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

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  $139,900

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

  5718 Quince Rd Unit 10, Memphis, TN 38119

  Move-in ready & beautifully updated 2 BR, 2.5 BA condo in the heart of East Memphis! Fresh paint throughout, new Scotch guard carpet w/premium pad, & LVT flooring in kitchen & upstairs bath. Kitchen features New Bosch whisper-quiet dishwasher, side-by-side fridge w/ ice & water, cooktop oven, & new high-capacity water heater. New high-efficiency HVAC system (compressor & furnace), restored

  Tracie Benetz Emmett Baird Realty, LLC

  5718 Quince Rd Unit 10, Memphis, TN 38119
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  /37

  $115,000

  • 6 Beds
  • 4 Baths
  • 3,800+ Sq Ft

  1025 Wichita Ave, Memphis, TN 38106

  RARE OPPORTUNITY! 2 Homes, 1 Deal – Endless Potential! Two houses on one property at 1025 Wichita Ave – sitting on 1/3 of an acre! Main Home: 4 BR, 2 BA with primary suite downstairs Guest Home: 2 BR, 2 BA with soaring ceilings + loft living area New roofs on both homes! Both homes have fire damage, but some work has already been done—this property just needs the right touch to complete the

  Tondia Shotwell-Bouie Crye-Leike, Inc., REALTORS

  1025 Wichita Ave, Memphis, TN 38106
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  /12

  $74,500

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

  3970 Grahamdale Cir Unit 3970A, Memphis, TN 38122

  Great condo in Grahamwood Condominiums for owner occupant or investor to add to their portfolio. Complex has inviting neighborhood pool and lovely park like grounds. Great kitchen with breakfast bar over looking living and dining room. Living features fireplace and sliding doors to your private fenced in patio. Upstairs has two nice size bedrooms with plenty of closet space. You will also have

  Ben Strauch Skyline Realty

  3970 Grahamdale Cir Unit 3970A, Memphis, TN 38122
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  /2

  $12,500

  • Land
  • 0.07 Acre
  • $178,571 per Acre

  998 J W Williams Ln, Memphis, TN 38105

  Residential lot near downtown. Great lot ready to build! Minutes from the newly renovated Tom Lee Park.

  Crystal Mitchell Renshaw Company, REALTORS

  998 J W Williams Ln, Memphis, TN 38105
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  /2

  $45,000

  • Land
  • 0.74 Acre
  • $60,811 per Acre

  1971 Francisco St, Memphis, TN 38116

  Land available in the heart of Whitehaven! This .0.74-acre lot offers a great opportunity for new development. Whether you're looking to build a single-family home or explore other possibilities, this spacious parcel is ready for your vision. Drive by and take a look!

  Charlita Foulks Harris Realty Services

  1971 Francisco St, Memphis, TN 38116
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  /2

  $127,000

  • 3 Beds
  • 2 Baths
  • 1,555 Sq Ft

  1108 Semmes St, Memphis, TN 38111

  A rare find! This 3 bed, 2 bath home offers space, character, and opportunity in a growing community. Featuring vaulted ceilings, a true primary suite, an oversized dining area, and a functional galley kitchen—this one truly stands out. A great fit for anyone searching for their next home or a smart addition to an investment plan. Portfolio opportunity available. No wholesale offers.

  Shaneathia Armstrong C21 Patterson & Assoc. Real Es

  1108 Semmes St, Memphis, TN 38111
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  /13

  $105,000

  • 3 Beds
  • 1 Bath
  • 876 Sq Ft

  2581 Callie Rd, Memphis, TN 38127

  GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom home is rented for $975/month and under professional management. Lease is good until 5/31/2026. Tenant moved in 5/8/2025. Totally renovated in 2023 including new roof, new HVAC, new carpet, cabinets, window fixtures, and much more! Tenant ledger and maintenance report available upon request. Please do not disturb tenant.

  Jeremy Veldman KAIZEN Realty, LLC

  2581 Callie Rd, Memphis, TN 38127
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  /10

  $65,000

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

  2347 Norman Ave, Memphis, TN 38108

  Property being sold as is. Home is being offered at a great price but does need repairs. Cash offers only. No creative financing or owner financing. Once rehabbed this home could be worth a lot of money. Seller has already done many upgrades and repairs. Roof looks good and home was previously professionally managed. Cash offers only...no blind offers...please go view the home and make your offer

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2347 Norman Ave, Memphis, TN 38108
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  /19

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  468 Braycliff Ave, Memphis, TN 38109

  Delightful 3-bedroom, 2-bath home offering comfort, functionality, and plenty of potential. Inside, you’ll find a living room perfect for relaxing, a versatile den ideal for a home office or guest space, and a practical kitchen ready for your personal touch. Step outside to a generously sized yard with room for gardening, play, or outdoor gatherings. Priced to sell and being sold as is, this

  Shavona Davis United Real Estate Mid South

  468 Braycliff Ave, Memphis, TN 38109
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  /11

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,772 Sq Ft

  1570 Waverly Ave, Memphis, TN 38106

  This spacious 3-bedroom, 2-bath home has received several major updates and is well on its way to completion! One bathroom has been fully renovated, a second bathroom has been newly added, and the kitchen features fresh new tile. Much of the rehab work has already been done, including the removal of a large tree in the backyard. This is a great opportunity for a buyer or investor who wants to add

  Allison Brents 901, REALTORS

  1570 Waverly Ave, Memphis, TN 38106
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  /14

  $120,000

  • 4 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  850 Carol Ann Cove, Memphis, TN 38127

  Welcome home to this charming 4-bedroom, 1-bath residence nestled in a quiet Memphis neighborhood. Offering both comfort and convenience, this property is ideal for first-time buyers, families, or investors looking for solid rental potential. Inside, you’ll find a functional layout with four spacious bedrooms, a bright living area, and a well-kept kitchen ready for your personal touch. Step

  Olena Chambers KAIZEN Realty, LLC

  850 Carol Ann Cove, Memphis, TN 38127
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  /2

  $20,000

  • Land
  • 0.26 Acre
  • $76,923 per Acre

  944 Tully St, Memphis, TN 38107

  Residential lot in uptown near downtown. Great lot ready to build! Minutes from the newly renovated Tom Lee Park.

  Crystal Mitchell Renshaw Company, REALTORS

  944 Tully St, Memphis, TN 38107
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  /2

  $9,500

  • Land
  • 0.13 Acre
  • $73,077 per Acre

  1440 Woodward St, Memphis, TN 38106

  Single family lot itself holds strong value with plenty of rehabs and new construction happening nearby. No seller disclosures.

  Donnie Morrow eXp Realty, LLC

  1440 Woodward St, Memphis, TN 38106
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  /11

  $110,000

  • 4 Beds
  • 1 Bath
  • 1,514 Sq Ft

  1617 Maplewood St, Memphis, TN 38108

  Updated and spacious and ready for you to move in, 1617 Maplewood is a home priced for now, but will be a great buy for years to come. Has a large living room, 3 bedrooms, and an additional room at the rear of the home that can be used as a pantry, office, or 2nd bedroom. The home also features a large eat in kitchen and a spacious backyard.

  Adrian Henning KAIZEN Realty, LLC

  1617 Maplewood St, Memphis, TN 38108
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  /20

  $149,900

  • 3 Beds
  • 2.5 Baths
  • 2,015 Sq Ft

  1308 E Raines Rd, Memphis, TN 38116

  Don’t miss this chance to invest in a 3-bedroom, 2.5-bath brick home with a single attached carport. This property is currently tenant-occupied, offering an excellent opportunity for investors looking to expand their rental portfolio or for an owner-occupant seeking future potential. Please Note: The home is being sold AS-IS with no showings prior to purchase. Buyer will be responsible for

  Chris Mosby ResiAmerica, Inc.

  1308 E Raines Rd, Memphis, TN 38116
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  /9

  $46,250

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  1883 Cedarhurst Ave, Memphis, TN 38127

  Lovely 2 bedroom 1 bathroom home with covered parking being offered at a great price. Seller has made several repairs already and home has a nice floor plan. Could be a great primary residence, investment property, buy & hold rental, or BRRRR property. ONLINE VIDEO AVAILABLE UPON REQUEST. Cash offers only. Many homes in this area are being rehabbed & sold for more money (house on same street sold

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1883 Cedarhurst Ave, Memphis, TN 38127
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  /22

  $99,950

  • 3 Beds
  • 1.5 Baths
  • 1,236 Sq Ft

  3877 Kipling Ave, Memphis, TN 38128

  Discover a great opportunity with this 3-bedroom, 1.5-bath home featuring a single-car attached carport and a durable brick exterior. Situated on a fenced backyard, this property offers privacy and space for outdoor enjoyment. Being sold AS-IS, this home is ideal for both owner-occupants looking to personalize their space and investors seeking a solid addition to their rental portfolio. Don’t

  Chris Mosby ResiAmerica, Inc.

  3877 Kipling Ave, Memphis, TN 38128
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  /12

  $65,000

  • 1 Bed
  • 1 Bath
  • 589 Sq Ft

  3589 Covington Pike Unit 214, Memphis, TN 38128

  Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 1 bedroom 1 bath - pick your wall color and flooring in the bedroom! Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant, pest control, termite contract, activities program, 24-hour staff on duty, gated,

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 214, Memphis, TN 38128
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  /8

  $101,900

  • 2 Beds
  • 1 Bath
  • 826 Sq Ft

  2119 Pendleton St, Memphis, TN 38114

  INVESTOR SPECIAL! Tenant-occupied and producing $865/month. Professionally managed. Fully renovated in 2022 with key mechanicals replaced, plus 2025 updates before current tenant move-in. Lease active until 8/31/26. Reports available. Showings only after accepted offer. No wholesale or creative terms.

  Jeremy Veldman KAIZEN Realty, LLC

  2119 Pendleton St, Memphis, TN 38114
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  /2

  $85,000

  • 2 Beds
  • 1 Bath
  • 1,193 Sq Ft

  643 McDavitt Place, Memphis, TN 38107

  Dená Austill Crye-Leike of MS, Inc.

  643 McDavitt Place, Memphis, TN 38107
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  /5

  $90,000

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

  3791 Marvin St, Memphis, TN 38127

  INVESTORS ONLY! Tenant occupied property that is on a corner lot. Charming 3Bed 1Bath home that is currently being rented at $800/mo. Home is professionally managed by a local management company. Many homes in this area are being rehabbed and sold for more money. This is a great investment property to add to any portfolio. Seller is also selling 3271 Morningside ($50k), 2933 N Radford ($85k),

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3791 Marvin St, Memphis, TN 38127
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  /13

  $90,000

  • 3 Beds
  • 1 Bath
  • 980 Sq Ft

  2807 Alpena Ave, Memphis, TN 38127

  Great starter home, first time buyers or Investment Property 3/1, hardwood floors, Tile Kitchen & Bath newer, Stove provided at closing, Seller to give $1000 for buyer concession on exterior painting. Gas stove, Gas HWT, Roof aprox 10 years old Selling As Is.

  Jennifer Boyd Heritage Homes Co.

  2807 Alpena Ave, Memphis, TN 38127
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  /15

  $84,900

  • 3 Beds
  • 1 Bath
  • 600+ Sq Ft

  931 Calvin Rd, Memphis, TN 38109

  Welcome to 931 Calvin Rd! This beautifully renovated home is move-in ready and perfect for a first-time buyer or savvy investor. Step inside to find fresh updates throughout, including new flooring, modern fixtures, and a bright, open layout that makes every space feel inviting. The kitchen has been updated with sleek finishes, offering plenty of cabinet and counter space for everyday living.

  Eric Crutcher Doorstep Realty

  931 Calvin Rd, Memphis, TN 38109
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  /2

  $5,000

  • Land
  • 0.08 Acre
  • $62,500 per Acre

  1401 Latham St, 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

  1401 Latham St, Memphis, TN 38106
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  /19

  $34,500

  • 2 Beds
  • 1 Bath
  • 1,023 Sq Ft

  795 Alma St, Memphis, TN 38107

  Welcome to 795 Alma Street, Memphis, TN! This cozy and affordable two-bedroom, one-bathroom home is the perfect opportunity for investors or first-time buyers. Featuring a spacious layout and plenty of potential, this property offers a great foundation to create a warm and inviting living space. Don’t miss out on this hidden gem in a convenient Memphis location! Property was previously rented for

  Kenneth Woods eXp Realty, LLC

  795 Alma St, Memphis, TN 38107
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  /6

  $39,000

  • 2 Beds
  • 1 Bath
  • 1,600+ Sq Ft

  3043 Sax Rd, Memphis, TN 38109

  Investor Special – Motivated Seller! This property sits on a large lot and is being sold AS-IS. It’s a full rehab opportunity for the right buyer with vision! Whether you’re looking for your next flip, rental project, or a chance to build equity from the ground up, this home is priced to move.

  Tanika Bland BEST Real Estate Company

  3043 Sax Rd, Memphis, TN 38109
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  /19

  $100,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  53 N Belvedere Blvd Unit 5, 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 $100,000 on its own. Unfurnished. 2 BR - 1 Bath - First floor flat. Central heat/air. refrigerator and range included. Gated entry to building. You may drive by, but parking is

  Felix Bishop Crye-Leike, Inc., REALTORS

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104
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  /13

  $114,900

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  1560 Cane Rd, Memphis, TN 38106

  Excellent addition to your portfolio with this rent ready 3 bed, 2 bath with 2 large separate living spaces! Recently renovated. Newer roof, HVAC, and water heater. Driveway parking in a quiet neighborhood. Close to jobs, restaurants and all amenities. Currently marketing for a tenant with an expected rent of $1,300. Could go high with MHA. Do not miss out on this one!

  Nicholas Gibson The Stamps Real Estate Company

  1560 Cane Rd, Memphis, TN 38106
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  /33

  $114,900

  • 2 Beds
  • 2.5 Baths
  • 1,392 Sq Ft

  5581 Crepe Myrtle Dr, Memphis, TN 38115

  Welcome to this beautifully maintained 2-bedroom, 2.5-bathroom home featuring an open-concept floor plan that’s perfect for both everyday living and entertaining. The bright, airy living space is filled with natural light, offering a seamless flow from the living room to the dining area and kitchen. The well-appointed kitchen includes modern appliances and ample counter space, ideal for cooking

  Alexis Martz Trelora Realty

  5581 Crepe Myrtle Dr, Memphis, TN 38115
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  /2

  $124,500

  • 3 Beds
  • 1 Bath
  • 842 Sq Ft

  4464 Range Line Rd, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  Patrice Williams-Wooten Keller Williams

  4464 Range Line Rd, Memphis, TN 38127
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  /24

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  1414 Greendale Ave, Memphis, TN 38127

  JUST LIKE NEW! This property is renovated and ready to go! Perfect for a 1031 Exchange, Investor or First Time Buyer! What's not to love about this traditional brick home with all new flooring and tile, new kitchen cabinets, counter tops, freshly painted inside and out, new light fixtures, new bath vanity, and more! As an added bonus, this property includes all appliances including stove,

  Verna Littleton Fast Track Realty, LLC

  1414 Greendale Ave, Memphis, TN 38127
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  /6

  $140,000

  • 4 Beds
  • 2 Baths
  • 2,223 Sq Ft

  4138 Macon Rd, Memphis, TN 38122

  Calling all investors interested in a massive home of 2,000 plus square feet with potential for income!!! Come on out and check out this canvas ready for your artwork for yourself!!! Property will be sold AS-IS. SELLER WILL NOT MAKE ANY REPAIRS!!!!

  Randell Richmond eXp Realty, LLC

  4138 Macon Rd, Memphis, TN 38122
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  /6

  $76,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  3597 Baine Ave, Memphis, TN 38111

  Investor opportunity in Highland Heights! This 2-bed, 1-bath brick home offers approx. 875 sq ft of living space on a 7,405 sq ft lot. Built in 1953, it features wood laminate and tile flooring, central HVAC, a fenced yard, and driveway parking. Currently rented for $850/month. Property is offered as part of a discounted investment package with: • 48 W Belle Haven Rd – $76,000 • 140 Cedar Ave –

  Curtis Bleeker KAIZEN Realty, LLC

  3597 Baine Ave, Memphis, TN 38111
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  /15

  $108,975

  • 2 Beds
  • 1 Bath
  • 953 Sq Ft

  2955 Tudor St, Memphis, TN 38127

  Great Investment Opportunity!!!

  Ashleigh Lovan Keller Williams

  2955 Tudor St, Memphis, TN 38127
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  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,109 Sq Ft

  3236 Park Ave, Memphis, TN 38111

  THIS HOME IS TENANT OCCUPIED!!! DO NOT DISTURB TENATS!!! All offers must be accepted prior to any inspections. Please call listing agent for information and showing instructions. Offer instructions are in documents.

  Henry Booth Omni, REALTORS

  3236 Park Ave, Memphis, TN 38111
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  /14

  $149,900

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

  796 S Graham St, Memphis, TN 38111

  Tenant Occupied with Tenant's Rights, Buyer to verify Room Sizes, Big Back Yard, Tenants Lease Can be Renewed or Tenant is agreeable to break the lease if the new owner wants to occupy. Appointments must be scheduled with tenants Notice. Big Back Yard, Close to the College

  Jason Arms Memphis Area Rentals

  796 S Graham St, Memphis, TN 38111
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  /9

  $119,900

  • 3 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  1318 Glenn St, Memphis, TN 38106

  Welcome to your dream home reimagined! This beautifully remodeled residence blends modern elegance with timeless charm, offering the perfect balance of comfort, style, and functionality. Featuring 3 bedrooms and 2 full bathrooms. New flooring, Cabinets, all updated bathrooms and much more. Schedule a showing today!

  Ali Nawaz KAIZEN Realty, LLC

  1318 Glenn St, Memphis, TN 38106
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  /2

  $16,900

  • Land
  • 0.17 Acre
  • $99,412 per Acre

  1081 Walk Place, Memphis, TN 38106

  Great build site! Support new construction in this area. Buyer to verify all utilities and perform any and all due diligence. Selling AS IS-WHERE IS

  Dawn Kinard Welch Realty, LLC

  1081 Walk Place, Memphis, TN 38106
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  /2

  $124,500

  • 3 Beds
  • 1 Bath
  • 852 Sq Ft

  4511 Range Line Rd, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal, bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  Patrice Williams-Wooten Keller Williams

  4511 Range Line Rd, Memphis, TN 38127
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  /2

  $9,500

  • Land
  • 0.1 Acre
  • $95,000 per Acre

  0 Ryder Ave, Memphis, TN 38106

  Nice corner lot at the SE corner of Ryder Ave & Greenwood. Great build site! Support new construction in this area. Buyer to verify all utilities and perform any and all due diligence prior to closing. Selling AS-WHERE IS

  Dawn Kinard Welch Realty, LLC

  0 Ryder Ave, Memphis, TN 38106

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