Memphis, TN Homes for Sale under $200,000

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  /2

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,372 Sq Ft

  385 Walker Ave, Memphis, TN 38126

  This home has already undergone significant updates and is ready for the next owner to complete the finishing touches. Much of the hard work is done—simply bring your vision to finish out the remaining areas and make it your own. Whether you’re an investor looking for your next project or a buyer wanting to customize a nearly completed renovation, this property offers exceptional potential at a

  Allison Brents 901, REALTORS

  385 Walker Ave, Memphis, TN 38126
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  /16

  $144,900

  • 3 Beds
  • 1.5 Baths
  • 1,606 Sq Ft

  1321 Merrycrest Dr, Memphis, TN 38111

  Huge 3 bedroom 1.5 Bath House, Separate Living Room, Large Den with fireplace, Bonus Room Upstairs. Central Heat and Air, Hardwood Floors except Kitchen and Bathrooms, Floored attic for Extra Storage. Fenced In Backyard. Convenient Location and very close to University of Memphis. An incredible opportunity for buyers looking to add their own personal touch.

  Ahmed Feroze The Stamps Real Estate Company

  1321 Merrycrest Dr, Memphis, TN 38111
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  /27

  $150,000

  • 1 Bed
  • 1 Bath
  • 880 Sq Ft

  730 Hedgegrove Dr Unit 4407, Memphis, TN 38117

  Welcome to Audubon Square, a gated East Memphis community with wonderful amenities that include 3 pools, 2 tennis courts & a clubhouse! This well-maintained 1-bed, 1- bath condo provides comfort, style & convenience. Highlights include a new HVAC system, updated bathroom, spacious living area with wood flooring, and a cozy dining nook. The kitchen features ample cabinet space and recessed

  Meredith Vezina Keller Williams

  730 Hedgegrove Dr Unit 4407, Memphis, TN 38117
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  /6

  $100,000

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

  3935 N Trezevant St, Memphis, TN 38127

  This well-located single-family home in the established Frayser area offers a solid opportunity for homeowners or investors seeking space, character, and potential. Situated on a generous lot in the Brookmeade Gardens subdivision, the property is vacant and ready for immediate possession. A spacious floor plan with a functional layout. One fireplace that adds warmth and character. Quiet

  Juliette Moore Crye-Leike, Inc., REALTORS

  3935 N Trezevant St, Memphis, TN 38127
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  /30

  $188,000

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

  1358 Old Hickory Rd, Memphis, TN 38116

  Charming 3-bedroom, 2-bathroom home on a quiet street in the heart of Whitehaven. Built in 1961, this well-kept residence offers classic character with comfortable living spaces. Conveniently located near Graceland, shopping, dining, and major highways, you’ll enjoy both peace and accessibility. A great opportunity for first-time buyers or investors looking for a solid home in a prime location.

  Robert Hunt Epique Realty

  1358 Old Hickory Rd, Memphis, TN 38116
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  /18

  $109,950

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  3388 Lord Dunmore Cove, Memphis, TN 38134

  Well maintained 3 bed/2.5 bath condo in Bartlett! Pretty wood laminate floor in living areas ~ Main bedroom offers walk-in closet & full bath. Full hallbath. Huge attic space with attic pulldown. Private fenced patio.

  KC Lam Cordova Realty, Inc.

  3388 Lord Dunmore Cove, Memphis, TN 38134
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  /5

  $100,000

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

  2220 Hillside Ave, Memphis, TN 38127

  Updated 3BR/1BA Investment Gem in Frayser! Quiet street, solid cash flow, and major upgrades: electrical, plumbing, HVAC, roof, and driveway. Features tile shower, spacious bedrooms, and central heat/air. Lot spans 0.36 acres with driveway pad. Ideal for investors or first-time buyers. Part of a 4-property package deal: • 1660 S Wellington St – $79,000 • 1823 Cedarhurst Ave – $83,000 • 2607

  Curtis Bleeker KAIZEN Realty, LLC

  2220 Hillside Ave, Memphis, TN 38127
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  /2

  $110,000

  • 3 Beds
  • 1.5 Baths
  • 1,187 Sq Ft

  3566 Ladue St, Memphis, TN 38127

  This property is ready. Hardwood throughout, upgraded units, heating and air and roof. 3 bedrooms and 1.5 baths. Don’t miss this next opportunity to live in established brick home with large picture window, large backyard and shed.

  Marceline Williams LPT Realty, LLC

  3566 Ladue St, Memphis, TN 38127
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  /38

  $130,000

  • 2 Beds
  • 2 Baths
  • 1,234 Sq Ft

  1960 N Parkway Unit 901, Memphis, TN 38112

  Don’t miss this rare corner unit in the Historic Parkway House Condominiums at 1960 N. Parkway. Perched on the 9th floor, Unit 901 (can't get much more Memphis than that) is filled with natural light and offers spectacular panoramic views of Memphis and its lush tree canopy. This spacious 2-bedroom residence features concrete floors throughout, a large great room, a generous dining area, a

  Amanda Lott BHHS McLemore & Co., Realty

  1960 N Parkway Unit 901, Memphis, TN 38112
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  /19

  $155,000

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

  2892 Saint Elmo Ave, Memphis, TN 38127

  Welcome to 2892 St. Elmo Ave, a beautifully renovated 3 bedroom, 2 full bathroom home located in the heart of Frayser. This exquisite home offers a perfect blend of modern amenities and classic charm, making it an ideal choice for aspiring homeowners. This home is also located in a majority-minority census tract, making the opportunity of down payment assistance programs available to most

  Anthony Prince Harris Realty Services

  2892 Saint Elmo Ave, Memphis, TN 38127
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  /3

  $140,000

  • 3 Beds
  • 2 Baths
  • 1,171 Sq Ft

  4572 Summer Creek Cove, Memphis, TN 38141

  Income producing investment property currently tenant-occupied, month-to-month, bringing 1005.00 per month in rent. Great addition to any portfolio! No showings without an accepted offer.

  Flor Bernal Crye-Leike, Inc., REALTORS

  4572 Summer Creek Cove, Memphis, TN 38141
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  /22

  $144,000

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3788 Bishops Bridge Rd, Memphis, TN 38118

  Welcome to this 3 bed, 1 bath home featuring a great layout with a spacious eat-in kitchen, a large living room ideal for entertaining, and a generous laundry room/pantry for extra storage and convenience. The covered porch provides additional gathering space and overlooks a big backyard with a sizable storage shed. Located across the street from a school with quick access to the interstate, the

  Lawson Roberts KAIZEN Realty, LLC

  3788 Bishops Bridge Rd, Memphis, TN 38118
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  /24

  $100,000

  • 2 Beds
  • 2 Baths
  • 1,204 Sq Ft

  767 Semmes St, Memphis, TN 38111

  -This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. -All offers must be entered through propoffers.com. -An offer management fee of $200 (plus sales tax, where applicable) is charged by Pyramid

  Chris Mosby ResiAmerica, Inc.

  767 Semmes St, Memphis, TN 38111
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  /7

  $116,500 New Construction

  • 1 Bed
  • 1 Bath
  • 687 Sq Ft

  818 Semmes St, Memphis, TN 38111

  Beautiful one-bedroom, one-bathroom cottage with an office known as "Merigold Cottage" is now available for first-time homebuyers only. NO investors. Buyer must meet HUD 2025 80% AMI total household income eligibility. See info in MLS docs. The Seller is offering a one-year builder's warranty, and $25K downpayment assistance is also available. Range/oven and dishwasher will be installed before

  Tammy Coleman Legendary Realty

  818 Semmes St, Memphis, TN 38111
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  /27

  $109,000

  • 3 Beds
  • 2 Baths
  • 1,216 Sq Ft

  3646 Overton Crossing St, Memphis, TN 38127

  Nicely upkept and recently updated 3 Bed 2 Bath home perfect for owner occupants or investors looking to add to their portfolio. LVP flooring throughout, ring doorbell camera, range, washer and dryer included. Large corner lot with partially fenced yard and plenty of parking.

  Michael Valenza eXp Realty, LLC

  3646 Overton Crossing St, Memphis, TN 38127
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  /12

  $100,000

  • 3 Beds
  • 1 Bath
  • 1,134 Sq Ft

  5378 Beaverton Dr, Memphis, TN 38127

  Nice 3 bedroom 1 bathroom home that was just recently rehabbed in Fall 2025 and is being offered at a great price. Home has new interior paint, new flooring, new fixtures, plus NO CITY TAXES. This could be a great primary residence or a nice long term investment property if an investor wanted to buy it and rent it. Brick exterior and roof appears to be in good shape. Nothing to do but move-in!

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5378 Beaverton Dr, Memphis, TN 38127
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  /17

  $134,900

  • 3 Beds
  • 1 Bath
  • 1,059 Sq Ft

  190 E Fernwood Ave, Memphis, TN 38109

  This beautiful home has been completely updated from top to bottom! It features a new 30-year architectural roof, fresh paint inside and out, updated lighting, and beautiful commercial-grade, low-maintenance waterproof LVP flooring. The bathroom has been fully renovated with new tile, vanity, tub, mirror, and lighting. The kitchen boasts brand-new cabinets with soft-close drawers, new

  Wei Zhai eXp Realty, LLC

  190 E Fernwood Ave, Memphis, TN 38109
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  /2

  $115,000

  • 2 Beds
  • 1 Bath
  • 1,288 Sq Ft

  1452 Castalia St, Memphis, TN 38114

  INVESTOR SPECIAL!!! Investors are welcomed!!! Perfect for investors who want a fully renovated home to added to their portfolio!! Tenant set to move Jan 2026. Home was fully rehabbed in 2022 with numerous upgrades including new flooring throughout, new windows, updated bathroom, new fixtures, new HVAC system and new water heater. Guaranteed income with minimal maintenance needs.

  Ivana Johnson Coldwell Banker Collins-Maury

  1452 Castalia St, Memphis, TN 38114
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  /7

  $115,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4503 Beacon Hill Dr, Memphis, TN 38127

  Welcome to 4503 Beacon Hill Drive! This tenant-occupied 3-bedroom, 1-bath home features hard surface flooring throughout, a spacious living area, and a modern kitchen with large shaker cabinets. All bedrooms are on one level, with a separate dining area and central heat and air for year-round comfort. Enjoy a large fenced backyard and a driveway pad for off-street parking. Perfect for a first

  James Wachob Foundation Property Management

  4503 Beacon Hill Dr, Memphis, TN 38127
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  /18

  $165,000

  • Land
  • 4.03 Acres
  • $40,943 per Acre

  0 Macon Rd Unit 10186997, Cordova, TN 38016

  Rare find! This beautiful 4-acre parcel has been lovingly owned by the seller for nearly 50 years and is now available for you to build your dream home. Enjoy a slice of the country life just a half mile from shops and restaurants. No city taxes! Utilities and public water at frontage. Will require septic system. Soil Mapping has been completed and property has good soil for septic. Ready for you

  Larry Holtermann Coldwell Banker Collins-Maury

  0 Macon Rd Unit 10186997, Cordova, TN 38016
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  /31

  $116,500

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

  3245 Sinclair St, Memphis, TN 38127

  Investment opportunity. Tenant occupied property available for sale. Investors only. Brick home with three bedrooms, one and a half baths and covered parking on a quiet street. Professionally managed, lease and ledger available upon request. Currently rented for $1095/mo. Seller is also has 449 Fernwood, 1675 Haywood, 1247 Vistaview, (can buy these homes in bulk or individually). Property was

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3245 Sinclair St, Memphis, TN 38127
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  /30

  $189,900 New Construction

  • 4 Beds
  • 2 Baths
  • 1,387 Sq Ft

  5186 Broken Oak Dr, Memphis, TN 38127

  Step into a home that simply feels right. 5186 Broken Oak Dr offers the kind of layout and atmosphere today’s buyers are looking for. Open, comfortable, and easy to live in. Natural light fills the main living spaces, creating a warm, welcoming environment from the moment you walk in. The heart of the home flows effortlessly, making it ideal for both relaxed everyday living and entertaining. The

  Gregory Griffin Franchise Realty, LLC

  5186 Broken Oak Dr, Memphis, TN 38127
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  /18

  $119,900

  • 3 Beds
  • 2 Baths
  • 1,241 Sq Ft

  6521 Wimble Rd, Memphis, TN 38134

  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 blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  6521 Wimble Rd, Memphis, TN 38134
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  /33

  $180,000

  • 1 Bed
  • 1 Bath
  • 811 Sq Ft

  66 Monroe Ave Unit 504, Memphis, TN 38103

  Experience Downtown Living at Its Best! Don’t miss this incredible opportunity to own a piece of Memphis history in the iconic Shrine Building, ideally located at Monroe & Front. Step outside and enjoy easy access to AutoZone Park, Main Street, and Beale Street—all just a short walk away. This 5th-floor condo features a spacious 1-bedroom layout with a separate flex room, perfect for a home

  Sam White Crye-Leike, Inc., REALTORS

  66 Monroe Ave Unit 504, Memphis, TN 38103
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  /2

  $175,000

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

  1039 Lagrange Ave, Memphis, TN 38107

  Welcome to 1039 Lagrange Avenue, a cozy 4-bedroom, 2-bath home in a convenient Memphis location. This well-maintained property features luxury vinyl plank flooring throughout, fresh paint, a spacious living area, and a modern kitchen with new shaker cabinets. Enjoy a large yard perfect for outdoor activities. Amenities include central air, ceiling fans, climate control, heat, mirrors, vinyl

  James Wachob Foundation Property Management

  1039 Lagrange Ave, Memphis, TN 38107
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  /9

  $165,000

  • 4 Beds
  • 1 Bath
  • 1,872 Sq Ft

  803 Ledbetter Ave, Memphis, TN 38109

  Fantastic investment opportunity in the Westwood area. This 4br/1 bath single-family home has been recently updated in 2025. Great for an investor or first time homebuyer. Cash flowing with a monthly rental amount of $1495. No wholesaler offers or offers with assignment of contract language will be accepted.TENANT OCCUPIED, PLEASE DO NOT APPROACH OR DISTURB TENANTS

  DonAngela Johnson Crye-Leike, Inc., REALTORS

  803 Ledbetter Ave, Memphis, TN 38109
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  /21

  $184,800

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

  113 Pettite Cove, Memphis, TN 38109

  Don’t miss this rare opportunity to own a truly move-in ready home. Schedule a tour today and see how this fresh renovation can be your next chapter in Memphis living! The list price is $184,849, contact me or have your agent contact me to see how a first time homebuyer can get into this home for $138,537. You must qualify . Seller will consider doing a one year lease.

  Charlene Bailey Exit Realty Blues City

  113 Pettite Cove, Memphis, TN 38109
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  /32

  $149,900

  • 5 Beds
  • 1.5 Baths
  • 1,771 Sq Ft

  4314 Ford Rd, Memphis, TN 38109

  This 5-bedroom, 1.5-bath home features an eat-in kitchen and a bright living area. All rooms provide flexible layouts with ample natural light. The home includes a carport for covered parking and a large corner lot with space for landscaping or outdoor activities. Interiors have been updated, while the practical layout ensures functional flow throughout. Located near major roads and neighborhood

  Alexis Martz Trelora Realty

  4314 Ford Rd, Memphis, TN 38109
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  /11

  $200,000

  • 3 Beds
  • 1.5 Baths
  • 1,311 Sq Ft

  1782 Cornelia Ln, Memphis, TN 38117

  Investor special! Located by Colonial Acres, this charming 3 bed/1.5 bath ranch-style home is up for sale in “as-is” condition. The home features numerous amenities such as central heating & air, dishwasher, laundry connections, ceiling fans, vinyl floors, carport, fully-fenced and gated backyard, and detached storage shed. The property is currently leased at $1450/month to tenants with a clear

  Matthew Gonzales You Found It Realty

  1782 Cornelia Ln, Memphis, TN 38117
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  /20

  $145,000

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

  4227 Bayliss Ave, Memphis, TN 38108

  Perfect 3 bed 2 bath in Berclair! If you are looking to expand your investment portfolio look no further either! With 3 bedrooms and 2 full baths it would make a great owner occupant home as well! Special financing options apply! Seller offering concessions to all qualified buyers! What an opportunity! Some rooms have been virtually staged to show the potential of this home! So many!

  Dana Whitworth Crye-Leike, Inc., REALTORS

  4227 Bayliss Ave, Memphis, TN 38108
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  /20

  $107,500

  • 3 Beds
  • 1.5 Baths
  • 1,586 Sq Ft

  732 E Davant Ave, Memphis, TN 38106

  This spacious layout features 3 oversized bedrooms, a separate den used an oversized bedroom, formal dining, and a cozy living room with fireplace. Hardwood floors and an open kitchen offer charm with upside. New paint and new flooring throughout.

  Sabaria Dean Fast Track Realty, LLC

  732 E Davant Ave, Memphis, TN 38106
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  /13

  $105,000

  • 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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  /24

  $149,900

  • 3 Beds
  • 1.5 Baths
  • 1,131 Sq Ft

  3193 Rendezvous Ln, Memphis, TN 38118

  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 blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3193 Rendezvous Ln, Memphis, TN 38118
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  /26

  $169,000

  • 3 Beds
  • 1 Bath
  • 1,136 Sq Ft

  740 Loeb St, Memphis, TN 38111

  Welcome to this spacious 3-bedroom, 1-bath home just minutes from the University of Memphis. Whether you’re a college student, looking for a primary residence, or seeking a solid investment property, this home checks all the boxes. Enjoy an inviting layout with hardwood floors throughout, a bonus room with laundry, a carport, and a large fenced in backyard. The roof is only 7 years old. Come see

  Court Satterfield Faith Management & Realty Grou

  740 Loeb St, Memphis, TN 38111
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  /15

  $130,000

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

  4564 Stage Rd, Memphis, TN 38128

  Super Cute 2 bedroom 1 Bath Down ~~New Exterior paint and roof~~Detached double carport/garage~~hardwood floors in bedrooms and living room/ dining room combo~~Big eat in kitchen ~ additional sqftg upstairs is finished with 2 more rooms but stairs are very steep ~ No Central heat and air~

  Scott Housewirth Crye-Leike Inc., REALTORS

  4564 Stage Rd, Memphis, TN 38128
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  /19

  $112,900

  • 2 Beds
  • 2 Baths
  • 817 Sq Ft

  6747 Quail Hollow Ct Unit 2, Memphis, TN 38120

  Excellent location condo in East Memphis prime location, stunning 2BD/2 FULL BATH in River Oaks neighborhood. Open floor, just a few steps from the pool. Split floor plan, all vinyl wood flooring, washer/dryer included, 3 pools on the property for your enjoyment. Can be long term owner-occupied or leased - a great investment. New kitchen granite countertop, New refrigerator, New oven, Low monthly

  Vivian Leow Arena International Realty, In

  6747 Quail Hollow Ct Unit 2, Memphis, TN 38120
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  /2

  $140,000

  • 2 Beds
  • 2 Baths
  • 1,179 Sq Ft

  3589 Covington Pike Unit 513, Memphis, TN 38128

  Updated 2 bed room 2 bath unit - new paint, new flooring, new bathroom and granite countertops. More pictures coming soon!

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 513, Memphis, TN 38128
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  /4

  $134,000

  • Land
  • 2.1 Acres
  • $63,810 per Acre

  4501 S 3rd St, Memphis, TN 38109

  Over 2 acres available in a prime commercial location. This is the perfect location to build your new commercial building. Perfect for an existing or future business!

  Jeff Goff Keller Williams

  4501 S 3rd St, Memphis, TN 38109
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  /18

  $155,000

  • 2 Beds
  • 1 Bath
  • 784 Sq Ft

  1774 Euclid Ave, Memphis, TN 38114

  Franchesca Filsinger Emmett Baird Realty, LLC

  1774 Euclid Ave, Memphis, TN 38114
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  /2

  $109,900

  • 3 Beds
  • 1 Bath
  • 1,400+ Sq Ft

  2766 Overton Crossing St, Memphis, TN 38127

  Tenant occupied month to month. Current rent is $1,195 a month. Recent turn key rehab in 2022.

  Joe King Marathon REALTORS, LLC

  2766 Overton Crossing St, Memphis, TN 38127

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