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

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  /16

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,683 Sq Ft

  2067 Wellons Ave, Memphis, TN 38127

  Spacious 3BR/2BA brick ranch in Georgian Hills. Features 1,683 sq. ft. of living space, a wood-burning fireplace, and hardwood floors. Includes a rare 2-car attached garage and a large, fenced 0.34-acre lot. Conveniently located near schools with no HOA fees.

  Thee Gaines Trelora Realty

  2067 Wellons Ave, Memphis, TN 38127
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  /5

  $118,000

  • 3 Beds
  • 2 Baths
  • 1,150 Sq Ft

  1855 Kansas St, Memphis, TN 38109

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Discover the charm of this beautifully updated 3-bedroom, 2-bath home offering a warm and inviting layout. The spacious eat-in kitchen creates the perfect space for everyday meals and gatherings, while the expansive backyard provides plenty of room for entertaining, gardening, play, or relaxing outdoors. Thoughtful updates throughout complement the home's

  Jeremy Veldman KAIZEN Realty, LLC

  1855 Kansas St, Memphis, TN 38109
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  /15

  $92,500

  $22K PRICE DROP

  • 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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  /17

  $75,799

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,041 Sq Ft

  432 W Peebles Rd, Memphis, TN 38109

  This is a move in ready gem! Come check out this spacious floor plan which is suitable for entertaining family and friends. The large open living room is inviting, while the bedrooms and bath are generous in size. There is plenty of storage space and the large yard is great for outdoor activities. The roof and furnace are 4 years old, and a new condenser will be placed at closing! Come check it

  Joshua Cooper Sowell, Realtors

  432 W Peebles Rd, Memphis, TN 38109
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  /22

  $119,900

  $10K PRICE DROP

  • 1 Bed
  • 1.5 Baths
  • 946 Sq Ft

  4400 Poplar Ave Unit 21, Memphis, TN 38117

  Welcome to the Marsonne! This property is in the heart of East Memphis. Close to shopping/restaurants, the interstate. This gated community has a community pool as well. No rentals allowed. Vacant, easy to show!

  Caleb Parr Renshaw Company, REALTORS

  4400 Poplar Ave Unit 21, Memphis, TN 38117
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  /6

  $69,900

  $9K PRICE DROP

  • Land
  • 10,890 Sq Ft
  • $279,600 per Acre

  920 N Front St, Memphis, TN 38107

  New Price Alert!!! 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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  /18

  $65,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,151 Sq Ft

  1373 Vicoscia Ave, Memphis, TN 38127

  Great Investment Home! This Beautiful brick home features 3 bedrooms, 1 full bath, with a Huge fenced in backyard.

  Marilyn Taylor Crye-Leike, Inc., REALTORS

  1373 Vicoscia Ave, Memphis, TN 38127
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  /2

  $15,000

  • Land
  • 4,791 Sq Ft
  • $136,364 per Acre

  2420 Hubbard Ave, Memphis, TN 38108

  Excellent building opportunity; lot in a prime location. Ideal for builders and ready for your new project to begin; Convenient street access; Previously bought in tax sale. buyer responsible for endorsement fee; existing utility access nearby.

  Sherrie Nolen D. C. A. Realty, LLC

  2420 Hubbard Ave, Memphis, TN 38108
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  /34

  $99,900

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

  177 Shofner Ave, Memphis, TN 38109

  Charming mid-century single-family home featuring 3 bedrooms, 2 bathrooms and a functional, comfortable layout. Highlights include an open living area, eat-in kitchen potential, and solid construction situated on a generous residential lot. Enjoy a spacious backyard ideal for outdoor activities, relaxation, or entertaining. Located in Southwest Memphis with quick, convenient access to I-55,

  Carl Purifoy Trelora Realty

  177 Shofner Ave, Memphis, TN 38109
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  /13

  $95,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 838 Sq Ft

  1871 Gooch Rd, Memphis, TN 38109

  Charming 4-bedroom, 1-bath home situated on a spacious 1.3-acre lot. This property offers a beautifully updated kitchen and bathroom, blending modern convenience with comfortable living. All flooring throughout the home is durable and stylish luxury vinyl plank, providing a cohesive look and easy maintenance. The home also features a handicap-accessible ramp for added ease and functionality. With

  Allyson Avera Crye-Leike, Inc., REALTORS

  1871 Gooch Rd, Memphis, TN 38109
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  /23

  $109,900

  • 3 Beds
  • 1.5 Baths
  • 1,144 Sq Ft

  4254 Sidney Rd, Memphis, TN 38116

  Welcome to 4254 Sidney Rd, Memphis, TN 38116! This inviting home offers a functional layout with comfortable living spaces designed for everyday living. The spacious yard provides plenty of room for outdoor activities, gardening, or future enhancements. Conveniently located near major roadways, shopping, dining, schools, and parks, this property offers easy access to daily essentials and

  Carl Purifoy Trelora Realty

  4254 Sidney Rd, Memphis, TN 38116
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  /3

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,781 Sq Ft

  2980 Huntington Trail Dr, Memphis, TN 38115

  Take advantage of this outstanding income-producing investment! This rental property is located in a high-demand area with easy access to retail, restaurants, employment centers, and everyday conveniences, making it an attractive option for tenants. A fantastic addition to any investment portfolio. Please note that assignment contracts and wholesale offers will not be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2980 Huntington Trail Dr, Memphis, TN 38115
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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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  /8

  $136,000

  • 3 Beds
  • 1 Bath
  • 1,034 Sq Ft

  3399 Beech Grove Rd, Memphis, TN 38118

  INVESTORS ONLY! Turnkey, tenant-occupied property generating $1,050/month with lease secured through 10/31/2026. Tenant has occupied the property since October 2024, with automatic lease renewal unless either party provides notice to terminate. Fully renovated in summer 2023, including new roof, HVAC, water heater, updated plumbing and electrical, and cosmetic upgrades. Professionally

  Jeremy Veldman KAIZEN Realty, LLC

  3399 Beech Grove Rd, Memphis, TN 38118
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  /24

  $84,900

  • 3 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  1092 Quailrun Ln, Memphis, TN 38109

  Mid-century brick ranch styling pairs with an intuitive, single-level blueprint in Westwood Hills. Spanning 1,160 square feet, the interior architecture focuses on functional separation, opening into a bright front living room that transitions cleanly into a dedicated rear den offering an excellent footprint for a media space or home office. The central eat-in kitchen features a dedicated dining

  Carl Purifoy Trelora Realty

  1092 Quailrun Ln, Memphis, TN 38109
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  /9

  $111,000

  $5K PRICE DROP

  • 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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  /25

  $149,900

  • 4 Beds
  • 2 Baths
  • 2,206 Sq Ft

  3381 Sunnyfield Cove, Memphis, TN 38118

  Single story brick duplex. Unit 3383 is vacant and has 2 bedrooms and one full bath. Unit 3381 is tenant occupied, leasing for 905.00 per month, leased till 02/04/2027, has 2 bedrooms and one full bath. Great investment property. There is parking for each unit on the side of the duplex - designated drive way.

  Tiffany Jones Trelora Realty

  3381 Sunnyfield Cove, Memphis, TN 38118
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  /2

  $85,000

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  1712 Corning Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $895 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 15 other rental houses available also.

  Harry Samuels Pinnacle Realty

  1712 Corning Ave, Memphis, TN 38127
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  /2

  $10,000

  • Land
  • 4,791 Sq Ft
  • $90,909 per Acre

  2521 Dexter Ave, Memphis, TN 38108

  Prime Vacant Lot Opportunity in Memphis! Don’t miss this excellent opportunity to own a spacious vacant lot located at 2521 Dexter Road in the heart of Memphis, TN. This property offers the perfect setting to build your dream home or investment property in an established residential area. Zoned for single-family use, the lot provides convenient access to nearby schools, parks, shopping, and major

  Maurice Savage Sr TRG Real Estate Services, LLC

  2521 Dexter Ave, Memphis, TN 38108
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  /13

  $107,000

  • 3 Beds
  • 1 Bath
  • 1,299 Sq Ft

  605 Leavert Ave, Memphis, TN 38127

  ATTENTION INVESTORS! This 3 bedroom, 1 bathroom brick home is currently rented for $950/month with a lease secured until 12/31/2026. Home was renovated in 2025 including new carpet, fresh paint, updated kitchen and bathroom, new window blinds, new plumbing and electrical fixtures, and much more! Another stable, income-producing property to add to your portfolio. Tenant ledger and maintenance

  Jeremy Veldman KAIZEN Realty, LLC

  605 Leavert Ave, Memphis, TN 38127
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  /9

  $65,000

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  761 Harahan Rd, Memphis, TN 38109

  Investment Opportunity! 3-bedroom, 1-bath home offering strong rental potential and immediate income opportunity. Tenant/owner-ready with a functional layout, low-maintenance appeal, and proven rental demand. A great addition to any investment portfolio or starter rental property.

  Terrance Hill eXp Realty, LLC

  761 Harahan Rd, Memphis, TN 38109
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  /2

  $75,000

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

  784 Looney Ave, 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

  784 Looney Ave, Memphis, TN 38107
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  /19

  $89,999

  $25K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  4037 Graham Oaks Ct Unit 30, Memphis, TN 38122

  Nice two-story, 3 bed 2.5 bath Condo. This property is perfect for a first time home buyer or someone looking to down size with less maintenance. Offering family room with fireplace that opens into a renovated kitchen with stainless steel appliances. Brand new vinyl flooring down stairs and carpeted bedrooms up. Primary bedroom has a newly renovated bathroom and private balcony. Come check it out!

  Tracy Jackson Ray Keller Williams

  4037 Graham Oaks Ct Unit 30, Memphis, TN 38122
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  /13

  $104,900

  $20K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,081 Sq Ft

  838 Crockett Place, Memphis, TN 38107

  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

  838 Crockett Place, Memphis, TN 38107
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  /2

  $30,000

  $5K PRICE DROP

  • Land
  • 5,662 Sq Ft
  • $230,769 per Acre

  1642 Netherwood Ave, Memphis, TN 38106

  Vacant lot in the Glenview neighborhood. Flat lot and ready to build on. Utilities service from rear of lot. R-6 (H) zoning. Two other lots in the neighborhood also listed.

  Rob Thompson Bluff City Realty Group, LLC

  1642 Netherwood Ave, Memphis, TN 38106
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  /2

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,418 Sq Ft

  3943 Point Church Rd, Memphis, TN 38127

  Do Not Disturb Tenant!!!!!! 4-bedroom 2 full bath home with section 8 long standing tenant paying $1600 a month. Home was fully renovated in 2024.Property is being sold as is where is. No showings until after offer has been accepted.

  Fred Sengstacke KAIZEN Realty, LLC

  3943 Point Church Rd, Memphis, TN 38127
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  /5

  $4,500

  • Land
  • 9,583 Sq Ft
  • $20,455 per Acre

  244 W Davant Ave, 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

  244 W Davant Ave, Memphis, TN 38109
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  /2

  $6,100

  $1K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $55,455 per Acre

  1115 Walk Place, Memphis, TN 38106

  Build small houses or big houses. Its doesn't matter along as you build. Drive by today and make him an offer. Thanks. Acres .11 * 1115 Walk Pl.; land has utilities, water and sewage access

  Christine Abston REMAX Experts

  1115 Walk Place, Memphis, TN 38106
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  /16

  $110,000

  • 2 Beds
  • 1 Bath
  • 1,241 Sq Ft

  3816 Allandale Ln, Memphis, TN 38111

  This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved

  Tracy Jefferson Crye-Leike, Inc., REALTORS

  3816 Allandale Ln, Memphis, TN 38111
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  /6

  $149,000

  $26K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,007 Sq Ft

  2506 Winnona Ave, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat 1% rule! Renovated 4-bedroom-1-bath home with Section 8 tenant. This property presents a great opportunity for investors looking to generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Whether you're expanding your rental portfolio or looking for a property with strong income

  Angelita Parham KAIZEN Realty, LLC

  2506 Winnona Ave, Memphis, TN 38108
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  /14

  $145,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,317 Sq Ft

  1664 Nelson Ave, Memphis, TN 38114

  Located in the vibrant Cooper-Young area, this charming 3-bedroom, 2-bath home sits on a corner lot directly across from a park, offering both character and convenience in one of Memphis’ most sought-after and growing communities. This home features a welcoming wrap-around porch, perfect for relaxing and enjoying the neighborhood atmosphere. Inside, you’ll find a living room, formal dining room,

  Ben Strauch Skyline Realty

  1664 Nelson Ave, Memphis, TN 38114
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  /7

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,218 Sq Ft

  1823 Cedarhurst Ave, Memphis, TN 38127

  Fantastic investment opportunity in the heart of Frayser! Built in 1939, this solid 3-bedroom, 1-bath single-family home offers 1,218 sq. ft. of comfortable living space situated on a nice 50x160 lot. Featuring a functional single-story layout with all 3 bedrooms on the main level, this property makes an excellent turnkey addition to any rental portfolio. Conveniently located with quick access to

  Curtis Bleeker KAIZEN Realty, LLC

  1823 Cedarhurst Ave, Memphis, TN 38127
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  /31

  $79,900

  $30K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,031 Sq Ft

  4089 Meadow Dr, Memphis, TN 38111

  Charming single-family home featuring 3 bedrooms and 1 bathroom with a functional layout. Enjoy a spacious backyard perfect for outdoor activities, entertaining, or future expansion. Great opportunity.

  Thee Gaines Trelora Realty

  4089 Meadow Dr, Memphis, TN 38111
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  /2

  $77,500

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 893 Sq Ft

  3706 Townes Ave, Memphis, TN 38122

  DRIVE BY ONLY DO NOT DISTURB TENANTS. Currently rented for $880 per month to a good paying tenant. Once you have driven by make your offerand after acceptance we will get you inside to inspect. Excellent income producing property or family home.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  3706 Townes Ave, Memphis, TN 38122
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  /39

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,402 Sq Ft

  3083 Cherry Rd, Memphis, TN 38118

  per seller roof about 3 years old, water heater is about 2 years old, 3 bedrooms + an extra room could be a 4th room, now is 1 bath (seller said used to have the half restroom.)

  Ngoc Quach Germantown Properties

  3083 Cherry Rd, Memphis, TN 38118
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  /32

  $84,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,246 Sq Ft

  2003 Burnham Ave, Memphis, TN 38127

  This charming 3-bedroom, 1-bathroom home offers approximately 1,200 square feet of comfortable living space in an established Memphis neighborhood. Featuring spacious living and dining areas, hardwood-style flooring, a functional kitchen with appliances, and washer/dryer connections, the home is designed for everyday convenience. Outdoor amenities include a covered carport, a covered patio ideal

  Thee Gaines Trelora Realty

  2003 Burnham Ave, Memphis, TN 38127
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  /10

  $99,000

  $51K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,066 Sq Ft

  1366 Austin St, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat the 1% rule! Updated 4-bedroom, 1-bath Selling AS-IS. Previously rented with a Section 8 tenant, this property presents a great opportunity for investors looking to place a new tenant and generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Recent updates add value and make it

  Angelita Parham KAIZEN Realty, LLC

  1366 Austin St, Memphis, TN 38108
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  /25

  $84,900

  • 3 Beds
  • 1 Bath
  • 1,282 Sq Ft

  4146 Overton Crossing St, Memphis, TN 38127

  This 3-bedroom, 1-bathroom mid-century brick ranch in Memphis offers 1,282 square feet of single-story living. Designed with function in mind, the single-level slab floor plan features six distinct rooms, beginning with a spacious and inviting front living area. The heart of the home flows into a dedicated kitchen and dining space, perfect for daily meals and gathering. All three bedrooms are

  Carl Purifoy Trelora Realty

  4146 Overton Crossing St, Memphis, TN 38127
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  /2

  $80,000

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 718 Sq Ft

  346 Modder Ave, Memphis, TN 38109

  Investor Special! Excellent investment opportunity in Memphis, TN featuring six single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy,

  Bridget Jordan Epique Realty

  346 Modder Ave, Memphis, TN 38109
• 

  

  /22

  $149,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 912 Sq Ft

  3529 Marion Ave, Memphis, TN 38111

  Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort, convenience, and versatility in a prime location near the college - University of Memphis. In addition to the two spacious bedrooms, the home features a flex room that can easily serve as a 3rd bedroom, home office, study space, or bonus room, making it ideal for a variety of lifestyles. Tasteful updates

  Mary Williams Coldwell Banker Collins-Maury

  3529 Marion Ave, Memphis, TN 38111

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