Memphis, TN Homes for Sale under $200,000

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  /10

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  This property is leased at $975 per month through 02/05/2027. Comprehensively renovated with a focus on durability and efficiency, this property offers strong long-term rental appeal. Key improvements include a new HVAC condenser, fully updated kitchen with new cabinetry and fixtures, repaired and refreshed flooring, and extensive interior drywall and paint work. Exterior upgrades feature full

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /6

  $94,900

  • 3 Beds
  • 1 Bath
  • 1,061 Sq Ft

  3902 Edenburg Dr, Memphis, TN 38127

  This well-maintained 1963 residence features a comfortable layout, original character, and a spacious, fully-fenced backyard perfect for outdoor living. Conveniently located near major highways, shopping, and dining, this home is ready for your personal touch.

  Tiffany Jones Trelora Realty

  3902 Edenburg Dr, Memphis, TN 38127
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  /10

  $117,975

  • 3 Beds
  • 1.5 Baths
  • 1,290 Sq Ft

  2574 Saint Elmo Ave, Memphis, TN 38127

  New Lease to begin on 07/15/2026 until 07/14/2027 at $1,100. This modernized 3-bedroom, 1.5-bath home offers immediate rental income. Features include hard-surface flooring, an updated kitchen with shaker-style cabinets, bright living areas, and a fenced backyard. Conveniently located near Southwest Tennessee Community College, Libertas School of Memphis, grocery stores, neighborhood parks, and

  James Wachob Foundation Property Management

  2574 Saint Elmo Ave, Memphis, TN 38127
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  /9

  $185,000

  • 4 Beds
  • 4 Baths
  • 2,709 Sq Ft

  996 University St, Memphis, TN 38107

  Great Occupied investment Opportunity! Duplex! This property is currently occupied by a tenant in one unit who is paying $895 per month and is on a lease from 4/15/2026 until 4/14/2028. The other unit is occupied by a tenant who has been in the home since 2020 and is on a lease until 4/30/26 - They are paying $885 per month and have been sent a renewal but it is not signed yet. There is

  Alex Evans Reedy & Company, REALTORS

  996 University St, Memphis, TN 38107
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  /2

  $4,000

  $7K PRICE DROP

  • Land
  • 5,227 Sq Ft
  • $33,333 per Acre

  258 Gaston Ave Unit 6, Memphis, TN 38106

  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

  258 Gaston Ave Unit 6, Memphis, TN 38106
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  /6

  $75,000

  • 3 Beds
  • 2 Baths

  1399 Michigan St, Memphis, TN 38106

  Attention investors! This residential property is now available being sold as-is. This property offer strong value-add potential for fix-and-flip, rental portfolios, or long-term hold strategies. The following properties can be bought at a discounted rate: 1393 Michigan St 1399 Michigan St 1401 Michigan St Buy one or bundle all three for a potential discounted package deal. Highlights: • Sold

  Evelyn McCormick C21 Patterson & Assoc. Real Es

  1399 Michigan St, Memphis, TN 38106
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  /3

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,234 Sq Ft

  599 Blackhawk Rd, Memphis, TN 38109

  INVESTERS ONLY. Tenant occupied 4 bed 1.5 bath home. Rent is $1177/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 4973 Longtree, 4395 Ann Arbor, and 80 E. Bodley

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /6

  $129,900

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  646 Leacrest Ave, Memphis, TN 38109

  You wouldn't be looking at this if you weren't searching for a new home—and congratulations, you may have just found it. Welcome to this refreshed 3-bedroom, 1-bath home in Chickasaw Village, offering the perfect blend of comfort, value, and opportunity. Whether you're a first-time homebuyer or an expanding family looking for more space, this move-in ready home is ready for its next chapter.

  Laszlo Nguyen Heckler eXp Realty, LLC

  646 Leacrest Ave, Memphis, TN 38109
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  /22

  $194,000

  Open Fri 4PM - 7PM $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,458 Sq Ft

  4215 Rosewind Cir, Memphis, TN 38141

  Welcome to this freshly painted, move-in-ready home full of charm and character. The spacious living room features a beautiful stone fireplace, vaulted ceilings, and exposed beams that create a cozy feel. The kitchen offers plenty of cabinet space, natural light, and a practical layout. Bedrooms are comfortable with neutral finishes, and both bathrooms are clean and functional. Enjoy a large

  Veronica Montiel-Lugo The Home Partners Realty

  4215 Rosewind Cir, Memphis, TN 38141
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  /13

  $115,000

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  3553 Julia St, Memphis, TN 38127

  Leased at $975/mo through 03/05/2028. Well-maintained 3BR brick home featuring hard-surface flooring, an updated kitchen with shaker-style cabinetry, central heat and air, a fenced backyard, and garage/storage space. Convenient to FedEx, Georgian Hills Elementary, Trezevant High, Kroger, Frayser Plaza, St. Jude Children's Research Hospital, Firestone Park, and I-40, supporting strong long-term

  James Wachob Foundation Property Management

  3553 Julia St, Memphis, TN 38127
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  /10

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! 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 rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /3

  $175,000

  $175K PRICE DROP

  • Land
  • 1.4 Acres
  • $125,000 per Acre

  3451 Ridgeway Rd, Memphis, TN 38115

  This CMU-1 Commercially zoned lot is 1.4 +/- Acres in a great location with nearby Apartment communities, single family homes, businesses and churches. Great Road frontage and visabillity! Seller willing to entertain Owner-Financing option

  John Cornes Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
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  /34

  $84,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,097 Sq Ft

  4067 Grantham Rd, Memphis, TN 38109

  Constructed in 1953, this 1,097 sqft single-story residence features a brick and vinyl exterior situated on a spacious 0.395-acre corner lot. The interior floor plan includes 3 bedrooms and 2 bathrooms, highlighted by original hardwood flooring throughout the main living areas and bedrooms. The kitchen provides a functional workspace and includes a 6x9 breakfast nook, which leads to a dedicated

  Tiffany Jones Trelora Realty

  4067 Grantham Rd, Memphis, TN 38109
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  /2

  $8,000

  • Land
  • 10,018 Sq Ft
  • $34,783 per Acre

  2005 S Dianne Cir, Memphis, TN 38114

  Land only, .23 /acre in Harlem Heights subdivision; Build your home in a thriving neighborhood! Call with questions.

  Rene stehle Keller Williams

  2005 S Dianne Cir, Memphis, TN 38114
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  /25

  $173,000

  $2K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,337 Sq Ft

  2367 Kingsley Ave, Memphis, TN 38127

  Don't miss out on this fully renovated brick 3 bed, 2 bath home with a spacious detached workshop in the backyard. Perfect for anyone needing a workspace, extra storage, or the potential to finish it out as an additional unit. Inside, the home features an updated open-concept kitchen, fully remodeled bathrooms, and new vinyl plank flooring. It covers all of your needs with a walk-in pantry closet

  Juan Torres Fast Track Realty, LLC

  2367 Kingsley Ave, Memphis, TN 38127
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  /18

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,450 Sq Ft

  1577 S Highland St, Memphis, TN 38111

  Updated 3BR/2BA home in a prime East Memphis location! Features spacious living areas, modern updates, and a functional layout perfect for homeowners or investors. Conveniently located near the University of Memphis, shopping, dining, and major highways. Move-in ready with great potential!

  Cesar Lara Fast Track Realty, LLC

  1577 S Highland St, Memphis, TN 38111
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  /14

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,327 Sq Ft

  4995 Stacey Rd, Memphis, TN 38109

  This property is leased at $1,225 per month through 04/27/2028. Fully renovated 3BR property built for long-term 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. Kitchen has been completely updated with new cabinets, countertops, sink, and fixtures, while both bathrooms feature new

  James Wachob Foundation Property Management

  4995 Stacey Rd, Memphis, TN 38109
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  /30

  $199,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,080 Sq Ft

  4370 Given Ave, Memphis, TN 38122

  Experience 1950s character and a curated boutique aesthetic in this stunning Berclair Park renovation. Designed to feel like a private boutique Airbnb, the interior is a bright, clean-slate retreat featuring smooth ceilings, fresh paint, and modern LVP flooring throughout. The spacious eat-in kitchen serves as the heart of the home with crisp white cabinetry and a tile backsplash, while the

  Jane Massie Crye-Leike of MS

  4370 Given Ave, Memphis, TN 38122
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  /2

  $173,700

  • Land
  • 29.6 Acres
  • $5,868 per Acre

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127

  Tremendous investment opportunity for those looking to build! HUGE parcel of land in a popular area of 38127, directly behind Hawkins Mill Elementary. This is near the new Amazon & Nike facilities. Affordable price per acre, frontage along Hawkins. Over 29 acres offered. Could be a great development one day. There was additional adjacent acreage that was recently bought by another owner so a lot

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127
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  /18

  $115,000

  • 1 Bed
  • 1 Bath
  • 1,040 Sq Ft

  3080 Walnut Grove Rd Unit 306, Memphis, TN 38111

  Fantastic Condominium at The Commodore, a Midrise Condominium project. Midcentury vibes start as you drive in and enter into the beautifully designed lobby that welcomes your guest with great appeal. 3rd floor condominium facing the back of property for privacy and quietness w/ private balcony. 1 Bedroom 1 bath, great location. New bamboo wood flooring, New Paint and fixtures. Spa bathroom.

  John Brawner 1 Percent Lists Midsouth

  3080 Walnut Grove Rd Unit 306, Memphis, TN 38111
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  /10

  $90,000

  $5K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  679 Miles Dr, Memphis, TN 38111

  OWNER FINANCING AVAILABLE! Great Investment Opportunity! Gated Community! 2 Bedroom Townhouse. Common Laundry Room. 2 Blocks from the University of Memphis. 1 Block from the Highland Strip with Food, Bars & Shopping. Cosmetic work needed, but a Steal at this Price. Sold "as is". Other properties available for a possible package deal.

  Danny Lipsey Keller Williams

  679 Miles Dr, Memphis, TN 38111
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  /2

  $22,000

  $13K PRICE DROP

  • Land
  • 7,840 Sq Ft
  • $122,222 per Acre

  1040 Rozelle St, Memphis, TN 38114

  Opportunity to build your next investment property or home.

  Andre Pruitt TRG Real Estate Services, LLC

  1040 Rozelle St, Memphis, TN 38114
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  /22

  $199,000

  • 3 Beds
  • 2 Baths
  • 1,690 Sq Ft

  961 Little John Rd, Memphis, TN 38111

  Beautifully maintained brick home in the established Sherwood Forest neighborhood featuring 3 bedrooms and 2 full baths. This home offers timeless hardwood floors, abundant natural light, and spacious rooms throughout. The oversized primary suite includes a private bath and large walk-in closet. The kitchen features gas cooking, a large pantry, and opens to a flexible bonus room perfect for an

  Cassandra Dimento John Green & Co., REALTORS

  961 Little John Rd, Memphis, TN 38111
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  /3

  $124,900

  $100K PRICE DROP

  • 8 Beds
  • 4 Baths
  • 1,392 Sq Ft

  1218 Ethel St, Memphis, TN 38114

  Each unit - 4 bedrooms - 2 baths, Ready to Sell. Repairs needed

  Tina Black Assured Real Estate Services

  1218 Ethel St, Memphis, TN 38114
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  /3

  $10,000

  • Land
  • 3,484 Sq Ft
  • $125,000 per Acre

  3046 Mcadoo Ave Unit 21, Memphis, TN 38112

  Opportunity to build your next investment property or home. Community right off of the greenline.

  Andre Pruitt TRG Real Estate Services LLC

  3046 Mcadoo Ave Unit 21, Memphis, TN 38112
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  /2

  $7,650

  $3K PRICE DROP

  • Land
  • 11,761 Sq Ft
  • $28,333 per Acre

  1303 S Orleans St, Memphis, TN 38106

  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

  1303 S Orleans St, Memphis, TN 38106
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  /17

  $179,000

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

  1205 Bristol Dr Unit 18, Memphis, TN 38119

  One of the few Executive Suite Condos in gated community in East Memphis. Steps away from the community pool and close to great restaurants and shopping! This limited floorplan with 3 bedrooms and 2 baths also features a den and dining area that share a double sided fireplace, sitting area, laundry closet and enclosed balcony. New carpet and fresh paint. New windows are on order. Virtual staging

  Anna-Grace Williams Adaro Realty, Inc.

  1205 Bristol Dr Unit 18, Memphis, TN 38119
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  /2

  $7,500

  $5K PRICE DROP

  • Land
  • 15,681 Sq Ft
  • $20,833 per Acre

  208 E Biscayne Rd, Memphis, TN 38109

  Great opportunity to build or invest in South Memphis! Level lot in a quiet neighborhood, just minutes from I-55 and downtown. Convenient to schools, parks, and local amenities. Perfect for a new build, rental, or long-term hold.

  Joshua Moss KAIZEN Realty, LLC

  208 E Biscayne Rd, Memphis, TN 38109
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  /5

  $90,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 984 Sq Ft

  1353 Gill Ave, Memphis, TN 38106

  There is additional home on the property with 1bed/1bath kitchenette and living room.

  Donita Ingram-Brim Doorstep Realty

  1353 Gill Ave, Memphis, TN 38106
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  /31

  $149,900

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  2277 Union Ave Unit 611, Memphis, TN 38104

  Corner unit 2BR/2BA Mayfair condo in Midtown Memphis with sunlit southern-exposure balcony, shimmering pool, elegant lobby, convenient mail center and laundry room, plus available covered parking. Steps from Overton Square, top restaurants, and Fresh Market for effortless everyday living, and all on one level. Some photos are virtually staged to illustrate furnishing potential and layout.

  Thomas Murphree Marx-Bensdorf, REALTORS

  2277 Union Ave Unit 611, Memphis, TN 38104
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  /13

  $124,500

  $11K PRICE DROP

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

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming, move-in ready 3-bedroom, 2-bath home in a well-established neighborhood known for its friendly community and convenient living. Perfect for first-time buyers or those looking to downsize without sacrificing comfort, this home offers both functionality and room to grow. Recent updates provide peace of mind, including an 8-year-old roof, interior A/C unit less than 5 years old, and a hot

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
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  /2

  $159,900

  • 3 Beds
  • 2 Baths
  • 1,615 Sq Ft

  3618 Shoreham Dr, Memphis, TN 38118

  Fantastic investment opportunity. Seller has 7 properties for sale. 6 SFH & 1 Duplex. This property is on a month-to-month lease at $969/mo. Providing immediate cash flow while you plan your future value-add strategy. Please do not disturb the tenant. Property being sold as-is. No wholesalers, or creative financing. Showings/Inspections after contract. This property is currently being

  Benjamin Reed Reed & Associates of Tenn, LLC

  3618 Shoreham Dr, Memphis, TN 38118
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  /20

  $164,900

  $10K PRICE DROP

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

  2922 Semmes St, Memphis, TN 38114

  New Construction just completed! This 3 bed, 2 bath home offers 1,000 heated sq ft with modern finishes, open layout, and move-in ready convenience. Perfect for homeowners or investors don’t miss this opportunity!

  Cesar Lara Fast Track Realty, LLC

  2922 Semmes St, Memphis, TN 38114
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  /11

  $125,000

  • 2 Beds
  • 1 Bath
  • 824 Sq Ft

  4064 Truman Ave, Memphis, TN 38108

  Seller finance. All property facts to be verified.

  ANDRES NORENA eXp Realty, LLC

  4064 Truman Ave, Memphis, TN 38108
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  /7

  $72,000

  $17K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 752 Sq Ft

  4072 Leroy Ave, Memphis, TN 38108

  Wonderful Home for Sale – 2 Bedrooms, 1 Bathroom, features 2 spacious bedrooms, the property: offers a completely fenced garden.Lease ends November 30, 2026 $700.00 per month Cash Flowing

  Itzel Sanchez Bustamante Keller Williams

  4072 Leroy Ave, Memphis, TN 38108
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  /9

  $39,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 880 Sq Ft

  91 N Belvedere Blvd Unit 16, Memphis, TN 38104

  AS-IS. CASH ONLY!! Will not go conventional financing or FHA. Condo has new paint and carpet. Let's make a deal!

  Jamie Green River City Land Co., LLC

  91 N Belvedere Blvd Unit 16, Memphis, TN 38104
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  /2

  $7,000

  $3K PRICE DROP

  • Land
  • 3,049 Sq Ft
  • $100,000 per Acre

  598 Arrington Ave, Memphis, TN 38107

  Great lot for new construction. This lot is leveled with street access and curb cut

  Crystal Mitchell Renshaw Company, REALTORS

  598 Arrington Ave, Memphis, TN 38107
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  /22

  $36,999

  $11K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,470 Sq Ft

  1117 Greenlaw Ave, Memphis, TN 38105

  Investor Special! Full renovation opportunity located minutes from Downtown Memphis, St. Jude, Crosstown Concourse, and the Medical District. Property will require a complete rehab, ideal for experienced investors, rehabbers, or buy-and-hold buyers looking for strong upside potential. Area continues to see redevelopment, renovated homes, and investor activity. Sold as-is. Cash or Hard Money only.

  Daniel Demers Sell Your Home Services, LLC

  1117 Greenlaw Ave, Memphis, TN 38105
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  /4

  $14,000

  $4K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 674 Sq Ft

  740 Marble Ave, Memphis, TN 38107

  This home could be yours. Gated home by Manassas High School. Close to downtown Memphis. Investors, add this home to your portfolio. Partially burned. Please don't enter, if you do, enter at your own risk.

  Andre Pruitt TRG Real Estate Services, LLC

  740 Marble Ave, Memphis, TN 38107
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  /28

  $199,000

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,579 Sq Ft

  1457 S Cooper St, Memphis, TN 38114

  Turnkey duplex investment opportunity with both units currently leased, producing $1,440/month in gross rental income. This cash-flowing property offers immediate income from day one with established tenants already in place, minimizing vacancy risk and providing a smooth transition for the next owner. Ideally positioned in Midtown Memphis, just minutes from the vibrant districts of Cooper-Young

  Eric Earles Fast Track Realty, LLC

  1457 S Cooper St, Memphis, TN 38114

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