Memphis, TN Homes for Sale under $200,000

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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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  /20

  $103,000

  • 2 Beds
  • 1.5 Baths
  • 1,044 Sq Ft

  2344 N Orchid Dr Unit 33, Memphis, TN 38114

  This well maintained 2 bed, 1.5 bath condo in Orchid Manor was completely renovated and updated in 2022. With all of the upgrades done, it will be an awesome investment property for the new owner or fantastic owner occupant property. It has new bathrooms, an updated kitchen with appliances, low maintenance vinyl plank flooring in the the living area and kitchen, with carpet in the bedrooms. The

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 621-5079

  2344 N Orchid Dr Unit 33, Memphis, TN 38114
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  /11

  $120,000

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

  3221 Melbourne St, Memphis, TN 38127

  Move-in Ready & Priced to Sell! This well-maintained 3BR/2BA home sits on a spacious corner cove lot and offers a fantastic blend of comfort, space, and value. Inside, enjoy a bright living room plus a huge 18x29' den, perfect for gatherings, a playroom, or a second living space. The cozy layout and modern updates make this home ideal for families and first-time buyers alike. A convenient one-car

  

  Heath West

  Crye-Leike, Inc., REALTORS

  (901) 425-0797

  3221 Melbourne St, Memphis, TN 38127
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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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  /17

  $125,000

  • 3 Beds
  • 1 Bath
  • 975 Sq Ft

  3284 Parham St, Memphis, TN 38127

  Welcome home! This awesome Move-in ready property would be great for owner occupants and investors alike. This 3 bed, 1 bath home features fresh paint, beautiful hardwood floors, and updated bathroom and kitchen! The two-car garage is huge and has an additional workshop/storage space. Schedule your viewing today before this one is gone!

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 675-5689

  3284 Parham St, Memphis, TN 38127
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  /2

  $120,500

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4511 Beacon Hill Dr, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 675-6020

  4511 Beacon Hill Dr, Memphis, TN 38127
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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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  /12

  $125,900

  • 3 Beds
  • 1 Bath
  • 1,063 Sq Ft

  3914 Schoolfield Rd, Memphis, TN 38127

  Completely Renovated & Move-In Ready! Step into modern comfort in this beautifully renovated 3-bedroom, 1-bath home featuring laminate wood flooring throughout and a fully updated kitchen and bath. The kitchen comes equipped with appliances, perfect for first-time buyers or those seeking turnkey convenience. Enjoy peace of mind with brand-new HVAC, roof, plumbing, and electrical...everything has

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 716-8055

  3914 Schoolfield Rd, Memphis, TN 38127
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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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  /9

  $144,000

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

  1276 Carr Ave, Memphis, TN 38104

  Charming Historic District Opportunity! This spacious 5-bedroom, 1.5-bath home offers timeless character and classic architecture in one of Memphis’ sought-after historic neighborhoods. Featuring generous room sizes, original details, and a functional layout, this property is brimming with potential. While it does need some TLC, it’s a fantastic opportunity for those looking to restore and

  

  Michael Tally

  Tally Real Estate Group, LLC

  (901) 660-3757

  1276 Carr Ave, Memphis, TN 38104
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  /2

  $130,500

  • 4 Beds
  • 1 Bath
  • 858 Sq Ft

  4498 Beacon Hill Cove, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 883-7574

  4498 Beacon Hill Cove, Memphis, TN 38127
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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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  /15

  $120,750

  • 4 Beds
  • 1 Bath
  • 1,399 Sq Ft

  778 N Merton St, Memphis, TN 38112

  778 N Merton Memphis, TN 38112 $120,750 Excellent cash-flowing investment opportunity in Memphis! This 4 bedroom, 1 bathroom property is tenant-occupied and currently renting for $1,175 per month, providing immediate rental income from day one. The home offers a spacious floor plan with strong rental demand, making it a solid addition to any buy-and-hold portfolio. Also, this home offers a

  

  Austin Hall

  Evernest Too, LLC

  (901) 665-3104

  778 N Merton St, Memphis, TN 38112
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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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  /2

  $103,750

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

  1030 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 $950/mo. Professionally managed. Lease expires on 1/30/26

  

  Caleb Hall

  Keller Williams

  (901) 669-4348

  1030 Floyd Ave, Memphis, TN 38127
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  /2

  $109,500

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

  803 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 $1,100/mo. Professionally managed. Lease expires on 3/30/26

  

  Caleb Hall

  Keller Williams

  (901) 668-6064

  803 Par Ave, Memphis, TN 38127
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  /2

  $129,000

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

  823 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 $1,100/mo. Professionally managed. Lease expires on 3/18/26.

  

  Caleb Hall

  Keller Williams

  (901) 621-8434

  823 Par Ave, Memphis, TN 38127
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  /20

  $195,000

  • 3 Beds
  • 2 Baths
  • 1,390 Sq Ft

  6730 Birch Run Ln, Memphis, TN 38115

  Charming home offering 3 bedrooms, 2 baths, and a warm, inviting feel throughout. Enjoy a spacious living room with a cozy fireplace, tile flooring, and a separate dining area perfect for family gatherings. The primary suite features a double vanity, and the fenced backyard with a 2-car carport provides great outdoor space. Convenient location close to schools, shopping, and restaurants!

  

  Blake Clothier

  Premier Realty Group, LLC

  (901) 716-9257

  6730 Birch Run Ln, Memphis, TN 38115
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  /15

  $140,000

  • 3 Beds
  • 1.5 Baths
  • 1,174 Sq Ft

  3492 Neely Rd, Memphis, TN 38109

  

  Jo Mathes

  Pinnacle Realty

  (901) 660-9214

  3492 Neely Rd, Memphis, TN 38109
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  /2

  $110,000

  • 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

  $120,500

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4623 Sunnybrook St, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 554-4971

  4623 Sunnybrook St, Memphis, TN 38127
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  /2

  $113,000

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

  646 Semple 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) 617-7502

  646 Semple Ave, Memphis, TN 38127
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  /2

  $145,500

  • 4 Beds
  • 2 Baths
  • 1,568 Sq Ft

  2620 Maverick Ave, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 660-8007

  2620 Maverick Ave, Memphis, TN 38127
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  /2

  $110,250

  • 3 Beds
  • 3 Baths
  • 2,117 Sq Ft

  1384 Melrose Cove, Memphis, TN 38106

  

  Austin Hall

  Evernest Too, LLC

  (901) 660-3947

  1384 Melrose Cove, Memphis, TN 38106
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  /2

  $120,500

  • 3 Beds
  • 1 Bath
  • 852 Sq Ft

  4485 Beacon Hill Dr, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 657-6692

  4485 Beacon Hill Dr, Memphis, TN 38127
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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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  /2

  $104,500

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1013 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 $700/mo. Professionally managed. Lease expires on 3/30/26

  

  Caleb Hall

  Keller Williams

  (901) 459-3938

  1013 Par Ave, Memphis, TN 38127
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  /2

  $120,500

  • 3 Beds
  • 1 Bath
  • 852 Sq Ft

  4520 Beacon Hill Dr, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 673-2937

  4520 Beacon Hill Dr, Memphis, TN 38127
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  /13

  $159,900

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

  4065 Haliburton St, Memphis, TN 38128

  At over 1600 square feet this move-in ready, renovated home features 3 bedrooms and a bath and a half, offering a comfortable living space with hard surface, low-maintenance flooring throughout. Enjoy fresh updates, including the brand new bathroom, the updated kitchen, a freshly painted interior and exterior, LVP flooring throughout and newer roof, hvac system, and water heater providing years

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 617-7042

  4065 Haliburton St, Memphis, TN 38128
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  /3

  $115,000

  • 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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  /2

  $120,500

  • 3 Beds
  • 1 Bath
  • 1,138 Sq Ft

  4494 Beacon Hill Cove, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 621-5730

  4494 Beacon Hill Cove, Memphis, TN 38127
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  /11

  $122,500

  • 3 Beds
  • 1 Bath
  • 850 Sq Ft

  4446 Range Line Rd, Memphis, TN 38127

  Stylishly Renovated Gem! Perched gracefully on a hill, this completely renovated 3-bedroom, 1-bath home offers a perfect blend of charm and modern upgrades. Step inside to discover new finishes throughout, from sleek flooring to a beautifully updated kitchen and bath. Enjoy year-round comfort with new HVAC, roof, and electrical systems, plus covered parking for added convenience. The elevated

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 445-9190

  4446 Range Line Rd, Memphis, TN 38127
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  /2

  $120,500

  • 3 Beds
  • 1 Bath
  • 856 Sq Ft

  4502 Beacon Hill Cove, Memphis, TN 38127

  Calling investors looking to build their rental portfolio! Cash flowing, turn-key property. Seller prefers to sell as a 12-property package deal bringing in over $10k per month. 9 of the 12 properties have tenants in place with leases that end October 2026. Seller may consider selling separately. Tenant rights. Do not disturb tenants. No showings without an accepted offer. See MLS docs for other

  

  Patrice Williams-Wooten

  Keller Williams

  (901) 660-9585

  4502 Beacon Hill Cove, Memphis, TN 38127
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  /2

  $115,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  885 Restbrook 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 3/10/26

  

  Caleb Hall

  Keller Williams

  (901) 660-7130

  885 Restbrook Ave, Memphis, TN 38127
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  /4

  $159,000

  • 3 Beds
  • 2 Baths
  • 1,474 Sq Ft

  3455 Rosamond Ave, Memphis, TN 38122

  Welcome to your next investment or future headache-free home! This charming 3-bedroom, 2-bathroom house in the heart of Memphis is ready for you. The roof and HVAC are both under five years old, which means fewer surprise expenses. Recently painted with tiled and hardwood laminate flooring. Currently tenant-occupied at $1,400/month on a month-to-month lease, meaning you can either keep the rent

  

  Vivian Denogean

  Fast Track Realty, LLC

  (901) 660-5997

  3455 Rosamond Ave, Memphis, TN 38122
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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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  /2

  $101,450

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3553 Randolph St, 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) 763-6496

  3553 Randolph St, Memphis, TN 38127
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  /7

  $105,000

  • 3 Beds
  • 1 Bath
  • 861 Sq Ft

  4620 Sunnybrook St, Memphis, TN 38127

  Discover this well-kept home located at 4620 Sunnybrook in Memphis, TN, offering comfort, convenience, and excellent rental potential. This property features a functional layout with inviting living spaces, a bright kitchen, and cozy bedrooms, making it a great fit for long-term tenants. The home includes a spacious yard—perfect for outdoor enjoyment—and sits in an established neighborhood close

  

  Austin Hall

  Evernest Too, LLC

  (901) 401-9034

  4620 Sunnybrook St, Memphis, TN 38127
• 

  

  /9

  $149,000

  • 4 Beds
  • 1,512 Sq Ft

  279 W Person Ave, Memphis, TN 38109

  Triplex + Two Extra Lots! 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 gross rents to $2,185

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6567

  279 W Person Ave, Memphis, TN 38109
• 

  

  /4

  $124,900

  • 3 Beds
  • 2 Baths
  • 1,066 Sq Ft

  804 Keel Ave, Memphis, TN 38107

  804 Keel Ave, Memphis, TN DUPLEX Turnkey duplex in Memphis priced at $124,900. This tenant-occupied property is currently renting for $1,175 per month for one side, providing immediate cash flow for investors. Ideal for buy-and-hold investors seeking steady income in the Memphis rental market. Do not disturb tenant. Showings upon accepted offer only.

  

  Austin Hall

  Evernest Too, LLC

  (901) 295-4642

  804 Keel Ave, Memphis, TN 38107

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