Memphis, TN Homes for Sale under $200,000

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  /8

  $117,900

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

  1869 S Lauderdale St, Memphis, TN 38106

  Turnkey Investment Opportunity! This beautifully updated single-family home is leased to a dependable long-term tenant at $1,000/month through June 2026. Renovations completed in April 2022 include a brand new roof, AC condenser, furnace & A-coil, water heater, plus a modern kitchen and remodeled bathrooms. Professionally managed with well-documented maintenance and tenant history. Showings with

  Jeremy Veldman KAIZEN Realty, LLC

  1869 S Lauderdale St, Memphis, TN 38106
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  /15

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,375 Sq Ft

  1049 Haynes St, Memphis, TN 38114

  3 bedroom, 2 bath home with detached garage in historical Orange Mound. Fresh paint. Updated plumbing and electrical. HVAC system and roof 5 years old

  Donnie Morrow eXp Realty, LLC

  1049 Haynes St, Memphis, TN 38114
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  /2

  $130,000

  • 4 Beds
  • 3 Baths
  • 2,135 Sq Ft

  2107 Worthington Cir, Memphis, TN 38114

  This charming home is a fantastic opportunity for first-time homebuyers or investors looking to add a solid property to their portfolio. Located on a quiet, established street, the home offers comfort, functionality, and long-term value. Inside, you’ll find a practical layout with spacious living areas and plenty of natural light. The floor plan flows well for everyday living and provides

  Olena Chambers KAIZEN Realty, LLC

  2107 Worthington Cir, Memphis, TN 38114
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  /2

  $135,000

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  1236 Darlow St, Memphis, TN 38122

  Charming 3 bed 1 bath home in 38122. Features a bright living area, functional kitchen, and spacious bedrooms. Large yard perfect for outdoor living. Conveniently located near shopping, dining, schools, and major roads. Great starter or investment property. Currently occupied on a month to month lease, do not disturb tenants. Offers must be submitted before any showings.

  Cesar Lara Fast Track Realty, LLC

  1236 Darlow St, Memphis, TN 38122
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  /19

  $174,900

  • 4 Beds
  • 2 Baths
  • 1,626 Sq Ft

  1129 Catalina St, Memphis, TN 38111

  Charming brick duplex offering two spacious 2-bedroom, 1-bath units in a quiet, tree-lined neighborhood. Each side features bright living areas, updated flooring, neutral paint, and large windows that bring in great natural light. The home sits on a deep lot with mature shade trees, a covered front porch, and excellent privacy. Conveniently located near schools, shopping, and major Memphis

  Julian Smith eXp Realty, LLC

  1129 Catalina St, Memphis, TN 38111
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  /20

  $179,000

  • 4 Beds
  • 2 Baths
  • 1,196 Sq Ft

  3480 Tallyho Rd, Memphis, TN 38128

  Move-In Ready 4 Bedroom, 2 Bath Home Near Nike & Amazon! This solid all-brick home is built for low-maintenance living, featuring LVP flooring throughout and central HVAC for year-round comfort. The layout gives you plenty of room to spread out, and the fenced, oversized backyard is ready for pets, play, or weekend gatherings. Clean, simple, and easy to make your own—just move in and start

  Amber McCloud Fast Track Realty, LLC

  3480 Tallyho Rd, Memphis, TN 38128
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  /2

  $200,000

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

  572 Watson St, Memphis, TN 38111

  Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,560 a month, and the lease will end on 3/31/2026. It can be sold separately or as a package deal along with 582 Watson, 3739 Spottswood, and 3863 Spottswood.

  Crystal Mitchell Renshaw Company, REALTORS

  572 Watson St, Memphis, TN 38111
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  /10

  $134,900

  • 3 Beds
  • 1 Bath
  • 1,056 Sq Ft

  2272 Hubbard Ave, Memphis, TN 38108

  Beautifully and Fully renovated!!! Nothing to do but move in or add to your investment portfolio! New roof. New kitchen. New baths. Fresh Paint inside & out. New windows. New HVAC system. New flooring throughout. New lighting. Schedule your appointment today!

  LaJuana Miller KAIZEN Realty, LLC

  2272 Hubbard Ave, Memphis, TN 38108
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  /4

  $170,000

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

  4409 E Hunters Glen St, Memphis, TN 38128

  Investors! This turnkey property is a smart addition to any investor’s portfolio. This property has been well-maintained and already has a long term resident in place The layout offers functional space while the location keeps vacancy rates low with strong rental demand and low taxes! Professional management, paired with low taxes and insurance. Packaged with 4778 Daphne

  Ashley Claunch Premier Realty Group, LLC

  4409 E Hunters Glen St, Memphis, TN 38128
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  /25

  $144,900

  • 3 Beds
  • 1.5 Baths
  • 1,194 Sq Ft

  986 Lagrange Ave, Memphis, TN 38107

  Charming 3 bedroom low-maintenance brick home with fresh updates inside and out. The exterior and interior have been freshly painted in modern, neutral colors, creating a clean and inviting look. Inside, new luxury vinyl plank flooring runs through all main living spaces for style and durability, while the bedrooms feature plush new carpet and pad for comfort. The kitchen shines with new

  Camela Henke Enterprise, REALTORS

  986 Lagrange Ave, Memphis, TN 38107
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  /22

  $125,000

  • 3 Beds
  • 1.5 Baths
  • 1,600 Sq Ft

  3570 Hallbrook St, Memphis, TN 38127

  **NO WHOLESELLERS!!** Exceptional Investment Opportunity! Discover a charming property situated on a huge desirable lot, featuring 3 spacious bedrooms, a full bathroom, an inviting living room, a cozy den, nice eat-in kitchen, laundry room and more. The original hardwood floors add character and warmth, making it an ideal canvas for your personal touch. Located in a welcoming neighborhood close

  Tonji Cromwell eXp Realty, LLC

  3570 Hallbrook St, Memphis, TN 38127
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  /14

  $175,000 New Construction

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

  1525 Corning Ave, Memphis, TN 38127

  MHA RENT $1650-$1750 per month- Great Investment!- Brand new 4BR 2Bath with Carport- Maintenance free siding- LVT floors- Full 1 Year Builder Warranty. House currently under construction, to be completed in 90 days. Photos are of finished home- same building and floor plan. Photos to be updated upon completion. Accepting early preconstruction offers. No Wholesalers or owner financed offers.

  Brett Bernard The Stamps Real Estate Company

  1525 Corning Ave, Memphis, TN 38127
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  /14

  $175,000 New Construction

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

  2531 Smith Ridge Rd, Memphis, TN 38127

  MHA RENT $1650-$1750 per month- Great Investment!- Brand new 4BR 2Bath with Carport- Maintenance free siding- LVT floors- Full 1 Year Builder Warranty. House currently under construction, to be completed in 90 days. Photos are of finished home- same building and floor plan. Photos to be updated upon completion. Accepting early preconstruction offers. No Wholesalers or owner financed offers.

  Brett Bernard The Stamps Real Estate Company

  2531 Smith Ridge Rd, Memphis, TN 38127
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  /13

  $128,800

  • 3 Beds
  • 1 Bath
  • 984 Sq Ft

  3432 Tellico Dr, Memphis, TN 38128

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  3432 Tellico Dr, Memphis, TN 38128
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  /15

  $114,900

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

  994 N Perkins Rd, Memphis, TN 38122

  3 Bedroom all Brick home with New Roof in great Macon/Stratford area. Exterior in good shape ~~ interior needs TLC . Bonus room on back~~ Hardwood Floors. Deep Level Lot. Owner Occupants will be prioritized~~HUD's First look Period for first 30 Days.

  Scott Housewirth Crye-Leike Inc., REALTORS

  994 N Perkins Rd, Memphis, TN 38122
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  /24

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,423 Sq Ft

  3643 King George Cove, Memphis, TN 38118

  After being loved by one family for close to 50 years, it is now your chance to love this charming ranch style home in King George Cove. This 3 bedroom, 2 bath brick home sits on a large, level yard that explodes with blooms in the spring and features a large front porch. New windows in 2016 and new air conditioner 2017. Fireplace is ornamental.

  Janet Mars Keller Williams

  3643 King George Cove, Memphis, TN 38118
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  /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
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  /28

  $139,000

  • 4 Beds
  • 3 Baths
  • 2,135 Sq Ft

  1492 Faxon Ave, Memphis, TN 38104

  Looking for your next project? This is it! Welcome to 1492 Faxon Ave- a historic 4 bedroom, 3 bath home on a corner lot in the vibrant heart of Midtown. Home features spacious den with fireplace, separate dining room, sun room, 2 bedrooms and 2 full baths down, 2 bedrooms and 1 full bath up. Ideally located just a couple of blocks from the Crosstown Concourse and only 5 minutes from the Medical

  Jeremy Veldman KAIZEN Realty, LLC

  1492 Faxon Ave, Memphis, TN 38104
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  /11

  $136,000

  • 3 Beds
  • 2.5 Baths
  • 1,479 Sq Ft

  4639 Addington Dr, Memphis, TN 38128

  Investors only! Wonderful opportunity to buy this 3 bedroom 2.5 bathroom home in Raleigh area. Home has a nice floor plan with large den, plus primary bedroom & private bathroom downstairs and 2 large bedrooms upstairs. ONLINE VIDEO AVAILABLE UPON REQUEST. Cash or hard money offers only. No wholesalers, no assignments, no blind offers. Please do all inspections up front. This property is being

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4639 Addington Dr, Memphis, TN 38128
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  /24

  $114,900

  • 3 Beds
  • 1 Bath
  • 1,060 Sq Ft

  3307 Guernsey Ave, Memphis, TN 38122

  Discover this beautifully renovated 3-bedroom, 1-bath home nestled in the Highland Heights neighborhood. Featuring modern updates throughout, this charming residence offers an open and inviting living space. The fenced yard provides privacy and a safe outdoor area, perfect for gatherings or pets. Step outside onto the inviting deck—ideal for entertaining or relaxing on warm summer evenings. Don’t

  Jeff Bennett Hobson, REALTORS

  3307 Guernsey Ave, Memphis, TN 38122
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  /5

  $119,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  5387 Cornstalk Cove, Memphis, TN 38127

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Mark Hart Reedy & Company, REALTORS

  5387 Cornstalk Cove, Memphis, TN 38127
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  /14

  $173,000

  • 4 Beds
  • 2 Baths
  • 1,670 Sq Ft

  1505 Titus Rd, Memphis, TN 38111

  INVESTOR SPECIAL would work great to add to your portfolio! This 4 Bedroom 2 Home Also also has an above Ground Pool. There is also a MIL quarters out back with 2 bedrooms 1 bath! This has 800 Sq Ft. New Windows, 2 Year 30 Year Shingle Roof!! with New Turbins! Upgraded Ceramic Tile! Do Not Approach the House... Tenants rights. MO to Mo: Front Room $850/mo, Next Room $750/mo Back MIL Quarters for

  Jennifer Clark KAIZEN Realty, LLC

  1505 Titus Rd, Memphis, TN 38111
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  /22

  $104,499 Pre-Foreclosure

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

  3762 Berry Ln, Memphis, TN 38128

  Excellent starter home, or investment opportunity in Raleigh! Very quiet area across from a church. 3br 1ba, on over an acre lot! Vacant, easy to show! Home qualifies for 901 Home Loans program. Up to 97% financing with 6% fixed interest rate! Min credit score of 600! Feel free to reach out with any questions! No owner/creative financing.

  Caleb Parr Renshaw Company, REALTORS

  3762 Berry Ln, Memphis, TN 38128
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  /5

  $134,000

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

  3758 Oak Shade Cove, Memphis, TN 38118

  Great investment opportunity! Property was renovated in 2023 with updated LVP flooring, new doors and interior paint. This property is turn key with a tenant in place. Please do not disturb tenant.

  John Quinn REMAX Experts

  3758 Oak Shade Cove, Memphis, TN 38118
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  /11

  $199,500

  • 3 Beds
  • 2 Baths
  • 1,235 Sq Ft

  3856 Innsbrook Dr, Memphis, TN 38115

  Don't miss out on this FULLY REHABBED 3 BR 2 BT JEWEL - THIS SUPER CLEAN PROPERTY FEATURES NEW FLOORING and PAINT THROUGHOUT, BEAUTIFUL LAWN, HUGH EAT IN KITCHEN, GREAT RM W/VAULTED CEILING & WOODBURNING FP

  Gerald Williams KAIZEN Realty, LLC

  3856 Innsbrook Dr, Memphis, TN 38115
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  /16

  $135,000

  • 2 Beds
  • 1 Bath
  • 872 Sq Ft

  3510 Vernon Ave, Memphis, TN 38122

  Beautiful Newly Remodeled Home – 2 Bedrooms, 1 Bathroom Recent upgrades include: New roofing New drywall (sheetrock) throughout Updated plumbing and electrical systems This charming home has been completely remodeled from top to bottom, offering modern comfort and style. The property features 2 spacious bedrooms and 1 fully renovated bathroom, ideal for small families, couples, or anyone looking

  Itzel Sanchez Bustamante Keller Williams

  3510 Vernon Ave, Memphis, TN 38122
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  /26

  $189,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  435 N Highland St Unit 2, Memphis, TN 38122

  Conveniently located just minutes from UofM, Rhodes, the medical district, and downtown, this spacious 3 BD, 2.5 BA townhome offers comfort, updates, and unbeatable proximity to the best of Memphis. Just across the street from High Point and the Greenline, you'll enjoy easy access to great dining, outdoor rec, and a lively community atmosphere. Inside, the home features a separate living room and

  Carol Stout Ware Jones, REALTORS

  435 N Highland St Unit 2, Memphis, TN 38122
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  /17

  $120,000

  • 1 Bed
  • 1 Bath
  • 703 Sq Ft

  107 S Front St Unit 41, Memphis, TN 38103

  Step into timeless charm with this stunning 1BR/1BA condo in the heart of Downtown on historic Cotton Row. Featuring soaring 12-foot ceilings and original hardwood floors, this residence blends timeless character with modern convenience. All on one level, the open layout offers both comfort and style, perfect for entertaining or relaxing. Location is unbeatable—just one block from Main Street and

  Mike Parker The Firm

  107 S Front St Unit 41, Memphis, TN 38103
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  /24

  $199,000

  • 3 Beds
  • 2 Baths
  • 1,193 Sq Ft

  955 Goodman St, Memphis, TN 38111

  Renovated, move in ready, and perfectly located in East Memphis, this 3 bedroom 2 bathroom home has it all! Step inside to find refinished hardwood floors, fresh neutral paint, and an abundance of natural light throughout. The kitchen features granite countertops, stainless steel appliances, and updated cabinetry, with all appliances remaining including the washer and dryer. Both bathrooms have

  Elizabeth Glosson Fast Track Realty, LLC

  955 Goodman St, Memphis, TN 38111
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  /25

  $175,000

  • 2 Beds
  • 1 Bath
  • 870 Sq Ft

  384 Mulberry St Unit 203, Memphis, TN 38103

  Location, location! Situated in the heart of the South Main community, this upstairs end unit offers convenience & comfort. With downtown right outside your door, you'll enjoy easy access to shops, dining, & entertainment. Step inside to find everything freshly updated - 2 bedrooms & 1 beautifully renovated bathroom. The open living area has hardwood floors & go throughout the kitchen & hallway &

  Stacey Berry Crye-Leike, Inc., REALTORS

  384 Mulberry St Unit 203, Memphis, TN 38103
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  /2

  $106,000

  • 3 Beds
  • 1.5 Baths
  • 1,212 Sq Ft

  4058 Sandburg St, Memphis, TN 38128

  INVESTORS ONLY! MULTIPLE PROPERTY PORTFOLIO Seller prefers bulk offers but will look at individual offers. Tenant occupied property available for sale. Professionally managed by Foundation Property Management. Lease and ledger available upon request. Currently rented for $925/month on a month-to-month basis. No creative or owner financed offers. No wholesalers or assignments. Do not disturb or

  James Wachob Foundation Property Management

  4058 Sandburg St, Memphis, TN 38128
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  /24

  $159,000

  • 4 Beds
  • 2 Baths
  • 2,400+ Sq Ft

  726 Harahan Rd, Memphis, TN 38109

  This charming one-story brick home features a bright living room perfect for entertaining and relaxing. The open kitchen offers a great space for cooking. The private primary suite includes a spacious bathroom. A second bedroom sits near a full guest bath, while two more bedrooms down the hall provide space for family or work. Out back, enjoy a yard—perfect for relaxing or entertaining. Vinyl

  Donnie Morrow eXp Realty, LLC

  726 Harahan Rd, Memphis, TN 38109
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  /25

  $195,000

  • 3 Beds
  • 1 Bath
  • 1,158 Sq Ft

  3256 N Waynoka Cir, Memphis, TN 38111

  Charming 3-bedroom, 1-bath home in a fantastic East Memphis location—just moments from the Greenline, local parks, and shopping. This home has brand new HVAC, windows, and Crawl Space Enclosure. A wonderful opportunity for first-time buyers or investors seeking a quality East Memphis rental. Inside, you’ll find beautiful hardwood floors and smooth ceilings throughout, creating a warm and inviting

  Amanda Lott BHHS McLemore & Co., Realty

  3256 N Waynoka Cir, Memphis, TN 38111
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  /10

  $105,000

  • 3 Beds
  • 1 Bath
  • 967 Sq Ft

  2512 Kenner Ave, Memphis, TN 38114

  GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom brick home is rented for $1,000/month, to a stable long-term tenant who has occupied the house for 5 years. Lease is good until 5/31/2026. Home was totally refurbished in 2020 and an annual inspection was completed in August 2025 (report available upon request). Another opportunity to add a stable cash flowing asset to your portfolio!

  Jeremy Veldman KAIZEN Realty, LLC

  2512 Kenner Ave, Memphis, TN 38114
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  /12

  $119,900

  • 3 Beds
  • 1 Bath
  • 1,350 Sq Ft

  4898 Dianne Dr, Memphis, TN 38116

  Nestled in the vibrant Red Oaks neighborhood of South Memphis, 4898 Dianne Dr offers timeless mid-century appeal, perfect for investors or owner-occupants. This single-family gem spans ~1,300 sq ft with 3 cozy bedrooms—ideal for comfortable living or a savvy investment.

  Matt Holt Premier Realty Group, LLC

  4898 Dianne Dr, Memphis, TN 38116
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  /30

  $109,000

  • 3 Beds
  • 1.5 Baths
  • 1,158 Sq Ft

  757 Alice Ave, Memphis, TN 38106

  This home offers a great opportunity for both first-time buyers willing to put in some work and investors looking for a solid project. This 3 bedroom fixer features a functional layout with plenty of room to update and make it your own. With repairs and cosmetic upgrades, the home can quickly build equity or serve as a strong rental or flip. Ideal for a cash deal, it’s investor friendly while

  Daniel Demers Sell Your Home Services, LLC

  757 Alice Ave, Memphis, TN 38106
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  /19

  $179,900

  • 3 Beds
  • 2 Baths
  • 1,576 Sq Ft

  3034 Bannockburn Rd, Memphis, TN 38128

  Low Maintenance 3 Bedroom, 2 Bath House in Scenic Hills ~ Harwood Floors ~ Covered Entry ~ Foyer ~ Formal Living Room ~ Den with Fireplace ~ Formal Dining Room ~ Kitchen Overlooking Backyard ~ Breakfast Nook~ Primary Bedroom with Private Bath ~ 2 Additional Bedrooms & Full Bath in Hallway ~ Covered Back Patio with Built-in Grill ~ Fenced in Backyard

  Christy Gowen Keller Williams

  3034 Bannockburn Rd, Memphis, TN 38128
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  /28

  $179,900 New Construction

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

  1277 Englewood St, Memphis, TN 38106

  This beautifully designed new construction home offers 4BR/2BA, combining modern style with everyday functionality. Step inside to an inviting open split floor plan filled with natural light, perfect for entertaining. The living area flows seamlessly into the kitchen and dining spaces, creating a comfortable and cohesive layout. The kitchen is a true highlight, featuring elegant quartz

  Crystal Mitchell Renshaw Company, REALTORS

  1277 Englewood St, Memphis, TN 38106
• 

  

  /23

  $141,900

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

  1370 Isabelle St, Memphis, TN 38122

  INVESTORS ONLY! Tenant occupied property currently rented at $1265 . Home is professionally managed (lease, ledger, repair history available). Seller just did a rent ready rehab in 2025. Home has a very nice floor plan, covered parking, brick exterior, plus it was rehabbed by the management company prior to the tenant moving inside in August 2025. This could be a great long term hold and a great

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1370 Isabelle St, Memphis, TN 38122
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  /24

  $135,000

  • 2 Beds
  • 1 Bath
  • 1,266 Sq Ft

  1014 Maury St, Memphis, TN 38107

  Fully furnished and ready for you to settle into a perfect blend of Historic charm with 21st-century updates. This 1014 Maury St. 2 Bedroom 1 bath home in the Vollentine/Evergreen Historic District features a Great price and an unbeatable package of updates. Enjoy the warmth of original hardwood floors that flow into a bright, renovated kitchen with ceramic tile. With an HVAC system only about a

  Donnie Morrow eXp Realty, LLC

  1014 Maury St, Memphis, TN 38107

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