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

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  /2

  $151,620

  • 3 Beds
  • 1.5 Baths
  • 960 Sq Ft

  3912 Berkshire Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3912 Berkshire Ave, Memphis, TN 38108
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  /15

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,402 Sq Ft

  599 Lester St, Memphis, TN 38112

  FIXER UPPER – COMMERCIAL ZONING in 38112! 3BR/1BA home with strong investment potential. Property is being sold with an additional .137-acre adjacent parcel—totaling approx. .274 acres—offering great opportunity for investors or builders to redevelop, expand, or create their own vision. Property sold AS-IS.

  

  Katrina Smith

  Keller Williams

  599 Lester St, Memphis, TN 38112
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  /15

  $150,000

  • 4 Beds
  • 2 Baths
  • 1,392 Sq Ft

  2283 Cassie Ave, Memphis, TN 38127

  Turnkey investment opportunity in Memphis with a tenant already in place paying $1,575 per month. Seller is offering a rate buydown for qualified DSCR buyers, creating an attractive financing opportunity. Additionally, a 1-year home warranty is included. Tenant is responsible for all utilities and landscaping, helping simplify ownership and property management. The home was completely renovated

  

  Alissa Anderson

  KAIZEN Realty, LLC

  2283 Cassie Ave, Memphis, TN 38127
• 

  

  /2

  $79,000

  $37K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  885 Restbrook 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 $800/mo. Professionally managed. Lease expires on 3/10/26

  

  Caleb Hall

  Keller Williams

  885 Restbrook Ave, Memphis, TN 38127
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  /13

  $77,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 728 Sq Ft

  1458 Stevenson St, Memphis, TN 38106

  This 2 bed single family home in Memphis offers a move in ready layout on a generous corner lot, answering the common buyer question about finding an affordable home with space to enjoy outdoors. This 728 sqft single family home built in 1948 and set on a 6,464 sqft lot that provides a big backyard and room to relax or create outdoor space that fits your lifestyle. Inside, hardwood flooring runs

  

  Christopher Lucas

  eXp Realty, LLC

  1458 Stevenson St, Memphis, TN 38106
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  /5

  $100,000

  • Land
  • 5 Acres
  • $20,000 per Acre

  987 S Weaver Rd, Memphis, TN 38109

  5 lots for a total of 5+ acres 987 Weaver Rd, 0 Little Weaver LN, 0 Mitchell Rd, 0 Little Weaver Rd, 927 Little Weaver LN

  

  Jason Miller

  eXp Realty

  987 S Weaver Rd, Memphis, TN 38109
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  /2

  $70,000

  $1K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  842 Restbrook 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 $800/mo. Professionally managed. Lease expires on 11/30/25.

  

  Caleb Hall

  Keller Williams

  842 Restbrook Ave, Memphis, TN 38127
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  /2

  $100,000

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3553 Randolph 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 $850/mo. Professionally managed. Lease expires on 12/31/25

  

  Caleb Hall

  Keller Williams

  3553 Randolph St, Memphis, TN 38127
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  /2

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,334 Sq Ft

  1165 Rayner St, Memphis, TN 38106

  

  Leaser Coleman

  Empire Realty, LLC

  1165 Rayner St, Memphis, TN 38106
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  /2

  $75,000

  $1K PRICE DROP

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

  598 Orchard 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. Now vacant as of 1/31/26. Professionally managed.

  

  Caleb Hall

  Keller Williams

  598 Orchard Ave, Memphis, TN 38127
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  /18

  $79,900

  • 3 Beds
  • 2 Baths
  • 1,344 Sq Ft

  3967 Grahamdale Cir Unit 3967B, Memphis, TN 38122

  Welcome to market 3967 Grahamdale Circle in the Grahamwood community. This low-maintence 3-bedroom, 2-bath home offers 1344 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar kitchen,

  

  Raychel Day

  Renshaw Company, REALTORS

  3967 Grahamdale Cir Unit 3967B, Memphis, TN 38122
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  /2

  $90,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,325 Sq Ft

  3014 Spottswood Ave, Memphis, TN 38111

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $995/month, lease ends 6/2/2027. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Contact a local realtor and make your offer today!

  

  Jordan Ray

  eXp Realty, LLC

  3014 Spottswood Ave, Memphis, TN 38111
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  /11

  $78,000

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 808 Sq Ft

  572 Burlington Cir, Memphis, TN 38127

  Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 2-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income. Property is occupied by a tenant at $725 per mo. ***DO

  

  Tara Woodley

  Zach Taylor Real Estate

  572 Burlington Cir, Memphis, TN 38127
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  /13

  $85,000

  • 3 Beds
  • 2 Baths
  • 1,600 Sq Ft

  3240 N Watkins St, Memphis, TN 38127

  Great opportunity! This property is currently zoned for commercial use and is ready to operate, but it can be converted to residential use by making interior modifications to meet residential code requirements. This property already features many important updates, including a new roof, HVAC system, water heater, fresh interior and exterior paint, an updated electrical system with new interior

  

  Africa McCloy

  Crye-Leike, Inc., REALTORS

  3240 N Watkins St, Memphis, TN 38127
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  /2

  $33,000

  • 3 Beds
  • 1 Bath
  • 1,012 Sq Ft

  1493 South Ave, Memphis, TN 38106

  Unlock the potential of 1493 South Ave! Whether you're an investor expanding your portfolio or a buyer looking for a property to customize, this home offers endless possibilities. Property is being sold strictly as-is. Seller to make no repairs or warranties regarding the condition of the property.

  

  Leaser Coleman

  Empire Realty, LLC

  1493 South Ave, Memphis, TN 38106
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  /2

  $78,000

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  1373 Semmes St Unit 2, Memphis, TN 38114

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Nice2/1 brick unit 2 is for sale only. currently rented for $800/months. House is in great condition. Showings only with an accepted offer. Tenant is month to month. No wholesalers, no assignments, no creative financing or subject to offers please. Seller also selling 1023 Springdale, 3562 Fuller, & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  1373 Semmes St Unit 2, Memphis, TN 38114
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  /16

  $133,000

  • 3 Beds
  • 1.5 Baths
  • 1,072 Sq Ft

  3048 Watson St, Memphis, TN 38118

  Adorable home is waiting for you to be its new owner! This 3 bed/1.5 bath home offers separate living and dining space, large fenced in yard with newer shed, 1 year old roof, covered back patio, and so much more!

  

  Carrie Stewart

  Regency Realty, LLC

  3048 Watson St, Memphis, TN 38118
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  /2

  $104,000

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3633 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 $725/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  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

  3323 Farmville Rd, Memphis, TN 38122
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  /36

  $110,000

  • 1 Bed
  • 1 Bath
  • 433 Sq Ft

  109 N Main St Unit 1202, Memphis, TN 38103

  Welcome to downtown Memphis living at its finest in Claridge House! This spacious studio condominium offers a surprisingly open and comfortable floor plan featuring a separate kitchen, full-size bath, walk-in closet, and charming exposed brick accent wall that adds character and warmth. Enjoy river views from your unit and experience the convenience of low-maintenance condo living in the heart of

  

  Sherry Harbur

  Harbur Realty

  109 N Main St Unit 1202, Memphis, TN 38103
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  /9

  $100,000

  • 3 Beds
  • 1 Bath
  • 1,024 Sq Ft

  3421 Piney Woods Ave, Memphis, TN 38118

  3 bedroom 1 bath home in East Whitehaven Park being sold as-is. 10 min from the Memphis internation Airport and FedEx. 15 min from Graceland. Solid bones, needs TLC.

  

  Jason Miller

  eXp Realty, LLC

  3421 Piney Woods Ave, Memphis, TN 38118
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  /2

  $88,500

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 792 Sq Ft

  831 Alice Ave, Memphis, TN 38106

  Awesome investment property! Tenant occupied at $1175/month until July 31, 2026. Professionally managed by RJ Property Management. Lease and ledger are available upon request. Seller has another property for sale and will sell individually or as a package. The other address is 663 Lucy Ave. Both properties occupied. Do not disturb tenants. No viewings until accepted offer in place. NO seller

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  831 Alice Ave, Memphis, TN 38106
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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

  1710 Mcnair St, Memphis, TN 38108
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  /2

  $51,000

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

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118

  Back on the Market! Motivated seller! Bring all offers! This nice 2-bedroom, 2-bathroom condo offers a spacious and functional layout. The unit features an open living room and dining room area, kitchen, in-unit laundry, and ample natural light throughout. Both bedrooms are generously sized.

  

  Vashti Parson

  C21 Patterson & Assoc. Real Es

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

  $89,000

  $20K PRICE DROP

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

  3267 Millington Rd, 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 $700/mo. Professionally managed. Lease expires on 9/20/25

  

  Caleb Hall

  Keller Williams

  3267 Millington Rd, Memphis, TN 38127
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  /14

  $130,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  3736 W Donna Dr, Memphis, TN 37127

  Welcome home to this charming four bedroom two bath home with a unique floor plan and huge fenced in back yard for entertaining. Primary bedroom with a private bath, one bath in hallway. Home has been renovated and has a section 8 tenant. Income producing!!

  

  Leaser Coleman

  Empire Realty, LLC

  3736 W Donna Dr, Memphis, TN 37127
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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

  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

  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

  1755 Atlas St, Memphis, TN 38108
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  /2

  $6,000

  $2K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $35,294 per Acre

  268 W Mckellar Ave, Memphis, TN 38109

  

  Tonya McDowell

  The Stamps Real Estate Company

  268 W Mckellar Ave, Memphis, TN 38109
• 

  /2

  $144,000

  • 2 Beds
  • 1 Bath
  • 1,244 Sq Ft

  3358 Coleman Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $800 a month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3358 Coleman Ave, Memphis, TN 38122
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  /2

  $129,000

  $24K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 696 Sq Ft

  1799 Walter St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $850 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  1799 Walter St, Memphis, TN 38108
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  /11

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,165 Sq Ft

  194 E Biscayne Rd, Memphis, TN 38109

  Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential

  

  Alissa Anderson

  KAIZEN Realty, LLC

  194 E Biscayne Rd, Memphis, TN 38109
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  /26

  $54,900

  $3K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 962 Sq Ft

  2397 Shasta Ave, Memphis, TN 38108

  This property is being SOLD AS IS. Great Property with Good Bones and Perfect for Invest Property is rented for or, Cash Flowing; $850 per month. Property was built as a Duplex and could be converted at some point. Property is rented. ***DO NOT DISTURB TENANT*** A Soft rehab was done when the Seller Purchased it. No Wholesalers, No Seller Financing and No Creative Financing. *** CASH Offers Only,

  

  Tara Woodley

  Zach Taylor Real Estate

  2397 Shasta Ave, Memphis, TN 38108
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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

  1009 Hudson St, Memphis, TN 38112
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  /12

  $100,000

  • 4 Beds
  • 1.5 Baths
  • 1,138 Sq Ft

  1001 Canary Ln, Memphis, TN 38109

  Forget the "fixer-upper" nightmares—this is a Fresh Start. Once a disaster zone, this property has been stripped of the junk and prepped for a total transformation. We’ve cleared the canvas so you can paint the profit. The Heavy Lifting is Done: New Roof & Eaves: Recently replaced to seal the envelope and protect your investment. Clean Slate: All broken appliances, rotted cabinets, and old

  

  Jason Miller

  eXp Realty, LLC

  1001 Canary Ln, Memphis, TN 38109
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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

  1307 W Raines Rd, Memphis, TN 38109
• 

  

  /25

  $134,999

  $4K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,088 Sq Ft

  5720 Quince Rd Unit 4, Memphis, TN 38119

  Step into this bright and inviting 2-bedroom, 1.5-bath condo in Yorkshire Gardens and feel right at home. Thoughtfully updated and tastefully decorated, this East Memphis home blends modern comfort with effortless living. You'll love the cozy stained concrete floors downstairs and engineered plank upstairs — completely carpet-free. Both bedrooms upstairs w/ refreshed bath new fixtures/vanity. The

  

  Todd Adams

  Keller Williams

  5720 Quince Rd Unit 4, Memphis, TN 38119
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  /21

  $93,500

  $16K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 808 Sq Ft

  2415 W End Row Unit A5, Cordova, TN 38016

  Tucked into the wooded charm of Countrywood, Loft style living offers the perfect blend of comfort and convenience! Enjoy a cute private patio—ideal for morning coffee or winding down in the evenings—surrounded by a peaceful, tree-lined setting. Inside, you’ll find fresh paint throughout, along with updated railing and a new security door that add both style and peace of mind. Stackable W/D

  

  Chasity Blackburn

  Blackburn & Co

  2415 W End Row Unit A5, Cordova, TN 38016
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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

  1669 Villa Rd, Memphis, TN 38108

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