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

  

  Amy Woods

  Crye-Leike, Inc., REALTORS

  (901) 883-6119

  1487 Swift St, Memphis, TN 38109
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• 

  

  /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.

  

  Caleb Hall

  Keller Williams

  (901) 589-5113

  3734 Townes Ave, Memphis, TN 38122
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  /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

  

  Austin Hall

  Evernest Too, LLC

  (901) 446-1177

  1472 E Holmes Rd, Memphis, TN 38116
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  /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.

  

  Edwin Scruggs

  BHHS Taliesyn Realty

  (901) 668-5600

  66 Monroe Ave Unit 405, Memphis, TN 38103
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  /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.

  

  Scott Carrier

  Keller Williams

  (901) 665-4047

  635 Patterson St Unit 4, Memphis, TN 38111
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 673-9047

  3561 Orchi Rd, Memphis, TN 38108
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  /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!

  

  Jordan Ray

  eXp Realty, LLC

  (901) 668-8973

  2139 Lyon Ave, Memphis, TN 38108
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 698-3192

  2381 Hillside Ave, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 657-6097

  3954 Berkshire Ave, Memphis, TN 38108
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  /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.

  

  John Stamps

  The Stamps Real Estate Company

  (901) 657-4389

  9385 Greybear Cove, Unincorporated, TN 38018
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  /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

  

  Oliver Peyton

  The Peyton Co., Inc., REALTORS

  (901) 546-3999

  1975 Cloverdale Dr, Memphis, TN 38114
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 669-4577

  4117 Grey Rd, Memphis, TN 38108
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  /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!

  

  Tammy Taylor

  KAIZEN Realty, LLC

  (901) 660-5421

  1060 Forrest Ave, Memphis, TN 38105
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 902-5053

  828 Floyd Ave, Memphis, TN 38127
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  /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!

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 445-8464

  916 Carrolton Ave, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 422-8510

  3504 Buchanan Ave, Memphis, TN 38122
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  /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.

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6784

  2452 Saratoga Ave, Memphis, TN 38114
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  /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

  

  Caleb Hall

  Keller Williams

  (901) 675-6680

  607 Burlington Cir, Memphis, TN 38127
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 445-7533

  3348 Lamphier Ave, Memphis, TN 38122
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  /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.

  

  Pablo Pereyra

  901, REALTORS

  (901) 716-9604

  2877 Brewer Ave, Memphis, TN 38114
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 673-3019

  3818 Grey Rd, Memphis, TN 38108
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  /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

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 460-3137

  1050 Cummings St, Memphis, TN 38106
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 716-9291

  3620 S Lloyd Cir, Memphis, TN 38108
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  /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!

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 675-5689

  3284 Parham St, Memphis, TN 38127
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  /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.

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 472-3871

  267 W Mckellar Ave, Memphis, TN 38109
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  /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,

  

  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.

  

  Caleb Hall

  Keller Williams

  (901) 665-2674

  603 Burlington Cir, Memphis, TN 38127
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  /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.

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 479-0734

  1388 Preston St, Memphis, TN 38106
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  /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!

  

  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

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 883-7871

  2365 Dexter Ave, Memphis, TN 38108
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 694-8973

  3126 Crump Ave, Memphis, TN 38112
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  /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

  

  Anna Thomas

  Keller Williams

  (901) 665-2185

  8607 Geiberger Dr, Memphis, TN 38016
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  /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.

  

  Caleb Hall

  Keller Williams

  (901) 554-4811

  3640 Dunn Ave, Memphis, TN 38111
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  /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.

  

  Allison Brents

  BHHS McLemore & Co., Realty

  (901) 910-0186

  385 Walker Ave, Memphis, TN 38126
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  /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

  

  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

  

  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

  

  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

  

  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!

  

  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.

  

  Caleb Hall

  Keller Williams

  (901) 660-9952

  4233 Riviera Rd, Memphis, TN 38108

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