Memphis, TN Homes for Sale under $200,000

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  /2

  $98,000

  • 2 Beds
  • 1 Bath
  • 886 Sq Ft

  2775 Windsor Pkwy, Memphis, TN 38127

  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. Over

  Harry Samuels Pinnacle Realty

  2775 Windsor Pkwy, Memphis, TN 38127
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  /19

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,480 Sq Ft

  4801 Northfield Cir, Memphis, TN 38128

  Spacious and beautifully maintained home located in the desirable Northfield neighborhood. This inviting property at 4801 Northfield Cir offers a functional layout with generous living spaces, abundant natural light, and thoughtful updates throughout. The kitchen features ample cabinetry and workspace, flowing seamlessly into the main living and dining areas—perfect for everyday living and

  Michael Nix eXp Realty, LLC

  4801 Northfield Cir, Memphis, TN 38128
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  /22

  $189,900

  • 5 Beds
  • 2 Baths
  • 2,239 Sq Ft

  5114 Jessie Lee Ln, Memphis, TN 38118

  Move right in! This is the one you've been waiting for!! This home is 5 bedrooms all on ONE level! With ample living area and bedrooms galore, this is one you will not want to pass up!!

  Jamie Green River City Land Co., LLC

  5114 Jessie Lee Ln, Memphis, TN 38118
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  /32

  $84,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,025 Sq Ft

  645 Parkrose Rd, Memphis, TN 38109

  Charming single-story home featuring 3 bedrooms and 1 full bath in an established Memphis neighborhood. This property offers a functional layout with an eat-in kitchen, spacious living area, attached carport, and a level lot with driveway parking. This property is being sold AS-IS.

  Tiffany Jones Trelora Realty

  645 Parkrose Rd, Memphis, TN 38109
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  /13

  $119,000

  $1K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,260 Sq Ft

  560 W Peebles Rd, Memphis, TN 38109

  Really nice 4bed 2bath home. Home has brand new kitchen (new kitchen counter tops, new sink, new tile, new cabinets) Tons of space for buyers. Brick and stone exterior with a nice front porch. Another awesome bonus---This home qualifies for special 100% financing for owner occupant buyers! FHA/VA/ Conventional offers welcome! Seller also selling 2229 Zanone, 2442 Manchester, and 2701 Frayser, and

  Tyler Tapley Crye-Leike, Inc., REALTORS

  560 W Peebles Rd, Memphis, TN 38109
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  /3

  $100,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 1,108 Sq Ft

  3533 Douglass Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is tenant occupied for $895/mo. 35k in rehab done to this property in the past year! 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

  William Haynes Crye-Leike, Inc., REALTORS

  3533 Douglass Ave, Memphis, TN 38111
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  /27

  $193,000

  $22K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,119 Sq Ft

  4532 Janice Ave, Memphis, TN 38122

  Welcome to this beautifully updated home in the sought-after Berclair area! Featuring 3 bedrooms, 1 bath, 23x8 sunroom, a detached 2-car garage in as-is condition, and an additional 2-car carport, this property offers space, convenience, and charm. Inside, you’ll find hardwood floors in the living room and bedrooms, along with a renovated kitchen and bathroom showcasing new cabinets and quartz

  Donnie Morrow eXp Realty, LLC

  4532 Janice Ave, Memphis, TN 38122
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  /19

  $199,900

  • 3 Beds
  • 1 Bath
  • 1,227 Sq Ft

  1343 Dearing Rd, Memphis, TN 38117

  Cute one level home with 3 bedrooms, separate living room / dining room plus a spacious den in a prime East Memphis location. Brand new hot water heater and fresh paint. Covered patio in the back with a storage building, plus washer, dryer and refrigerator.

  Olena Petrova Petrova Realty, LLC

  1343 Dearing Rd, Memphis, TN 38117
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  /21

  $144,000

  $21K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,004 Sq Ft

  797 University St, Memphis, TN 38107

  Located walking distance to Rhodes College. This home features 2 bedrooms, 1 bath, Family Room, Dining Room and Kitchen. 1 Car detached garage plus storage building. Rear parking also available. Vinyl exterior, hardwood flooring, central HVAC. Move in Ready.

  Rachel Gilliam Crye-Leike, Inc., REALTORS

  797 University St, Memphis, TN 38107
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  /8

  $100,000

  $20K PRICE DROP

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

  4826 Leonard Rd, Memphis, TN 38109

  4 bedroom 1.5 Bath Home~~with No Maintenance exterior and Single carport~~ Central HVAC~~Luxury Vinyl Thru-out~~Being sold thru Auction Means only~~ 5% Buyer premium charged to buyer at closing.

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
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  /14

  $87,000

  $3K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,061 Sq Ft

  2028 Amity Ave, Memphis, TN 38108

  This property is truly move-in ready and offers an excellent opportunity for a homeowner or investor. While the home was listed during the renovation process, all work has now been completed. The home has been fully renovated from top to bottom, featuring new wiring, new plumbing, a new electrical panel, a new water heater, and a new roof, new floor and many others. A new home security system has

  Keino Spring Harris & Harris Realty Group

  2028 Amity Ave, Memphis, TN 38108
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  /11

  $175,000

  • 4 Beds
  • 2 Baths
  • 1,380 Sq Ft

  4443 Suncrest Dr, Memphis, TN 38127

  INVESTORS!- Brand new construction with 1 yr. builder warranty- Market rent-$1650.00-Year 1 Zero CAPX! Get involved in a growing and gentrifying investment market, take advantage of cash flow and equity growth. No wholesalers or owner finance offers.

  Brett Bernard The Stamps Real Estate Company

  4443 Suncrest Dr, Memphis, TN 38127
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  /8

  $97,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 826 Sq Ft

  2119 Pendleton St, Memphis, TN 38114

  INVESTOR SPECIAL! Tenant-occupied and producing $865/month. Professionally managed. Fully renovated in 2022 with key mechanicals replaced, plus 2025 updates before current tenant move-in. Lease active until 8/31/26. Reports available. Showings only after accepted offer. No wholesale or creative terms.

  Jeremy Veldman KAIZEN Realty, LLC

  2119 Pendleton St, Memphis, TN 38114
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  /2

  $5,000

  $6K PRICE DROP

  • Land
  • 1,742 Sq Ft
  • $125,000 per Acre

  783 Mississippi Blvd, Memphis, TN 38126

  Portfolio List Price: $185,000 Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio

  Austin Rowe Onward Real Estate

  783 Mississippi Blvd, Memphis, TN 38126
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  /23

  $150,000

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

  1621 Oakwood St, Memphis, TN 38108

  Discover an outstanding investment opportunity with this fully renovated duplex at 1621 & 1623 Oakwood Street in Memphis! Whether you're looking to expand your rental portfolio or invest in an income-producing property, this move-in-ready duplex checks all the boxes. Both units have been beautifully updated with fresh interior and exterior paint, luxury vinyl plank flooring, new kitchen cabinets,

  Melissa Blume Thompson eXp Realty

  1621 Oakwood St, Memphis, TN 38108
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  /2

  $17,500

  $3K PRICE DROP

  • Land
  • 9,583 Sq Ft
  • $79,545 per Acre

  1040 Fields Rd, Memphis, TN 38109

  Builders / Investors get your building plans ready! Lot sold "AS IS / WHERE IS." Buyer to conduct due diligence. Please submit Approval / Proof of Funds with offer. NO WHOLESALE OFFER OR TRANSFER OF CONTRACT. **Forbid showing and negotiation with seller.** Adjacent lot 1036 Fields Rd is for sale.

  Wonda McGowan McGowan Homes & R/E Services

  1040 Fields Rd, Memphis, TN 38109
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  /20

  $160,000

  • 3 Beds
  • 1 Bath
  • 1,157 Sq Ft

  2889 Randy Cove, Memphis, TN 38118

  Affordable ranch-style home with updated kitchen, bathroom, and bedrooms, luxury vinyl flooring throughout, carport, spacious backyard for outside activities., new appliances, and new installation in the attic. The exterior has also been modernized. Don’t miss this inviting 1-story home featuring 3 bedrooms and 1 bathroom with a comfortable layout designed for everyday living. The main living

  Jamie Green Harris Realty Services

  2889 Randy Cove, Memphis, TN 38118
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  /2

  $5,000

  $5K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $62,500 per Acre

  1401 Latham St, Memphis, TN 38106

  Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. PLEASE contact listing agent for more information on this & other active lots

  Dawn Kinard Welch Realty, LLC

  1401 Latham St, Memphis, TN 38106
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  /16

  $42,500

  • 3 Beds
  • 1.5 Baths
  • 1,721 Sq Ft

  460 Fox Valley Dr, Memphis, TN 38127

  Owner/agent - selling as is where is Call to schedule a showing

  Reginald Williams BROC Properties

  460 Fox Valley Dr, Memphis, TN 38127
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  /2

  $4,500

  • Land
  • 5,227 Sq Ft
  • $37,500 per Acre

  1462 Standridge St, Memphis, TN 38108

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  1462 Standridge St, Memphis, TN 38108
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  /10

  $40,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,600+ Sq Ft

  3043 Sax Rd, Memphis, TN 38109

  Investor Special – Motivated Seller! This property sits on a large lot and is being sold AS-IS. It’s a full rehab opportunity for the right buyer with vision! Whether you’re looking for your next flip, rental project, or a chance to build equity from the ground up, this home is priced to move. Seller did replace the roof

  Tanika Bland BEST Real Estate Company

  3043 Sax Rd, Memphis, TN 38109
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  /3

  $95,000

  • 3 Beds
  • 1 Bath
  • 1,115 Sq Ft

  4612 Newton Dr, Memphis, TN 38109

  INVESTORS ONLY!!! Lovely 3bed 1bath Brick home currently rented for $895/mo with covered parking. This could be a great addition to your portfolio. Professionally managed. No sign in yard, please do not disturb tenants. Lease and Ledger available upon request. ONLINE VIDEO AVAILABLE UPON REQUEST. No creative or owner financed offers. No wholesale or assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4612 Newton Dr, Memphis, TN 38109
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  /19

  $100,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104

  Four "Belvedere Gardens" Units for sale as a package deal for $360,000. Individual Prices available. Two 2-bedroom units and two 1-bedroom units available. Three furnished units are at 108 N Belvedere. THIS UNIT is $100,000 on its own. Unfurnished. 2 BR - 1 Bath - First floor flat. Central heat/air. refrigerator and range included. Gated entry to building. You may drive by, but parking is

  Felix Bishop Crye-Leike, Inc., REALTORS

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104
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  /14

  $124,900

  • 2 Beds
  • 2 Baths
  • 817 Sq Ft

  6729 Quail Hollow Ct Unit 3, Memphis, TN 38120

  Nice 2bed/2ba flat located in Whispering Oaks Condominiums. This ground level condo is move in ready and would make a great home or investment property. The condo features wood laminate flooring in main living areas, breakfast bar, a covered patio, and much more! Professionally managed community w/pool & clubhouse, close proximity to restaurants and shopping.

  Court Satterfield Faith Management & Realty Grou

  6729 Quail Hollow Ct Unit 3, Memphis, TN 38120
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  /4

  $4,500

  • Land
  • 10,018 Sq Ft
  • $19,565 per Acre

  2129 Yazoo St, Memphis, TN 38106

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  2129 Yazoo St, Memphis, TN 38106
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  /3

  $130,000

  • 3 Beds
  • 1.5 Baths
  • 1,548 Sq Ft

  3131 Curtis St, Memphis, TN 38118

  Leased at $1,245/mo through 3/31/2027. Well-maintained 3BR/1.5BA brick home with 1,548 SF, spacious living areas, fireplace, laundry hookups, and a large lot. Convenient to FedEx, Evans Elementary, Wooddale Middle & High, Kroger, Walmart, Parkway Village Shopping Center, St. Francis Hospital, Dixon Gallery & Gardens, and I-240, supporting strong long-term rental demand. Seller also selling 2292

  James Wachob Foundation Property Management

  3131 Curtis St, Memphis, TN 38118
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  /21

  $185,000

  • 2 Beds
  • 1 Bath
  • 1,022 Sq Ft

  3522 Stuart Rd, Memphis, TN 38111

  Well maintained investment property in the Sherwood Forest neighborhood. Front house has 2bedrooms - 1bath, living and dining room adequate living space. Back house offers 2-stories 1bedroom, 1bath full size kitchen laundry area and a walk out deck Great rental or AirBNB. Front house is currently tenant occupied.

  Karen Gray REMAX Experts

  3522 Stuart Rd, Memphis, TN 38111
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  /29

  $75,000

  • 1 Bed
  • 1 Bath
  • 589 Sq Ft

  3589 Covington Pike Unit 112, Memphis, TN 38128

  This 1 Bedroom 1 Bath Condo is located on the first floor with a walk up entrance. Newly updated with vinyl plank floors and updated bath and kitchen area. The large Atrium is a gathering spot for games and activities. There is a dining room for evening meals if you choose. You can have a pet in this unit. size is limited to 30lbs at maturity for dogs and limit of two. Other animals are

  George Langston Crye-Leike, Inc., REALTORS

  3589 Covington Pike Unit 112, Memphis, TN 38128
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  /10

  $124,900

  • 4 Beds
  • 2 Baths
  • 1,084 Sq Ft

  1410 Lyceum Rd, Memphis, TN 38106

  This property is leased at $995 per month through 05/25/2028. Fully renovated 4BR/2BA property built for long-term rental performance and low maintenance. Major upgrades include a new 30-year architectural roof, brand-new 3-ton HVAC system, and new LVP/tile flooring throughout. The kitchen has been completely updated with new cabinets, countertops, sink, and fixtures, while both bathrooms feature

  James Wachob Foundation Property Management

  1410 Lyceum Rd, Memphis, TN 38106
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  /15

  $65,000

  • 2 Beds
  • 1 Bath
  • 845 Sq Ft

  2825 Semmes St, Memphis, TN 38114

  Currently tenant-occupied at $650/month with a lease term extending through September 30, 2026. This property is being sold as-is and is primed for a value-add investor looking to execute renovations after the lease expires. With its manageable 832 sq. ft. footprint, this is a prime candidate for a strategic renovation. No wholesalers, or contract assignment. Please do not disturb the tenant.

  Sherry Roberts Advantage Property Management

  2825 Semmes St, Memphis, TN 38114
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  /2

  $12,000

  • Land
  • 6,098 Sq Ft
  • $85,714 per Acre

  857 Ioka Ave, Memphis, TN 38126

  Approx. 50' x 130' Vacant Lot Ready for Development! Excellent opportunity for builders, investors, or those looking to construct a new home. Conveniently located near I-240 with easy access to the airport, Downtown Memphis, shopping, dining, schools, and major employment centers. Buyer to verify all information deemed important, including zoning, utilities, lot dimensions, building requirements,

  Dawn Kinard Welch Realty, LLC

  857 Ioka Ave, Memphis, TN 38126
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  /3

  $45,500

  • 3 Beds
  • 2 Baths
  • 1,928 Sq Ft

  872 Stafford Ave, Memphis, TN 38106

  Large 3/2 with 10ft ceilings in Soulsville Complete Rehab, but Diamond in the Rough Investor Special !!!

  Reginald RL Pruitt Assured Real Estate Services

  872 Stafford Ave, Memphis, TN 38106
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  /2

  $70,000

  • 2 Beds
  • 1 Bath
  • 835 Sq Ft

  2340 Hernando Rd, Memphis, TN 38106

  2 bedroom, 1 bath home with a spacious backyard. Tenant-occupied Section 8 rental producing $1,150/month in guaranteed income with a stable tenant in place. Tenant utilizes an additional room as a third bedroom, though it is not officially classified. Interior access permitted only after an accepted contract, contingent upon interior inspection, to minimize disruption to the tenant. Please do not

  LaTonya Hammond Lawrence Johnson, REALTORS

  2340 Hernando Rd, Memphis, TN 38106
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  /35

  $169,900

  $75K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,895 Sq Ft

  756 Garland St, Memphis, TN 38107

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Just mins away from Rhodes College and Crosstown Concourse! Charming and full of character, this well-maintained duplex currently operating as a successful Airbnb blends classic details with comfortable, flexible living spaces. Each unit offers bright interiors, updated flooring, neutral tones, and plenty of natural light. Cozy yet

  James Wachob Foundation Property Management

  756 Garland St, Memphis, TN 38107
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  /10

  $160,000

  $25K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,645 Sq Ft

  4594 Sea Isle Rd, Memphis, TN 38117

  25k Price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property could be worth a lot of money once fixed up. 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

  William Haynes Crye-Leike, Inc., REALTORS

  4594 Sea Isle Rd, Memphis, TN 38117
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  /8

  $179,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,215 Sq Ft

  4029 Hermitage Dr, Memphis, TN 38116

  Courtney Perkins Integrity Real Estate Services

  4029 Hermitage Dr, Memphis, TN 38116
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  /14

  $169,900

  New Construction $5K PRICE DROP

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

  770 Cherokee Ave, Memphis, TN 38106

  Beautiful new construction in a very nice and quiet block of South Memphis. The home features three bedrooms and two full bathrooms, a primary bedroom, a spacious laundry room, a large open-concept living room, dining room, and a kitchen with soft-close shaker cabinets, quartz countertops, a large island, and a separate pantry.

  Jonathan Minerick homecoin.com

  770 Cherokee Ave, Memphis, TN 38106
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  /5

  $39,900

  • 4 Beds
  • 1 Bath
  • 1,072 Sq Ft

  1339 N Willett St, Memphis, TN 38108

  Investor Special / Full Rehab Opportunity in North Memphis, currently boarded & needs full renovations & best suited for experienced investors, flippers, cash buyers, or landlords. Located near Hyde Park/Hollywood, Chelsea Ave, Gooch Park, Klondike, Crosstown, Downtown Memphis, St. Jude, the Medical District, MATA bus routes, schools, parks, & major job corridors. Similar renovated homes in the

  Glenn McDonald Integrated Assets

  1339 N Willett St, Memphis, TN 38108
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  /2

  $7,100

  • Land
  • 3,484 Sq Ft
  • $88,750 per Acre

  1824 Rozelle St, Memphis, TN 38106

  Level lot for sale under $10,000. Also selling 1832 Rozelle.

  Virgil Pryor Harris Realty Services

  1824 Rozelle St, Memphis, TN 38106
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  /24

  $139,900

  • 3 Beds
  • 1 Bath
  • 1,361 Sq Ft

  864 Dickinson St, Memphis, TN 38107

  Fantastic investment opportunity. 8 year tenant just vacated. This will rent quickly. 3 Br, Den w/fp, living room or formal dining room, eat-in kitchen. CH/A (in storage). Sold as-is. Located in historic Vollentine/Evergreen neighborhood. Near Crosstown Concourse and Rhodes University. Huge back yard and big deck off back door. Large covered front porch. Large parking area in back yard. Move-in

  JILL BERRY J.D. Marks, Inc., REALTORS

  864 Dickinson St, Memphis, TN 38107

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