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

• 

  

  /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
• 

  

  

  /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
• 

  

  /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
• 

  

  

  /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
• 

  /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
• 

  

  /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
• 

  /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
• 

  

  /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
• 

  

  /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
• 

  /2

  $116,000

  • 4 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  823 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 $1,100/mo. Professionally managed. Lease expires on 3/18/26.

  

  Caleb Hall

  Keller Williams

  (901) 621-8434

  823 Par Ave, Memphis, TN 38127
• 

  /2

  $125,000

  • 2 Beds
  • 1 Bath
  • 940 Sq Ft

  724 N Holmes St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 12/31/2026. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 657-6446

  724 N Holmes St, Memphis, TN 38122
• 

  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  3817 Chelsea Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 499-2962

  3817 Chelsea Ave, Memphis, TN 38108
• 

  /2

  $105,070

  • 2 Beds
  • 1 Bath
  • 772 Sq Ft

  3740 E Mallory Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-5925

  3740 E Mallory Ave, Memphis, TN 38111
• 

  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,079 Sq Ft

  3437 Vernon Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 621-5607

  3437 Vernon Ave, Memphis, TN 38122
• 

  /2

  $95,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  974 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 $825/mo. Professionally managed. Lease expires on 7/30/25

  

  Caleb Hall

  Keller Williams

  (901) 910-0283

  974 Joel Ave, Memphis, TN 38127
• 

  /2

  $146,300

  • 3 Beds
  • 1 Bath
  • 1,074 Sq Ft

  1771 Wells Station 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

  (901) 329-8645

  1771 Wells Station Rd, Memphis, TN 38108
• 

  

  /15

  $124,500

  • 3 Beds
  • 1 Bath
  • 1,155 Sq Ft

  5096 Belfast Dr, Memphis, TN 38127

  Great-looking rehab - perfect for a first-time buyer (ask about USDA financing) or a smart investment opportunity. The seller has completed major updates, including a brand-new dimensional roof, fresh interior and exterior paint, new A/C condenser and furnace A-coil, updated fans and light fixtures, plus a new stove, microwave, and hot water tank. Enjoy a separate laundry room and freshly

  

  Steve Boysen

  Crye-Leike, Inc., REALTORS

  (901) 563-4987

  5096 Belfast Dr, Memphis, TN 38127
• 

  

  /10

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,432 Sq Ft

  760 Garland St, Memphis, TN 38107

  Solid brick bungalow with genuine character that's increasingly hard to find at this price point. Natural stone columns anchor a covered front porch, and the oversized front deck adds functional outdoor living space rarely seen on comparable homes. Inside, the craftsmanship speaks for itself -- tall dark wood baseboards, bold crown molding, and original wood door casings frame every room with a

  

  Christy Cj Pace

  Pace Probity Asset Management

  (901) 657-1032

  760 Garland St, Memphis, TN 38107
• 

  /2

  $85,000

  • 3 Beds
  • 1 Bath
  • 928 Sq Ft

  3259 Mckell Dr, Memphis, TN 38127

  Charming home located on a quiet street in Memphis. This property offers comfortable living with a functional layout, generous yard space, and convenient access to major roads, shopping, and local amenities. A great opportunity for homeowners or investors alike. Tenant occupied at 850/month until 2/2/27

  

  Caleb Hall

  Keller Williams

  (901) 673-2679

  3259 Mckell Dr, Memphis, TN 38127
• 

  /2

  $113,000

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

  646 Semple 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 12/31/25.

  

  Caleb Hall

  Keller Williams

  (901) 617-7502

  646 Semple Ave, Memphis, TN 38127
• 

  /2

  $149,000

  • 3 Beds
  • 1 Bath
  • 1,031 Sq Ft

  3601 Mayfair Ave, Memphis, TN 38122

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

  

  Caleb Hall

  Keller Williams

  (901) 716-9084

  3601 Mayfair Ave, Memphis, TN 38122
• 

  /2

  $82,000

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

  921 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 $1,000/mo. Professionally managed. Lease expires on 12/12/26

  

  Caleb Hall

  Keller Williams

  (901) 660-9965

  921 Par Ave, Memphis, TN 38127
• 

  /2

  $144,970

  • 3 Beds
  • 1 Bath
  • 796 Sq Ft

  1456 Orr St, Memphis, TN 38108

  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

  (901) 668-8558

  1456 Orr St, Memphis, TN 38108
• 

  

  /13

  $63,500

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3113 Kingston 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. Tentant pays $800 and expires 10/31/26. Has been professionally managed.

  

  Caleb Hall

  Keller Williams

  (901) 657-2388

  3113 Kingston St, Memphis, TN 38127
• 

  /2

  $145,000

  • 3 Beds
  • 1 Bath
  • 921 Sq Ft

  1327 Victor Dr, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 660-3625

  1327 Victor Dr, Memphis, TN 38122
• 

  /2

  $135,000

  • 2 Beds
  • 1 Bath
  • 956 Sq Ft

  3084 Guernsey Ave, Memphis, TN 38112

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

  

  Caleb Hall

  Keller Williams

  (901) 403-7172

  3084 Guernsey Ave, Memphis, TN 38112
• 

  /2

  $86,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  994 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 6/30/25

  

  Caleb Hall

  Keller Williams

  (901) 673-8560

  994 Joel Ave, Memphis, TN 38127
• 

  /2

  $124,900

  • 3 Beds
  • 1.5 Baths
  • 1,339 Sq Ft

  2287 Pamela Dr, Memphis, TN 38127

  Being sold “as-is,” this charming 3-bedroom, 1.5-bath home is tucked away in a quiet court surrounded by other homes being beautifully updated—making it a great opportunity for homeowners and investors alike. Recently renovated, this home features fresh, modern finishes throughout, while still leaving room to make it your own. Don’t miss your chance to own this hidden gem in an up-and-coming

  

  Kyle Couvion

  Reid, REALTORS

  (901) 979-1659

  2287 Pamela Dr, Memphis, TN 38127
• 

  /2

  $95,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1013 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 3/30/26

  

  Caleb Hall

  Keller Williams

  (901) 459-3938

  1013 Par Ave, Memphis, TN 38127
• 

  

  /14

  $90,000

  • 2 Beds
  • 1 Bath
  • 1,200 Sq Ft

  318 Simpson Ave, Memphis, TN 38106

  Schedule your viewing for this renovated 2 bed, 1 bath home. It would make an awesome investment property or owner occupant new home. It features fresh paint throughout, an updated kitchen and bathroom, and luxury vinyl plank throughout. The electrical and plumbing have been updated with all new fixtures. It has new windows and blinds. Schedule your viewing today before this one is gone.

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 621-8960

  318 Simpson Ave, Memphis, TN 38106
• 

  /2

  $136,990

  • 2 Beds
  • 1 Bath
  • 961 Sq Ft

  3965 Canterbury Dr, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 669-3626

  3965 Canterbury Dr, Memphis, TN 38122
• 

  /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

  (901) 617-4853

  3912 Berkshire Ave, Memphis, TN 38108
• 

  

  /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

  (901) 673-8314

  599 Lester St, Memphis, TN 38112

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