Memphis, TN Homes for Sale under $200,000

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  /5

  $120,000

  $5K PRICE DROP

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

  944 Alice Ave, Memphis, TN 38106

  Charming home located in Memphis, TN, offering a welcoming atmosphere with its spacious living areas and abundant natural light. The property features 4 bedrooms and 2 bathrooms, providing ample space for all your needs. Enjoy the convenience of a well-appointed kitchen, a cozy living room, and a lovely backyard appropriate for outdoor activities. The home is situated in a friendly neighborhood

  Steven Koleno Beycome Brokerage Realty LLC

  944 Alice Ave, Memphis, TN 38106
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  /40

  $174,900

  $22K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,499 Sq Ft

  5627 Tulip Tree Dr, Memphis, TN 38115

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Welcome to 5627 Tulip Tree Dr! This charming 3-bedroom, 2-bath ranch offers a polished and versatile layout! Step inside to a bright interior featuring a formal living room, separate dining area, and a spacious den anchored by a cozy masonry fireplace. The eat-in kitchen offers a practical layout with a convenient laundry connection.

  James Wachob Foundation Property Management

  5627 Tulip Tree Dr, Memphis, TN 38115
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  /2

  $105,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,020 Sq Ft

  1863 Willow Wood Ave, Memphis, TN 38127

  Welcome to 1863 Willow Wood Avenue in Memphis! This 3-bedroom, 1-bath property offers a strong opportunity for investors seeking a solid addition to their portfolio. Featuring a functional layout with spacious living areas and well-sized bedrooms, this home is well-suited for steady rental income and long-term value. The property also includes a sizable yard with potential for future improvements

  James Wachob Foundation Property Management

  1863 Willow Wood Ave, Memphis, TN 38127
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  /30

  $189,000

  • 3 Beds
  • 2 Baths
  • 2,915 Sq Ft

  1057 Whitehaven Ln, Memphis, TN 38116

  New Roof!! New water heater! Spacious 3-bedroom, 2-bath two-story home situated on a massive lot. Built in 1938, this property showcases distinctive architectural details from its era, offering character you don’t find in modern construction. Ample shed and storage space provide excellent functionality. A solid opportunity for investors or buyers seeking a starter home with room to grow. Gorgeous

  Amanda Kirkman KAIZEN Realty, LLC

  1057 Whitehaven Ln, Memphis, TN 38116
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  /21

  $160,000

  • 1 Bed
  • 1 Bath
  • 833 Sq Ft

  107 S Front St Unit 23, Memphis, TN 38103

  Situated in the center of downtown Memphis, 107 S Front Street presents a unique chance to own property in a lively and growing area. Surrounded by popular restaurants, entertainment venues, and cultural attractions, this location offers convenient access to everything the city has to offer. Just a short walk from the Mississippi River and iconic Beale Street, the property places you near live

  Michael Nix eXp Realty, LLC

  107 S Front St Unit 23, Memphis, TN 38103
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  /32

  $171,500

  $8K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,638 Sq Ft

  3079 Tutwiler Ave, Memphis, TN 38112

  Step into 3079 Tutwiler, a fully renovated Memphis home where historic charm meets modern updates. This 4-bedroom, 2-bath residence features a spacious kitchen and dining room perfect for entertaining, a cozy den, and a sunroom off the primary suite with sliding glass doors—ideal for morning coffee or evening sunsets. The home shines with beautiful new floors and fresh paint throughout, offering

  Catherine Armstrong BHHS Taliesyn Realty

  3079 Tutwiler Ave, Memphis, TN 38112
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  /3

  $135,000

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,635 Sq Ft

  1170 Shadowline Dr, Memphis, TN 38109

  Great opportunity to add to your investment portfolio. This low-maintenance brick 4 bedroom, 2 bath home is tenant occupied and professionally managed. Current tenant has been in place since February 2018 at $1,250/month with a security deposit of $895. Lease is in place through February 28, 2027. Property is being sold as-is with tenant in place. Showings will be scheduled after an accepted

  Camela Henke Enterprise, REALTORS

  1170 Shadowline Dr, Memphis, TN 38109
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  /8

  $188,000

  • Land
  • 10,018 Sq Ft
  • $817,391 per Acre

  3511 Windgarden Cove, Memphis, TN 38125

  Rare opportunity!! This lot is located in a highly sought after gated golf course community, a perfect place to build your dream home! Walking distance to the 18th green and TPC clubhouse, It is just minutes away from shopping, dining, and schools.

  Tony Cai, CCIM eXp Realty, LLC

  3511 Windgarden Cove, Memphis, TN 38125
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  /34

  $109,900

  • 3 Beds
  • 1 Bath
  • 1,044 Sq Ft

  4033 Clearpool Circle Rd, Memphis, TN 38118

  This 1,044 sqft residence, built in 1950, features a traditional 3-bedroom, 1-bathroom interior in the Parkway Village area. Original hardwood flooring spans the living spaces, accented by a character-filled arched entryway that leads from the living room into the kitchen and dining area. The living room is anchored by a focal point stone and large brick fireplace. The kitchen and dining room are

  Tiffany Jones Trelora Realty

  4033 Clearpool Circle Rd, Memphis, TN 38118
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  /8

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,802 Sq Ft

  948 Springdale St, Memphis, TN 38108

  ATTENTION INVESTORS! Cash flowing duplex rented for $1,725/month ($795 and $930). Unit 948- lease is good until 5/31/2026, tenant has occupied the property since June 2017. Unit 950- lease is good until 10/10/2026, tenant has occupied the property since Oct 2024. Property was totally renovated in 2017 including- brand new roof, AC, furnace, water heater, plumbing, electrical and cosmetic updates.

  Jeremy Veldman KAIZEN Realty, LLC

  948 Springdale St, Memphis, TN 38108
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  /32

  $109,900

  $5K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,269 Sq Ft

  4504 Neely Rd, Memphis, TN 38109

  Charming 1,269 sq ft ranch in Whitehaven featuring 4 bedrooms and 1.5 baths. This functional layout includes a separate living and dining area, central HVAC, and an attached carport. Conveniently located near I-55 for easy commuting. Perfect for investors or first-time buyers seeking a move-in-ready property!

  Tiffany Jones Trelora Realty

  4504 Neely Rd, Memphis, TN 38109
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  /12

  $169,900

  $10K PRICE DROP

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

  3442 Knight Rd, Memphis, TN 38118

  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

  3442 Knight Rd, Memphis, TN 38118
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  /18

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,075 Sq Ft

  1304 Oak St, Memphis, TN 38106

  Preston Butts Coldwell Banker Collins-Maury

  1304 Oak St, Memphis, TN 38106
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  /27

  $145,000

  $15K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 771 Sq Ft

  2195 Poplar Ave Unit 303, Memphis, TN 38104

  Welcome to effortless living in the heart of Memphis! This beautifully maintained condo offers the perfect blend of comfort, convenience, and low-maintenance lifestyle. Step inside to find a spacious and inviting layout filled with natural light, featuring an open living and dining area ideal for both relaxing and entertaining. The kitchen provides ample cabinetry and workspace, while the bedroom

  Justin Lance Keller Williams

  2195 Poplar Ave Unit 303, Memphis, TN 38104
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  /27

  $175,000

  $18K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,451 Sq Ft

  3566 Monessen Dr, Memphis, TN 38128

  A very well maintained, move-in ready 3 bedroom, 1 1/2 Bathroom home! Large workshop with electricity and large fenced backyard. Updated full bath and beautiful solid wood floors throughout. An additional living space that could serve as another living room/den, bonus room, or extra bedroom. A great move-in ready owner occupant home or a nice investment property for rental portfolio! Call your

  Melissa Reed BHHS McLemore & Co. Realty

  3566 Monessen Dr, Memphis, TN 38128
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  /13

  $174,900

  • 3 Beds
  • 2 Baths
  • 1,193 Sq Ft

  4214 Meadow Valley Dr E, Memphis, TN 38141

  Tenant occupied. Valid lease until 1/28. Rented at $1,445 a month. This is a turnkey income producing rental that has recently been rehab. Pictures are after recent rehab.

  Joe King Marathon REALTORS, LLC

  4214 Meadow Valley Dr E, Memphis, TN 38141
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  /35

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,557 Sq Ft

  2015 E Holmes Rd, Memphis, TN 38116

  Welcome to this charming 3-bedroom, 2-bathroom ranch-style home in the heart of Whitehaven! Spanning 1,562 sq. ft., this well-maintained residence offers a functional layout perfect for families or investors. The interior features a spacious living area and a primary suite with a private bath. Situated on a generous 0.32-acre level lot, the property includes a large backyard ideal for outdoor

  Alexis Martz Trelora Realty

  2015 E Holmes Rd, Memphis, TN 38116
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  /9

  $149,900

  • 3 Beds
  • 2 Baths
  • 1,297 Sq Ft

  3082 Bluffdale St, Memphis, TN 38118

  Available now! Great home for homeowner or investor. Newly renovated and move-in ready. Spacious eat-in kitchen with dining room, separate living room, hardwood throughout, 2 car carport, large fenced-in backyard. Convenient location. House has just been freshly painted (Nov 2025) and cleaned and is move-in ready! Call today!

  Jeremy Veldman KAIZEN Realty, LLC

  3082 Bluffdale St, Memphis, TN 38118
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  /13

  $165,000

  New Construction

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

  3758 Longfellow Rd, Memphis, TN 38108

  RENTS MHA-$1700 per month! Beautiful 3 bed, 2 bath Brand New Construction! Comes with a 1 Year Builder Home Warranty. LVP flooring throughout, granite. Beautiful finishes and fixtures. Also, a Great Starter home! Please use Offer Information Sheet when writing your Offer. NOTE: No Owner Financing or Wholesalers. Pictures are of Model Home. This home is the exact same floor plan, square footage,

  Brett Bernard The Stamps Real Estate Company

  3758 Longfellow Rd, Memphis, TN 38108
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  /15

  $142,499

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

  4378 Sherrycrest Cove, Memphis, TN 38128

  NEW ROOF INSTALLED 5-5-2026. OWNER FINANCING AVAILABLE - CALL AGENT FOR MORE INFORMATION. Welcome to 4387 Sherry crest – a charming, move-in ready home perfect for first-time buyers, families, or investors! This well-maintained property features 3 spacious bedrooms and 2 full bathrooms, offering comfort and functionality. Enjoy cooking in the updated kitchen with stylish farm-style countertops,

  Mahmoud 'Mac' El-Aina Pinnacle Realty

  4378 Sherrycrest Cove, Memphis, TN 38128
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  /7

  $122,500

  $3K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,126 Sq Ft

  3447 Cook Rd, Memphis, TN 38109

  Price reduction! Fully renovated home in South Memphis near Downtown and the Airport. Ideal for an investor looking to add a cash-flowing, low-maintenance investment property to their portfolio. Call the listing agent for more information.

  Bradley Puckett CB Properties of Memphis, LLC

  3447 Cook Rd, Memphis, TN 38109
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  /18

  $169,000

  • 2 Beds
  • 1 Bath
  • 927 Sq Ft

  3174 Chisca Ave, Memphis, TN 38111

  Complete renovation in 2021! This charming 2-bedroom, 1-bath home with all appliances included is the perfect opportunity for a first-time homeowner or investor. Ideally located just minutes from the University of Memphis and all the dining, shopping, and entertainment of Highland Row. The home was fully renovated in 2021 and features a new roof, new central HVAC system, and an updated kitchen

  Horace Profit 4 Success Realty, LLC

  3174 Chisca Ave, Memphis, TN 38111
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  /25

  $188,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 2,146 Sq Ft

  580 S Greer St, Memphis, TN 38111

  Wonderful Chickasaw Gardens Location, Original tile entry and Entry closet/mail room. Large Living Room with Natural Wood Floors. Kitchen has new stainless refrigerator, Stove, Microwave and granite ctops. Large Dining Room with Laundry room with hook ups for W & D. Large bedrooms with ample closet space. Big backyard with covered backporch area. Detached One Car Carport or Storage room.

  Jennifer Boyd Heritage Homes Co.

  580 S Greer St, Memphis, TN 38111
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  /10

  $160,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,336 Sq Ft

  3144 Hopkins Ave, Memphis, TN 38112

  Welcome home to 3144 Hopkins Ave, a beautifully updated 3-bedroom, 2-bath gem in the heart of East Memphis! Step inside to find an inviting open-concept living and dining space filled with natural light, perfect for both relaxing and entertaining. The kitchen offers ample cabinetry, modern appliances, and a convenient breakfast bar. The spacious primary suite features a private full bath and

  Courtney Clark Keller Williams

  3144 Hopkins Ave, Memphis, TN 38112
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  /18

  $165,000

  New Construction

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

  828 Semmes St, Memphis, TN 38111

  One of two "Evening Rose Cottages" of the new Camellia Cottage development, which features a 3-bedroom 2-bath cottage. Available to low-to-moderate income first-time homebuyers. NO investors. One-year builder's home warranty offered. $25k downpayment assistance is available. Range/oven and dishwasher will be installed before closing.

  Tammy Coleman Legendary Realty

  828 Semmes St, Memphis, TN 38111
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  /18

  $112,500

  • 3 Beds
  • 1.5 Baths
  • 1,005 Sq Ft

  1675 Haywood Ave, 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, 1247 Vistaview Cove, 3245 Sinclair (can buy these homes individually or in a bulk sale

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1675 Haywood Ave, Memphis, TN 38127
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  /35

  $154,900

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,771 Sq Ft

  3220 Christine Rd, Memphis, TN 38118

  Charming one-story home offering 4 bedrooms and a functional layout perfect for comfortable everyday living. This well-maintained property features a spacious living area, a bright kitchen with ample cabinet space, and generously sized bedrooms. The single-level design provides convenience and easy accessibility throughout the home. Enjoy a large yard with plenty of room for outdoor activities,

  Tiffany Jones Trelora Realty

  3220 Christine Rd, Memphis, TN 38118
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  /2

  $124,900

  • 3 Beds
  • 1 Bath
  • 1,070 Sq Ft

  4844 Newton Dr, Memphis, TN 38109

  Welcome to 4844 Newton, a solid 3 bedroom, 1 bath investment property with a long-term, reliable tenant already in place and wishing to remain after the sale. Currently rented at $1,150/month, this home delivers immediate cash flow with minimal interruption. A perfect fit for investors seeking stable income in a strong rental market. Serious inquiries only. Proof of funds required for all

  Jessica Wright Key Connect Group, LLC

  4844 Newton Dr, Memphis, TN 38109
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  /11

  $129,900

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

  1492 N Trezevant St, Memphis, TN 38108

  ATTENTION INVESTORS!! Income-producing 3BR/2BA rental at 1492 N Trezevant generating $950/month with $169.10 monthly cash flow and a 5.21% cash-on-cash return. Tenant in place offering immediate income and stability (lease term in place). Major improvements include a NEW 3-ton Carrier HVAC system, updated kitchen with new cabinets, countertops, and appliances, fully renovated bathrooms with new

  James Wachob Foundation Property Management

  1492 N Trezevant St, Memphis, TN 38108
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  /17

  $169,000

  • 3 Beds
  • 2 Baths
  • 1,015 Sq Ft

  2352 Cable Ave, Memphis, TN 38114

  Completely reimagined and rebuilt from the studs up, this stunning renovation is the definition of modern luxury and quality craftsmanship. Conveniently located just minutes from the beautiful Liberty Park, this 3-bedroom, 2-bath showstopper offers the perfect blend of style, comfort, and functionality. Step inside and be captivated by the bright open-concept floor plan designed for both

  Kenya Harrison Infinity Group REALTORS, Inc.

  2352 Cable Ave, Memphis, TN 38114
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  /19

  $152,000

  • 2 Beds
  • 2 Baths
  • 817 Sq Ft

  6696 #3 Whispering Oak Place Unit 3, Memphis, TN 38120

  Welcome to your brand new condo in an established group in east Memphis on the outskirts of Gtown. Building burned & units were rebuilt from the studs out including a ceiling sprinkler system, new HVAC, water heater, appliances. Owner was returning to live in the condo & rebuilt his unit w/upgrades to flooring, smooth ceilings, custom closets, a 9 ft long granite peninsula w/extra deep double

  Donna Skaarer KAIZEN Realty, LLC

  6696 #3 Whispering Oak Place Unit 3, Memphis, TN 38120
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  /7

  $125,000

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

  4466 Sumners Wells Rd, Memphis, TN 38118

  Cash flowing duplex with gross rents of $1390 per month. Brick 2br/1ba per side with CH/A; Rent roll attached to listing. Also available from same owner 4460-62 Sumners Wells Rd. Both duplexes are side by side and sold as is. This property has been professionally managed by Leco Realty for many years. Please drive by and do not disturb tenants. Make offers subject to inspections and sold subject

  Lowell Brister Leco Realty, Inc.

  4466 Sumners Wells Rd, Memphis, TN 38118
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  /22

  $112,000

  • 2 Beds
  • 2 Baths
  • 909 Sq Ft

  3589 Covington Pike Unit 201, Memphis, TN 38128

  Completely updated - 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, pest control, termite contract, activities program, 24-hour staff on duty, gated, 24-hour emergency

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 201, Memphis, TN 38128
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  /3

  $115,000

  • 3 Beds
  • 2.5 Baths
  • 1,518 Sq Ft

  5994 Lofty Oak Rd Unit 66, Memphis, TN 38115

  Lisa Townsend BEST Real Estate Company

  5994 Lofty Oak Rd Unit 66, Memphis, TN 38115
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  /40

  $184,000

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,146 Sq Ft

  4841 Olds Ave, Memphis, TN 38128

  Will not qualify for most loans. Selling as-is!! Good house for FHA 203K Rehab loan. No regular FHA, VA or conventional loans. Great opportunity for a wonderful family home or excellent rental home. Large home with formal living and dining room, eat in kitchen, den and 1 bedroom down plus 3 up with a 2 car carport and much more. Can be a beautiful home. Call Listing Agent for more info or to show.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  4841 Olds Ave, Memphis, TN 38128
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  /19

  $119,800

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,176 Sq Ft

  2593 Durham Ave, Memphis, TN 38127

  New Listing in Frayser – Move-In Ready! Great opportunity for both investors and owner-occupants! This 3 bedroom, 2 bath home sits on a nice quiet street in Frayser and offers comfortable living with practical updates. The home features central heat and air, a brand new water heater, fresh interior paint, and newly refreshed landscaping that adds great curb appeal. Enjoy the fenced-in yard,

  Caleb Parr Renshaw Company, REALTORS

  2593 Durham Ave, Memphis, TN 38127
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  /5

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,074 Sq Ft

  2505 Durham Ave, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,259/month. The lease ends on 1/31/27. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2505 Durham Ave, Memphis, TN 38127
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  /26

  $174,900

  $14K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 992 Sq Ft

  1105 Stratford Rd, Memphis, TN 38122

  Recently renovated doll house! Pulling up you will notice the freshly painted exterior with board and batten siding, and brand new roof! The Super cute interior is freshly painted and has 2 bedrooms, with spacious living and dining area with built in hutch, and gorgeous hardwood floors. The kitchen has subway tile, ample cabinets and counters and leads to the fenced back yard. Bathroom has

  Brenda Easter Dream Maker Realty, LLC

  1105 Stratford Rd, Memphis, TN 38122
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  /30

  $158,000

  $4K PRICE DROP

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

  3858 Ajanders Dr, Memphis, TN 38127

  Welcome home! This charming 4-bedroom ranch offers comfort, space, and versatility--perfect for first-time buyers or anyone ready to settle in. Abundant natural light and brand-new windows throughout create a bright, welcoming atmosphere. The open floorplan is ideal for everyday living, with a spacious living room flowing seamlessly into the kitchen and adjoining dining nook, making it easy to

  Phil Hopewell Results MLS REALTORS

  3858 Ajanders Dr, Memphis, TN 38127
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  /2

  $139,000

  $11K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 816 Sq Ft

  2424 Norman Ave, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat the 1% rule! Renovated 4-bedroom-1-bath home with Section 8 tenant. This property presents a great opportunity for investors looking to generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Whether you're expanding your rental portfolio or looking for a property with strong

  Angelita Parham KAIZEN Realty, LLC

  2424 Norman Ave, Memphis, TN 38108

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