Memphis, TN Homes for Sale under $200,000

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  /2

  $176,890

  • 2 Beds
  • 2 Baths
  • 1,320 Sq Ft

  3051 Park Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $1,200 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

  3051 Park Ave, Memphis, TN 38111
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  /14

  $130,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  3736 W Donna Dr, Memphis, TN 37127

  Welcome home to this charming four bedroom two bath home with a unique floor plan and huge fenced in back yard for entertaining. Primary bedroom with a private bath, one bath in hallway. Home has been renovated and has a section 8 tenant. Income producing!!

  

  Leaser Coleman

  Empire Realty, LLC

  3736 W Donna Dr, Memphis, TN 37127
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  /33

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,547 Sq Ft

  2277 Union Ave Unit 103, Memphis, TN 38104

  Don’t miss this rare opportunity for one of the largest units available in this midtown condo community! With 3 bedrooms (or 2 bedrooms plus office) this first floor condo has its own in-unit laundry. This home is updated, well maintained, and move-in-ready! Enjoy getting to know your neighbors at the pool or in the community lobby. General parking included plus covered parking available for a

  

  Julianne Carney

  Keller Williams

  2277 Union Ave Unit 103, Memphis, TN 38104
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  /2

  $143,640

  • 3 Beds
  • 1 Bath
  • 1,119 Sq Ft

  3803 Rhodes Ave, Memphis, TN 38111

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

  

  Caleb Hall

  Keller Williams

  3803 Rhodes Ave, Memphis, TN 38111
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  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,018 Sq Ft

  4123 Ronnie Rd, Memphis, TN 38128

  Renovated rental property with an active lease in place. Currently leased at $975 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

  4123 Ronnie Rd, Memphis, TN 38128
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  /34

  $159,900

  $19K PRICE DROP

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

  4265 Tutwiler Ave, Memphis, TN 38122

  Charming 1955 bungalow located at 4265 Tutwiler featuring timeless character and incredible living space throughout. This home offers beautiful hardwood floors in the family room, formal dining room, living room, and both bedrooms. The spacious living room is filled with natural light and accented with stunning built-in bookcases, creating the perfect blend of warmth and functionality. The

  

  Chasity Blackburn

  Blackburn & Co

  4265 Tutwiler Ave, Memphis, TN 38122
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  /2

  $184,870

  • 2 Beds
  • 2 Baths
  • 1,353 Sq Ft

  1033 N Highland 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.

  

  Caleb Hall

  Keller Williams

  1033 N Highland St, Memphis, TN 38122
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  /2

  $140,980

  • 3 Beds
  • 2 Baths
  • 1,040 Sq Ft

  1755 Atlas St, 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.

  

  Caleb Hall

  Keller Williams

  1755 Atlas St, Memphis, TN 38108
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  /7

  $159,000

  • 3 Beds
  • 1.5 Baths
  • 1,078 Sq Ft

  5115 Aureen Dr, Memphis, TN 38109

  ?? Investment Opportunity – 5115 Aureen, Memphis, TN Looking to add a cash-flowing property to your portfolio? This tenant-occupied investment property at 5115 Aureen, Memphis, TN is available for $159,000 and currently rents for $1,350 per month, providing immediate income from day one. ? Current Rent: $1,350/month ? Purchase Price: $159,000 ? Tenant Occupied – Start collecting rent at closing ?

  

  Austin Hall

  Evernest Too, LLC

  5115 Aureen Dr, Memphis, TN 38109
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  /2

  $6,000

  $2K PRICE DROP

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

  268 W Mckellar Ave, Memphis, TN 38109

  

  Tonya McDowell

  The Stamps Real Estate Company

  268 W Mckellar Ave, Memphis, TN 38109
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  /2

  $144,000

  • 2 Beds
  • 1 Bath
  • 1,244 Sq Ft

  3358 Coleman Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $800 a month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  3358 Coleman Ave, Memphis, TN 38122
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  /2

  $129,000

  $24K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 696 Sq Ft

  1799 Walter St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $850 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  1799 Walter St, Memphis, TN 38108
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  /33

  $164,900

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,515 Sq Ft

  1811 Wells Station Rd, Memphis, TN 38108

  WOW! NEW Beautiful Updates/Rehab(over 27K) & 100% Tenant Occupied($1850 Combined Rent w/Current Leases till 3/31/2027! Incredible "TurnKey" Memphis Corner Lot that Feels like a "Duplex"-Main Home 3Bedrm/1Bath) with Fabulous "Private" Guest Apt-Updated 1BR,1BA +Den & Kit! No Showings/Inspections till Agreed Contract in place. A lot of NEW here! Main Home: GRANITE Kit Countertops, Dbl-Stainless

  

  C. Lauren Jones

  Crye-Leike, Inc., REALTORS

  1811 Wells Station Rd, Memphis, TN 38108
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  /2

  $155,610

  • 3 Beds
  • 1 Bath
  • 1,053 Sq Ft

  1664 Helsley Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $925 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

  1664 Helsley Rd, Memphis, TN 38108
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  /11

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,165 Sq Ft

  194 E Biscayne Rd, Memphis, TN 38109

  Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential

  

  Alissa Anderson

  KAIZEN Realty, LLC

  194 E Biscayne Rd, Memphis, TN 38109
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  /26

  $52,000

  $6K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 962 Sq Ft

  2397 Shasta Ave, Memphis, TN 38108

  This property is being SOLD AS IS. Great Property with Good Bones and Perfect for Invest Property is rented for or, Cash Flowing; $850 per month. Property was built as a Duplex and could be converted at some point. Property is rented. ***DO NOT DISTURB TENANT*** A Soft rehab was done when the Seller Purchased it. No Wholesalers, No Seller Financing and No Creative Financing. *** CASH Offers Only,

  

  Tara Woodley

  Zach Taylor Real Estate

  2397 Shasta Ave, Memphis, TN 38108
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  /2

  $113,050

  • 2 Beds
  • 1 Bath
  • 997 Sq Ft

  1009 Hudson St, Memphis, TN 38112

  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.

  

  Caleb Hall

  Keller Williams

  1009 Hudson St, Memphis, TN 38112
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  /24

  $170,000

  • 4 Beds
  • 1 Bath
  • 1,094 Sq Ft

  1008 S Willett St, Memphis, TN 38114

  Don't miss out on this updated/renovated 4 bedroom, 1 bath home. Featuring fresh paint inside and out, a completely new kitchen and bathroom, along with LVP throughout, this home is move-in ready and waiting on you. Centrally located, it has fast access to the interstate, Central Gardens, Midtown, Cooper-Young, and Glenview areas, with Downtown only a few more minutes away. Whether you're looking

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  1008 S Willett St, Memphis, TN 38114
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  /31

  $155,000

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

  5052 Blacksmith Dr, Memphis, TN 38127

  MHFA RENTAL AT $1500!! ONE YEAR BUILDER WARRANTY, Rate buy down with DSCR loan. 4 BR 1.5 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. This home will be a great addition to your portfolio

  

  Alissa Anderson

  KAIZEN Realty, LLC

  5052 Blacksmith Dr, Memphis, TN 38127
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  /12

  $100,000

  • 4 Beds
  • 1.5 Baths
  • 1,138 Sq Ft

  1001 Canary Ln, Memphis, TN 38109

  Forget the "fixer-upper" nightmares—this is a Fresh Start. Once a disaster zone, this property has been stripped of the junk and prepped for a total transformation. We’ve cleared the canvas so you can paint the profit. The Heavy Lifting is Done: New Roof & Eaves: Recently replaced to seal the envelope and protect your investment. Clean Slate: All broken appliances, rotted cabinets, and old

  

  Jason Miller

  eXp Realty, LLC

  1001 Canary Ln, Memphis, TN 38109
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  /2

  $158,270

  • 4 Beds
  • 2 Baths
  • 1,779 Sq Ft

  3045 Allison Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $650 & $675 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  3045 Allison Ave, Memphis, TN 38112
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  /2

  $55,000

  • 2 Beds
  • 1 Bath

  2001 Belmar St, Memphis, TN 38106

  Great for investors. Roof is under 2 years of age. Property vacant so just go and show.

  

  Nicole Sykes

  The Home Partners Realty

  2001 Belmar St, Memphis, TN 38106
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  /2

  $176,890

  • 2 Beds
  • 1 Bath
  • 1,315 Sq Ft

  3604 Coleman Ave, Memphis, TN 38122

  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.

  

  Caleb Hall

  Keller Williams

  3604 Coleman Ave, Memphis, TN 38122
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  /4

  $25,000

  • Land
  • 1.93 Acres
  • $12,953 per Acre

  1307 W Raines Rd, Memphis, TN 38109

  Take a look at this parcel of land the possibilities are unlimited build your dream home or build multiple homes your choice drive by and take a look and start planning. Need a builder let me know. Drive by.

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  1307 W Raines Rd, Memphis, TN 38109
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  /6

  $90,000

  $5K PRICE DROP

  • Land
  • 2,613 Sq Ft
  • $1,500,000 per Acre

  1394 Club Gardens Place, Memphis, TN 38104

  Recently developed Luxury Gated Townhome Community located in the heart of Midtown Memphis. Lots 1 and 2 are sold together listed at $90,000 each and selling for a total Sales Price of $180,000.00. Street Addresses are 1394 Club Gardens for LOT 1 and 1396 Club Gardens for LOT 2. Subdivision Restrictions require the homes on Lot 1 and Lot 2 to be constructed at the same time. See Plans attached in

  

  Skip Miller

  Morris Realty & Auction, LLC

  1394 Club Gardens Place, Memphis, TN 38104
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  /25

  $134,999

  $4K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,088 Sq Ft

  5720 Quince Rd Unit 4, Memphis, TN 38119

  Step into this bright and inviting 2-bedroom, 1.5-bath condo in Yorkshire Gardens and feel right at home. Thoughtfully updated and tastefully decorated, this East Memphis home blends modern comfort with effortless living. You'll love the cozy stained concrete floors downstairs and engineered plank upstairs — completely carpet-free. Both bedrooms upstairs w/ refreshed bath new fixtures/vanity. The

  

  Todd Adams

  Keller Williams

  5720 Quince Rd Unit 4, Memphis, TN 38119
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  /21

  $93,500

  $16K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 808 Sq Ft

  2415 W End Row Unit A5, Cordova, TN 38016

  Tucked into the wooded charm of Countrywood, Loft style living offers the perfect blend of comfort and convenience! Enjoy a cute private patio—ideal for morning coffee or winding down in the evenings—surrounded by a peaceful, tree-lined setting. Inside, you’ll find fresh paint throughout, along with updated railing and a new security door that add both style and peace of mind. Stackable W/D

  

  Chasity Blackburn

  Blackburn & Co

  2415 W End Row Unit A5, Cordova, TN 38016
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  /37

  $42,000

  • 3 Beds
  • 1.5 Baths
  • 1,108 Sq Ft

  2157 Wabash Ave, Memphis, TN 38114

  AS IS Sale-Calling all Investors and Flippers! This 3-bedroom, 1.5-bath home is packed with potential and located on a quiet dead-end street, offering privacy and minimal traffic. Perfect for your next renovation project or buy-and-hold investment. This property needs work but has solid upside for the right buyer. Home features One Full Bath + 1 Half Bath, located on Quiet Dead End Street, Great

  

  Tara Woodley

  Zach Taylor Real Estate

  2157 Wabash Ave, Memphis, TN 38114
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  /2

  $151,620

  • 3 Beds
  • 2 Baths
  • 1,516 Sq Ft

  1669 Villa 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.

  

  Caleb Hall

  Keller Williams

  1669 Villa Rd, Memphis, TN 38108
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  /2

  $172,900

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

  4082 Rhodes Ave, Memphis, TN 38111

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

  

  Caleb Hall

  Keller Williams

  4082 Rhodes Ave, Memphis, TN 38111
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  /3

  $145,000

  • Land

  8599 Geiberger Dr, Memphis, TN 38016

  *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

  

  Anna Thomas

  Keller Williams

  8599 Geiberger Dr, Memphis, TN 38016
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  /2

  $174,230

  • 3 Beds
  • 1 Bath
  • 1,226 Sq Ft

  1006 Gordon St, 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

  1006 Gordon St, Memphis, TN 38122
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  /25

  $89,000

  • 1 Bed
  • 1 Bath
  • 442 Sq Ft

  109 N Main St Unit 507, Memphis, TN 38103

  Welcome to the historic Claridge House! This lovely 5th-floor studio offers charm, convenience, and incredible amenities in one of downtown's most iconic buildings. The thoughtfully designed space features an adorable kitchen, vaulted ceilings, and a Murphy bed that maximizes both comfort and functionality. Enjoy access to an indoor pool, exercise room, and an unreal rooftop deck with

  

  Chasity Blackburn

  Blackburn & Co

  109 N Main St Unit 507, Memphis, TN 38103
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  /18

  $69,900

  • 2 Beds
  • 2 Baths
  • 1,140 Sq Ft

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122

  Welcome to market 3981 Grahamdale Circle in the Grahamwood community. This low-maintence 2-bedroom, 2-bath home offers 1140 square feet of functional living space. Rentals are permitted, offering flexibility for owner-occupants or investors seeking income potential. This semi open concept floorplan features a spacious living room and dining room combo with a cozy fireplace, breakfast bar and

  

  Raychel Day

  Renshaw Company, REALTORS

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122
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  /3

  $100,000

  • 4 Beds
  • 2 Baths
  • 1,901 Sq Ft

  3562 Fuller Rd, Memphis, TN 38118

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Nice 4/2 sits on two lots currently rented for $1150/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 1023 Springdale, 1373 Semmes unit 2 & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  3562 Fuller Rd, Memphis, TN 38118
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  /2

  $152,000

  $14K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,466 Sq Ft

  1164 National St, Memphis, TN 38122

  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

  1164 National St, Memphis, TN 38122
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  /29

  $155,000

  • 1 Bed
  • 1 Bath
  • 680 Sq Ft

  109 N Main St Unit 907, Memphis, TN 38103

  The Historic Claridge House Condos if you adore downtown this one is for you totally renovated fresh paint new flooring new stove and dishwasher and a washer and dryer. A great view of the river from the roof top

  

  Frances Anderson

  Crye-Leike, Inc., REALTORS

  109 N Main St Unit 907, Memphis, TN 38103
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  /14

  $145,000

  $30K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,361 Sq Ft

  6738 Ross Ridge Dr, Memphis, TN 38141

  Charming 2 bedroom, 2 full bath, 1.5-story home that offers comfort, character, and convenience. It would make a perfect First Time Home, Great Rental Property, or a perfect fit for someone looking to downsize. Schedule your showing today!

  

  Tony Jackson

  Weichert REALTOR-SPM

  6738 Ross Ridge Dr, Memphis, TN 38141
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  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,227 Sq Ft

  1150 Biltmore St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $950 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

  1150 Biltmore St, Memphis, TN 38122
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  /6

  $137,500

  • 3 Beds
  • 1.5 Baths
  • 1,127 Sq Ft

  5207 Breckenwood Dr, Memphis, TN 38127

  All brick charmer here! Fully remodeled home ready for its' new owner! Buy it for your family or purchase as a turn key rental property. Fully remodeled 3-bedroom, 2-bathroom home in Memphis move-in ready for a new owner or primed to cash flow as a rental at $1,400/mo. At $130,000, investors are looking at a gross yield above 12%. For buyers, the seller is offering a 1-0 rate buydown to lower

  

  Alissa Anderson

  KAIZEN Realty, LLC

  5207 Breckenwood Dr, Memphis, TN 38127

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