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

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  /14

  $119,900

  • 3 Beds
  • 1 Bath
  • 1,006 Sq Ft

  5319 Braden Dr, Memphis, TN 38127

  INVESTORS ONLY!!! Lovely 3bed 1 bath home just rented out. This could be a great addition to your portfolio. Home was substantially repaired in 2023. Roof, A/C, and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT AN ACCEPTED

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5319 Braden Dr, Memphis, TN 38127
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  /21

  $100,000

  • 2 Beds
  • 1 Bath
  • 1,503 Sq Ft

  857 Maple Dr, Memphis, TN 38108

  Looking for a 2-bed home in Memphis with upside for a renovation, rental, or resale project? 857 Maple Drive offers 1,503 square feet, a single-family layout, and flexible living spaces in a central Memphis location. Built in 1936, this investor special has solid potential for buyers ready to bring vision, updates, and value-add improvements to a property with character. Opportunity knocks at 857

  Kenneth Woods eXp Realty, LLC

  857 Maple Dr, Memphis, TN 38108
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  /25

  $125,000

  • 2 Beds
  • 1.5 Baths
  • 1,334 Sq Ft

  6289 Kirby Downs Dr, Memphis, TN 38115

  Wonderful 2BR/1.5BA Attached Town Home~Huge Great Room w/Brick Fireplace & Ample Natural Light~Spacious Eat-In Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors~Laundry Closet and Half Bath Conveniently Located Off Kitchen~Upstairs You'll Find Two Large Bedrooms with Bathroom Between Them~Fenced-In Backyard~Seller is not interested in creative financing or seller

  Jennifer Carstensen Real Estate Agency

  6289 Kirby Downs Dr, Memphis, TN 38115
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  /7

  $60,000

  • 4 Beds
  • 1 Bath
  • 1,272 Sq Ft

  2984 Benjestown Rd, Memphis, TN 38127

  Four bedroom one bathroom home on quiet street that is being offered at a great price. Property being sold as-is, cash offers only. This home could be worth a lot of money once rehabbed. Super convenient location that is near stores, restaurants, and other amenities. Many homes in this area are being rehabbed and sold for more money. Could be a great primary residence or investment property. Home

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2984 Benjestown Rd, Memphis, TN 38127
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  /8

  $135,000

  • 4 Beds
  • 1 Bath
  • 1,092 Sq Ft

  3198 Millwood Rd, Memphis, TN 38109

  Beautifully renovated home. Brand New Floors and paint. This home has a huge backyard for gatherings and/or entertaining. Spacious home with lots of upgrades. May qualify for first time home buyers assistance.

  Rodney Porter Assured Real Estate Services

  3198 Millwood Rd, Memphis, TN 38109
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  /26

  $90,000

  • 1 Bed
  • 1 Bath
  • 100+ Sq Ft

  108 N Belvedere Blvd Unit 33, Memphis, TN 38104

  Four "Belvedere Gardens" Units for sale as a package deal for $360,000. Individual Prices available. Two 2-bedroom units and two 1-bedroom units available. Three furnished units are at 108 N Belvedere. THIS UNIT is $90,000 on its own. Fully furnished 1-BR & 1 Bath - First floor flat, including kitchen needs, bedding, linens and accessories. Central heat/air. refrigerator and range included. Gated

  Felix Bishop Crye-Leike, Inc., REALTORS

  108 N Belvedere Blvd Unit 33, Memphis, TN 38104
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  /11

  $110,000

  • 2 Beds
  • 1 Bath
  • 768 Sq Ft

  1420 National St, Memphis, TN 38122

  Renovated 2BR/1BA home updated approximately 3 years ago. Currently tenant occupied at $1,000/month on a month-to-month lease, offering immediate rental income with flexibility. These are the most recent pictures of the property. Interior condition may differ from photos. No showings without an accepted offer.

  Kendrick Garcia Fast Track Realty, LLC

  1420 National St, Memphis, TN 38122
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  /2

  $25,000

  • 3 Beds
  • 2 Baths
  • 1,107 Sq Ft

  1830 Kerr Ave, Memphis, TN 38114

  Apart of a 22 house package. Great opportunity for rental income. Reach out to agent for more information on package!

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  1830 Kerr Ave, Memphis, TN 38114
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  /2

  $33,999

  • 3 Beds
  • 1 Bath
  • 1,096 Sq Ft

  726 E Bodley Ave, Memphis, TN 38106

  Apart of a 22 house package. Great opportunity for rental income. Reach out to agent for more information on package!

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  726 E Bodley Ave, Memphis, TN 38106
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  /14

  $94,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3189 Morningside St, Memphis, TN 38127

  Newly remodeled home, with a spacious yard. Priced to sell!

  Claudia Routh TRG Real Estate Services, LLC

  3189 Morningside St, Memphis, TN 38127
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  /9

  $80,000

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  232 S Highland St Unit 806, Memphis, TN 38111

  Just Reduced- $80,000! Your Modern 1-Bedroom Condo. This move-in ready home offers a modern look, updated appliances and a renovated master bathroom. Beyond the unit, this condo offers a sparkling community pool, covered parking and 24-hour security. The location is a major plus too: you're minutes from the University of Memphis! Perfect for anyone wanting quick access to campus. You will also be

  Jennifer Chalmers Faith First Realty

  232 S Highland St Unit 806, Memphis, TN 38111
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  /2

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,299 Sq Ft

  1398 Leflore Place, Memphis, TN 38106

  This three-bedroom home is a strong investment opportunity offering reliable monthly rental income of $750. The property is tenant-occupied and already cash flowing, providing immediate returns for the new owner. With a practical layout and consistent rental history, this home is well positioned as a low-maintenance addition to any portfolio. Ideal for both first-time and seasoned investors, this

  Terrance Hill eXp Realty, LLC

  1398 Leflore Place, Memphis, TN 38106
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  /37

  $121,500

  • 1 Bed
  • 1 Bath
  • 676 Sq Ft

  109 N Main St Unit 710, Memphis, TN 38103

  Welcome to this true one-bedroom high-rise condo offering comfort, convenience, and an unbeatable downtown lifestyle. This thoughtfully designed residence features a fully renovated bathroom with a new modern vanity and an updated tile shower/tub combination. Recently replaced hardwood flooring runs throughout the unit, creating a clean, cohesive look. Enjoy secure, attached parking with direct

  Tracie Gaia BHHS McLemore & Co., Realty

  109 N Main St Unit 710, Memphis, TN 38103
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  /2

  $10,000

  • Land
  • 0.12 Acre
  • $83,333 per Acre

  749 Bullington Ave, Memphis, TN 38106

  Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio includes the following

  Austin Rowe Onward Real Estate

  749 Bullington Ave, Memphis, TN 38106
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  /2

  $130,000

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  1236 Darlow St, Memphis, TN 38122

  Charming 3 bed 1 bath home in 38122. Features a bright living area, functional kitchen, and spacious bedrooms. Large yard perfect for outdoor living. Conveniently located near shopping, dining, schools, and major roads. Great starter or investment property. Currently occupied on a month to month lease, do not disturb tenants. Offers must be submitted before any showings.

  Cesar Lara Fast Track Realty, LLC

  1236 Darlow St, Memphis, TN 38122
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  /2

  $5,000

  • Land
  • 0.37 Acre
  • $13,514 per Acre

  41 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

  41 E Brooks Rd, Memphis, TN 38109
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  /6

  $54,900

  • 2 Beds
  • 1 Bath
  • 943 Sq Ft

  90 E Trigg Ave, Memphis, TN 38106

  Vacant and easy to show! Located close to entertainment and commerce, this neighborhood is prime for growth. Owner occupants or investors welcome! Previously rented for $850/mo.

  Joshua Cooper Sowell, Realtors

  90 E Trigg Ave, Memphis, TN 38106
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  /4

  $35,000

  • Land
  • 1.02 Acres
  • $34,314 per Acre

  3429 Range Line Rd, Memphis, TN 38127

  Beautiful lot in the city limits. High traffic area with the possibility of changing to commercial use. Motivated Seller BRING ALL OFFERS!!!

  Timika Montes de Oca Adaro Realty, Inc.

  3429 Range Line Rd, Memphis, TN 38127
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  /34

  $104,900

  • 4 Beds
  • 2 Baths
  • 1,681 Sq Ft

  1947 Tulsa Ave, Memphis, TN 38127

  This 1,681 sq. ft. single-story residence in the Minor Terrace subdivision offers a versatile and spacious layout. The interior features four well-proportioned bedrooms and two full bathrooms, including a primary suite with a tile-floored bathroom and a 27x11 family rm. The heart of the home includes an updated kitchen and a separate den that provides flexible space for a home office, recreation,

  Tiffany Jones Trelora Realty

  1947 Tulsa Ave, Memphis, TN 38127
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  /11

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,296 Sq Ft

  3844 Ajanders Dr, Memphis, TN 38127

  **********Tenant occupied – please do not disturb tenant. No showings without an accepted offer. ************ Well-maintained 4-year-old home conveniently located near major employers including Nike and Amazon. This 4-bedroom, 2-bath home features an open-concept living area that flows seamlessly into the kitchen, complete with a center island ideal for meal prep and gathering. The home also

  Ben Strauch Skyline Realty

  3844 Ajanders Dr, Memphis, TN 38127
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  /40

  $65,000

  • 4 Beds
  • 2 Baths
  • 1,974 Sq Ft

  12 E Peebles Rd, Memphis, TN 38109

  Spacious 4- bedroom, 2 full bath home offering 1974 sq. ft. of living space on a 0.45 acre lot. Hardwood floors and stained concrete throughout with a functional floor plan and generous room sizes. Home needs a little TLC, making it a great opportunity for buyers looking to personalize and build equity or investors looking to build a portfolio. Sold as-is.

  Karla Fayne Keller Williams

  12 E Peebles Rd, Memphis, TN 38109
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  /3

  $10,000

  • Land
  • 0.08 Acre
  • $125,000 per Acre

  1329 Michigan St, Memphis, TN 38106

  Prime opportunity to build in an established South Memphis neighborhood! This vacant residential lot offers a great opportunity for builders, investors, or future homeowners looking to create something new. Conveniently located with easy access to major roadways, schools, and local amenities. Utilities available in the area (buyer to verify). Whether you're planning a primary residence or

  Donnie Morrow eXp Realty, LLC

  1329 Michigan St, Memphis, TN 38106
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  /8

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,285 Sq Ft

  2310 Theda Ave, Memphis, TN 38127

  ***PRICE CORRECTION*** Great addition to your investment portfolio. Three bedroom, one bath with an additional room that could potentially be used as a 4th bedroom. Large master suite with walk in closet. Large covered back patio. Covered parking in front. Substantially remodeled since 2023 including bathroom, kitchen cabinets and countertops, interior paint, doors, window latches and drain line.

  William Haynes Crye-Leike, Inc., REALTORS

  2310 Theda Ave, Memphis, TN 38127
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  /10

  $134,900

  • 3 Beds
  • 1 Bath
  • 1,056 Sq Ft

  2272 Hubbard Ave, Memphis, TN 38108

  Beautifully and Fully renovated!!! Nothing to do but move in or add to your investment portfolio! New roof. New kitchen. New baths. Fresh Paint inside & out. New windows. New HVAC system. New flooring throughout. New lighting. Schedule your appointment today!

  LaJuana Miller KAIZEN Realty, LLC

  2272 Hubbard Ave, Memphis, TN 38108
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  /25

  $139,900

  • 3 Beds
  • 1.5 Baths
  • 1,194 Sq Ft

  986 Lagrange Ave, Memphis, TN 38107

  Charming 3 bedroom low-maintenance brick home with fresh updates inside and out. The exterior and interior have been freshly painted in modern, neutral colors, creating a clean and inviting look. Inside, new luxury vinyl plank flooring runs through all main living spaces for style and durability, while the bedrooms feature plush new carpet and pad for comfort. The kitchen shines with new

  Camela Henke Enterprise, REALTORS

  986 Lagrange Ave, Memphis, TN 38107
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  /16

  $114,900

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  1593 E Holmes Rd, Memphis, TN 38116

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  1593 E Holmes Rd, Memphis, TN 38116
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  /24

  $149,900

  • 3 Beds
  • 1.5 Baths
  • 1,600 Sq Ft

  3570 Hallbrook St, Memphis, TN 38127

  ****NO WHOLESALERS!!*** Charming 3BR/1.5BA home on a large lot featuring original hardwood floors, an inviting living room, cozy den, eat-in kitchen, and laundry room. Updates include new countertops, flooring, and fresh paint. New carport slab poured; stove and dishwasher to be installed prior to closing. Great opportunity in a prime location—won’t last long! All offers must include proof of

  Tonji Cromwell eXp Realty, LLC

  3570 Hallbrook St, Memphis, TN 38127
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  /2

  $15,000

  • Land
  • 0.5 Acre
  • $30,000 per Acre

  3415 Outlet Rd, Memphis, TN 38109

  Builders / Investors get your building plans ready! Lot sold "AS IS - WHERE IS." Buyer to conduct due diligence. Please submit Pre-Approval / Proof of Funds with offer. NO WHOLESALE OFFER OR TRANSFER OF CONTRACT. Seller has one additional lot for sale. Seller has one additional lot for sale. 1219 Fiber Road, Memphis, TN 38109. See MLS# 10210080. **Forbid showing and negotiation with seller.**

  Wonda McGowan McGowan Homes & R/E Services

  3415 Outlet Rd, Memphis, TN 38109
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  /2

  $5,000

  • Land
  • 0.16 Acre
  • $31,250 per Acre

  268 E Olive Ave, Memphis, TN 38106

  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

  268 E Olive Ave, Memphis, TN 38106
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  /15

  $99,900

  • 4 Beds
  • 1.5 Baths
  • 1,251 Sq Ft

  2618 Durham Ave, Memphis, TN 38127

  Located in the established community of Frayser, this 4-bedroom, 1.5-bath home offers strong potential for investors or buyers looking to add value. Conveniently situated near major employers, including Nike and Amazon, this property is ideal for rental income or a strategic portfolio addition. The home features three bedrooms downstairs, providing a functional and flexible layout. Durable LVP

  Ben Strauch Skyline Realty

  2618 Durham Ave, Memphis, TN 38127
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  /15

  $114,900

  • 3 Beds
  • 1 Bath
  • 1,180 Sq Ft

  4597 Windward Dr, Memphis, TN 38109

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4597 Windward Dr, Memphis, TN 38109
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  /2

  $79,000

  • Land
  • 0.25 Acre
  • $316,000 per Acre

  920 N Front St, Memphis, TN 38107

  Great lot for future growth of downtown Memphis. Zoned I-L (EMP), perfect for industrial, storage, or flex space use. Excellent opportunity for investors looking to capitalize on the continued expansion and redevelopment of the downtown corridor. Prime location near downtown with strong potential for future appreciation.

  Evett Furr D. C. A. Realty, LLC

  920 N Front St, Memphis, TN 38107
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  /2

  $15,000

  • Land
  • 0.07 Acre
  • $214,286 per Acre

  481 E E H Crump Blvd, Memphis, TN 38126

  Commercial Mixed use vacant lot close to Downtown Memphis! Good location for a business located on a high traffic street with easy access to expressway. Minutes from downtown Memphis, LeMoyne-Owen College, Four Way Grill, Stax Museum and minutes from the Arkansas bridge. Call your favorite agent today!

  Verna Littleton Fast Track Realty, LLC

  481 E E H Crump Blvd, Memphis, TN 38126
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  /4

  $60,000

  • 2 Beds
  • 2 Baths
  • 1,092 Sq Ft

  3607 Orange Blossom Ct Unit 66, Memphis, TN 38118

  East Memphis condo perfect for investors or owner occupants! Property is currently tenant occupied at $950 month to month! Minutes from the Airport and Industrial/logistic facilities for employment! Please make all offers contingent upon inspection!

  Duane Kinnard Tri-Leake Realty

  3607 Orange Blossom Ct Unit 66, Memphis, TN 38118
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  /2

  $84,900

  • 4 Beds
  • 2 Baths
  • 1,425 Sq Ft

  698 E Mclemore Ave, Memphis, TN 38106

  Fantastic investment opportunity in the Shelby area. This 4br/2 bath Duplex is in the 38106 area. With a monthly rental amount of $370 & $615/month. MTM and other unit lease ends on 2/28/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  698 E Mclemore Ave, Memphis, TN 38106
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  /15

  $99,900

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

  994 N Perkins Rd, Memphis, TN 38122

  3 Bedroom all Brick home with New Roof in great Macon/Stratford area. Exterior in good shape ~~ interior needs TLC . Bonus room on back~~ Hardwood Floors. Deep Level Lot.

  Scott Housewirth Crye-Leike Inc., REALTORS

  994 N Perkins Rd, Memphis, TN 38122
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  /2

  $5,500

  • 3 Beds
  • 1 Bath
  • 910 Sq Ft

  2426 Hunter Ave, Memphis, TN 38108

  BURN OUT- Sold As-Is

  Sonja Hester Progressive Realty Services

  2426 Hunter Ave, Memphis, TN 38108
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  /13

  $20,000

  • 3 Beds
  • 1.5 Baths
  • 1,074 Sq Ft

  3076 Saint Croix Place Unit 92, Memphis, TN 38127

  Investor special! This 3 bed, 1.5 bath townhouse is being sold AS-IS and is perfect for those looking to renovate and add value. Some remodeling has already been started, giving you a head start on the transformation. Property needs work and is not move-in ready—ideal for cash buyers only. With the right vision and updates, this home has great potential. Don’t miss this opportunity to bring it

  LaKendrea Hall Epique Realty

  3076 Saint Croix Place Unit 92, Memphis, TN 38127
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  /9

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,324 Sq Ft

  2747 Merle St, Memphis, TN 38118

  **OCCUPIED PROPERTY**DO NOT DISTURB** Freshley rehabbed rental for sale. New roof, HVAC, Kitchen, Windows, Bath fixtures and more. This property is currently rented at $1,175.00. No showings without bound contract. EMD is $2500 due 2 days after contract is bound, to be held by Saddle Creek Title in Memphis, max of 7 days inspection. Pics are from just before the rehab was fully completed.

  Daniel Sturdivant Bluff City Management, LLC

  2747 Merle St, Memphis, TN 38118
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  /9

  $116,000

  • 3 Beds
  • 1 Bath
  • 1,036 Sq Ft

  603 Western Park Dr, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $845 per month and is on a lease from 5/1/2025 until 4/30/2026. A renewal has been sent to the tenant, but they have not signed it yet. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

  Alex Evans Reedy & Company, REALTORS

  603 Western Park Dr, Memphis, TN 38109

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