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

• 

  

  

  /31

  $65,000

  • 5 Beds
  • 2 Baths
  • 1,710 Sq Ft

  2967 Dalebrook St, Memphis, TN 38127

  Looking for a owner handyman are and investor. This 5 bedroom will make a great home for a growing family or section 8 property. Minimal work yo do. Don't miss this opportunity.

  

  Jo Mathes

  Pinnacle Realty

  2967 Dalebrook St, Memphis, TN 38127
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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
• 

  

  /2

  $69,900

  $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
• 

  

  

  /18

  $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
• 

  

  /2

  $90,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,325 Sq Ft

  3014 Spottswood Ave, Memphis, TN 38111

  Buyer Failed To Submit Earnest Money! 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
• 

  

  /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
• 

  

  /13

  $80,000

  $5K PRICE DROP

  • 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
• 

  /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
• 

  

  /11

  $67,000

  • 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
• 

  /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
• 

  

  /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
• 

  /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
• 

  /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
• 

  /2

  $50,000

  $1K PRICE DROP

  • 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
• 

  

  /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
• 

  /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
• 

  /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
• 

  /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
• 

  /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
• 

  /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
• 

  

  /33

  $150,000

  $30K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,515 Sq Ft

  1811 Wells Station Rd, Memphis, TN 38108

  WOW! NEW Beautiful Updates/Rehab(over 27K) & 100% Tenant Occupied($1850 Combined Rent w/Current Leases till 3/31/2027! Incredible "TurnKey" Memphis Corner Lot that Feels like a "Duplex"-Main Home 3Bedrm/1Bath) with Fabulous "Private" Guest Apt-Updated 1BR,1BA +Den & Kit! No Showings/Inspections till Agreed Contract in place. A lot of NEW here! Main Home: GRANITE Kit Countertops, Dbl-Stainless

  

  C. Lauren Jones

  Crye-Leike, Inc., REALTORS

  1811 Wells Station Rd, Memphis, TN 38108
• 

  

  /11

  $130,000

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

  194 E Biscayne Rd, Memphis, TN 38109

  VA/FHA Approved home! 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

  

  Alissa Anderson

  KAIZEN Realty, LLC

  194 E Biscayne Rd, Memphis, TN 38109
• 

  

  /26

  $52,000

  $6K 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 Assignments, No Seller Financing and No Creative Financing and No

  

  Tara Woodley

  Zach Taylor Real Estate

  2397 Shasta Ave, Memphis, TN 38108
• 

  /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
• 

  

  /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
• 

  /2

  $49,000

  $6K PRICE DROP

  • 2 Beds
  • 1 Bath

  2001 Belmar St, Memphis, TN 38106

  Great for investors. Roof is under 2 years of age. Property vacant so just go and show.

  

  Nicole Sykes

  The Home Partners Realty

  2001 Belmar St, Memphis, TN 38106
• 

  

  /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
• 

  

  /6

  $90,000

  $5K PRICE DROP

  • Land
  • 2,613 Sq Ft
  • $1,500,000 per Acre

  1394 Club Gardens Place, Memphis, TN 38104

  Recently developed Luxury Gated Townhome Community located in the heart of Midtown Memphis. Lots 1 and 2 are sold together listed at $90,000 each and selling for a total Sales Price of $180,000.00. Street Addresses are 1394 Club Gardens for LOT 1 and 1396 Club Gardens for LOT 2. Subdivision Restrictions require the homes on Lot 1 and Lot 2 to be constructed at the same time. See Plans attached in

  

  Skip Miller

  Morris Realty & Auction, LLC

  1394 Club Gardens Place, Memphis, TN 38104
• 

  

  /21

  $89,000

  $20K 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
• 

  

  /37

  $40,000

  $2K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,108 Sq Ft

  2157 Wabash Ave, Memphis, TN 38114

  AS IS Sale-Calling all Investors and Flippers! This 3-bedroom, 1.5-bath home is packed with potential and located on a quiet dead-end street, offering privacy and minimal traffic. Perfect for your next renovation project or buy-and-hold investment. This property needs work but has solid upside for the right buyer. Home features One Full Bath + 1 Half Bath, located on Quiet Dead End Street, Great

  

  Tara Woodley

  Zach Taylor Real Estate

  2157 Wabash Ave, Memphis, TN 38114
• 

  /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
• 

  

  /35

  $120,000

  • 2 Beds
  • 1 Bath
  • 1,454 Sq Ft

  3960 Pikes Peak Ave, Memphis, TN 38108

  Spacious 2-bedroom home offering exceptional storage and flexible living space! The oversized family room features a cozy fireplace and three large closets, providing endless possibilities for additional living, hobby, or workspace. Built-in lighted cabinetry and multiple walk-in closets throughout the home add abundant storage and organization. Enjoy relaxing on the welcoming front porch or the

  

  Sherry Harbur

  Harbur Realty

  3960 Pikes Peak Ave, Memphis, TN 38108
• 

  

  /10

  $99,901

  • 3 Beds
  • 1 Bath
  • 895 Sq Ft

  4215 Boyce Ave, Memphis, TN 38111

  Amazing opportunity under 100K. Why rent when you can own? 3 bedroom 1 bath home in then heart of 38111. Equal housing opportunity. Se habla espanol.

  

  Pablo Pereyra

  901, REALTORS

  4215 Boyce Ave, Memphis, TN 38111
• 

  

  /10

  $99,901

  • 3 Beds
  • 1.5 Baths
  • 1,139 Sq Ft

  3183 Benjestown Rd, Memphis, TN 38127

  Rare investment opportunity to buy under 100K. Currently rented through 2027. Recently updated and renovated. Property is being offered as a package of 3 properties, all under 100K each.

  

  Pablo Pereyra

  901, REALTORS

  3183 Benjestown Rd, Memphis, TN 38127
• 

  

  /3

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,901 Sq Ft

  3562 Fuller Rd, Memphis, TN 38118

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Nice 4/2 sits on two lots currently rented for $1150/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, 1373 Semmes unit 2 & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  3562 Fuller Rd, Memphis, TN 38118
• 

  /2

  $152,000

  $14K PRICE INCREASE

  • 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

  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.

  

  Caleb Hall

  Keller Williams

  1150 Biltmore St, Memphis, TN 38122
• 

  

  /6

  $105,000

  • 3 Beds
  • 1 Bath
  • 861 Sq Ft

  4620 Sunnybrook St, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  4620 Sunnybrook St, Memphis, TN 38127
• 

  

  /14

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,489 Sq Ft

  516 Jeanne Dr, Memphis, TN 38109

  Renovated in 2024, this income-producing property is a strong opportunity for investors seeking a turnkey, rent-ready asset with professional management already in place. The home offers a functional layout featuring a spacious living area, updated finishes, and well-sized bedrooms designed for comfortable living. Exterior highlights include a large backyard and ample parking, adding to long-term

  

  Amy Woods

  Crye-Leike, Inc., REALTORS

  516 Jeanne Dr, Memphis, TN 38109

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