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

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  /16

  $124,900

  • 3 Beds
  • 1 Bath
  • 925 Sq Ft

  1018 Goodman St, Memphis, TN 38111

  Beautiful 3 bedroom, 1 bathroom home with a functional layout and plenty of charm. Features include spacious living areas, updated finishes, and a bright kitchen with ample cabinet space. Enjoy a large backyard perfect for entertaining, relaxing, or pets. Conveniently located near shopping, dining, and schools. Great opportunity for a first time buyer, investor, or anyone looking for affordable

  Crystal Mitchell Renshaw Company, REALTORS

  1018 Goodman St, Memphis, TN 38111
• 

  

  /2

  $22,500

  $1K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $204,545 per Acre

  801 Cella St, Memphis, TN 38114

  Great lot! Ready to build your next home or investment property.

  Crystal Mitchell Renshaw Company, REALTORS

  801 Cella St, Memphis, TN 38114
• 

  

  

  /20

  $139,100

  • 2 Beds
  • 1.5 Baths
  • 1,103 Sq Ft

  5906 Noyes Ct Unit 4, Memphis, TN 38119

  Super cute condo in gated community. Move-in ready! Freshly Painted Throughout and an updated deck. This charming home has a new HVAC system and fresh new blinds throughout. Located in a welcoming community with a recently renovated neighborhood pool. You'll love the neighborhood's friendly vibe and planned activities like BBQ's and holiday dinners. Don't miss your chance to own a home that's not

  Alli Clark Keller Williams

  5906 Noyes Ct Unit 4, Memphis, TN 38119
• 

  

  

  /22

  $145,900

  $14K PRICE DROP

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

  1531 Netherwood Ave, Memphis, TN 38106

  The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 6.91% and a monthly cash flow of $247.36. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring,

  James Wachob Foundation Property Management

  1531 Netherwood Ave, Memphis, TN 38106
• 

  

  /2

  $100,000

  • 2 Beds
  • 1 Bath
  • 797 Sq Ft

  1658 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 $850.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  1658 Sailors St, Memphis, TN 38108
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  /32

  $89,900

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,080 Sq Ft

  4686 Gill Rd, Memphis, TN 38109

  Welcome to your dream abode nestled in the heart of Memphis, TN! This charming single-story, 3-bedroom home offers a comfortable and convenient lifestyle with modern comforts and plenty of room to grow. Step inside where an inviting living space seamlessly flows into a cozy dining area, perfect for family gatherings or entertaining friends. The kitchen boasts ample cabinetry and counter space,

  Alexis Martz Trelora Realty

  4686 Gill Rd, Memphis, TN 38109
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  /33

  $80,000

  • 2 Beds
  • 1 Bath
  • 1,248 Sq Ft

  2601 Jackson Ave, Memphis, TN 38108

  Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The

  Michael Valenza eXp Realty, LLC

  2601 Jackson Ave, Memphis, TN 38108
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  /2

  $90,000

  $20K PRICE DROP

  • Land
  • 11.53 Acres
  • $7,806 per Acre

  4487 Weaver Rd S, Memphis, TN 38109

  EXCELLENT FOR NEW HOME CONSTRUCTION........GREAT FRONTAGE ON WEAVER ROAD......(2) PARCELS ALMOST 12 ACRES.... .25 ACRES ALREADY CLEARED AND READY FOR BUILDING.

  Georgia Torrance Torrance Real Estate

  4487 Weaver Rd S, Memphis, TN 38109
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  /2

  $12,500

  • Land
  • 6,969 Sq Ft
  • $78,125 per Acre

  664 E Alston Ave, Memphis, TN 38126

  Prime land opportunity! Discover the perfect spot for your next project! This spacious lot offers endless possibilities | whether you're looking to build your dream home, invest, or develop. Located in a desirable area with easy access to amenities, this is a rare opportunity you don't want to miss! Contact us today for details! Owner / Agent

  James Wachob Foundation Property Management

  664 E Alston Ave, Memphis, TN 38126
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  /31

  $89,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 976 Sq Ft

  624 Mohawk Ave, Memphis, TN 38109

  Move-in ready 3BR/1BA gem in Chickasaw Village! Featuring fresh paint, updated kitchen and bath, and classic hardwood floors. This efficient layout offers a low-maintenance crawl space foundation and central HVAC. Perfectly situated near T.O. Fuller State Park—ideal for first-time buyers or investors seeking a turnkey rental.

  Alexis Martz Trelora Realty

  624 Mohawk Ave, Memphis, TN 38109
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  /27

  $149,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,456 Sq Ft

  4386 Melwood St, Memphis, TN 38109

  Looking for a move-in ready home with updates, space, and exciting growth all around? This beautifully updated 4-bedroom, 2-bath home in the heart of Westwood is one you don't want to miss! ? Features Include: ?? Renovated kitchen with modern finishes ?? Updated bathrooms ?? Brand new roof ?? Spacious floor plan ?? Huge yard perfect for entertaining, gardening, or family gatherings ?? Covered

  Cassandra Bell-Warren 4 Success Realty, LLC

  4386 Melwood St, Memphis, TN 38109
• 

  /2

  $7,000

  $4K PRICE INCREASE

  • Land
  • 4,356 Sq Ft
  • $70,000 per Acre

  1491 Oriole St, Memphis, TN 38108

  Great opportunity to build home. Area surrounded by new development. This property was purchased on a tax sale. Being sold as a vacant lot.

  Connie Farina C21 Home First, REALTORS

  1491 Oriole St, Memphis, TN 38108
• 

  /2

  $121,900

  • 3 Beds
  • 2 Baths
  • 1,182 Sq Ft

  765 Grand St, Memphis, TN 38114

  All investors are invited to review the property located at 765 Grand Street, Memphis, TN 38114. The lender has approved a new buyer to assume the existing loan. The property consists of 3 bedrooms and 2 bathrooms. Please note that the home is currently unfinished from the remodel. The seller prefers to sell the property as-is. The listing open to the idea roll in the seller commission into deal

  Trevor Day My Casa My House

  765 Grand St, Memphis, TN 38114
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  /5

  $103,000

  • 3 Beds
  • 1.5 Baths
  • 1,078 Sq Ft

  5357 Cosmos Cove, Memphis, TN 38118

  Investor Special! This 3 bedroom, 1.5 bath property offers a great opportunity for investors or buyers looking to add value. Home needs cosmetic updates and is priced below market to reflect the work needed to bring it back to life. Spacious layout with strong potential for rental income or resale. Tenant currently occupies the property and is scheduled to vacate at the end of June 2026, making

  Cassandra Bell-Warren 4 Success Realty, LLC

  5357 Cosmos Cove, Memphis, TN 38118
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  /36

  $104,900

  $20K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 2,666 Sq Ft

  61 E Fernwood Ave, Memphis, TN 38109

  Discover the enduring appeal of this 1940s-built 1.5-story residence, a 2 bed (with bonus rm!) 2 ba home that stands as a testament to quality craftsmanship and thoughtful design. Spanning a versatile layout on a level lot framed by mature perimeter trees, this well maintained property boasts gorgeous original hardwood flooring throughout the main level, creating a warm and timeless aesthetic.

  Christopher Stjernholm Trelora Realty

  61 E Fernwood Ave, Memphis, TN 38109
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  /2

  $25,000

  • Land
  • 3,920 Sq Ft
  • $277,778 per Acre

  995 Seattle St, Memphis, TN 38114

  Vacant 40x100 lot in the Rozelle neighborhood. Flat lot and ready to build on. R-6 (H) zoning. Two other lots in the neighborhood also listed.

  Rob Thompson Bluff City Realty Group, LLC

  995 Seattle St, Memphis, TN 38114
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  /4

  $12,500

  $14K PRICE DROP

  • Land
  • 14,810 Sq Ft
  • $36,765 per Acre

  3550 Orchi Rd, Memphis, TN 38108

  Lots available for your spring building program! Approx 10 lots are available in this area. Call Listing Agent for complete list. Buyer to do all due diligence, sold AS-IS WHERE-IS

  Dawn Kinard Welch Realty, LLC

  3550 Orchi Rd, Memphis, TN 38108
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  /3

  $129,900

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

  3465 Spottswood Ave, Memphis, TN 38111

  Terrific investment opportunity! Professionally managed and tenant occupied home for sale. Hard to find 3 bedroom 2 bathroom home with bonus room (at this price point). Currently rented for $950/mo with a $950 security deposit on file (rental upside since it is a 3/2 with a bonus room). Lease ends 2/28/26. Home is steps away from the University of Memphis and is a great long term hold. Values are

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3465 Spottswood Ave, Memphis, TN 38111
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  /6

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,300 Sq Ft

  287 George St, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $995 per month and is on a lease from 10/01/2025 - 09/30/2026. 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

  287 George St, Memphis, TN 38109
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  /8

  $88,500

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  2034 Driftwood Ave, Memphis, TN 38127

  INVESTERS ONLY. Tenant occupied property being marketed to investors. This can be a great addition to your rental portfolio. Property is Professionally managed by Reedy and Company. This 2 bed 1bath home is rented at $925/mo. Many homes in this area are being rehabbed and sold for more money. No sign. PLEASE DO NOT APPROACH OR DISTURB TENANT. Make all offers contingent on an interior inspection.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2034 Driftwood Ave, Memphis, TN 38127
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  /2

  $12,500

  • Land
  • 5,662 Sq Ft
  • $96,154 per Acre

  2530 Calvert Ave, Memphis, TN 38108

  Prime land opportunity! Discover the perfect spot for your next project! This spacious lot offers endless possibilities | whether you're looking to build your dream home, invest, or develop. Located in a desirable area with easy access to amenities, this is a rare opportunity you don't want to miss! Contact us today for details! Owner / Agent

  James Wachob Foundation Property Management

  2530 Calvert Ave, Memphis, TN 38108
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 3,049 Sq Ft
  • $109,286 per Acre

  0 Mississippi Blvd, 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

  0 Mississippi Blvd, Memphis, TN 38106
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  /2

  $25,000

  $15K PRICE INCREASE

  • Land
  • 3,920 Sq Ft
  • $277,778 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

  $79,900

  $10K PRICE DROP

  • 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
• 

  

  /15

  $109,900

  • 2 Beds
  • 1 Bath
  • 808 Sq Ft

  1443 Wrenwood St, Memphis, TN 38122

  Move-in ready 2 bed, 1 bath home located in the Nutbush area of Memphis. This well-maintained property features easy maintenance with LVP flooring and some recent updates throughout, offering a functional layout and comfortable living spaces. Enjoy a nice, flat yard with ample space for outdoor activities and entertaining. Ideal opportunity for investors or owner-occupants, including first-time

  Michael Valenza eXp Realty, LLC

  1443 Wrenwood St, Memphis, TN 38122
• 

  

  /21

  $84,900

  • 3 Beds
  • 1 Bath
  • 930 Sq Ft

  3749 Wolf Trail Dr, Memphis, TN 38128

  Welcome to this charming property tucked away on Wolf Trail Dr in Memphis. This well-maintained residence offers a comfortable single-story layout with spacious living areas, natural light, and practical functionality throughout. The cozy kitchen provides ample cabinet space and flows easily into the dining area, making everyday living and entertaining convenient. Generously sized bedrooms offer

  Alexis Martz Trelora Realty

  3749 Wolf Trail Dr, Memphis, TN 38128
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  /2

  $55,000

  $55K PRICE DROP

  • Land
  • 35,719 Sq Ft
  • $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
• 

  /2

  $10,000

  • Land
  • 7,405 Sq Ft
  • $58,824 per Acre

  1197 Wilson St, Memphis, TN 38106

  Residential lot located in Memphis. Great opportunity for new construction or investment property. Convenient access to schools, shopping, dining, and major roadways.

  Jonathan Minerick homecoin.com

  1197 Wilson St, Memphis, TN 38106
• 

  /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
• 

  

  /11

  $119,000

  $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,584 Sq Ft

  564 W Peebles Rd, Memphis, TN 38109

  TWO FOR ONE SPECIAL! Front house is 2bed 1bath, PLUS there is a rear detached 1bed 1bath unit rented for $400/mo. Seller has done a lot of repairs/upgrades in main home including: New Kitchen (new countertops, new tile, new cabinets) fresh interior/exterior paint, new flooring, upgraded bathrooms. Home qualifies for special 100% financing for owner occupant buyers. FHA/VA/Conventional offers

  Tyler Tapley Crye-Leike, Inc., REALTORS

  564 W Peebles Rd, Memphis, TN 38109
• 

  

  /15

  $75,000

  $18K PRICE DROP

  • 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
• 

  

  /3

  $109,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 874 Sq Ft

  906 Wrenwood St, Memphis, TN 38122

  Great investment opportunity. No creative finance offers. No sign in yard. Property is 2 bedrooms, 1 bathroom, spacious living room that opens to dining area. Property has hardwood floors throughout. Ceilings are smooth. Large fenced backyard! Seller prefers and As-Is Sale.

  Jon Dickens The Firm

  906 Wrenwood St, Memphis, TN 38122
• 

  

  /10

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,577 Sq Ft

  244 N Bellevue Blvd, Memphis, TN 38105

  Tenant occupied. Please do not disturb tenant. Showings by appointment only. Contact listing agent for additional information, showing instructions, and lease details. Charming 1925 bungalow featuring 3 bedrooms, 1 bath, approximately 1,577 SF, original hardwood floors, built-in bookshelves, decorative fireplace, sunroom, and spacious living areas. Conveniently located near Midtown, Downtown,

  Palmer Gardner CrestCore Realty MphsBrokerage

  244 N Bellevue Blvd, Memphis, TN 38105
• 

  

  /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
• 

  /2

  $90,000

  $5K PRICE DROP

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

  4413 Bluebell St, Memphis, TN 38109

  This property is leased at$1,050/month on a month to month term ($12,600 annually), with a cash-on-cash return of 7.00% and a monthly cash flow of $190.56. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a consistent Memphis rental market. This well-maintained home features a functional layout with comfortable living spaces, durable

  James Wachob Foundation Property Management

  4413 Bluebell St, Memphis, TN 38109
• 

  

  /19

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,044 Sq Ft

  3272 Egypt Central Rd, Memphis, TN 38128

  Charming 3-bedroom, 1-bath, with another non-conforming room, home in Memphis featuring a functional floor plan, spacious living area, covered parking, and a generously sized lot. Conveniently located near shopping, dining, schools, and major roadways.

  Tiffany Jones Trelora Realty

  3272 Egypt Central Rd, Memphis, TN 38128
• 

  /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
• 

  

  /16

  $134,500

  • 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
• 

  

  /20

  $115,000

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 945 Sq Ft

  3597 Bayliss Ave, Memphis, TN 38122

  Wonderful 3 bedroom 1 bathroom home that was just renovated and being offered at a great price! Home has recently refinished hardwood floors, large fenced backyard (very pet friendly with plenty of room to play and relax), new interior paint, exterior repairs, painted front porch, brand new dishwasher, brand new stove and several other amenities! Roof and water heater are estimated to be less

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3597 Bayliss Ave, Memphis, TN 38122
• 

  

  /10

  $123,699

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 868 Sq Ft

  185 Vernelle Ave, Memphis, TN 38109

  Improved Pricing: This fully renovated home delivers modern comfort and standout value from the moment you arrive. Inside, you’ll find an updated kitchen with fresh finishes, a remodeled bathroom, and brand-new LVP flooring that ties the space together with a clean, contemporary feel. The entire home (interior and exterior) has been painted, giving it a crisp, like-new look throughout. Outside,

  Victoria Brown 4 Success Realty, LLC

  185 Vernelle Ave, Memphis, TN 38109

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