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

• 

  

  /2

  $7,650

  $3K PRICE DROP

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

  1102 S Orleans St Unit S PT 7, 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

  1102 S Orleans St Unit S PT 7, Memphis, TN 38126
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  /32

  $79,900

  $25K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,220 Sq Ft

  5320 Plover Dr, Memphis, TN 38127

  Welcome to 5320 Plover Dr in Memphis! This charming one-story brick single-family home offers wonderful curb appeal and a 1-car carport, all set on a beautiful lot with a wood privacy-fenced backyard. The yard provides plenty of space for gardening, entertaining, or even adding a swing set, and the front is ready for your favorite landscaping to enhance the home’s charm even more. Inside, the

  Christopher Stjernholm Trelora Realty

  5320 Plover Dr, Memphis, TN 38127
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  /17

  $119,999

  • 3 Beds
  • 1.5 Baths
  • 1,357 Sq Ft

  4090 Longhollow Dr, Memphis, TN 38128

  THIS GEM NESTLED IN TWIN LAKES SUBDIVISION IS A GREAT OPPORTUNITY FOR A INVESTOR LOOKING FOR THEIR NEXT FLIP OR A OWNER OCCUPANT SEEKING A DIAMOND TO POLLISH AND CALL IT HOME. AS IS SALE. THIS PROPERTY WILL NOT GO FHA. NO WHOLESALERS, NO CREATIVE FINANCNG, NO BLIND OFFERS, AND NO ASSIGNMENTS. SELLER IS CLOSING WITH HOME SURETY AND THEY WILL HOLD EARNEST MONEY. USE DISCLOSURES INCLUDED. EMAIL

  Fredrick Cunningham Keller Williams

  4090 Longhollow Dr, Memphis, TN 38128
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  /2

  $7,650

  $3K PRICE DROP

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

  707 S Lauderdale St, 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

  707 S Lauderdale St, Memphis, TN 38126
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  /5

  $72,000

  $17K PRICE DROP

  • 3 Beds
  • 3.5 Baths
  • 2,205 Sq Ft

  2276 Redwood Ave, Memphis, TN 38108

  Calling All Investors!!! Over 2000sqft of living space with new roof and other additions. Seller started on renovations including adding a 3rd bathroom, but was unable to finish renovating home. Home has tons of potential and is ready for someone who is looking for a new project. Contact List Agent Today to view!

  Kasina Ford The Home Partners Realty

  2276 Redwood Ave, Memphis, TN 38108
• 

  

  /22

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,487 Sq Ft

  3332 Clearbrook St, Memphis, TN 38118

  Move-in ready 3-bed, 2-bath ranch in Parkway Village. Features a spacious living room, formal dining, and cozy den with a fireplace. Highlights include original hardwoods and a large level lot. Includes a 2-car attached carport with storage. Convenient to schools and transit. Great for first-time buyers or investors.

  Alexis Martz Trelora Realty

  3332 Clearbrook St, Memphis, TN 38118
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  /4

  $9,900

  • Land
  • 4,356 Sq Ft
  • $99,000 per Acre

  0 Gill Ave, Memphis, TN 38106

  Perfect for Investors looking to build a rental property! This lot is located minutes from expressway, Stax Museum, LeMoyne Owen College, Graceland , Midtown and Downtown! This lot is also walking distance to Hamilton High School and Hamilton K-8 school! Call today for more info!

  Verna Littleton Fast Track Realty, LLC

  0 Gill Ave, Memphis, TN 38106
• 

  

  /17

  $127,900

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

  752 Castle St, Memphis, TN 38107

  Recently renovated 3 bedroom, 2 full bathroom home priced affordably and move-in ready! Updates include all new flooring, insulation, exterior improvements, and a beautifully renovated kitchen featuring new countertops, cabinets, and flooring. Both full bathrooms have been updated, including a private primary bathroom. Roof is only 2 years old and the home features central gas heat. Whether

  Tyler Bowman Weichert, REALTORS-BenchMark

  752 Castle St, Memphis, TN 38107
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  /14

  $42,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,055 Sq Ft

  2416 Hubbard Ave, Memphis, TN 38108

  Investor Special in 38108! Bring your toolbelt and your vision to this 1,055 sqft blank canvas. Structurally sized perfectly for a high-yield rental or a profitable flip, this property is in rough condition and requires a full rehab—offering the ultimate opportunity to build immediate sweat equity. Located in a high-demand Memphis submarket known for its rapid rent growth and strong tenant base,

  Joshua Workman eXp Realty

  2416 Hubbard Ave, Memphis, TN 38108
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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.

  Alexis Martz Trelora Realty

  4243 Brookway St, Memphis, TN 38109
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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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  /35

  $69,900

  $30K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,033 Sq Ft

  4736 Applestone St, Memphis, TN 38109

  Built in 1971, this 936 sqft residence offers a functional 3-bedroom, 1-bathroom layout in the White Haven/Fairley area. The exterior features a classic pillared covered porch entryway and a convenient attached carport. Inside, you will find original hardwood flooring throughout the main living areas and bedrooms, with durable tile in the kitchen. The floor plan includes an integrated kitchen and

  Christopher Stjernholm Trelora Realty

  4736 Applestone St, Memphis, TN 38109
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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

  $8,000

  $2K PRICE DROP

  • Land
  • 5,662 Sq Ft
  • $61,538 per Acre

  1007 Chelsea Ave, Memphis, TN 38107

  Great opportunity to build on a vacant residential lot in Memphis. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements

  Crystal Mitchell Renshaw Company, REALTORS

  1007 Chelsea Ave, Memphis, TN 38107
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  /10

  $80,000

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  675 Miles Dr, Memphis, TN 38111

  OWNER FINANCING AVAILABLE! Great Investment Opportunity! Gated Community! 2 Bedroom Townhouse. Common Laundry Room. Two Blocks from the University of Memphis. 1 Block from The Highland Strip with Food, Bars and Shopping. Cosmetic work needed, but a Steal at this price. Sold "as is". Other properties available. Could be sold as a package deal.

  Danny Lipsey Keller Williams

  675 Miles Dr, Memphis, TN 38111
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  /30

  $64,900

  $35K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  4212 Falcon Dr, Memphis, TN 38109

  Welcome home! This well-maintained 3-bedroom, 1-bath single-family home offers comfortable living and a generously sized backyard—perfect for outdoor gatherings, pets, or simply relaxing. Schedule a showing today.

  Alexis Martz Trelora Realty

  4212 Falcon Dr, Memphis, TN 38109
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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
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  /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
• 

  

  /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
• 

  

  /17

  $125,000

  • 3 Beds
  • 1.5 Baths
  • 1,689 Sq Ft

  3642 Gillie St, Memphis, TN 38127

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1100 per month and is on a lease from 1/02/2026 until 7/1/2027. 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

  3642 Gillie St, Memphis, TN 38127
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  /16

  $140,000

  $35K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,405 Sq Ft

  3540 Marion Ave, Memphis, TN 38111

  30k price reduction! Awesome opportunity available in Colonial Heights just moments from the University of Memphis. This four bedroom two bathroom home could make a great home, rental or flip! Priced below ARV! This property features low maintenance vinyl flooring, modern light fixtures, a true primary suite, a great looking roof, and a great back yard. Multiple properties available. Homes can be

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
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  /7

  $89,900

  $3K 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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  /9

  $104,900

  $25K 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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  /2

  $14,500

  • Land
  • 5,662 Sq Ft
  • $111,538 per Acre

  4850 Stage Rd, Memphis, TN 38128

  Looking for a chance to own a property that can be developed as residential or commercial? Here is your chance to buy it. With plenty of road frontage this just may be the spot for next investment!

  James Hooker Tiger Realty

  4850 Stage Rd, Memphis, TN 38128
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  /7

  $48,900

  $6K 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

  $99,900

  • 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

  Christopher Stjernholm 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
• 

  

  /9

  $129,900

  • 4 Beds
  • 1 Bath
  • 1,088 Sq Ft

  3114 Cherry Rd, Memphis, TN 38118

  Beautiful 4 bedroom 1 bath home with large back yard on a quite street. Home has great charm a must see.

  Fred Sengstacke KAIZEN Realty, LLC

  3114 Cherry Rd, Memphis, TN 38118
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  /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
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  /6

  $124,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,594 Sq Ft

  3846 Camelia Cove, Memphis, TN 38115

  3-bed, 2-bath brick ranch in a quiet Heritage Colony cove. 1,594 sq. ft. layout featuring a spacious den with fireplace, formal living and dining rooms, and a private primary suite. Low-maintenance exterior on a level lot. Convenient access to schools and I-240. Ideal for homeowners or investors.

  Christopher Stjernholm Trelora Realty

  3846 Camelia Cove, Memphis, TN 38115
• 

  /2

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,516 Sq Ft

  1946 Willow Wood Ave, Memphis, TN 38127

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is rented for $995/mo with a market rent of $1200/mo. 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 significant rehab done in the

  William Haynes Crye-Leike, Inc., REALTORS

  1946 Willow Wood Ave, Memphis, TN 38127
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 5,227 Sq Ft
  • $63,750 per Acre

  258 Gaston Ave, Memphis, TN 38106

  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

  258 Gaston Ave, Memphis, TN 38106
• 

  

  /16

  $146,900

  • 4 Beds
  • 1 Bath
  • 1,540 Sq Ft

  808 Mohawk Ave, Memphis, TN 38109

  This property is currently tenant occupied, please do not disturb the tenant! The property has undergone a recent renovation in 20205. New HVAC (2025), new furnace (2025), roof is in good condition, hot water heater is 2019, and renovated kitchen and bathroom.

  Lauren McNary Marathon REALTORS, LLC

  808 Mohawk Ave, Memphis, TN 38109
• 

  

  /20

  $134,900

  • 2 Beds
  • 1 Bath
  • 873 Sq Ft

  556 Lundee St, Memphis, TN 38111

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38111 area. Cash flowing with a monthly rental amount of $995/month. Currently on MTM. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  556 Lundee St, Memphis, TN 38111
• 

  

  /15

  $125,000

  $10K PRICE DROP

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

  507 Tonto Rd, Memphis, TN 38109

  This beautiful home has been completely renovated!!! It features smooth ceilings, updated gold fixtures throughout the home, new paint on the interior and exterior, new hot water tank, brand new stainless steel kitchen appliances, and the original hardwood floors have been revitalized!!! The kitchen and bathroom were completely gutted on this home, so everything is brand new!!! The kitchen and

  Joye Martin Miller Martin Realty

  507 Tonto Rd, Memphis, TN 38109
• 

  

  /17

  $105,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,048 Sq Ft

  2120 Curry Ave, Memphis, TN 38108

  Beautifully renovated and move-in ready! This charming home features 3 spacious bedrooms and 2 full bathrooms across 1,048 sq ft of thoughtfully updated living space. Built in 1998 and completely refreshed, it offers modern comfort with peace of mind. Enjoy a brand-new HVAC system and new hot water heater, ensuring efficiency and reliability for years to come. No Carpet. Plus, a 1-year home

  Tamara Davenport Keller Williams

  2120 Curry Ave, Memphis, TN 38108
• 

  

  /8

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,100 Sq Ft

  3678 Glenburee Cove, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1118 per month and is on a lease from 4/1/2024 until 3/31/2027. 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

  3678 Glenburee Cove, Memphis, TN 38109

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