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

• 

  

  /2

  $88,000

  $14K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  908 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 $725/mo. Professionally managed. Lease expires on 4/24/26

  

  Caleb Hall

  Keller Williams

  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

  

  Anna Thomas

  Keller Williams

  8599 Geiberger Dr, Memphis, TN 38016
• 

  

  /2

  $89,999

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  1045 Carrolton 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 4/4/26

  

  Caleb Hall

  Keller Williams

  1045 Carrolton Ave, Memphis, TN 38127
• 

  

  

  /25

  $89,000

  • 1 Bed
  • 1 Bath
  • 442 Sq Ft

  109 N Main St Unit 507, Memphis, TN 38103

  Welcome to the historic Claridge House! This lovely 5th-floor studio offers charm, convenience, and incredible amenities in one of downtown's most iconic buildings. The thoughtfully designed space features an adorable kitchen, vaulted ceilings, and a Murphy bed that maximizes both comfort and functionality. Enjoy access to an indoor pool, exercise room, and an unreal rooftop deck with

  

  Chasity Blackburn

  Blackburn & Co

  109 N Main St Unit 507, Memphis, TN 38103
• 

  

  

  /18

  $69,900

  • 2 Beds
  • 2 Baths
  • 1,140 Sq Ft

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122

  Welcome to market 3981 Grahamdale Circle in the Grahamwood community. This low-maintence 2-bedroom, 2-bath home offers 1140 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 and

  

  Raychel Day

  Renshaw Company, REALTORS

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122
• 

  

  /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
• 

  

  /30

  $30,000

  • 3 Beds
  • 1 Bath
  • 863 Sq Ft

  100 Silverage Ave, Memphis, TN 38109

  Great property for an investor or do it yourself owner. Property is in fair condition. This is a great opportunity to purchase. Property is being Sold-As-Is. Send offer to jo@theangelofrealestate.com. Office License: 263870 Agent License: 272839. Earnest money to be held at Titain Title 7500 Capital Dr.

  

  Jo Mathes

  Pinnacle Realty

  100 Silverage Ave, Memphis, TN 38109
• 

  

  /14

  $145,000

  $30K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,361 Sq Ft

  6738 Ross Ridge Dr, Memphis, TN 38141

  Charming 2 bedroom, 2 full bath, 1.5-story home that offers comfort, character, and convenience. It would make a perfect First Time Home, Great Rental Property, or a perfect fit for someone looking to downsize. Schedule your showing today!

  

  Tony Jackson

  Weichert REALTOR-SPM

  6738 Ross Ridge Dr, Memphis, TN 38141
• 

  /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

  $137,500

  • 3 Beds
  • 1.5 Baths
  • 1,127 Sq Ft

  5207 Breckenwood Dr, Memphis, TN 38127

  All brick charmer here! Fully remodeled home ready for its' new owner! Buy it for your family or purchase as a turn key rental property. Fully remodeled 3-bedroom, 2-bathroom home in Memphis move-in ready for a new owner or primed to cash flow as a rental at $1,400/mo. At $130,000, investors are looking at a gross yield above 12%. For buyers, the seller is offering a 1-0 rate buydown to lower

  

  Alissa Anderson

  KAIZEN Realty, LLC

  5207 Breckenwood Dr, Memphis, TN 38127
• 

  /2

  $102,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3176 Benjestown 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 $775/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  3176 Benjestown Rd, Memphis, TN 38127
• 

  /2

  $140,000

  • Land
  • 6,098 Sq Ft
  • $1,000,000 per Acre

  5045 Henry Heights Dr, Memphis, TN 38117

  Build your dream home on Lot 8 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.14 acre, you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something different? Bring your own

  

  Julie Upchurch

  McWaters & Associates

  5045 Henry Heights Dr, Memphis, TN 38117
• 

  

  /22

  $11,000

  $9K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $100,000 per Acre

  651 S Parkway E, Memphis, TN 38106

  Nice lot with a brick building on the corner of S Parkway E. and S. Orleans for sale or rent. Close to shopping, restaurants, and much more. Property can be viewed at any time. Owner/Agent Property. Utilities nearby. The neighbor has been maintaining the property and will be moving his wood fence back to his property line, then the brick building that is part of the property will be fully

  

  Ken Cannon

  Crye-Leike of MS, Inc.

  651 S Parkway E, Memphis, TN 38106
• 

  

  /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
• 

  

  /31

  $100,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,203 Sq Ft

  929 N Mcneil St, Memphis, TN 38107

  Beautiful 2BR/1BA home offers a great investment opportunity in the Vollintine-Evergreen area. Featuring approx. 1,203 sq. ft. of living space, this property includes a separate living room, central heating and cooling.The large backyard provides great space for relaxing, gardening, pets, or future projects. Conveniently located near Rhodes College, Crosstown Concourse, Overton Park, and popular

  

  Edwin Scruggs

  BHHS Taliesyn Realty

  929 N Mcneil St, Memphis, TN 38107
• 

  /2

  $78,000

  $22K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  931 Carrolton 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 $850/mo. Professionally managed. Lease expires on 5/14/27

  

  Caleb Hall

  Keller Williams

  931 Carrolton Ave, Memphis, TN 38127
• 

  

  /19

  $145,000

  • 2 Beds
  • 2 Baths
  • 1,055 Sq Ft

  4388 Forest Valley Dr, Memphis, TN 38141

  Welcome to 4388 Forest Valley Dr, a charming and well-maintained townhome nestled in a convenient Southeast Memphis location. This inviting home features a functional floor plan with comfortable living spaces designed for everyday living. Enjoy low-maintenance ownership while still having the space and feel of a traditional home. Whether you’re a first-time buyer, looking to downsize, or

  

  Blake Clothier

  Premier Realty Group, LLC

  4388 Forest Valley Dr, Memphis, TN 38141
• 

  

  /13

  $70,000

  $3K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 974 Sq Ft

  1561 Preston St, Memphis, TN 38106

  Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-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 $695 per mo. ***DO

  

  Tara Woodley

  Zach Taylor Real Estate

  1561 Preston St, Memphis, TN 38106
• 

  /2

  $125,020

  • 2 Beds
  • 1 Bath
  • 983 Sq Ft

  1231 Victor Dr, Memphis, TN 38122

  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

  1231 Victor Dr, Memphis, TN 38122
• 

  

  /8

  $79,900

  • 3 Beds
  • 2 Baths
  • 1,362 Sq Ft

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122

  Welcome to market 3989 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

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122
• 

  /2

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,412 Sq Ft

  345 S Parkway E, Memphis, TN 38106

  Charming 3-bedroom, 1-bath home offering approximately 1,412 square feet of living space. This property features a spacious living area, updated exterior with attractive black-and-white curb appeal, ample parking, and a large lot with mature trees. Conveniently located near Downtown Memphis, schools, parks, shopping, and major transportation routes. Whether you're a first-time homebuyer looking

  

  Leaser Coleman

  Empire Realty, LLC

  345 S Parkway E, Memphis, TN 38106
• 

  

  /13

  $128,000

  • 3 Beds
  • 2.5 Baths
  • 1,485 Sq Ft

  5573 Pleasant View Rd Unit 35, Memphis, TN 38134

  Perfect opportunity for a savvy buyer! Wonderfully located condo offered at a great price. This 3-bedroom, 2.5-bath home features a spacious and functional layout, including a breakfast bar, two separate den/living areas, and a cozy fireplace in the main living room. Enjoy outdoor living with a private, fenced patio, plus the convenience of covered parking for two vehicles. Additional highlights

  

  Kyle Couvion

  Reid, REALTORS

  5573 Pleasant View Rd Unit 35, Memphis, TN 38134
• 

  

  /15

  $149,977

  $98K PRICE DROP

  • Land
  • 2.96 Acres
  • $50,668 per Acre

  5259 Stage Rd, Memphis, TN 38134

  PRIME R-10 DEVELOPMENT OPPORTUNITY2.96 Acres | 5259 Stage Road$149,977 | 6-12 Home SitesTHE NUMBERS SPEAK FOR THEMSELVESLand cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes)In a market where Bartlett median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices?Quick ROI scenario (10

  

  Jason Miller

  eXp Realty

  5259 Stage Rd, Memphis, TN 38134
• 

  /2

  $114,380

  • 2 Beds
  • 1 Bath
  • 700 Sq Ft

  452 Lipford St, Memphis, TN 38112

  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

  452 Lipford St, Memphis, TN 38112
• 

  /2

  $110,000

  $17K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,600+ Sq Ft

  951 Joel 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 $850/mo. Professionally managed. Lease expires on 4/2/27

  

  Caleb Hall

  Keller Williams

  951 Joel Ave, Memphis, TN 38127
• 

  /2

  $148,960

  • 2 Beds
  • 1 Bath
  • 791 Sq Ft

  886 N Bingham St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,050 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  886 N Bingham St, Memphis, TN 38108
• 

  /2

  $92,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  991 Joel 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 $750/mo. Professionally managed. Lease expires on 4/2/27

  

  Caleb Hall

  Keller Williams

  991 Joel Ave, Memphis, TN 38127
• 

  /2

  $147,000

  $10K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  1711 Ronda St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $825 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1711 Ronda St, Memphis, TN 38108
• 

  /2

  $68,250

  $1K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  3021 Sunrise 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. Easy to show. Has been professionally managed.

  

  Caleb Hall

  Keller Williams

  3021 Sunrise St, Memphis, TN 38127
• 

  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 902 Sq Ft

  1946 Tant Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $$750 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1946 Tant Rd, Memphis, TN 38128
• 

  /2

  $78,000

  $28K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  894 Par 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 $750/mo. Professionally managed. Lease expires on 8/31/25

  

  Caleb Hall

  Keller Williams

  894 Par Ave, Memphis, TN 38127
• 

  /2

  $78,000

  $23K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  942 Frayser 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 $80/mo. Professionally managed. Lease expires on 4/1/27

  

  Caleb Hall

  Keller Williams

  942 Frayser Cir, Memphis, TN 38127
• 

  /2

  $150,290

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

  3275 Macon Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3275 Macon Rd, Memphis, TN 38122
• 

  

  /29

  $89,000

  $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,471 Sq Ft

  4787 Townhouse Way, Memphis, TN 38118

  *** Do Not Disturb Tenant*** Newly Renovated Condo located in East Memphis. Section 8 Tenant in place for $997, MHA Approved on 9/30/25. Property is 3 Bedrooms 2 baths, 1 Bedroom downstairs and 2 Upstairs. Property was Purchased in a Tax Sale, Seller has owned the property less than a Year (Buyer Must close with Saddle Creek Only) Title Insurance can possibly be Purchased with an Attached Risk

  

  Tara Woodley

  Zach Taylor Real Estate

  4787 Townhouse Way, Memphis, TN 38118
• 

  

  /3

  $35,000

  • Land
  • 26,136 Sq Ft
  • $58,333 per Acre

  1133 Saunders Ave, Memphis, TN 38127

  Looking for investor, business owners or home owners. Nice level lot. Will take all cash. Drive by and take a look.

  

  Jo Mathes

  Pinnacle Realty

  1133 Saunders Ave, Memphis, TN 38127
• 

  /2

  $76,000

  $37K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  908 Par 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 $700/mo. Professionally managed. Lease expires on 5/30/25

  

  Caleb Hall

  Keller Williams

  908 Par Ave, Memphis, TN 38127
• 

  /2

  $40,000

  • 4 Beds
  • 1 Bath
  • 1,090 Sq Ft

  2159 Marble Ave, Memphis, TN 38108

  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

  2159 Marble Ave, Memphis, TN 38108
• 

  /2

  $81,000

  $26K PRICE DROP

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

  835 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 $750/mo. Professionally managed. Lease expires on 4/1/27

  

  Caleb Hall

  Keller Williams

  835 Restbrook Ave, Memphis, TN 38127

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