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

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  /13

  $100,000

  • 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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  /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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  /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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  /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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  /2

  $99,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,027 Sq Ft

  3244 Baskin St, Memphis, TN 38127

  This property is leased at $900 per month ($10,800 annually) through 04/16/2028, with a cash-on-cash return of 3.96% and a monthly cash flow of $103.16. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a consistent Memphis rental corridor. This well-kept home features a functional layout with comfortable living spaces, durable finishes, and

  James Wachob Foundation Property Management

  3244 Baskin St, Memphis, TN 38127
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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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  /2

  $89,000

  • 3 Beds
  • 1 Bath
  • 926 Sq Ft

  3270 Abbottsford Ave, Memphis, TN 38128

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is rented for $875/mo with a market rent of $1200. Tenant in place since 2020. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had

  William Haynes Crye-Leike, Inc., REALTORS

  3270 Abbottsford Ave, Memphis, TN 38128
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $45,000 per Acre

  0 E Alston Ave, Memphis, TN 38126

  Portfolio List Price: $185,000 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

  Austin Rowe Onward Real Estate

  0 E Alston Ave, Memphis, TN 38126
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  /34

  $60,000

  • 3 Beds
  • 1.5 Baths
  • 1,008 Sq Ft

  1565 Rayburn St, Memphis, TN 38106

  (Cash Full price Offers in review) 3BR/1BA fully renovated & move-in ready! This South Memphis home has been updated throughout w/ thermal windows, doors, new roof, new electrical/wiring, new sheetrock, new flooring, new appliances, counters, new plumbing, covered porch, cameras & more. Great option for owner occupant, investor, rental portfolio, Section 8, BRRRR, or turnkey cash-flow buyer.

  Glenn McDonald Integrated Assets

  1565 Rayburn St, Memphis, TN 38106
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  /3

  $8,200

  • Land
  • 13,939 Sq Ft
  • $25,625 per Acre

  186 E Biscayne Rd, Memphis, TN 38109

  Vacant lot located within the city limits. Great opportunity for future development or investment. Buyer to verify all pertinent information.

  Crystal Mitchell Renshaw Company, REALTORS

  186 E Biscayne 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

  $99,000

  $16K 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

  • 3 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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  /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

  $6,900

  • Land
  • 4,791 Sq Ft
  • $62,727 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 Regency Realty, LLC

  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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  /31

  $89,900

  $20K 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.

  Alexis Martz Trelora Realty

  4089 Meadow Dr, Memphis, TN 38111
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  /2

  $82,500

  • 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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  /26

  $139,900

  $10K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,254 Sq Ft

  1744 Tahiti Ln, Memphis, TN 38117

  Hardwood floors, a spacious backyard, and classic East Memphis charm — this 4-bedroom, 1-bath home has the kind of character that's hard to find at this price point. With 1,254 sq ft of living space and a backyard built for entertaining, this home is ready for its next chapter. Nestled in an established neighborhood just minutes from Poplar, White Station, and everything East Memphis has to

  Ryan Harrell Premier Realty Group, LLC

  1744 Tahiti Ln, Memphis, TN 38117
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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

  $94,900

  • 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

  Alexis Martz Trelora Realty

  2003 Burnham Ave, Memphis, TN 38127
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  /4

  $75,000

  • Land
  • 40,075 Sq Ft
  • $81,522 per Acre

  Mt. Moriah Road Extension, Memphis, TN 38115

  .92 +/- Acre Commercial Site Proximity to Highway 385 and Interstate 240 Prime Visibility on Busy Mt Moriah Commercial Corridor Between Family Dollar and Studio 6 Hotel Strong Traffic Counts and Daytime Population in the Area Ideal for Retail, Service, or Small Commercial User Utilities and Infrastructure Available Along Mt Moriah Rd Excellent Signage and Branding Opportunity on Main Corridor

  Edward Durnil Tranzon Asset Advisors

  Mt. Moriah Road Extension, Memphis, TN 38115
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  /10

  $119,000

  $31K 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 home recently vacated. 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

  Angelita Parham KAIZEN Realty, LLC

  1366 Austin St, Memphis, TN 38108
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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
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  /10

  $95,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 967 Sq Ft

  2512 Kenner Ave, Memphis, TN 38114

  PRICE JUST REDUCED!! GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom brick home is rented for $1,000/month, to a stable long-term tenant who has occupied the house for 5 years. Lease is good until 5/31/2026. Home was totally refurbished in 2020 and an annual inspection was completed in August 2025 (report available upon request). Another opportunity to add a stable cash flowing asset to

  Jeremy Veldman KAIZEN Realty, LLC

  2512 Kenner Ave, Memphis, TN 38114
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  /7

  $78,000

  $37K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,582 Sq Ft

  1439 Pillow St, Memphis, TN 38106

  Make this your next rental property! Located walking distance to two schools, five minutes from the expressway and ten minutes from Midtown and Downtown! There have been several updates to this property such as new roof in 2022, fresh paint, new plumbing, 5 year old water heater, new front door and security door, new flooring, new kitchen cabinets, new sink , new light fixtures just to name a

  Verna Littleton Fast Track Realty, LLC

  1439 Pillow St, Memphis, TN 38106
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  /12

  $83,900

  $4K 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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  /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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  /12

  $115,000

  $15K PRICE DROP

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

  3471 Gowan Dr, Memphis, TN 38127

  This property is leased at $1,100 per month ($13,200 annually) through 02/19/2027., with a cash-on-cash return of 6.00% and a monthly cash flow of $174.02. "All investment figures are estimates and verified independently by buyer." Investor-friendly single-family opportunity in a stable Memphis market location, offering strong rental appeal and long-term upside. The home features a practical

  James Wachob Foundation Property Management

  3471 Gowan Dr, Memphis, TN 38127
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  /7

  $130,000

  $39K PRICE DROP

  • Land
  • 7.1 Acres
  • $18,310 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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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $95,625 per Acre

  0 S Lauderdale St Unit S PT 7, Memphis, TN 38103

  Portfolio List Price: $185,000 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

  Austin Rowe Onward Real Estate

  0 S Lauderdale St Unit S PT 7, Memphis, TN 38103
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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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  /9

  $89,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,157 Sq Ft

  224 Ingle Ave, Memphis, TN 38109

  Step into this beautifully renovated 3-bedroom, 2-bath home offering modern upgrades, stylish finishes, and a layout designed for comfortable living. Every detail has been refreshed, from flooring and paint to kitchen and bath updates, making it truly move-in ready. Perfectly located near local shopping and dining, this home also provides quick access to the interstate and is just minutes from

  Gene Adams Realty International, Inc.

  224 Ingle Ave, 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

  $74,900

  $5K 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.

  Tiffany Jones Trelora Realty

  3451 Birdsong Ferry Rd, Memphis, TN 38118
• 

  

  /31

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,451 Sq Ft

  3558 Northmoor Ave, Memphis, TN 38128

  Spacious 3-bed, 1-bath ranch on a massive 0.37-acre level lot. Features 1,452 sq. ft. of functional living space in a quiet North Memphis setting. Excellent location near Raleigh Springs Marketplace with quick highway access. Great opportunity for investors or first-time buyers seeking a solid home with plenty of outdoor space.

  Alexis Martz Trelora Realty

  3558 Northmoor Ave, Memphis, TN 38128

Showing Results 241 - 280, Page 7 of 18