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

• 

  

  

  /5

  $120,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 980 Sq Ft

  2952 Yale Ave, Memphis, TN 38112

  Updated 2 bedrooms/1 bath in the revitalized Binghampton community. Long term tenant, no showings until an acceptable offer is received. New roofing, energy efficient windows, new paint/vinyl siding, updated bathroom!!! Light gray siding exterior with dark gray trim, featuring a covered front porch with railings.This home is well maintained and is move in ready for an owner/occupant or continue

  Reginald Williams BROC Properties

  2952 Yale Ave, Memphis, TN 38112
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  /12

  $74,900

  $13K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,182 Sq Ft

  3372 Buchanan Ave, Memphis, TN 38122

  Attention Investors!!! You have the ability to buy 10 cash flowing rental properties at one time! This property is part of a package of 10 rental houses for sale. No wholesaler or assignment of contract offers will be accepted. These properties are all professionally managed. Video is available upon request and please do not disturb any tenants. Owner-Agent

  Dean Harris CrestCore Realty MphsBrokerage

  3372 Buchanan Ave, Memphis, TN 38122
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  /2

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,149 Sq Ft

  2757 Lake Park Rd, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $1,400 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  2757 Lake Park Rd, Memphis, TN 38127
• 

  

  

  /18

  $120,000

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  2717 Merle St, Memphis, TN 38118

  Move-in ready 2 bedroom, 1 bath brick home featurings numerous recent updates throughout. Improvements include new central heating and air, updated electrical and plumbing, new flooring, fresh interior and exterior paint, renovated bathroom, new kitchen cabinets, and washer and dryer connections. The roof has been professionally cleaned and the spacious yard offers plenty of room for outdoor

  Flor Bernal Crye-Leike, Inc., REALTORS

  2717 Merle St, Memphis, TN 38118
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  /19

  $49,900

  $10K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,431 Sq Ft

  5583 Gates Cove Unit 44, Memphis, TN 38115

  Nice 2 bedroom 2.5 bathroom condo in Fox Meadows area that is priced to sell! THIS PROPERTY COULD EASILY BE CONVERTED TO A 3 BEDROOM! ONLINE VIDEO AVAILABLE UPON REQUEST. This property has several nice features including an OPEN FLOOR PLAN (Perfect for entertaining), covered parking, durable vinyl plank flooring, nice light fixtures, tile backsplash in kitchen, fenced backyard, etc. Current

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5583 Gates Cove Unit 44, Memphis, TN 38115
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  /12

  $85,000

  $45K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  3471 Gowan Dr, Memphis, TN 38127

  Currently leased at $1,100 per month through 02/19/2027. Well-maintained 3-bedroom, 2-bath home offering 1,292 sq. ft. of functional living space. Features include hard-surface flooring, spacious living and dining areas, a kitchen with shaker-style cabinetry, central heat and air, and a 2-car garage. The large fenced backyard provides added outdoor space, while recent improvements contribute to

  James Wachob Foundation Property Management

  3471 Gowan Dr, Memphis, TN 38127
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  /7

  $114,000

  $55K PRICE DROP

  • Land
  • 7.1 Acres
  • $16,056 per Acre

  0 S Third Unit 8, Memphis, TN 38109

  Located along iconic S Third St/US-61, also known as historic Blues Highway, this 7.1-acre tract presents a rare opportunity to secure a highly visible, well-positioned piece of land in one of Memphis’s most recognizable corridors. With approximately 353 feet of frontage along S Third St and about 1,137 feet of frontage on Westview Rd, the property offers outstanding access, strong street

  Elijah King Coldwell Banker Commercial Kinard Realty

  0 S Third Unit 8, Memphis, TN 38109
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  /4

  $10,000

  • Land
  • 11,761 Sq Ft
  • $37,037 per Acre

  380 Outer Pkwy, Memphis, TN 38109

  Great corner lot opportunity for investors, builders, or future homeowners. Zoned for single-family residential. Drive by anytime to view.

  Larry Jackson KAIZEN Realty, LLC

  380 Outer Pkwy, Memphis, TN 38109
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  /3

  $9,600

  • Land
  • 29,185 Sq Ft
  • $14,328 per Acre

  999 W Raines Rd, Memphis, TN 38109

  Large vacant lot that is ready for your home plans. You have so many possibilities to make this over 1/2 an acre lot your own!

  Rebecca Edwards Keller Williams

  999 W Raines Rd, Memphis, TN 38109
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  /2

  $12,000

  $8K PRICE DROP

  • Land
  • 6,969 Sq Ft
  • $75,000 per Acre

  0 Agnes Place, Memphis, TN 38104

  Great opportunity to build or invest in the heart of Midtown! Located just minutes from Cooper-Young and Overton Square, this lot offers excellent potential for new construction or long-term hold. Quiet street with convenient access to dining, entertainment, and major routes.

  Joshua Moss KAIZEN Realty, LLC

  0 Agnes Place, Memphis, TN 38104
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  /27

  $69,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,002 Sq Ft

  3451 Birdsong Ferry Rd, Memphis, TN 38118

  Charming 2-bedroom, 1-bath single-family home offering 1002 sqft of comfortable, one-level living in a convenient Memphis location. Features include a spacious living area, functional kitchen with dining space, covered carport parking, and a large yard with room to enjoy the outdoors. Conveniently located near shopping, dining, schools, and major roadways for an easy commute.

  Carl Purifoy Trelora Realty

  3451 Birdsong Ferry Rd, Memphis, TN 38118
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  /16

  $92,000

  • 3 Beds
  • 2 Baths
  • 1,086 Sq Ft

  685 Mcwhirter Ave, Memphis, TN 38127

  Welcome home to this well-maintained 3-bedroom, 2-bath home offering affordable living with numerous recent updates already completed for you! You'll appreciate the many new improvements, including a hot water heater, blinds, kitchen faucet, toilets, vent covers, attic ladder, and freshly updated grout in both bathrooms. This move-in ready home has been lovingly cared for and provides a

  Stephanie Moulder Groome & Co.

  685 Mcwhirter Ave, Memphis, TN 38127
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  /7

  $129,000

  • 4 Beds
  • 2 Baths
  • 1,368 Sq Ft

  3571 Daggett Rd, Memphis, TN 38109

  Welcome to this renovated 4-bedroom, 2-bathroom home featuring updates completed in 2025. The property is currently tenant occupied with a lease extending through September 2026 at $1,580/month. Buyers are encouraged to conduct their own due diligence regarding rental income, expenses, and investment considerations.

  Tiffany Jones Trelora Realty

  3571 Daggett Rd, Memphis, TN 38109
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  /10

  $129,900

  • 3 Beds
  • 1.5 Baths
  • 1,142 Sq Ft

  4848 Neely Rd, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1,275 per month and is on a lease from 12/01/2020 - 06/30/2027. 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

  4848 Neely Rd, Memphis, TN 38109
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  /2

  $87,500

  • 3 Beds
  • 1.5 Baths
  • 1,158 Sq Ft

  3620 Brookmeade St, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $800 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3620 Brookmeade St, Memphis, TN 38127
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  /10

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,621 Sq Ft

  4481-4483 Sumners Wells Rd, Memphis, TN 38118

  Duplex with immediate, in-place income — both 2 bed / 1 bath units are currently leased, one at $800/month through 02/02/2027 and the other at $700/month through 02/10/2028, for $1,500 in combined monthly rent from day one. Totaling 4 bedrooms, 2 bathrooms, and approximately 1,634 square feet, each side offers a kitchen with shaker cabinetry and tile backsplash, separate living and dining rooms,

  James Wachob Foundation Property Management

  4481-4483 Sumners Wells Rd, Memphis, TN 38118
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  /18

  $89,900

  • 3 Beds
  • 1 Bath
  • 934 Sq Ft

  4243 Brookway St, Memphis, TN 38109

  Charming 3-bedroom, 1-bath single-family home offering approximately 910 sq. ft. of living space on a spacious lot. This well-maintained residence features a functional floor plan with a bright living area, comfortable bedrooms, and ample outdoor space for entertaining, gardening, or future improvements. Covered parking adds convenience, while the large backyard provides endless possibilities.

  LaQuita Jordan Trelora Realty

  4243 Brookway St, Memphis, TN 38109
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  /25

  $150,000

  • 3 Beds
  • 3 Baths
  • 1,651 Sq Ft

  475 N Highland St Unit 4C, Memphis, TN 38122

  Your choice of The Fairway Towers offers the ultimate spacious units, location of High Demand, beautiful views and convenience of East Memphis dining and shops with emphasis on security and safety. The building is now finalizing exterior renovations with new reinforced-concrete balconies, new paint and landscaping. This unit has 3 balcanies to enjoy. Happy hour in the clubhouse with kit, the

  B. J. Worthy REMAX Experts

  475 N Highland St Unit 4C, Memphis, TN 38122
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  /2

  $90,000

  • 2 Beds
  • 1 Bath
  • 1,197 Sq Ft

  1584 Carpenter St, Memphis, TN 38108

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,450 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1584 Carpenter St, Memphis, TN 38108
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  /2

  $109,900

  • 3 Beds
  • 1 Bath
  • 918 Sq Ft

  2877 Brewer Ave, Memphis, TN 38114

  Expand your investment portfolio with this excellent rental opportunity. Situated in a desirable rental market, this property offers convenient access to shopping, dining, major employers, and other local amenities. Please note that wholesale offers and contract assignments will not be considered.

  Dean Harris CrestCore Realty MphsBrokerage

  2877 Brewer Ave, Memphis, TN 38114
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  /2

  $120,000

  • 3 Beds
  • 2 Baths
  • 1,102 Sq Ft

  1674 Sailors St, Memphis, TN 38108

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,200.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  1674 Sailors St, Memphis, TN 38108
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  /2

  $9,900

  $10K PRICE DROP

  • Land
  • 6,098 Sq Ft
  • $70,714 per Acre

  0 Whitman Ave, Memphis, TN 38112

  Lot is to the right of 2636 Whitman.

  Crystal Mitchell Renshaw Company, REALTORS

  0 Whitman Ave, Memphis, TN 38112
• 

  /2

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  3822 E Victory Heights Ln, Memphis, TN 38118

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $950.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3822 E Victory Heights Ln, Memphis, TN 38118
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  /17

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  1563 Railton Rd, Memphis, TN 38111

  Wonderful & Charming 3BR/2BA Home. Huge Primary Bedroom & Ample Natural Light Throughout. Spacious Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors Throughout. Move-In Ready w/Thoughtful Updates Throughout. Renovated bathrooms. Inviting Large Living Room w/Abundant Light & Spacious Dining Room Perfect for Entertaining. Ideally Located Just Minutes from The University of

  Frank Newson BEST Real Estate Company

  1563 Railton Rd, Memphis, TN 38111
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  /13

  $130,000

  • 3 Beds
  • 1.5 Baths
  • 1,024 Sq Ft

  936 Olympic St, Memphis, TN 38107

  936 Olympic is a beautifully renovated 3-bedroom, 1.1-bath home that’s move-in ready for its next owner! This home features hardwood floorsthroughout and modern updates, including granite countertops and a functional layout perfect for everyday living. The primary bedroom includes a convenient half bathwith washer and dryer connections, adding extra comfort and practicality. This property is

  Tonja Pryor Keller Williams

  936 Olympic St, Memphis, TN 38107
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  /2

  $33,000

  $6K PRICE DROP

  • Land
  • 29,620 Sq Ft
  • $48,529 per Acre

  0 Warford St, Memphis, TN 38018

  Great opportunity to own a beautiful parcel of land close to the highway.

  Brendan Barriere Pinnacle Realty

  0 Warford St, Memphis, TN 38018
• 

  

  /7

  $84,900

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  950 Norfleet Ave, Memphis, TN 38109

  INVESTERS ONLY!!! Tenant occupied 3bed 2 bath home currently rented for $1035/mo. Home is professionally managed by Reedy. This could be a great addition to your portfolio. Roof was replaced in 2023. No sign in the yard. Please do not disturb or approach the tenant. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  950 Norfleet Ave, Memphis, TN 38109
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  /32

  $89,900

  • 3 Beds
  • 1 Bath
  • 960 Sq Ft

  4928 Manson Rd, Memphis, TN 38109

  This low-maintenance 3-bedroom, 1-bathroom conventional frame home features 960 square feet of highly functional interior living space optimized for straightforward upkeep. The floor plan includes durable hardwood flooring, dedicated utility hookups, and integrated forced-air climate systems. The exterior profile presents a massive 0.39-acre lot with extensive rear yard depth, delivering

  Carl Purifoy Trelora Realty

  4928 Manson Rd, Memphis, TN 38109
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  /2

  $60,000

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  759 Brandywine Blvd, Memphis, TN 38127

  Great opportunity to own a solid 3-bedroom, 1-bath investment property. Perfect for rental income or a fix-and-flip project. Features include a spacious layout, potential for upgrades, and a strong rental market nearby. Don’t miss out on this promising investment. Please include proof of funds.

  Lakesha Lilly Leatherwood The Home Partners Realty

  759 Brandywine Blvd, Memphis, TN 38127
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  /9

  $88,900

  $41K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,088 Sq Ft

  4788 Royal Elm Cove, Memphis, TN 38128

  Charming and move-in ready, 4788 Royal Elm Cv offers low-maintenance living in a convenient Memphis location. Featuring a New roof in 2022 and new paint/LVP in 2026. This cozy 3-bedroom, 2-bath home features an efficient single-level layout with approximately 1,148 square feet of living space, a comfortable living area with fireplace, and a functional kitchen perfect for everyday living. Nestled

  Matt Mitchell Reid, REALTORS

  4788 Royal Elm Cove, Memphis, TN 38128
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  /7

  $41,900

  $13K PRICE DROP

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

  2161 Howell Ave, Memphis, TN 38108

  Nice, brick building with 2 x 1/1 units with off-street parking all makes for a great combo to win long-term with this duplex! Both sides are fixed up and rent-ready with one side having new LVP flooring. Once they're occupied, it should be making a combined $1000/month - returns you don't see very often anymore! With $499/month income right now, this one should be profitable from day 1 for you!

  Randall Weatherall Memphis Metro Realty

  2161 Howell Ave, Memphis, TN 38108
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  /2

  $40,000

  • Land
  • 4,791 Sq Ft
  • $363,636 per Acre

  52 Angelus St, Memphis, TN 38104

  Incredible opportunity to own two adjoining lots in the heart of Midtown — 46 and 52 Angelus St. These properties are surrounded by new construction and located next door to a stunning modern condo building. The area continues to grow rapidly, making this a perfect location for your next development project or investment. Centrally located and just minutes from dining, shopping, and entertainment

  Crystal Mitchell Renshaw Company, REALTORS

  52 Angelus St, Memphis, TN 38104
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  /31

  $89,900

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,032 Sq Ft

  3608 Cane Ridge Dr, Memphis, TN 38109

  Cozy 3-bedroom, 1.5-bathroom single-family home located in the desirable Southland Hills subdivision. This traditional 1,032 sq. ft. residence features a blend of wood laminate and tile flooring, a spacious dine-in kitchen, and an updated bathroom. Exterior highlights include durable brick veneer and aluminum/steel siding, a chain-fenced yard, and a convenient 1-car front-load garage with an

  Thee Gaines Trelora Realty

  3608 Cane Ridge Dr, Memphis, TN 38109
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  /2

  $119,500

  $6K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,168 Sq Ft

  4797 Northfield Cir, Memphis, TN 38128

  Terrific investment opportunity! Tenant occupied, currently rented for $1295/mo. Professionally managed. Home has been well maintained with some recent repairs and a good looking roof. Three bedroom, two bathroom with central heat and air and low maintenance vinyl siding. Conveniently located near schools, shopping and John F. Kennedy Park. Multiple properties for sale, can be bought in bulk or

  William Haynes Crye-Leike, Inc., REALTORS

  4797 Northfield Cir, Memphis, TN 38128
• 

  /2

  $29,000

  • 4 Beds
  • 1 Bath
  • 1,401 Sq Ft

  2396 Hubbard Ave, Memphis, TN 38108

  Property selling as is ~ Needs a lot of repairs ~ As is offers only ~ No wholesale offer

  Itzel Sanchez Bustamante Keller Williams

  2396 Hubbard Ave, Memphis, TN 38108
• 

  /2

  $10,000

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

  1331 Springdale St, Memphis, TN 38108

  Vacant lot with previous history of residence

  Corey Seymore Crye-Leike, Inc., REALTORS

  1331 Springdale St, Memphis, TN 38108
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  /38

  $95,000

  $5K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,722 Sq Ft

  4014 Graham Oaks Ct Unit 9, Memphis, TN 38122

  BACK ON MARKET. Buyer could not obtain financing. Spacious 3 bedroom, 2.5 bath condo in NE Memphis just blocks from schools. Easy access to Sam Cooper Blvd. Needs updates but it's a lot of condo for budget-minded buyers. Pool, 2 assigned parking spaces, decorative fireplace. Nice closet space plus exterior storage room, patio and porch. All three bedrooms and washer/dryer closet are upstairs.

  Mike Ward Crye-Leike, Inc., REALTORS

  4014 Graham Oaks Ct Unit 9, Memphis, TN 38122
• 

  /2

  $38,900

  $1K PRICE DROP

  • Land
  • 2.43 Acres
  • $16,008 per Acre

  0 E Holmes Rd Unit 10222370, Memphis, TN 38109

  Terrance Hill eXp Realty, LLC

  0 E Holmes Rd Unit 10222370, Memphis, TN 38109
• 

  /2

  $97,000

  • 4 Beds
  • 1 Bath
  • 1,256 Sq Ft

  1700 Warner Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 4 bedrooms and 1 baths. Currently renting for $1,300 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 14 other rental houses available also.

  Harry Samuels Pinnacle Realty

  1700 Warner Ave, Memphis, TN 38127
• 

  

  /12

  $35,000

  • 2 Beds
  • 1 Bath
  • 806 Sq Ft

  1594 Maplewood St, Memphis, TN 38108

  Vacant, easy to show. Home is in need of renovations. Would make an excellent investment opportunity. Owner finance term at 10% down 2 points at 7.5% interest. Interest only payments.

  Caleb Parr Renshaw Company, REALTORS

  1594 Maplewood St, Memphis, TN 38108

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