Memphis, TN Homes for Sale under $200,000

• 

  

  

  /22

  $192,900

  • 3 Beds
  • 2 Baths
  • 1,783 Sq Ft

  1969 E Holmes Rd, Memphis, TN 38116

  The property is currently tenant occupied, please do not disturb the tenant. The property underwent a renovation in 20205. The HVAC is 2017 (coil is 2018), new furnace (2025), roof is in good condition, and new dishwasher.

  Lauren McNary Marathon REALTORS, LLC

  1969 E Holmes Rd, Memphis, TN 38116
• 

  

  

  /20

  $129,000

  • 2 Beds
  • 2 Baths
  • 1,421 Sq Ft

  958 Birch St, Memphis, TN 38108

  ATTENTION INVESTORS! This spacious 3 bedroom 2 bathroom house will make an excellent addition to your portfolio! Completely refurbished and rented for $1,150/month and under professional management. Home features spacious den with fireplace, separate dining room, large master bedroom with convenient exterior access, large upstairs storage area, and much more! Conveniently located 1 mile from

  Jeremy Veldman KAIZEN Realty, LLC

  958 Birch St, Memphis, TN 38108
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  /11

  $173,000

  $2K PRICE DROP

  • 5 Beds
  • 2 Baths
  • 1,993 Sq Ft

  1004 N Highland St, Memphis, TN 38122

  PRIME INVESTMENT PACKAGE DEAL: Three income-producing properties (1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542 Berclair RD) for 520,000. Generating $5700 monthly with long-term tenants already in place, offering immediate cash flow and steady returns. Ideal for investors, SOLD AS A PACKAGE ONLY.

  Elizabeth Castillo BEST Real Estate Company

  1004 N Highland St, Memphis, TN 38122
• 

  

  

  /17

  $125,000

  • 2 Beds
  • 2 Baths
  • 910 Sq Ft

  3589 Covington Pike Unit 116, Memphis, TN 38128

  Completely updated, new flooring, new paint, new granite countertops, new baths. First floor with incredible view off patio. - must see! Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 2 bedroom 2 bath. Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant,

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 116, Memphis, TN 38128
• 

  

  

  /17

  $158,000

  • 3 Beds
  • 2 Baths
  • 1,666 Sq Ft

  3108 Mensi St, Memphis, TN 38127

  ATTENTION INVESTORS!! Fully renovated, turnkey income-producing asset with tenant in place. Currently leased at $$1,395, generating $223.26/month in cash flow through 4/28/2027 with a strong 5.82% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new HVAC system (condenser and furnace), new 40-gallon water heater, and a fully

  James Wachob Foundation Property Management

  3108 Mensi St, Memphis, TN 38127
• 

  

  /11

  $102,900

  • 3 Beds
  • 1 Bath
  • 1,041 Sq Ft

  3723 Wayne 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. Houses are not sold separately. 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

  3723 Wayne Ave, Memphis, TN 38122
• 

  

  /15

  $158,000

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

  760 E Mckellar Ave, Memphis, TN 38106

  ***BACK ON MARKET_ 5/16/25_ New Interior Paint*** Newly renovated in 2024, this 3 bedroom/ 2 full bath home is a MUST SEE! A yard lover's dream with plenty of room for backyard entertaining, patio relaxation, or adding additional living space sitting on almost 1/2 an acre. The home includes a 1 car garage, separate den, dining room and laundry room in addition to all wood floorings throughout the

  Toyraine Smith Grand Point Realty, LLC

  760 E Mckellar Ave, Memphis, TN 38106
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  /2

  $154,600

  $26K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,491 Sq Ft

  4793 Boeingshire Dr, Memphis, TN 38116

  Here is a desirable four bedroom, two bathroom home with one bedroom upstairs. Attractive curb appeal and may need some repairs upon gaining access. Near airport and all necessary neighborhood amenities. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer

  Lori Brown Realhome Services & Solutions

  4793 Boeingshire Dr, Memphis, TN 38116
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  /2

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,511 Sq Ft

  2714 Nix Cove, 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 rentalamount of $1,250/month, month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language willbe accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2714 Nix Cove, Memphis, TN 38127
• 

  

  /23

  $184,900

  • 3 Beds
  • 1 Bath
  • 1,424 Sq Ft

  222 Leath St, Memphis, TN 38105

  A Great Investment Opportunity. If you're looking for your next project this is it. Downtown location near the medical district with lots of opportunity. In the center of everything you would need. The opportunities currently in downtown consist of downtown revitalization, historic renovations, and the potential for high-yield, residential, or commercial projects in a business-friendly area. TN

  Lisa Nelson Exit Wise Master-Builders Real

  222 Leath St, Memphis, TN 38105
• 

  

  /30

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,539 Sq Ft

  134 W Holmes Rd, Memphis, TN 38109

  Move-in ready 3BR/2BA Whitehaven ranch! Single-story layout with spacious living, dining, and den/great room. Kitchen with functional space for everyday living. All bedrooms on main level. 2-car garage, 0.33-acre lot, and prime location near schools, shopping, and major routes. Affordable, convenient, and full of potential—don’t miss it!

  Christopher Stjernholm Trelora Realty

  134 W Holmes Rd, Memphis, TN 38109
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  /6

  $139,874

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

  4195 Cedartree Dr, Memphis, TN 38141

  TENANT OCCUPIED BACK ON MARKET BUYER FINANCING What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a

  Tijuana Wallace Keller Williams

  4195 Cedartree Dr, Memphis, TN 38141
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  /4

  $110,000

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3636 Spottswood Ave Unit 3, Memphis, TN 38111

  INVESTMENT OPPORTUNITY! This 2 bd/1ba condo is currently tenant occupied. Rented for $1150/mo. Right across the street from the University of Memphis! LVP throughout, new water heater, fresh paint, new cabinets, and electrical outlets have been updated. Start cash flowing right away. Showings only with an acceptable offer.

  Kelly Day SimpliHOM

  3636 Spottswood Ave Unit 3, Memphis, TN 38111
• 

  

  /10

  $172,000

  $13K PRICE DROP

  • 10 Beds
  • 3,301 Sq Ft

  488 Laclede Ave, Memphis, TN 38126

  Well kept and effecient 10 bedroom rooming house. Currently vacant but sellers have tenants on stand by.

  Christopher Batts C21 Patterson & Assoc. Real Es

  488 Laclede Ave, Memphis, TN 38126
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  /36

  $120,000

  $49K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,338 Sq Ft

  5013 Scheibler Rd Unit C1, Memphis, TN 38128

  A rare chance to own one of the cottages at Lutheran Village. This condo community is for residents 55 yrs and older. HOA fee includes 6 dinners a month with the option for add on meals, basic cable, 1 cleaning every other week, Shuttle to and from grocery store. Owner's amenities include access to fitness area, beauty shop, and guest room. There is a flex room that could be used as a 3rd bedroom

  Amanda Kirkman KAIZEN Realty, LLC

  5013 Scheibler Rd Unit C1, Memphis, TN 38128
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  /4

  $199,000

  $100K PRICE DROP

  • Land
  • 2.06 Acres
  • $96,602 per Acre

  129 W Brooks Rd, Memphis, TN 38109

  PRIME DEVELOPMENT OPPORTUNITY! This corner lot includes three adjacent parcels being sold together, offering a total of approximately 2.06 acres. Currently zoned R-6 Residential, these lots present an exceptional opportunity for consolidation and possible rezoning to commercial use. Located on a visible corner with high traffic and excellent access, this property is ideal for a variety of

  Ali Nawaz KAIZEN Realty, LLC

  129 W Brooks Rd, Memphis, TN 38109
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  /10

  $110,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3075 Debby St, Memphis, TN 38127

  Welcome to 3075 Debby Street, Memphis, TN 38127! This 3-bedroom, 1-bath home combines charm and modern updates, featuring hard surface flooring throughout and a bright, spacious living area. The kitchen boasts large shaker cabinets, while central heat and air provide year-round comfort. The large fenced backyard is ideal for outdoor activities or entertaining. Fully tenanted, this property offers

  James Wachob Foundation Property Management

  3075 Debby St, Memphis, TN 38127
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  /33

  $159,900

  $20K PRICE DROP

  • 3 Beds
  • 3 Baths
  • 1,794 Sq Ft

  1404 Old Hickory Rd, Memphis, TN 38116

  This single-story, brick-veneer ranch-style residence is situated on a level 0.491-acre lot within the Nam Ni Estates subdivision. Built in 1971, the home features a 3-bedroom, 3-bathroom floorplan. The interior layout includes a primary living space and a dedicated 20x18 family room. A central fireplace is located within the dining room area. The utility features include a dedicated 6x6 laundry

  Alexis Martz Trelora Realty

  1404 Old Hickory Rd, Memphis, TN 38116
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  /30

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,283 Sq Ft

  2081 Rose Garden Cove, Memphis, TN 38133

  Tucked away in a quiet cove, 2081 Rose Garden Ln in Memphis, TN offers the perfect blend of privacy, charm, and convenience! This inviting, move-in ready home features a spacious layout filled with natural light, comfortable living areas, and a welcoming atmosphere ideal for both everyday living and entertaining. The peaceful cove location means less traffic and a safer, more relaxed setting,

  Lauren Cansler Crye-Leike, Inc., REALTORS

  2081 Rose Garden Cove, Memphis, TN 38133
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  /24

  $199,900

  • 1 Bed
  • 1.5 Baths
  • 1,238 Sq Ft

  721 Litty Ct Unit 201, Memphis, TN 38103

  Downtown living hits its stride in this South Main Condo-walkable, stylish. Built in 2006, the second floor unit features wood floor throughout, tile in the baths. Kitchen has granite, stainless appliances and a breakfast bar. The layout includes a true bedroom plus a flexible second space perfect for an office or great room. Primary Bedroom features a full bath, also there is a half bath for

  Richard Travers Crye-Leike, Inc., REALTORS

  721 Litty Ct Unit 201, Memphis, TN 38103
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  /24

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,985 Sq Ft

  3312 University St, Memphis, TN 38127

  Turnkey investment opportunity. Tenant already in place through April 2027 and rented at $1,285/month. This 3BR/2BA home with 1,985 SF was fully renovated in 2022, including new roof, updated mechanicals, and all interior finishes. Low-maintenance property ideal for an investor seeking immediate cash flow and long-term rental potential. Spacious layout, updated condition, and established tenancy

  Chad Woelke Heritage Homes Co.

  3312 University St, Memphis, TN 38127
• 

  

  /18

  $169,900

  • 3 Beds
  • 1 Bath
  • 1,313 Sq Ft

  5552 Millbranch Rd, Memphis, TN 38116

  Charming 3-bedroom, 1-bath nicely refreshed and move-in ready. Featuring fresh paint, new carpet, a remodeled bathroom, and a new AC unit/furnace, this home offers comfort and peace of mind. Enjoy the added character of cedar wood closets and the privacy of a fenced-in yard, perfect for relaxing, entertaining, or pets. Conveniently located near shopping, dining, schools, and major roadways, and

  Shavona Davis United Real Estate Mid South

  5552 Millbranch Rd, Memphis, TN 38116
• 

  

  /11

  $120,000

  • 3 Beds
  • 2 Baths

  564 W Peebles Rd, Memphis, TN 38109

  TWO FOR ONE SPECIAL! Front house is 2bed 1bath, PLUS there is a rear detached 1bed 1bath unit rented for $400/mo. Seller has done a lot of repairs/upgrades in main home including: New Kitchen (new countertops, new tile, new cabinets) fresh interior/exterior paint, new flooring, upgraded bathrooms. Home qualifies for special 100% financing for owner occupant buyers. FHA/VA/Conventional offers

  Tyler Tapley Crye-Leike, Inc., REALTORS

  564 W Peebles Rd, Memphis, TN 38109
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  /4

  $150,000

  $25K PRICE DROP

  • Land
  • 1.43 Acres
  • $104,895 per Acre

  10972 U S Highway 64, Arlington, TN 38002

  BACK ON THE MARKET. For sale is the total of 1.43 acres for the lots located at 10972 and 10982. The property was rezoned as general commercial. There is about 261 feet of road frontage. Electrical and water are at the street. Soil map has been done for septic permit application.

  Elena Holcomb John Green & Co., REALTORS

  10972 U S Highway 64, Arlington, TN 38002
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  /2

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,742 Sq Ft

  2629 Tutwiler Ave, Memphis, TN 38112

  Fantastic investment opportunity in the Shelby area. This 4br/2 bath Duplex is in the 38112 area. Unit 2629 is Vacant. Unit 2631 is occupied for $839/month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2629 Tutwiler Ave, Memphis, TN 38112
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  /28

  $200,000

  • 4 Beds
  • 2 Baths
  • 1,893 Sq Ft

  2061 Peabody Ave, Memphis, TN 38104

  Instant equity in Cooper-Young! This 4-bedroom, 2-bath home is priced well below market value, offering a rare opportunity to build equity in one of Memphis’s most desirable neighborhoods. The flexible floor plan, unique layout, and must see sunroom create endless potential for an investor, house hacker, or homeowner ready to add value and make it their own. Located just minutes from some of

  Elliot Cerezo The Home Partners Realty

  2061 Peabody Ave, Memphis, TN 38104
• 

  

  /19

  $192,900

  • 2 Beds
  • 2.5 Baths
  • 1,619 Sq Ft

  3585 Bishops Gate Dr, Memphis, TN 38115

  Welcome to this well-maintained 2-bedroom, 2 bath townhouse offering comfort, functionality, and modern touches throughout. Step inside to an open layout featuring luxury vinyl flooring, neutral paint, and a spacious kitchen with quartz countertops, stainless steel appliances, and a breakfast bar perfect for everyday living and entertaining. The split floorplan offers two private suites, each

  Emanuel Martinez KAIZEN Realty, LLC

  3585 Bishops Gate Dr, Memphis, TN 38115
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  /25

  $115,000

  • 1 Bed
  • 1 Bath
  • 487 Sq Ft

  109 N Main St Unit 808, Memphis, TN 38103

  Live in the heart of downtown Memphis at the historic Claridge House on North Main! This freshly painted cozy studio condo offers stunning north-facing views of the city skyline and the iconic Pyramid. Enjoy a bright, open layout with updated modern lighting, a stylish backsplash, and brand-new kitchen appliances. The building is rich in amenities, including an indoor pool, gym, storage, rooftop

  Donnie Morrow eXp Realty, LLC

  109 N Main St Unit 808, Memphis, TN 38103
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  /2

  $167,500

  $8K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  3421 Adrick Rd, Memphis, TN 38128

  PACKAGE SALE. TWO properties. DRIVE-BY ONLY!!! No sign on properties. TENANT RIGHTS. DO NOT DISTURB TENANTS!!! Package includes 3421 Adrick Cv & 2865 Danville Cv. All properties rented & occupied. Total purchase price is $341,000. Combined monthly rent collected $2400. Text or call listing agent for more details. Properties NOT being sold separately. No showings without an accepted offer.

  Brook Loper 901 Properties

  3421 Adrick Rd, Memphis, TN 38128
• 

  

  /13

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,321 Sq Ft

  3873 Dante Ave, Memphis, TN 38128

  Move-in ready investment or owner-occupant opportunity! Currently tenant occupied with Section 8 income at $1,350/month but could potentially be owner-occupied in the future. No major repairs needed. FHA, VA & conventional financing considered. Features flexible living space, strong rental history & convenient Memphis location near shopping, schools & major roads. Great cash flow potential for

  Glenn McDonald Integrated Assets

  3873 Dante Ave, Memphis, TN 38128
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  /15

  $129,000

  • 3 Beds
  • 1 Bath
  • 1,220 Sq Ft

  3491 Hallbrook St, Memphis, TN 38127

  Beautiful home for first time home buyers. New windows, interior doors, new tile flooring, some hardwood floors, updated bathroom, updated kitchen, new patio, freshly painted interior and exterior. very large backyard great for family gatherings.

  Michelle Batts KAIZEN Realty, LLC

  3491 Hallbrook St, Memphis, TN 38127
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  /18

  $170,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 940 Sq Ft

  4439 Dunn Ave, Memphis, TN 38117

  This CHARMING 3 bedroom, 1 bathroom home is nestled in a peaceful neighborhood in East Memphis. Plenty of space, including 2 outdoor storage areas. With WELL-DESIGNED living space, this home blends CLASSIC charm with modern Comforts. Includes NEW MARBLE INSPIRED SHOWER and a NEW 2025 ROOF a Large YARD, and laundry closet. Located near shopping, dining, and parks, this home provides Convenient

  Shelbe Ramsey KAIZEN Realty, LLC

  4439 Dunn Ave, Memphis, TN 38117
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  /28

  $134,000

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

  5718 Quince Rd Unit 10, Memphis, TN 38119

  Move-in ready & beautifully updated 2 BR, 1.5 BA condo in the heart of East Memphis! Fresh paint throughout, NEW Scotch guard carpet w/premium pad, & LVT flooring in kitchen & upstairs bath. Kitchen features NEW Bosch whisper-quiet dishwasher, side-by-side fridge w/ ice & water, cooktop oven, & NEW high-capacity water heater. NEW high-efficiency HVAC system (compressor & furnace), NEW window

  Tracie Benetz Emmett Baird Realty, LLC

  5718 Quince Rd Unit 10, Memphis, TN 38119
• 

  /2

  $107,500

  Coming Soon

  • 3 Beds
  • 1 Bath
  • 1,390 Sq Ft

  1251 Lamar Ave, Memphis, TN 38104

  Make this home your project. Complete rehab needed. AS-IS

  Andre Pruitt TRG Real Estate Services LLC

  1251 Lamar Ave, Memphis, TN 38104
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  /15

  $165,000

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,030 Sq Ft

  820 Semmes St, Memphis, TN 38111

  Three-bedroom, 2-bathroom home available to low- to moderate-income first-time homebuyers. NO investors. The buyer must meet the HUD 2025 80% AMI total household income requirement. See info in MLS docs. One-year builder's home warranty offered. $25k downpayment assistance is available.

  Tammy Coleman Legendary Realty

  820 Semmes St, Memphis, TN 38111
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  /8

  $120,500

  $5K PRICE DROP

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

  706 Lester St, Memphis, TN 38112

  Turnkey rental in Binghampton ready to be added to your portfolio! 1br units each side, one side leased for $599 from 02/2026-02/2027 and other side $600 from 03/2026-03/2027! Minutes away from Overton Park, tons of shopping, dining and amenities along Summer and Broad Ave, also easy access to I-40. Please don’t disturb tenants and make all offers contingent upon inspection.

  Duane Kinnard Tri-Leake Realty

  706 Lester St, Memphis, TN 38112
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  /30

  $124,900

  $15K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,044 Sq Ft

  3860 Castleman St, Memphis, TN 38118

  This lovely 4-bedroom, 1.5 -bath ranch-style home greets you with a large front yard and inviting curb appeal. Inside, you'll find a comfortable layout ideal for everyday living. Perfect for first-time buyers or anyone seeking single-story convenience, this home blends comfort, charm, and modern touches.

  Alexis Martz Trelora Realty

  3860 Castleman St, Memphis, TN 38118
• 

  

  /10

  $105,000

  • 3 Beds
  • 2 Baths
  • 1,340 Sq Ft

  2888 Mercer Dr, Memphis, TN 38127

  Property is being sold in an as is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification

  JERRY EMERSON KING Williams & Williams Real Estate Auctions

  2888 Mercer Dr, Memphis, TN 38127
• 

  /2

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,800 Sq Ft

  4059 New Willow Rd, Memphis, TN 38111

  Lovely home newly renovated with new pant inside with a bonus new roof! Enjoy the spacious living rm, oversized eat in kitchen with built in stainless steel appliances, 2 bedrooms, 1 bath, and a fenced back yard that is perfect for entertaining and home bar -b ques! Call now, this one won't last long.

  Carol Tate Tate Realty and Construction

  4059 New Willow Rd, Memphis, TN 38111
• 

  

  /22

  $194,000

  $21K PRICE DROP

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

  4493 Quince Rd, Memphis, TN 38117

  Don’t miss this beautifully updated 3-bedroom, 2-bath home that combines comfort, style, and convenience. The modern kitchen boasts stainless steel appliances, solid surface countertops, and abundant cabinet space—ideal for cooking, entertaining, or everyday living. Enjoy the spacious open-concept layout, where the kitchen, dining area, and living room flow seamlessly together, creating a warm

  Kelvin Hendrix Brandywine Homes USA, LLC

  4493 Quince Rd, Memphis, TN 38117

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