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

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  /2

  $15,000

  • Land
  • 0.09 Acre
  • $166,667 per Acre

  652 Tillman St, Memphis, TN 38111

  The lot is a nice size for multiple or single family housing. It's a good place to build affordable housing. It is covenient to availabe services on Summer.

  Dianne Wilson-Hayden Crye-Leike, Inc., REALTORS

  652 Tillman St, Memphis, TN 38111
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  /33

  $84,900

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  3317 Abbottsford Ave, Memphis, TN 38128

  This charming 1,026 sq. ft. ranch-style residence is situated in a well-established North Memphis community. Built in 1971, the home features a three-bedroom, one-bathroom floorplan. The interior layout includes a combination of hardwood flooring throughout the primary living areas and plush carpeting in all three bedrooms. A dedicated, 6x11 laundry room is positioned immediately off the dining

  Tiffany Jones Trelora Realty

  3317 Abbottsford Ave, Memphis, TN 38128
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  /6

  $62,999

  • 2 Beds
  • 1 Bath
  • 898 Sq Ft

  1832 S Wellington St, Memphis, TN 38106

  JUST LISTED! We have a charming opportunity for you in South Memphis! Welcome to 1832 S Wellington, a solid home located in an established neighborhood of Memphis. This property offers a great opportunity for homeowners or investors looking to add value. Featuring a functional layout with spacious living areas, this home provides plenty of potential to customize and make it your own. Situated on

  Chet Polniazek 1st Texas Realty Services

  1832 S Wellington St, Memphis, TN 38106
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  /3

  $94,900

  • 2 Beds
  • 1 Bath
  • 964 Sq Ft

  1243 Dyer Place, Memphis, TN 38122

  Great investment property in nice Berclair neighborhood with long term tenant. Central HVAC, hardwood floors, smooth ceilings, storage shed, fenced back yard. Please do not disturb or approach the tenant.No sign in the yard. Make all offers contingent on an inspection. Seller will not look at owner financing or subject to offers. No assignments or wholesalers.

  Michael Frizzell Grind City Realty

  1243 Dyer Place, Memphis, TN 38122
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  /2

  $59,900

  • 3 Beds
  • 2 Baths
  • 1,548 Sq Ft

  672 E Davant Ave, Memphis, TN 38106

  Great investment home that needs some work. Currently boarded.

  Joe King Marathon REALTORS, LLC

  672 E Davant Ave, Memphis, TN 38106
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  /2

  $55,000

  • Land
  • 0.82 Acre
  • $67,073 per Acre

  3646 Democrat Rd, Memphis, TN 38118

  This .82 Acre lot is being sold along with 3628 Democrat for a package deal. Regular shaped and zoned RU-3 which allow for various uses including SFH, Multifamily Homes, Manufactured homes, Assist Living and more. Contact me for more information. Bring all offers

  John Cornes Braden, Braden & Braden LLC

  3646 Democrat Rd, Memphis, TN 38118
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  /2

  $4,200

  • Land
  • 0.11 Acre
  • $38,182 per Acre

  2234 Clayton Ave, Memphis, TN 38108

  Discover this prime vacant lot in the established neighborhood of Memphis, Shelby County—perfect for your next investment or dream home build. Spanning approximately 0.11 acres (4,791 sq ft. zoned RU-1 for single-family use). This cleared parcel offers flexibility for residential development in a convenient urban location with easy access to local amenities, employment hubs, and transportation.

  Betty McGaughey eXp Realty, LLC

  2234 Clayton Ave, Memphis, TN 38108
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  /2

  $127,900

  • 3 Beds
  • 1 Bath
  • 1,058 Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
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  /19

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,341 Sq Ft

  1131 Rozelle St, Memphis, TN 38106

  Ready for immediate move-in! Recently updated throughout with modern finishes, LVP flooring, and refreshed paint. Spacious living area, functional kitchen with updated appliances, and comfortable bedrooms Perfect for owner/occupant or investor!

  Scott Tomlinson eXp Realty

  1131 Rozelle St, Memphis, TN 38106
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  /11

  $60,000

  • 2 Beds
  • 1.5 Baths
  • 1,216 Sq Ft

  3748 Station Way Unit E3, Memphis, TN 38115

  Look no further! Cash flowing investment opportunity with Section 8 tenant in place at $1,026/month with year lease. No showings without accepted offer. Seller offers 5237 Flowering Peach for sale in the same complex and is also occupied with Section 8 tenant. No sign in yard.

  Frank Colvett REMAX Experts

  3748 Station Way Unit E3, Memphis, TN 38115
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  /15

  $92,500

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  4753 Berta Rd, Memphis, TN 38109

  If you’re looking to grow your real estate portfolio, this freshly painted, recently updated two-bedroom, one-bath home might be just what you need. It features a roomy backyard with plenty of space to expand and is also a great choice for an owner-occupant.

  Sharon Turner Lawrence Johnson, REALTORS

  4753 Berta Rd, Memphis, TN 38109
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  /37

  $21,999

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  337 W Person Ave, Memphis, TN 38109

  2-bedroom, 1-bathroom single-family home offers a prime opportunity for investors looking to add value. Built in 1913, this property sits on a 3,180 sq ft lot and features 744 sq ft of living space. The home is in heavy repair condition and will require a full rehab. There are items currently on the property that the seller would prefer to leave behind, offering flexibility for the next owner’s

  Henry Pineda Fast Track Realty, LLC

  337 W Person Ave, Memphis, TN 38109
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  /17

  $110,000

  • 2 Beds
  • 2 Baths
  • 1,269 Sq Ft

  2006 Quinn Ave, Memphis, TN 38114

  INVESTORS ONLY!!! Lovely 2bed 2bath home currently rented at $1095/mo. This could be a great addition to your portfolio. Property was substantially rehabbed in 2022. Roof, A/C and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2006 Quinn Ave, Memphis, TN 38114
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  /2

  $95,000

  • 3 Beds
  • 1.5 Baths
  • 1,256 Sq Ft

  4413 Bluebell St, Memphis, TN 38109

  Welcome to 4413 Bluebell Street! This 3-bedroom, 1.5-bath home offers spacious, well-lit rooms with neutral paint tones throughout. The living room features ample natural light and a ceiling fan for added comfort. The kitchen includes white cabinetry and plenty of counter space, flowing into the adjacent dining area. Bathrooms have practical fixtures and a convenient half bath. Flooring combines

  James Wachob Foundation Property Management

  4413 Bluebell St, Memphis, TN 38109
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  /2

  $80,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  680 Looney Ave, Memphis, TN 38107

  Vacant. 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

  680 Looney Ave, Memphis, TN 38107
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  /16

  $94,900

  • 3 Beds
  • 1 Bath
  • 875 Sq Ft

  891 Par Ave, Memphis, TN 38127

  Move-In ready, renovated 3br 1ba close to shopping/dining in Frayser. This would make an excellent investment opportunity, or owner/occupant! Solid surface flooring, updated kitchen and bath. Updated light fixtures! Turn-Key! Vacant, easy to show!

  Caleb Parr Renshaw Company, REALTORS

  891 Par Ave, Memphis, TN 38127
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  /16

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,517 Sq Ft

  814 N Merton St, Memphis, TN 38112

  Contract contingency View inside then deposit if continue. No wholesale, No Creative Financing, No seller financing, carry back or creative financing. Need Preapproval or Proof of fund before offers. For Investors ONLY. ALREADY LEASED FOR $1100 manage by Licensed Property Management with $100 a month of management fee. Low taxes and insurance. Updated some of the Virtual Staging for you to see

  David Truong eXp Realty, LLC

  814 N Merton St, Memphis, TN 38112
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  /4

  $5,000

  • Land
  • 0.21 Acre
  • $23,810 per Acre

  0 Durham Ave, Memphis, TN 38127

  Great opportunity for investor/builder. Listed below appraised value. Lots 03 and 04 available.

  Brittan Robbins Real Broker

  0 Durham Ave, Memphis, TN 38127
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  /2

  $13,500

  • Land
  • 0.12 Acre
  • $112,500 per Acre

  1538 Standridge St, Memphis, TN 38108

  Lot dimensions are 40x135, 0.124 acres, can accommodate up to a triplex. Professionally demolished, leveled, and ready for your ideas! Cash offers only, no contract assignments, and quick close preferred. Please do all due diligence before presenting an offer.

  Tyler Bowman Weichert, REALTORS-BenchMark

  1538 Standridge St, Memphis, TN 38108
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  /9

  $134,900

  • 3 Beds
  • 1.5 Baths
  • 1,340 Sq Ft

  206 Neely Cove, Memphis, TN 38109

  Spacious brick two car garage in Whitehaven for sale! Home is occupied through May 2026 and ideal for an investor to add to their portfolio. Home was turnkey in 2018 and all capex items less than 10 years old and low maintenance. Current rent is $1075. Call listing agent for details. Access upon accepted offer. Do not disturb tenants.

  Andrew Akins CB Properties of Memphis, LLC

  206 Neely Cove, Memphis, TN 38109
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  /2

  $61,000

  • 2 Beds
  • 1 Bath
  • 992 Sq Ft

  1483 Swift St, Memphis, TN 38109

  2 bedrooms brick home. Owner wants to retire. Selling As IS. Bring reasonable offers please. Drive by and make an offer contingent upon a satisfactory showing or inspection. Need a little TLC

  Christine Abston REMAX Experts

  1483 Swift St, Memphis, TN 38109
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  /2

  $20,000

  • Land
  • 0.33 Acre
  • $60,606 per Acre

  877 Whitney Ave, Memphis, TN 38127

  This is a bulk package of 3 parcels to be sold together only. 883 Whitney Parcel ID# 069024 00002 and 877 Whitney Parcel ID# 069024 0000, and 2955 Northgate St Parcel ID# 069021 00006

  Michelle Shelton The Peyton Co., Inc., REALTORS

  877 Whitney Ave, Memphis, TN 38127
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  /13

  $123,900

  • 2 Beds
  • 2 Baths
  • 1,429 Sq Ft

  6543 Fern Creek Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,075/mo. Lease until July 2026. Two story great room with fireplace, wood laminate floors, newer roof, water heater & HVAC system, granite. Bed/Bath up, Bed/Bath down, Loft area up. Screened-in patio, fenced-in backyard.

  Brandon Smith Smith Family Real Estate, LLC

  6543 Fern Creek Dr, Memphis, TN 38115
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  /13

  $100,000

  • 2 Beds
  • 2 Baths
  • 1,043 Sq Ft

  1887 N Graham St, Memphis, TN 38108

  Charming Brick Home with Oversized Garage in a Prime Memphis Location 1887 N Graham | Memphis, TN | 2 Bed | 2 Bath Don’t miss this solid brick beauty offering the perfect blend of comfort, character, and convenience! This well-maintained 2-bedroom, 2-bathroom home features a classic brick exterior built to last, keeping you cool in the summer and cozy in the winter — along with central heat and

  Caleb Parr Renshaw Company, REALTORS

  1887 N Graham St, Memphis, TN 38108
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  /2

  $139,900

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

  6070 Whisper Valley Dr, Memphis, TN 38141

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38141 area. Cash flowing with a monthly rental amount of $1,260/month, month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  6070 Whisper Valley Dr, Memphis, TN 38141
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  /2

  $9,000

  • Land
  • 0.13 Acre
  • $69,231 per Acre

  1047 Latham St, Memphis, TN 38106

  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 includes the following

  Austin Rowe Onward Real Estate

  1047 Latham St, Memphis, TN 38106
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  /2

  $18,000

  • Land
  • 0.19 Acre
  • $94,737 per Acre

  1117 S Somerville St, Memphis, TN 38106

  Lachoya Thompson C21 Patterson & Assoc. Real Es

  1117 S Somerville St, Memphis, TN 38106
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  /17

  $55,000

  • 2 Beds
  • 2 Baths
  • 1,224 Sq Ft

  1081 Talley Place, Memphis, TN 38106

  Investor special in the heart of 38106! Duplex at 1079 & 1081 Talley Place offering two 1BR/1BA units, each featuring a separate entrance, great room, kitchen and private bedroom layout. Property includes wrought iron security doors, chain fenced backyard and individual front entries. Ideal opportunity for buy-and-hold investors, rental portfolio expansion, or value-add renovation project. Strong

  Melissa Blume Thompson eXp Realty

  1081 Talley Place, Memphis, TN 38106
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  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  2662 Orman Ave, Memphis, TN 38127

  Please do not disturb tenant. 4br/2ba home with access to everything you desire in the area. Detached garage for parking or additional storage. Fenced backyard.

  Aaron Edwards Real Broker

  2662 Orman Ave, Memphis, TN 38127
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  /23

  $89,900

  • 3 Beds
  • 1 Bath
  • 911 Sq Ft

  4306 University St, Memphis, TN 38127

  This 3-bedroom, 1-bath, single-story home offers a functional layout with wood flooring and tile throughout. The property is in decent condition and provides comfortable living space all on one level. A solid option for homeowners or investors alike, with durable finishes and a practical floor plan.

  Alexis Martz Trelora Realty

  4306 University St, Memphis, TN 38127
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  /12

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,559 Sq Ft

  1069 McEvers Rd, Memphis, TN 38111

  This Is It! Great opportunity to for owner occupant or investor! Three bedroom, Two bath brick home in the desirable area featuring a spacious layout with a living room, separate dining area, and comfortable den ideal that is ideal for entertaining or relaxing. Several rooms with hardwood floors. Located in an established neighborhood, the property offers a welcoming front porch and large

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  1069 McEvers Rd, Memphis, TN 38111
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  /3

  $10,000

  • Land
  • 0.27 Acre
  • $37,037 per Acre

  380 Outer Pkwy, Memphis, TN 38109

  Investors & Builders-Nice Corner lot to build a home. Go by anytime and take a look.

  Angelita Parham KAIZEN Realty, LLC

  380 Outer Pkwy, Memphis, TN 38109
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  /2

  $54,900

  • 2 Beds
  • 1 Bath
  • 902 Sq Ft

  2558 Steele St, Memphis, TN 38127

  Nice tenant occupied 2 bed 1 bath home with new paint, new hot water tank in 2022, new windows and new electrical panel in April 2023. Property is located close to interstate access. Do not disturb the tenants. Property to be sold in as-is condition, and seller will not make any repairs.

  Joshua Cooper Sowell, Realtors

  2558 Steele St, Memphis, TN 38127
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  /37

  $100,000

  • 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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  /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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  /14

  $114,900

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  1532 Silver St, Memphis, TN 38106

  Fully Renovated & Move-In Ready! Welcome to this beautifully renovated 3 bedroom, 1 bath brick home situated on a spacious corner lot. Renovated from top to bottom, this home offers peace of mind and modern finishes throughout. Step inside to find solid surface LVP flooring and tile throughout — no carpet! The updated kitchen features stylish finishes and flows seamlessly into the living spaces,

  Caleb Parr Renshaw Company, REALTORS

  1532 Silver St, Memphis, TN 38106
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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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  /6

  $9,900

  • 3 Beds
  • 1 Bath
  • 1,511 Sq Ft

  126 Lucy Ave, Memphis, TN 38106

  The property is sold As-Is, Where-Is. Seller has no knowledge, buyer should perform their due diligence and make their own assessments. THIS IS LARGE MAJORITY BRICK HOME LOCATED ON THE END OF A COVED STREET. WITH SOME TLC THIS PROPERTY COULD BECOME A DIAMOND IN THE ROUGH.

  Juan Brooks Process Realty Services

  126 Lucy Ave, Memphis, TN 38106
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  /14

  $110,000

  • 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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