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Memphis, TN Homes for Sale under $200,000

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  • /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

    (901) 657-5925

    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

    (901) 621-5607

    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.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 329-8645

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

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 445-6814

    4248 Truman Ave, Memphis, TN 38108
  • /2

    $120,400

    • 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

    Agent Photo

    Patrice Williams-Wooten

    Keller Williams

    (901) 554-4971

    4623 Sunnybrook St, Memphis, TN 38127
  • /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.

    Agent Photo

    Caleb Hall

    Keller Williams

    (901) 617-7502

    646 Semple Ave, Memphis, TN 38127
  • /20

    $162,000

    • 3 Beds
    • 1.5 Baths
    • 1,293 Sq Ft

    2869 Dumbarton Oaks Dr, Memphis, TN 38127

    Enjoy lake living in a peaceful community where you can fish or boat daily. This home has been completely renovated and features a modern kitchen with stone countertops. Marble finish tile gives an elegant and modern look to the space. There are two living spaces, allowing flexibility for using this home to accommodate your needs. The bathrooms have been handsomely renovated and this home is like

    Agent Photo

    Meleah Thurmond-Edwards

    KAIZEN Realty, LLC

    (901) 675-6716

    2869 Dumbarton Oaks Dr, Memphis, TN 38127
  • /2

    $145,400

    • 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

    Agent Photo

    Patrice Williams-Wooten

    Keller Williams

    (901) 660-8007

    2620 Maverick Ave, Memphis, TN 38127
  • /2

    $110,250

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

    1384 Melrose Cove, Memphis, TN 38106

    Agent Photo

    Austin Hall

    Evernest Too, LLC

    (901) 660-3947

    1384 Melrose Cove, Memphis, TN 38106
  • /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

    (901) 668-8558

    1456 Orr St, Memphis, TN 38108
  • /2

    $105,000

    • 3 Beds
    • 2 Baths
    • 1,008 Sq Ft

    1541 Patton St, Memphis, TN 38106

    This home has been renovated and is move in ready! This would make a nice first time buyer home. Three bedrooms and two bathrooms.

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 669-3692

    1541 Patton St, Memphis, TN 38106
  • /2

    $120,400

    • 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

    Agent Photo

    Patrice Williams-Wooten

    Keller Williams

    (901) 657-6692

    4485 Beacon Hill Dr, Memphis, TN 38127
  • /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
  • /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
  • /16

    $149,977

    • Land
    • 2.95 Acres
    • $50,840 per Acre

    5259 Stage Rd, Memphis, TN 38134

    PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross

    Jason Miller eXp Realty, LLC

    5259 Stage Rd, Memphis, TN 38134
  • /5

    $100,000

    • Land
    • 1.03 Acres
    • $97,087 per Acre

    987 S Weaver Rd, Memphis, TN 38109

    This lot is sold with 4 other lots for a total of 5+ acres 0 Little Weaver LN, 0 Mitchell Rd, 0 Little Weaver Rd, 927 Little Weaver LN

    Gabrielle Rowe eXp Realty, LLC

    987 S Weaver Rd, Memphis, TN 38109
  • /26

    $189,900

    • Land
    • 27.73 Acres
    • $6,848 per Acre

    0 Horn Lake Rd Unit 25756508, Memphis, TN 38109

    Memphis, TN, Shelby Co., 27 +/- acres, $189,900! Beautiful wooded acreage on Horne Lake Road! Preserved by a conservation easement! Perfect natural estate to build your dream home! Call or email Mike Newsome for details.

    Mike Newsome U S Land & Farms, LLC

    0 Horn Lake Rd Unit 25756508, Memphis, TN 38109
  • /12

    $199,900

    • 3 Beds
    • 2 Baths
    • 1,483 Sq Ft

    1932 E Alcy Rd, Memphis, TN 38114

    This Home has new paint inside and out. new light fixtures throughout. New Flooring throughout. Well manicured landscaping. New countertops, plumbing fixtures, window treatment(blinds). An upscale backyard fence surrounding the back yard, with a large storage.also located in a settled nice and quiet area.

    Markey Granberry C21 Patterson & Assoc. Real Es

    1932 E Alcy Rd, Memphis, TN 38114
  • /16

    $193,500

    • 3 Beds
    • 1 Bath
    • 969 Sq Ft

    1570 Dearing Rd, Memphis, TN 38117

    Significantly Improved Price! Welcome home! This adorable ranch style home is ready for a new owner. Completely renovated top to bottom in 2018, this home stands out with beautiful hardwood floors throughout, renovated kitchen and bath with stone tops, 7 year old roof and hvac, 1 year old hot water, a 1 car carport, and a large fenced backyard with storage shed and newly poured patio. This home

    Joshua Cooper Sowell, Realtors

    1570 Dearing Rd, Memphis, TN 38117
  • /21

    $100,000

    • 2 Beds
    • 1 Bath
    • 1,204 Sq Ft

    3391 Rockwood Ave, Memphis, TN 38122

    Investor Opportunity – Rental-Ready Value-Add Property Attention investors and portfolio builders — this property presents a strong opportunity for steady rental income and long-term portfolio growth. Featuring a spacious layout with multiple bedrooms, defined living and dining areas, and generous natural light throughout, the home offers the functionality tenants consistently seek. Several

    Cristian Amparan The Home Partners Realty

    3391 Rockwood Ave, Memphis, TN 38122
  • /35

    $190,000

    • 2 Beds
    • 2 Baths
    • 913 Sq Ft

    10 N Main St Unit 10C, Memphis, TN 38103

    TOP FLOOR condo overlooking The River, Bridge, Court Square Park and Main Street. Views of the River and M Bridge from all rooms! Updated Kitchen and Baths. Primary Bath has Whirlpool Tub and 2nd Bedroom Bath has a large shower. This condo has tons of natural light. The rooftop deck has 2 levels and is just up one flight of stairs from this 10th floor unit, views in all directions, great M Bridge

    Chris Garland Crye-Leike, Inc., REALTORS

    10 N Main St Unit 10C, Memphis, TN 38103
  • /4

    $118,000

    • 4 Beds
    • 1.5 Baths
    • 1,600+ Sq Ft

    2249 Stephanie Ave, Memphis, TN 38127

    Great investor property. Renovated with tenant. New Floors, New Paint, Updated Fixtures. Rent amount $1,346.00.

    Jeremy Moore C21 Patterson & Assoc. Real Es

    2249 Stephanie Ave, Memphis, TN 38127
  • /11

    $107,500

    • 2 Beds
    • 1 Bath
    • 894 Sq Ft

    3393 Carrington Rd, Memphis, TN 38111

    Investor friendly home! Or first time homebuyer! Fully remodeled with brand new roof, windows, bathroom, kitchen, and appliances. Currently occupied but will be vacant at closing! Market rent $1200/mo! Do not disturb tenant. Showing after accepted offer only. 1 year home warranty offered!

    Alden Dixon Grant & Co., REALTORS

    3393 Carrington Rd, Memphis, TN 38111
  • /28

    $154,750

    • 3 Beds
    • 2.5 Baths
    • 1,750 Sq Ft

    3404 Wetherburns Cir Unit 1, Memphis, TN 38134

    Welcome to a wonderful opportunity within the Bartlett City Schools boundaries! This property has been extensively remodeled since last occupied and is ready to become your dream home or rental investment property. Enjoy the many all-new upgrades including cabinets, granite counters, appliances, flooring, and durable, energy-efficient dual-paned vinyl windows. Modern light fixtures, fans,

    Michael Bialowitz River City Land Co., LLC

    3404 Wetherburns Cir Unit 1, Memphis, TN 38134
  • /14

    $175,000 New Construction

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

    3703 Parfet Cove, Memphis, TN 38128

    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

    3703 Parfet Cove, Memphis, TN 38128
  • /2

    $115,000

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

    404 Stoneham Rd, Memphis, TN 38109

    Welcome to 404 Stoneham. This 3 bed 1 bath home features a tile floor in the bathroom and LVP flooring in the kitchen. Lighting fixtures, lighting packages, new hardware on kitchen, new vent hood, cabinets cozy and spacious living room, large front and backyard, and many more features! TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Currently leased

    James Wachob Foundation Property Management

    404 Stoneham Rd, Memphis, TN 38109
  • /10

    $115,000

    • 3 Beds
    • 1 Bath
    • 1,229 Sq Ft

    3693 Windermere Rd, Memphis, TN 38128

    Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $975 per month and is on a lease from 4/01/2025 until 03/31/2026. This property was newly renovated in 2019 and a new furnace and central A/C were installed at that time. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No

    Mark Hart Reedy & Company, REALTORS

    3693 Windermere Rd, Memphis, TN 38128
  • /40

    $135,000

    • 1 Bed
    • 1 Bath
    • 800+ Sq Ft

    4777 Audubon View Cir Unit 1, Memphis, TN 38117

    Rare First Floor Flat in sought after Audubon Square! Wonderful East Memphis Gated Community! Audubon Square offers it all; 3 Pools - 2 Tennis Courts & a Beautiful Clubhouse with wonderful amenities for entertaining! This one bedroom, one bathroom unit is on the Ground level close to it's assigned covered parking spot. Inside find luxury vinyl plank flooring throughout. A Cozy wood-burning

    Chuck House Keller Williams

    4777 Audubon View Cir Unit 1, Memphis, TN 38117
  • /7

    $120,000

    • 3 Beds
    • 1 Bath
    • 918 Sq Ft

    4265 Lisa Cove, Memphis, TN 38127

    13% gross R.O.I- 3BR/1Bath fully Rehabbed home with Warranty. New tenant at $1250 per month. New Roof, HVAC, furnace, New Kitchen, Bathroom, Flooring, Lighting, and Hardware. Do not disturb tenant. Do not miss out on this great cash-flowing home!

    Brett Bernard The Stamps Real Estate Company

    4265 Lisa Cove, Memphis, TN 38127
  • /11

    $115,000

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

    990 N Avalon St, Memphis, TN 38107

    Tenant occupied. Do not approach or disturb tenant. No showings until offer has been accepted. Part of portfolio - see attached docs for full list. Current rent: $1135.

    Michael Bryan Bryan Realty Group

    990 N Avalon St, Memphis, TN 38107
  • /2

    $149,900

    • 4 Beds
    • 4 Baths

    3394 Dungreen St, Memphis, TN 38118

    Leases are in place in this professionally managed duplex in Parkway Village offering immediate cash flow from day one. Features two spacious two-story units, each with 2 bedrooms and 1.5 baths, currently generating $1,590/month gross. Both units rented below market at $795 each, creating built-in upside for the value-add investor. A rare combination of turnkey stability and rent growth potential

    Caleb Parr Renshaw Company, REALTORS

    3394 Dungreen St, Memphis, TN 38118
  • /32

    $175,000

    • 2 Beds
    • 1 Bath
    • 1,360 Sq Ft

    1576 Tutwiler Ave, Memphis, TN 38107

    Charming Midtown bungalow in the Vollintine-Evergreen Historic District! This 2BR gem features hardwood floors, spacious rooms, and a cozy butler’s pantry or office with original wood paneling & built-ins. Enjoy central heat with newer window units for cooling, a separate laundry room, and a large fenced backyard perfect for pets or entertaining. Updated kitchen appliances and ample storage

    Aubrey Tilson Crye-Leike, Inc., REALTORS

    1576 Tutwiler Ave, Memphis, TN 38107
  • /20

    $125,000

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

    423 Laclede Ave, Memphis, TN 38126

    Great Investment Opportunity! This 4 bedroom, 2 bathroom home offers solid potential for a rental portfolio or a profitable flip. Featuring a functional layout with a comfortable living area and well-sized bedrooms. This property is ready for your personal touches. Whether you’re looking to renovate or hold as a long-term rental, the possibilities are endless. Conveniently located near local

    Jeff Goff Keller Williams

    423 Laclede Ave, Memphis, TN 38126
  • /8

    $130,000

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    1318 Breedlove St, Memphis, TN 38107

    Sold with Land Parcels 040004 00001 an 040007 00007 Contact the Listing agent to view.

    Jackie Braden Braden, Braden & Braden LLC

    1318 Breedlove St, Memphis, TN 38107
  • /31

    $180,000

    • 3 Beds
    • 2 Baths
    • 1,092 Sq Ft

    1519 S White Station Rd, Memphis, TN 38117

    Fresh 3/2 in the heart of Colonial Acres. The tenants have vacated giving you a great blank canvas to make your own. Inside, you’ll find a smooth, functional layout with 2022 flooring throughout and an updated kitchen from 2022 with good storage and easy flow to the dining and living spaces. The natural light throughout makes the home feel open and comfortable. The lot is level with mature trees

    Amanda Lott BHHS McLemore & Co., Realty

    1519 S White Station Rd, Memphis, TN 38117
  • /32

    $114,000

    • 3 Beds
    • 1.5 Baths
    • 1,278 Sq Ft

    4566 Weaver Rd, Memphis, TN 38109

    Located in the Westwood Downs subdivision, this 3-bedroom, 1.5-bathroom traditional ranch-style home features 1,278 sq. ft. of living space. Built in 1961, the interior includes a separate living room, a spacious kitchen with a breakfast area, a separate den and an 11x11 laundry room. The flooring consists of a combination of tile and carpeting. Exterior features include a brick veneer finish,

    Alexis Martz Trelora Realty

    4566 Weaver Rd, Memphis, TN 38109
  • /18

    $195,000

    • 3 Beds
    • 1 Bath
    • 1,393 Sq Ft

    4584 E Dearing Rd, Memphis, TN 38117

    Fully renovated 3BR/1BA home in East Memphis! Move-in ready with updated kitchen, fresh finishes, and great natural light. Property includes a wired, fully equipped workspace/shed—perfect for storage, hobbies, or office use. Conveniently located near Audubon Park and shopping/dining in the Poplar/Perkins corridor. Strong rental potential with area comps up to $1,500/month. Ideal for investors or

    James Johnson Crestcore Realty, LLC

    4584 E Dearing Rd, Memphis, TN 38117
  • /28

    $194,995

    • 3 Beds
    • 1.5 Baths
    • 1,368 Sq Ft

    1820 W Holmes Rd, Memphis, TN 38109

    Don’t miss your opportunity to tour this beautifully updated 3-bedroom home. Step inside to find a spacious living room and cozy den, perfect for both everyday living and entertaining. The interior showcases a blend of gorgeous hardwood, tile, and terrazzo floors throughout, adding charm and character to every room. Outside, enjoy the privacy of a fully fenced backyard—ideal for relaxing evenings

    Maria Townsend Crye-Leike, Inc., REALTORS

    1820 W Holmes Rd, Memphis, TN 38109
  • /14

    $119,900

    • 3 Beds
    • 1 Bath
    • 1,006 Sq Ft

    5319 Braden Dr, Memphis, TN 38127

    INVESTORS ONLY!!! Lovely 3bed 1 bath home just rented out. This could be a great addition to your portfolio. Home was substantially repaired in 2023. Roof, A/C, and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT AN ACCEPTED

    Tyler Tapley Crye-Leike, Inc., REALTORS

    5319 Braden Dr, Memphis, TN 38127
  • /25

    $125,000

    • 2 Beds
    • 1.5 Baths
    • 1,334 Sq Ft

    6289 Kirby Downs Dr, Memphis, TN 38115

    Wonderful 2BR/1.5BA Attached Town Home~Huge Great Room w/Brick Fireplace & Ample Natural Light~Spacious Eat-In Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors~Laundry Closet and Half Bath Conveniently Located Off Kitchen~Upstairs You'll Find Two Large Bedrooms with Bathroom Between Them~Fenced-In Backyard~Seller is not interested in creative financing or seller

    Jennifer Carstensen Real Estate Agency

    6289 Kirby Downs Dr, Memphis, TN 38115

Showing Results 161 - 200, Page 5 of 18

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