Memphis, TN Homes for Sale under $200,000

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  /9

  $75,000

  $5K PRICE DROP

  • Land
  • 3.9 Acres
  • $19,231 per Acre

  0 W Shelby Dr, Memphis, TN 38109

  Prime opportunity to acquire approximately 3.9 acres of commercially zoned mixed-use land in Southwest Memphis! Located on West Shelby Drive with approximately 270 feet of road frontage, this property offers excellent visibility and accessibility for a variety of development opportunities. Positioned near the intersection of Shelby Drive and Weaver Road and directly across from Dalstrom Park,

  April Davis KAIZEN Realty, LLC

  0 W Shelby Dr, Memphis, TN 38109
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  /37

  $200,000

  $15K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,675 Sq Ft

  863 S Yates Rd Unit 3, Memphis, TN 38120

  Location, location, location! This beautifully updated & freshly painted condo in desirable Yates Village offers convenience to everything—shopping, restaurants, and the interstate—making it easy to get anywhere in minutes. The renovated island kitchen features granite countertops, oven, microwave, refrigerator, and opens to living spaces with hardwood floors throughout and smooth ceilings. The

  Allyson Avera Crye-Leike, Inc., REALTORS

  863 S Yates Rd Unit 3, Memphis, TN 38120
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  /15

  $79,900

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4282 Westmont Rd, Memphis, TN 38109

  This well maintained home is perfect for starters. Hardwood floors in hall and bedrooms, beautiful title in kitchen, carpet in Livingroom. C/A and heat, fenced in back yard, washer & Dryer connections. This home is move in ready.

  Joe Payne The Peyton Co., Inc., REALTORS

  4282 Westmont Rd, Memphis, TN 38109
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  /2

  $90,000

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  2190 Gayle Ave, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $995 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  2190 Gayle Ave, Memphis, TN 38127
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  /20

  $193,000

  • 3 Beds
  • 1 Bath
  • 1,189 Sq Ft

  706 N Perkins Rd, Memphis, TN 38122

  Charming brick home offering incredible versatility and a dream setup for hobbies, creative projects, or extra storage! Highlighted by a massive detached garage workshop complete with power and an attached side carport, perfect for a boat, trailer, or vehicle storage. Inside, enjoy character-filled living spaces with rich hardwood floors, a dedicated dining area, and an updated full bath with

  James Laguerre Keller Williams

  706 N Perkins Rd, Memphis, TN 38122
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  /16

  $115,000

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,016 Sq Ft

  2380 Hillside Ave, Memphis, TN 38127

  Great brick home with a fully fenced large yard, features a 2-car carport with a spacious storage room. Acclaim double hung windows installed in 2025 in bedrooms, half bath and living room, aluminum storm door installed in 2023, and beautiful hardwood floors throughout living room, hallway and primary bedroom and 2nd bedroom. Roof is 6 years old. Refrigerator and stove to remain AS-IS (working

  Ana Ortiz Perales REMAX Experts

  2380 Hillside Ave, Memphis, TN 38127
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  /2

  $17,000

  • Land
  • 5,662 Sq Ft
  • $130,769 per Acre

  1141 Breedlove St, Memphis, TN 38107

  Great Investment opportunity!! Jump in on the ground floor of the huge development project slated for Klondike. Northside High School is being transformed by a 78 million redevelopment into a community hub, very similar to Crosstown's revival.

  Michelle Koeppen Ware Jones, REALTORS

  1141 Breedlove St, Memphis, TN 38107
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  /9

  $65,000

  • 2 Beds
  • 1 Bath
  • 840 Sq Ft

  1616 Harmen St, Memphis, TN 38108

  Attention Investors and Rehabbers! Opportunity awaits at 1616 Harmen St. This property needs substantial renovation but offers strong upside potential for those looking to add value. Conveniently located near major transportation routes, including I-40, this home could be an excellent addition to an investment portfolio, rental inventory, or fix-and-flip project. Sold as-is. Cash or renovation

  Silvana Piadade eXp Realty, LLC

  1616 Harmen St, Memphis, TN 38108
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  /3

  $49,900

  • 2 Beds
  • 2 Baths
  • 955 Sq Ft

  2789 Sonora Dr Unit 1, Memphis, TN 38115

  Turnkey investment opportunity! This tenant-occupied 2-bedroom, 2-bath condo is generating $850 per month in rental income and is ideal for investors looking to add to their portfolio. Located in The Hamlets community, this one-level condo offers approximately 960 square feet, a functional floor plan and patio. The HOA covers exterior maintenance, helping reduce ownership responsibilities.

  Tanika Bland BEST Real Estate Company

  2789 Sonora Dr Unit 1, Memphis, TN 38115
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  /18

  $89,500

  • 3 Beds
  • 1 Bath
  • 1,626 Sq Ft

  1371 S Parkway E, Memphis, TN 38106

  Come check out this 3 bed, 1 bath home featuring original hardwood floors and a roof in good condition. The property needs a little TLC, including some structural work, and is priced accordingly for the right buyer or investor.

  Antonio Walton The Home Partners Realty

  1371 S Parkway E, Memphis, TN 38106
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  /2

  $85,000

  • 3 Beds
  • 2 Baths
  • 1,409 Sq Ft

  3592 N Trezevant St, Memphis, TN 38127

  Showings will be permitted only after an accepted offer, do not disturb tenants. The property currently rents for $755 per month. This asset can also be purchased as part of a larger investment package totaling $3,766,500, providing an exceptional opportunity for buyers seeking a strong portfolio addition.

  Fred Sengstacke KAIZEN Realty, LLC

  3592 N Trezevant St, Memphis, TN 38127
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  /12

  $116,000

  $9K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  5001 Frankie Ln, Memphis, TN 38109

  An excellent investment property opportunity or a buyer's perfect fixer upper. A split bedroom floorplan, with 2 bedrooms down and 2 bedrooms upstairs. Seller has done a minor refresh with new interior paint and new laminate flooring. Five minutes from the interstate and local shopping. A block away from the Links at Whitehaven Golf and Country Club.

  Linitra Washington KAIZEN Realty, LLC

  5001 Frankie Ln, Memphis, TN 38109
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  /18

  $99,000

  $31K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,218 Sq Ft

  855 Hilton St, Memphis, TN 38114

  Price Improvement! Home is vacant and easy to show! Investors, this is a great addition to your portfolio! Remodeled 4 bedroom, 1 bathroom home previously rented (2025-2026) through Section 8 for $1250. New furnace (2022), new AC condenser (2022), new roof (2022), water heater (2022), and gas stove replaced in 2024.

  Aaron Ivey eXp Realty

  855 Hilton St, Memphis, TN 38114
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  /2

  $171,000

  • Land
  • 17,859 Sq Ft
  • $417,073 per Acre

  32 Timber Creek Dr, Memphis, TN 38018

  Vacant lot to build retail, office Building.

  Nataraja Krishnaraju Crye-Leike, Inc., REALTORS

  32 Timber Creek Dr, Memphis, TN 38018
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  /10

  $91,400

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,162 Sq Ft

  3246 Chisca Ave, Memphis, TN 38111

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38111 area. Cash flowing with a monthly rental amount of $1,040/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3246 Chisca Ave, Memphis, TN 38111
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  /4

  $13,499

  $12K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $79,406 per Acre

  538 King Rd, Memphis, TN 38109

  A great lot in an up and coming area! Foundation from old building still on lot for easy building! Drive out anytime!

  Amy Patterson Crye-Leike, Inc., REALTORS

  538 King Rd, Memphis, TN 38109
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  /5

  $55,000

  • 3 Beds
  • 1 Bath
  • 946 Sq Ft

  2323 Shasta Ave, Memphis, TN 38108

  This 3bed 1bath home needs repairs, but is priced accordingly. Home has a big front porch, and durable laminate flooring. The roof looks like it was recently replaced. Home was substantially upgraded a few years ago, but now needs repairs, ONLINE VIDEO AVAILABLE UPON REQUEST. It could be worth a lot of money once rehabbed. Home next door was recently rehabbed, home across the street is in the

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2323 Shasta Ave, Memphis, TN 38108
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  /14

  $79,900

  • 2 Beds
  • 1 Bath
  • 899 Sq Ft

  2229 Zanone Ave, Memphis, TN 38114

  Great opportunity at 2229 Zanone Ave! This renovated 2 bedroom, 1 bath home offers a great combination of comfort, convenience, and investment potential. With updates throughout and a functional layout, the property is move in ready and waiting for its next owner. Whether you're a first-time homebuyer searching for an affordable place to call home or an investor looking to grow your rental

  Jonathan Nunez Fast Track Realty, LLC

  2229 Zanone Ave, Memphis, TN 38114
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  /7

  $135,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,108 Sq Ft

  3755 Fairmont Ave, Memphis, TN 38122

  Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to

  Stephen Akindona Kairos Realty

  3755 Fairmont Ave, Memphis, TN 38122
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  /8

  $20,000

  • Land
  • 15,681 Sq Ft
  • $55,556 per Acre

  0 Oaks Royal Dr, Memphis, TN 38128

  Back on the Market! Ridgemont Trails Subdivision - one corner lot left on this subdivision 0.36 ac, irregular shape, ready for your next project. Phase I was built in 2006 through 2023. Home values in this subdivision fluctuate from $195K to $260K. Utilities ready.

  Silvana Piadade eXp Realty, LLC

  0 Oaks Royal Dr, Memphis, TN 38128
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  /8

  $110,900

  • 3 Beds
  • 2 Baths
  • 1,146 Sq Ft

  4511 Sumners Wells Rd, Memphis, TN 38118

  Fred Sengstacke KAIZEN Realty, LLC

  4511 Sumners Wells Rd, Memphis, TN 38118
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  /3

  $5,000

  $1K PRICE DROP

  • Land
  • 4,356 Sq Ft
  • $50,000 per Acre

  118 Dover Ave, Memphis, TN 38106

  Vacant level lot for sale, utilities available. Seller offering owner finance at $1,000 down and starting at $269 a month. Individually sold but part of package of lots. Previously bought in tax sale. buyer responsible for endorsement fee

  Virgil Pryor Harris Realty Services

  118 Dover Ave, Memphis, TN 38106
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  /25

  $165,000

  • 2 Beds
  • 2 Baths
  • 1,203 Sq Ft

  6812 Meadow Chase Ln, Memphis, TN 38115

  Welcome to comfort and convenience! End the summer in your cozy 2bed/2bath home. This is the perfect opportunity for first-time homebuyers and turnkey investors. This home is move-in ready. This abode has only had 1 owner and has never been rented. Appliances can stay with an accepted offer. This gem is great if you are looking to downsize to a manageable, yet spacious home. Best of all! No HOA

  Aubrey Dunlap Infinity Group REALTORS, Inc.

  6812 Meadow Chase Ln, Memphis, TN 38115
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  /2

  $4,000

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

  258 Gaston Ave, Memphis, TN 38106

  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 inareas experiencing continuedrevitalization and strong rental demand. Portfolio includes the following properties:

  Austin Rowe Onward Real Estate

  258 Gaston Ave, Memphis, TN 38106
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  /4

  $7,000

  $1K PRICE DROP

  • Land
  • 26,136 Sq Ft
  • $11,667 per Acre

  0 Niese St, Memphis, TN 38106

  **NEW PRICE**Over half an acre lot with all the utilities situated behind the Original Colletta's Italian Restaurant in a residential area. Seller will consider Owner Financing. No appointment needed, can view at any time.

  Sonja Tulacz Crye-Leike, Inc., REALTORS

  0 Niese St, Memphis, TN 38106
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  /22

  $194,000

  • 3 Beds
  • 2 Baths
  • 1,659 Sq Ft

  4493 Quince Rd, Memphis, TN 38117

  Don’t miss this beautifully updated 3-bedroom, 2-bath home that combines comfort, style, and convenience. The modern kitchen boasts stainless steel appliances, solid surface countertops, and abundant cabinet space—ideal for cooking, entertaining, or everyday living. Enjoy the spacious open-concept layout, where the kitchen, dining area, and living room flow seamlessly together, creating a warm

  Kelvin Hendrix Brandywine Homes USA, LLC

  4493 Quince Rd, Memphis, TN 38117
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  /12

  $129,900

  • 4 Beds
  • 2 Baths
  • 1,508 Sq Ft

  1351 Austin St, Memphis, TN 38108

  Do Not Disturb Tenants. Duplex for sale in Hyde Park. Recently renovated. All documents available.

  Zach Thomas Sell901 Real Estate

  1351 Austin St, Memphis, TN 38108
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  /35

  $99,900

  $30K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,199 Sq Ft

  670 Whiterock Ave, Memphis, TN 38109

  Welcome to 670 Whiterock Ave! This charming 4-bedroom, 1.5-bathroom home offers modern comfort in a well-established Memphis community. Built in 1971, this property stands out as a newer infill home, featuring a low-maintenance brick veneer exterior and a spacious 0.24-acre lot. Inside, you’ll find a functional 1,200 sq. ft. layout designed for efficiency and style. The large backyard provides

  Thee Gaines Trelora Realty

  670 Whiterock Ave, Memphis, TN 38109
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  /3

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,837 Sq Ft

  5181 Valdaz Rd, Memphis, TX 38109

  House backs up on Coro Lake. Nice House with a little TLC could be amazing

  Kristie Norfleet BenchMark REALTORS, LLC

  5181 Valdaz Rd, Memphis, TX 38109
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  /3

  $60,000

  • 2 Beds
  • 1 Bath
  • 815 Sq Ft

  777 Carson St, Memphis, TN 38111

  Being sold "As Is".

  Myles Wilson Keller Williams

  777 Carson St, Memphis, TN 38111
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  /9

  $75,000

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,900 Sq Ft

  3485 Felton Rd, Memphis, TN 38128

  ATTEMPTED NEW CONSTRUCTION FROM 2022. Property is vacant. Unfinished new construction. The slab, frame and studs was complete. NO PLUMBING, NO ELECTRICAL OR WIRING HAS BEEN DONE. No floor plans are available.

  Sonja Hester Progressive Realty Services

  3485 Felton Rd, Memphis, TN 38128
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  /2

  $10,000

  • Land
  • 4,791 Sq Ft
  • $90,909 per Acre

  1191 Wellington St, Memphis, TN 38106

  The neighborhood is characterized by quiet streets, mature trees, and a welcoming community, making it an excellent choice for both investment and personal use. This package deal includes lots 1187 S. Wellington and 443 Simpson. The lots combine over 9,000 sq.ft. of space. This deal won't last long. Bring your best offer.

  Stephanie Moss BEST Real Estate Company

  1191 Wellington St, Memphis, TN 38106
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  /2

  $127,000

  $8K PRICE DROP

  • 5 Beds
  • 2 Baths
  • 1,877 Sq Ft

  1522 Frayser Blvd, Memphis, TN 38127

  Great opportunity. Large Frayser available with some recent repairs and a good looking roof. Five bedroom, two bathroom brick property with central heat and air and extra large parking pad. Conveniently located near schools, parks and Ed Rice Community Center. Could be a great opportunity for an investor or savvy owner occupant. Property needs some light repairs but is in good general condition.

  William Haynes Crye-Leike, Inc., REALTORS

  1522 Frayser Blvd, Memphis, TN 38127
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  /9

  $75,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 797 Sq Ft

  1509 Fairfax St, Memphis, TN 38108

  Freshly painted and nicely rehabbed starter home or investment property. Move-in ready & easy to show.

  Jessie Lucas Niter & Associates

  1509 Fairfax St, Memphis, TN 38108
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  /22

  $145,000

  $9K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,349 Sq Ft

  4445 Don St, Memphis, TN 38109

  Step into this beautifully refreshed 3-bedroom, 2-bath home in the heart of Memphis! Featuring new carpet, fresh paint, and an inviting updated screened in patio perfect for relaxing or entertaining, this home is move-in ready and full of charm. Enjoy a spacious layout with comfortable living areas and a backyard ideal for gatherings. Whether you’re a first-time buyer or looking to upgrade, this

  Tia Jennings Keller Williams

  4445 Don St, Memphis, TN 38109
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  /10

  $93,000

  • 3 Beds
  • 1 Bath
  • 890 Sq Ft

  2536 Sunny Hill Dr, 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 $895/ month in rental income, with the current lease running through 05/17/2027. 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

  2536 Sunny Hill Dr, Memphis, TN 38127
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  /21

  $85,000

  • 3 Beds
  • 2.5 Baths
  • 1,398 Sq Ft

  1776 First Green Dr Unit 21, Memphis, TN 38116

  Spacious Move-In Ready Condo! Ideal as a starter home or investment property, this newly refurbished condo offers plenty of living space and is vacant and ready for immediate occupancy. Features include a large den with fireplace, kitchen with eat-in bar, 3 bedrooms, and 2.5 bathrooms. Laminate flooring runs throughout the home, with tile flooring in the kitchen and bathrooms. HVAC replaced in

  Jeremy Veldman KAIZEN Realty, LLC

  1776 First Green Dr Unit 21, Memphis, TN 38116
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  /30

  $94,900

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 953 Sq Ft

  3994 Leech Rd, Memphis, TN 38109

  Charming 3-bedroom, 1-bath home offering 953 square feet of living space on a spacious 0.26-acre lot. This single-story residence features a functional floor plan with a comfortable living area, eat-in kitchen, and covered carport parking. Built in 1960, the property provides a great opportunity for first-time homebuyers, investors, or those looking to add their personal touch. Conveniently

  Carl Purifoy Trelora Realty

  3994 Leech Rd, Memphis, TN 38109
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  /9

  $109,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 956 Sq Ft

  4006 Newton Dr, Memphis, TN 38109

  Price Improvement! Cash flowing property to add to their portfolio! Home is currently rented and being professionally managed. Lease ends in September 2026. Current rent is $1015 a month. Home was updated in 2025! Call listing agent for details. Access upon accepted offer. Do not Disturb tenants!

  Andrew Akins CB Properties of Memphis, LLC

  4006 Newton Dr, Memphis, TN 38109
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  /7

  $6,000

  • Land
  • 4,356 Sq Ft
  • $60,000 per Acre

  200 W Davant Ave, Memphis, TN 38109

  Vacant lot, perfect for development, flat and ready to build on. Utilities available at the street

  Laszlo Nguyen Heckler eXp Realty, LLC

  200 W Davant Ave, Memphis, TN 38109

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