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Memphis, TN Homes for Sale under $200,000

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  • /2

    $112,500

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    908 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 5/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 808-8026

    908 Par Ave, Memphis, TN 38127
  • /2

    $118,000

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

    828 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 $825/mo. Professionally managed. Lease expires on 3/30/26.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 902-5053

    828 Floyd Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 669-4348

    1030 Floyd Ave, Memphis, TN 38127
  • /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.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 621-8434

    823 Par Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 459-3938

    1013 Par Ave, Memphis, TN 38127
  • /2

    $127,000

    • 4 Beds
    • 1 Bath
    • 1,600+ Sq Ft

    951 Joel 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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7556

    951 Joel Ave, Memphis, TN 38127
  • /2

    $101,500

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    991 Joel 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 9/30/25

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 460-9062

    991 Joel Ave, Memphis, TN 38127
  • /2

    $107,000

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

    835 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 $725/mo. Professionally managed. Lease expires on 1/31/26.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 883-7699

    835 Restbrook Ave, Memphis, TN 38127
  • /2

    $104,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    918 Joel 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 $725/mo. Professionally managed. Lease expires on 1/30/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 621-7520

    918 Joel Ave, Memphis, TN 38127
  • /2

    $103,000

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

    3294 Benjestown Rd, 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 $900/mo. Professionally managed. Lease expires on 1/30/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 676-8719

    3294 Benjestown Rd, Memphis, TN 38127
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 668-6064

    803 Par Ave, Memphis, TN 38127
  • /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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 660-7130

    885 Restbrook Ave, Memphis, TN 38127
  • /2

    $102,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    908 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 $725/mo. Professionally managed. Lease expires on 4/24/26

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7626

    908 Restbrook Ave, Memphis, TN 38127
  • /15

    $185,000 New Construction

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

    351 Edith Ave, Memphis, TN 38126

    Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

    Agent Photo

    Tammy Taylor

    KAIZEN Realty, LLC

    (901) 676-6721

    351 Edith Ave, Memphis, TN 38126
  • /23

    $185,000 New Construction

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

    355 Edith Ave, Memphis, TN 38126

    Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

    Agent Photo

    Tammy Taylor

    KAIZEN Realty, LLC

    (901) 582-6570

    355 Edith Ave, Memphis, TN 38126
  • /23

    $185,000 New Construction

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

    372 Edith Ave, Memphis, TN 38126

    Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

    Agent Photo

    Tammy Taylor

    KAIZEN Realty, LLC

    (901) 621-3508

    372 Edith Ave, Memphis, TN 38126
  • /33

    $175,000

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

    2171 Curry Ave, Memphis, TN 38108

    Rented for $1783!! New Construction!! Tenant Occupied---Do Not Disturb Tenants---No showings until accepted offer. This 4 BD 2 BA home is a perfect addition to your investment portfolio with immediate cash flow. Modern open-floor plan, beautiful finishes, solid surface counter tops, back splash, polished concrete floors, ceiling fans, designer paint colors, gorgeous bathrooms with tiled tub

    Chastity Wamble Moss Real Estate

    2171 Curry Ave, Memphis, TN 38108
  • /18

    $179,000

    • 3 Beds
    • 1 Bath
    • 985 Sq Ft

    1219 S White Station Rd, Memphis, TN 38117

    Home for the Holidays! Come tour this LOVELY 3 Bedroom 1 Bath, WELL maintained home in COLONIAL ACRES. Covered carport, large fenced backyard, beautiful hardwood floors and newly renovated kitchen! NEW ROOF and extended driveway added for extra parking! Conveniently located in the heart of East Memphis and its MOVE IN READY!

    Shannon Eavenson BHHS McLemore & Co., Realty

    1219 S White Station Rd, Memphis, TN 38117
  • /24

    $185,000

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

    5151 Wooddale Ave, Memphis, TN 38118

    Enhanced with virtual staging to highlight the full potential of each room and its décor possibilities. This home qualifies for up to $35,000 in Down Payment & Closing Cost Assistance through The Housing Fund (THF) Eligible buyers can purchase with as little as 1% personal investment. Dati Mortgage has approved lenders qualified for this program and can help buyers through the pre-approval and

    David Truong eXp Realty, LLC

    5151 Wooddale Ave, Memphis, TN 38118
  • /28

    $180,000

    • 3 Beds
    • 1.5 Baths
    • 1,452 Sq Ft

    4908 Shifri Ave Unit 4908, Memphis, TN 38117

    Welcome to this beautifully renovated townhome! 3 bedrooms and 1.5 bathrooms centrally located. With 1,452 square feet of living space, this move-in-ready home features modern upgrades, thoughtful finishes, and an unbeatable location close to everything you need. Inquire about furniture, many pieces staying with the home! Fully Upgraded in 2019: Granite countertops in the kitchen and both

    Amy Helms Weichert, REALTORS-BenchMark

    4908 Shifri Ave Unit 4908, Memphis, TN 38117
  • /21

    $170,000

    • 3 Beds
    • 2 Baths
    • 1,171 Sq Ft

    90 Autumn Branch Ln, Memphis, TN 38109

    Discover comfort and convenience in this charming home located in a well-established neighborhood. This inviting split-bedroom plan offers 3 bedrooms and 2 full baths, giving everyone the space they need. The cozy living room features a gas log fireplace and easy-care wood laminate flooring—perfect for relaxing evenings at home. The bright eat-in kitchen includes white appliances, abundant

    Adrian Adair-Boyland REMAX Experts

    90 Autumn Branch Ln, Memphis, TN 38109
  • /19

    $179,500

    • 4 Beds
    • 2 Baths
    • 1,624 Sq Ft

    2830 Suesand Dr, Memphis, TN 38128

    Located in a highly desirable Raleigh area, this spacious 4-bed, 2-bath home offers exceptional potential for investors, renovators, or buyers looking to create their ideal living space. Set on a corner lot with a covered patio and mature surroundings, this property delivers a rare combination of size, layout, and opportunity. Inside, the home features a traditional floor plan with a living room,

    Ben Strauch Skyline Realty

    2830 Suesand Dr, Memphis, TN 38128
  • /21

    $145,000

    • 3 Beds
    • 2.5 Baths
    • 1,453 Sq Ft

    4669 Christyshire Dr, Memphis, TN 38128

    This is 3 bedroom 2.5 bath home with large bedrooms. This home has fenced in backyard along with spacious interior of home. This home located 5 minutes from gas, shopping, entertainment and highway access. This property is owned by the US Department of HUD. HUD homes are sold as-is and are managed by Olympusams. HUD CASE# 482-518640, and this property is (IE) which is (Insured Escrow) , so

    Juan Brooks Process Realty Services

    4669 Christyshire Dr, Memphis, TN 38128
  • /32

    $140,000

    • 4 Beds
    • 2.5 Baths
    • 1,746 Sq Ft

    306 S Parkway E, Memphis, TN 38106

    This spacious 4-bedroom, 2.5-bath home with over 1,700 sqft was completely taken down to the studs and rebuilt from the ground up, including new electrical, plumbing, roof, flooring, and more! With rental comps starting at $1,550+ per month, this property offers strong cash flow potential and excellent long-term returns for investors looking to expand their portfolio. The home features an

    Andres Garcia Fast Track Realty, LLC

    306 S Parkway E, Memphis, TN 38106
  • /30

    $140,000

    • 3 Beds
    • 2 Baths
    • 1,114 Sq Ft

    1380 Gill Ave, Memphis, TN 38106

    Perfect for Investors and First Time Buyers! This home is located minutes from expressway, Stax Museum, LeMoyne Owen College, Graceland , Midtown and Downtown! This home is also walking distance to Hamilton High School and Hamilton K-8 school! The home has been totally renovated and is ready to rent or move in! Fresh paint inside and out, new flooring, new water tank, renovated bathrooms and

    Verna Littleton Fast Track Realty, LLC

    1380 Gill Ave, Memphis, TN 38106
  • /19

    $150,000

    • 3 Beds
    • 1.5 Baths
    • 1,073 Sq Ft

    4227 Arrowood Ave, Memphis, TN 38118

    Beautiful house 3 bedrooms 1 1/2bath ~ New Roof ~Close to many schools ~ Big back yard ~ Come see this house today!

    Itzel Sanchez Bustamante Keller Williams

    4227 Arrowood Ave, Memphis, TN 38118
  • /20

    $140,000

    • 3 Beds
    • 2 Baths
    • 1,463 Sq Ft

    1196 Wells Station Rd, Memphis, TN 38122

    Come see this spacious single story, fenced in corner lot home. It has 3br, or 2br with an office, and 2ba. Hardwoods throughout, with linoleum in kitchen and breakfast area. Roof 3 years old, water heater 2 years old, and hvac 1 year old. Great for an investor or starter home! Call for your private listing today!

    Bradley Conder John Green & Co., REALTORS

    1196 Wells Station Rd, Memphis, TN 38122
  • /24

    $149,900

    • 3 Beds
    • 1.5 Baths
    • 1,131 Sq Ft

    3193 Rendezvous Ln, 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

    3193 Rendezvous Ln, Memphis, TN 38118
  • /15

    $145,000

    • 4 Beds
    • 2.5 Baths
    • 1,788 Sq Ft

    2190 Fortune Ave, Memphis, TN 38127

    Wonderful investment property just rented for $1200/month. Lease expries at the end of October 2026. Large 4 bedroom, 2 full bath home with fresh paint and new flooring throughout. Professionally managed.

    Jimmy Kennedy KAIZEN Realty, LLC

    2190 Fortune Ave, Memphis, TN 38127
  • /9

    $145,000

    • 2 Beds
    • 1 Bath
    • 1,043 Sq Ft

    3580 Allandale Ln, Memphis, TN 38111

    Move in ready. Cute cottage home in sought after Sherwood Forest Subdivision. Great for first time homebuyer. Down Payment assistance may be available with local lenders. Recent interior paint and new laminate floor installed in bedroom. Close to schools, and interstate. Large fenced in back yard. Cute cottage home for first time homebuyer or investor. Lovely Sherwood Forest Walking distance to

    Toni Withers Stewart Crye-Leike, Inc., REALTORS

    3580 Allandale Ln, Memphis, TN 38111
  • /17

    $145,000

    • 3 Beds
    • 1.5 Baths
    • 1,141 Sq Ft

    1763 Keyes Dr, Memphis, TN 38116

    Welcome to this charming 3-bed, 1.5-bath home in the Whitehaven area. Featuring low maintenance brick exterior and a newer roof, this property offers timeless durability and style. Inside you’ll find hardwood floors throughout, plus tile in the kitchen and baths. The kitchen includes a brand new low maintenance deep double bowl sink, plenty of pantry space, and refrigerator included. Step

    Michael Valenza eXp Realty, LLC

    1763 Keyes Dr, Memphis, TN 38116
  • /17

    $149,900

    • 4 Beds
    • 2.5 Baths
    • 2,310 Sq Ft

    2067 Jamie Dr, Memphis, TN 38116

    Large 4 bedroom, 2 and a half bath home in Whitehaven with 2 car garage that is being offered at a significant discount. This is a very well built home with large bedrooms and hardwood floors upstairs/downstairs plus additional parking pad and iron security gate (huge backyard with additional parking...excellent RV or boat storage possibilities). Very nice floorplan with living room, dining room,

    Tyler Tapley Crye-Leike, Inc., REALTORS

    2067 Jamie Dr, Memphis, TN 38116
  • /6

    $150,000

    • 4 Beds
    • 2 Baths
    • 2,223 Sq Ft

    4138 Macon Rd, Memphis, TN 38122

    Calling all investors interested in a massive home of 2,000 plus square feet with potential for income!!! Come on out and check out this canvas ready for your artwork for yourself!!! Property will be sold AS-IS. SELLER WILL NOT MAKE ANY REPAIRS!!!!

    Randell Richmond eXp Realty, LLC

    4138 Macon Rd, Memphis, TN 38122
  • /25

    $152,000

    • 4 Beds
    • 2 Baths
    • 1,437 Sq Ft

    5315 Braden Dr, Memphis, TN 38127

    Step into this beautifully renovated 4-bedroom, 2-bathroom home with no City Taxes! Inside you’ll find all new flooring, brand-new windows, fresh paint inside and out, and an open-concept layout that welcomes you as soon as you walk in. The kitchen has been fully updated with new cabinets, countertops, and modern fixtures. Both bathrooms feature stylish, modern finishes, and the convenient

    Juan Torres Fast Track Realty, LLC

    5315 Braden Dr, Memphis, TN 38127
  • /19

    $139,900

    • 3 Beds
    • 1 Bath
    • 1,378 Sq Ft

    3960 Plymouth Ave, Memphis, TN 38128

    Well-Maintained 3-Bedroom Home in Raleigh Area This classic 3-bedroom, 1-bath home offers a comfortable and easy-to-maintain layout in a convenient Raleigh location. The home has been freshly painted, giving it a clean and welcoming feel. The living room opens to a separate dining area and a functional kitchen with plenty of cabinet space, ready for your personal touches. The brick exterior

    Marija Tomic ResiAmerica, Inc.

    3960 Plymouth Ave, Memphis, TN 38128
  • /9

    $139,500

    • 3 Beds
    • 2 Baths
    • 1,324 Sq Ft

    2747 Merle St, Memphis, TN 38118

    **OCCUPIED PROPERTY**DO NOT DISTURB** Freshley rehabbed rental for sale. New roof, HVAC, Kitchen, Windows, Bath fixtures and more. This property is currently rented at $1,175.00. No showings without bound contract. EMD is $2500 due 2 days after contract is bound, to be held by Saddle Creek Title in Memphis, max of 7 days inspection. Pics are from just before the rehab was fully completed.

    Daniel Sturdivant Bluff City Management, LLC

    2747 Merle St, Memphis, TN 38118
  • /27

    $150,000

    • 3 Beds
    • 1 Bath
    • 1,189 Sq Ft

    3392 Radford Rd, Memphis, TN 38111

    Looking for value and move-in peace of mind? This home just got even better! Seller is installing a brand-new ALL-IN-ONE front-loading washer & dryer combo for the new buyer to enjoy. And here's the cherry on top, with a full-price offer, a brand-new HVAC system will also be installed before closing! Don’t miss this opportunity to own a charming, move-in-ready home with major upgrades already

    Miltha Martinez eXp Realty, LLC

    3392 Radford Rd, Memphis, TN 38111
  • /2

    $145,000

    • 5 Beds
    • 2 Baths
    • 2,479 Sq Ft

    2550 Sandpiper Ave, Memphis, TN 38127

    Attention Investors! 5BR, 2BA brick home offering 2,464 sq ft of space and strong potential in the Shelby Forest–Frayser area. Large bedrooms, central heat/air, and a 0.28-acre lot make this a valuable addition to any portfolio. Located near major highways, schools, and shopping—positioned for opportunity and growth in North Memphis. Investor-friendly! Traditional buyers possible concessions

    Shaneathia Armstrong C21 Patterson & Assoc. Real Es

    2550 Sandpiper Ave, Memphis, TN 38127
  • /2

    $150,000

    • 3 Beds
    • 1 Bath
    • 1,396 Sq Ft

    5449 Millbranch Rd, Memphis, TN 38116

    Investor Special! This charming 3-bedroom, 1-bath home offers approximately 1,300 sq ft of living space on a spacious quarter-acre lot. With strong rental potential and a competitive price point, this property is perfect for investors looking to grow their portfolio.

    Courtney Clark Keller Williams

    5449 Millbranch Rd, Memphis, TN 38116
  • /19

    $139,900

    • 3 Beds
    • 1 Bath
    • 1,365 Sq Ft

    1486 Patterson St, Memphis, TN 38111

    Beautifully Renovated 3BR Home – Great for Owner/Occupant or Investment Opportunity! Welcome to 1486 Patterson St, a newly renovated 3-bedroom, 1-bath home offering modern updates and classic Memphis charm. This property features refinished hardwood floors, tile in the kitchen and bath, and fresh interior paint throughout. The kitchen and bathroom have been tastefully updated, blending style and

    Caleb Parr Renshaw Company, REALTORS

    1486 Patterson St, Memphis, TN 38111

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