South Memphis Homes under $200,000

This 3 bed, 2 bath home offers peace of mind with a brand-new roof, HVAC, water heater, exterior paint, privacy fence, and all-new kitchen appliances. The layout features two oversized bedrooms, including one with double closets and a spacious walk-in. Enjoy the generous backyard, perfect for relaxing, entertaining, or letting kids and pets play. Seller is open to including large furniture items

Gloria De Leon Fast Track Realty, LLC

Fully Renovated & Move-In Ready! Don't miss this beautifully renovated 3-bedroom, 2-bath home that checks all the boxes! From the brand-new plumbing and electrical systems to the new roof, flooring, cabinets, new windows, and new HVAC unit (to be installed before closing)—this home offers peace of mind and modern comfort. The seller has thoughtfully added a second bathroom, making this an ideal

Melody Martin 4 Success Realty, LLC

Investors don’t miss this charming home that blends comfort, convenience, and value! Step into the enclosed front screen porch—perfect for relaxing year-round. Inside, you’ll find three spacious bedrooms and two full bathrooms, along with beautiful hardwood flooring throughout. The home features a brand-new HVAC unit and new vinyl windows, offering energy efficiency and peace of mind. Enjoy the

Area Mays KAIZEN Realty, LLC

This home has been renovated and ready for a new owner. It has three bedrooms and one and a half bathrooms. Located on a corner lot.

Esther Guy BenchMark REALTORS, LLC

BACK ON THE MARKET!!! NO FAULT OF THE SELLER OR THE PROPERTY!! LOOK NO MORE! WHAT A GREAT INVESTMENT TO ADD TO YOUR PORTFOLIO. COMPLETELY RENOVATED DUPLEX! Both sides occupied with a positive monthly income $1,348. 1yr lease in place for both tenants. Both sides were completely renovated in June 2024. New kitchen, flooring, bathrooms, paint, water heaters, HVAC systems. This one won't last! NO

Stephanie Moss BEST Real Estate Company

$0 Down Payment Required for Qualified Buyers! Updated 3 Bed, 2 Bath Home with Carport, $130,000, 1540 Sq Ft. Whether you're a first-time homebuyer or a savvy investor, this charming 3-bedroom, 2-bath home is a must-see! Priced at $130,000 and offering 1,540 sq ft of living space, this property is move-in ready with updates throughout, and the home recently appraised at $148,000! Do not disturb

Courtney Staples Keller Williams

Investor Opportunity!!! Bring all Offers!! Cash flow rental property with tenants already!! Long term tenants have a garden. The first level is 3 bedrooms and Bath, the second level (below) is 4 bedrooms and Bath. DO NOT DISTURB TENANTS, NO SHOWINGS WITHOUT ACCEPTED OFFER, NO WHOLESALE/ASSIGNMENT OF CONTRACT OFFERS. PROOF OF FUNDS!!!! No repairs, as-is. No sign in yard

Cheryl Henderson-Banks Crye-Leike, Inc., REALTORS

Welcome to this charming 3-bedroom, 2.5-bath home located in a quiet, desirable neighborhood! The property features a spacious layout, perfect for both everyday living and entertaining. Enjoy the convenience of an open kitchen and dining area, a large living room with plenty of natural light, and a cozy backyard for relaxation or gatherings. The master bedroom includes full bath, while the two

Ali Nawaz KAIZEN Realty, LLC

AS-IS opportunity for investors. This is a great cash-flowing property! The large home has been converted into a rooming house. Fully rented, this property can generate approximately $5,000 per month in cash flow.

Virgil Pryor Harris Realty Services

Great Investment property, Great Income earning property! 3 Bedroom 2 Bath home.

Jeff Goff Keller Williams

Check out this super cute 2 bedroom, 2 full bathroom home located in the heart of South Memphis—just minutes from downtown! Perfect for a first-time homebuyer or savvy investor, this property is already tenant-occupied with a lease in place through August 2025, offering immediate rental income potential. Recent updates make this home even more attractive! Prime location near downtown Tenant lease

Chinna Prude-Anderson C21 Patterson & Assoc. Real Es

Step into this freshly renovated 3-bedroom, 2-bath home where every detail has been thoughtfully updated. Featuring brand-new cabinets, modern flooring, and a bright, inviting layout, this home is perfect for those looking for style and comfort. With renovated bathrooms and a fresh, neutral color palette throughout, all that’s left is to move in and make it yours.

Jonathan Nunez Fast Track Realty, LLC

Investors—Add This One to Your Portfolio! This well-maintained brick home is located just minutes from the downtown area. It features three bedrooms, one bathroom, a new roof, and new windows, offering peace of mind and reduced maintenance costs. Tenant-occupied—please do not disturb. This property is a solid investment opportunity with strong potential for rental income.

Area Mays KAIZEN Realty, LLC

INVESTORS ONLY! Tenant occupied property being marketed to investors. This home could be a wonderful addition to your portfolio. Home was substantially renovated in 2022 with a new HVAC system and several other upgrades in Spring 2025 and is currently rented at $1025 per month. This property is professionally managed (lease, ledger, repair history available upon request). This property is

Tyler Tapley Crye-Leike, Inc., REALTORS

Newly renovated in 2024, this 3 bedroom/ 2 full bath home is a MUST SEE! A yard lover's dream with plenty of room for backyard entertaining or patio relaxation. Great for 1st time homebuyers or investors. Tenant occupied until August 2025 @ $1200/mth. Please do not disturb the tenant. Call agent for showings prior to August 2025. Sentrilock Box will be available August 2025, appointments through

Toyraine Smith Grand Point Realty, LLC

Turnkey Investment Opportunity! This beautifully updated single-family home is leased to a dependable long-term tenant at $1,000/month through June 2026. Renovations completed in April 2022 include a brand new roof, AC condenser, furnace & A-coil, water heater, plus a modern kitchen and remodeled bathrooms. Professionally managed with well-documented maintenance and tenant history. Showings with

Jeremy Veldman KAIZEN Realty, LLC

Welcome to your dream home reimagined! This beautifully remodeled residence blends modern elegance with timeless charm, offering the perfect balance of comfort, style, and functionality. Featuring 3 bedrooms and 2 full bathrooms. New flooring, Cabinets, all updated bathrooms and much more. Schedule a showing today!

Ali Nawaz KAIZEN Realty, LLC

Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in

Tyler Tapley Crye-Leike, Inc., REALTORS

Beautifully updated duplex offering 4 bedrooms and 2 bathrooms across a total of 1,325 sqft. Located just a short 3-minute drive from McKellar Lake, this property combines convenience with charm. Each side has been thoughtfully renovated with brand new vinyl flooring, modern tile work, and fully updated bathrooms. Fresh paint inside and out enhances its curb appeal, while new windows provide

Kevin Gioia Beycome Brokerage Realty LLC

This fully renovated 4-bedroom, 2-bathroom home is a true gem in the up-and-coming Soulsville neighborhood. From brand new siding and fresh exterior paint to updated plumbing, electrical, and flooring, every detail has been thoughtfully upgraded. The remodeled kitchen features modern finishes while the luxury bathrooms offer high end tile and a walk in shower in the primary. With four new

Tyler Bowman Weichert, REALTORS-BenchMark

Modern elegance meets affordable luxury in this architectural gem with soaring ceilings, glass stair railings, and designer finishes. The inimitable master suite features a wine & coffee bar and opens to a resort-style swim-out pool. Enjoy a gourmet kitchen with custom cabinetry, high-end appliances, and a bold statement island, while sunlit living spaces and rich textures create a warm,

Ralph Harvey List With Freedom.Com, Inc.

INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No

Tyler Tapley Crye-Leike, Inc., REALTORS

Tenant in place for instant cash flow—this turnkey investment offers prime access to highways, schools, and shopping, making it ideal for small families and high rental demand. Recent upgrades include a brand-new HVAC system with updated ductwork and thermostat, a refreshed kitchen with new countertops, sink, faucet, and shelving, and modernized bathrooms with updated fixtures and tile flooring.

James Wachob Foundation Property Management

Investors Only. Tenant occupied property for sale! Don't disturb tenants! Rehabbed Home. Rent is $1200/mo. Could be a great addition to your rental portfolio if you are an investor. Seller selling multiple properties in addition to this property and some of the homes have Section 8 tenants (Government Subsidized) with guaranteed rents in place (please ask and verify prior to making offer)!

Tyler Tapley Crye-Leike, Inc., REALTORS

Investors Only. Tenant occupied property for sale! Don't disturb tenants! Rehabbed Home. Rent is $1500/mo. Could be a great addition to your rental portfolio if you are an investor. Seller selling multiple properties in addition to this property and some of the homes have Section 8 tenants (Government Subsidized) with guaranteed rents in place (please ask and verify prior to making offer)!

Tyler Tapley Crye-Leike, Inc., REALTORS

Totally renovated, 3br, 3 full ba home with tons of upgrades. New plumbering throughout, new electric wiring throughout, new windows, except lv rm and dn rm. New flooring in kit, hallway and living area in guest house. New cabinets, countertops, doors, blinds, vanities, and ceiling fans, and light fixtures. Also marble tile in the baths. The roof is only 2yrs old, The heat and AC units are new.

Leroy Watkins Crye-Leike, Inc., REALTORS

Beautiful brand new home! Hard to find 4 bedrooms on one floor! Quality built with above average features including: solid wood, soft close cabinets; quartz countertops; ceramic tile kitchen backsplash; ceramic tile around bath tubs; satin nickel fixtures; ceiling fans; 2 inch vinyl blinds; flood lights; recessed lights; pendant lights and mini chandelier! Maintenance free floors! Fenced yard!

Jimmie Tapley Crye-Leike, Inc., REALTORS

*Amazingly Affordable New Construction 3 Beds and 2 Baths Discover this rare opportunity to own a brand new home in the heart of the 38106 zip code, set for completion soon! This charming home offers 3 bedrooms and 2 full baths, perfect for modern living. Enjoy an open-concept floor plan featuring a spacious living area that flows seamlessly into the kitchen, which boasts a large island with

Tina Smith PottersHouse Realty, LLC