Memphis, TN Homes for Sale under $200,000

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  /3

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,234 Sq Ft

  599 Blackhawk Rd, Memphis, TN 38109

  INVESTERS ONLY. Tenant occupied 4 bed 1.5 bath home. Rent is $1177/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 4973 Longtree, 4395 Ann Arbor, and 80 E. Bodley

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /10

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /3

  $175,000

  $175K PRICE DROP

  • Land
  • 1.4 Acres
  • $125,000 per Acre

  3451 Ridgeway Rd, Memphis, TN 38115

  This CMU-1 Commercially zoned lot is 1.4 +/- Acres in a great location with nearby Apartment communities, single family homes, businesses and churches. Great Road frontage and visabillity! Seller willing to entertain Owner-Financing option

  John Cornes Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
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  /19

  $175,999

  $14K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,736 Sq Ft

  494 N Mcneil St, Memphis, TN 38112

  Looking for that Next Project? Check out this 3-bedroom, 2 Bathroom home with an amazing backyard! With a little imagination and some elbow grease, this home could make an amazing home, close to amenities and all the great things Midtown has to offer! Adding to your portfolio? This could make a great rental! Come and check out this Amazing property for yourself and make an appointment today!

  Jennifer Clark Tiger Realty

  494 N Mcneil St, Memphis, TN 38112
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  /16

  $195,000

  $4K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,347 Sq Ft

  4251 Riviera Rd, Memphis, TN 38108

  Modern Ranch with Character & Space Step into this beautifully updated single-story ranch featuring an inviting covered front entry, sleek black-and-white exterior, and an open-concept interior with stylish accent columns and durable flooring throughout. Move-in ready with a clean, contemporary feel—perfect for comfortable living and entertaining. Schedule your private showing today before it’s

  Juan Martinez eXp Realty, LLC

  4251 Riviera Rd, Memphis, TN 38108
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  /17

  $185,000

  • 3 Beds
  • 2 Baths
  • 1,454 Sq Ft

  5414 Newberry Ave, Memphis, TN 38115

  This is 3 bedroom 2 bath home with separate living, dining room and den. The inside of this home has been recently updated throughout This home offers large bedrooms and located in sought after neighborhood in Fox Meadows. This home has fenced in backyard in rear with plenty of space. This home located within minutes of gas, shopping, entertainment and highway access. This property is owned by

  Juan Brooks Process Realty Services

  5414 Newberry Ave, Memphis, TN 38115
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  /18

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,450 Sq Ft

  1577 S Highland St, Memphis, TN 38111

  Updated 3BR/2BA home in a prime East Memphis location! Features spacious living areas, modern updates, and a functional layout perfect for homeowners or investors. Conveniently located near the University of Memphis, shopping, dining, and major highways. Move-in ready with great potential!

  Cesar Lara Fast Track Realty, LLC

  1577 S Highland St, Memphis, TN 38111
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  /11

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,015 Sq Ft

  2634 Harvard Ave, Memphis, TN 38112

  TENANT OCCUPIED. Welcome to your dream home in East Memphis-Colonial-Yorkshire! This 2-bedroom, 1-bath rental offers stylish, modern living with beautiful wood plank flooring throughout. The updated kitchen features quartz countertops, white shaker cabinets, and stainless steel appliances. The bathroom showcases marble-style tile, quartz counters, and designer lighting. Energy-efficient systems

  Joshua Moss KAIZEN Realty, LLC

  2634 Harvard Ave, Memphis, TN 38112
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  /14

  $154,900

  • 3 Beds
  • 1 Bath
  • 1,327 Sq Ft

  4995 Stacey Rd, Memphis, TN 38109

  ATTENTION INVESTORS!! Turnkey, income-producing asset with tenant in place. Currently leased at $1,225/month through 4/27/2028, with projected rent of $1,295/month, delivering $163.38/month in cash flow and a 4.34% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new 3-ton HVAC system, new 30-gallon water heater, and a fully

  James Wachob Foundation Property Management

  4995 Stacey Rd, Memphis, TN 38109
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  /2

  $173,700

  • Land
  • 29.6 Acres
  • $5,868 per Acre

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127

  Tremendous investment opportunity for those looking to build! HUGE parcel of land in a popular area of 38127, directly behind Hawkins Mill Elementary. This is near the new Amazon & Nike facilities. Affordable price per acre, frontage along Hawkins. Over 29 acres offered. Could be a great development one day. There was additional adjacent acreage that was recently bought by another owner so a lot

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127
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  /22

  $200,000

  • 2 Beds
  • 2.5 Baths
  • 1,555 Sq Ft

  433 S Perkins Rd Unit 17, Memphis, TN 38117

  Enjoy easy living in Perkins Gardens Condominiums, a gated East Memphis community in a fantastic 38117 location. This 2 bedroom, 2.5 bath condo offers 1,555 square feet, a functional layout, and private baths for both bedrooms. One bedroom features a balcony overlooking the pool, offering a peaceful place to relax and enjoy the view. With covered parking and close proximity to shopping, dining,

  Bryan Ratcliff KAIZEN Realty, LLC

  433 S Perkins Rd Unit 17, Memphis, TN 38117
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  /6

  $164,700

  New Construction

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

  589 Gilleas Rd, Memphis, TN 38109

  New construction! 3 Bedrooms, 2 Baths, large lot, central AC/Heat, all electric appliances etc... Construction will be completed within 30 days of an accepted offer.

  Myles Wilson Keller Williams

  589 Gilleas Rd, Memphis, TN 38109
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  /13

  $126,000

  $9K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,217 Sq Ft

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming, move-in ready 3-bedroom, 2-bath home in a well-established neighborhood known for its friendly community and convenient living. Perfect for first-time buyers or those looking to downsize without sacrificing comfort, this home offers both functionality and room to grow. Recent updates provide peace of mind, including an 8-year-old roof, interior A/C unit less than 5 years old, and a hot

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
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  /33

  $114,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,280 Sq Ft

  4553 Neely Rd, Memphis, TN 38109

  Welcome to this charming 1960s-built ranch that perfectly blends classic character with essential modern comforts. Spanning 1,280 square feet, this meticulously maintained 3-bedroom, 2-bathroom home features gorgeous original hardwood flooring throughout the main living areas, adds a warm and timeless aesthetic. The heart of the home is the spacious kitchen and dining combination, complete with

  Christopher Stjernholm Trelora Realty

  4553 Neely Rd, Memphis, TN 38109
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  /23

  $190,000

  $10K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,567 Sq Ft

  638 Peyton Cir, Memphis, TN 38107

  Cute two/three bedroom home. Fresh exterior paint, new carpet, it's move in ready. Great for a first time home buyer, someone downsizing, or an investor. Located near St Jude Hospital and the Pyramid; nice view of the Pyramid from balcony.

  Harold Haskin Crye-Leike, Inc., REALTORS

  638 Peyton Cir, Memphis, TN 38107
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  /20

  $175,000

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

  2922 Semmes St, Memphis, TN 38114

  New Construction just completed! This 3 bed, 2 bath home offers 1,000 heated sq ft with modern finishes, open layout, and move-in ready convenience. Perfect for homeowners or investors don’t miss this opportunity!

  Cesar Lara Fast Track Realty, LLC

  2922 Semmes St, Memphis, TN 38114
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  /16

  $149,000

  $21K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,193 Sq Ft

  3417 Coleman Ave, Memphis, TN 38122

  Charming 3BR/2BA home featuring beautiful hardwood floors and a spacious, open living and dining area. Updated kitchen with solid surface countertops and a separate dining room perfect for entertaining. Bedrooms are generously sized, and the large laundry room offers additional flexibility with natural light from a window. Outside, enjoy a good-sized backyard along with a garage and

  Marina Brinkley Coldwell Banker Collins-Maury

  3417 Coleman Ave, Memphis, TN 38122
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  /28

  $199,000

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,579 Sq Ft

  1457 S Cooper St, Memphis, TN 38114

  Turnkey duplex investment opportunity with both units currently leased, producing $1,440/month in gross rental income. This cash-flowing property offers immediate income from day one with established tenants already in place, minimizing vacancy risk and providing a smooth transition for the next owner. Ideally positioned in Midtown Memphis, just minutes from the vibrant districts of Cooper-Young

  Eric Earles Fast Track Realty, LLC

  1457 S Cooper St, Memphis, TN 38114
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  /26

  $159,900

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  2292 Daywood Ave, Memphis, TN 38127

  Welcome to 2292 Daywood Ave! This newly built home in the heart of Frayser offers 4 beds, 2 baths and combines space, style, and functionality. Step into an open living area highlighted by a sleek electric fireplace, perfect for relaxing or entertaining. The home features durable luxury vinyl flooring, granite countertops in the kitchen, and fully tiled bathrooms for a clean, modern look. A

  Joshua Moss KAIZEN Realty, LLC

  2292 Daywood Ave, Memphis, TN 38127
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  /2

  $150,000

  • Land
  • 1.26 Acres
  • $119,048 per Acre

  5105 Pleasant View Rd, Memphis, TN 38134

  Terrance Hill eXp Realty, LLC

  5105 Pleasant View Rd, Memphis, TN 38134
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  /2

  $114,900

  • 3 Beds
  • 1 Bath
  • 979 Sq Ft

  4224 Arrowhead Rd, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $1,100/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  4224 Arrowhead Rd, Memphis, TN 38118
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  /6

  $175,000

  $5K PRICE INCREASE

  • 4 Beds
  • 2 Baths
  • 1,536 Sq Ft

  3654 Kearney Ave, Memphis, TN 38111

  Awesome East Memphis Duplex for sale! One side rented ($850/mo.), the other will be vacant effective Feb 2026. Very close to the University of Memphis. Great long-term investment property. Or you could live in one side and collect rent in the other (house hack). FHA, VA, Conventional offers welcome. This is a great location with a large yard. ONLINE VIDEO AVALAIABLE UPON REQUEST. Property is

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3654 Kearney Ave, Memphis, TN 38111
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  /28

  $157,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  3681 Natalie Dr, Memphis, TN 38128

  Welcome home to 3681 Natalie Dr! This charming 3-bedroom, 2-bath home features a bright and inviting living area, a spacious kitchen with plenty of storage, and a backyard perfect for gatherings. Conveniently located near shopping, schools and easy access to major highways, this home offers both comfort and convenience. This beautiful home is available exclusively to low-to-moderate income

  Nyssa Kizer Regency Realty, LLC

  3681 Natalie Dr, Memphis, TN 38128
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  /16

  $115,000

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,016 Sq Ft

  2380 Hillside Ave, Memphis, TN 38127

  Great brick home with a fully fenced large yard, features a 2-car carport with a spacious storage room. Acclaim double hung windows installed in 2025 in bedrooms, half bath and living room, aluminum storm door installed in 2023, and beautiful hardwood floors throughout living room, hallway and primary bedroom and 2nd bedroom. Roof is 6 years old. Refrigerator and stove to remain AS-IS (working

  Ana Ortiz Perales REMAX Experts

  2380 Hillside Ave, Memphis, TN 38127
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  /30

  $192,000

  • 3 Beds
  • 2 Baths
  • 1,449 Sq Ft

  5920 Julian Ct Unit 2, Memphis, TN 38119

  Welcome to this stunning fully renovated 3 bedroom, 2 bath condo in the heart of East Memphis! Located in a secure gated community in close proximity to shopping, dining, grocery stores, and everything Memphis has to offer, this move-in ready home has been updated from head to toe. Step inside to find beautiful flooring throughout, smooth ceilings, fresh interior paint, and all new lighting

  Pam Beall Crye-Leike, Inc., REALTORS

  5920 Julian Ct Unit 2, Memphis, TN 38119
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  /16

  $165,000

  $20K PRICE DROP

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

  5122 Warfield Dr, Memphis, TN 38117

  This ranch style home won't last long. Easy to show and you may submit offer immediately. This large lot ranch home offers an eat in kitchen, separate den, separate living room, 3 bedrooms and 2 bathrooms. The home offers central heat & air and window units. Storage building in back. Easy to show and all offers must provide proof of funds or commitment letter. All buyers must view the home before

  Micah Layman Ware Jones, REALTORS

  5122 Warfield Dr, Memphis, TN 38117
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  /26

  $170,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,110 Sq Ft

  2277 Union Ave Unit 105, Memphis, TN 38104

  Rare Find in This Special Residence! A First Floor Unit #105 with 2 BR & 2BA! Shows Perfectly! New Outdoor Green Grass Carpet on Private Patio! Wow! Spacious Living Rm Area & Dining Rm! Cozy & Functional TV viewing Area! Updated Kitchen with ample countertop space & SS Appliances! The Primary Suite is large and enjoys a Beautiful Salon Bath with large walk-in shower! A Jetted Tub! and Beautiful

  Ray Wallace REMAX Experts

  2277 Union Ave Unit 105, Memphis, TN 38104
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  /22

  $105,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,705 Sq Ft

  3158 Ford Rd, Memphis, TN 38109

  Solid brick 3-bedroom, 2-bath home with great bones and a spacious layout. Sitting beautifully on a private, level lot with a large backyard perfect for outdoor living with a covered patio ready for gatherings or quiet evenings. Inside you’ll find a functional floor plan with room to personalize and update to your style. Whether you're a first-time buyer looking to build equity or an investor

  Elliot Cerezo The Home Partners Realty

  3158 Ford Rd, Memphis, TN 38109
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  /13

  $125,000

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

  5001 Frankie Ln, Memphis, TN 38109

  AINVESTOR"S SPECIAL!!! TENANT in place with rental income. A cute home, an excellent investment property opportunity or for a buyer looking for the perfect fixer upper. A split bedroom floorplan, with 2 bedrooms down and 2 bedrooms upstairs. Seller has done a minor refresh with new interior paint and new laminate flooring. Five minutes from the interstate and local shopping. A block away from the

  Linitra Washington KAIZEN Realty, LLC

  5001 Frankie Ln, Memphis, TN 38109
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  /22

  $114,000

  $16K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,218 Sq Ft

  855 Hilton St, Memphis, TN 38114

  Price Improvement! Tenant's rights-DO NOT disturb tenant. Investors, this is a great addition to your portfolio! Professionally managed, remodeled 4 bedroom, 1 bathroom home currently renting through Section 8 for $1250, but rental amount is currently in renegotiation with MHA-call for updates. New furnace (2022), new AC condenser (2022), new roof (2022), water heater (2022), and gas stove

  Aaron Ivey eXp Realty

  855 Hilton St, Memphis, TN 38114
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  /19

  $150,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,240 Sq Ft

  3760 Norris Ave, Memphis, TN 38111

  Welcome to 3760 Norris Avenue—where timeless charm meets modern living. This beautifully renovated home has been completely updated from top to bottom, offering the perfect blend of character, comfort, and style. Step inside to discover a bright, inviting floor plan featuring updated flooring, fresh designer finishes, and thoughtfully reimagined living spaces. The stunning kitchen boasts modern

  Loren Huie BHHS Taliesyn Realty

  3760 Norris Ave, Memphis, TN 38111
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  /8

  $122,200

  $3K PRICE DROP

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

  1382 Mary Jane Ave, Memphis, TN 38116

  Welcome to 1382 Mary Jane Avenue, Memphis, TN 38116! This charming 3-bedroom, 1-bath home offers comfortable living with stylish updates and solid investment potential. Enjoy hard surface flooring throughout, a bright and airy living area, and a modern kitchen featuring large shaker cabinets. Central heat and air provide year-round comfort, while the spacious, fully fenced backyard is perfect for

  James Wachob Foundation Property Management

  1382 Mary Jane Ave, Memphis, TN 38116
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  /7

  $140,000

  • 2 Beds
  • 2 Baths
  • 1,108 Sq Ft

  3755 Fairmont Ave, Memphis, TN 38122

  Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to

  Stephen Akindona Kairos Realty

  3755 Fairmont Ave, Memphis, TN 38122
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  /33

  $185,000

  $15K PRICE DROP

  • 2 Beds
  • 3 Baths
  • 1,261 Sq Ft

  529 Peabody Square, Memphis, TN 38104

  Discover the best kept secret in Central Gardens, Peabody Square, a small private condo community of secluded townhomes in a beautifully landscaped setting with towering trees. This 2 bedroom 1 and 1/2 bath condo is renovated throughout including a wonderful high end kitchen with new cabinets, quartz countertops, SS appliances and subway tile to the ceiling. The kitchen is open to a cozy

  Jane Baker Sowell, Realtors

  529 Peabody Square, Memphis, TN 38104
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  /2

  $105,000

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  1463 Effie Rd, Memphis, TN 38106

  DO NOT DISTURB THE TENANTS!!! Looking to add to your portfolio. This duplex brings in $1200 a month ($600 each side) This 1-bedroom and 1-bath duplex has tenants on both sides. These units were freshly painted about a year ago.

  Sherita McCray Assured Real Estate Services

  1463 Effie Rd, Memphis, TN 38106
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  /11

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,275 Sq Ft

  2910 Southern Ave, Memphis, TN 38111

  TENANT OCCUPIED. Beautifully renovated 2-bedroom, 1-bath home located less than 5 minutes from the University of Memphis and Liberty Bowl Stadium. This move-in ready property features fresh paint, new cabinetry, and all-new flooring, including luxury vinyl throughout. The modern kitchen is equipped with quartz countertops and stainless steel appliances. The bathroom has been fully updated with

  Joshua Moss KAIZEN Realty, LLC

  2910 Southern Ave, Memphis, TN 38111
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  /8

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,501 Sq Ft

  1839 Lanier Ln, Memphis, TN 38117

  Charming 3-bedroom, 2-bath home located in a quiet, established neighborhood of East Memphis. Features include a spacious living room / dining room and separate den offering flexible living and entertaining space. Photos are prior to tenant occupancy. Property is currently tenant-occupied on a month-to-month lease, providing flexibility for investors or owner-occupants—continue as an

  Amanda Bryant Glenn Rutherford Company, Inc.

  1839 Lanier Ln, Memphis, TN 38117
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  /27

  $100,000

  $55K PRICE DROP

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

  668 Westview Rd, Memphis, TN 38109

  Nice 3-bedroom, 1- bathroom home on a 0.71-acre lot that offers privacy. Rent ready for investors. One highlight of this property is the large den/great room. Lot is large enough for a garden, garage and/or storage building. The seller welcomes all offers.

  Sharon Harris Keller Williams

  668 Westview Rd, Memphis, TN 38109
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  /2

  $135,000

  • 5 Beds
  • 2 Baths
  • 1,877 Sq Ft

  1522 Frayser Blvd, Memphis, TN 38127

  Terrific investment opportunity! Tenant occupied, currently rented for $1395/mo. Professionally managed. Home has been well maintained with some recent repairs and a good looking roof. Five bedroom, two bathroom brick property with central heat and air and extra large parking pad. Conveniently located near schools, parks and Ed Rice Community Center. Multiple properties for sale, can be bought in

  William Haynes Crye-Leike, Inc., REALTORS

  1522 Frayser Blvd, Memphis, TN 38127
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  /31

  $139,900

  $19K PRICE DROP

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

  1212 Bristol Dr, Memphis, TN 38119

  End Unit Townhome in Chatham Village has two bedroom, one and a half baths. Excellent value, this condominium includes refrigerator, private patio for cookouts or relaxing, kitchen w/ breakfast bar opens to a dining room and large living room w/ hardwood floors down, primary bedroom has double closets, carpet upstairs, updated full bath, the laundry closet in the up foyer and there is attic space

  Amirio Armour Armour and Associates Realty L

  1212 Bristol Dr, Memphis, TN 38119

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