Memphis, TN Homes for Sale under $200,000

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  /9

  $125,000

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

  4460 Sumners Wells Rd, Memphis, TN 38118

  Cash flowing duplex with gross rents of $1225 per month. Brick 2br/1ba per side with CH/A. Newer roof; Rent roll attached to listing. Also available from same owner 4466-68 Sumners Wells Rd. Both duplexes are side by side. 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 to

  Lowell Brister Leco Realty, Inc.

  4460 Sumners Wells Rd, Memphis, TN 38118
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  /7

  $116,500

  New Construction $49K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 687 Sq Ft

  818 Semmes St, Memphis, TN 38111

  Beautiful one-bedroom, one-bathroom cottage with an office known as "Merigold Cottage" is now available for first-time homebuyers only. NO investors. Buyer must meet HUD 2025 80% AMI total household income eligibility. See info in MLS docs. The Seller is offering a one-year builder's warranty, and $25K downpayment assistance is also available. Range/oven and dishwasher will be installed before

  Tammy Coleman Legendary Realty

  818 Semmes St, Memphis, TN 38111
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  /27

  $109,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,216 Sq Ft

  3646 Overton Crossing St, Memphis, TN 38127

  Nicely upkept and recently updated 3 Bed 2 Bath home perfect for investors looking to add to their portfolio. LVP flooring throughout, ring doorbell camera, range, new gas water tank, new furnace, newer condnsor and coil. Large corner lot with partially fenced yard and plenty of parking. Currently rented MHA on a new lease January 2026.

  Michael Valenza eXp Realty, LLC

  3646 Overton Crossing St, Memphis, TN 38127
• 

  

  

  /22

  $125,000

  • 1 Bed
  • 1 Bath
  • 870 Sq Ft

  1960 N Parkway Unit 511, Memphis, TN 38112

  Beautifully renovated 1 bed/ bath unit. Lots of natural light and a clean modern feel. Updated kitchen and bath with private balcony. Hoa includes utilites and 24 Hour Security, gated and controlled access. Pool, fitness room, party room and assigned parking. Additional storage in basement and assigned parking, just minutes away from Overton Park, the Memphis Zoo, and Crosstown Concourse.

  Amanda Kirkman KAIZEN Realty, LLC

  1960 N Parkway Unit 511, Memphis, TN 38112
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  /14

  $109,900

  • 3 Beds
  • 1 Bath
  • 913 Sq Ft

  4374 Ford Rd, Memphis, TN 38109

  *Last contract failed due to no fault of seller* Neat as a pin. Offers 3 bedrooms, 1 bath, separate living room & eat in kitchen. The interior has mostly laminate flooring & carpet in one bedroom. The exterior is brick & vinyl siding. Also has a 1 car attached carport. Must see! NO BLIND OFFERS!!!

  Jimmie Hopson Crye-Leike, Inc., REALTORS

  4374 Ford Rd, Memphis, TN 38109
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  /22

  $158,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,353 Sq Ft

  3073 Coleman Ave, Memphis, TN 38112

  Completely renovated and move in ready! This beautifully updated home features 3 bedrooms, 2 bathrooms, and a huge bonus room offering flexible use as a 4th bedroom, office, or additional living space. Recent renovations include new roof, new ductwork, new insulation, new flooring throughout, updated cabinets, and more providing peace of mind for years to come. Ideal for first time homebuyers or

  Arath Luevano Fast Track Realty, LLC

  3073 Coleman Ave, Memphis, TN 38112
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  /19

  $149,999

  $125K PRICE DROP

  • 7 Beds
  • 3 Baths
  • 2,800+ Sq Ft

  1920 Oliver Ave, Memphis, TN 38104

  Endless Potential just blocks from Cooper-Young. This spacious 2,800 sq ft home offers numerous opportunities for investors and homeowners alike. Whether you're looking to keep it’s triplex living, rent by the room, explore renovations and the short-term rental market, or even redesign it as a custom single-family residence, the layout and location make it an ideal canvas for your vision. The

  Nick Bowen Keller Williams

  1920 Oliver Ave, Memphis, TN 38104
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  /2

  $110,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,288 Sq Ft

  1452 Castalia St, Memphis, TN 38114

  PRICE Improvement!! Investors are welcomed!!! Perfect for investors who want a fully renovated home to added to their portfolio!! Or if you're a family looking for your new starter home. OR you're looking to turn your home into a rental at some point. Home was fully rehabbed in 2022 with numerous upgrades including new flooring throughout, new windows, updated bathroom, new fixtures, new HVAC

  Ivana Johnson Coldwell Banker Collins-Maury

  1452 Castalia St, Memphis, TN 38114
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  /23

  $129,900

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  1120 Parkland Rd, Memphis, TN 38111

  Welcome to 1120 Parkland Rd, Memphis, TN 38111—a warm and inviting home ready for a new family to create lasting memories. Situated in a generous .25-acre lot, this beautifully updated 2-bedroom, 1-bath home also includes a versatile office space with its own private entry, perfect for a home office, playroom, or guest area. The home has been thoughtfully renovated with a new roof, new windows, a

  Cecilia Fernandez The Home Partners Realty

  1120 Parkland Rd, Memphis, TN 38111
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  /7

  $115,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4503 Beacon Hill Dr, Memphis, TN 38127

  Welcome to 4503 Beacon Hill Drive! This tenant-occupied 3-bedroom, 1-bath home features hard surface flooring throughout, a spacious living area, and a modern kitchen with large shaker cabinets. All bedrooms are on one level, with a separate dining area and central heat and air for year-round comfort. Enjoy a large fenced backyard and a driveway pad for off-street parking. Don't miss this one!!

  James Wachob Foundation Property Management

  4503 Beacon Hill Dr, Memphis, TN 38127
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  /18

  $200,000

  • 4 Beds
  • 2 Baths
  • 1,475 Sq Ft

  2428 Lamar Cir, Memphis, TN 38114

  COMPLETELY RENOVATED duplex Unique investment opportunity for 2 rentals. Option to live on one side and rent out the other OR perfect for an in-law suite when family needs to be close by. This can be a fantastic addition to your investment portfolio. 1 side occupied, $800 monthly rent, tenant pays utilities. Minutes from Cooper-Young area. Recent 2022 renovation included: New roof, Electrical

  LaJuana Miller KAIZEN Realty, LLC

  2428 Lamar Cir, Memphis, TN 38114
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  /3

  $119,900

  • 2 Beds
  • 1 Bath
  • 840 Sq Ft

  3325 Douglass Ave, Memphis, TN 38111

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted. No showings without an accepted offer.

  Dean Harris CrestCore Realty MphsBrokerage

  3325 Douglass Ave, Memphis, TN 38111
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  /30

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,353 Sq Ft

  4055 Kimball Ave, Memphis, TN 38111

  Well-maintained 3-bedroom, 2-bath home offering comfortable living with a functional layout and plenty of space to make your own. This property features inviting living areas, spacious bedrooms, and a kitchen designed for everyday convenience. Whether you’re a first-time buyer, downsizing, or searching for an investment opportunity, this home offers great potential and value. Don’t miss your

  Christopher Stjernholm Trelora Realty

  4055 Kimball Ave, Memphis, TN 38111
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  /16

  $107,900

  • 3 Beds
  • 2 Baths
  • 1,436 Sq Ft

  3532 Kallaher Ave, Memphis, TN 38122

  Attention Investors!!! You have the ability to buy 10 cash flowing rental properties at one time! This property is part of a package of 10 rental houses for sale. Houses are not sold separately. No wholesaler or assignment of contract offers will be accepted. These properties are all professionally managed. Video is available upon request and please do not disturb any tenants. Owner-Agent

  Dean Harris CrestCore Realty MphsBrokerage

  3532 Kallaher Ave, Memphis, TN 38122
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  /30

  $199,950

  $40K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 1,540 Sq Ft

  3470 Guernsey Ave, Memphis, TN 38122

  Renovated 4br/3ba. All furnishings included, (all appliances, furniture, and fixtures). Perfect for family or investment property. Convenient to all shopping and dining.

  KC Lam Cordova Realty, Inc.

  3470 Guernsey Ave, Memphis, TN 38122
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  /9

  $100,000

  • 3 Beds
  • 1 Bath
  • 853 Sq Ft

  2961 Southwall Cove, Memphis, TN 38114

  Great opportunity for investors or buyers looking to add value! This property is being sold as-is and offers strong potential as a rental or renovation project. Conveniently located near major roads, shopping, and employment centers, this home provides easy access to everything Memphis has to offer. Whether you’re looking for a long-term rental, fix-and-hold, or flip opportunity, 2961 Southwall

  Alex Evans Reedy & Company, REALTORS

  2961 Southwall Cove, Memphis, TN 38114
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  /21

  $159,000

  $1K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,134 Sq Ft

  1118 Poplar Ave Unit 11, Memphis, TN 38105

  Beautifully renovated 2BR/1BA condo in a gated community ideally located near the Medical District, Crosstown, and Midtown. Features stunning hardwood floors, a spacious living area, and a stylish kitchen with granite countertops and stainless steel appliances. Unbeatable convenience to everything Memphis has to offer. Set within a nationally registered historic estate designed by the renowned

  Tracy Duggan Real Broker

  1118 Poplar Ave Unit 11, Memphis, TN 38105
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  /17

  $109,000

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,039 Sq Ft

  1503 Swift St, Memphis, TN 38109

  MOTIVATED SELLER! Perfect for first-time buyers or empty nesters This gorgeous, renovated home is located within a ten-minute drive of downtown Memphis and West Memphis. This home offers new flooring throughout. The interior & exterior have been newly painted, and it features new cabinets, interior & exterior lighting, ceiling fans, and windows. The Seller will convert the shower to a bathtub at

  KaTrina Kelly-Isom 4 Success Realty, LLC

  1503 Swift St, Memphis, TN 38109
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  /19

  $135,900

  • 3 Beds
  • 1 Bath
  • 1,188 Sq Ft

  2442 Manchester Rd, Memphis, TN 38114

  Lovely 4bed 2bath home with tile and laminate flooring throughout. Home has a large fenced backyard (perfect for pets). Lots of space for the money, with a nice floorplan, all the bedrooms on one level (no stairs). Home has new paint, new light fixtures, new mini-blinds, and new doorknobs. Both Bathrooms are updated with new tile, new vanities, new mirrors, new toilets, and new plumbing fixtures.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2442 Manchester Rd, Memphis, TN 38114
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  /2

  $198,000

  $23K PRICE INCREASE

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

  1039 Lagrange Ave, Memphis, TN 38107

  Welcome to 1039 Lagrange Avenue, a cozy 4-bedroom, 2-bath home in a convenient Memphis location. This well-maintained property features luxury vinyl plank flooring throughout, fresh paint, a spacious living area, and a modern kitchen with new shaker cabinets. Enjoy a large yard perfect for outdoor activities. Amenities include central air, ceiling fans, climate control, heat, mirrors, vinyl

  James Wachob Foundation Property Management

  1039 Lagrange Ave, Memphis, TN 38107
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  /19

  $116,000

  • 2 Beds
  • 1 Bath
  • 790 Sq Ft

  2002 Cloverdale Dr, Memphis, TN 38114

  Wonderful Home for Sale: 2 Bedrooms, 1 Bathroom. This beautifully remodeled home features 2 spacious bedrooms and 1 bathroom. Recent upgrades include a remodeled roof, new fencing, renovated bathroom, and updated flooring. It also includes a spacious kitchen, creating a warm and inviting atmosphere. Additionally, the property offers a completely fenced garden.

  Itzel Sanchez Bustamante Keller Williams

  2002 Cloverdale Dr, Memphis, TN 38114
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  /33

  $199,000

  $10K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,352 Sq Ft

  506 Peabody Square Unit 506, Memphis, TN 38104

  Super nice corner townhome in highly sought-after Peabody Square! This inviting 2-bedroom, 1.5-bath unit features hardwood floors in the main living area and bright, light-filled rooms that create a warm and welcoming atmosphere. The functional layout includes a convenient laundry closet and a charming private patio—perfect for relaxing or grilling with friends. Upstairs you’ll find two

  Lynda Baddour Ware Jones, REALTORS

  506 Peabody Square Unit 506, Memphis, TN 38104
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  /13

  $169,000

  • 4 Beds
  • 2 Baths
  • 1,280 Sq Ft

  2554 Park Ave, Memphis, TN 38114

  Beautifully renovated 4-bedroom, 2-bathroom home offering modern updates and comfortable living. This home features a spacious front porch and a large patio, perfect for relaxing. The interior has been fully updated, providing a fresh and move-in-ready space for the new owner. This property is ideal for a first-time homebuyer looking for a turnkey home or an investor seeking a great rental

  Zahra Sultan eXp Realty, LLC

  2554 Park Ave, Memphis, TN 38114
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  /10

  $179,500

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,373 Sq Ft

  1824 Kendale Ave, Memphis, TN 38114

  Eligible for 100% financing! Welcome to this beautifully renovated home in one of Memphis’ most desired neighborhoods, near Central Gardens and Cooper Young! This move in ready gem features new floors, an updated kitchen with granite countertops, and fully renovated bathrooms. The home also offers a finished half basement, providing versatile bonus space perfect for a recreation room, office, or

  Hila Shimony Crye-Leike, Inc., REALTORS

  1824 Kendale Ave, Memphis, TN 38114
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  /12

  $129,900

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,187 Sq Ft

  919 Chesterton Dr, Memphis, TN 38127

  Turnkey investment opportunity with immediate cash flow! This tenant-occupied property generates $1,350/month, with a tenant in place since October 2025, providing stable income and reduced vacancy risk. Located in an unincorporated area with low county taxes, helping maximize investor returns. Ideal for both new and seasoned investors, with potential eligibility for various financing options,

  David Truong eXp Realty, LLC

  919 Chesterton Dr, Memphis, TN 38127
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  /38

  $109,900

  $38K PRICE DROP

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

  1563 Flamingo Rd, Memphis, TN 38117

  Welcome to this inviting 2-bedroom, 1-bath home that combines classic charm with everyday comfort. The layout flows easily from room to room, creating a warm and welcoming feel throughout. A spacious lot enhances the property’s appeal, while the covered porch adds to its timeless character. With its solid construction and cozy atmosphere, this home is ready for its next chapter.

  Alexis Martz Trelora Realty

  1563 Flamingo Rd, Memphis, TN 38117
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  /15

  $135,000

  • 1 Bath
  • 595 Sq Ft

  731 Litty Ct Unit 105, Memphis, TN 38103

  Charming fully furnished studio condo in the coveted South Bluffs community featuring stunning Mississippi River views. Bright open floor plan with large windows, updated finishes, and in-unit washer/dryer. Enjoy gated access, assigned covered parking, and a community pool. Ideally located steps from Tom Lee Park, Beale Street, and South Main Arts District. Perfect for downtown living, a second

  Lakesha Lilly Leatherwood The Home Partners Realty

  731 Litty Ct Unit 105, Memphis, TN 38103
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  /15

  $139,900

  $10K PRICE DROP

  • 1 Bath
  • 595 Sq Ft

  731 Litty Ct Unit 305, Memphis, TN 38103

  Top-floor river view condo sold fully furnished — turnkey and move-in ready. Furnished top-floor studio condo with river views in the desirable South Bluffs community of Downtown Memphis. Bright open layout with large windows, updated finishes, and in-unit washer and dryer. Enjoy gated access, assigned covered parking, and a community pool just steps from the Mississippi River, Tom Lee Park,

  Donnie Morrow eXp Realty, LLC

  731 Litty Ct Unit 305, Memphis, TN 38103
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  /25

  $174,900

  • 1 Bed
  • 1 Bath
  • 1,057 Sq Ft

  510 City House Ct Unit 205, Memphis, TN 38103

  Seller to contribute toward buyer's closing costs/prepaids. Downtown living in this South Bluff Condo-walkable to shops, restaurants of the trendy South Main. The lay out includes a true bedroom plus a flexile second space perfect for an office. Hardwood floors thru out main space, gas fireplace, built in book shelves, patio. Brand new updated bathroom. Gated & reserved parking, additional

  Dona Tippett Tippett & Associates Realty

  510 City House Ct Unit 205, Memphis, TN 38103
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  /31

  $109,900

  $40K PRICE DROP

  • 5 Beds
  • 1.5 Baths
  • 1,771 Sq Ft

  4314 Ford Rd, Memphis, TN 38109

  This 5-bedroom, 1.5-bath home features an eat-in kitchen and a bright living area. All rooms provide flexible layouts with ample natural light. The home includes a carport for covered parking and a large corner lot with space for landscaping or outdoor activities. Interiors have been updated, while the practical layout ensures functional flow throughout. Located near major roads and neighborhood

  Alexis Martz Trelora Realty

  4314 Ford Rd, Memphis, TN 38109
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  /20

  $179,900

  • 4 Beds
  • 2 Baths
  • 1,736 Sq Ft

  1380 Wilson St, Memphis, TN 38106

  Beautifully renovated brick home featuring 4 bedrooms, 2 fully renovated bathrooms, gorgeous hardwood floors, new windows and a stunning new kitchen designed for modern living. Enjoy sipping coffee on the front porch, the spacious backyard , detached garage, and all the charm this home has to offer. Perfect for growing family or investor looking for long or short term investment properties. Move

  Demetris Mays-Graham C21 Patterson & Assoc. Real Es

  1380 Wilson St, Memphis, TN 38106
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  /15

  $135,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,482 Sq Ft

  3726 Friar Tuck Rd, Memphis, TN 38111

  Welcome to this charming 3-bedroom, 1-bathroom craftsman home, located in the vibrant heart of the U of M district in Memphis, TN. This home boasts an updated kitchen complete with quartz countertops, a gas stove, and an eat-in area for your convenience. The bathroom has also been updated, ensuring modern comfort and style. The hardwood floors throughout the home add a touch of elegance and

  Palmer Gardner CrestCore Realty MphsBrokerage

  3726 Friar Tuck Rd, Memphis, TN 38111
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  /20

  $105,000

  $3K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,586 Sq Ft

  732 E Davant Ave, Memphis, TN 38106

  This spacious layout features 3 oversized bedrooms, a separate den used an oversized bedroom, formal dining, and a cozy living room with fireplace. Hardwood floors and an open kitchen offer charm with upside. New paint and new flooring throughout.

  Sabaria Dean Fast Track Realty, LLC

  732 E Davant Ave, Memphis, TN 38106
• 

  

  /23

  $194,500

  • 3 Beds
  • 2 Baths
  • 1,582 Sq Ft

  2460 Woodvale Dr, Memphis, TN 38127

  Lovely, updated, and move-in ready home on a spacious corner lot! Open concept living room, great room, and dining room with plenty of natural light. New paint and fixtures throughout. New luxury vinyl plank flooring throughout. Updated eat-in kitchen with cabinets for days. Remodeled bathrooms. Separate laundry room with washer/dryer included. Two-car carport with large storage room. Come have a

  Christian Townsend Renshaw Company, REALTORS

  2460 Woodvale Dr, Memphis, TN 38127
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  /13

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,196 Sq Ft

  1545 Oakwood St, Memphis, TN 38108

  Turnkey investment opportunity with immediate cash flow! This fully renovated 3-bedroom, 2-bath home is tenant occupied and currently generating $1,300 per month, offering strong returns from day one. With a list price of $115,00, and almost a 14% gross ROI, this is a great option for investors seeking solid ROI and positive cash flow. Renovated from the studs, updates include new electrical,

  Mark Wilson Coldwell Banker Collins-Maury

  1545 Oakwood St, Memphis, TN 38108
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  /19

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,028 Sq Ft

  1657 Duke St, Memphis, TN 38108

  Lovely and low maintenance meets affordability at 1657 Duke! This home has been successfully used as a short term rental for the past five years and can be sold furnished: a great opportunity for both first time homebuyers and investors. It has averaged approximately $2,200/month in rental income over the last 12 months. All appliances are included. Has a long lasting metal roof and lovely front

  Ashleigh Bettis Bluff City Realty Group, LLC

  1657 Duke St, Memphis, TN 38108
• 

  

  /13

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,274 Sq Ft

  3152 MacKham Ave, Memphis, TN 38118

  Charming 3-bedroom, 2-bathroom single-story brick home offering 1,274 sq ft of comfortable living space in Southeast Memphis. The inviting interior features a spacious, separate living room with wood-style laminate flooring and a neutral paint palette throughout. Enjoy a dedicated dining room and a functional kitchen equipped with standard washer/dryer connections. Relax on the covered front

  Tiffany Jones Trelora Realty

  3152 MacKham Ave, Memphis, TN 38118
• 

  

  /15

  $189,900

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

  1659 Jackson Ave, Memphis, TN 38107

  Cute Ranch home with hardwood flooring and tall ceilings large office up front could be fourth bedroom off family room 3 bedrooms and 2 full baths nice size kitchen Owner prefers as is sale will provide credit or install ac unit prior to closing

  Frank Pereira Jennae Realty, Inc.

  1659 Jackson Ave, Memphis, TN 38107
• 

  

  /27

  $135,000

  • 4 Beds
  • 1.5 Baths
  • 1,153 Sq Ft

  3733 Brompton Rd, Memphis, TN 38118

  INVESTERS ONLY!!! Tenant occupied 4 Bedroom 1.5 Bath home with covered parking currently rented at $1195/mo. Home has a large front porch, REHABBED in late 2025, huge primary bedroom with attached bathroom, and a large back yard (no neighbor behind). This could be a great addition to your rental portfolio. Professionally managed by Renshaw. No sign in the yard. Please do not disturb or approach

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3733 Brompton Rd, Memphis, TN 38118
• 

  

  /17

  $135,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,179 Sq Ft

  3589 Covington Pike Unit 513, Memphis, TN 38128

  Completely renovated and move-in ready! This spacious 2-bedroom condo at Luther Village Condos has been thoughtfully updated with new floors, fresh paint, and beautifully remodeled kitchen and bathrooms. The open, light-filled layout flows effortlessly to a west-facing balcony—perfect for relaxing evenings and enjoying breathtaking sunset views. Prime Memphis location close to everything.

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 513, Memphis, TN 38128

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