Memphis, TN Homes for Sale under $200,000

• 

  

  /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.

  

  Caleb Hall

  Keller Williams

  (901) 582-6268

  4120 Hemingway Ave, Memphis, TN 38128
• 

  

  /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.

  

  Caleb Hall

  Keller Williams

  (901) 673-8292

  2270 Devoy Ave, Memphis, TN 38108
• 

  

  /2

  $167,580

  • 3 Beds
  • 1 Bath
  • 1,027 Sq Ft

  943 Waring Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $950 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 705-0446

  943 Waring Rd, Memphis, TN 38122
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  /5

  $100,000

  • Land
  • 5 Acres
  • $20,000 per Acre

  987 S Weaver Rd, Memphis, TN 38109

  5 lots for a total of 5+ acres 987 Weaver Rd, 0 Little Weaver LN, 0 Mitchell Rd, 0 Little Weaver Rd, 927 Little Weaver LN

  

  Jason Miller

  eXp Realty

  (901) 582-6256

  987 S Weaver Rd, Memphis, TN 38109
• 

  

  /2

  $100,000

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3553 Randolph St, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 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

  

  Caleb Hall

  Keller Williams

  (901) 763-6496

  3553 Randolph St, Memphis, TN 38127
• 

  /2

  $166,250

  • 3 Beds
  • 1.5 Baths
  • 1,377 Sq Ft

  848 N Highland St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $780 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-1666

  848 N Highland St, Memphis, TN 38122
• 

  

  /23

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,205 Sq Ft

  4575 Buffer Dr, Memphis, TN 38128

  Welcome home. This cozy 3 bed, 2 bath home is an awesome investment property The living room features high vaulted ceilings with a fireplace as the center piece, and has access to the covered patio. It features central heating and air, plus ceiling fans in each room, LVP flooring throughout, updated bathrooms, a pantry in the kitchen, a breakfast bar, and a nice sized shed in the fenced in back

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 660-9808

  4575 Buffer Dr, Memphis, TN 38128
• 

  

  /29

  $155,000

  $3K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,104 Sq Ft

  5328 Clinchport Cir, Memphis, TN 38127

  MHFA RENTAL AT $1575 per month!! 1% CASH FLOW- ONE YEAR BUILDER WARRANTY, Tenant in annual lease 4 BR 2 Bath home fully renovated in super-hot and growing rental market! New roof, exterior paint, new floors, bathrooms, and kitchen- LVP, tile and carpet- new condenser, furnace, hot water heater, lighting, and fixtures. No owner finance or wholesalers. contact Alissa for showing!

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 499-3761

  5328 Clinchport Cir, Memphis, TN 38127
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  /2

  $178,220

  • 4 Beds
  • 1 Bath
  • 1,504 Sq Ft

  3319 Given Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,175 with a lease expiration of 01/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-2635

  3319 Given Ave, Memphis, TN 38122
• 

  /2

  $166,250

  • 3 Beds
  • 1 Bath
  • 1,172 Sq Ft

  4058 Ward Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $825 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 621-5452

  4058 Ward Ave, Memphis, TN 38108
• 

  /2

  $171,570

  • 1 Bath
  • 1,155 Sq Ft

  3410 Tutwiler Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 665-2511

  3410 Tutwiler Ave, Memphis, TN 38122
• 

  /2

  $198,170

  • 4 Beds
  • 2 Baths
  • 1,548 Sq Ft

  3685 Vivia Ave, Memphis, TN 38122

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

  

  Caleb Hall

  Keller Williams

  (901) 673-8753

  3685 Vivia Ave, Memphis, TN 38122
• 

  /2

  $179,550

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

  2534 Selman Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $1,150 with a lease expiration of 07/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 245-0931

  2534 Selman Ave, Memphis, TN 38112
• 

  /2

  $104,000

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3633 Early St, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 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 8/30/25

  

  Caleb Hall

  Keller Williams

  (901) 617-7953

  3633 Early St, Memphis, TN 38127
• 

  /2

  $115,710

  • 2 Beds
  • 1 Bath
  • 827 Sq Ft

  3323 Farmville Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $775 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 627-3812

  3323 Farmville Rd, Memphis, TN 38122
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  /9

  $100,000

  • 3 Beds
  • 1 Bath
  • 1,024 Sq Ft

  3421 Piney Woods Ave, Memphis, TN 38118

  3 bedroom 1 bath home in East Whitehaven Park being sold as-is. 10 min from the Memphis internation Airport and FedEx. 15 min from Graceland. Solid bones, needs TLC.

  

  Jason Miller

  eXp Realty, LLC

  (901) 668-6751

  3421 Piney Woods Ave, Memphis, TN 38118
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  /2

  $178,220

  • 2 Beds
  • 1 Bath
  • 766 Sq Ft

  3997 Truman Ave, Memphis, TN 38108

  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

  (901) 675-6055

  3997 Truman Ave, Memphis, TN 38108
• 

  /2

  $171,570

  • 3 Beds
  • 1 Bath
  • 2,000 Sq Ft

  2050 Tant Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 3/31/26. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-4206

  2050 Tant Rd, Memphis, TN 38128
• 

  /2

  $162,260

  • 2 Beds
  • 1.5 Baths
  • 1,263 Sq Ft

  3408 Powell Ave, Memphis, TN 38122

  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

  (901) 403-8746

  3408 Powell Ave, Memphis, TN 38122
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  /11

  $199,900

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,204 Sq Ft

  2584 Tutwiler Ave, Memphis, TN 38112

  Brand new home in an established area. New construction & exceptional value under $200K. Open and airy new construction with lots of light & modern touches. Perfect starter home for a family. Just minutes from Broad Street, Memphis Zoo & Rhodes College, you will be close to shopping, restaurants, parks, schools, and everything the city has to offer. This 3BR/2BA home has beautiful features such

  

  Anna Thomas

  Keller Williams

  (901) 587-8533

  2584 Tutwiler Ave, Memphis, TN 38112
• 

  

  /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

  

  Tammy Taylor

  KAIZEN Realty, LLC

  (901) 676-6721

  351 Edith Ave, Memphis, TN 38126
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  /3

  $199,955

  New Construction $30K PRICE DROP

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

  1067 Shaw Place, Memphis, TN 38126

  Welcome to Shaw Place Development—a new residential community in South Memphis . Located directly across from LeMoyne-Owen College and just minutes from the Stax Museum and The Soulsville Charter School, this community blends affordable luxury with modern elegance. Whether you're a first-time homebuyer or looking to downsize without compromising style, Shaw Place offers the perfect blend of

  

  Charlene Bailey

  Bespoke Realty

  (901) 910-1238

  1067 Shaw Place, Memphis, TN 38126
• 

  

  /21

  $199,955

  New Construction $30K PRICE DROP

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

  1055 Shaw Place, Memphis, TN 38126

  Qualified buyers may receive up to $25,000 in assistance with approved lenders and programs. Great opportunity for buyers seeking affordability with support. These homes feature 10 ft ceilings throughout, 1400–1600 sq ft of well-designed living space, durable tile flooring, stainless steel appliances, kitchen islands with pendant lighting, energy-efficient windows and doors, and concrete

  

  Charlene Bailey

  Bespoke Realty

  (901) 883-5210

  1055 Shaw Place, Memphis, TN 38126
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  /35

  $169,900

  $20K PRICE DROP

  • 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
• 

  

  /16

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,777 Sq Ft

  5360 Haleville Rd, Memphis, TN 38116

  Well-maintained single-story brick home in Eason Hills. This 3-bedroom, 2-bathroom residence features over 1,700 sq. ft. of living space, including a massive living room and functional dining area. Highlights include updated flooring and counters, a private primary suite, and a large, level, fenced-in backyard. Includes a 1-car carport and extra parking pad. Near Whitehaven schools and amenities.

  Alexis Martz Trelora Realty

  5360 Haleville Rd, Memphis, TN 38116
• 

  

  /40

  $152,000

  • 4 Beds
  • 3 Baths
  • 1,825 Sq Ft

  2688 Browning Ave, Memphis, TN 38114

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Welcome to 2688 Browning Ave! This charming 4-bedroom, 3-bath traditional home offers a polished and versatile layout! Step inside to a freshly painted interior featuring two bedrooms on the main level for added convenience. The inviting living area is highlighted by a cozy brick fireplace and new windows that fill the home with natural

  James Wachob Foundation Property Management

  2688 Browning Ave, Memphis, TN 38114
• 

  

  /31

  $160,000

  $5K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,622 Sq Ft

  3132 Carnes Ave, Memphis, TN 38111

  Come see this 3-bed 2-bath home at 3132 Carnes Ave with great curb appeal, hardwood-style flooring, multiple living areas, a separate dining room, and a functional kitchen with white cabinetry, granite countertops, and tile backsplash. This home offers plenty of flexible space, including an upstairs beedroom with skylight and built-in storage that works well as an office, media room, playroom, or

  Kenneth Williams Bluff City Realty Group, LLC

  3132 Carnes Ave, Memphis, TN 38111
• 

  /2

  $189,900

  • 3 Beds
  • 2.5 Baths
  • 1,900 Sq Ft

  427 S Perkins Rd Unit 427-2, Memphis, TN 38117

  Stunning Move-In-Ready-flat in East Memphis!! Welcome to this lovely, spacious three bedroom, two-and-a-half-bedroomflat located in a beautiful gated community in th heart of East Memphis. This corner unit offers SAFETY AND SERENITY, freshly painted and new roof. Enjoy the convenience of nearby shopping, grocery stores and restaurants, along with access to a gorgeous pool. The home comes equipped

  Mikki Duffey Crye-Leike, Inc., REALTORS

  427 S Perkins Rd Unit 427-2, Memphis, TN 38117
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  /40

  $175,000

  • 2 Beds
  • 2 Baths
  • 1,141 Sq Ft

  840 Woodlawn St, Memphis, TN 38107

  Charming 2 bedroom, 2 bath home in sought after Uptown just minutes from all the dining, entertainment and attractions of downtown Memphis. Built in 2007, this adorable home offers smooth ceilings, fresh paint and flooring less than 4 years old. The updated kitchen features an oversized quartz counter perfect for cooking or gathering, pretty backsplash, newer stove and abundant storage with added

  Amanda Lott BHHS McLemore & Co., Realty

  840 Woodlawn St, Memphis, TN 38107
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  /8

  $136,000

  • 3 Beds
  • 1 Bath
  • 1,034 Sq Ft

  3399 Beech Grove Rd, Memphis, TN 38118

  INVESTORS ONLY! Turnkey, tenant-occupied property generating $1,050/month with lease secured through 10/31/2026. Tenant has occupied the property since October 2024, with automatic lease renewal unless either party provides notice to terminate. Fully renovated in summer 2023, including new roof, HVAC, water heater, updated plumbing and electrical, and cosmetic upgrades. Professionally

  Jeremy Veldman KAIZEN Realty, LLC

  3399 Beech Grove Rd, Memphis, TN 38118
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  /10

  $139,000

  $11K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,066 Sq Ft

  1366 Austin St, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat the 1% rule! Updated 4-bedroom, 1-bath home recently vacated. Previously rented with a Section 8 tenant, this property presents a great opportunity for investors looking to place a new tenant and generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Recent updates add value and

  Angelita Parham KAIZEN Realty, LLC

  1366 Austin St, Memphis, TN 38108
• 

  

  /29

  $139,900

  $41K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,945 Sq Ft

  1763 Edward Ave, Memphis, TN 38107

  Investment Opportunity!!! Owner needs a QUICK sale! This 3-bedroom, 2-bath home is being sold "AS-IS" Features 2 private driveways and located near Snowden School/Vollentine Elementary, Grandview Heights Middle, and Manassas High School. The surrounding area is seeing exciting renovations and growth—don’t miss your chance to invest!

  Raven Henderson KAIZEN Realty, LLC

  1763 Edward Ave, Memphis, TN 38107
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  /4

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,487 Sq Ft

  3332 Clearbrook St, Memphis, TN 38118

  Move-in ready 3-bed, 2-bath ranch in Parkway Village. Features a spacious living room, formal dining, and cozy den with a fireplace. Highlights include original hardwoods and a large level lot. Includes a 2-car attached carport with storage. Convenient to schools and transit. Great for first-time buyers or investors.

  Alexis Martz Trelora Realty

  3332 Clearbrook St, Memphis, TN 38118
• 

  

  /17

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  1563 Railton Rd, Memphis, TN 38111

  Wonderful & Charming 3BR/2BA Home. Huge Primary Bedroom & Ample Natural Light Throughout. Spacious Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors Throughout. Move-In Ready w/Thoughtful Updates Throughout. Renovated bathrooms. Inviting Large Living Room w/Abundant Light & Spacious Dining Room Perfect for Entertaining. Ideally Located Just Minutes from The University of

  Frank Newson BEST Real Estate Company

  1563 Railton Rd, Memphis, TN 38111
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  /2

  $140,000

  $35K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,405 Sq Ft

  3540 Marion Ave, Memphis, TN 38111

  30k price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! Property is currently rented for $1375/mo. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
• 

  

  /16

  $146,900

  • 4 Beds
  • 1 Bath
  • 1,540 Sq Ft

  808 Mohawk Ave, Memphis, TN 38109

  This property is currently tenant occupied, please do not disturb the tenant! The property has undergone a recent renovation in 20205. New HVAC (2025), new furnace (2025), roof is in good condition, hot water heater is 2019, and renovated kitchen and bathroom.

  Lauren McNary Marathon REALTORS, LLC

  808 Mohawk Ave, Memphis, TN 38109
• 

  

  /25

  $144,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,599 Sq Ft

  2405 Forest Ave, Memphis, TN 38112

  Charm and character abound throughout this Classic Midtown home where traditional meets Bungalow. The open floor plan is accentuated by tall ceilings, beautiful mill work and gleaming hardwood floors. Home features 3 bedrooms, 1 bath, gracious living spaces, a large updated kitchen with butler's panty, spacious laundry/mudroom, and office. The chef's kitchen provides a gas range, pantry, and

  Jordan Schieffler Ware Jones, REALTORS

  2405 Forest Ave, Memphis, TN 38112
• 

  

  /21

  $148,000

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

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2026. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
• 

  

  /23

  $139,500

  • 3 Beds
  • 1 Bath
  • 1,441 Sq Ft

  3219 Nathan Ave, Memphis, TN 38112

  Great home in great location! This property was fully rehabbed in 2023 and these pictures are from the most recent rent ready. This property is currently rented for $1,395 and is cash flowing from day 1. This is priced at the 1% rent to price and will be an excellent addition for the savvy investor and also equity locked in at purchase. No showings without accepted offer and please do not disturb

  Stephen Akindona Kairos Realty

  3219 Nathan Ave, Memphis, TN 38112
• 

  

  /23

  $140,000

  $10K PRICE DROP Pre-Foreclosure

  • 3 Beds
  • 2 Baths
  • 1,838 Sq Ft

  1418 Tutwiler Ave, Memphis, TN 38107

  Great Investment opportunity near Crosstown. This home has lots of potential, just needs a little TLC. Property being sold as-is

  Amanda Kirkman KAIZEN Realty, LLC

  1418 Tutwiler Ave, Memphis, TN 38107

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