Memphis, TN Homes for Sale under $200,000

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  /2

  $135,000

  • 7 Beds
  • 2 Baths
  • 2,521 Sq Ft

  1694 Walker Ave, Memphis, TN 38114

  Located just minutes from shopping, restaurants, and an entertainment district, this spacious home offers plenty of possibilities. Recent updates include a newer roof, updated windows and fully renovated kitchen and bathrooms. With a little finishing work, this property can easily be brought to its full potential. A great opportunity for anyone looking for space and convenience in a well-located

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 668-6470

  1694 Walker Ave, Memphis, TN 38114
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  /31

  $197,000

  • 2 Beds
  • 2 Baths
  • 1,213 Sq Ft

  620 Tennessee St Unit 102, Memphis, TN 38103

  Discover this charming ground-floor 2-bedroom, 2-bath condo, conveniently located near downtown Memphis. The unit boasts a spacious living area with hardwood floors, a cozy fireplace, and fresh paint throughout. It features high ceilings and has new carpet in the main bedroom for a move-in ready feel. The kitchen and bathrooms are appointed with tile flooring. The kitchen is fully equipped with

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 675-6566

  620 Tennessee St Unit 102, Memphis, TN 38103
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  /16

  $156,498

  • 2 Beds
  • 2 Baths
  • 1,386 Sq Ft

  4204 Hickory Grove Dr, Memphis, TN 38141

  An excellent opportunity for homeownership or expanding your investment portfolio! This well-maintained 2-bedroom, 2 full-bath end-unit townhome qualifies for 100% financing and down payment assistance programs (buyer to verify eligibility). Conveniently located near shopping, restaurants, and entertainment, this property offers versatility as a primary residence or investment. The main level

  

  Patricia Richmond-Young

  Coldwell Banker Collins-Maury

  (901) 668-8148

  4204 Hickory Grove Dr, Memphis, TN 38141
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  /16

  $114,901

  • 3 Beds
  • 1 Bath
  • 918 Sq Ft

  2877 Brewer Ave, Memphis, TN 38114

  Remodeled Memphis micro-mansion paying rent. Proof good things come in small, profitable packages. Special financing for first time investors available with 20% down, ask broker for details.

  

  Pablo Pereyra

  901, REALTORS

  (901) 673-5200

  2877 Brewer Ave, Memphis, TN 38114
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  /7

  $195,000

  • 4 Beds
  • 2 Baths
  • 1,804 Sq Ft

  1360 Chadwick Cir, Memphis, TN 38114

  Duplex with Excellent Cash Flow Near Cooper-Young, Seller Financing Available! Duplex located just south of the highly desirable Cooper-Young district, offering reliable income and long-term upside in one of Memphis most active rental markets. Both units are currently leased, generating a combined rent of $2,185 per month, delivering excellent cash flow from day one. (Seller pays utilities for

  

  Walter Jones

  BEST Real Estate Company

  (901) 657-3239

  1360 Chadwick Cir, Memphis, TN 38114
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  /9

  $149,000

  • 4 Beds
  • 1,512 Sq Ft

  279 W Person Ave, Memphis, TN 38109

  Triplex + Two Extra Lots – Seller Financing! Excellent income-producing property located in the heart of Memphis. This opportunity includes the main triplex plus two adjacent lots, offering additional value and long-term potential for development or expansion. Two units are currently rented for a combined $1,490 per month, and the third unit is being marketed for $695, bringing total potential

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6567

  279 W Person Ave, Memphis, TN 38109
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  /11

  $120,000

  • 3 Beds
  • 2 Baths
  • 1,706 Sq Ft

  3221 Melbourne St, Memphis, TN 38127

  This well-maintained 3 Bedrooms, 2 Bath beauty on a spacious corner and cove lot in Memphis, Tennessee, is move-in ready! Home features a Living Room and large 18x29' Den. Featuring a cozy layout, modern updates, and a convenient one-car carport, it’s perfect for families or first-time buyers. LOOK AT THIS PRICE! Don’t miss this incredible value in a prime location! Memphis, TN. Property located

  

  Heath West

  Crye-Leike, Inc., REALTORS

  (901) 425-0797

  3221 Melbourne St, Memphis, TN 38127
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  /13

  $125,000

  • 4 Beds
  • 2.5 Baths
  • 1,764 Sq Ft

  4177 Coventry Dr, Memphis, TN 38127

  This corner-lot home offers 4 bedrooms, 2.5 baths, and plenty of space to make your own. Enjoy new flooring throughout, fresh interior paint, updated faucets and toilets, and a 5-year-old roof. The 7-year-old HVAC system provides efficient central air and heat. The large, fenced backyard is perfect for entertaining, pets, or outdoor projects. Selling as-is, where-is. Ideal for an investor or

  

  Katrina Smith

  Keller Williams

  (901) 657-6768

  4177 Coventry Dr, Memphis, TN 38127
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  /13

  $150,000

  • 2 Beds
  • 1 Bath
  • 817 Sq Ft

  4161 Dunn Rd, Memphis, TN 38111

  Welcome to 4161 Dunn Road, a fully updated charmer that blends vintage character with modern comfort! Step inside to discover gleaming refinished hardwood floors, a wall-removed open-concept living area, and a fresh, light-filled flow that makes this home feel brand new! Highlights You’ll Love: NEW roof (2024) gives peace of mind for years to come - Open concept layout perfect for entertaining

  

  Kimmer Plunk

  Centric Realty LLC

  (901) 675-6156

  4161 Dunn Rd, Memphis, TN 38111
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  /9

  $117,000

  • 2 Beds
  • 2.5 Baths
  • 1,484 Sq Ft

  5865 Jardin Place, Memphis, TN 38141

  Charming 2BR/2.5BA townhome in a quiet Memphis neighborhood. Spacious living and dining areas with half bath on the main level. Both bedrooms offer private baths and ample closet space. Perfect for investors or first-time buyers looking for value. Low-maintenance yard, convenient location near schools, shopping, and major routes. Sold as-is—great opportunity to add your personal touch and build

  

  Michael Tally

  Tally Real Estate Group, LLC

  (901) 660-7466

  5865 Jardin Place, Memphis, TN 38141
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  /5

  $124,901

  • 3 Beds
  • 1 Bath
  • 1,100 Sq Ft

  706 Northaven Dr, Memphis, TN 38127

  Investor Special!!! No showings until accepted offer. Wonderful tenant occupied property that can be added to your rental portfolio! Currently rented at $1,150 with the lease ending in July. This charming 3-bedroom, 1-bathroom home was completely updated only a few years ago. With new tile in the kitchen and an updated bathroom, this property easily provides the ability to host and entertain.

  

  Dylan Johnson

  901, REALTORS

  (901) 627-1336

  706 Northaven Dr, Memphis, TN 38127
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  /8

  $115,000

  • 4 Beds
  • 1 Bath
  • 1,124 Sq Ft

  344 Dixie Rd, Memphis, TN 38109

  LARGE LOT WITH A STORAGE SHED, LARGE PATIO AND FOUR BEDROOMS. PRICED TO SELL. AC WILL BE INSTALLED AT CLOSING.

  

  Stephen Mansour

  KAIZEN Realty, LLC

  (901) 673-2612

  344 Dixie Rd, Memphis, TN 38109
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  /31

  $133,900

  • 2 Beds
  • 2 Baths
  • 959 Sq Ft

  232 S Highland St Unit 905, Memphis, TN 38111

  Immaculate and with top tier amenities! Fantastic location in a sought after building with a 24 hour security guard. A few upgrades include gorgeous plantation blinds, granite kitchen counters, premium soft close shaker style kitchen cabinets, new doors, new paint, a newly remodeled master bathroom and a walk in master bedroom closet. This low maintenance condo complex also offers a work out

  

  Kendra Bell

  Crye-Leike, Inc., REALTORS

  (901) 669-6429

  232 S Highland St Unit 905, Memphis, TN 38111
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  /16

  $104,500

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

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115

  Newly Renovated Condo located in East Memphis with 4 Bedrooms , 3 baths with an Office Space. Condo is Huge-almost 2000 sqft. This very Spacious Property is rented for $1650 a month , tenant is on a 1 year lease.*** Do Not Disturb Tenant *** Buyer may view property with a Seller Accepted Offer Only. Property was Purchased in a Tax Sale. Title Insurance is available with a Risk Endorsement Policy.

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 902-4249

  3340 Kirby Trees Place Unit 18, Memphis, TN 38115
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  /16

  $159,900

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

  4776 Audubon View Cir Unit 1, Memphis, TN 38117

  LOCATION! LOCATION! LOCATION!!! Two-bedroom, two-bath downstairs flat in desirable Audubon Square, a secure, amenity-filled community in East Memphis. Spacious living area with fireplace, original kitchen cabinetry, and functional baths ready for your updates and personal touch. Priced to sell, this unit offers excellent potential for the buyer seeking value in a prime location. Three swimming

  

  Margie Oneal

  REMAX Experts

  (901) 587-9417

  4776 Audubon View Cir Unit 1, Memphis, TN 38117
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  /14

  $169,000

  • 3 Beds
  • 2 Baths
  • 1,432 Sq Ft

  3553 Rhodes Ave, Memphis, TN 38111

  Pretty, French provisional style home. Totally remodeled inside with new lightning, cabinets and countertops. Living room and den open up to make your entertaining area huge. An additional 2 car detached carport with workshop. Perfect starter home. This one won't last long.

  

  William Mitchell

  Crye-Leike, Inc., REALTORS

  (901) 660-8453

  3553 Rhodes Ave, Memphis, TN 38111
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  /18

  $174,900

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

  4821 Blue Wing St, Memphis, TN 38141

  This move-in ready, renovated home features 3 bedrooms and 2 bathrooms, offering a comfortable living space. Enjoy fresh updates throughout, including the freshly painted interior and updated bathrooms. It has an abundance of windows which allow for lots of natural light for a bright and inviting atmosphere. It has brand-new carpeting in bedrooms and tile flooring in common areas. It features a

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 627-1370

  4821 Blue Wing St, Memphis, TN 38141
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  /15

  $129,000

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

  2196 Ketchum Rd, Memphis, TN 38114

  You'll the privacy on this one, no neighbors right on top of you. Easy access to I240. 4 bedroom/2 full baths. New paint, windows, refinished floors, new AC will be installed at closing. Nice size home and lot for the money, cheaper than rent. It was leased at $1700/mo but you can own is for much less. Call for details.

  

  Scott Carrier

  Keller Williams

  (901) 660-8718

  2196 Ketchum Rd, Memphis, TN 38114
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  /3

  $120,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4134 Leroy Ave, Memphis, TN 38108

  Great Investment Opportunity!!! Occupied by a Great Tenant. Pays $1,350/month. Lease Expires 9-30-25. 3Br's 1Ba w/metal roof. No Showings Prior to Contract!

  

  Juan Casem

  Crye-Leike Inc., REALTORS

  (901) 657-6543

  4134 Leroy Ave, Memphis, TN 38108
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  /9

  $150,000

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

  596 Burdette Ave, Memphis, TN 38127

  Discover this lovely 3-bedroom, 1.5-bathroom home located in a great neighborhood, featuring covered parking and a spacious corner lot. The home also boasts brand new windows, adding to its appeal and energy efficiency. This property qualifies for special financing options through the City of Memphis. Don’t miss your chance—schedule a showing today! This opportunity won’t last long

  

  Lakesha Lilly Leatherwood

  The Home Partners Realty

  (901) 673-2452

  596 Burdette Ave, Memphis, TN 38127
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  /14

  $185,000

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

  822 Eastern Dr, Memphis, TN 38122

  Well kept 3 bedroom, 1.5 bath in Kingbury area. Perfect home for small family who wants a large backyard for play in a quiet neighborhood. Home has a formal living room and a Great Room off of the kitchen. Lots of options.

  

  Daniel Johnson

  Keller Williams

  (901) 657-2536

  822 Eastern Dr, Memphis, TN 38122
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  /2

  $125,000

  • Land
  • 1.19 Acres
  • $105,042 per Acre

  3545 Ridgeway Rd, Memphis, TN 38115

  Commercial lot for sale! Don't miss this rare opportunity to own a highly visible commercial lot in a growing area. Zoned commercial, this level, cleared lot offers excellent frontage and easy access to major roads ideal for mixed-use development. Utilities all around the property. Surrounded by established businesses and new development, this location offers high traffic counts and strong

  

  William Maben- Memphis Commercial Lots

  Epique Realty

  (901) 554-4147

  3545 Ridgeway Rd, Memphis, TN 38115
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  /24

  $199,900

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

  4764 Eagle Crest Dr Unit 4002, Memphis, TN 38117

  "Welcome to your move-in ready, quiet two bedroom condo in a gated community! Nestled in a private area of the complex, this home offers a spacious den, separate dining room, airy kitchen, and updated baths. The generously-sized primary bedroom features two closets and a private balcony with a serene wooded view. Enjoy the low maintenance fees, community swimming pool, clubhouse, tennis court,

  

  Lakesha Lilly Leatherwood

  The Home Partners Realty

  (901) 499-3229

  4764 Eagle Crest Dr Unit 4002, Memphis, TN 38117
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  /28

  $110,000

  • 1 Bed
  • 1 Bath
  • 100+ Sq Ft

  109 N Main St Unit 1202, Memphis, TN 38103

  Spacious Studio with brick accent wall, river view, walk in closet and large kitchen. Ready to make it yours!

  

  Sherry Harbur

  Harbur Realty

  (901) 621-4791

  109 N Main St Unit 1202, Memphis, TN 38103
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  /3

  $150,000

  • Land

  8607 Geiberger Dr, Memphis, TN 38016

  *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

  

  Anna Thomas

  Keller Williams

  (901) 665-2185

  8607 Geiberger Dr, Memphis, TN 38016
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  /3

  $145,000

  • Land

  8599 Geiberger Dr, Memphis, TN 38016

  *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

  

  Anna Thomas

  Keller Williams

  (901) 675-7130

  8599 Geiberger Dr, Memphis, TN 38016
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  /21

  $175,000

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

  519 Dreger Ave, Memphis, TN 38109

  Updated & Move-In Ready! This charming Memphis home has just been freshened up with a modern, neutral look. The sellers have repainted the interior, replacing the former gray tones with a clean, crisp white that enhances the natural light and creates a bright, inviting atmosphere. The hardwood floors have been beautifully restored to their natural color and finished with a rich stain, giving the

  

  Samiha Alward

  Keller Williams

  (901) 883-7161

  519 Dreger Ave, Memphis, TN 38109
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  /19

  $125,000

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

  1100 Rozelle St, Memphis, TN 38106

  nvestor Alert! This fully renovated 3-bedroom, 1-bathroom home is the perfect addition to your portfolio. With all the heavy lifting already done, this property is ready to generate immediate cash flow or serve as a low-maintenance, long-term hold. Recent updates include brand-new flooring, fresh paint, modern fixtures, a completely updated kitchen with new appliances, and a fully remodeled

  

  Caleb Hall

  Keller Williams

  (901) 445-8139

  1100 Rozelle St, Memphis, TN 38106
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  /19

  $162,000

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

  2904 Barron Ave, Memphis, TN 38114

  This Gorgeous 3-Bed, 2-Bath Home! Fully renovated and updated—because you deserve a home that doesn’t need your DIY skills. No weird fixer-upper surprises here! A kitchen so nice, even takeout will feel guilty for showing up Two bathrooms—because sharing one should be left in the past, like dial-up internet. Cute patio out back—perfect for coffee, cocktails, or pretending to garden. This home

  

  Vivian Denogean

  Fast Track Realty, LLC

  (901) 660-7511

  2904 Barron Ave, Memphis, TN 38114
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  /6

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  566 Sandridge St, Memphis, TN 38122

  Calling All Investors: 3 BR/2 Bath Located in the Berclair Neighborhood. Currently renter for $1,300 a month. Tenant lease ends in November 2025. Do not disturb tenant. Property is in excellent condition and being sold as-is. Property only shown for inspection with acceptable offer and contract. Must show proof of fund with offer. Don't miss this Gem. Earnest money held by Baymark Title.

  

  Jo Mathes

  Pinnacle Realty

  (901) 675-6709

  566 Sandridge St, Memphis, TN 38122
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  /2

  $140,000

  • Land
  • 0.14 Acre
  • $1,000,000 per Acre

  5045 Henry Heights Dr, Memphis, TN 38117

  Build your dream home on Lot 8 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.14 acre, you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something different? Bring your own

  

  Julie Upchurch

  McWaters & Associates

  (901) 657-4352

  5045 Henry Heights Dr, Memphis, TN 38117
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  /2

  $155,000

  • Land
  • 0.16 Acre
  • $968,750 per Acre

  507 Henry Heights Dr, Memphis, TN 38117

  Build your dream home on Lot 17 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.16 acre (one of the largest lots), you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something

  

  Julie Upchurch

  McWaters & Associates

  (901) 673-5774

  507 Henry Heights Dr, Memphis, TN 38117
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  /2

  $145,000

  • 8 Beds
  • 4 Baths
  • 2,784 Sq Ft

  1218 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection day Nov. 1, 2025, 10am-11:30 am. All offers must include proof of funds. This unit can be sold individually or as a package with 1239 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 563-5042

  1218 Ethel St, Memphis, TN 38114
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  /2

  $145,000

  • 6 Beds
  • 4 Baths
  • 2,833 Sq Ft

  1239 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection Day Nov. 1, 2025 10-11:30 am. All offers must include proof of funds. This unit can be sold individually or as a package with 1240 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 676-7313

  1239 Ethel St, Memphis, TN 38114
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  /2

  $145,000

  • 8 Beds
  • 4 Baths
  • 2,784 Sq Ft

  1240 Ethel St, Memphis, TN 38114

  Great investment opportunity! Each unit offers 3 bedrooms and 2 bathrooms. Some repairs are needed to bring these spacious units to their full potential, making them ideal for any investor portfolio. Inspection day Nov 1, 2025 10-11:30 am This unit can be sold individually or as a package with 1239 Ethel and 1218 Ethel.

  

  Rasheedah Jones

  Dreamteam Realty Co

  (901) 665-7724

  1240 Ethel St, Memphis, TN 38114
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  /2

  $120,000

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

  3915 Bayliss Ave, Memphis, TN 38122

  Great Investment Opportunity!!! Occupied by a Great Tenant. Pays $750/month. No Showings Prior to Contract!

  

  Juan Casem

  Crye-Leike Inc., REALTORS

  (901) 883-6034

  3915 Bayliss Ave, Memphis, TN 38122
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  /2

  $119,900

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

  222 Delta Rd, Memphis, TN 38109

  Great Turnkey Investment Opportunity exceeding the 1% rule in the Acklena Land Company Block! Drive by ONLY! Tenant occupied. DO NOT DISTURB THE TENANT! Leased at $1,380/month until October 2026. Cash tenant. Make offers contingent on inspection. Copy of the lease available upon request. Fully Renovated in 2023, Ask your agent to see prior MLS listing ID's for inside pics.

  

  Jordan Ray

  eXp Realty, LLC

  (901) 676-9141

  222 Delta Rd, Memphis, TN 38109
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  /2

  $109,000

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

  851 Floyd Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $850/mo. Professionally managed. Lease expires on 12/31/25

  

  Caleb Hall

  Keller Williams

  (901) 668-6238

  851 Floyd Ave, Memphis, TN 38127
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  /2

  $123,000

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

  854 Carrolton Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $800/mo. Professionally managed. Lease expires on 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 673-2982

  854 Carrolton Ave, Memphis, TN 38127
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  /2

  $106,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  894 Par Ave, Memphis, TN 38127

  Part of a 49 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 8/31/25

  

  Caleb Hall

  Keller Williams

  (901) 660-9748

  894 Par Ave, Memphis, TN 38127

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