Memphis, TN Homes for Sale under $200,000

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  /10

  $160,000

  • 2 Beds
  • 1 Bath
  • 1,346 Sq Ft

  1150 Tanglewood St, Memphis, TN 38114

  Vibrant Midtown Memphis! This renovated historic home is ideally situated just half a mile from Cooper-Young. Featuring 2 bedrooms and 1 bath, the home greets you with a spacious front porch perfect for relaxing. Inside, an open-concept kitchen with quartz countertops and high-end finishes throughout. A convenient laundry/mudroom combination, fully fenced backyard—ideal for entertaining or

  

  Jo Mathes

  Pinnacle Realty

  1150 Tanglewood St, Memphis, TN 38114
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  /2

  $175,560

  • 3 Beds
  • 1 Bath
  • 1,219 Sq Ft

  1493 Luverne 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.

  

  Caleb Hall

  Keller Williams

  1493 Luverne St, Memphis, TN 38108
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  /2

  $142,310

  • 1 Bed
  • 1,155 Sq Ft

  1057 N Holmes St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1057 N Holmes St, Memphis, TN 38122
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  /2

  $146,300

  • 2 Beds
  • 1 Bath
  • 1,028 Sq Ft

  3592 Kendrick Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $600 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3592 Kendrick Rd, Memphis, TN 38108
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  /4

  $119,900

  $3K PRICE DROP

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

  804 Keel Ave, Memphis, TN 38107

  Turnkey single-family rental opportunity in the growing North Memphis market! This well-maintained home at 804 Keel Ave, Memphis, TN is currently tenant occupied and generating $1,175 per month in rental income, making it an ideal cash-flow investment for both new and experienced investors. Listed at $122,900, this property offers strong rental performance with immediate income potential from day

  

  Austin Hall

  Evernest Too, LLC

  804 Keel Ave, Memphis, TN 38107
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  /2

  $155,000

  • 4 Beds
  • 2 Baths
  • 1,916 Sq Ft

  1023 Springdale St, Memphis, TN 38108

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Lovely 4/2 tutor. currently rented for $1300/months. House is in great condition. Showings only with an accepted offer. Tenant is month to month. No wholesalers, no assignments, no creative financing or subject to offers please. Seller also selling 3562 Fuller, 1373 Semmes unit 2 & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  1023 Springdale St, Memphis, TN 38108
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  /2

  $176,890

  • 3 Beds
  • 1 Bath
  • 1,360 Sq Ft

  4287 Elaine Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,200 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4287 Elaine Ave, Memphis, TN 38122
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  /8

  $89,000

  • 2 Beds
  • 1 Bath
  • 1,076 Sq Ft

  1487 Swift St, Memphis, TN 38109

  Renovated in 2023, this income-producing property is an excellent opportunity for investors seeking a rent-ready asset with professional management already in place. Featuring a functional floor plan with a spacious living room, separate dining area, decorative fireplace, and a dedicated laundry room, this home also offers a covered front porch and a large backyard—appealing features for

  

  Amy Woods

  Crye-Leike, Inc., REALTORS

  1487 Swift St, Memphis, TN 38109
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  /2

  $180,880

  • 3 Beds
  • 2 Baths
  • 1,758 Sq Ft

  4154 Arrowhead Rd, Memphis, TN 38118

  Renovated rental property with an active lease in place. Currently leased at $835 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4154 Arrowhead Rd, Memphis, TN 38118
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  /2

  $125,020

  • 2 Beds
  • 1 Bath
  • 672 Sq Ft

  3734 Townes Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3734 Townes Ave, Memphis, TN 38122
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  /2

  $139,000

  $16K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,621 Sq Ft

  1472 E Holmes Rd, Memphis, TN 38116

  Investor Opportunity – Turnkey Rental with Long-Term Tenant Located at 1472 E Holmes Rd, Memphis, TN, this income-producing property is a solid addition to any rental portfolio. Currently generating $1,185/month in rent, this home offers immediate cash flow with a reliable tenant in place for over 10 years—a rare and valuable advantage for investors seeking stability. This property minimizes

  

  Austin Hall

  Evernest Too, LLC

  1472 E Holmes Rd, Memphis, TN 38116
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  /2

  $159,000

  $13K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,344 Sq Ft

  683 Hudson St, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $975 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  683 Hudson St, Memphis, TN 38112
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  /2

  $147,630

  • 2 Beds
  • 1 Bath
  • 916 Sq Ft

  3561 Orchi Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 03/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3561 Orchi Rd, Memphis, TN 38108
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  /2

  $6,000

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

  356 Cambridge Ave, Memphis, TN 38106

  Lot ready to be developed. Just drive by.

  

  Jo Mathes

  Pinnacle Realty

  356 Cambridge Ave, Memphis, TN 38106
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  /19

  $117,900

  $2K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  

  Raychel Day

  Renshaw Company, REALTORS

  829 Josephine St, Memphis, TN 38114
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  /9

  $25,000

  $13K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  2139 Lyon Ave, Memphis, TN 38108

  Fantastic Investment Opportunity In Hyde Park neighborhood! AS-IS! No wholesalers! No seller financing! Cash or Hard Money offers only! The seller is looking for offers with no inspection contingencies since the property is vacant and can be viewed anytime. Rental rates for the area are $750 - $1,100/month. VIDEO AVAILABLE UPON REQUEST!

  

  Jordan Ray

  eXp Realty, LLC

  2139 Lyon Ave, Memphis, TN 38108
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  /2

  $170,240

  • 3 Beds
  • 1 Bath
  • 1,400 Sq Ft

  1905 Sierra St, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,195 with a lease expiration of 11/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1905 Sierra St, Memphis, TN 38128
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  /2

  $164,920

  • 3 Beds
  • 1 Bath
  • 1,316 Sq Ft

  3299 Bowen Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 06/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3299 Bowen Ave, Memphis, TN 38122
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  /2

  $148,960

  • 3 Beds
  • 1 Bath
  • 974 Sq Ft

  3954 Berkshire Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $725 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3954 Berkshire Ave, Memphis, TN 38108
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  /2

  $174,230

  • 2 Beds
  • 1 Bath
  • 1,000 Sq Ft

  4942 Byron Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,225 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4942 Byron Rd, Memphis, TN 38122
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  /2

  $176,890

  • 3 Beds
  • 1 Bath
  • 1,412 Sq Ft

  3070 Guernsey Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $1,275 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3070 Guernsey Ave, Memphis, TN 38112
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  /24

  $89,900

  $10K PRICE DROP

  • Land
  • 25,264 Sq Ft
  • $155,000 per Acre

  9385 Greybear Cove, Unincorporated, TN 38018

  Lots,Lots, & more LOTS! (18 to be exact) Here is A rare Opportunity in Shelby County outside the city limits. Discover the perfect setting for your dream home in this beautiful, private gated community. With 18 lots to choose from, you can select the ideal homesite that fits your vision. Enjoy the convenience of city water and sewer, while benefiting from being located in an unincorporated area.

  

  John Stamps

  The Stamps Real Estate Company

  9385 Greybear Cove, Unincorporated, TN 38018
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  /2

  $179,550

  • 3 Beds
  • 1 Bath
  • 1,548 Sq Ft

  3570 Faxon Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $980 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3570 Faxon Ave, Memphis, TN 38122
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  /10

  $170,000

  $5K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 800+ Sq Ft

  655 S Riverside Dr Unit 1008A, Memphis, TN 38103

  Premier Gated Community in Downtown Memphis! This united is located on the 10th floor in the highly sought after River Towers! This gated building has 24 hour security guard, pool, tennis court, outdoor grilling area, workout room, gated pet area, catering kitchen boardroom and ample common spaces for entertaining! The monthly maintenance fee include all utilities!! Great Place to relax and watch

  

  Michael Ford

  Coldwell Banker Heritage Homes

  655 S Riverside Dr Unit 1008A, Memphis, TN 38103
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  /2

  $146,000

  • 3 Beds
  • 2 Baths
  • 1,451 Sq Ft

  4117 Grey Rd, Memphis, TN 38108

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

  

  Caleb Hall

  Keller Williams

  4117 Grey Rd, Memphis, TN 38108
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  /2

  $180,880

  • 3 Beds
  • 2 Baths
  • 1,498 Sq Ft

  1195 Wingfield Rd, Memphis, TN 38122

  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.

  

  Caleb Hall

  Keller Williams

  1195 Wingfield Rd, Memphis, TN 38122
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  /2

  $158,270

  • 2 Beds
  • 1 Bath
  • 1,062 Sq Ft

  3796 Longfellow Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Current rent is $1,000 a month with a lease expiration of 12/31/26. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3796 Longfellow Rd, Memphis, TN 38108
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  /2

  $198,170

  • 4 Beds
  • 2 Baths
  • 1,458 Sq Ft

  2132 Brookline Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,300 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  2132 Brookline Rd, Memphis, TN 38128
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  /2

  $150,290

  • 3 Beds
  • 1 Bath
  • 1,021 Sq Ft

  3504 Buchanan Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3504 Buchanan Ave, Memphis, TN 38122
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  /2

  $195,510

  • 3 Beds
  • 1.5 Baths
  • 1,106 Sq Ft

  4207 Brenmar Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 10/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  4207 Brenmar Ave, Memphis, TN 38122
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  $130,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,107 Sq Ft

  2452 Saratoga Ave, Memphis, TN 38114

  INVESTOR ALERT! Turnkey, tenant-occupied duplex with strong cash flow, exceeding the 1% rule. Both units leased at $700/month. Memphis continues to attract investor demand due to affordable price points and solid rent-to-price ratios. No assignable offers. No seller financing. Drive by only. Do not disturb tenants. Showings only with accepted contract.

  

  Walter Jones

  BEST Real Estate Company

  2452 Saratoga Ave, Memphis, TN 38114
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  /15

  $129,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,420 Sq Ft

  2939 Mountain Terrace St, Memphis, TN 38127

  Step into this inviting 3-bedroom, 2-bath home nestled in a peaceful, established neighborhood. From the moment you arrive, you’ll feel the warmth and care that’s gone into maintaining this lovely property. The bright living area is filled with natural light — perfect for relaxing or spending time with family. The kitchen offers plenty of cabinet space and a layout that makes cooking easy and

  

  Zachary Churchey

  Churchey Realty

  2939 Mountain Terrace St, Memphis, TN 38127
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  /2

  $126,350

  • 3 Beds
  • 1 Bath
  • 1,418 Sq Ft

  3348 Lamphier Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1050 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3348 Lamphier Ave, Memphis, TN 38122
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  /16

  $99,901

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 918 Sq Ft

  2877 Brewer Ave, Memphis, TN 38114

  PRICE DROP! One Percent (1%) Rule still alive in Memphis! Completely remodeled micro-mansion paying rented making cashflow. . Special financing for first time investors available with 20% down, ask listing firm for details.

  

  Pablo Pereyra

  901, REALTORS

  2877 Brewer Ave, Memphis, TN 38114
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  /2

  $121,030

  • 3 Beds
  • 1 Bath
  • 1,193 Sq Ft

  3818 Grey Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $750 with a lease expiration of 08/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3818 Grey Rd, Memphis, TN 38108
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  /2

  $192,850

  • 3 Beds
  • 1 Bath
  • 1,468 Sq Ft

  1286 Gherald St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,250 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1286 Gherald St, Memphis, TN 38122
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  /19

  $144,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,404 Sq Ft

  4253 Cottonwood Rd, Memphis, TN 38118

  Great opportunity for homeowners or investors! This vacant property is move-in ready and offers strong potential as a primary residence or rental investment. Conveniently located with easy access to shopping, dining, and major roadways. Whether you’re looking for your next home or a property to add to your portfolio, this one is worth a look. Schedule your showing today!

  

  Blake Clothier

  Premier Realty Group, LLC

  4253 Cottonwood Rd, Memphis, TN 38118
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  /2

  $99,750

  • 2 Beds
  • 1 Bath
  • 825 Sq Ft

  3620 S Lloyd Cir, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3620 S Lloyd Cir, Memphis, TN 38108
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  /2

  $6,000

  $2K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $35,294 per Acre

  267 W Mckellar Ave, Memphis, TN 38109

  Buyer to do their own due diligence. Please drive by the lot and feel free to walk the property. Cash offers only please. No seller financing.

  

  Tonya McDowell

  The Stamps Real Estate Company

  267 W Mckellar Ave, Memphis, TN 38109
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  /7

  $95,000

  • 3 Beds
  • 1.5 Baths
  • 1,081 Sq Ft

  1758 Woodburn Dr, Memphis, TN 38127

  

  Austin Hall

  Evernest Too, LLC

  1758 Woodburn Dr, Memphis, TN 38127

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