Memphis, TN Homes for Sale under $200,000

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  /24

  $114,900

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

  475 N Highland St Unit 10J, Memphis, TN 38122

  Brilliant 10th floor Northwest facing condo with balcony that overlooks both the condo's pool and Chickasaw Country Club. Balcony accessible from both the living room and the second bedroom. All new paint in this 2 bedroom, 2 bath unit on the 10th floor of the unique Fairway Towers. Complex includes a swimming pool, gym, and grilling areas around pool deck. Each unit has a storage closet in the

  Donnie Morrow eXp Realty, LLC

  475 N Highland St Unit 10J, Memphis, TN 38122
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  /7

  $100,000

  • Land
  • 0.71 Acre
  • $140,845 per Acre

  707 Craft Rd, Memphis, TN 38116

  Prime opportunity in Memphis! This .717-acre corner lot at 707 Craft Road offers excellent visibility and access—perfect for a variety of potential uses. Zoned for residential or possible commercial development (buyer to verify), this spacious parcel is ideal for a custom home, duplex, small business, or even a community-focused project like a daycare or place of worship. Located in an

  Romond McClinton Crye-Leike, Inc., REALTORS

  707 Craft Rd, Memphis, TN 38116
• 

  

  

  /4

  $105,000

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

  506 N 6th St, Memphis, TN 38105

  Vacant. Short walk from St.Jude and Downtown. 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

  506 N 6th St, Memphis, TN 38105
• 

  

  

  /11

  $179,900

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

  1589 E Mclemore Ave, Memphis, TN 38106

  ATTENTION INVESTORS! This Turnkey property has been fully renovated and is leased for $1495 through 8/5/2027. PROFESSIONAL PROPERTY MANAGEMENT IN PLACE. DO NOT APPROACH OR DISTURB THE TENANTS, NO SHOWINGS OF TENANT-OCCUPIED PROPERTIES WITHOUT AN ACCEPTED OFFER. Owner/Agent

  James Wachob Foundation Property Management

  1589 E Mclemore Ave, Memphis, TN 38106
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  /9

  $130,000

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

  1105 N Watkins St, Memphis, TN 38107

  4 beds/ 2 bath..Perfect for Investor...could be single residence and/or duplex...

  Mae Moore Grand Point Realty, LLC

  1105 N Watkins St, Memphis, TN 38107
• 

  

  /25

  $189,900

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

  362 Edith Ave, Memphis, TN 38126

  This fully renovated 4-bedroom, 2-bathroom home is a true gem in the up-and-coming Soulsville neighborhood. From brand new siding and fresh exterior paint to updated plumbing, electrical, and flooring, every detail has been thoughtfully upgraded. The remodeled kitchen features modern finishes while the luxury bathrooms offer high end tile and a walk in shower in the primary. With four new

  Tyler Bowman Weichert, REALTORS-BenchMark

  362 Edith Ave, Memphis, TN 38126
• 

  

  /11

  $135,000

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

  772 Pearce St, Memphis, TN 38107

  Property is leased—enjoy instant cash flow from day one! Fully rebuilt with only the original framing retained, this turnkey home features brand-new HVAC, water heater, plumbing, and electrical systems. The modern layout includes new drywall, vents, flooring, and a fully updated kitchen with new cabinets, sink, and fixtures. A brand-new laundry room is ready for appliances, and the bathroom

  James Wachob Foundation Property Management

  772 Pearce St, Memphis, TN 38107
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  /8

  $137,000

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

  3298 Spottswood Ave, Memphis, TN 38111

  This delightful, recently renovated 2-bedroom, 1-bathroom home features modern amenities and stylish finishes, making it ideal for comfortable living. Near the University of Memphis, offering convenience. New roof, updated kitchen/bathroom, and beautiful hardwood floors. Spacious backyard, ideal for gatherings. Prime location, this property is perfect for first-time buyers or investors seeking

  Crystal Mitchell Renshaw Company, REALTORS

  3298 Spottswood Ave, Memphis, TN 38111
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  /17

  $135,000

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

  3401 Bradcrest Dr, Memphis, TN 38128

  Investors only! Tenant occupied property available in Raleigh. Four bedroom one and a half bathroom home that would be a perfect addition to your rental portfolio. Home is professionally managed (lease, ledger, and repair history available upon request). Home was rehabbed in Spring 2025 and is in good shape! ONLINE VIDEO AVAILALBE UPON REQUEST. Home is currently rented at $1150. Property is

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3401 Bradcrest Dr, Memphis, TN 38128
• 

  

  /13

  $167,000

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

  899 Craft Rd, Memphis, TN 38116

  Don’t miss this rare opportunity to own a charming home for under $200k, situated on a generous 5.18 acres! Just half a mile from the renowned Graceland, this property is ideally located for those seeking both peace and convenience.

  Virgil Pryor Harris Realty Services

  899 Craft Rd, Memphis, TN 38116
• 

  

  /13

  $121,000

  • 5 Beds
  • 2.5 Baths
  • 2,200+ Sq Ft

  449 Fernwood Ave, Memphis, TN 38106

  INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No

  Tyler Tapley Crye-Leike, Inc., REALTORS

  449 Fernwood Ave, Memphis, TN 38106
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  /20

  $139,900

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

  5718 Quince Rd Unit 4, Memphis, TN 38119

  Well maintained 2br/1.5ba townhome offers approx 1100 sqft. of living space in the desirable Yorkshire Gardens community. The main level features wood flooring, while the kitchen is finished w tile and both bedrooms up are carpeted. The home includes a refrigerator, stove and washer/dryer-all in good working condition. A fully fenced private patio provides a great space for outdoor relaxation.

  Kim Rasche KAIZEN Realty, LLC

  5718 Quince Rd Unit 4, Memphis, TN 38119
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  /3

  $159,999

  • Land
  • 0.21 Acre
  • $761,900 per Acre

  883 S Barksdale St, Memphis, TN 38114

  Rare corner lot located in the heart of walkable Midtown. Filled with history and full of potential. Once home to a variety of beloved local businesses over the past century, this lot offers a unique opportunity to reimagine a vibrant space in one of the city's most dynamic neighborhoods

  Shelby Harris The Home Partners Realty

  883 S Barksdale St, Memphis, TN 38114
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  /5

  $159,000

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

  614 Estridge Cove, Memphis, TN 38122

  Great starter home or investment property in the heart of East Memphis. This charming 3br, 2ba home is currently rented (month to month). It is located on a quiet cove and has a new fence and front and back porch. There is a nice sized living room off the large kitchen. The Primary bedroom has its own spacious ensuite bathroom. There is a full second bathroom across from the second bedroom. There

  Cassandra Dimento John Green & Co., REALTORS

  614 Estridge Cove, Memphis, TN 38122
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  /26

  $135,000

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

  1960 N Parkway Unit 109, Memphis, TN 38112

  New Hardwood Floors, Bathroom Remodeled, Kitchen Remodeled, Half Bath Updated, Super High Ceilings in this First Floor Unit! Beautirul New Appliances and Cabinets in Super Great Kitchen!!!! All Window Treatments Were Custom Made! (Furniture Currently in the Unit May Be Available for Sale as Seller has Moved to Furnished Living Center).. Maint Fee includes Utilities, Building Insurance,

  Bill Malone Crye-Leike, Inc., REALTORS

  1960 N Parkway Unit 109, Memphis, TN 38112
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  /40

  $199,900

  • 2 Beds
  • 2.5 Baths
  • 1,275 Sq Ft

  1867 Jefferson Ave, Memphis, TN 38104

  Great Price on a Great Place! Don't miss this beautiful, recently renovated condominium offering 2 bedrooms, 2.5 bathrooms, plus recently added third-floor bonus room. Included in these renovations are updated kitchen and bathrooms, fresh paint throughout, wood LVP flooring downstairs with carpet up, and a versatile bonus room that can be an office, exercise room, playroom, etc. A perk of living

  Elizabeth Bran The Firm

  1867 Jefferson Ave, Memphis, TN 38104
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  /28

  $194,900

  • 1 Bed
  • 1 Bath
  • 1,000+ Sq Ft

  510 City House Ct Unit 205, Memphis, TN 38103

  Offering closing cost. Renovated\Modern Bath\Investment Opportunity\Don't miss this stunning 1bed with LARGE FLEX ROOM: steps from the river, restaurants & theaters! Enjoy peace of mind in this GATED controlled-access community ,reserved parking and elevator access to your unit. Step inside to a spacious open-concept living area with 10-ft smooth ceilings, hardwood floors, built-in bookshelves,

  Dona Tippett Tippett & Associates Realty

  510 City House Ct Unit 205, Memphis, TN 38103
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  /9

  $185,000

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

  3524 James Rd, Memphis, TN 38128

  Large 5 acre residential lot that can be converted to commercial use. Great investment opportunity for development.

  Michael Bryan Bryan Realty Group

  3524 James Rd, Memphis, TN 38128
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  /21

  $184,800

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

  113 Pettite Cove, Memphis, TN 38109

  Don’t miss this rare opportunity to own a truly move-in ready home. Schedule a tour today and see how this fresh renovation can be your next chapter in Memphis living! The list price is $184,849, contact me or have your agent contact me to see how a first time homebuyer can get into this home for $138,537. You must qualify . Seller will consider doing a one year lease.

  Charlene Bailey Exit Realty Blues City

  113 Pettite Cove, Memphis, TN 38109
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  /26

  $165,000

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

  475 N Highland St Unit 5B, Memphis, TN 38122

  REDUCED TO SELL!! Updated 3 bedroom/3 bath condo in desirable Fairway Towers. 24 hr Security, gorgeous lobby, meeting, exercise rooms & fabulous pool. End unit. Open floor plan. Bamboo floors. Granite, SS in kitchen. LED recessed lighting. New Pella doors w/ built-in blinds and windows. Customized walk-in closets. On demand hot water. 2 balconies. Surround sound throughout. Lighted built-ins in

  Hedda Schwartz KAIZEN Realty, LLC

  475 N Highland St Unit 5B, Memphis, TN 38122
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  /19

  $165,000

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

  2535 Yale Ave, Memphis, TN 38112

  ATTENTION!! Back on Market. Investor Buyer had difficulty getting his contruction financing in place. This is an opportunity to revitalize and make some $$. Much work has already been started. Finish to you specifications. Kitchen Cabinets installed, electrical & plumbing work was permitted & almost completed. Framing complete for BR & bath up. Two lots included in this sale. New windows

  Sue Stinson-Turner Crye-Leike, Inc., REALTORS

  2535 Yale Ave, Memphis, TN 38112
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  /33

  $179,900

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

  4325 Willow Park Cove, Memphis, TN 38141

  Price improvement! You won't want to miss this 3 bedroom, 2 bathroom ranch style home with an enclosed garage for extra living space, low maintenance LVP flooring, open floor plan, screened in porch and fenced yard! Call your favorite realtor and set up your showing today!

  Aaron Ivey eXp Realty

  4325 Willow Park Cove, Memphis, TN 38141
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  /7

  $107,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4857 Shayne Ln, Memphis, TN 38109

  Welcome to 4857 Shayne Ln, Memphis, Tennessee 38109! This versatile 3-bedroom, 1-bath home offers a great opportunity for both investors and homeowners. Featuring stylish LVP floors throughout, a spacious living area, and a modern kitchen with sleek white shaker cabinets, it’s a perfect blend of comfort and functionality. Central heating and air ensure year-round comfort, and the large fenced

  James Wachob Foundation Property Management

  4857 Shayne Ln, Memphis, TN 38109
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  /13

  $129,900

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

  1721 W Silver St, Memphis, TN 38106

  Fully renovated and completely turnkey, this rent-ready property features fresh exterior paint, siding and porch updates, new front porch posts, smart locks, a new entry door, updated lighting, a brand-new HVAC system with cage, rebuilt rear stairs, and cleared landscaping. Inside, enjoy modern hardwood flooring, full drywall repair, interior repaint, updated LED lighting, new kitchen cabinets,

  James Wachob Foundation Property Management

  1721 W Silver St, Memphis, TN 38106
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  /3

  $175,000

  • 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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  /11

  $130,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1502 Mary Jane Ave, Memphis, TN 38116

  Turnkey Rental | $1,080/mo | Lease in Place Until 5/2026 | Cap Rate ~7% | Priced to Sell. 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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  /20

  $185,000

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

  3313 Earl Dr, Memphis, TN 38128

  Great Investment Opportunity in Raleigh! This all-brick, 3-bedroom, 1.5-bath home is a fantastic investment opportunity in a prime location! Situated near shopping centers, grocery stores, and just minutes from Nike and the newly developed Amazon Warehouse—a major addition to the area—this property offers both convenience and potential. Inside, you'll find original hardwood floors in the living

  Lesia Harris REMAX Experts

  3313 Earl Dr, Memphis, TN 38128
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  /12

  $109,000

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

  879 Tully St, Memphis, TN 38107

  BACK ON MARKET!! HUGE REDUCTION!!! 3 bedroom 1 bath totally rehabbed less than 1 mile from St Jude's & uptown area. Wonderful Front Porch Plus Massive backyard~~ Updated kitchen with stainless appliances including Frig plus Updated Bath also~~ Lovely Floorplan~~ New Roof~~~Paint~~Flooring & water heater~~ Ready for you to move in! This property is now active in an online auction. The sale will be

  Scott Housewirth Crye-Leike Inc., REALTORS

  879 Tully St, Memphis, TN 38107
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  /7

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,798 Sq Ft

  2679 Woodlawn Terrace, Memphis, TN 38127

  Price correction! Awesome investment opportunity! This could be an excellent multifamily addition to your portfolio. Seller is open to seller finance with acceptable offer. Tenant occupied and professionally managed DUPLEX! Currently rented for $900/$550. Nice corner lot. Long time tenants. Do not approach or disturb tenants. No showings without an accepted offer. No wholesale or assignment.

  William Haynes Crye-Leike, Inc., REALTORS

  2679 Woodlawn Terrace, Memphis, TN 38127
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  /10

  $100,000

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

  2452 Pecan Cir, Memphis, TN 38114

  Newly Renovated 3 Bedroom 1 Bath home in Memphis, with bonus room. Updated kitchen with GRANITE countertops! This home will be great for a first time homebuyer or a savvy investor.

  DonAngela Johnson Crye-Leike, Inc., REALTORS

  2452 Pecan Cir, Memphis, TN 38114
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  /14

  $109,900

  • 3 Beds
  • 1 Bath
  • 800+ 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!!!

  Jimmie Hopson Crye-Leike, Inc., REALTORS

  4374 Ford Rd, Memphis, TN 38109
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  /16

  $135,000

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

  478 E Davant Ave, Memphis, TN 38106

  This home has been renovated and ready for a new owner. It has three bedrooms and one and a half bathrooms. Located on a corner lot.

  Esther Guy BenchMark REALTORS, LLC

  478 E Davant Ave, Memphis, TN 38106
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  /4

  $139,000

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

  1049 Hale Rd, Memphis, TN 38116

  Two properties for the price of one, both with tenants in place. NO assigning of contracts. Please contact listing agent with any questions. DO not disturb tenants.

  Ricky Cooper Realty Capital Management, LLC

  1049 Hale Rd, Memphis, TN 38116
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  /26

  $132,000

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  109 N Main St Unit 1207, Memphis, TN 38103

  Stunning 1bedrm with Breathtaking Views , features an array of top-tier amenities. Enjoy the luxury of an indoor stainless steel 24-hour heated pool & jacuzzi spa, fitness rooms (with an approved remodel underway), and the iconic Balinese Room, perfect for entertaining guests. Private rooftop offers spectacular views of the river and city skyline. The Claridge House is fob-only entry and

  Cali Neal KAIZEN Realty, LLC

  109 N Main St Unit 1207, Memphis, TN 38103
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  /12

  $129,900

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

  3191 Clarendon Rd, Memphis, TN 38118

  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 blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3191 Clarendon Rd, Memphis, TN 38118
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  /4

  $199,900

  • Land
  • 0.91 Acre
  • $219,670 per Acre

  7999 Club Center Dr, Memphis, TN 38016

  Prime Commercial Lot in High-Traffic Cordova Location! Excellent opportunity to own a high-visibility commercial lot in the heart of Cordova! This prime piece of real estate is perfectly situated across the street from a bustling retail shopping center, Cordova Skating Center, Cordova Bowling Center, and Raleigh Tire Auto Service—ensuring maximum exposure and foot traffic for your future

  Audrey Davis REMAX Experts

  7999 Club Center Dr, Memphis, TN 38016
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  /17

  $160,000

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

  873 N Mcneil St, Memphis, TN 38107

  Make an appointment today to check out this wonderful, charming home in the historic Vollintine Evergeen district! The home features central heat/air, a renovated bathroom and kitchen (appliances stay), and a large, open living room with a dining area. Other features include a spacious backyard, a screen-in front porch, wooden floors, smooth ceilings, and nice kitchen appliances. Lots of

  Graham Winchester Hobson, REALTORS

  873 N Mcneil St, Memphis, TN 38107
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  /12

  $105,000

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

  1753 Winston Dr, Memphis, TN 38127

  Great investment opportunity. Tenant occupied, cash flowing and professionally managed rental property available. Currently rented for $975/mo with a $1005 deposit on file. Lease expires 9/30/25. Do not approach or disturb tenant. No showings without an accepted offer. No wholesale, assignment, creative finance or seller finance. Seller also selling: 3110 Aden, 3243 13 Colony #2B, 2705 McMurray,

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1753 Winston Dr, Memphis, TN 38127
• 

  

  /25

  $199,900

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

  1820 W Holmes Rd, Memphis, TN 38109

  Don’t miss your opportunity to tour this beautifully updated 3-bedroom home. Step inside to find a spacious living room and cozy den, perfect for both everyday living and entertaining. The interior showcases a blend of gorgeous hardwood, tile, and terrazzo floors throughout, adding charm and character to every room. Outside, enjoy the privacy of a fully fenced backyard—ideal for relaxing evenings

  Maria Townsend Crye-Leike, Inc., REALTORS

  1820 W Holmes Rd, Memphis, TN 38109
• 

  

  /12

  $113,000

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

  1545 Oakwood St, Memphis, TN 38108

  Investors!! Looking for that perfect turnkey rental? Complete remodel down to the studs in 2018! New Roof and Windows, all new plumbing and electrical, new HVAC and water heater. All new flooring and brand new updated kitchen and baths. Currently rented for $1000 a month Section 8/MHA. Drive by only, do not disturb tenant. Perfect opportunity to add a turnkey, cash flowing property to your

  Mark Wilson Coldwell Banker Collins-Maury

  1545 Oakwood St, Memphis, TN 38108

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