rental rates for the area are $750 - $1,100/month. VIDEO AVAILABLE UPON REQUEST!

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    Jordan Ray

    eXp Realty, LLC

    (901) 668-8973

    2139 Lyon Ave, Memphis, TN 38108
  • /2

    $140,000

    • 4 Beds
    • 1.5 Baths
    • 1,708 Sq Ft

    2381 Hillside Ave, Memphis, TN 38127

    Move-in ready 4-bedroom, 1.5-bath home offering approximately 1,700 square feet of living space on a spacious 0.33-acre lot. This property features a functional floor plan with generously sized bedrooms and comfortable living areas, making it ideal for both homeowners and investors. The home includes a large yard with plenty of space for outdoor activities, along with convenient covered parking.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 698-3192

    2381 Hillside Ave, Memphis, TN 38127
  • /2

    $148,960

    • 3 Beds
    • 1 Bath
    • 974 Sq Ft

    3954 Berkshire Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $725 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 657-6097

    3954 Berkshire Ave, Memphis, TN 38108
  • /24

    $99,900

    • Land
    • 25,264 Sq Ft
    • $172,241 per Acre

    9385 Greybear Cove, Unincorporated, TN 38018

    Lots,Lots, & more LOTS! (18 to be exact) Here is A rare Opportunity in Shelby County outside the city limits. Discover the perfect setting for your dream home in this beautiful, private gated community. With 18 lots to choose from, you can select the ideal homesite that fits your vision. Enjoy the convenience of city water and sewer, while benefiting from being located in an unincorporated area.

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    John Stamps

    The Stamps Real Estate Company

    (901) 657-4389

    9385 Greybear Cove, Unincorporated, TN 38018
  • /15

    $89,500

    • 2 Beds
    • 2 Baths
    • 924 Sq Ft

    1975 Cloverdale Dr, Memphis, TN 38114

    Looking for a really cute home with 2 bedrooms and 2 FULL BARHS and large fenced backyard, perfect for cookouts and gathering. Master bath is 10 x 7 feet, and the house note is less than $800 per month. This is cheaper than renting. Home completely remodeled and located near S Parkway and Lamar. Close to the expressway, shopping and churches. Don’t wait for the open house. Call today for private

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    Oliver Peyton

    The Peyton Co., Inc., REALTORS

    (901) 546-3999

    1975 Cloverdale Dr, Memphis, TN 38114
  • /2

    $146,000

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

    4117 Grey Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 669-4577

    4117 Grey Rd, Memphis, TN 38108
  • /2

    $100,000

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

    1060 Forrest Ave, Memphis, TN 38105

    Great investment opportunity-Investors this is one for the books! Located Downtown and minutes from the Medical District. As-Is Sale. Bring all offers!

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    Tammy Taylor

    KAIZEN Realty, LLC

    (901) 660-5421

    1060 Forrest Ave, Memphis, TN 38105
  • /2

    $114,000

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

    828 Floyd Ave, Memphis, TN 38127

    Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $875/mo. Professionally managed. Lease expires on 4/1/2027.

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    Caleb Hall

    Keller Williams

    (901) 902-5053

    828 Floyd Ave, Memphis, TN 38127
  • /2

    $104,990

    • 3 Beds
    • 1 Bath
    • 1,005 Sq Ft

    916 Carrolton Ave, Memphis, TN 38127

    Do not disturb tenant! Home currently under two year lease. Perfect investment property with solid tenant!

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    Leaser Coleman

    Empire Realty, LLC

    (901) 445-8464

    916 Carrolton Ave, Memphis, TN 38127
  • /2

    $150,290

    • 3 Beds
    • 1 Bath
    • 1,021 Sq Ft

    3504 Buchanan Ave, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $900 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    (901) 422-8510

    3504 Buchanan Ave, Memphis, TN 38122
  • /12

    $135,000

    • 2 Beds
    • 2 Baths
    • 1,107 Sq Ft

    2452 Saratoga Ave, Memphis, TN 38114

    INVESTOR ALERT! Turnkey, tenant-occupied duplex with strong cash flow, exceeding the 1% rule. Both units leased at $700/month. Memphis continues to attract investor demand due to affordable price points and solid rent-to-price ratios. No assignable offers. No seller financing. Drive by only. Do not disturb tenants. Showings only with accepted contract.

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    Walter Jones

    BEST Real Estate Company

    (901) 883-6784

    2452 Saratoga Ave, Memphis, TN 38114
  • /2

    $74,000

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

    607 Burlington Cir, Memphis, TN 38127

    Buyer failed financing, price under appraised value. Part of a 39 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 7/31/2026

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 675-6680

    607 Burlington Cir, Memphis, TN 38127
  • /2

    $126,350

    • 3 Beds
    • 1 Bath
    • 1,418 Sq Ft

    3348 Lamphier Ave, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1050 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-7533

    3348 Lamphier Ave, Memphis, TN 38122
  • /16

    $109,901

    • 3 Beds
    • 1 Bath
    • 918 Sq Ft

    2877 Brewer Ave, Memphis, TN 38114

    Remodeled Memphis micro-mansion paying rent. Proof good things come in small, profitable packages. Special financing for first time investors available with 20% down, ask broker for details.

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    Pablo Pereyra

    901, REALTORS

    (901) 716-9604

    2877 Brewer Ave, Memphis, TN 38114
  • /2

    $121,030

    • 3 Beds
    • 1 Bath
    • 1,193 Sq Ft

    3818 Grey Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $750 with a lease expiration of 08/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 673-3019

    3818 Grey Rd, Memphis, TN 38108
  • /40

    $112,000

    • 3 Beds
    • 2 Baths
    • 1,821 Sq Ft

    1050 Cummings St, Memphis, TN 38106

    Welcome to this Southern Charm 1,821sq. ft. home in the heart of South Memphis! Located at 1050 Cummings St, this spacious 3-bedroom, 2-bathroom residence offers a perfect blend of historical and functional living. Step inside to discover NEW gray vinyl plank flooring and fresh interior paint in a Freshly painted blue-gray palette, creating a clean, airy atmosphere throughout. The generous layout

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    Tara Woodley

    Zach Taylor Real Estate

    (901) 460-3137

    1050 Cummings St, Memphis, TN 38106
  • /2

    $99,750

    • 2 Beds
    • 1 Bath
    • 825 Sq Ft

    3620 S Lloyd Cir, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 716-9291

    3620 S Lloyd Cir, Memphis, TN 38108
  • /17

    $99,900

    • 3 Beds
    • 1 Bath
    • 975 Sq Ft

    3284 Parham St, Memphis, TN 38127

    Welcome home! This awesome Move-in ready property would be great for owner occupants and investors alike. This 3 bed, 1 bath home features fresh paint, beautiful hardwood floors, and updated bathroom and kitchen! The two-car garage is huge and has an additional workshop/storage space. Schedule your viewing today before this one is gone!

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    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 675-5689

    3284 Parham St, Memphis, TN 38127
  • /2

    $8,000

    • Land
    • 7,405 Sq Ft
    • $47,059 per Acre

    267 W Mckellar Ave, Memphis, TN 38109

    Buyer to do their own due diligence. Please drive by the lot and feel free to walk the property. Cash offers only please. No seller financing.

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    Tonya McDowell

    The Stamps Real Estate Company

    (901) 472-3871

    267 W Mckellar Ave, Memphis, TN 38109
  • /19

    $120,000

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

    1100 Rozelle St, Memphis, TN 38106

    Tenant in place at $995 until 12/26/26. This fully renovated 3-bedroom, 1-bathroom home is the perfect addition to your portfolio. With all the heavy lifting already done, this property is ready to generate immediate cash flow or serve as a low-maintenance, long-term hold. Recent updates include brand-new flooring, fresh paint, modern fixtures, a completely updated kitchen with new appliances,

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-8139

    1100 Rozelle St, Memphis, TN 38106
  • /2

    $81,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    603 Burlington Cir, Memphis, TN 38127

    Buyer failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained. Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 7/30/25.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 665-2674

    603 Burlington Cir, Memphis, TN 38127
  • /2

    $80,000

    • 3 Beds
    • 1 Bath
    • 1,267 Sq Ft

    1388 Preston St, Memphis, TN 38106

    This is a nice family home on a corner lot with a large covered porch.

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 479-0734

    1388 Preston St, Memphis, TN 38106
  • /5

    $55,000

    • 3 Beds
    • 2 Baths
    • 1,295 Sq Ft

    1455 Doris Ave, Memphis, TN 38106

    Great Rehab investment to add to your Portfolio. New 220 wiring, Hardwood floors need refinishing roof 5 years old. New installation, New Sheetrock, New Light Fixtures and it has new Air Ducts also can be converted into a 4BR. A must sell quick!!!Property SOLD AS-IS. CASH ONLY. Make your best offer!

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    Jo Mathes

    Pinnacle Realty

    (901) 669-3622

    1455 Doris Ave, Memphis, TN 38106
  • /11

    $70,000

    • 2 Beds
    • 2 Baths
    • 1,395 Sq Ft

    2365 Dexter Ave, Memphis, TN 38108

    Check out this awesome value-add investment! This duplex features 1 bed and 1 bath on each side. 2365 is tenant occupied at $600/month and 2367 needs minimal work to be move-in ready. 2365 (right side) can be viewed once a contract is in place...do not disturb occupants. Schedule your viewing for 2367(left side) today and add this one to your portfolio. No seller financing, no wholesalers, no

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    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 883-7871

    2365 Dexter Ave, Memphis, TN 38108
  • /2

    $152,950

    • 2 Beds
    • 1 Bath
    • 990 Sq Ft

    3126 Crump Ave, Memphis, TN 38112

    Renovated rental property with an active lease in place. Currently leased at $____ with a lease expiration of ____. No creative finance offers.

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    Caleb Hall

    Keller Williams

    (901) 694-8973

    3126 Crump Ave, Memphis, TN 38112
  • /3

    $150,000

    • Land

    8607 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

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    Anna Thomas

    Keller Williams

    (901) 665-2185

    8607 Geiberger Dr, Memphis, TN 38016
  • /2

    $122,360

    • 2 Beds
    • 1 Bath
    • 876 Sq Ft

    3640 Dunn Ave, Memphis, TN 38111

    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) 554-4811

    3640 Dunn Ave, Memphis, TN 38111
  • /14

    $122,500

    • 3 Beds
    • 1 Bath
    • 1,372 Sq Ft

    385 Walker Ave, Memphis, TN 38126

    NEW ROOF, Electrical Panel, Wiring and plumbing ! New Flooring and Interior and Exterior Paint! Huge Windows and craftsman trip showcase this beautiful home located behind an Elementary School. Perfect Brrrr/ Flip Opportunity ! Addition unit boasts an oversize Utility/Laundry room. This is the perfect opportunity for contractor-savvy investors looking to step into an almost completed project.

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    Allison Brents

    BHHS McLemore & Co., Realty

    (901) 910-0186

    385 Walker Ave, Memphis, TN 38126
  • /24

    $145,000

    • 3 Beds
    • 1.5 Baths
    • 1,053 Sq Ft

    3580 Ramill Rd, Memphis, TN 38128

    Turnkey opportunity at 3580 Ramill Rd—ideal for both investors and owner-occupants. This well-maintained home features a functional layout, solid major systems, and minimal deferred maintenance, making for a low-hassle purchase. Investors will appreciate the strong rental potential and consistent demand in the area, while homebuyers will love the move-in ready condition and comfortable living

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    Blake Clothier

    Premier Realty Group, LLC

    (901) 657-2137

    3580 Ramill Rd, Memphis, TN 38128
  • /2

    $92,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    923 Joel 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 $750/mo. Professionally managed. Lease expires on 8/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 808-8522

    923 Joel Ave, Memphis, TN 38127
  • /2

    $102,750

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

    1030 Floyd Ave, Memphis, TN 38127

    Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $950/mo. Professionally managed. Lease expires on 1/30/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 669-4348

    1030 Floyd Ave, Memphis, TN 38127
  • /2

    $85,500

    • 3 Beds
    • 1 Bath
    • 1,400+ Sq Ft

    3643 Early St, Memphis, TN 38127

    Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 8/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 582-8529

    3643 Early St, Memphis, TN 38127
  • /2

    $24,900

    • Land
    • 1.64 Acres
    • $15,183 per Acre

    4087 Weaver Rd, Memphis, TN 38109

    Build your dream home on this beautiful 1.64-acre lot! The property offers plenty of space for your custom home, shop, or pool — with room to breathe and enjoy country living just minutes from town. Utilities available at the road and site is ready for construction. Bring your plans and make this your forever homesite!

    Agent Photo

    Paul Perry

    Crye-Leike of MS

    (901) 295-3633

    4087 Weaver Rd, Memphis, TN 38109
  • /2

    $101,080

    • 2 Beds
    • 1 Bath
    • 784 Sq Ft

    4233 Riviera Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-9952

    4233 Riviera Rd, Memphis, TN 38108

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