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

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  /11

  $59,000

  • 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

  $88,500

  • 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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  /3

  $119,000

  • 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
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  /37

  $15,900

  • 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

  $90,000

  • 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

  $93,900

  • 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

  $134,500

  • 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
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  /10

  $124,999

  • 3 Beds
  • 1 Bath
  • 868 Sq Ft

  185 Vernelle Ave, Memphis, TN 38109

  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, the upgrades

  Victoria Brown 4 Success Realty, LLC

  185 Vernelle Ave, Memphis, TN 38109
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  /4

  $5,000

  • Land
  • 9,147 Sq Ft
  • $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

  $85,000

  • 2 Beds
  • 1 Bath
  • 874 Sq Ft

  2764 Burns Ave, Memphis, TN 38114

  Investment opportunity. Seller is liquidating her portfolio. Tenant occupied. Please do not disturb tenants. All appts will be made thru the agent. 2 bdrm & 1 Bthrm home with lots of potential. Long term Tenant has been paying $600. a month. She's also selling 2768 Burns Ave. & 2481 Kimball Ave. She will possible offer a package deal. Please call me for more details.

  Francyetta Seward C21 Patterson & Assoc. Real Es

  2764 Burns Ave, Memphis, TN 38114
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  /25

  $144,000

  • 3 Beds
  • 1 Bath
  • 1,599 Sq Ft

  2405 Forest Ave, Memphis, TN 38112

  Charm and character abound throughout this Classic Midtown home where traditional meets Bungalow. The open floor plan is accentuated by tall ceilings, beautiful mill work and gleaming hardwood floors. Home features 3 bedrooms, 1 bath, gracious living spaces, a large updated kitchen with butler's panty, spacious laundry/mudroom, and office. The chef's kitchen provides a gas range, pantry, and

  Jordan Schieffler Ware Jones, REALTORS

  2405 Forest Ave, Memphis, TN 38112
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  /2

  $13,500

  • Land
  • 5,227 Sq Ft
  • $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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  /2

  $60,000

  • 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

  $19,000

  • Land
  • 14,374 Sq Ft
  • $57,576 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

  $126,500

  • 3 Beds
  • 1.5 Baths
  • 1,218 Sq Ft

  1084 Rutland Rd, Memphis, TN 38114

  Price Improvement! Investor special in East Memphis! Ideal for any investor looking for cash flowing properties with little maintenance as home was turnkey in the past few years. Tenant in place paying $1045 and been there for 5 plus years! Current lease ends in September. All capex items replaced in 2020. Call listing agent for details. Access upon accepted offer. Do not disturb tenants.

  Andrew Akins CB Properties of Memphis, LLC

  1084 Rutland Rd, Memphis, TN 38114
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  /34

  $89,900

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  4480 Medley Ln, Memphis, TN 38118

  Turnkey-ready rental or perfect starter! This 3-bed ranch features hardwood flooring, central air, and a functional layout. Low-maintenance exterior and driveway parking. Solid bones, minor finishings needed—priced to move fast.

  Christopher Stjernholm Trelora Realty

  4480 Medley Ln, Memphis, TN 38118
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  /2

  $70,000

  • 3 Beds
  • 1.5 Baths
  • 1,364 Sq Ft

  930 Barbara Dr, Memphis, TN 38108

  Endless potential awaits in this single-family brick home featuring 3 bedrooms plus a bonus room and 1.5 bathrooms, located in the desirable Overton Park View subdivision. Ideal for first-time homebuyers or savvy investors, this property offers a fantastic opportunity to customize and create your dream space. A full renovation is needed, making it the perfect canvas to bring your vision to life.

  Raven Henderson KAIZEN Realty, LLC

  930 Barbara Dr, Memphis, TN 38108
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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

  $99,900

  • 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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  /12

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,076 Sq Ft

  1284 Merrycrest Dr, Memphis, TN 38111

  3 bedroom brick home in move in condition ready for its new owners. Conveniently located to freeway, places of worship and more. Large backyard.Appliances stay. Call your favorite real estate agent today for a private showing. Seller requests only pre approved buyers tour property.

  Monica Mauricio REMAX Experts

  1284 Merrycrest Dr, Memphis, TN 38111
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  /5

  $102,000

  • 3 Beds
  • 1.5 Baths
  • 1,670 Sq Ft

  3382 Frayser School Dr, Memphis, TN 38127

  Solid 3-bedroom, 1.5-bath brick ranch built in 1957 with approximately 1,600 sq ft, featuring hardwood, tile and carpet floors, a carport, and a generous 0.38-acre lot in the vibrant Frayser neighborhood. TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Leased through 01/31/2027 at $1,165/month.

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
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  /2

  $9,000

  • Land
  • 5,662 Sq Ft
  • $69,231 per Acre

  1047 Latham St, 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

  1047 Latham St, Memphis, TN 38106
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  /2

  $18,000

  • Land
  • 8,276 Sq Ft
  • $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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  /24

  $100,000

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3646 Spottswood Ave Unit 9, Memphis, TN 38111

  Come see this 2 bedroom, 1 bath condo near the University of Memphis before school starts! This ground floor, single-story unit is perfect for an owner occupant or an investor. Anchored by the University, property values will always be stable. The previous owner has installed new floors and applied fresh paint throughout. The current owner has replaced the water heater! Allappliances remain. This

  Jenna Williamson Green Bee Real Estate

  3646 Spottswood Ave Unit 9, Memphis, TN 38111
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  /35

  $94,900

  • 3 Beds
  • 2.5 Baths
  • 1,401 Sq Ft

  2495 Hargrove Ave, Memphis, TN 38127

  Welcome to this functional ranch-style home featuring a versatile floor plan and plenty of living space. A proper 11x4 foyer entry leads into the interior, where you will find durable tile flooring throughout the main areas and comfortable carpet in the bedrooms. This residence includes a spacious 15x13 bonus room within the living area, providing extra room for the perfect flex space. The

  Tiffany Jones Trelora Realty

  2495 Hargrove Ave, Memphis, TN 38127
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  /17

  $49,900

  • 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

  $79,900

  • 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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  /2

  $12,500

  • Land
  • 3,049 Sq Ft
  • $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
  • 32,234 Sq Ft
  • $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

  $114,800

  • 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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  /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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  /2

  $20,000

  • Land
  • 11,325 Sq Ft
  • $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

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,663 Sq Ft

  777 S Prescott St, Memphis, TN 38111

  Calling all investors, tenant occupied property currently rented at $1345 a month with lease sending 04/30/2026, with professional management in place. Add this spacious 3 bed/ 2 bath home with garage to your investment portfolio for only 150k in East Memphis.

  Amanda Kirkman KAIZEN Realty, LLC

  777 S Prescott St, Memphis, TN 38111
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  /2

  $9,500

  • Land
  • 5,662 Sq Ft
  • $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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  /4

  $94,900

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

  4550 Spring Glen Dr, Memphis, TN 38128

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $835/month. The lease ends on 02/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4550 Spring Glen Dr, Memphis, TN 38128
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  /11

  $89,999

  • 4 Beds
  • 1 Bath
  • 1,514 Sq Ft

  1617 Maplewood St, Memphis, TN 38108

  Investor Special - Memphis Rental Property under $100k!! Investor opportunity in Memphis! This is 4 bedroom, 1 bathroom home with over 1500 sq ft offers strong rental potential and is idea for investors seeking larger single-family rentals. Homes of this size commonly rent in the $1,200 to $1,350 range, providing solid long-term income potential. Property features Spacious floor plan with

  Adrian Henning KAIZEN Realty, LLC

  1617 Maplewood St, Memphis, TN 38108

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