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

• 

  

  

  /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
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  /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
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  /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
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  /2

  $5,000

  $7K PRICE DROP

  • Land
  • 14,810 Sq Ft
  • $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
• 

  

  /35

  $59,900

  $8K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 745 Sq Ft

  2997 Walnut Grove Rd Unit 3, Memphis, TN 38111

  Experience Gated Living in a quiet community for an unbelievably affordable price. Walnut Grove Co-op is Truly a little gem of a community hidden in East Memphis. Two bedrooms, 1 bath, with hardwood floors and renovated kitchen. This unit has 1 new high eff. HVAC system 2024 furnace and compressor. New gas hot water heater 2022, high efficiency storm windows throughout, new kitchen cabinets,

  Jeff Bennett Hobson, REALTORS

  2997 Walnut Grove Rd Unit 3, Memphis, TN 38111
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  /32

  $134,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,777 Sq Ft

  5360 Haleville Rd, Memphis, TN 38116

  Well-maintained single-story brick home in Eason Hills. This 3-bedroom, 2-bathroom residence features over 1,700 sq. ft. of living space, including a massive living room and functional dining area. Highlights include updated flooring and counters, a private primary suite, and a large, level, fenced-in backyard. Includes a 1-car carport and extra parking pad. Near Whitehaven schools and amenities.

  Alexis Martz Trelora Realty

  5360 Haleville Rd, Memphis, TN 38116
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  /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
• 

  

  /33

  $74,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 990 Sq Ft

  4177 University St, Memphis, TN 38127

  Welcome to this charming 1970s ranch featuring a timeless brick and vinyl exterior. The front of the home is highlighted by a series of large, arched windows that flood the interior with natural light. Inside, you will find original hardwood flooring throughout the main living areas and all three bedrooms. The floor plan features a seamless flow between the kitchen and dining areas, creating an

  Christopher Stjernholm Trelora Realty

  4177 University St, Memphis, TN 38127
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  /2

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,159 Sq Ft

  3872 Windermere Rd, Memphis, TN 38128

  Tenant occupied. Do no disturb. Currently rented for $1150 month until February 2027. Can be shown with accepted offer.

  Joshua Hisaw Keller Williams

  3872 Windermere Rd, Memphis, TN 38128
• 

  

  /8

  $115,000

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

  404 Stoneham Rd, Memphis, TN 38109

  This property is leased at $1,050 per month ($12,600 annually) through 02/28/2027, with a cash-on-cash return of 4.54% and a monthly cash flow of $129.35. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a stable Memphis rental market. This well-maintained home features a functional layout with comfortable living areas, durable finishes,

  James Wachob Foundation Property Management

  404 Stoneham Rd, Memphis, TN 38109
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  /2

  $5,000

  • Land
  • 2,178 Sq Ft
  • $100,000 per Acre

  1312 James St, Memphis, TN 38106

  Seller also selling 0 James (Parcel ID: 026028 00025) and 1318 James (Parcel ID: 026028 00021), can buy in bulk or individually. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1312 James St, Memphis, TN 38106
• 

  /2

  $150,000

  • 3 Beds
  • 1.5 Baths
  • 1,354 Sq Ft

  4577 Bogart St, Memphis, TN 38116

  Add a performing rental to your portfolio with this 3-bedroom, 1.5-bath home offering approximately 1,355 square feet of living space. Currently leased at $1,200 per month, this property provides immediate income from day one, making it an attractive option for both seasoned and first-time investors. The home features a functional floor plan, spacious living areas, and a large lot with room to

  Garth Ward eXp Realty, LLC

  4577 Bogart St, Memphis, TN 38116
• 

  /2

  $5,000

  • Land
  • 4,356 Sq Ft
  • $50,000 per Acre

  598 Williams Ave, Memphis, TN 38126

  Great opportunity to build on a vacant residential lot in Memphis. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements.

  Crystal Mitchell Renshaw Company, REALTORS

  598 Williams Ave, Memphis, TN 38126
• 

  

  /9

  $133,000

  • 3 Beds
  • 1 Bath
  • 1,399 Sq Ft

  895 Enfield Rd, Memphis, TN 38116

  Welcome home to this charming Whitehaven property featuring 2 bedrooms, 1 full bath, and a spacious 2-car garage. Conveniently located near shopping centers, restaurants, public transportation, and major roadways, this well-maintained home offers both comfort and accessibility. Pride of ownership shows throughout, making this property a great opportunity for homeowners or investors

  David Anthony KAIZEN Realty, LLC

  895 Enfield Rd, Memphis, TN 38116
• 

  

  /10

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,035 Sq Ft

  4499 Range Line Rd, Memphis, TN 38127

  ATTENTION INVESTORS! PRICE REDUCED! GREAT CASH FLOW OPPORTUNITY! Tenant-occupied 3BR/1BA home renting for $895/month with a stable long-term tenant and lease through May 2026. Renovated in 2022 with new floors, updated kitchen and bath, fresh paint, and much more! Water heater replaced in 2024; roof approx. 5 years old. Professionally managed, maintenance report and tenant ledger available upon

  Jeremy Veldman KAIZEN Realty, LLC

  4499 Range Line Rd, Memphis, TN 38127
• 

  

  /19

  $120,000

  • 2 Beds
  • 1 Bath
  • 810 Sq Ft

  585 E Parkway S Unit 23, Memphis, TN 38104

  Outstanding opportunity to get into the midtown market at unreal price! Quiet, hidden property on Harbert, off E Parkway. Rarely available topurchase. 2bd/1bath with patio and parking. Perfect for students at CBU, UM, UT. Walk to restaurants/entertainment. So much to love! Must see. HOA $200/month.

  Alex Turner Hobson, REALTORS

  585 E Parkway S Unit 23, Memphis, TN 38104
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  /4

  $12,500

  • Land
  • 20,908 Sq Ft
  • $26,042 per Acre

  3024 Sax Rd, Memphis, TN 38109

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  3024 Sax Rd, Memphis, TN 38109
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  /34

  $109,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,563 Sq Ft

  3837 Voltaire Ave, Memphis, TN 38128

  Welcome home to this charming 3-bedroom, 2-bathroom brick ranch in the established Nam Ni Estates of Raleigh. Spanning 1,554 sq. ft., this well-maintained residence features a traditional layout with a spacious den anchored by a cozy fireplace. The floor plan includes a formal living area and an eat-in kitchen, perfect for everyday living. Enjoy a large, level backyard situated on nearly a

  Tiffany Jones Trelora Realty

  3837 Voltaire Ave, Memphis, TN 38128
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  /5

  $14,995

  • Land
  • 10,890 Sq Ft
  • $59,980 per Acre

  0 Dublin Dr Unit LOTS 20 & 21 LAST TW, Memphis, TN 38114

  Buyers/investors build your personal home or brand-new rental property on this beautiful green lot! This is truly the promised land of opportunity and no other area compares to this exclusive subdivision in Magnolia. Last lot for sale in this subdivision! Private showings available.

  Mitanni Spruill The Spruill Agency, LLC

  0 Dublin Dr Unit LOTS 20 & 21 LAST TW, Memphis, TN 38114
• 

  

  /10

  $139,900

  • 3 Beds
  • 1 Bath
  • 1,078 Sq Ft

  4391 Shadowline Cove, Memphis, TN 38109

  Fully renovated 3-bedroom home located in a cove! Features include updated flooring, fresh paint, modern lighting, upgraded kitchen and bath, and a large kitchen with ample cabinet and counter space. Move-in ready with stylish finishes throughout. Qualifies for 100% financing.

  Victoria Brown 4 Success Realty, LLC

  4391 Shadowline Cove, Memphis, TN 38109
• 

  

  /37

  $24,300

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  5085 Clinton Rd, Memphis, TN 38109

  2 bed / 1 bath rental property with strong upside potential. Property is tenant-occupied on a month-to-month lease (currently paying $500/month) and would likely stay if the buyer chooses. Full rehab needed – ideal for experienced investors looking for their next project. Great opportunity to add value and maximize returns.

  Henry Pineda Fast Track Realty, LLC

  5085 Clinton Rd, Memphis, TN 38109
• 

  

  /5

  $35,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 864 Sq Ft

  736 Alaska St, Memphis, TN 38107

  **** GREAT INVESTMENT**** 3 BEDROOMS, 1 BATH, EAT IN KITCHEN & LIVING ROOM ****** CAUTION******* CAUTION****** ******ONE ROOM IS DAMADGED FROM FALLEN BRANCH****** **** "CASH SALE/ AS IS " **BUYER MUST REMOVE ALL ITEMS FROM HOUSE **** THE COMMUNITY IS BEING REVITALIZED. **** ***PLEASE DO ALL INSPECTIONS UP FRONT. BEFORE SENDING OFFERS. ***

  Mary Owens Crye-Leike, Inc., REALTORS

  736 Alaska St, Memphis, TN 38107
• 

  

  /17

  $124,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 854 Sq Ft

  3589 Faxon Ave, Memphis, TN 38122

  Turnkey & Totally Transformed — Move-In Ready Memphis gem! 3589 Faxon Ave | Memphis, TN | 2 Bed | 1 Bath Why buy old when you can have NEW? This beautifully renovated 2-bedroom, 1-bathroom home with a detached garage was taken down to the studs and brought back to life in 2021 — meaning all the big-ticket items have already been done for you! Step inside and feel the difference. Refinished

  Caleb Parr Renshaw Company, REALTORS

  3589 Faxon Ave, Memphis, TN 38122
• 

  

  /20

  $119,900

  • 4 Beds
  • 2 Baths
  • 1,553 Sq Ft

  3958 Bishops Bridge Rd, Memphis, TN 38118

  Charming and spacious 1.5-story traditional home in the established Oakhaven community. This 1,553 sq. ft. residence features 4 generously sized bedrooms and 2 full bathrooms, offering a versatile layout perfect for growing families. The main level includes a formal living room, a cozy den, and two bedrooms. Upstairs, find two additional bedrooms for added privacy. Enjoy original character with

  Tiffany Jones Trelora Realty

  3958 Bishops Bridge Rd, Memphis, TN 38118
• 

  /2

  $12,000

  • Land
  • 1,306 Sq Ft
  • $400,000 per Acre

  891 Keel Ave, Memphis, TN 38107

  Great opportunity to build on this residential lot located at 891 Keel Ave in Memphis, TN 38107. Whether you’re a builder, investor, or future homeowner, this property offers solid potential for new construction or your next investment project. Situated with convenient access to major roadways and surrounding Memphis areas, this lot provides a great chance to bring your vision to life. With

  Jonathan Nunez Fast Track Realty, LLC

  891 Keel Ave, Memphis, TN 38107
• 

  

  /8

  $119,000

  $31K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1318 Breedlove St, Memphis, TN 38107

  Sold with Land Parcels 040004 00001 an 040007 00007 Contact the Listing agent to view.

  Jackie Braden Braden, Braden & Braden LLC

  1318 Breedlove St, Memphis, TN 38107
• 

  /2

  $151,000

  • 3 Beds
  • 2 Baths
  • 1,719 Sq Ft

  2988 Clearbrook St, Memphis, TN 38118

  Occupied home for sale in Parkway Village! Long standing tenant that is professionally managed. Home rents for $1150 and a housing tenant. Tenant has been there over 10 years! Ideal for an investor looking for a cash flowing property in a desirable Memphis neighborhood! Call listing agent for details. Do not disturb tenants. Access upon accepted offer.

  Andrew Akins CB Properties of Memphis, LLC

  2988 Clearbrook St, Memphis, TN 38118
• 

  

  /3

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,562 Sq Ft

  3956 Argonne St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,280/month. The lease ends on 05/31/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3956 Argonne St, Memphis, TN 38127
• 

  

  /29

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,404 Sq Ft

  1136 Goodman St, Memphis, TN 38111

  Charming and well-located home in the heart of Memphis! This property offers a fantastic opportunity for homeowners or investors alike. Conveniently situated near shopping, dining, and major roadways, with easy access to the University of Memphis area. Spacious layout with great natural light and plenty of potential to make it your own. Don’t miss this opportunity to own in an established

  Alexis Martz Trelora Realty

  1136 Goodman St, Memphis, TN 38111

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