Memphis, TN Homes for Sale under $200,000

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  /13

  $90,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 908 Sq Ft

  1023 Parkland Rd, Memphis, TN 38111

  Excellent opportunity for buyers seeking steady rental income $1,000/month rent | Lease ends 12/01/2026. Stable tenant, strong rental demand, and great passive income potential. Situated on a generous 0.25-acre lot, just minutes from the University of Memphis. Lease and Ledger available on request.

  Lakesha Lilly Leatherwood The Home Partners Realty

  1023 Parkland Rd, Memphis, TN 38111
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  /19

  $190,000

  $40K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,596 Sq Ft

  570 Marianna St, Memphis, TN 38111

  Don't miss this charming 1-story home featuring 4 bedrooms and 2 bathrooms with a spacious layout designed for comfortable everyday living. The inviting living areas provide plenty of room for relaxing or entertaining, while the functional floor plan offers flexibility for a variety of lifestyles. The generously sized bedrooms provide space for family, guests, or a home office. Enjoy the

  Vicki Testerman Mainstay Brokerage, LLC

  570 Marianna St, Memphis, TN 38111
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  /2

  $29,999

  $5K PRICE DROP

  • Land
  • 5,227 Sq Ft
  • $249,992 per Acre

  1608 Netherwood Ave, Memphis, TN 38106

  Vacant lot in the Glenview neighborhood. Flat lot and ready to build on. Utilities service from rear of lot. R-6 (H) zoning. Two other lots in the neighborhood also listed.

  Rob Thompson Bluff City Realty Group, LLC

  1608 Netherwood Ave, Memphis, TN 38106
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  /22

  $205,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,197 Sq Ft

  3512 Rockwood Ave, Memphis, TN 38122

  This beautifully remodeled home features 3 spacious bedrooms and 2 bathrooms. Recent upgrades include a remodeled roof, new fencing, renovated bathrooms, updated flooring, fresh interior and exterior paint, a newly improved driveway, and ceramic tile floors throughout. Enjoy the spacious 26 x 30 ft. porch, perfect for relaxing or entertaining. Additionally, the property offers a completely fenced

  Itzel Sanchez Bustamante Keller Williams

  3512 Rockwood Ave, Memphis, TN 38122
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  /5

  $150,000

  • 2 Beds
  • 1 Bath
  • 891 Sq Ft

  1180 Russwood Rd, Memphis, TN 38122

  Great investment opportunity in an established Memphis neighborhood. This 4 sided brick home was built in 1951 on a spacious 0.24 acre lot and was fully renovated turnkey in 2022, giving investors a truly ready asset with none of the guesswork. Currently rented for instant cash flow, with rent roll available upon request. Enjoy a beautiful screened in patio, perfect for relaxing evenings, along

  Bradley Puckett Reedy & Company, REALTORS

  1180 Russwood Rd, Memphis, TN 38122
• 

  

  /13

  $119,000

  • 4 Beds
  • 1 Bath
  • 1,052 Sq Ft

  1889 Marjorie St, Memphis, TN 38106

  Recently updated 4 bedroom, 1 bath home in a great location. Do not miss out on this opportunity!

  Marissa Miller The Stamps Real Estate Company

  1889 Marjorie St, Memphis, TN 38106
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  /10

  $104,000

  $16K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,156 Sq Ft

  2100 Stovall Ave, Memphis, TN 38108

  Fully renovated home that is perfect for your next investment. Freshly painted, new floors, water heater, roof and many other upgrades. Schedule your showing today. Property is rented for $950

  Keino Spring Harris & Harris Realty Group

  2100 Stovall Ave, Memphis, TN 38108
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  /11

  $139,900

  $9K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,357 Sq Ft

  1507 Oakwood St, Memphis, TN 38108

  1507/1509 Oakwood - Turnkey Duplex Investment Opportunity Well-maintained and recently updated duplex offering immediate income potential. One side is currently rented at $775/month, and the other side is vacant with a prospective tenant expected to move in within the next couple of weeks at approximately $800/month. This property has been fixed up and is positioned for strong cash flow with

  Jonathan Nunez Fast Track Realty, LLC

  1507 Oakwood St, Memphis, TN 38108
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  /12

  $122,000

  • 3 Beds
  • 2 Baths
  • 1,330 Sq Ft

  4109 Knob Dr, Memphis, TN 38127

  GREAT INVESTOR OPPORTUNITY!!! NEW ROOF, NEW PAIINT, NEW LIGHT FIXTURES, NEW HVAC, NW WATER HEATER, NEW FLOORING, AND MORE.

  Fredrick Cunningham Keller Williams

  4109 Knob Dr, Memphis, TN 38127
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  /14

  $129,900

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

  6173 Blue Willow Cove, Memphis, TN 38141

  FAILED OFFER~~Brick 3 Bedroom 2 Bath in Ridgeway Estates~~ Very big Vaulted Greatroom with fireplace ~~Close to Schools and shopping~~Eat in kitchen ~~laundry room~~Will not go FHA~~Nice yard~~

  Scott Housewirth Crye-Leike Inc., REALTORS

  6173 Blue Willow Cove, Memphis, TN 38141
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  /2

  $95,000

  $14K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $955/ month in rental income, with the current lease running through 02/28/2027. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant.

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /29

  $130,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,198 Sq Ft

  3066 Redbud Rd, Memphis, TN 38109

  Investment opportunity with two separate units and strong rent potential!! Unit 3066 has been updated and is 3 bedrooms and 2 baths, offering increased livable space (Bonus Room) and higher rent capacity. Unit 3068 requires repairs and updates. After renovations, each unit is projected to lease for approximately $1,400–$1,550 per month with Section 8, based on current area rental rates. Property

  Donnie Morrow eXp Realty, LLC

  3066 Redbud Rd, Memphis, TN 38109
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  /2

  $115,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  3517 N Watkins St, Memphis, TN 38127

  Investment opportunity. 3 bedr. 1 bath. .$1,450 per month rent

  Harry Samuels Pinnacle Realty

  3517 N Watkins St, Memphis, TN 38127
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  /2

  $78,800

  • Land
  • 7,405 Sq Ft
  • $463,529 per Acre

  1056 Roland St, Memphis, TN 38114

  3 - 50 x 150 Vacant Home Lots - 1056, 1060 and 1064 Roland Street. Ready to build. Seller is a licensed Real Estate Agent

  Chris Garland Crye-Leike, Inc., REALTORS

  1056 Roland St, Memphis, TN 38114
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  /2

  $90,000

  $20K PRICE DROP

  • Land
  • 10,890 Sq Ft
  • $360,000 per Acre

  4539 Weaver Rd SW, Memphis, TN 38109

  TWO (2) PARCELS....OVER 12 ACRES..... GREAT LOCATION FOR BUILDING NEW AFFORDAABLE HOUSING IN SOUTHWEST SHELBY COUNTYT..... EXCELLENT FRONTAGE!!! PRICE REDUCED!!!

  Georgia Torrance Torrance Real Estate

  4539 Weaver Rd SW, Memphis, TN 38109
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  /7

  $175,000

  • 3 Beds
  • 1 Bath
  • 1,027 Sq Ft

  4524 Flamingo Rd, Memphis, TN 38117

  Great home in Colonial Acres! 3 BR, 1 BA with 1,027 sqft with hardwood floors throughout. HVAC replaced in 2024. Condenser 2021, Roof 2020, Appliances 2022, Hot Water Heater 2023. Turnkey rental investment home priced right. Monthly rent is $1,500 with potential for more. DO NOT DISTURB TENANTS. Inspections will be scheduled with accepted contract. Current tenant lease ends July 31, 2026. Call

  Robert Hyde Ware Jones, REALTORS

  4524 Flamingo Rd, Memphis, TN 38117
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  /17

  $125,000

  • 3 Beds
  • 1.5 Baths
  • 1,309 Sq Ft

  4897 Manson Rd, Memphis, TN 38109

  Welcome to 4897 Manson! This three-bedroom, one-and-a-half-bath home offers plenty of functional living space, including a separate living room and formal dining room. The stove and refrigerator will remain for the buyer, making move-in a little easier. Step outside to the covered front patio—perfect for grilling, relaxing, or enjoying a little time outdoors. An 11x10 mud/storage room provides

  Nancy Moore Crye-Leike, Inc., REALTORS

  4897 Manson Rd, Memphis, TN 38109
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  /19

  $64,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,142 Sq Ft

  3700 Ridgemont Rd, Memphis, TN 38128

  Step into this charming 1-story home featuring 3 bedrooms and a 1-car detached garage, ideally situated on a cul-de-sac. The functional floor plan offers comfortable living spaces with plenty of natural light and flexibility for everyday living. The cul-de-sac location provides added privacy and reduced traffic, making it a great place to enjoy the outdoors. With its inviting layout and excellent

  Adam Woodring Mainstay Brokerage, LLC

  3700 Ridgemont Rd, Memphis, TN 38128
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  /2

  $8,950

  • Land
  • 6,969 Sq Ft
  • $55,938 per Acre

  1391 Nicholas St, Memphis, TN 38107

  Why buy someone else’s dream when you can create your own? Vacant land in 38107 is your blank canvas! pc# 039019 00014 Growth alert: $310M Midtown redevelopment by Mississippi Boulevard Christian Church & Meharry Medical College—just minutes from this land!

  Karen Walker Epique Realty

  1391 Nicholas St, Memphis, TN 38107
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  /33

  $153,000

  • 2 Beds
  • 1 Bath
  • 806 Sq Ft

  66 Monroe Ave Unit 304, Memphis, TN 38103

  Experience the best of Downtown Memphis living in this beautifully maintained condo in the historic Shrine Building. This 2-bedroom, 1-bath residence offers an open-concept layout with hardwood floors, a spacious kitchen with breakfast bar, and abundant natural light. Residents enjoy access to desirable amenities including a rooftop deck with Mississippi River views, fitness center, pool, sauna,

  Courtney Clark Keller Williams

  66 Monroe Ave Unit 304, Memphis, TN 38103
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  /14

  $102,500

  • 3 Beds
  • 1 Bath
  • 1,222 Sq Ft

  1450 Lambert St, Memphis, TN 38108

  INvestor Alert! An awesome opportunity to add to your portfolio. This cozy home spans 1,222 square feet and features three bedrooms and one bathroom, offering ample living space without breaking the bank. Located at the quiet end of a cove, the property promises a peaceful living environment, a single-family house available for purchase, ideally suited for buyers looking for a budget-friendly

  James Johnson KAIZEN Realty, LLC

  1450 Lambert St, Memphis, TN 38108
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  /28

  $125,000

  • 1 Bed
  • 1 Bath
  • 741 Sq Ft

  1960 N Parkway Unit 205, Memphis, TN 38112

  Amazing Remodeled Unit on the Second Floor!!!! Beautifully Designed One Bedroom condo Furnished, and Offers a perfect blend of Space, Natural Light, Convenience, and Effortless Urban Living! New Flooring, Updated Kitchen Surfaces, Oven, Dishwasher, Updated Bathroom! Has HUGE Walk In Closet and Spacious Bedroom!!! The Maintenance Fee includes Water and Electric, Building Insurance, 24/7 Access

  Bill Malone Crye-Leike, Inc., REALTORS

  1960 N Parkway Unit 205, Memphis, TN 38112
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  /2

  $18,000

  $40K PRICE DROP

  • Land
  • 6,969 Sq Ft
  • $112,500 per Acre

  5041 Carterville Place, Memphis, TN 38127

  5033 Carterville Pl. Memphis 38127 5041 Carterville Pl. Memphis 38127 (the two partials on Carterville are adjoining) Offered together for 18,000! **Buyer to verify all lot dimensions, zoning, utilities, and intended use.

  Rolanda Smith eXp Realty, LLC

  5041 Carterville Place, Memphis, TN 38127
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  /12

  $155,900

  • 3 Beds
  • 1.5 Baths
  • 1,830 Sq Ft

  2624 Courtney Dr, Memphis, TN 38128

  This 3-bedroom, 2.5 bath home features a functional layout with functional living space throughout. Enjoy a large bonus bedroom on the lower level with a separate bathroom and standup shower. With solid bones and room for updates, this home offers a great opportunity to add value and make it your own. Conveniently located near schools, shopping, and major roadways for easy access. Property is

  Makayla Metcalf-Martin Keller Williams

  2624 Courtney Dr, Memphis, TN 38128
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  /13

  $185,000

  $13K PRICE DROP

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

  1774 Crump Ave Unit A, Memphis, TN 38107

  Investor Opportunity – Income-Producing Duplex Great investment opportunity! These duplex features two 1BR/1BA units. One unit is currently occupied on a month-to-month lease generating $550 on a year lease, providing immediate rental income, while the second unit is vacant and move-in ready. Ideal for investors or owner-occupants looking to live in one unit and rent the other. Convenient layout

  LaTonya Hammond Lawrence Johnson, REALTORS

  1774 Crump Ave Unit A, Memphis, TN 38107
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  /11

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,482 Sq Ft

  3294 Lockmeade Dr, Memphis, TN 38127

  Renovated, New windows, Roof, and Paint. Property is currently being rented. Owner is selling As-Is, No Owner Financing.

  Ruby Cardenas Keller Williams

  3294 Lockmeade Dr, Memphis, TN 38127
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  /10

  $119,000

  $7K PRICE DROP

  • 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

  $84,900

  $10K PRICE DROP

  • 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.

  Carl Purifoy Trelora Realty

  3902 Edenburg Dr, Memphis, TN 38127
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  /10

  $108,999

  $9K PRICE DROP

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

  2574 Saint Elmo Ave, Memphis, TN 38127

  ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,100/ month in rental income, with the current lease running through 07/14/2027. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the

  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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  /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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  /20

  $150,000

  • 1 Bed
  • 1 Bath
  • 880 Sq Ft

  821 Merrywood Glen Unit 1, Memphis, TN 38117

  Move-in ready 1-bedroom, 1-bath condo in the gated Audubon Square community in the heart of East Memphis. This low-maintenance unit features all-new wood flooring, fresh paint, ample closet space, and an updated bathroom with subway tile. Refrigerator and stack washer/dryer are included. Sliding glass doors open to a covered patio. Residents enjoy three pools, tennis courts, a clubhouse, walking

  John Moore Marx-Bensdorf, REALTORS

  821 Merrywood Glen Unit 1, Memphis, TN 38117
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  /6

  $119,900

  $10K PRICE DROP

  • 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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  /17

  $190,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,377 Sq Ft

  2247 Alameda Ave, Memphis, TN 38108

  Charming 4-bedroom, 2-bath home in Memphis, TN 38108 offering 1,377 sq ft of living space. Features a functional floor plan with spacious living areas and flexible room options. Conveniently located near shopping, dining, schools, and major roadways. Great opportunity for homeowners or investors.

  Jonathan Minerick homecoin.com

  2247 Alameda Ave, Memphis, TN 38108
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  /20

  $179,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,338 Sq Ft

  3593 Powell Ave, Memphis, TN 38122

  Move in ready and full of charm! This nicely renovated 2 bedroom, 1 bath home at 3593 Powell Ave offers a fresh, comfortable space that's ready for its next owner. Recent updates give the home a refreshed feel while maintaining a simple and functional layout that's easy to enjoy. The two bedrooms provide comfortable living space, with flexibility for a guest room, home office, or additional

  Jonathan Nunez Fast Track Realty, LLC

  3593 Powell Ave, Memphis, TN 38122
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  /10

  $113,900

  $11K 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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  /8

  $35,000

  • 2 Beds
  • 1 Bath
  • 891 Sq Ft

  3342 Carrington Rd, Memphis, TN 38111

  2-bedroom, 1-bathroom home located on a corner lot in a convenient area just minutes from the University of Memphis. The property is in need of rehabilitation, including a kitchen that was damaged by fire. With the right improvements, this could be a great home or investment opportunity. Several homes in the surrounding area are currently being rehabbed and resold at higher prices, making this a

  Elizabeth Castillo BEST Real Estate Company

  3342 Carrington Rd, 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 CCIM Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
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  /36

  $118,000

  • 1 Bed
  • 1 Bath
  • 676 Sq Ft

  109 N Main St Unit 710, Memphis, TN 38103

  SELLER OFFERING 6 months PAID of HOA fees with acceptable offer. This move-in-ready residence features recently installed hardwood flooring throughout and a fully renovated bathroom with a stylish vanity and tiled tub/shower combination. Enjoy the rare convenience of secure, attached parking with direct same-floor garage access. Take in peaceful northern views of the downtown government district,

  Tracie Gaia BHHS McLemore & Co., Realty

  109 N Main St Unit 710, Memphis, TN 38103

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