Memphis, TN Homes for Sale under $200,000

• 

  

  

  /22

  $153,900

  • 3 Beds
  • 2 Baths
  • 1,349 Sq Ft

  4445 Don St, Memphis, TN 38109

  Step into this beautifully refreshed 3-bedroom, 2-bath home in the heart of Memphis! Featuring new carpet, fresh paint, and an inviting updated screened in patio perfect for relaxing or entertaining, this home is move-in ready and full of charm. Enjoy a spacious layout with comfortable living areas and a backyard ideal for gatherings. Whether you’re a first-time buyer or looking to upgrade, this

  Tia Jennings Keller Williams

  4445 Don St, Memphis, TN 38109
• 

  

  

  /12

  $125,000

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,116 Sq Ft

  4125 Michael Rd, Memphis, TN 38116

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4125 Michael Rd, Memphis, TN 38116
• 

  

  

  /18

  $165,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,319 Sq Ft

  4367 Suncrest Dr, Memphis, TN 38127

  $5000 BUYER CREDIT for closing costs and prepaids!!! BRAND NEW CONSTRUCTION! INVESTOR SPECIAL! Low maintenance. 4 bed 2bathroom in a great location! One year Builder's Warranty included. Hardi-Plank exterior, Double Insulated Windows. Interior features include Low Maintenance stained concrete floors, custom kitchen cabinets and bathroom vanities with granite counter-tops, upgraded plumbing and

  Brett Bernard The Stamps Real Estate Company

  4367 Suncrest Dr, Memphis, TN 38127
• 

  

  

  /17

  $179,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,538 Sq Ft

  913 Chambliss Rd, Memphis, TN 38116

  Home is in the process of being completely renovated. New roof, new HVAC system, all new appliances, new paint inside and out, new hot water heater, all new kitchen cabinets with granite counter tops, new bathroom vanities, new toilets and tubs. Home features large bedrooms, wood all new wood laminate floors throughout home all new windows and all new light fixtures inside and out. Large lot with

  James Walker REMAX Experts

  913 Chambliss Rd, Memphis, TN 38116
• 

  

  

  /23

  $169,900

  • 3 Beds
  • 2 Baths
  • 1,305 Sq Ft

  721 Inez St, Memphis, TN 38111

  INVESTOR'S DREAM! Tenant occupied for $1650 per month, lease expires 4/2027. The property is professionally managed. Newly renovated bungalow featuring 3 bedrooms and 2 full bathrooms. This home offers modern updates including accent walls, recessed lighting, and beautifully tiled bathrooms. The property also includes a detached garage and a fenced backyard, perfect for added privacy and outdoor

  Raven Henderson KAIZEN Realty, LLC

  721 Inez St, Memphis, TN 38111
• 

  

  /27

  $175,000

  • 2 Beds
  • 2 Baths
  • 1,151 Sq Ft

  1960 N Parkway Unit 1208, Memphis, TN 38112

  Located on the fully renovated 12th floor, this updated 2 bedroom/2 bath condo offers spectacular panoramic views of Downtown and the Memphis Zoo. Key features include: updated Champion windows and sliding glass doors, gleaming parquet flooring throughout living room dining room and kitchen, with brand-new vinyl plank flooring in the bedroom and office/2nd bedroom. Expansive walk-in

  Meredith Coughlin Keller Williams

  1960 N Parkway Unit 1208, Memphis, TN 38112
• 

  

  /17

  $159,900

  $5K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 800+ Sq Ft

  812 Creekside Dr Unit 2, Memphis, TN 38117

  PRICE REDUCTION!!! NEW PRICE on this Charming 1-Bedroom, 1-Bath Condo in East Memphis --- Located in a gated community with beautifully landscaped grounds and access to amenities, this condo offers a peaceful, low-maintenance living space. Only a stone's throw away from some of East Memphis' best shopping and eats. Call your agent and book a showing today!

  Ali Abu-Khraybeh Renshaw Company, REALTORS

  812 Creekside Dr Unit 2, Memphis, TN 38117
• 

  

  /7

  $125,000

  $10K PRICE DROP

  • Land
  • 2.16 Acres
  • $57,870 per Acre

  867 E Alcy Rd, Memphis, TN 38106

  Improved 2.16 acres featuring utilities in place, elevated terrain, and partial clearing, located in a private, quiet rural area just minutes from Graceland and major interstate access—a rare combination of peaceful seclusion and prime connectivity.

  Tina Dugan Keller Williams

  867 E Alcy Rd, Memphis, TN 38106
• 

  

  /11

  $119,000

  $418K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  433 Dixie Rd, Memphis, TN 38109

  ATTENTION INVESTORS!! Fully renovated, turnkey rental with long-term tenant in place. Leased at $900/month through 2/25/2028, delivering consistent cash flow of $175.52/month and a 5.81% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new HVAC condenser, upgraded electrical system (converted from fuse box), and full

  James Wachob Foundation Property Management

  433 Dixie Rd, Memphis, TN 38109
• 

  

  /10

  $125,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,298 Sq Ft

  3832 Lake Park Cove, Memphis, TN 38127

  Your Perfect 4-Bedroom Investment Property Awaits. This spacious, 4-bedroom, 2-bathroom home, built in 2021, is a must-see for investors. Boasting an open floor plan, this home is ready for immediate move-in and easy to lease. Situated in a rapidly growing area, Frayser is undergoing nearly $60 million in new developments, including a brand-new high school that will elevate the neighborhood’s

  Anna Bishop Crye-Leike, Inc., REALTORS

  3832 Lake Park Cove, Memphis, TN 38127
• 

  

  /9

  $150,000

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,253 Sq Ft

  3011 Beauchamp Dr, Memphis, TN 38118

  Solid investment opportunity in Memphis. This 3 bedroom 1.5 bathroom property at 3011 Beauchamp Dr is tenant occupied and currently rented for $984.95 per month, providing immediate income for an investor looking to add to their portfolio. With steady cash flow already in place, this property offers a practical option for both new and experienced investors seeking rental income. Located in an

  Jose Adan Leal Garcia Fast Track Realty, LLC

  3011 Beauchamp Dr, Memphis, TN 38118
• 

  

  /15

  $103,000

  $2K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  3445 Pruett Ct, Memphis, TN 38111

  Gated Condo Complex located mins from the University of Memphis and Highland Strip. This 2bed/1.5 bath could make a great investment for an investor or home for an owner occupant. Living Room, Dining Area, and Fenced in Patio Area. HOA is $140 monthly and covers exterior maintenance repairs, property insurance, landscaping & grounds cleaning, pest control, water/sewer for property, utilities for

  Monica Bynum Crye-Leike, Inc., REALTORS

  3445 Pruett Ct, Memphis, TN 38111
• 

  

  /19

  $100,000

  $20K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  1270 Chickamauga Ave, Memphis, TN 38109

  Lovely 3 bedroom 1 and a half bathroom brick home all one one level! This home was just rehabbed in 2026 and is ready for a new owner! Wonderful home with new interior paint, low maintenance flooring, with excellent floor plan including: den, dining room, large laundry room, and open kitchen concept (perfect for entertaining). This home has an extra large primary bedroom with private half

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1270 Chickamauga Ave, Memphis, TN 38109
• 

  

  /30

  $185,000

  $27K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 906 Sq Ft

  655 S Riverside Dr Unit 708A, Memphis, TN 38103

  Experience premier Downtown Memphis condo living in the highly desirable River Towers, one of the city’s most iconic high-rise buildings. This fully updated 1 bedroom, 1 bathroom condo features fresh paint, new floors, granite in kitchen and a functional open layout designed for effortless living. A spacious private balcony offers incredible views and the perfect space to relax or entertain. The

  Pam Beall Crye-Leike, Inc., REALTORS

  655 S Riverside Dr Unit 708A, Memphis, TN 38103
• 

  

  /34

  $119,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,694 Sq Ft

  5025 Millbranch Rd, Memphis, TN 38116

  Welcome to this well-maintained one-level brick ranch located in the heart of Whitehaven. This 1694 sqft, 3-bedroom, 1-bathroom home offers a functional and spacious layout, perfect for modern living. The interior features timeless hardwood floors in the main living areas, easy-to-maintain tile in the kitchen, and cozy carpeted bedrooms. The heart of the home is the kitchen, which includes a

  Alexis Martz Trelora Realty

  5025 Millbranch Rd, Memphis, TN 38116
• 

  

  /14

  $125,000

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

  1781 Woodburn Dr, Memphis, TN 38127

  Terrific investment opportunity. Professionally managed and cash flowing property. Rent is $1100/mo. Lease is m2m. Professionally managed by Renshaw. Lease and ledger are available upon request. Seller has multiple properties for sale. Can buy individucally or in bulk. All properties are professionally managed. The addresses are 3667 Southland, 1364 Viscoscia, 3263 Sunrise, 3516 Suzanne, 1781

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1781 Woodburn Dr, Memphis, TN 38127
• 

  

  /20

  $105,500

  $1K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,000 Sq Ft

  3757 Faxon Ave, Memphis, TN 38122

  Lovely move-in ready 2br 1ba in Berclair now available! This would make an excellent investment opportunity or an owner/occupant. The owner just did a refresh if the inside. Vacant, easy to show! This is an opportunity zone and qualifies for 100% financing if you're an owner/occupant!

  Caleb Parr Renshaw Company, REALTORS

  3757 Faxon Ave, Memphis, TN 38122
• 

  

  /13

  $145,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 848 Sq Ft

  3534 Rochester Rd, Memphis, TN 38109

  Move-In Ready & Full of Updates! Check out this beautifully maintained 3-bedroom, 1-bath home in immaculate condition! This home features brand-new flooring throughout, an updated bathroom with a stylish tile shower, new tub, and new toilet. You’ll also love the new countertops, updated light fixtures, and fresh paint that give the home a clean, modern feel. Step outside to enjoy a huge

  Kizzy Neder Lawrence Johnson, REALTORS

  3534 Rochester Rd, Memphis, TN 38109
• 

  

  /3

  $124,900

  • 3 Beds
  • 1 Bath
  • 971 Sq Ft

  3302 N Watkins St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1005/month. The lease ends on 4/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3302 N Watkins St, Memphis, TN 38127
• 

  

  /16

  $105,000

  • 2 Beds
  • 1 Bath
  • 980 Sq Ft

  2190 Howell Ave, Memphis, TN 38108

  INVESTERS ONLY!!! Tenant occupied 2bed 1bath home currently rented at $998/mo. This could be a great addition to your rental portfolio. Home is professionally managed. No Sign in yard. Please do not approach or disturb tenant. Lease and ledgers available upon request. No creative or owner financed offers, no wholesale or assignment please.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2190 Howell Ave, Memphis, TN 38108
• 

  

  /6

  $130,000

  • Land
  • 2.08 Acres
  • $62,500 per Acre

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109

  Build Your Dream Home on 2.08 Acres of Pure Possibility! Tucked away is this 2.08-acre lot offering the perfect canvas to bring your vision to life. Whether you're dreaming of a custom estate, a charming farmhouse, or a modern retreat, this spacious parcel provides room to spread out and breathe. Enjoy the privacy of a large lot with plenty of space for a garden, workshop, or outdoor living

  Melissa Blume Thompson eXp Realty

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109
• 

  /2

  $115,000

  • 2 Beds
  • 1 Bath
  • 1,145 Sq Ft

  1797 Dupont Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1.5 baths. Currently renting for $1,495 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1797 Dupont Ave, Memphis, TN 38127
• 

  

  /34

  $189,900

  $10K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,833 Sq Ft

  8406 Rockcreek Pkwy Unit 35, Cordova, TN 38016

  Welcome home to this beautifully updated 3-bedroom, 2.5-bath condo located in a sought-after Chimney Hillswim community! This move-in ready property offers two covered parking spaces and a stylish, modern interior throughout. Step inside to find luxury vinyl plank flooring flowing seamlessly through the main living areas , complemented by a decorative stone wall with a cozy fireplace and

  Suzanne Smith Enterprise, REALTORS

  8406 Rockcreek Pkwy Unit 35, Cordova, TN 38016
• 

  

  /17

  $152,500

  • 3 Beds
  • 1.5 Baths
  • 1,113 Sq Ft

  3687 Bedford Ln, Memphis, TN 38118

  Welcome to this impeccably maintained, move-in ready home—an ideal opportunity for first-time buyers and savvy investors alike. This charming residence features 3 bedrooms and 1.5 baths, offering comfortable living with plenty of space to enjoy. A spacious living and dining room combination creates the perfect setting for entertaining guests, hosting family gatherings, or relaxing at home. The

  Bryant Smith THE PROFESSIONAL AGENCY

  3687 Bedford Ln, Memphis, TN 38118
• 

  

  /8

  $125,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,591 Sq Ft

  3573 Hanna Dr, Memphis, TN 38128

  Investor Opportunity – Tenant Occupied & Professionally Managed! Turnkey investment property with a long-term tenant already in place, providing immediate and consistent rental income. This home is professionally managed by 4 Success Realty, ensuring streamlined operations, tenant relations, and ongoing maintenance—making it a perfect addition to any investor’s portfolio. Property is being sold

  Cassandra Bell-Warren 4 Success Realty, LLC

  3573 Hanna Dr, Memphis, TN 38128
• 

  

  /3

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  961 N Highland St, Memphis, TN 38122

  Fantastic investment opportunity in the Shelby area. Cash flowing with a monthly rental amount of $750 & $875/month. The lease ends on 07/31/2026 & 08/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  961 N Highland St, Memphis, TN 38122
• 

  

  /19

  $117,900

  $2K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  Raychel Day Renshaw Company, REALTORS

  829 Josephine St, Memphis, TN 38114
• 

  

  /11

  $179,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,087 Sq Ft

  616 Shotwell St, Memphis, TN 38111

  Price Improvement! Investor Opportunity on the U of M Campus! Home is currently occupied an ideal for investors looking to buy near campus. Home is two street from campus and two street from Audubon Park! HVAC and HWH 2017 and roof less than 10 years! Tenant pays $1395 and $1450 starting in August. Lease ends August of 2027. Call listing agent for details. Do not disturb tenants! Access upon

  Andrew Akins CB Properties of Memphis, LLC

  616 Shotwell St, Memphis, TN 38111
• 

  

  /7

  $129,900

  • 3 Beds
  • 1 Bath
  • 1,086 Sq Ft

  2436 Chattering Ln, Memphis, TN 38127

  Excellent Turnkey Investment Opportunity! This beautifully renovated 3 bedroom, 1 bathroom home was fully updated in 2023 and offers true peace of mind for any investor. Major improvements include a brand-new roof, HVAC system, and water heater—ensuring long-term durability and low maintenance costs. Inside, the home features modern and stylish updates throughout, creating an attractive living

  Jeff Goff Keller Williams

  2436 Chattering Ln, Memphis, TN 38127
• 

  

  /18

  $119,000

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  5163 Broken Oak Dr, Memphis, TN 38127

  Price improvement on this adorable 3 bedroom 1 bath!!! Amazing opportunity with all the work done and extras included at this price and fully renovated. Move in ready! Freshly painted inside and out. Do you want a home where you are paying for your own place instead of paying a landlord? Come and check this one out. You will see 3 photos with furniture and more that are virtually staged. This

  Saprina Bowman Crye-Leike, Inc., REALTORS

  5163 Broken Oak Dr, Memphis, TN 38127
• 

  

  /9

  $100,000

  • 2 Beds
  • 1 Bath
  • 917 Sq Ft

  2716 Deadrick Ave, Memphis, TN 38114

  Great Occupied investment Opportunity! 2-Year Lease in Place! This property is currently occupied by a tenant who is paying $870 per month and is on a lease from 3/10/2026 until 3/09/2028. 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

  2716 Deadrick Ave, Memphis, TN 38114
• 

  /2

  $121,000

  $4K PRICE DROP

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

  4376 Howardcrest Dr, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1200.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed Crye-Leike, Inc., REALTORS

  4376 Howardcrest Dr, Memphis, TN 38128
• 

  

  /37

  $129,990

  $20K PRICE DROP

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

  1404 Cameron St, Memphis, TN 38106

  Price Reduced. Owner says SELL. Great opportunity for a First Time Buyer and cheaper than renting. This home has been refreshed and ready for a new buyer. Features 4 Bedrooms, 2 Baths, Hardwood / Broken tile flooring. Detached garage for plenty of storage space. Show and Sell today. Won't last long.

  Daryl Lewis Infinity Group REALTORS, Inc.

  1404 Cameron St, Memphis, TN 38106
• 

  

  /25

  $200,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,807 Sq Ft

  3661 Mccorkle Rd, Memphis, TN 38116

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Warm, spacious, and full of character! Inside, you’ll find inviting living spaces with wood-accent walls, cozy fireplaces, and multiple areas to relax or gather. The kitchens are well equipped with ample cabinetry and workspace, and the bedrooms are generously sized with comfortable layouts and plenty of natural light. Updated bathrooms add

  James Wachob Foundation Property Management

  3661 Mccorkle Rd, Memphis, TN 38116
• 

  

  /8

  $109,500

  • 2 Beds
  • 1 Bath
  • 894 Sq Ft

  3271 Seminole Rd, Memphis, TN 38111

  Great starter home for a first-time homebuyer. Featuring 2 bedrooms, 1 bath, with a large living room. Seller financing is offered.

  Tammy Coleman Legendary Realty

  3271 Seminole Rd, Memphis, TN 38111
• 

  

  /28

  $120,000

  • 3 Beds
  • 1 Bath
  • 1,032 Sq Ft

  910 Annie St, Memphis, TN 38107

  Welcome to this charming 3 bedroom, 1 bathroom home featuring updated wood flooring and fresh paint throughout, giving the space a clean and inviting feel. The home offers a comfortable layout with plenty of natural light, creating a warm atmosphere from the moment you walk in. The updated flooring adds a modern touch while the neutral paint makes the home feel bright and move-in ready. With its

  Jeff Goff Keller Williams

  910 Annie St, Memphis, TN 38107
• 

  

  /10

  $180,000

  • Land
  • 14,810 Sq Ft
  • $529,412 per Acre

  1412 Madison Ave, Memphis, TN 38104

  Priced to sell! This lot is located in one of Midtown Memphis’ most recognizable and heavily traveled corridors, offering excellent visibility and consistent traffic ideal for business development or future investment. The property may be purchased individually or as part of a package with 1400 Madison Avenue. The total asking price for both properties (1400 & 1412 Madison Ave) is $455,000.

  Benjamin Winston KAIZEN Realty, LLC

  1412 Madison Ave, Memphis, TN 38104
• 

  

  /11

  $134,900

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,276 Sq Ft

  2859 Nathan Ave, Memphis, TN 38112

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2859 Nathan Ave, Memphis, TN 38112
• 

  

  /33

  $149,900

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,916 Sq Ft

  3265 Brakebill Cove, Memphis, TN 38116

  Located on a quiet cul-de-sac in the Graves Road subdivision, this classic brick-veneer residence offers a spacious 1,916 square foot floorplan on a level 0.229-acre (9975 sqft) lot. Built in 1967, the interior features three bedrooms and two full bathrooms, highlighted by a traditional layout that includes a formal dining room and a dedicated breakfast nook conveniently located off the kitchen.

  Alexis Martz Trelora Realty

  3265 Brakebill Cove, Memphis, TN 38116
• 

  

  /8

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,416 Sq Ft

  4255 Emerson Cove, Memphis, TN 38128

  Quiet cove living in the heart of Raleigh! This solid 3-bedroom, 1-bathroom brick ranch offers approximately 1,416 sq. ft. of comfortable living space. The interior features a functional layout with all bedrooms on the main level, separate living areas, and a mix of hardwood and tile flooring. The exterior boasts a low-maintenance brick veneer, a two-car attached carport, and a spacious level lot

  Christopher Stjernholm Trelora Realty

  4255 Emerson Cove, Memphis, TN 38128

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