Memphis, TN Homes under $200,000

• 

  

  /2

  $120,750

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

  409 Whiteville Ave, Memphis, TN 38109

  Great investment property! This tenant-occupied property generates $1,145/month in rent and is professionally and locally managed. Leased through 11/30/2026, offering steady income from day one. No showings without an accepted offer

  James Wachob Foundation Property Management

  409 Whiteville Ave, Memphis, TN 38109
• 

  

  /2

  $104,900

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

  4019 Maumee St, Memphis, TN 38109

  Excellent investment property already cash-flowing! Low maintenance brick exterior. Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $970/mo. Professionally managed.

  Caleb Parr Renshaw Company, REALTORS

  4019 Maumee St, Memphis, TN 38109
• 

  

  /2

  $164,900

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

  1041 Richland Dr, Memphis, TN 38116

  Multiple cashflow investment turnkey properties available. Sold as package or individually. Home is fully renovated to include: new roof, HVAC, refinished hard wood flooring, upgraded kitchen, and bathrooms. Professionally and locally managed. Schedule a showing today and ask your favorite realtor for a copy of the scope of work and proforma! Tenant Occupied. Do not disturb tenant. Owner/Agent

  James Wachob Foundation Property Management

  1041 Richland Dr, Memphis, TN 38116
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  /2

  $115,000

  • Land
  • 1.03 Acres
  • $111,650 per Acre

  0 Summer Ave Unit 10195870, Memphis, TN 38134

  Development opportunity near the Southeast Corner of Summer and Munson. This is near a four way intersection and next door to a retail strip center. Shelby Oaks Elementary School is also nearby. Property is zoned CMU-1. Seller also has the adjacent lot for sale as well parcel number 089044 00351, MLS number 10195869. Cash offers strongly preferred. Numerous uses available. Excellent

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 Summer Ave Unit 10195870, Memphis, TN 38134
• 

  

  /2

  $115,000

  • Land
  • 0.46 Acre
  • $250,000 per Acre

  0 Summer Ave Unit 10195869, Memphis, TN 38134

  Development opportunity near the Southeast Corner of Summer and Summer Trace Drive, just east of 5963 Summer Strip Center and nearby to Shelby Oaks Elementary School. Property is zoned CMU-1. Seller also has the adjacent lot for sale as well parcel number 089044 00353, MLS number 10195870. Cash offers strongly preferred. Numerous uses available. Excellent visibility, frontage, and access. No

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 Summer Ave Unit 10195869, Memphis, TN 38134
• 

  /2

  $150,000

  • 5 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  1388 Gaither St, Memphis, TN 38106

  Investor Opportunity!!! Bring all Offers!! Cash flow rental property with tenants already!! Long term tenants have a garden. The first level is 3 bedrooms and Bath, the second level (below) is 4 bedrooms and Bath. DO NOT DISTURB TENANTS, NO SHOWINGS WITHOUT ACCEPTED OFFER, NO WHOLESALE/ASSIGNMENT OF CONTRACT OFFERS. PROOF OF FUNDS!!!! No repairs, as-is. No sign in yard

  Cheryl Henderson-Banks Crye-Leike, Inc., REALTORS

  1388 Gaither St, Memphis, TN 38106
• 

  /2

  $100,000

  • 2 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  671 McDavitt Place, Memphis, TN 38107

  Vacant. Located in Uptown. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

  Virgil Pryor Harris Realty Services

  671 McDavitt Place, Memphis, TN 38107
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  /2

  $135,000

  • 6 Beds
  • 2 Baths
  • 2,600+ Sq Ft

  876 N 3rd St, Memphis, TN 38107

  Property tenant occupied. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

  Virgil Pryor Harris Realty Services

  876 N 3rd St, Memphis, TN 38107
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  /2

  $109,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  4097 Mossville St, Memphis, TN 38109

  Attention investors! Don’t miss this excellent opportunity to add a solid income-producing property to your portfolio. Located at 4097 Mossville St, Memphis, TN, this 4-bedroom, 1.5 bath home is already generating steady rental income at $770 per month. Whether you're a seasoned investor or just getting started, this is a low-maintenance addition to build your rental income stream. Do the numbers

  Jasmine Owens Keller Williams

  4097 Mossville St, Memphis, TN 38109
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  /2

  $164,000

  • Land

  8534 Geiberger Dr, Memphis, TN 38016

  New gated community adjacent to the historical Colonial Country Club golf course. This is an isolated, secluded, beautiful setting to build your dream home. Come see today! You won't believe the setting!

  Lauran Powers Powers Realty, LLC

  8534 Geiberger Dr, Memphis, TN 38016
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  /2

  $113,000

  • 3 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  3125 Vista Grande St, Memphis, TN 38127

  This 3BR/1.1BA home is the perfect property to add to your investment portfolio or to make your own home. Tenant has lived in this home for 8 years and is completely up to date on all payments. Currently rents for $975/month. PLEASE DO NOT DISTURB TENANT! All showings/inspections will be coordinated after offer acceptance. Please call with any questions!

  Karen Miller Real Broker

  3125 Vista Grande St, Memphis, TN 38127
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  /2

  $165,000

  • Land
  • 0.21 Acre
  • $785,714 per Acre

  883 Drake Manor Cove, Memphis, TN 38117

  WONDERFUL HIDDEN GEM! GATED SUBDIVISION OFF PARK AVE. WITH 7 LOTS. BACKS UP TO AUDUBON PARK WITH NEIGHBORHOOD GATE ACCESS TO THE PARK. BEAUTIFUL UP-SCALE HOMES.

  Mark Duke Ware Jones, REALTORS

  883 Drake Manor Cove, Memphis, TN 38117
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  /2

  $100,000

  • 5 Beds
  • 1 Bath
  • 2,200+ Sq Ft

  895 S Willett St, Memphis, TN 38114

  This spacious 5-bedroom, 1-bath, 2-story home is ready for a full renovation! With tons of potential, this property is priced to sell and offers anexcellent investment opportunity. ARV comps in the area are between $225,000 and $300,000—unlock the value with your vision! Bring your contractor and yourinvestor clients to make this property shine! Don't miss out—this one won't last long! AS-IS

  Brian Wicks C21 Patterson & Assoc. Real Es

  895 S Willett St, Memphis, TN 38114
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  $125,000

  • 4 Beds
  • 2.5 Baths
  • 1,800+ Sq Ft

  376 Clarice Dr, Memphis, TN 38109

  . Please do not disturb tenants. Will show property after an accepted offer.

  Elbert Carr Crye-Leike, Inc., REALTORS

  376 Clarice Dr, Memphis, TN 38109
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  $105,000

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

  1463 Ragan St, Memphis, TN 38106

  This property is already collecting income. It rents for $800.00 and tenants have lived here for 10 years, rent has not been raised. It can be raised bythe new owner. Please do not disturb tenants. Will show property when an accepted offer is received. Please do not disturb tenants. Will show interior upon accepted offer.

  Elbert Carr Crye-Leike, Inc., REALTORS

  1463 Ragan St, Memphis, TN 38106
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  $115,000

  • 1 Bed
  • 1 Bath
  • 960 Sq Ft

  1463 Effie Rd, Memphis, TN 38106

  DO NOT THE TENANT! This duplex offers a potential rental income of $1400! It features one bedroom and one bathroom. The units have been renovated and are ready for a prospective new owner.

  Sherita McCray Assured Real Estate Services

  1463 Effie Rd, Memphis, TN 38106
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  /2

  $184,900

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  1485 Faxon Ave, Memphis, TN 38104

  Speedway-Terrace Historic District Fixer Upper! This 3 beds 1 bath home perfect for investors or owner occupant buyers ready to roll up their remodeling sleeves! Yes, it needs repairs and is SOLD AS-IS, but with an FHA 203(k)rehab loan, you can purchase AND renovate with one convenient loan! Great potential-Customize to your taste. You can remodel the bathroom, kitchen, redo the plumbing,

  Melody Jaramillo Realty International, Inc.

  1485 Faxon Ave, Memphis, TN 38104
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  /2

  $169,500

  • 3 Beds
  • 1 Bath
  • 1,400+ Sq Ft

  920 N Auburndale St, Memphis, TN 38107

  Vollintine-Evergreen Historic District Fixer Upper! This 3 beds 1 bath home perfect for investors or owner occupant buyers ready to roll up their remodeling sleeves! Yes, it needs repairs and is SOLD AS-IS, but with an FHA 203(k)rehab loan, you can purchase AND renovate with one convenient loan! Great potential-Customize to your taste. You can remodel the bathroom, kitchen, redo the plumbing,

  Melody Jaramillo Realty International, Inc.

  920 N Auburndale St, Memphis, TN 38107
• 

  /2

  $200,000

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

  7439 Concord View Dr, Memphis, TN 38125

  What an investment opportunity! Awesome neighborhood, great rents and really amazing property for long-term holders - this one has it all. 3/2, just placed a new tenant for $1524, Sec. 8/MHA and with a 2-car garage. The neighborhood has great schools and plenty of shopping within a few minutes, so the value-add/growth potential will go up over the years for a really nice exit strategy as a

  Randall Weatherall Memphis Metro Realty

  7439 Concord View Dr, Memphis, TN 38125
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  /2

  $190,000

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

  1776 Dorrie Ln, Memphis, TN 38117

  Attention investors! Add this cash-flowing rental property to your portfolio! Current owner spent nearly $40k on updates since in 2022: NEW ROOF, FULLY RENOVATED BATHROOMS, ALL NEW interior paint, NEW kitchen cabinets & countertops, NEW washer, dryer, dishwasher garbage disposal, sink, ceiling fans, NEW landscaping and more! All hardwood floors & tile - NO CARPET! Awesome one-level floorplan with

  Lauren Waites Real Estate Agency

  1776 Dorrie Ln, Memphis, TN 38117
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  /2

  $139,500

  • 2 Beds
  • 1 Bath
  • 1,769 Sq Ft

  635 Mcwhirter Ave, Memphis, TN 38127

  Tenant occupied!!! Do not disturb the tenants. All offers must be approved prior to any inspection. Offer instructions are in the attached documents.

  Henry Booth Omni, REALTORS

  635 Mcwhirter Ave, Memphis, TN 38127
• 

  /2

  $139,900

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
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  /2

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  2218 Kingsley Cove, Memphis, TN 38127

  Occupied, cashflowing house in a really nice area of Frayser. Rented for $1150/month currently, with renewal due this month. Nice sized house with great long-term rentability as a 3/2 with a 2-car garage - this one will be such a solid addition to your portfolio for years to come. Buyer to verify all facts. NO wholesaler offers or 'creative financing/seller-financing' offers will be accepted.

  Randall Weatherall Memphis Metro Realty

  2218 Kingsley Cove, Memphis, TN 38127
• 

  /2

  $110,000

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

  4015 N Trezevant St, Memphis, TN 38127

  Frayser is home to some of the most desirable neighborhoods for investors and houses like this make it easy to see why! Brick 3/1.5 with a carport makes for an awesome addition to just about any portfolio looking for long-term rent potential and stability. It's currently rented for $1150/month until 9/30/25 so it's ready to perform from day one! Buyer to verify all facts. NO wholesaler offers

  Randall Weatherall Memphis Metro Realty

  4015 N Trezevant St, Memphis, TN 38127
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  /2

  $125,000

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

  3209 Coleman Ave, Memphis, TN 38112

  Attention Investors and Home Buyers! This charming 3-bedroom, 2-bath home is recently renovated and currently tenant-occupied, generating $1,200 per month on a month-to-month lease—an excellent rental income opportunity! Showings are available only with an accepted contract to respect tenant privacy. The property can be delivered vacant at closing, or you can choose to renew the lease and

  Zahra Sultan eXp Realty, LLC

  3209 Coleman Ave, Memphis, TN 38112
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  /2

  $130,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1502 Mary Jane Ave, Memphis, TN 38116

  Cash Flowing Investment opportunity in the Whitehaven area. This 3br/1 bath single-family home is in the 38116. Cash flowing, currently rented at $1080/month. Current lease ends 05/2026. Showings with an accepted offer. Do not disturb tenants.

  Courtney Staples Keller Williams

  1502 Mary Jane Ave, Memphis, TN 38116
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  $169,900

  • 4 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  2275 Jackson Ave, Memphis, TN 38112

  This is an As Is Sale Wood Floors 2 Car Detached Garage Home in need of cosmetic repairs Great oppurtunity to flip home

  Frank Pereira Jennae Realty, Inc.

  2275 Jackson Ave, Memphis, TN 38112
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  /2

  $115,000

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

  5581 Blossom Ln, Memphis, TN 38115

  Currently Tenant Occupied for $1100~Do Not Disturb Tenants~Write Offer Contingent on Showing/Inspection

  Jennifer Carstensen Real Estate Agency

  5581 Blossom Ln, Memphis, TN 38115
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  /2

  $143,000

  • 3 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  3965 Plymouth Ave, Memphis, TN 38128

  Great turn key rental. New roof 4/2025. Currently rented for $1,295 a month with valid lease until 3/31/26.

  Joe King Marathon REALTORS, LLC

  3965 Plymouth Ave, Memphis, TN 38128
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  /2

  $135,000

  • 3 Beds
  • 1.5 Baths
  • 1,800+ Sq Ft

  3562 Monessen Dr, Memphis, TN 38128

  Great turn key rental. Tenant inn place paying $1,295 a month with valid lease until 11/30/2025

  Joe King Marathon REALTORS, LLC

  3562 Monessen Dr, Memphis, TN 38128
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  $114,500

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  4900 Applestone St, Memphis, TN 38109

  Great investment home. Current tenant has been living her for move than three years. Home is neatly maintained. All investors are welcome to view the home with an appointment.

  Douglas McPherson Coldwell Banker Collins-Maury

  4900 Applestone St, Memphis, TN 38109
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  /2

  $148,500

  • Land

  0 Cypress Rd, Memphis, TN 38128

  11 lots available in the newly formed Gifted Point Subdivision. These subdivided lots offer a blank canvas for development, awaiting essential utilities including electrical, water, and sewer taps. Perfect for builders or investors looking to shape a growing community, this opportunity combines flexibility and promise. Don't miss your chance to bring your vision to life in this subdivision! Use

  Tanika Bland BEST Real Estate Company

  0 Cypress Rd, Memphis, TN 38128
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  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 100+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  Tenant Occupied. This charming 3-bedroom, 1-bathroom is a great investment opportunity. The property is tenant-occupied, generating a steady rental income of $940 per month, with a lease secured until 02/28/2025. Situated on a quiet cove, this home offers a functional layout, low maintenance features, and a desirable location for tenants. With reliable cash flow and a stable lease in place, this

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /2

  $150,000

  • Land
  • 3.36 Acres
  • $44,643 per Acre

  0 Berryhill Rd Unit 10185975, Unincorporated, TN 38016

  The land has been cleared with a great portion of trees removed. Owner is motivated to sell this 3.3 acre property zoned CA (Conservative Agriculture, but could be developed for Single Family Homes. Utilities able to be placed from adjacent subdivision and offers lots of the seclusion. Show and sell today. Owner will not finance.

  Daryl Lewis Infinity Group REALTORS, Inc.

  0 Berryhill Rd Unit 10185975, Unincorporated, TN 38016
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  /2

  $114,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  861 Buntyn St, Memphis, TN 38114

  Perfect home for first time home buyer or investors. This is a 3 bedrooms 1 bath home, one year old roof, new wiring, plumbing and 6 month old hvac system. Only 6 minutes drive from university of Memphis making it ideal for rental property. 1814 Marjorie St and 44 Peebles St are up for sale too. Buy it individually or all three houses together. Ideal for investors who wants to increase their

  Ali Nawaz KAIZEN Realty, LLC

  861 Buntyn St, Memphis, TN 38114
• 

  /2

  $129,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  1814 Marjorie St, Memphis, TN 38106

  Welcome to this charming 3-bedroom, 2.5-bath home located in a quiet, desirable neighborhood! The property features a spacious layout, perfect for both everyday living and entertaining. Enjoy the convenience of an open kitchen and dining area, a large living room with plenty of natural light, and a cozy backyard for relaxation or gatherings. The master bedroom includes full bath, while the two

  Ali Nawaz KAIZEN Realty, LLC

  1814 Marjorie St, Memphis, TN 38106
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  /2

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  5459 Fieldcrest Ave, Memphis, TN 38134

  Great investment opportunity just outside of Bartlett! This home needs a little love to bring back to life with a scope of work coming back at 40k. Located just minutes away from Municipal Park and a plethora of shopping and dining options nearby.

  James Wachob Foundation Property Management

  5459 Fieldcrest Ave, Memphis, TN 38134
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  /2

  $100,000

  • Land
  • 3.23 Acres
  • $30,960 per Acre

  0 Southwall St, Memphis, TN 38114

  BACK ON MARKET due to Buyer's building plans falling through. Vacant land/lot. Undeveloped 3.226 acres immediately behind existing homes. Zoned Residential and could be perfect for multiple unit residential build. With a change in zoning to commercial, this would also be a great spot for a business or warehouse. Only 12 minutes from Memphis International Airport.

  Anna Acosta Snyder Centric Realty LLC

  0 Southwall St, Memphis, TN 38114
• 

  /2

  $129,900

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  5246 Lochinvar Dr, Memphis, TN 38116

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38116 area. Cash flowing with a monthly rental amount of $1,095/month. Currently on month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  5246 Lochinvar Dr, Memphis, TN 38116
• 

  /2

  $200,000

  • Land
  • 9 Acres
  • $22,573 per Acre

  00 Yale Rd, Memphis, TN 38133

  Fantastic location busy High traffic area of Bartlett. Zoned office. Long Frontage on Yale Rd. Some flood land. Owner anxious to sell. Beautiful, Level, vacant land.

  Jim Norman Keller Williams

  00 Yale Rd, Memphis, TN 38133

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