Memphis, TN Homes for Sale under $200,000

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  /37

  $122,000

  • 1 Bed
  • 1 Bath
  • 944 Sq Ft

  475 N Highland St Unit 3H, Memphis, TN 38122

  AS IS SALE, Bank Owned Asset ---Welcome to 475 N Highland St #3H in the heart of Memphis! This well-maintained unit offers the perfect blend of comfort, convenience, and low-maintenance living. Featuring a spacious layout with abundant natural light, this home is ideal for both homeowners and investors alike. Enjoy a bright and inviting living area, a functional kitchen with ample cabinet space,

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 295-5044

  475 N Highland St Unit 3H, Memphis, TN 38122
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• 

  

  

  /39

  $137,500

  $3K PRICE INCREASE

  • 2 Beds
  • 1.5 Baths
  • 1,322 Sq Ft

  6320 Kirby Downs Dr, Memphis, TN 38115

  Check out this Beautifully renovated Corner lot , 2-Bedroom, 1.5 bath, 2 Story home located in the highly sought after East Memphis area. This home features Living Room/ Dinning Room Combo, Eat in Kitchen , brand new appliances and a spacious great room with a cozy fireplace, perfect for entertaining. The laundry area is conveniently located upstairs, adding ease to everyday life and living.

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 657-3868

  6320 Kirby Downs Dr, Memphis, TN 38115
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  /31

  $158,999

  $1K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,129 Sq Ft

  809 Merrywood Dr Unit 4, Memphis, TN 38117

  Move-In Ready with Unmatched Value in Audubon Square! Step into this light-filled 2-bedroom, 2-bath upstairs condo in the highly desirable Audubon Square community. The open-concept layout creates a welcoming flow from the living and dining areas to a private balcony — a perfect spot to unwind or entertain. The spacious primary suite offers a double-door entry, two generous closets, and a private

  

  Zachary Churchey

  Churchey Realty

  (901) 883-6046

  809 Merrywood Dr Unit 4, Memphis, TN 38117
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  /40

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  1535 Standridge St, Memphis, TN 38108

  Turnkey move-in ready duplex for sale in 38108! Each side has 2 bed/1 bath units and can be rented as high as $750/month creating an opportunity for $1,500/month in gross rental income which exceeds the 1% rule! Great opportunity for building your portfolio with massive cashflow or a house-hack for those starter investors looking to offset their mortgage payment using VA or FHA with little to

  

  Jordan Ray

  eXp Realty, LLC

  (901) 668-7641

  1535 Standridge St, Memphis, TN 38108
• 

  

  

  /19

  $155,000

  • 3 Beds
  • 2 Baths
  • 1,466 Sq Ft

  2535 Clearpark Dr, Memphis, TN 38127

  Affordable 3-bedroom, 2-bathroom home in the Frayser area ready for you!!! Enjoy comfortable living, a spacious layout, and a large backyard perfect for entertaining, pets, or family gatherings. This is your opportunity to enter into homeowneership with room to grow. HVAC and hot water heater will be installed once under contract. Do not wait for long as it may be gone!!!

  

  Randell Richmond

  eXp Realty, LLC

  (901) 403-8544

  2535 Clearpark Dr, Memphis, TN 38127
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  /14

  $190,000

  • 3 Beds
  • 1 Bath
  • 1,246 Sq Ft

  3094 Park Ave, Memphis, TN 38111

  Completely renovated 3-bedroom, 1-bath home loaded with updates and modern features! This move-in ready property offers spacious walk-in closets, a separate laundry room, upstairs storage space, and ceiling fans throughout. Enjoy added peace of mind with a security system that includes Ring cameras, window sensors, and motion detectors — all conveying with the home. Exterior features include a

  

  Katrina Smith

  Keller Williams

  (901) 472-2526

  3094 Park Ave, Memphis, TN 38111
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  /30

  $189,900

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  3402 Lakeview Rd, Memphis, TN 38116

  Renovated & move-in ready! This updated 4BR/2BA home features over 1,600 sq ft eat in kitchen & breakfast bar. Enjoy new floors, fresh paint, updated baths, windows, roof, HVAC & more. Sitting on 0.76 acres, there’s room to create your dream outdoor space. The list price is $195,900, contact me or have your agent contact me to see how a first time homebuyer can get into this home for $146,925.

  

  Charlene Bailey

  Bespoke Realty

  (901) 621-8088

  3402 Lakeview Rd, Memphis, TN 38116
• 

  

  /19

  $117,000

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 992 Sq Ft

  2158 Pueblo Ave, Memphis, TN 38127

  Take advantage of powerful homebuyer programs that can make ownership more affordable than ever, including potential 0% down payment options & first-time buyer assistance through CCM Smart Start with up to $5,250 available as a grant that does not have to be repaid. Located in one of the quietest pockets of Frayser in 38127, this move-in ready 3-bedroom, 1-bath home offers just under 1,000 square

  

  Jordan Ray

  eXp Realty, LLC

  (901) 660-5595

  2158 Pueblo Ave, Memphis, TN 38127
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  /37

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  1531 Standridge St, Memphis, TN 38108

  Turnkey move-in ready duplex for sale in 38108! Each side has 2 bed/1 bath units and can be rented as high as $750/month creating an opportunity for $1,500/month in gross rental income which exceeds the 1% rule! Great opportunity for building your portfolio with massive cashflow or a house-hack for those starter investors looking to offset their mortgage payment using VA or FHA with little to

  

  Jordan Ray

  eXp Realty, LLC

  (901) 899-1159

  1531 Standridge St, Memphis, TN 38108
• 

  

  /16

  $199,901

  • 3 Beds
  • 2 Baths
  • 1,300 Sq Ft

  4208 Given Ave, Memphis, TN 38122

  Charming Home in the Heart of East Memphis with proximity to extremely sought after school system! Welcome to 4208 Given Ave — a beautifully maintained 3-bedroom, 1.5-bath home nestled in a quiet, established neighborhood. This inviting property offers plenty of character and comfort, featuring spacious living areas and an easy-flow layout perfect for everyday living. Enjoy the outdoors with a

  

  Dylan Johnson

  901, REALTORS

  (901) 780-7730

  4208 Given Ave, Memphis, TN 38122
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  /26

  $160,000

  • 3 Beds
  • 1 Bath
  • 1,110 Sq Ft

  2969 Danville Rd, Memphis, TN 38118

  This stunning 1,110-square-foot residence has been updated to offer a superior living experience. Featuring 3 bedrooms & 1 full bathroom on a 0.19-acre lot, this home is the ultimate find for first-time buyers or investors seeking a turnkey rental acquisition. The interior shines with basic modern finishes, while the exterior provides a spacious, fully fenced-in backyard. Located in a

  

  Jordan Ray

  eXp Realty, LLC

  (901) 660-2038

  2969 Danville Rd, Memphis, TN 38118
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  /11

  $105,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft

  1075 Kney St, Memphis, TN 38107

  This is a perfect starter home / Investment property. Home has been renovated and is move in ready! 3 bedrooms/1 bathroom. First month's rent waived!! Book a tour today!

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 582-7113

  1075 Kney St, Memphis, TN 38107
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  /34

  $149,900

  $5K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 831 Sq Ft

  109 N Main St Unit 806, Memphis, TN 38103

  This eighth floor condo offers amazing views of the city. A brand new renovated kitchen, 2026. Plenty of space and hardwood floors. This historic building has a multitude of amenities, including an indoor pool, elevator access, and rooftop lounging with stunning views of the Memphis bridge and the city skyline.

  

  Chasity Blackburn

  Blackburn & Co

  (901) 617-4515

  109 N Main St Unit 806, Memphis, TN 38103
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  /21

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,325 Sq Ft

  1461 Boxwood St, Memphis, TN 38108

  TENANT OCCUPIED 1 SIDE, DO NOT DISTURB TENANT AT 1461 BOXWOOD. Property is rented for $650/month & the lease is month-to-month. Cash tenant. Copy of the lease available upon request. No showings at 1461 Boxwood without an accepted contract. Make offers contingent on inspection. 1463 Boxwood is vacant and available for showings. Great opportunity for building your portfolio with massive cashflow

  

  Jordan Ray

  eXp Realty, LLC

  (901) 459-5312

  1461 Boxwood St, Memphis, TN 38108
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  /22

  $140,000

  • 2 Beds
  • 1.5 Baths
  • 1,150 Sq Ft

  1220 Chamberlain Dr Unit 4, Memphis, TN 38119

  Great Condo in East Memphis' Chatham Village, the upstairs flat has 2 bed/ 1.5 bath LR DR outdoor covered patio/deck. Convenient t to St Francis, Regalia Park Place This condo has new paint, new floors, an open kitchen, gated parking, is clean and ready to move in. Community laundry room on site for your use. Private covered patio for outdoor living just off the living room.

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 250-8595

  1220 Chamberlain Dr Unit 4, Memphis, TN 38119
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  /27

  $174,901

  • 3 Beds
  • 1 Bath
  • 1,426 Sq Ft

  1468 Faxon Ave, Memphis, TN 38104

  Amazingly located just a block of Memphis' famous Greenline, very close to the CrossTown Concourse, Rhodes College and Overton Park. NEW Roof, hardwood floors throughout with room to grow: RARE walk-in attic AND basement. Enjoy cooking out on your back deck, or peacefully read in your front porch. Property is cleared and contractor ready. Priced to sell. 360 Tours and videos available upon

  

  Pablo Pereyra

  901, REALTORS

  (901) 716-9103

  1468 Faxon Ave, Memphis, TN 38104
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  /17

  $109,000

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,100 Sq Ft

  1448 Menager Rd, Memphis, TN 38106

  This home has been renovated and has lots of space. Directly behind Hamilton High School. This property is great for a family or investor.

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 883-7341

  1448 Menager Rd, Memphis, TN 38106
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  /31

  $199,900

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,057 Sq Ft

  850 N Willett St, Memphis, TN 38107

  1927 Midtown bungalow with refinished hardwood floors throughout and a functional 4-bedroom layout. Main level includes the primary bedroom plus a second bedroom, full bath (partially renovated), living room, family room, and a large separate dining room. Kitchen features eat-in space, gas cooking, new butcher block countertops, a new farmhouse sink, and ceiling fan. Butler’s pantry with laundry

  

  Chasity Blackburn

  Blackburn & Co

  (901) 445-9412

  850 N Willett St, Memphis, TN 38107
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  /24

  $140,000

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,872 Sq Ft

  1093 N Watkins St, Memphis, TN 38107

  SELLER WILL REPLACE ROOF! Spacious 4-bedroom, 2-bath home offering 1,872 square feet on a 0.22-acre lot in Memphis. This property features two large living areas, providing flexibility for entertaining, relaxing, or creating separate functional spaces. One living room includes a bar area that opens toward the kitchen, enhancing the layout and overall flow. Original hardwood floors add character

  

  Jordan Ray

  eXp Realty, LLC

  (901) 472-7123

  1093 N Watkins St, Memphis, TN 38107
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  /19

  $163,000

  $11K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 792 Sq Ft

  2263 Young Ave Unit 212, Memphis, TN 38104

  Welcome to 2263 Young Ave #212, a stylish & low-maintenance condo located in the iconic Pie Factory Condos in the heart of Memphis’ vibrant Cooper-Young District. This 1 bedroom, 1 bath condo offers 792 square feet of comfortable living space with an open layout designed for easy living & entertaining. Inside you'll find a bright living area, functional kitchen, and a spacious bedroom retreat.

  

  Amanda Lester

  NextHome Cornerstone Realty

  (901) 472-3272

  2263 Young Ave Unit 212, Memphis, TN 38104
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  /23

  $174,900

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,542 Sq Ft

  1009 McEvers Rd, Memphis, TN 38111

  Just minutes from the University of Memphis. The property features a handicap-accessible front ramp, offering added convenience and accessibility. Rental Details: ?? Market Rent: $1,260/month ?? Section 8 Welcome: Approved rental rate up to $1,780 ? Accessibility: Handicap ramp at front entrance ?? Location Perk: Near the University of Memphis ?? Type: Single-family residential home This home is

  

  Austin Hall

  Evernest Too, LLC

  (901) 698-3839

  1009 McEvers Rd, Memphis, TN 38111
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  /2

  $160,000

  $25K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,654 Sq Ft

  1505 Netherwood Ave, Memphis, TN 38106

  This well built home is spacious, has a long driveway with a two car carport. Ideal for a family needing space. Four bedrooms / two bathrooms, kitchen with separate dining, move in ready!

  

  Leaser Coleman

  Empire Realty, LLC

  (901) 589-4777

  1505 Netherwood Ave, Memphis, TN 38106
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  /30

  $130,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 899 Sq Ft

  3759 Mccain Rd, Memphis, TN 38109

  NEW ROOF! NEW HVAC! NEW FLOORS! NEW KITCHEN! NEW BATHROOM! NEW WATER HEATER! HUGE CORNER LOT!! FRESHLY REMODELED!!! Beautifully updated 3-bed/1-bath home offering 899 square feet in the desirable West Valley subdivision of Memphis. Located in a quiet neighborhood with friendly neighbors, this move-in ready home has been completely remodeled from the inside out with major upgrades already

  

  Jordan Ray

  eXp Realty, LLC

  (901) 673-7570

  3759 Mccain Rd, Memphis, TN 38109
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  /20

  $160,000

  $20K PRICE DROP

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

  1592 Southern Ave, Memphis, TN 38114

  Beautifully renovated 3-bedroom, 2-bath home located near the vibrant Cooper-Young area. This charming property features modern updates throughout and a newly installed wooden privacy fence in the back of the property-perfect for relaxing or entertaining. Don't miss this move-in ready gem in a prime location!

  

  Randell Richmond

  eXp Realty, LLC

  (901) 668-5891

  1592 Southern Ave, Memphis, TN 38114
• 

  

  /21

  $130,000

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft

  2217 Clayton Ave, Memphis, TN 38108

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,100/month total gross monthly rent. Unit 1 (2217) is rented for $550/month. Cash tenant. Unit 2 (2219) is rented for $550/month. Cash tenant. Copy of leases available upon request. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with

  

  Jordan Ray

  eXp Realty, LLC

  (901) 589-7067

  2217 Clayton Ave, Memphis, TN 38108
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  /27

  $179,901

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  740 Shotwell St, Memphis, TN 38111

  Only two blocks away from the University of Memphis Campus, this centrally located brick home is close to shopping, schools, restaurants, golf and parks. Why rent when you can buy? Qualifies for FHA, VA and Conventional financing . Equal Housing Opportunity.

  

  Pablo Pereyra

  901, REALTORS

  (901) 657-5576

  740 Shotwell St, Memphis, TN 38111
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  /36

  $110,000

  • 2 Beds
  • 2 Baths
  • 1,008 Sq Ft

  2253 Marble Ave, Memphis, TN 38108

  TENANT OCCUPIED 1 SIDE, DO NOT DISTURB TENANT AT 2253 MARBLE. Property is rented for $595/month & the ends May 31st, 2027. Cash tenant. Copy of the lease available upon request. No showings at 2253 Marble without an accepted contract. Make offers contingent on inspection. 2255 Marble is vacant and available for showings. Great opportunity for building your portfolio with massive cashflow or a

  

  Jordan Ray

  eXp Realty, LLC

  (901) 445-7087

  2253 Marble Ave, Memphis, TN 38108
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  /13

  $139,999

  $10K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,014 Sq Ft

  1898 Poplar Woods Cir E, Germantown, TN 38138

  Welcome home to this well-maintained, move-in ready townhouse in the heart of Germantown. Fresh interior paint and well-maintained carpet create a clean, inviting feel throughout. The functional floor plan features two spacious bedrooms upstairs, while the main level offers a convenient half bath and in-unit laundry for everyday ease. Ideally located near dining, shopping, and entertainment, this

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 350-2256

  1898 Poplar Woods Cir E, Germantown, TN 38138
• 

  /2

  $101,080

  • 2 Beds
  • 1 Bath
  • 784 Sq Ft

  4233 Riviera Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-9952

  4233 Riviera Rd, Memphis, TN 38108
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  /2

  $116,000

  $13K PRICE DROP

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

  823 Par Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $1,100/mo. Professionally managed. Lease expires on 3/18/26.

  

  Caleb Hall

  Keller Williams

  (901) 621-8434

  823 Par Ave, Memphis, TN 38127
• 

  /2

  $125,000

  $9K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 940 Sq Ft

  724 N Holmes St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 12/31/2026. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 657-6446

  724 N Holmes St, Memphis, TN 38122
• 

  /2

  $159,000

  $43K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,001 Sq Ft

  1481 Stacey St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $860 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 621-4629

  1481 Stacey St, Memphis, TN 38108
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  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  3817 Chelsea Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 499-2962

  3817 Chelsea Ave, Memphis, TN 38108
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  /2

  $105,070

  • 2 Beds
  • 1 Bath
  • 772 Sq Ft

  3740 E Mallory Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-5925

  3740 E Mallory Ave, Memphis, TN 38111
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  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,079 Sq Ft

  3437 Vernon Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 621-5607

  3437 Vernon Ave, Memphis, TN 38122
• 

  /2

  $146,300

  • 3 Beds
  • 1 Bath
  • 1,074 Sq Ft

  1771 Wells Station Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 329-8645

  1771 Wells Station Rd, Memphis, TN 38108
• 

  

  /15

  $124,500

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,155 Sq Ft

  5096 Belfast Dr, Memphis, TN 38127

  Great-looking rehab - perfect for a first-time buyer (ask about USDA financing) or a smart investment opportunity. The seller has completed major updates, including a brand-new dimensional roof, fresh interior and exterior paint, new A/C condenser and furnace A-coil, updated fans and light fixtures, plus a new stove, microwave, and hot water tank. Enjoy a separate laundry room and freshly

  

  Steve Boysen

  Crye-Leike, Inc., REALTORS

  (901) 563-4987

  5096 Belfast Dr, Memphis, TN 38127
• 

  /2

  $168,910

  • 3 Beds
  • 2 Baths
  • 1,230 Sq Ft

  4248 Truman Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $925 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 445-6814

  4248 Truman Ave, Memphis, TN 38108
• 

  

  /10

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,432 Sq Ft

  760 Garland St, Memphis, TN 38107

  Solid brick bungalow with genuine character that's increasingly hard to find at this price point. Natural stone columns anchor a covered front porch, and the oversized front deck adds functional outdoor living space rarely seen on comparable homes. Inside, the craftsmanship speaks for itself -- tall dark wood baseboards, bold crown molding, and original wood door casings frame every room with a

  

  Christy Cj Pace

  Pace Probity Asset Management

  (901) 657-1032

  760 Garland St, Memphis, TN 38107
• 

  /2

  $113,000

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

  646 Semple Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $850/mo. Professionally managed. Lease expires on 12/31/25.

  

  Caleb Hall

  Keller Williams

  (901) 617-7502

  646 Semple Ave, Memphis, TN 38127

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