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

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  /15

  $129,900

  • 4 Beds
  • 1.5 Baths
  • 1,434 Sq Ft

  8 E Paxton Ln, Memphis, TN 38109

  Don’t sleep on this one! Fully renovated 4-bed, 1.5-bath gem with all-new carpet, fresh paint throughout, and a massive fenced backyard ready for summer BBQs. Turn-key and priced to move – call today before it’s gone!

  Matt Holt Premier Realty Group, LLC

  8 E Paxton Ln, Memphis, TN 38109
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  /21

  $148,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2025. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
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  /13

  $129,900

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

  1721 W Silver St, Memphis, TN 38106

  Fully renovated and completely turnkey, this rent-ready property features fresh exterior paint, siding and porch updates, new front porch posts, smart locks, a new entry door, updated lighting, a brand-new HVAC system with cage, rebuilt rear stairs, and cleared landscaping. Inside, enjoy modern hardwood flooring, full drywall repair, interior repaint, updated LED lighting, new kitchen cabinets,

  James Wachob Foundation Property Management

  1721 W Silver St, Memphis, TN 38106
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  /9

  $139,900

  • 2 Beds
  • 2 Baths
  • 939 Sq Ft

  2595 Reese Point Dr, Memphis, TN 38133

  Single Level 2 Bedroom, 2 full Bath with Large Living Room and Gas Logs fireplace, Nice size Eat-in kitchen opens by breakfast bar to Living Room, generous-sized Master Bedroom and walk in Closet and comfortable guest Bedroom or office. Newer Roof, Stove, Dishwasher and Water Heater. SECURITY DOORS FRONT & REAR*, Fenced Backyard. Convenient location!

  Ahmed Feroze The Stamps Real Estate Company

  2595 Reese Point Dr, Memphis, TN 38133
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  /11

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,231 Sq Ft

  745 Kippley St, Memphis, TN 38112

  TENANT-OCCUPIED! DRIVE-BY ONLY! NO SHOWING WITHOUT AN ACCEPTED OFFER! DO NOT DISTURB TENANTS! TENANTS' RIGHTS! This 3 bd/ 1 ba rental property was completely refurbished in 2023, as shown in the pictures. The property is professionally managed, with the current lease expiring in January 2026. The monthly rent is $950. The property is being sold AS-IS, WHERE-IS.

  Allen Noah KAIZEN Realty, LLC

  745 Kippley St, Memphis, TN 38112
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  /25

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,008 Sq Ft

  493 Deerskin Dr, Memphis, TN 38109

  PRIME investment opportunity with this CASHFLOWING property. This brick home features hard surface floors, updated kitchen and bathroom, newer working HVAC, freshly painted interior, large fenced in yard, and gated parking area. House has good size bedrooms with an ideal layout. This property is in great shape and ready to be added to your portfolio. Professional management company already in

  Carlye Tulley eXp Realty, LLC

  493 Deerskin Dr, Memphis, TN 38109
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  /8

  $99,000

  • 3 Beds
  • 2 Baths
  • 1,598 Sq Ft

  2416 Verdun St, Memphis, TN 38114

  Property is being sold in an "as is" condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a

  JERRY EMERSON KING Williams & Williams Real Estate Auctions

  2416 Verdun St, Memphis, TN 38114
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  /16

  $129,800

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

  1148 Rozelle St, Memphis, TN 38106

  Move in ready 3/1 that backs up to Glenview Park! Close to to Cooper-Young! Vacant, easy to show! No owner/creative financing.

  Caleb Parr Renshaw Company, REALTORS

  1148 Rozelle St, Memphis, TN 38106
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  /8

  $85,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  1493 Ragan St, Memphis, TN 38106

  PRICE REDUCTION This is a beautiful brick starter home for your family. Home features 2 bedrooms, living room dining room combo, updated bath, updated kitchen, large back yard, nice enclosed front porch, fenced back yard and single carport with storage space Home is sold "AS IS" Call Broker Bay for appointment

  Greta Jones KAIZEN Realty, LLC

  1493 Ragan St, Memphis, TN 38106
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  /22

  $85,000

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

  2048 Benton St, Memphis, TN 38106

  Charming 2-bedroom, 1-bath home with direct backyard access to The Links at Pine Hill Golf Course! This property is full of potential—perfect for investment or as your next renovation project. Inside, you'll find a separate living room and dining room, laminate flooring in the main living areas, and cozy carpet in the bedrooms. The home also includes washer and dryer connections for added

  Linitra Washington KAIZEN Realty, LLC

  2048 Benton St, Memphis, TN 38106
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  /16

  $145,000

  • 2 Beds
  • 1 Bath
  • 831 Sq Ft

  3515 Vanuys Rd, Memphis, TN 38111

  Charming 2-bedroom, 1-bath home located at 3515 Vanuys Rd, just minutes from the University of Memphis, local restaurants, and shopping. This property features hardwood floors, updated finishes, a detached garage, and a spacious backyard deck for outdoor enjoyment. Approved for the City of Memphis Down Payment Assistance Program, eligible buyers may receive up to $25,000 toward down payment and

  Sabaria Dean Fast Track Realty, LLC

  3515 Vanuys Rd, Memphis, TN 38111
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  /5

  $80,000

  • 2 Beds
  • 1 Bath
  • 600+ Sq Ft

  1428 Smythe Ave Unit 58, Memphis, TN 38114

  OWNER FINANCING AVAILABLE!! Welcome to 1428 Smythe Avenue—a well-maintained 2-bedroom, 1-bath home offering comfort, charm, and functionality. This tenant-occupied property presents a great opportunity for both homeowners and investors, with potential for immediate rental income or future occupancy. Enjoy original hardwood floors, air conditioning and heat, ceiling fans, window coverings, and

  James Wachob Foundation Property Management

  1428 Smythe Ave Unit 58, Memphis, TN 38114
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  /17

  $99,900

  • 4 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  949 W Raines Rd, Memphis, TN 38109

  4-bedroom, 1.5-bath home with brick and vinyl exterior located on a high-traffic, 4-lane road — ideal for buyers needing quick access to major routes or those considering a home-based business. The property offers a functional layout with generous living space and durable exterior finishes. Great potential as a rental or first home. High visibility and easy access make this an excellent

  Rae Ann Stimpson The Carter Group LLC, REALTORS

  949 W Raines Rd, Memphis, TN 38109
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  /2

  $70,000

  • 2 Beds
  • 1 Bath
  • 991 Sq Ft

  2481 Browning Ave, Memphis, TN 38114

  Turnkey 2-bed/1-bath single-family home in 38114, currently tenant-occupied and delivering steady income. Current tenant pays 2 months in advance. Recent improvements include a Professionally managed for hands-off ownership, this property provides immediate returns with long-term upside.

  James Harvey Jr Keller Williams

  2481 Browning Ave, Memphis, TN 38114
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  /2

  $35,000

  • Land
  • 0.12 Acre
  • $291,667 per Acre

  1608 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

  1608 Netherwood Ave, Memphis, TN 38106
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  /2

  $5,500

  • Land
  • 0.17 Acre
  • $32,353 per Acre

  1271 College St, Memphis, TN 38106

  Vacant lot can be viewed anytime. Cleared and ready to build on. The lot can be sold individually or together with 1271 College St, 925 Fold Pl, 1079 Orleans, 1087 Orleans, 1089 Orleans, 1105 Orleans and 0 Azalia St for additional purchase.

  Pam Beall Crye-Leike, Inc., REALTORS

  1271 College St, Memphis, TN 38106
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  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /2

  $5,000

  • Land
  • 0.07 Acre
  • $71,429 per Acre

  0 S 3rd St, Memphis, TN 38103

  Commercial Lot/Land available, great business opportunity.

  Jeff Goff Keller Williams

  0 S 3rd St, Memphis, TN 38103
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  /9

  $140,000

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

  1992 Driftwood Ave, Memphis, TN 38127

  Great Investment Opportunity! This fully rehabbed 3-bedroom, 2-bath home is already tenant-occupied, making it an excellent turnkey investment. Property tours are available only with an accepted offer. Don’t miss out on this income-producing opportunity! Do not disturb tenant

  Erika Dean Agba Crye-Leike, Inc., REALTORS

  1992 Driftwood Ave, Memphis, TN 38127
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  /2

  $78,800

  • Land
  • 0.17 Acre
  • $463,529 per Acre

  1056 Roland St, Memphis, TN 38114

  3 - 50 x 150 Vacant Home Lots - 1056, 1060 and 1064 Roland Street. Ready to build. Seller is a licensed Real Estate Agent

  Chris Garland Crye-Leike, Inc., REALTORS

  1056 Roland St, Memphis, TN 38114
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  /27

  $72,500

  • 1 Bed
  • 1 Bath
  • 870 Sq Ft

  1960 N Parkway Unit 411, Memphis, TN 38112

  A Beautifully maintained 1-bedroom, 1-bath condo HVAC and heat 2024 (HOA Care) water heater 2024 , nestled in the heart of Memphis’ desirable Evergreen Historic District. This top-floor unit offers abundant natural light, hardwood floors, and vintage charm with modern updates. Enjoy a spacious living area, a cozy bedroom retreat, and a well-appointed kitchen perfect for everyday living. Located

  Suliman Hazama KAIZEN Realty, LLC

  1960 N Parkway Unit 411, Memphis, TN 38112
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  /2

  $90,000

  • Land
  • 0.25 Acre
  • $360,000 per Acre

  4539 Weaver Rd SW, Memphis, TN 38109

  TWO (2) PARCELS....OVER 12 ACRES..... GREAT LOCATION FOR BUILDING NEW AFFORDAABLE HOUSING IN SOUTHWEST SHELBY COUNTYT..... EXCELLENT FRONTAGE!!! PRICE REDUCED!!!

  Georgia Torrance Torrance Real Estate

  4539 Weaver Rd SW, Memphis, TN 38109
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  /18

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,255 Sq Ft

  3507 Kimball Ave, Memphis, TN 38111

  Multiple offers, highest & best offer due by Tuesday 12/22/2025 by 5 pm. Three-bedroom one bath home, recent replaced exterior siding, floor plan has living room, den, kitchen, 3 bedrooms (one does not have closet). Property has exterior security doors, Great starter home or investment property.

  Ed Engelke United Real Estate Mid South

  3507 Kimball Ave, Memphis, TN 38111
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  /2

  $124,500

  • 3 Beds
  • 1 Bath
  • 853 Sq Ft

  2575 Dakar Ave, 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

  2575 Dakar Ave, Memphis, TN 38127
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  /9

  $89,900

  • 3 Beds
  • 1 Bath
  • 920 Sq Ft

  504 Elmfield Cove, Memphis, TN 38127

  Nestled on a quiet cove, this beautifully updated home offers fresh paint, brand-new flooring, and modern finishes throughout. Enjoy a spacious layout perfect for family living and entertaining, with plenty of natural light and a welcoming atmosphere. Move-in ready and set in a peaceful, tucked-away location — this gem combines comfort, style, and privacy. Don’t miss your chance to make it yours

  Matt Mitchell Reid, REALTORS

  504 Elmfield Cove, Memphis, TN 38127
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  /7

  $107,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4857 Shayne Ln, Memphis, TN 38109

  Welcome to 4857 Shayne Ln, Memphis, Tennessee 38109! This versatile 3-bedroom, 1-bath home offers a great opportunity for both investors and homeowners. Featuring stylish LVP floors throughout, a spacious living area, and a modern kitchen with sleek white shaker cabinets, it’s a perfect blend of comfort and functionality. Central heating and air ensure year-round comfort, and the large fenced

  James Wachob Foundation Property Management

  4857 Shayne Ln, Memphis, TN 38109
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  /9

  $21,000

  • 3 Beds
  • 1.5 Baths
  • 1,056 Sq Ft

  3072 Saint Croix Place Unit 91, Memphis, TN 38127

  Investor special! This 3 bed, 1.5 bath townhouse is being sold AS-IS and is perfect for those looking to renovate and add value. Some remodeling has already been started, giving you a head start on the transformation. Property needs work and is not move-in ready—ideal for cash buyers only. With the right vision and updates, this home has great potential. Don’t miss this opportunity to bring it

  LaKendrea Hall Epique Realty

  3072 Saint Croix Place Unit 91, Memphis, TN 38127
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  /27

  $68,500

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  232 S Highland St Unit 109, Memphis, TN 38111

  First floor flat with lots of natural light, updated floors ,new carpet and walk in closet. Convenient to Midtown, East Memphis, and I-40; walking distance to University of Memphis. Secure building features gated parking, pool, exercise room, and party room with full kitchen. Priced to sell, and very easy to show.

  Linda Sowell Sowell, Realtors

  232 S Highland St Unit 109, Memphis, TN 38111
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  /2

  $130,000

  • 2 Beds
  • 1.5 Baths
  • 1,404 Sq Ft

  779 Chatwood Cove, Memphis, TN 38122

  Conveniently located duplex with two 2-bedroom, 1.5-bath units, both currently occupied. Great investment opportunity! Combined or individual offers on the units are welcome.

  John Quinn REMAX Experts

  779 Chatwood Cove, Memphis, TN 38122
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  /15

  $74,900

  • 2 Beds
  • 1 Bath
  • 1,050 Sq Ft

  735 Kent St, Memphis, TN 38111

  Discover a classic Orange Mound opportunity with this 2-bedroom, 1-bath home—perfect for investors or buyers looking to bring their renovation vision to life. This property features a charming front porch, a spacious living room, a separate dining room, and a nicely sized kitchen. A rear deck offers additional outdoor space and potential for future upgrades. Located in an established neighborhood

  Ben Strauch Skyline Realty

  735 Kent St, Memphis, TN 38111
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  /2

  $18,500

  • Land
  • 0.23 Acre
  • $80,435 per Acre

  1720 Airways Blvd, Memphis, TN 38114

  Excellent location for new construction. Conveniently located!

  Terrance Hill eXp Realty, LLC

  1720 Airways Blvd, Memphis, TN 38114
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  /2

  $20,000

  • Land
  • 0.38 Acre
  • $52,632 per Acre

  0 Linwood Rd, Memphis, TN 38116

  Michelle Shelton The Peyton Co., Inc., REALTORS

  0 Linwood Rd, Memphis, TN 38116
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  /2

  $5,700

  • Land
  • 0.17 Acre
  • $33,529 per Acre

  722 Harrell St, Memphis, TN 38112

  Prime lot at 722 Harrell St, Memphis, TN 38112, Perfect for SFR new construction. Convenient location, short distance...

  Jonathan Minerick homecoin.com

  722 Harrell St, Memphis, TN 38112
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  /16

  $99,000

  • 4 Beds
  • 2 Baths
  • 2,200+ Sq Ft

  1534 E Raines Rd, Memphis, TN 38116

  Opportunity knocks with this spacious 4-bedroom, 2-bath home located at 1534 E Raines Rd. With over 2,000 square feet of potential, this property is perfect for investors or savvy buyers looking for a renovation project. The home needs repairs and updates throughout and is being sold AS IS—no repairs will be made by the seller.

  Austin Rowe Onward Real Estate

  1534 E Raines Rd, Memphis, TN 38116
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  /2

  $15,000

  • Land
  • 0.14 Acre
  • $107,143 per Acre

  1318 Rayburn St, Memphis, TN 38106

  Lot for sale perfect for building your next investment property. Already has sewer, electrical access, and drains on land. $15,000 for 7 lots is the steal of a lifetime.

  Calvin Mathews Harris & Harris Realty Group

  1318 Rayburn St, Memphis, TN 38106
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  /15

  $85,000

  • 2 Beds
  • 1 Bath
  • 915 Sq Ft

  151 N Belvedere Blvd Unit 4, Memphis, TN 38104

  NEWLY RENOVATED CONDO IN THE HEART OF MIDTOWN. THIS 2 BEDROOM 1 BATH UNIT IS READY FOR IMMEDIATE OCCUPANCY. OPTION TO PURCHASE MULTIPLE UNITS IN THE SAME DEVELOPMEMENT IS AN OPTION. CALL TODAY FOR MORE DETAILS.

  Tonya Mosley Diamond Properties, Inc.

  151 N Belvedere Blvd Unit 4, Memphis, TN 38104
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  /2

  $5,000

  • Land
  • 0.11 Acre
  • $45,455 per Acre

  1342 Latham St, Memphis, TN 38106

  Richard Tatum C21 Patterson & Assoc. Real Es

  1342 Latham St, Memphis, TN 38106
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  /7

  $83,000

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

  2127 Pamela Dr, Memphis, TN 38127

  Great opportunity for investors to add to portfolio. Section 8 Tenant, $932 monthly rent. Great location near new Amazon and Nike plant. Nice brick home with central heat & air. Professionally managed. Call for more information. ***Do Not Disturb Tenant*** All vewing and inspections after contract is in place. Current tenant lease up for renewal Jan. 2026

  LaJuana Miller KAIZEN Realty, LLC

  2127 Pamela Dr, Memphis, TN 38127
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  /13

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  Beautifully updated 3BR/1BA home at 901 Chesterton Rd—currently tenant-occupied and producing rental income. Recent updates include exterior paint; repaired siding, soffit, fascia, porch, and concrete; new exterior lighting; fenced backyard; and refreshed landscaping with new plants and mulch. Interior improvements feature new flooring, drywall and ceiling repairs, fresh paint throughout, updated

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /11

  $85,000

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

  4499 Range Line Rd, Memphis, TN 38127

  Investment Property better than the 1% Rule! Well-maintained 3-bedroom, 1-bathroom home currently leased to a reliable long-term tenant at $895/month, with a renewed lease in place through May 2026. The property underwent a full renovation in 2022, and a new water heater was installed in 2024. Professionally managed, with maintenance records and tenant ledger available upon request. Please do not

  Jeremy Veldman KAIZEN Realty, LLC

  4499 Range Line Rd, Memphis, TN 38127

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