1,975

Memphis, TN Homes for Sale under $200,000

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  • /19

    $100,000

    • 2 Beds
    • 1 Bath
    • 725 Sq Ft

    1984 N Dianne Cir, Memphis, TN 38114

    Looking to add to your Investment Portfolio, here you go!!! Check out this 2 Bedroom 1 bath, Newly Renovated throughout with Appliances, Central AC and Heat. Please DO NOT DISTURB TENANT, Rented for $1000 per month through Section 8, Lease started 8/2026. *** Please Drive by to make offers and View with a Seller Accepted Offer only.*** Cash Buyers must Show Valid Proof of funds, Loans are

    Agent Photo

    Tara Woodley

    Zach Taylor Real Estate

    1984 N Dianne Cir, Memphis, TN 38114
  • /2

    $122,360

    • 2 Beds
    • 1 Bath
    • 876 Sq Ft

    3640 Dunn Ave, Memphis, TN 38111

    Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    3640 Dunn Ave, Memphis, TN 38111
  • /2

    $167,580

    • 2 Beds
    • 1.5 Baths
    • 1,219 Sq Ft

    1194 Wingfield Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,100 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    1194 Wingfield Rd, Memphis, TN 38122
  • /18

    $169,900

    $20K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,064 Sq Ft

    3579 Carnes Ave, Memphis, TN 38111

    CONTRACT FAILED and it AVALIBLE again!! Dont miss this Charming 2 bedroom 1 Bath cottage located on a safe street walking distance to the U of M campus. This home has been totally renovated 4 years ago for the owners son to attend College. Features include a totally New Kitchen and bathroom. New floors, smoothed ceilings, New hot water heater, New heating and Air, New Electrical panel. Outside of

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    John Stamps

    The Stamps Real Estate Company

    3579 Carnes Ave, Memphis, TN 38111
  • /2

    $125,000

    • 2 Beds
    • 1 Bath
    • 918 Sq Ft

    2022 Boyle Ave, Memphis, TN 38114

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    Leaser Coleman

    Empire Realty, LLC

    2022 Boyle Ave, Memphis, TN 38114
  • /24

    $139,900

    $5K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,053 Sq Ft

    3580 Ramill Rd, Memphis, TN 38128

    Turnkey opportunity at 3580 Ramill Rd—ideal for both investors and owner-occupants. This well-maintained home features a functional layout, solid major systems, and minimal deferred maintenance, making for a low-hassle purchase. Investors will appreciate the strong rental potential and consistent demand in the area, while homebuyers will love the move-in ready condition and comfortable living

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    Blake Clothier

    Premier Realty Group, LLC

    3580 Ramill Rd, Memphis, TN 38128
  • /6

    $145,000

    $5K PRICE DROP
    • Land
    • 27,007 Sq Ft
    • $233,871 per Acre

    3183 N Thomas St, Memphis, TN 38127

    CMU -1- Commercial Mixed Use-1 - Former car lot. .62 acres. Two parcels to be sold as one sale; not to be separated. This is a fenced parking lot, w/ the slab where an existing building stood, that has been removed. This is a great location to build your brand. Directly across the street is the Northgate Shopping Center with National anchors: AutoZone, Subway. One block to the South is a newly

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    Todd Adams

    Keller Williams

    3183 N Thomas St, Memphis, TN 38127
  • /24

    $139,900

    $20K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,198 Sq Ft

    5181 Cana Rd, Memphis, TN 38109

    This renovated home in Westwood Shores has it all. This 3-bedroom, 1.5-bathroom gem has been updated, featuring gorgeous refinished hardwood floors throughout the living spaces along with LVP in the kitchen and dining area. The entire home, inside and out, has fresh paint. The new, updated bathrooms are a nice addition to this already beautiful home. Peace of mind comes easy with a brand new

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    Haydn Wiseman

    Cahltrep Realty, LLC

    5181 Cana Rd, Memphis, TN 38109
  • /16

    $184,901

    • 3 Beds
    • 2 Baths
    • 1,535 Sq Ft

    705 Semmes St, Memphis, TN 38111

    TWO WORDS: "CASH" - "FLOW". Don't miss a fantastic duplex investment opportunity here in the heart of Memphis! This fully remodeled property features a 2/1 bath unit as well as a 1/1 bath unit, both currently occupied, providing immediate rental income at $2100 a month! Whether you're looking to expand your investment portfolio or take advantage of a house hacking opportunity by living in one

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    Dylan Johnson

    901, REALTORS

    705 Semmes St, Memphis, TN 38111
  • /2

    $172,900

    • 2 Beds
    • 1 Bath
    • 828 Sq Ft

    4395 Ferndale Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,150 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    4395 Ferndale Rd, Memphis, TN 38122
  • /2

    $160,930

    • 3 Beds
    • 1 Bath
    • 1,011 Sq Ft

    4368 Macon Rd, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1000 with a lease expiration of 09/31/2026.This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    4368 Macon Rd, Memphis, TN 38122
  • /2

    $24,900

    • Land
    • 1.64 Acres
    • $15,183 per Acre

    4087 Weaver Rd, Memphis, TN 38109

    Build your dream home on this beautiful 1.64-acre lot! The property offers plenty of space for your custom home, shop, or pool — with room to breathe and enjoy country living just minutes from town. Utilities available at the road and site is ready for construction. Bring your plans and make this your forever homesite!

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    Paul Perry

    Crye-Leike of MS

    4087 Weaver Rd, Memphis, TN 38109
  • /2

    $158,270

    • 2 Beds
    • 1 Bath
    • 1,056 Sq Ft

    1474 Orr St, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,125 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    1474 Orr St, Memphis, TN 38108
  • /2

    $156,940

    • 3 Beds
    • 1 Bath
    • 911 Sq Ft

    1241 Holliday St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 07/31/2026. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    1241 Holliday St, Memphis, TN 38122
  • /2

    $101,080

    • 2 Beds
    • 1 Bath
    • 784 Sq Ft

    4233 Riviera Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    4233 Riviera Rd, Memphis, TN 38108
  • /2

    $125,000

    $9K PRICE INCREASE
    • 2 Beds
    • 1 Bath
    • 940 Sq Ft

    724 N Holmes St, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 12/31/2026. No creative finance offers.

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    Caleb Hall

    Keller Williams

    724 N Holmes St, Memphis, TN 38122
  • /2

    $159,000

    $43K PRICE INCREASE
    • 3 Beds
    • 1.5 Baths
    • 1,001 Sq Ft

    1481 Stacey St, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $860 month to month. No creative finance offers.

    Agent Photo

    Caleb Hall

    Keller Williams

    1481 Stacey St, Memphis, TN 38108
  • /2

    $118,370

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft

    3817 Chelsea Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    3817 Chelsea Ave, Memphis, TN 38108
  • /2

    $105,070

    • 2 Beds
    • 1 Bath
    • 772 Sq Ft

    3740 E Mallory Ave, Memphis, TN 38111

    Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    3740 E Mallory Ave, Memphis, TN 38111
  • /2

    $140,980

    • 2 Beds
    • 1 Bath
    • 1,079 Sq Ft

    3437 Vernon Ave, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $900 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    3437 Vernon Ave, Memphis, TN 38122
  • /2

    $146,300

    • 3 Beds
    • 1 Bath
    • 1,074 Sq Ft

    1771 Wells Station Rd, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    1771 Wells Station Rd, Memphis, TN 38108
  • /15

    $105,000

    $25K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,155 Sq Ft

    5096 Belfast Dr, Memphis, TN 38127

    BACK ON THE MARKET AT NO FAULT OF THE SELLER!! SIGNIFICANT PRICE REDUCTION- PRICED FOR A QUICK SALE !!Great-looking rehab - perfect for a first-time buyer (ask about USDA financing) or a smart investment opportunity. The seller has completed major updates, including a brand-new dimensional roof, fresh interior and exterior paint, new A/C condenser and furnace A-coil, updated fans and light

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    Steve Boysen

    Crye-Leike, Inc., REALTORS

    5096 Belfast Dr, Memphis, TN 38127
  • /2

    $168,910

    • 3 Beds
    • 2 Baths
    • 1,230 Sq Ft

    4248 Truman Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $925 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    4248 Truman Ave, Memphis, TN 38108
  • /7

    $90,000

    $5K PRICE DROP
    • Land
    • 3,049 Sq Ft
    • $1,285,714 per Acre

    1395 Club Gardens Place, Memphis, TN 38104

    Recently developed Luxury Gated Townhome Community located in the heart of Midtown Memphis. Lots 1 and 2 are sold together listed at $90,000 each and selling for a total Sales Price of $180,000.00. Street Addresses are 1395 Club Gardens for LOT 7 and 1398 Club Gardens for LOT 8. Subdivision Restrictions require the homes on Lot 7 and Lot 8 to be constructed at the same time. See plans attached in

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    Skip Miller

    Morris Realty & Auction, LLC

    1395 Club Gardens Place, Memphis, TN 38104
  • /2

    $149,000

    $15K PRICE INCREASE
    • 3 Beds
    • 1 Bath
    • 1,031 Sq Ft

    3601 Mayfair Ave, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers.

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    Caleb Hall

    Keller Williams

    3601 Mayfair Ave, Memphis, TN 38122
  • /10

    $98,000

    • 3 Beds
    • 1 Bath
    • 1,066 Sq Ft

    362 Hewlett Rd, Memphis, TN 38109

    ?? Turnkey Investment Opportunity – Fully Renovated! - Currently rented through 8/2/27 at $945 ?? 362 Hewlett, Memphis, TN ?? Asking Price: $98,000 Looking for a cash-flowing rental property with strong income potential? This completely renovated home is ready for tenants and offers an excellent opportunity for investors seeking immediate returns. ? Fully Renovated – Move-In Ready ? Low

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    Austin Hall

    Evernest Too, LLC

    362 Hewlett Rd, Memphis, TN 38109
  • /2

    $144,970

    • 3 Beds
    • 1 Bath
    • 796 Sq Ft

    1456 Orr St, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,000 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    1456 Orr St, Memphis, TN 38108
  • /5

    $117,901

    • 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.

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    Dylan Johnson

    901, REALTORS

    706 Northaven Dr, Memphis, TN 38127
  • /2

    $145,000

    $27K PRICE INCREASE
    • 3 Beds
    • 1 Bath
    • 921 Sq Ft

    1327 Victor Dr, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative finance offers.

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    Caleb Hall

    Keller Williams

    1327 Victor Dr, Memphis, TN 38122
  • /2

    $135,000

    • 2 Beds
    • 1 Bath
    • 956 Sq Ft

    3084 Guernsey Ave, Memphis, TN 38112

    Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers.

    Agent Photo

    Caleb Hall

    Keller Williams

    3084 Guernsey Ave, Memphis, TN 38112
  • /16

    $122,000

    $7K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,339 Sq Ft

    2287 Pamela Dr, Memphis, TN 38127

    Being sold “as-is,” this charming 3-bedroom, 1.5-bath home is tucked away in a quiet court surrounded by other homes being beautifully updated—making it a great opportunity for homeowners and investors alike. Recently renovated, this home features fresh, modern finishes throughout, while still leaving room to make it your own. Don’t miss your chance to own this hidden gem in an up-and-coming

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    Kyle Couvion

    Reid, REALTORS

    2287 Pamela Dr, Memphis, TN 38127
  • /36

    $194,000

    • 3 Beds
    • 2 Baths
    • 1,224 Sq Ft

    4890 Helene Rd, Memphis, TN 38117

    Beautiful Updated 3 bedroom 2 bath home in the heart of East Memphis Colonial Acres. This home features Granite countertops, stainless steel appliances and eat-in kitchen with breakfast bar. Refrigerator, washer and dryer stay. Baths with subway tile. Hardwood floors throughout. Smooth ceilings. Super nice 12x18 Screened in porch added in 2022. Roof only 4 years old. Fenced yard. Come see this

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    Lisa Cox

    Groome & Co.

    4890 Helene Rd, Memphis, TN 38117
  • /15

    $75,000

    $15K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft

    318 Simpson Ave, Memphis, TN 38106

    Schedule your viewing for this renovated 2 bed, 1 bath home. It would make an awesome investment property or owner occupant new home. It features fresh paint throughout, an updated kitchen and bathroom, and luxury vinyl plank throughout. The electrical and plumbing have been updated with all new fixtures. It has new windows and blinds. It's loceated conveniently close to LeMoyne-Owen College,

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    Haydn Wiseman

    Cahltrep Realty, LLC

    318 Simpson Ave, Memphis, TN 38106
  • /2

    $136,990

    • 2 Beds
    • 1 Bath
    • 961 Sq Ft

    3965 Canterbury Dr, Memphis, TN 38122

    Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    3965 Canterbury Dr, Memphis, TN 38122
  • /2

    $151,620

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    3912 Berkshire Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    3912 Berkshire Ave, Memphis, TN 38108
  • /22

    $155,000

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

    3553 Rhodes Ave, Memphis, TN 38111

    Move in ready home fresh paint wood,LVP and tile floors granite counter tops new light fixtures and ceiling fans ,3 bedrooms 2 full baths waiting for a new owner great neighborhood close to schools and shopping take a look , spacious yard parking for 2 cars storage room an more

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    Frances Anderson

    Crye-Leike, Inc., REALTORS

    3553 Rhodes Ave, Memphis, TN 38111
  • /2

    $198,170

    • 4 Beds
    • 2 Baths
    • 1,724 Sq Ft

    4120 Hemingway Ave, Memphis, TN 38128

    Renovated rental property with an active lease in place. Currently leased at $1275 month to month. No creative finance offers. This home is part of a 103 home package.

    Agent Photo

    Caleb Hall

    Keller Williams

    4120 Hemingway Ave, Memphis, TN 38128
  • /31

    $65,000

    • 5 Beds
    • 2 Baths
    • 1,710 Sq Ft

    2967 Dalebrook St, Memphis, TN 38127

    Looking for a owner handyman are and investor. This 5 bedroom will make a great home for a growing family or section 8 property. Minimal work yo do. Don't miss this opportunity.

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    Jo Mathes

    Pinnacle Realty

    2967 Dalebrook St, Memphis, TN 38127
  • /2

    $156,940

    • 3 Beds
    • 1 Bath
    • 1,121 Sq Ft

    2270 Devoy Ave, Memphis, TN 38108

    Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

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    Caleb Hall

    Keller Williams

    2270 Devoy Ave, Memphis, TN 38108
  • /15

    $149,500

    • 4 Beds
    • 2 Baths
    • 1,392 Sq Ft

    2283 Cassie Ave, Memphis, TN 38127

    Turnkey investment opportunity in Memphis with a tenant already in place paying $1,575 per month. Seller is offering a rate buydown for qualified DSCR buyers, creating an attractive financing opportunity. Additionally, a 1-year home warranty is included. Tenant is responsible for all utilities and landscaping, helping simplify ownership and property management. The home was completely renovated

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    Alissa Anderson

    KAIZEN Realty, LLC

    2283 Cassie Ave, Memphis, TN 38127

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