1,234

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

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  • /2

    $115,900

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    885 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 3/10/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-7130

    885 Restbrook Ave, Memphis, TN 38127
  • /16

    $114,901

    • 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.

    Agent Photo

    Pablo Pereyra

    901, REALTORS

    (901) 673-5200

    2877 Brewer Ave, Memphis, TN 38114
  • /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.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 676-8794

    842 Restbrook Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 763-6496

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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-2613

    598 Orchard Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 401-9034

    4620 Sunnybrook St, Memphis, TN 38127
  • /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

    Agent Photo

    Walter Jones

    BEST Real Estate Company

    (901) 883-6567

    279 W Person Ave, Memphis, TN 38109
  • /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 ?

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    Austin Hall

    Evernest Too, LLC

    (901) 673-2530

    2061 Pendleton St, Memphis, TN 38114
  • /17

    $75,000

    • 4 Beds
    • 1.5 Baths
    • 1,232 Sq Ft

    782 Frayser Dr, Memphis, TN 38127

    As of 10/14, this property is now vacant & ready to show. Being sold AS-IS. Cash or hard money only. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N Trezevant 38127. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor and make your

    Agent Photo

    Jordan Ray

    eXp Realty, LLC

    (901) 665-3736

    782 Frayser Dr, Memphis, TN 38127
  • /4

    $124,900

    • 3 Beds
    • 2 Baths
    • 1,066 Sq Ft

    804 Keel Ave, Memphis, TN 38107

    804 Keel Ave, Memphis, TN DUPLEX Turnkey duplex in Memphis priced at $124,900. This tenant-occupied property is currently renting for $1,175 per month for one side, 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.

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 295-4642

    804 Keel Ave, Memphis, TN 38107
  • /2

    $55,000

    • Land
    • 0.35 Acre
    • $157,143 per Acre

    3155 Copiah Cove, Memphis, TN 38119

    Cove lot, perfect for your new dream home. Neighborhood has clubhouse and swimming pool.

    Agent Photo

    William Mitchell

    Crye-Leike, Inc., REALTORS

    (901) 627-1964

    3155 Copiah Cove, Memphis, TN 38119
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7953

    3633 Early St, Memphis, TN 38127
  • /10

    $105,000

    • 2 Beds
    • 1 Bath
    • 1,080 Sq Ft

    761 Whitney Ave, Memphis, TN 38127

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 675-6150

    761 Whitney Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 657-2423

    2046 Portland Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Vashti Parson

    C21 Patterson & Assoc. Real Es

    (901) 673-8122

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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 446-3468

    3267 Millington Rd, Memphis, TN 38127
  • /8

    $105,000

    • 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.

    Agent Photo

    Stephen Mansour

    KAIZEN Realty, LLC

    (901) 673-2612

    344 Dixie Rd, Memphis, TN 38109
  • /2

    $100,000

    • 3 Beds
    • 1 Bath
    • 1,191 Sq Ft

    5090 Belfast Dr, Memphis, TN 38127

    TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,000/month and is month-to-month. 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, & 3651 N

    Agent Photo

    Jordan Ray

    eXp Realty, LLC

    (901) 660-9103

    5090 Belfast Dr, Memphis, TN 38127
  • /5

    $124,901

    • 3 Beds
    • 1 Bath
    • 1,100 Sq Ft

    706 Northaven Dr, Memphis, TN 38127

    Investor Special!!! No showings until accepted offer. Wonderful tenant occupied property that can be added to your rental portfolio! Currently rented at $1,150 with the lease ending in July. This charming 3-bedroom, 1-bathroom home was completely updated only a few years ago. With new tile in the kitchen and an updated bathroom, this property easily provides the ability to host and entertain.

    Agent Photo

    Dylan Johnson

    901, REALTORS

    (901) 627-1336

    706 Northaven Dr, Memphis, TN 38127
  • /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.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 665-3175

    518 Burlington Cir, Memphis, TN 38127
  • /12

    $120,750

    • 3 Beds
    • 1 Bath
    • 992 Sq Ft

    3530 Wilshire Rd, Memphis, TN 38111

    3530 Wilshire Ave, Memphis, TN $120,750 Great turnkey investment opportunity in Memphis! This well-maintained property is currently tenant-occupied and renting for $1,150 per month, providing immediate cash flow from day one. The home features a functional layout with solid bones, making it an attractive addition to any rental portfolio. Located in an established neighborhood with convenient

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 403-8494

    3530 Wilshire Rd, Memphis, TN 38111
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7626

    908 Restbrook Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Anna Thomas

    Keller Williams

    (901) 675-7130

    8599 Geiberger Dr, Memphis, TN 38016
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 657-1902

    1045 Carrolton Ave, Memphis, TN 38127
  • /2

    $125,000

    • Land
    • 1.19 Acres
    • $105,042 per Acre

    3545 Ridgeway Rd, Memphis, TN 38115

    Commercial lot for sale! Don't miss this rare opportunity to own a highly visible commercial lot in a growing area. Zoned commercial, this level, cleared lot offers excellent frontage and easy access to major roads ideal for mixed-use development. Utilities all around the property. Surrounded by established businesses and new development, this location offers high traffic counts and strong

    Agent Photo

    William Maben- Memphis Commercial Lots

    Epique Realty

    (901) 554-4147

    3545 Ridgeway Rd, Memphis, TN 38115
  • /37

    $60,000

    • 4 Beds
    • 3 Baths
    • 2,400+ Sq Ft

    1413 Court Ave, Memphis, TN 38104

    BACK ON THE MARKET AT NO FAULT OF THE SELLER! BUYER FAILED TO SUBMIT EARNEST MONEY! Excellent 4 Bed/3 Bath Flip Opportunity With An ARV of $380K In The Evergreen Historical District! The Property Is Vacant & Can Be Viewed Anytime. Seller Makes No Representations/Warranties. Seller Has Never Occupied The Home. Seller Acquired The Property By Foreclosure & Has No Knowledge Of The Property. Property

    Agent Photo

    Jordan Ray

    eXp Realty, LLC

    (901) 665-2242

    1413 Court Ave, Memphis, TN 38104
  • /22

    $50,000

    • 2 Beds
    • 1 Bath
    • 600+ Sq Ft

    613 Wicks Ave, Memphis, TN 38126

    This is a perfect investor property. Nice 2 bedroom brick home with 1 bath located close to downtown and on a bus line. First time home buyers welcome.

    Agent Photo

    Oliver Peyton

    The Peyton Co., Inc., REALTORS

    (901) 668-7003

    613 Wicks Ave, Memphis, TN 38126
  • /12

    $130,000

    • 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.

    Agent Photo

    Keino Spring

    Harris & Harris Realty Group

    (901) 582-6178

    4713 Aldridge Dr, Memphis, TN 38109
  • /12

    $13,997

    • Land
    • 0.34 Acre
    • $41,168 per Acre

    0 Dunnavant St Unit Memphis TN 38106, Memphis, TN 38106

    Owner Financing Available - This 0.34 acre lot is located in Memphis, Tennessee and the address is Dunnavant St, Memphis, TN 38106.Memphis, Tennessee, is a vibrant city on the Mississippi River, rich in history, culture, and Southern charm. Known as the birthplace of blues, soul, and rock 'n' roll, Memphis has been a major influence on American music and cultural heritage. With a

    Benjamin Davis LandDirectUSA.com

    0 Dunnavant St Unit Memphis TN 38106, Memphis, TN 38106
  • /24

    $27,997

    • Land
    • 0.72 Acre
    • $38,885 per Acre

    280 Bullington Ave Unit Memphis TN 38106, Memphis, TN 38106

    Owner Financing Available - This 0.72 acre lot is located in Memphis, Tennessee and the address is 280 Bullington Avenue, Memphis, TN 38106.Memphis, Tennessee, is a vibrant city on the Mississippi River, rich in history, culture, and Southern charm. Known as the birthplace of blues, soul, and rock 'n' roll, Memphis has been a major influence on American music and cultural heritage. With a

    Benjamin Davis LandDirectUSA.com

    280 Bullington Ave Unit Memphis TN 38106, Memphis, TN 38106
  • /41

    $34,900

    • Land
    • 5.34 Acres
    • $6,536 per Acre

    S Weaver Rd, Memphis, TN 38109

    Build your future on this R-6 zoned (Residential Single-Family) property near Memphis!With public water and sewer available, and electricity at the nearest street, this property is ready for development. No HOA or deed restrictions mean you have the freedom to design your ideal home or investment project. It’s also subdividable, offering excellent potential for growth.Enjoy the

    Luke Harris Country Land Sellers

    S Weaver Rd, Memphis, TN 38109
  • /2

    $5,000

    • Land
    • 0.34 Acre
    • $14,706 per Acre

    55 E Brooks Rd, Memphis, TN 38109

    Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. PLEASE contact listing agent for more information on this & other active lots

    Dawn Kinard Welch Realty, LLC

    55 E Brooks Rd, Memphis, TN 38109
  • /2

    $55,000

    • 3 Beds
    • 1 Bath
    • 977 Sq Ft

    784 Tampa Ave, Memphis, TN 38106

    Welcome to 784 Tampa Ave, Memphis, TN 38106, a cozy and affordable home located in the heart of South Memphis. This property offers a great opportunity for homeowners or investors looking for value and convenience. Property sold as-is

    Michael Nix eXp Realty, LLC

    784 Tampa Ave, Memphis, TN 38106
  • /11

    $125,000

    • 3 Beds
    • 2 Baths
    • 1,550 Sq Ft

    5885 Ramsey Rd, Memphis, TN 38127

    Country Living! Beautiful 5+ acres in secluded area of Shelby Forest. Spacious 3 bedroom, 2 bath home sitting off the road. Large living room. Master with private bath. Double vanities, tub and shower. Separate laundry. Metal roof approx 4 yrs. Deck for watching wildlife, sunsets and enjoying the outdoors. Workshop and boat house plus extra storage. Call for additional information.

    Nancy Carroll Crye-Leike, Inc., REALTORS

    5885 Ramsey Rd, Memphis, TN 38127
  • /4

    $118,000

    • 4 Beds
    • 1.5 Baths
    • 1,600+ Sq Ft

    2249 Stephanie Ave, Memphis, TN 38127

    Great investor property. Renovated with tenant. New Floors, New Paint, Updated Fixtures. Rent amount $1,346.00.

    Jeremy Moore C21 Patterson & Assoc. Real Es

    2249 Stephanie Ave, Memphis, TN 38127
  • /2

    $68,800

    • Land
    • 0.28 Acre
    • $245,714 per Acre

    2892 Clearwood Rd, Memphis, TN 38134

    Build your dream home here! Do not wait, make your offer today. OWNER FINANCING AVAILABLE

    Jonathan Nunez Fast Track Realty, LLC

    2892 Clearwood Rd, Memphis, TN 38134
  • /11

    $108,900

    • 2 Beds
    • 1 Bath
    • 894 Sq Ft

    3393 Carrington Rd, Memphis, TN 38111

    Investor friendly home! Fully remodeled with brand new roof, windows, bathroom, kitchen, and appliances. Currently occupied at $1,150/mo. Do not disturb tenant. Showing after accepted offer only. 1 year home warranty offered! Add this to your portfolio!

    Alden Dixon Grant & Co., REALTORS

    3393 Carrington Rd, Memphis, TN 38111
  • /14

    $115,000

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

    4431 Arnold Cove, Memphis, TN 38118

    Good cash flowing duplex gross rents $1385.00. Unit 4433 was remodeled early 2025, tenant pays $750- Unit 4431 has a good tenant of 25 years paying $635 . A great value add property with room to grow cash flow and expand your portfolio. No wholesalers or owner financed offers. Do not disturb tenants- inspections on accepted offers only.

    Brett Bernard The Stamps Real Estate Company

    4431 Arnold Cove, Memphis, TN 38118
  • /2

    $80,000

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

    948 Pearce St, Memphis, TN 38107

    Property tenant occupied. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

    Virgil Pryor Harris Realty Services

    948 Pearce St, Memphis, TN 38107
  • /2

    $5,000

    • Land
    • 0.11 Acre
    • $45,455 per Acre

    2119 Farrington St, Memphis, TN 38109

    Vacant land listing available! Seller is selling 3 total lots and would prefer to sell them in bulk (all three with a total price of $10,000). Will sell individually for $5000 per lot. Addresses are 2119 Farrington (Parcel ID is 05001500033), 0 Clyde (Parcel ID is 02105900016) and another one at 0 Clyde (Parcel ID---02105900015). Cash offers only. Buyer to confirm zoning and utility access.

    Tyler Tapley Crye-Leike, Inc., REALTORS

    2119 Farrington St, Memphis, TN 38109

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