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

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  /13

  $118,500

  • 3 Beds
  • 1 Bath
  • 1,147 Sq Ft

  223 Charter Ave, Memphis, TN 38109

  Investor's Dream! Don't miss this newly renovated (2023) income producing property featuring 3 bedrooms and 1 bathroom. Currently tenant occupied at $1,000 per month, with the lease in place through November 30, 2026, providing immediate cash flow for investors. Conveniently located within walking distance of public transportation, grocery stores, and nearby schools, including Geeter K-8 School

  Raven Henderson KAIZEN Realty, LLC

  223 Charter Ave, Memphis, TN 38109
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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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  /7

  $149,000

  $20K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,149 Sq Ft

  5013 Scheibler Rd Unit C5, Memphis, TN 38128

  Rare opportunity to own a private cottage in the highly sought-after Atrium & Cottages at Lutheran Village, a vibrant 55+ independent living community. This well-maintained home features spacious living areas, a flexible bonus room ideal for an office, hobby room, or potential third bedroom, plus a private patio and attached garage. Enjoy a worry-free lifestyle with HOA amenities that include

  Michael Bryan Bryan Realty Group

  5013 Scheibler Rd Unit C5, Memphis, TN 38128
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  /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
• 

  

  

  /23

  $110,000

  • 4 Beds
  • 1.5 Baths
  • 2,176 Sq Ft

  1817 Baldwin Ave, Memphis, TN 38127

  Whether you're looking to expand your investment portfolio or purchase your first home, this property is worth a look! This spacious 4-bedroom, 1.5-bath home is conveniently located just minutes from Millington and sits on a generously sized corner lot. Inside, you'll find neutral paint colors throughout, a large den, a separate living room, and a dedicated laundry room, offering plenty of space

  Verna Littleton Fast Track Realty, LLC

  1817 Baldwin Ave, Memphis, TN 38127
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  /10

  $95,000

  • 3 Beds
  • 1 Bath
  • 888 Sq Ft

  1510 Gausco Rd, Memphis, TN 38106

  *ROOF LESS THAN 2 YEARS OLD*, Nicely renovated and move-in ready! This charming 3-bedroom, 1-bath brick home features updates throughout, including fresh paint, updated flooring, an attractive kitchen, and a beautifully refreshed bathroom. Enjoy low-maintenance brick construction, a spacious yard, and a convenient location close to schools, shopping, and major roadways. Perfect for first-time

  Jessie Lucas Niter & Associates

  1510 Gausco Rd, Memphis, TN 38106
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  /2

  $47,300

  • Land
  • 6,534 Sq Ft
  • $315,333 per Acre

  863 Maury St, Memphis, TN 38107

  Rarely available corner lot 50 x 135 in Vollintine Evergreen area, close to Crosstown marketplace. Reasonably priced, and will consider best offer.

  Sam Hanks Broker South Realty

  863 Maury St, Memphis, TN 38107
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  /24

  $79,900

  • 3 Beds
  • 1 Bath
  • 1,282 Sq Ft

  5246 Lochinvar Dr, Memphis, TN 38116

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  5246 Lochinvar Dr, Memphis, TN 38116
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  /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
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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

  $84,900

  $10K PRICE DROP

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

  4413 Bluebell St, Memphis, TN 38109

  Currently leased at$1,050/month on a month to month term. Investor-ready opportunity in a consistent Memphis rental market. This well-maintained home features a functional layout with comfortable living spaces, durable finishes, and good natural light throughout. Recent updates enhance efficiency and help reduce ongoing maintenance. The kitchen offers ample cabinetry and practical flow, while the

  James Wachob Foundation Property Management

  4413 Bluebell St, Memphis, TN 38109
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  /19

  $94,900

  $10K PRICE DROP

  • 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.

  Carl Purifoy Trelora Realty

  3272 Egypt Central Rd, Memphis, TN 38128
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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

  $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

  $123,299

  $7K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 868 Sq Ft

  185 Vernelle Ave, Memphis, TN 38109

  Improved Pricing: Turnkey ready. Tenant occupied paying $1225. 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

  Victoria Brown 4 Success Realty, LLC

  185 Vernelle Ave, Memphis, TN 38109
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  /12

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,209 Sq Ft

  1167 Fiber Rd, Memphis, TN 38109

  Excellent investment opportunity featuring 4 bedrooms, 2 bathrooms, and approximately 1,209 sq ft of living space. This property offers strong rental potential with estimated monthly income ranging from $1,150–$1,275. A great option for investors looking to add cash-flow potential to their portfolio. Spacious layout, solid income opportunity, and long-term investment value make this property one

  James Johnson Crestcore Realty, LLC

  1167 Fiber Rd, Memphis, TN 38109
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  /3

  $102,000

  • 3 Beds
  • 1.5 Baths
  • 1,029 Sq Ft

  3996 Mountain Terrace St, Memphis, TN 38127

  This inviting home features 3 bedrooms, 1.5 bathrooms, and a 2-car attached carport with a functional layout designed for everyday living. The spacious living areas provide flexibility for relaxing, entertaining, or creating a home office or hobby space. With its practical floor plan and excellent potential, this home is ready for you to make it your own with a little TLC. More photos coming -

  Vicki Testerman Mainstay Brokerage, LLC

  3996 Mountain Terrace St, Memphis, TN 38127
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  /2

  $30,500

  $42K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 992 Sq Ft

  1483 Swift St, Memphis, TN 38109

  BACK ON MARKET: 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

  $1K PRICE DROP

  • 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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  /8

  $99,900

  $20K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,599 Sq Ft

  4178 Crain Rd, Memphis, TN 38128

  Great opportunity for investors or buyers. Split level home offers solid potential for renovation & future upside. Property is being sold as is. Proof of funds required with all offers. BUYER'S AGENT TO PAY A $200.00 OFFER MANAGEMENT FEE AT CLOSING OF ANY ACCEPTED OFFER.

  Courtney Read Vylla Home

  4178 Crain Rd, Memphis, TN 38128
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  /14

  $76,500

  • 2 Beds
  • 2 Baths
  • 1,232 Sq Ft

  1748 Kansas St, Memphis, TN 38109

  Terrific opportunity to own this duplex and the one next to it! Each side is 1 bedroom & 1 bathroom plus a den area (total of 2 bedrooms and 2bathrooms per duplex) plus seller is selling the duplex next door as well (1744-1746 Kansas). You can buy all four doors/dwellings for an outstanding price. Solid brick construction which means low maintenance exterior. Cash offers only. Estimated market

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1748 Kansas St, Memphis, TN 38109
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  /13

  $123,900

  $1K PRICE DROP

  • 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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  /2

  $109,000

  • 4 Beds
  • 2 Baths
  • 1,769 Sq Ft

  635 Mcwhirter Ave, Memphis, TN 38127

  BOTH UNITS ARE TENANT OCCUPIED!!! DO NOT DISTURB THE TENANTS!!!! All offers must be accepted prior to any inspections. Please call the listing agent for information and showing instructions. 635 McWirter cureently rents for $600 a month and 637 McWhirter rents for $785 a month. Offer instructions are in the documents tab. Listing agent to hold earnest money.

  Henry Booth Omni, REALTORS

  635 Mcwhirter Ave, Memphis, TN 38127
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  /13

  $94,900

  $5K PRICE DROP

  • 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

  $7K PRICE DROP

  • 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. Seller says roof replaced 2020, Windows replaced 2021, Electrical 2024, A/C 2019. Move-in ready.

  Monica Mauricio REMAX Experts

  1284 Merrycrest Dr, Memphis, TN 38111
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  /5

  $99,000

  $6K PRICE DROP

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

  3382 Frayser School Dr, Memphis, TN 38127

  Currently leased at $1,165/month through 01/31/2027. Well-maintained investment property featuring a newer roof, updated HVAC, refreshed kitchen, durable flooring, and updated baths. Convenient to Frayser-Corning Elementary, Grandview Heights Middle, Trezevant High, Superlo Foods, Frayser Village Shopping Center, Frayser Park, Interstate 40, and major employers including Amazon and Nike

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
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  /15

  $115,000

  • 4 Beds
  • 2 Baths
  • 1,318 Sq Ft

  1339 N Mcneil St, Memphis, TN 38108

  Beautifully updated 4-bedroom, 2-bath home in an established neighborhood featuring a versatile floor plan with one bedroom downstairs with a Jack-and-Jill bath, plus three bedrooms and bath upstairs. This move-in-ready home has over $60,000 in renovations, including a renovated kitchen, renovated upstairs bathroom and updated downstairs bathrooms, new roof, new central heating system, new water

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  1339 N Mcneil St, Memphis, TN 38108
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  /2

  $10,000

  $8K PRICE DROP

  • Land
  • 8,276 Sq Ft
  • $52,632 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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  /27

  $28,000

  • 4 Beds
  • 2 Baths
  • 1,056 Sq Ft

  2483 Winnona Ave, Memphis, TN 38108

  This property is a true investor special and a full-rehab opportunity, being sold strictly AS-IS. Requiring extensive cosmetic, interior, and mechanical renovations, this home offers a blank canvas for investors looking to maximize value. A complete cleanup and full renovation are needed, making it an excellent fit for experienced fix-and-flip investors, landlords, or contractors seeking their

  Henry Pineda Fast Track Realty, LLC

  2483 Winnona Ave, Memphis, TN 38108
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  /26

  $60,000

  • 2 Beds
  • 1 Bath
  • 1,032 Sq Ft

  810 N 7th St, Memphis, TN 38107

  Great investment opportunity in Memphis’ Uptown area! This 2-bedroom, 1-bath home features a roof approximately 5 years old and a water heater approximately 3 years old. Surrounded by ongoing development and revitalization, the property offers excellent potential for investors looking to renovate, rent, or hold for future appreciation. Vacant and easy to show—schedule your showing today!

  Elliot Cerezo The Home Partners Realty

  810 N 7th St, Memphis, TN 38107
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  /2

  $12,500

  $8K PRICE DROP

  • 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

  $6,950

  • Land
  • 3,920 Sq Ft
  • $77,222 per Acre

  1414 Nicholas St, Memphis, TN 38107

  With affordable prices, prime location near downtown, and a neighborhood full of history + growth potential, this slice of heaven is the perfect spot to design your future from the ground up. pc# 039018 00024 Midtown is leveling up! A $310M project from Mississippi Boulevard Christian Church + Meharry Medical College is coming soon.

  Karen Walker Epique Realty

  1414 Nicholas St, Memphis, TN 38107
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  /2

  $42,500

  $3K PRICE DROP

  • Land
  • 32,234 Sq Ft
  • $57,432 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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  /26

  $115,000

  • 2 Beds
  • 2 Baths
  • 1,343 Sq Ft

  475 N Highland St Unit 10K, Memphis, TN 38122

  Welcome to Fairway Towers! This 10th-floor northwest-facing unit has magnificent balcony views overlooking the Chickasaw Country Club. Balcony access from living room, 2nd bedroom and Primary BR! This spacious end unit 2BR/2BA condo has been freshly painted. Fairway Towers offers 24-hour on-site security, gated parking, pool with covered patio and grilling area, fitness center, party/conference

  Derek Howell Hobson, REALTORS

  475 N Highland St Unit 10K, Memphis, TN 38122
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  /14

  $89,900

  $25K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  1532 Silver St, Memphis, TN 38106

  Property has been vandalized. Cash or hard money only. Will need all systems replaced. Selling as-is

  Caleb Parr Renshaw Company, REALTORS

  1532 Silver St, Memphis, TN 38106
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  /36

  $129,900

  $10K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,725 Sq Ft

  3391 Seaforth Dr, Memphis, TN 38127

  Spacious 4 bedroom, 1-bath brick home in Memphis. Featuring over 1,800 sq ft of living space, this residence includes a functional kitchen, cozy fireplace, and a versatile layout with a separate dining room. Enjoy a large, fenced backyard with a patio and an attached 1-car garage. Conveniently located near local schools and amenities. Perfect for those needing extra space and flexibility!

  Thee Gaines Trelora Realty

  3391 Seaforth Dr, Memphis, TN 38127
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  /17

  $39,900

  • 4 Beds
  • 1 Bath
  • 1,008 Sq Ft

  243 1st Ave, Memphis, TN 38109

  Property has lots of upside potential for investment either for rental or rehab & sell. Property is sold "as is" for cash. No financing offers will be accepted. No wholesalers, assignments or blind offers. Property is vacant and easy to show. Contact Broker Bay or listing agent for access information. Property has central heat, hardwood floors & walk-out basement.

  Lowell Brister Leco Realty, Inc.

  243 1st Ave, Memphis, TN 38109
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  /11

  $99,900

  • 4 Beds
  • 2 Baths
  • 1,260 Sq Ft

  2789 Alpena Ave, Memphis, TN 38127

  INVESTORS ONLY! Tenant occupied 4 bed 2 bath home being offered at a great price. Currently rented at $1075/mo. This could be a great addition to your rental portfolio. Home is professionally managed (lease, ledger, repair history available upon request). Make all offers contingent on interior access (no showings until an accepted offer). No sign in the yard. Please do not disturb or approach the

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2789 Alpena Ave, Memphis, TN 38127
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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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  /15

  $89,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,123 Sq Ft

  4530 Spring Valley Dr, Memphis, TN 38128

  Welcome to this move-in-ready 3-bedroom, 1-bathroom traditional ranch-style home in Memphis. Featuring a durable brick veneer exterior and 1,123 sq. ft. of efficient living space, this residence offers a perfect blend of comfort and utility. The interior boasts a mix of classic hardwood and durable tile flooring throughout. The property sits on a spacious 0.18-acre lot, providing a large backyard

  Thee Gaines Trelora Realty

  4530 Spring Valley Dr, Memphis, TN 38128

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