Memphis, TN Homes for Sale under $200,000

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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
• 

  

  /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
• 

  

  

  /14

  $175,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,415 Sq Ft

  785 Marianna St, Memphis, TN 38114

  Affordable living in an established neighborhood, this newly built home brings comfort, style, and value together in one inviting package. Offering 4 bedrooms and 2 full baths, this thoughtful layout is perfect for everyday living and room to grow. You’ll love the wood laminate flooring throughout, bringing a clean and polished look to every space. The modern kitchen features beautiful granite

  Tanika Bland BEST Real Estate Company

  785 Marianna St, Memphis, TN 38114
• 

  

  

  /12

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,186 Sq Ft

  273 Clower Rd, Memphis, TN 38109

  Recent rehab a few years ago. Rent ready just completed. Ready for new home owner or investor. Cover parking, brick exterior. Great house.

  Joe King Marathon REALTORS, LLC

  273 Clower Rd, Memphis, TN 38109
• 

  

  

  /22

  $128,500

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,656 Sq Ft

  2763 Fizer Rd, Memphis, TN 38114

  REDUCED $10,000!! Large good looking home with 4 bedrooms and 2 full baths--2 bedrooms up and 2 bedrooms down. Living and dining room plus and eat in kitchen with an island! Central air and heat. Separate laundry room. Larger primary bedroom with a luxury bath and a walk in closet all on a HUGE lot! Big storage building with attached chicken coop! Priced to sell immediately! MOTIVATED SELLER!!!

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  2763 Fizer Rd, Memphis, TN 38114
• 

  

  /14

  $172,000

  • 4 Beds
  • 2 Baths
  • 1,419 Sq Ft

  3671 Barron Ave, Memphis, TN 38111

  Welcome to this beautifully refreshed 4bd 2ba home located in the heart of the high-demand 38111 zip code. Spanning approximately 1,419 square feet, this residence offers a clean, modern aesthetic with beautiful hardwood floors, updated kitchen and spacious living area. The kitchen, features stylish shaker-style cabinetry and ample countertop space, with dedicated space for your appliances to

  James Wachob Foundation Property Management

  3671 Barron Ave, Memphis, TN 38111
• 

  

  /13

  $160,000

  $50K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,795 Sq Ft

  1891 Edward Ave, Memphis, TN 38107

  THIS HOME IS LOCATED IN THE VOLLINTINE/EVERGREEN HISTORIC DISTRICT AND IS CLOSE TO RHODES COLLEGE. THERE ARE SEVERAL SCHOOLS IN CLOSE PROXIMITY TO THE HOME, INCLUDING HYDE PARK MIDDLE, VOLLINTINE ELEMENTARY, AND SNOWDEN OPTIONAL SCHOOL.

  Clarence Perry Perry Realty Co.

  1891 Edward Ave, Memphis, TN 38107
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  /33

  $104,900

  • 1 Bed
  • 1 Bath
  • 860 Sq Ft

  437 Monroe Ave Unit 111, Memphis, TN 38103

  Located in the Medical Arts District, this gated community offers covered parking and includes a spacious storage unit. This one-bedroom, one-bath apartment features all appliances, a stainless steel kitchen, hardwood floors, granite finishes, and a private balcony, and is just one block from the trolley.

  Alexis Martz Trelora Realty

  437 Monroe Ave Unit 111, Memphis, TN 38103
• 

  

  /23

  $179,000

  $16K PRICE DROP

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

  1886 Danville Rd, Memphis, TN 38117

  Beautiful house 4 bedrooms 2 baths ~ New HVAC ~ Freshly painted ~ Stove & Fridge to stay at the property ~ Big back yard with storage ~ Come see this house today!

  Itzel Sanchez Bustamante Keller Williams

  1886 Danville Rd, Memphis, TN 38117
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  /14

  $199,900

  $120K PRICE DROP

  • 5 Beds
  • 4 Baths
  • 4,370 Sq Ft

  1778 Jackson Ave, Memphis, TN 38107

  Spacious property located in the Vollintine Evergreen Historic District, offering rare versatility and multiple living spaces. This property offers an In-Law suite with a full kitchen that could be used as a second income-producing unit, a basement chapel, and a detached garage apartment. The property sits on three lots offering extensive outdoor space and additional possibilities. Located just

  Donnie Morrow eXp Realty, LLC

  1778 Jackson Ave, Memphis, TN 38107
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  /12

  $108,000

  • 2 Beds
  • 1.5 Baths
  • 1,333 Sq Ft

  3725 Wax Myrtle Dr, Memphis, TN 38115

  Welcome to 3725 Wax Myrtle Dr., Memphis, TN. This 2-bedroom, 1.5-bath home offers comfort, convenience, and reliable long-term value ideal for both investors and homeowners. Inside, you’ll find a spacious living and dining area with great natural light, plus a functional kitchen with ample cabinet storage. Upstairs, two generously sized bedrooms provide comfortable living space, complemented by a

  James Wachob Foundation Property Management

  3725 Wax Myrtle Dr, Memphis, TN 38115
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  /2

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,152 Sq Ft

  2612 Dromedary Dr, Memphis, TN 38133

  This home is tenant occupieid. Please do not disturb the tenants. Current rent is $925 a month. All offers must be acceptedd prior to any inspections. Please contact the agent for any information.

  Henry Booth Omni, REALTORS

  2612 Dromedary Dr, Memphis, TN 38133
• 

  

  /14

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,038 Sq Ft

  3936 Ajanders Dr, Memphis, TN 38127

  Cute 3 Bedroom 1 Bath Brick home with Covered parking ~Big Kitchen ~~Fresh paint, Laminate and tile flooring~~ Large rooms ~~Fenced yard~~Central Heat and Air

  Scott Housewirth Crye-Leike Inc., REALTORS

  3936 Ajanders Dr, Memphis, TN 38127
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  /33

  $144,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,467 Sq Ft

  3710 Hermitage Dr, Memphis, TN 38116

  Charming 1-story brick ranch in the Graceland subdivision! Welcome to this beautiful and cozy one-story home! This 3-bedroom, 2-bathroom gem is ready for you to move in. The house offers the elegance of ceramic luxury vinyl, providing both style and durability. Easy access to major highways, make your daily travels seamless. Shopping and dining options are just minutes away, ensuring convenience

  Tiffany Jones Trelora Realty

  3710 Hermitage Dr, Memphis, TN 38116
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  /21

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,152 Sq Ft

  3354 Guernsey Ave, Memphis, TN 38122

  Charming updated 3BR/1BA home in the heart of Berclair! This move-in ready property features spacious living areas, updated finishes, a large driveway, and a large lot with plenty of outdoor space. Great opportunity for owner-occupants or investors with convenient access to shopping, dining, schools, and downtown Memphis.

  Cesar Lara Fast Track Realty, LLC

  3354 Guernsey Ave, Memphis, TN 38122
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  /25

  $150,000

  • 2 Beds
  • 1 Bath
  • 999 Sq Ft

  3684 Marion Ave, Memphis, TN 38111

  Special Government Financing Available!! Purchase and move into this Home for Little to Zero down!! Home within walking distance to University of Memphis campus and all that Highland Row has to offer!! All New Wood Flooring! Fresh paint throughout! Brand New kitchen cabinets! New tile in the kitchen, dining and bathroom! New Flush mount lighting. All Brick home with low exterior maintenance.

  Chuck House Keller Williams

  3684 Marion Ave, Memphis, TN 38111
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  /26

  $145,000

  $20K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,746 Sq Ft

  1429 Greendale Ave, Memphis, TN 38127

  SPACIOUS!! Bring your buyers to see this 4BR, 2BA home. Beautiful brick exterior with large covered front porch. Large rooms, Living/Dining combo, large eat-in kitchen and Bonus TV Room. All on one floor...carpet thru-out! Perfect home for entertaining.Being sold as is.

  John Payne BEST Real Estate Company

  1429 Greendale Ave, Memphis, TN 38127
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  /40

  $105,000

  • 3 Beds
  • 4 Baths
  • 1,125 Sq Ft

  2797 Montague Ave, Memphis, TN 38114

  Cash-Flowing Investment Opportunity! Currently tenant occupied at $1050/mo. Long-Term tenant in place. Lease is m2m. No showings without accepted offer.

  Caleb Parr Renshaw Company, REALTORS

  2797 Montague Ave, Memphis, TN 38114
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  /16

  $115,000

  • 2 Beds
  • 1 Bath
  • 831 Sq Ft

  3515 Vanuys Rd, Memphis, TN 38111

  Charming 2-bedroom, 1-bath home located at 3515 Vanuys Rd, just minutes from the University of Memphis, local restaurants, and shopping. This property features hardwood floors, updated finishes, a detached garage, and a spacious backyard deck for outdoor enjoyment. Approved for the City of Memphis Down Payment Assistance Program, eligible buyers may receive up to $25,000 toward down payment and

  Sabaria Dean Fast Track Realty, LLC

  3515 Vanuys Rd, Memphis, TN 38111
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  /8

  $113,900

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,146 Sq Ft

  4511 Sumners Wells Rd, Memphis, TN 38118

  Investor Opportunity!!!!! Great 3-bedroom 2 bath home. Do not disturb tenant. How is rented for $1300.00. Home will be sold as is where is. Will not be allowed to view inside the property until offer is accepted.

  Fred Sengstacke KAIZEN Realty, LLC

  4511 Sumners Wells Rd, Memphis, TN 38118
• 

  

  /19

  $189,999

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 819 Sq Ft

  366 Washburn Dr, Memphis, TN 38109

  Newly built, charming and move-in ready! This well-maintained home offers comfortable living with spacious bedrooms, an inviting living area, and a functional floor plan. The kitchen provides ample cabinet space and flows perfectly for everyday living or entertaining. Large backyard with plenty of room for outdoor gatherings or future enhancements. Conveniently located near schools, shopping, and

  Tanquilla Wherry Crye-Leike, Inc., REALTORS

  366 Washburn Dr, Memphis, TN 38109
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  /25

  $131,500

  $13K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 718 Sq Ft

  109 N Main St Unit 1207, Memphis, TN 38103

  Experience downtown living at its finest in this 12th-floor one-bedroom, one-bath condominium at the Claridge House in Memphis. This inviting residence features a comfortable living room and kitchen, all elevated above the city to capture natural light and scenic views. Located just steps from popular bars, restaurants, and scenic parks along the Mississippi River, this condo offers an unbeatable

  Vicki Blackwell Crye-Leike, Inc., REALTORS

  109 N Main St Unit 1207, Memphis, TN 38103
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  /11

  $127,900

  $4K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,486 Sq Ft

  10 W Mitchell Rd, Memphis, TN 38109

  Price Improvement! Looking for all investors who want to add to their portfolio! Charming three bedroom and two bath for sale in Whitehaven near Downtown that is tenant occupied. Home rents for $1195 currently and increases in October to $1245! Lease ends in October 2026. Home is professionally managed, and tenant is current. Roof is new, AC 2021, Furnace and HWH 2023. Please call listing agent

  Andrew Akins CB Properties of Memphis, LLC

  10 W Mitchell Rd, Memphis, TN 38109
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  /14

  $199,900

  $30K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,510 Sq Ft

  1053 Fleece Place, Memphis, TN 38104

  Fully occupied turnkey duplex in the Heart of Midtown's highly desirable Cooper-Young neighborhood! This low-maintenance investment offers immediate income with total monthly rents of $1925 and strong long t-term rental demand in one of Memphis' trendiest and most sought-after areas. Leases end in May and August 2026. Both units have updated kitchens, baths, hardwood flooring making this an easy,

  Andrew Akins CB Properties of Memphis, LLC

  1053 Fleece Place, Memphis, TN 38104
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  /35

  $104,900

  • 3 Beds
  • 1.5 Baths
  • 1,481 Sq Ft

  3556 Brookmeade St, Memphis, TN 38127

  This 3-bedroom, 1.5-bath brick ranch offers 1,481 sq ft of well-distributed living space on a generous 0.32-acre level lot. The interior features a functional layout with hardwood flooring and a spacious kitchen/dining area. Centrally located in the established Brookmeade Gardens area with easy access to I-40, this home is ideal for a primary residence or an investment opportunity.

  Christopher Stjernholm Trelora Realty

  3556 Brookmeade St, Memphis, TN 38127
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  /17

  $139,000

  • 3 Beds
  • 2 Baths
  • 1,406 Sq Ft

  458 Marlowe Ave, Memphis, TN 38109

  Welcome to 458 Marlowe Ave! Living space with lovely character for a new home owner or someone looking to downsize. It's a rare find! Under $150k in this beautiful city. Come view this 3 bedroom home with 2 full bathrooms. There is a den area/hearth with a fireplace separate from the large living room. The primary bedroom has a large bathroom, walk-in closet, and it also has an additional space

  Tara Bradley Crye-Leike, Inc., REALTORS

  458 Marlowe Ave, Memphis, TN 38109
• 

  /2

  $179,900

  $10K PRICE DROP

  • Land
  • 17,859 Sq Ft
  • $438,780 per Acre

  32 Timber Creek Dr, Memphis, TN 38018

  Vacant lot to build retail, office Building.

  Nataraja Krishnaraju Crye-Leike, Inc., REALTORS

  32 Timber Creek Dr, Memphis, TN 38018
• 

  

  /20

  $135,000

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

  2196 Ketchum Rd, Memphis, TN 38114

  Discover this charming single-family residence at 2196 Ketchum Rd in Memphis, TN 38114. This 4-bedroom, 2-bathroom home offers approximately 1,272–1,276 sq ft of living space on a spacious 0.3-acre lot (about 14,375 sq ft), providing ample room and notable privacy with no immediate neighboring homes crowding the property. The layout delivers functional living with generous bedrooms and full

  Betty McGaughey eXp Realty, LLC

  2196 Ketchum Rd, Memphis, TN 38114
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  /8

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,243 Sq Ft

  3969 N Trezevant St, Memphis, TN 38127

  INVESTORS ONLY – TURNKEY CASH FLOW! Solid 3-bedroom, 1-bath brick property generating $995/month in rental income with a long-term, reliable tenant in place. Lease renewed through 10/31/2026, with a proven on-time payment history since 2017. Low-maintenance brick exterior, spacious eat-in kitchen, comfortable living room, three well-sized bedrooms, and desirable corner lot. Professionally managed

  Jeremy Veldman KAIZEN Realty, LLC

  3969 N Trezevant St, Memphis, TN 38127
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  /12

  $109,900

  $20K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,263 Sq Ft

  6354 Kirby Downs Dr, Memphis, TN 38115

  2 Bed / 1.5 Bath | Strong Rental Potential ($1100–$1,175) | Flexible Investment or Primary Residence. Comparable rentals in the area are achieving $1100–$1,175/month, creating a clear opportunity for immediate upside on this well-maintained 2-bed, 1.5 bath townhome. The property offers a functional layout with spacious living areas and two bathrooms, ideal for both tenants and owner-occupants. A

  James Wachob Foundation Property Management

  6354 Kirby Downs Dr, Memphis, TN 38115
• 

  

  /23

  $128,000

  $12K PRICE DROP

  • 6 Beds
  • 3 Baths
  • 2,744 Sq Ft

  3273 Steele St, Memphis, TN 38127

  Investor Special, Spacious 6-bedroom, 2-bath home situated on a corner lot. This property is perfect for investors or savvy buyers looking for a fixer-upper with strong upside. This home does need repairs and is being sold As Is, making it an ideal opportunity for those ready to bring their vision to life. There is also a unique opportunity to purchase this home as part of a package deal with two

  Candice Hardaway Keller Williams

  3273 Steele St, Memphis, TN 38127
• 

  /2

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,217 Sq Ft

  4473 Longtree Ave, Memphis, TN 38128

  INVESTERS ONLY! Lovely 3 bed 2 bath home currently rented for $1100/mo. Professionally managed by Cicely Buckley. Unincorporated Shelby County (No City Taxes, which helps with your ROI). Cash Offers Only. No Creative or Owner Financed Offers. No Wholesale or Assignment. Seller also selling 599 Blackhawk, 4395 Ann Arbor, and 80 E. Bodley (Can buy in bulk or individually) Some of these properties

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4473 Longtree Ave, Memphis, TN 38128
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  /24

  $160,000

  • 2 Beds
  • 1 Bath
  • 892 Sq Ft

  835 Watson St, Memphis, TN 38111

  TENANT OCCUPIED. Charming 2-bedroom, 1-bath home just a short walk from the University of Memphis. Offering 900 sq ft of comfortable living space, it features a bright sunroom off the living area—perfect for relaxing or displaying plants. Hardwood floors run throughout, complementing a modern kitchen with plenty of cabinet and counter space. The bathroom is tastefully updated with tiled floors

  Joshua Moss KAIZEN Realty, LLC

  835 Watson St, Memphis, TN 38111
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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
• 

  

  /33

  $189,900

  • 2 Beds
  • 2 Baths
  • 1,692 Sq Ft

  925 N Willett St, Memphis, TN 38107

  Can you say two doors? Investors love duplexes and what's not to love about this wonderful duplex in a great area. Located minutes from Rhodes College, Crosstown Concourse, Memphis Zoo, Midtown and more! You can rent both sides or house hack and live on one side and rent the other side. Each side has one bedroom and 1 bath, large kitchen with washer dryer hookups, neutral colors and more. Minor

  Verna Littleton Fast Track Realty, LLC

  925 N Willett St, Memphis, TN 38107
• 

  

  /6

  $174,800

  • 2 Beds
  • 1 Bath
  • 1,188 Sq Ft

  2312 Wellons Ave, Memphis, TN 38127

  This beautiful brick 3-bedroom 1 bath Frayser neighborhood home is being offered together with five other income producing single-family homes. This is a pristine opportunity for a new investor to enter into the Rental / Investment real estate space or a "bundle deal" for a seasoned investor - Steady Income and Great Returns! The home is currently vacant and in need of mid-level rehab for no

  Derrick Brown Independence Realty&Investment

  2312 Wellons Ave, Memphis, TN 38127
• 

  

  /15

  $145,000

  $340K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  2974 Waverly Ave, Memphis, TN 38111

  ATTENTION INVESTORS!! Fully renovated, turnkey income-producing asset with tenant in place. Currently leased at $1,175, generating $222.65/month in cash flow through 3/12/2028 with a strong 6.25% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new 3-ton HVAC system with updated ductwork, upgraded electrical with new breaker

  James Wachob Foundation Property Management

  2974 Waverly Ave, Memphis, TN 38111
• 

  

  /34

  $124,900

  $5K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,112 Sq Ft

  3452 Dobbin Ferry Ave, Memphis, TN 38118

  Discover this well-maintained 4 bedroom, 1.5 bathroom residence offering 1112 square feet of functional living space. The interior features comfortable carpet throughout the main living areas and bedrooms, while the kitchen is finished with durable tile flooring. A dedicated 6x2 laundry space is conveniently located within the kitchen area, complete with washer and dryer hookups. The primary

  Alexis Martz Trelora Realty

  3452 Dobbin Ferry Ave, Memphis, TN 38118
• 

  

  /16

  $110,000

  • 2 Beds
  • 1 Bath
  • 1,080 Sq Ft

  3771 Sturgeon Ave, Memphis, TN 38111

  Welcome to 3771 Sturgeon Ave! This charming 3BR/1.5BA Memphis home features hard-surface flooring, a bright living area, functional kitchen, and a spacious fenced backyard perfect for entertaining or relaxing. A detached storage building with an additional half bath adds versatility for a workshop, office, or extra storage. Conveniently located near shopping, dining, schools, and major

  Stephen Akindona Kairos Realty

  3771 Sturgeon Ave, Memphis, TN 38111

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