Memphis, TN Homes for Sale under $200,000

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  /2

  $6,000

  $2K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $35,294 per Acre

  268 W Mckellar Ave, Memphis, TN 38109

  

  Tonya McDowell

  The Stamps Real Estate Company

  268 W Mckellar Ave, Memphis, TN 38109
• Explore Memphis

• 

  

  /2

  $144,000

  • 2 Beds
  • 1 Bath
  • 1,244 Sq Ft

  3358 Coleman Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $800 a month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3358 Coleman Ave, Memphis, TN 38122
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  /2

  $129,000

  $24K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 696 Sq Ft

  1799 Walter St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $850 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  1799 Walter St, Memphis, TN 38108
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  /21

  $168,500

  $11K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,817 Sq Ft

  2303 Saint Elmo Ave, Memphis, TN 38127

  Welcome home to this beautifully updated property offering over 1,800 sq. ft. of living space with extensive improvements throughout! Recent upgrades includee new subflooring in the living room and hallway, new LVP flooring throughout, and new tile flooring in the bathrooms. Both bathrooms feature new toilets, vanity, and faucets. The kitchen has been refreshed with new butcher block countertops

  

  Randell Richmond

  eXp Realty, LLC

  2303 Saint Elmo Ave, Memphis, TN 38127
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  /2

  $155,610

  • 3 Beds
  • 1 Bath
  • 1,053 Sq Ft

  1664 Helsley Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $925 with a lease expiration of 08/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1664 Helsley Rd, Memphis, TN 38108
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  /11

  $124,900

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,165 Sq Ft

  194 E Biscayne Rd, Memphis, TN 38109

  VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease

  

  Alissa Anderson

  KAIZEN Realty, LLC

  194 E Biscayne Rd, Memphis, TN 38109
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  /23

  $99,000

  • 2 Beds
  • 2 Baths
  • 1,535 Sq Ft

  2928 Overton Crossing St, Memphis, TN 38127

  Investor opportunity being sold AS-IS. 2-bedroom, 2-bath home requiring repairs and renovation. Property offers potential for investors, rehabbers, or buyers seeking a value-add project. In need of roughly 25k-35k of cosmetic repairs Do not disturb tenants

  

  Reginald Harris

  Harris Realty Services

  2928 Overton Crossing St, Memphis, TN 38127
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  /26

  $52,000

  $6K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 962 Sq Ft

  2397 Shasta Ave, Memphis, TN 38108

  This property is being SOLD AS IS. Great Property with Good Bones and Perfect for Invest Property is rented for or, Cash Flowing; $850 per month. Property was built as a Duplex and could be converted at some point. Property is rented. ***DO NOT DISTURB TENANT*** A Soft rehab was done when the Seller Purchased it. No Wholesalers, No Assignments, No Seller Financing and No Creative Financing and No

  

  Tara Woodley

  Zach Taylor Real Estate

  2397 Shasta Ave, Memphis, TN 38108
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  /2

  $113,050

  • 2 Beds
  • 1 Bath
  • 997 Sq Ft

  1009 Hudson St, Memphis, TN 38112

  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

  1009 Hudson St, Memphis, TN 38112
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  /24

  $160,000

  $10K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,094 Sq Ft

  1008 S Willett St, Memphis, TN 38114

  Don't miss out on this updated/renovated 4 bedroom, 1 bath home. Featuring fresh paint inside and out, a completely new kitchen and bathroom, along with LVP throughout, this home is move-in ready and waiting on you. Centrally located, it has fast access to the interstate, Central Gardens, Midtown, Cooper-Young, and Glenview areas, with Downtown only a few more minutes away. Whether you're looking

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  1008 S Willett St, Memphis, TN 38114
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  /12

  $100,000

  • 4 Beds
  • 1.5 Baths
  • 1,138 Sq Ft

  1001 Canary Ln, Memphis, TN 38109

  Forget the "fixer-upper" nightmares—this is a Fresh Start. Once a disaster zone, this property has been stripped of the junk and prepped for a total transformation. We’ve cleared the canvas so you can paint the profit. The Heavy Lifting is Done: New Roof & Eaves: Recently replaced to seal the envelope and protect your investment. Clean Slate: All broken appliances, rotted cabinets, and old

  

  Jason Miller

  eXp Realty, LLC

  1001 Canary Ln, Memphis, TN 38109
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  /5

  $160,000

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

  278 Hewlett Rd, Memphis, TN 38109

  Welcome to this spacious four-bedroom, one-and-a-half-bath brick home offering approximately 1,400 square feet of comfortable living space. The inviting floor plan provides plenty of room to relax, gather and make the space your own. Currently leased through June 30, 2027, this property presents an excellent opportunity for investors looking to add an income-producing home to their portfolio.

  

  Caleb Hall

  Keller Williams

  278 Hewlett Rd, Memphis, TN 38109
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  /2

  $158,270

  • 4 Beds
  • 2 Baths
  • 1,779 Sq Ft

  3045 Allison Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $650 & $675 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3045 Allison Ave, Memphis, TN 38112
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  /2

  $47,000

  $8K PRICE DROP

  • 2 Beds
  • 1 Bath

  2001 Belmar St, Memphis, TN 38106

  Great for investors. Roof is under 2 years of age. Property vacant so just go and show.

  

  Nicole Sykes

  The Home Partners Realty

  2001 Belmar St, Memphis, TN 38106
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  /2

  $176,890

  • 2 Beds
  • 1 Bath
  • 1,315 Sq Ft

  3604 Coleman Ave, Memphis, TN 38122

  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

  3604 Coleman Ave, Memphis, TN 38122
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  /4

  $25,000

  • Land
  • 1.93 Acres
  • $12,953 per Acre

  1307 W Raines Rd, Memphis, TN 38109

  Take a look at this parcel of land the possibilities are unlimited the land is walkable and can be cleared off ! build your dream home or build multiple homes your choice drive by and take a look and start planning. Need a builder let me know. Drive by and call me for details

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  1307 W Raines Rd, Memphis, TN 38109
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  /6

  $90,000

  $5K PRICE DROP

  • Land
  • 2,613 Sq Ft
  • $1,500,000 per Acre

  1394 Club Gardens Place, Memphis, TN 38104

  Recently developed Luxury Gated Townhome Community located in the heart of Midtown Memphis. Lots 1 and 2 are sold together listed at $90,000 each and selling for a total Sales Price of $180,000.00. Street Addresses are 1394 Club Gardens for LOT 1 and 1396 Club Gardens for LOT 2. Subdivision Restrictions require the homes on Lot 1 and Lot 2 to be constructed at the same time. See Plans attached in

  

  Skip Miller

  Morris Realty & Auction, LLC

  1394 Club Gardens Place, Memphis, TN 38104
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  /37

  $30,000

  $12K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,108 Sq Ft

  2157 Wabash Ave, Memphis, TN 38114

  AS IS Sale-Calling all Investors and Flippers! This 3-bedroom, 1.5-bath home is packed with potential and located on a quiet dead-end street, offering privacy and minimal traffic. Perfect for your next renovation project or buy-and-hold investment. This property needs work but has solid upside for the right buyer. Home features One Full Bath + 1 Half Bath, located on Quiet Dead End Street, Great

  

  Tara Woodley

  Zach Taylor Real Estate

  2157 Wabash Ave, Memphis, TN 38114
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  /2

  $151,620

  • 3 Beds
  • 2 Baths
  • 1,516 Sq Ft

  1669 Villa 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

  1669 Villa Rd, Memphis, TN 38108
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  /2

  $46,000

  • 2 Beds
  • 2 Baths
  • 1,079 Sq Ft

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118

  Motivated seller! Bring all offers! This nice 2-bedroom, 2-bathroom condo offers a spacious and functional layout. The unit features an open living room and dining room area, kitchen, in-unit laundry, and ample natural light throughout. Both bedrooms are generously sized. Property need some work.

  

  Vashti Parson

  C21 Patterson & Assoc. Real Es

  4721 Queens Lace Ct Unit 56, Memphis, TN 38118
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  /2

  $4,000

  • Land
  • 6,969 Sq Ft
  • $25,000 per Acre

  358 E Lucy Ave, Memphis, TN 38106

  

  Africa McCloy

  Crye-Leike, Inc., REALTORS

  358 E Lucy Ave, Memphis, TN 38106
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  /2

  $172,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  4082 Rhodes Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,100 a month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4082 Rhodes Ave, Memphis, TN 38111
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  /20

  $166,000

  $4K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,025 Sq Ft

  2885 Clearbrook St, Memphis, TN 38118

  Beautifully renovated 3-bedroom, 1-bath home offering 1,025 square feet of move-in-ready living space on an oversized 0.38-acre lot in desirable Parkway Village. The classic red brick exterior, fresh sod, and expansive front yard create outstanding curb appeal. Inside, you'll find tile flooring, a brand-new kitchen with new microwave and dishwasher, and a fully renovated bathroom featuring

  

  Jordan Ray

  eXp Realty, LLC

  2885 Clearbrook St, Memphis, TN 38118
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  /2

  $174,230

  • 3 Beds
  • 1 Bath
  • 1,226 Sq Ft

  1006 Gordon St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,200 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1006 Gordon St, Memphis, TN 38122
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  /15

  $140,000

  • 3 Beds
  • 2 Baths
  • 893 Sq Ft

  3981 Hammett Dr, Memphis, TN 38109

  Newly remodeled and move-in ready, this charming 3-bedroom, 2-bath home offers a comfortable space. Enjoy a fresh, updated feel throughout, with improvements including a new roof, new flooring, fresh interior and exterior paint, new bathrooms, and an updated kitchen. Warm, welcoming, and ready for you to make it home!

  

  Africa McCloy

  Crye-Leike, Inc., REALTORS

  3981 Hammett Dr, Memphis, TN 38109
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  /20

  $97,000

  $18K 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

  1075 Kney St, Memphis, TN 38107
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  /35

  $120,000

  • 2 Beds
  • 1 Bath
  • 1,454 Sq Ft

  3960 Pikes Peak Ave, Memphis, TN 38108

  Spacious 2-bedroom home offering exceptional storage and flexible living space! The oversized family room features a cozy fireplace and three large closets, providing endless possibilities for additional living, hobby, or workspace. Built-in lighted cabinetry and multiple walk-in closets throughout the home add abundant storage and organization. Enjoy relaxing on the welcoming front porch or the

  

  Sherry Harbur

  Harbur Realty

  3960 Pikes Peak Ave, Memphis, TN 38108
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  /10

  $99,901

  • 3 Beds
  • 1 Bath
  • 895 Sq Ft

  4215 Boyce Ave, Memphis, TN 38111

  Amazing opportunity under 100K. Why rent when you can own? 3 bedroom 1 bath home in then heart of 38111. Equal housing opportunity. Se habla espanol.

  

  Pablo Pereyra

  901, REALTORS

  4215 Boyce Ave, Memphis, TN 38111
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  /17

  $160,000

  • 3 Beds
  • 1.5 Baths
  • 1,100 Sq Ft

  3637 Neely Rd, Memphis, TN 38109

  Fantastic opportunity to add a solid income-producing property to your investment portfolio! This tenant-occupied home is currently leased for $1,440 per month, providing immediate rental income from day one. Offering a great combination of convenience, location, and investment potential, this property is an excellent option for investors looking to expand their portfolio with an

  

  Caleb Hall

  Keller Williams

  3637 Neely Rd, Memphis, TN 38109
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  /10

  $99,901

  • 3 Beds
  • 1.5 Baths
  • 1,139 Sq Ft

  3183 Benjestown Rd, Memphis, TN 38127

  Rare investment opportunity to buy under 100K. Currently rented through 2027. Recently updated and renovated. Property is being offered as a package of 3 properties, all under 100K each.

  

  Pablo Pereyra

  901, REALTORS

  3183 Benjestown Rd, Memphis, TN 38127
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  /18

  $67,900

  $2K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,140 Sq Ft

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122

  Welcome to market 3981 Grahamdale Circle in the Grahamwood community. This low-maintence 2-bedroom, 2-bath home offers 1140 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar and

  

  Raychel Day

  Renshaw Company, REALTORS

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122
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  /3

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,901 Sq Ft

  3562 Fuller Rd, Memphis, TN 38118

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Nice 4/2 sits on two lots currently rented for $1150/months. House is in great condition. Showings only with an accepted offer. Tenant is month to month. No wholesalers, no assignments, no creative financing or subject to offers please. Seller also selling 1023 Springdale, 1373 Semmes unit 2 & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  3562 Fuller Rd, Memphis, TN 38118
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  /21

  $159,000

  $8K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,303 Sq Ft

  3681 Natalie Dr, Memphis, TN 38128

  Welcome to 3681 Natalie Dr., a beautifully maintained 3-bedroom, 2-bath home featuring a desirable split floor plan that offers both privacy and functionality. The bright and inviting living area flows seamlessly into a spacious kitchen with ample cabinet and counter space, making it perfect for everyday living and entertaining. Step outside to a generous backyard that's ideal for family

  

  Nicole Sykes

  The Home Partners Realty

  3681 Natalie Dr, Memphis, TN 38128
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  /2

  $152,000

  $14K PRICE INCREASE

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

  1164 National St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,000 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1164 National St, Memphis, TN 38122
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  /2

  $90,000

  • 2 Beds
  • 1 Bath
  • 846 Sq Ft

  3438 Ardmore St, Memphis, TN 38127

  Welcome to 3438 Ardmore Ave in Memphis—a charming home with thoughtful updates and move-in ready appeal. This property features freshly painted cabinets that brighten the kitchen and living space, along with a brand new AC unit installed in July 2025, providing comfort and efficiency for years to come. A great opportunity for homeowners or investors looking for a well-maintained Memphis property

  

  Caleb Hall

  Keller Williams

  3438 Ardmore St, Memphis, TN 38127
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  /29

  $155,000

  • 1 Bed
  • 1 Bath
  • 680 Sq Ft

  109 N Main St Unit 907, Memphis, TN 38103

  The Historic Claridge House Condos if you adore downtown this one is for you totally renovated fresh paint new flooring new stove and dishwasher and a washer and dryer. A great view of the river from the roof top

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  109 N Main St Unit 907, Memphis, TN 38103
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  /15

  $104,900

  • 3 Beds
  • 1 Bath
  • 954 Sq Ft

  736 St Paul Ave, Memphis, TN 38126

  *Move in ready* A lot of love has gone into bringing this 3 bedroom, 1 bath home back to life. With a full wall to wall renovation and a layout that flows effortlessly, this home is ready for someone new to call it home. Schedule an appointment to see it today!

  

  Jennifer Steinmetz

  REMAX Experts

  736 St Paul Ave, Memphis, TN 38126
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  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,227 Sq Ft

  1150 Biltmore St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $950 with a lease expiration of 03/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1150 Biltmore St, Memphis, TN 38122
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  /6

  $105,000

  • 3 Beds
  • 1 Bath
  • 861 Sq Ft

  4620 Sunnybrook St, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  4620 Sunnybrook St, Memphis, TN 38127
• 

  /2

  $176,890

  • 3 Beds
  • 2 Baths
  • 1,092 Sq Ft

  3079 Henry Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $1200 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3079 Henry Ave, Memphis, TN 38112

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