Memphis, TN Homes for Sale under $200,000

• 

  

  /2

  $8,500

  • Land
  • 6,534 Sq Ft
  • $56,667 per Acre

  265 E Alston Ave, Memphis, TN 38126

  Investors & Builders ~ Great area for new construction and re-development. Buyer to do any and all due diligence deemed necessary. Selling "AS-IS /WHERE-IS" - There are 7 total lots that can be bundled. 264 / 269 E Alston - 1297 College - 1816 Kerr - 1884 Hearst - 260 Lucerne

  Dawn Kinard Welch Realty, LLC

  265 E Alston Ave, Memphis, TN 38126
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  /12

  $74,900

  $13K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,182 Sq Ft

  3372 Buchanan Ave, Memphis, TN 38122

  Attention Investors!!! You have the ability to buy 10 cash flowing rental properties at one time! This property is part of a package of 10 rental houses for sale. No wholesaler or assignment of contract offers will be accepted. These properties are all professionally managed. Video is available upon request and please do not disturb any tenants. Owner-Agent

  Dean Harris CrestCore Realty MphsBrokerage

  3372 Buchanan Ave, Memphis, TN 38122
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  /2

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,149 Sq Ft

  2757 Lake Park Rd, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $1,400 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  2757 Lake Park Rd, Memphis, TN 38127
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  /19

  $45,000

  $15K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,431 Sq Ft

  5583 Gates Cove Unit 44, Memphis, TN 38115

  Nice 2 bedroom 2.5 bathroom condo in Fox Meadows area that is priced to sell! THIS PROPERTY COULD EASILY BE CONVERTED TO A 3 BEDROOM! ONLINE VIDEO AVAILABLE UPON REQUEST. This property has several nice features including an OPEN FLOOR PLAN (Perfect for entertaining), covered parking, durable vinyl plank flooring, nice light fixtures, tile backsplash in kitchen, fenced backyard, etc. Current

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5583 Gates Cove Unit 44, Memphis, TN 38115
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  /18

  $120,000

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  2717 Merle St, Memphis, TN 38118

  Move-in ready 2 bedroom, 1 bath brick home featurings numerous recent updates throughout. Improvements include new central heating and air, updated electrical and plumbing, new flooring, fresh interior and exterior paint, renovated bathroom, new kitchen cabinets, and washer and dryer connections. The roof has been professionally cleaned and the spacious yard offers plenty of room for outdoor

  Flor Bernal Crye-Leike, Inc., REALTORS

  2717 Merle St, Memphis, TN 38118
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  /7

  $112,000

  $57K PRICE DROP

  • Land
  • 7.1 Acres
  • $15,775 per Acre

  0 S Third Unit 8, Memphis, TN 38109

  Located along iconic S Third St/US-61, also known as historic Blues Highway, this 7.1-acre tract presents a rare opportunity to secure a highly visible, well-positioned piece of land in one of Memphis’s most recognizable corridors. With approximately 353 feet of frontage along S Third St and about 1,137 feet of frontage on Westview Rd, the property offers outstanding access, strong street

  Elijah King Coldwell Banker Commercial Kinard Realty

  0 S Third Unit 8, Memphis, TN 38109
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  /4

  $10,000

  • Land
  • 11,761 Sq Ft
  • $37,037 per Acre

  380 Outer Pkwy, Memphis, TN 38109

  Great corner lot opportunity for investors, builders, or future homeowners. Zoned for single-family residential. Drive by anytime to view.

  Larry Jackson KAIZEN Realty, LLC

  380 Outer Pkwy, Memphis, TN 38109
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  /3

  $9,600

  • Land
  • 29,185 Sq Ft
  • $14,328 per Acre

  999 W Raines Rd, Memphis, TN 38109

  Large vacant lot that is ready for your home plans. You have so many possibilities to make this over 1/2 an acre lot your own!

  Rebecca Edwards Keller Williams

  999 W Raines Rd, Memphis, TN 38109
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  /2

  $12,000

  $8K PRICE DROP

  • Land
  • 6,969 Sq Ft
  • $75,000 per Acre

  0 Agnes Place, Memphis, TN 38104

  Great opportunity to build or invest in the heart of Midtown! Located just minutes from Cooper-Young and Overton Square, this lot offers excellent potential for new construction or long-term hold. Quiet street with convenient access to dining, entertainment, and major routes.

  Joshua Moss KAIZEN Realty, LLC

  0 Agnes Place, Memphis, TN 38104
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  /8

  $162,000

  $8K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,224 Sq Ft

  2428 Vollintine Ave, Memphis, TN 38108

  INVESTORS ONLY! Turnkey, cash-flowing duplex generating $1,500/month ($750 per unit) with leases in place through the end of the year. Both tenants are current and have a consistent payment history. Property was fully renovated in 2023, including a new roof, AC, furnace, water heater, plumbing, electrical updates, and cosmetic improvements. Professionally managed—tenant ledger and maintenance

  Jeremy Veldman KAIZEN Realty, LLC

  2428 Vollintine Ave, Memphis, TN 38108
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  /27

  $69,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,002 Sq Ft

  3451 Birdsong Ferry Rd, Memphis, TN 38118

  Charming 2-bedroom, 1-bath single-family home offering 1002 sqft of comfortable, one-level living in a convenient Memphis location. Features include a spacious living area, functional kitchen with dining space, covered carport parking, and a large yard with room to enjoy the outdoors. Conveniently located near shopping, dining, schools, and major roadways for an easy commute.

  Carl Purifoy Trelora Realty

  3451 Birdsong Ferry Rd, Memphis, TN 38118
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  /13

  $62,500

  • 3 Beds
  • 2 Baths
  • 1,452 Sq Ft

  3243 Thirteen Colony Mall Unit 2B, Memphis, TN 38115

  Great investment opportunity. Tenant occupied, cash flowing and professionally managed rental property available. Currently rented for $965/mo with a $955 security deposit on file. Gated parking. $225 HOA fee. Brick exterior. Lease expires 9/30/26. Do not approach or disturb tenant, no showings without an accepted offer. No wholesale, assignment, seller finance or creative finance. Seller also

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3243 Thirteen Colony Mall Unit 2B, Memphis, TN 38115
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  /14

  $99,900

  • 3 Beds
  • 1 Bath
  • 1,074 Sq Ft

  839 David St, Memphis, TN 38114

  Here's your chance to own real estate in a highly desired area. Neighborhood revitalization with newly installed bike trails. Great area for investors. This property offers a low-maintenance brick exterior, 3 bedrooms, 1 bath, and a bonus room. Nice-size eat-in kitchen. There's also an extra parking pad in front of the house. Sold as is. Needs a new owner and a little TLC. Walking distance to

  Vanessa Marshall BenchMark REALTORS, LLC

  839 David St, Memphis, TN 38114
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  /17

  $89,000

  • 4 Beds
  • 2.5 Baths
  • 1,600 Sq Ft

  912 Parkrose Ave, Memphis, TN 38109

  Really nice Brick 4 bedroom 2.5 bath with Single Carport ~~Living room & den and sunroom! Upgraded thru out. This property may qualify for Seller Financing (Vendee) see attached documents. OWNED BY THE SECRETARY OF VETERAN AFFAIRS. If property was built prior to 1978, Lead Based Paint Potentially Exists.

  Scott Housewirth Crye-Leike Inc., REALTORS

  912 Parkrose Ave, Memphis, TN 38109
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  /16

  $92,000

  • 3 Beds
  • 2 Baths
  • 1,086 Sq Ft

  685 Mcwhirter Ave, Memphis, TN 38127

  Welcome home to this well-maintained 3-bedroom, 2-bath home offering affordable living with numerous recent updates already completed for you! You'll appreciate the many new improvements, including a hot water heater, blinds, kitchen faucet, toilets, vent covers, attic ladder, and freshly updated grout in both bathrooms. This move-in ready home has been lovingly cared for and provides a

  Stephanie Moulder Groome & Co.

  685 Mcwhirter Ave, Memphis, TN 38127
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  /7

  $129,000

  • 4 Beds
  • 2 Baths
  • 1,368 Sq Ft

  3571 Daggett Rd, Memphis, TN 38109

  Welcome to this renovated 4-bedroom, 2-bathroom home featuring updates completed in 2025. The property is currently tenant occupied with a lease extending through September 2026 at $1,580/month. Buyers are encouraged to conduct their own due diligence regarding rental income, expenses, and investment considerations.

  Tiffany Jones Trelora Realty

  3571 Daggett Rd, Memphis, TN 38109
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  /10

  $124,900

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,142 Sq Ft

  4848 Neely Rd, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1,275 per month and is on a lease from 12/01/2020 - 06/30/2027. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

  Alex Evans Reedy & Company, REALTORS

  4848 Neely Rd, Memphis, TN 38109
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  /21

  $185,000

  • 3 Beds
  • 2 Baths
  • 1,634 Sq Ft

  5073 Whitworth Rd, Memphis, TN 38116

  GREAT OPPORTUNITY FOR INVESTORS OR HOMEOWNERS! Whether you're looking for your next rental property or a place to call home, this 3-bedroom, 2-bath single-family home offers plenty of possibilities. For investors, the property has a potential rental rate of $1,450/ month, providing an opportunity to add another income-producing property to your portfolio. The property is currently vacant,

  James Wachob Foundation Property Management

  5073 Whitworth Rd, Memphis, TN 38116
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  /2

  $87,500

  • 3 Beds
  • 1.5 Baths
  • 1,158 Sq Ft

  3620 Brookmeade St, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $800 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3620 Brookmeade St, Memphis, TN 38127
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  /16

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,048 Sq Ft

  3066 Carrington Rd, Memphis, TN 38111

  Cash flowing investment opportunity near the University of Memphis! This has a section 8 tenant in place now paying $1350/mo. The current lease is Month to Month. No showings without an accepted offer. Photos were when the property was vacant.

  Caleb Parr Renshaw Company, REALTORS

  3066 Carrington Rd, Memphis, TN 38111
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  /10

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,621 Sq Ft

  4481-4483 Sumners Wells Rd, Memphis, TN 38118

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 4-bedroom, 2-bath multi-family home is currently generating $1,500/ month in combined rental income, with the current lease running through 02/10/2028 on one side and the other through 02/02/2027. An opportunity to purchase an income-producing property with a

  James Wachob Foundation Property Management

  4481-4483 Sumners Wells Rd, Memphis, TN 38118
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  /30

  $190,000

  • 4 Beds
  • 2 Baths
  • 2,342 Sq Ft

  748 Breedlove St, Memphis, TN 38107

  The perfect blend of timeless character & modern updates in this beautifully renovated home. Built in 1928, this charming home has been thoughtfully updated while preserving its unique character. New flooring, fresh paint, updated lighting & fixtures, smooth ceilings, ceiling fans & blinds throughout. Large bonus/game room that offer endless possibilities. Updated kitchen w/center island &

  Justin Lance Keller Williams

  748 Breedlove St, Memphis, TN 38107
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  /18

  $89,900

  • 3 Beds
  • 1 Bath
  • 934 Sq Ft

  4243 Brookway St, Memphis, TN 38109

  Charming 3-bedroom, 1-bath single-family home offering approximately 910 sq. ft. of living space on a spacious lot. This well-maintained residence features a functional floor plan with a bright living area, comfortable bedrooms, and ample outdoor space for entertaining, gardening, or future improvements. Covered parking adds convenience, while the large backyard provides endless possibilities.

  LaQuita Jordan Trelora Realty

  4243 Brookway St, Memphis, TN 38109
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  /25

  $150,000

  • 3 Beds
  • 2.5 Baths
  • 1,651 Sq Ft

  475 N Highland St Unit 4C, Memphis, TN 38122

  Your choice of The Fairway Towers offers the ultimate spacious units, location of High Demand, beautiful views and convenience of East Memphis dining and shops with emphasis on security and safety. The building is now finalizing exterior renovations with new reinforced-concrete balconies, new paint and landscaping. This unit has 3 balconies to enjoy. Happy hour in the clubhouse with kit, the

  B. J. Worthy REMAX Experts

  475 N Highland St Unit 4C, Memphis, TN 38122
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  /2

  $90,000

  • 2 Beds
  • 1 Bath
  • 1,197 Sq Ft

  1584 Carpenter St, Memphis, TN 38108

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,450 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1584 Carpenter St, Memphis, TN 38108
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  /2

  $115,000

  • 2 Beds
  • 2 Baths
  • 1,072 Sq Ft

  4421 Forest Valley Dr, Memphis, TN 38141

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 2-bedroom, 2-bath single-family home is currently generating 1,075/month in rental income, with the current lease running through 04/30/2027. OWNER FINANCING AVAILABLE! Terms available upon request. An opportunity to purchase an income-producing property with a

  James Wachob Foundation Property Management

  4421 Forest Valley Dr, Memphis, TN 38141
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  /2

  $99,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 918 Sq Ft

  2877 Brewer Ave, Memphis, TN 38114

  Expand your investment portfolio with this excellent rental opportunity. Situated in a desirable rental market, this property offers convenient access to shopping, dining, major employers, and other local amenities. Please note that wholesale offers and contract assignments will not be considered.

  Dean Harris CrestCore Realty MphsBrokerage

  2877 Brewer Ave, Memphis, TN 38114
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  /2

  $120,000

  • 3 Beds
  • 2 Baths
  • 1,102 Sq Ft

  1674 Sailors St, Memphis, TN 38108

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,200.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  1674 Sailors St, Memphis, TN 38108
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  /29

  $199,900

  • 2 Beds
  • 2 Baths
  • 1,081 Sq Ft

  109 N Main St Unit 1212, Memphis, TN 38103

  Experience the best of downtown Memphis from this 12th-floor 2BR, 2BA condo just steps from bars, restaurants, and scenic parks along the Mississippi River. Enjoy daily sunsets and skyline views from the building’s rooftop terrace, complete with new gas grills perfect for entertaining. Amenities include a fitness center, indoor pool, hot tub, event room with river and city views, and a cozy

  Tyler Bowman Weichert, REALTORS-BenchMark

  109 N Main St Unit 1212, Memphis, TN 38103
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  /2

  $9,900

  $10K PRICE DROP

  • Land
  • 6,098 Sq Ft
  • $70,714 per Acre

  0 Whitman Ave, Memphis, TN 38112

  Lot is to the right of 2636 Whitman.

  Crystal Mitchell Renshaw Company, REALTORS

  0 Whitman Ave, Memphis, TN 38112
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  /2

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  3822 E Victory Heights Ln, Memphis, TN 38118

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $950.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3822 E Victory Heights Ln, Memphis, TN 38118
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  /13

  $130,000

  • 3 Beds
  • 1.5 Baths
  • 1,024 Sq Ft

  936 Olympic St, Memphis, TN 38107

  936 Olympic is a beautifully renovated 3-bedroom, 1.1-bath home that’s move-in ready for its next owner! This home features hardwood floorsthroughout and modern updates, including granite countertops and a functional layout perfect for everyday living. The primary bedroom includes a convenient half bathwith washer and dryer connections, adding extra comfort and practicality. This property is

  Tonja Pryor Keller Williams

  936 Olympic St, Memphis, TN 38107
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  /3

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,720 Sq Ft

  4395 Ann Arbor Ln, Memphis, TN 38128

  INVESTERS ONLY! Tenant occupied 3 bed 2 bath home. Rent is $1000/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 599 Blackhawk, 4973 Longtree, and 80 E. Bodley (Can

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4395 Ann Arbor Ln, Memphis, TN 38128
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  /2

  $33,000

  $6K PRICE DROP

  • Land
  • 29,620 Sq Ft
  • $48,529 per Acre

  0 Warford St, Memphis, TN 38018

  Great opportunity to own a beautiful parcel of land close to the highway.

  Brendan Barriere Pinnacle Realty

  0 Warford St, Memphis, TN 38018
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  /16

  $138,900

  $36K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,405 Sq Ft

  3540 Marion Ave, Memphis, TN 38111

  30k price reduction! Awesome opportunity available in Colonial Heights just moments from the University of Memphis. This four bedroom two bathroom home could make a great home, rental or flip! Priced below ARV! This property features low maintenance vinyl flooring, modern light fixtures, a true primary suite, a great looking roof, and a great back yard. Multiple properties available. Homes can be

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
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  /7

  $84,900

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  950 Norfleet Ave, Memphis, TN 38109

  INVESTERS ONLY!!! Tenant occupied 3bed 2 bath home currently rented for $1035/mo. Home is professionally managed by Reedy. This could be a great addition to your portfolio. Roof was replaced in 2023. No sign in the yard. Please do not disturb or approach the tenant. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  950 Norfleet Ave, Memphis, TN 38109
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  /32

  $79,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 960 Sq Ft

  4928 Manson Rd, Memphis, TN 38109

  This low-maintenance 3-bedroom, 1-bathroom conventional frame home features 960 square feet of highly functional interior living space optimized for straightforward upkeep. The floor plan includes durable hardwood flooring, dedicated utility hookups, and integrated forced-air climate systems. The exterior profile presents a massive 0.39-acre lot with extensive rear yard depth, delivering

  Carl Purifoy Trelora Realty

  4928 Manson Rd, Memphis, TN 38109
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  /2

  $60,000

  • 3 Beds
  • 1 Bath
  • 1,001 Sq Ft

  759 Brandywine Blvd, Memphis, TN 38127

  Great opportunity to own a solid 3-bedroom, 1-bath investment property. Perfect for rental income or a fix-and-flip project. Features include a spacious layout, potential for upgrades, and a strong rental market nearby. Don’t miss out on this promising investment. Please include proof of funds.

  Lakesha Lilly Leatherwood The Home Partners Realty

  759 Brandywine Blvd, Memphis, TN 38127
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  /9

  $88,900

  $41K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,088 Sq Ft

  4788 Royal Elm Cove, Memphis, TN 38128

  Charming and move-in ready, 4788 Royal Elm Cv offers low-maintenance living in a convenient Memphis location. Featuring a New roof in 2022 and new paint/LVP in 2026. This cozy 3-bedroom, 2-bath home features an efficient single-level layout with approximately 1,148 square feet of living space, a comfortable living area with fireplace, and a functional kitchen perfect for everyday living. Nestled

  Matt Mitchell Reid, REALTORS

  4788 Royal Elm Cove, Memphis, TN 38128
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  /2

  $180,000

  $20K PRICE DROP

  • 4 Beds
  • 4 Baths
  • 2,699 Sq Ft

  3614 Tchulahoma Rd, Memphis, TN 38118

  Great investment opportunity with this spacious 4 bedroom property featuring 2 full baths and 2 half baths, thoughtfully divided with 2 bedrooms and 1.5 baths on each side. Ideal layout for tenants, offering functional and comfortable living spaces. Property is professionally managed, providing a seamless experience for investors. Being sold with tenants in place. Showings will be scheduled after

  Camela Henke Enterprise, REALTORS

  3614 Tchulahoma Rd, Memphis, TN 38118

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