Memphis, TN Homes under $200,000

• 

  

  

  /11

  $134,900

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

  2232 Amethyst Cove, Memphis, TN 38127

  This investment opportunity features 3 bedrooms and 1 bath. Home comes fully renovated with fresh paint throughout, new kitchen countertops, new cabinet hardware, new plumbing fixtures, central air and heat etc. Great property for an investor/renter.

  Jennifer Little KAIZEN Realty, LLC

  2232 Amethyst Cove, Memphis, TN 38127
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  /27

  $180,000

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

  1662 Old Mill Stream, Cordova, TN 38016

  Welcome home to this beautifully maintained 2-bedroom, 2.5-bath townhouse offering 1,568 square feet of comfortable living space. This home features an open floor plan with bright, neutral paint tones and a mix of LVP and ceramic tile flooring throughout. The inviting living area is centered around a stunning masonry wood-burning fireplace, perfect for cozy evenings. The spacious bedrooms

  Justin Lance Keller Williams

  1662 Old Mill Stream, Cordova, TN 38016
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  /3

  $129,900

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

  3465 Spottswood Ave, Memphis, TN 38111

  Terrific investment opportunity! Professionally managed and tenant occupied home for sale. Hard to find 3 bedroom 2 bathroom home with bonus room (at this price point). Currently rented for $950/mo with a $950 security deposit on file (rental upside since it is a 3/2 with a bonus room). Lease ends 2/28/26. Home is steps away from the University of Memphis and is a great long term hold. Values

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3465 Spottswood Ave, Memphis, TN 38111
• 

  

  

  /13

  $169,900

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

  4334 Cleopatra 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.

  Mark Hart Reedy & Company, REALTORS

  4334 Cleopatra Dr, Memphis, TN 38128
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  /12

  $115,000

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

  950 Melrose St, Memphis, TN 38114

  Grab this one before its gone. Limited renovations needed.

  Cynthia Edwards Grand Point Realty, LLC

  950 Melrose St, Memphis, TN 38114
• 

  

  /37

  $200,000

  • 3 Beds
  • 1 Bath
  • 1,600+ Sq Ft

  1198 Sledge Ave, Memphis, TN 38104

  NEW PRICE! AS IS Cash Sale! This is such a charming 3 bedroom/1 bath bungalow with wrap around porch and MILES of potential! Currently tenant occupied on a month to month lease. NEW ROOF! Exterior has been freshly painted and wood repairs made. Attic space can be finished out as a new huge master suite and has a primitive 1/2 bath upstairs. Gas cooking in the kitchen. Call today!

  Lynn da Ponte Baack Sowell, Realtors

  1198 Sledge Ave, Memphis, TN 38104
• 

  

  /23

  $140,000

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

  4381 Embassy Dr, Memphis, TN 38108

  This home has 3 bedrooms and 2 Full baths ~ Original 2 Bedroom and 1 Bath home has an additional 1 bedroom and 1 full bath ~ Fridge, Washer & Dryer Stay ~ Covered front Porch ~ Carport behind Gate ~ Step into a Large fenced backyard great for activities ~ 1 Floor ~ Original real Hardwood Floors ~ Located close to everything, Shopping, Restaurants, and Entertainment ~

  Brahim Lamghari Crye-Leike, Inc., REALTORS

  4381 Embassy Dr, Memphis, TN 38108
• 

  

  /15

  $160,000

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

  1663 Sailors St, Memphis, TN 38108

  Hard to find 4 bedroom, 2 bath home -Split bedroom plan with 2 bedrooms and a bath down and another bedroom and bath up and a large playroom with a closet (or 4th bedroom). Large fenced backyard. Make this one your own!

  Lynn da Ponte Baack Sowell, Realtors

  1663 Sailors St, Memphis, TN 38108
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  /6

  $114,900

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  2591 Faxon Ave, Memphis, TN 38112

  Price Improvement! 3 Bedroom and 1.5 bath in Binghampton/ Berclair! Home was built in 2003 and has a tenant signed on a year lease at $1,100 a month through May 2026. Home features a new roof in 2022, HVAC is brand new with the HWT in 2004. Viewing of homes granted on accepted offer. Seller wants to sell as a package with 2583 Faxon next door. Please call listing agent and do not disturb

  Andrew Akins CB Properties of Memphis, LLC

  2591 Faxon Ave, Memphis, TN 38112
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  /6

  $114,900

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  2583 Faxon Ave, Memphis, TN 38112

  Price Improvement! 3 Bedroom and 1.5 bath in Binghampton/ Berclair! Home was built in 2003 and has a tenant signed on a year lease at $1,100 a month through May 2026. Home features a new roof in 2022, HVAC is the original along with the HWT in 2004. Viewing of homes granted on accepted offer. Seller wants to sell as a package with 2591 Faxon next door. Please call listing agent and do not

  Andrew Akins CB Properties of Memphis, LLC

  2583 Faxon Ave, Memphis, TN 38112
• 

  

  /12

  $149,900

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

  4034 Edgehill St, Memphis, TN 38128

  Freshly updated and move-in ready! This charming 3-bedroom, 2-bath home features a brand new interior paint job and all-new flooring, offering a clean and modern feel from the moment you walk in. Located in a well-established neighborhood, this property is an excellent opportunity for both owner-occupants and investors alike. Whether you're looking for a primary residence or a strong addition to

  Thomas Zettergren Premier Realty Group, LLC

  4034 Edgehill St, Memphis, TN 38128
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  /10

  $135,000

  • 1 Bed
  • 1 Bath
  • 1,306 Sq Ft

  1450 Oaklawn St, Memphis, TN 38114

  DUPLEX! RENTED BOTH SIDES- $1425.00. Duplex in growing 38114. New roof, Exterior Paint, New wood fence, HVAC condensers, Full interior remodel, New Kitchen and Bath. Excellent addition to your rental portfolio, excellent cash flow.

  Brett Bernard The Stamps Real Estate Company

  1450 Oaklawn St, Memphis, TN 38114
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  /8

  $185,000

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

  269 Looney Ave, Memphis, TN 38107

  Downtown Home. This home is a gem. All bedrooms are on the main level. Washer, Dryer, Electric Stove, Microwave, Refrigerator, Dishwasher, carpet, tiled floors in kitchen and baths. Downtown location close to Harbor Town, FedEx Forum, Redbirds, St. Jude, and all of the Midtown entertainment!

  Major Smith Deberry-Smith Realty LLC

  269 Looney Ave, Memphis, TN 38107
• 

  

  /19

  $119,900

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

  5544 Blossom Ln, Memphis, TN 38115

  ~Beautiful house 2 bedrooms 2 1/2 baths ~ Ready to move in ~ Freshly painted interior & exterior ~ New floors ~ Living room with chimney ~ Come see this home today!!

  Itzel Sanchez Bustamante Keller Williams

  5544 Blossom Ln, Memphis, TN 38115
• 

  

  /13

  $169,900

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

  1617 Haywood Ave, Memphis, TN 38127

  Multiple cashflow investment turnkey properties available. Sold as package or individually. Home is to be fully renovated to include new roof, HVAC, refinished hard wood flooring, upgraded kitchen, and bathrooms. Tenanted property through 06/18/2027 at $1,595/month. No showings without and accepted offer. Professionally and locally managed. Schedule a showing today and ask your favorite

  James Wachob Foundation Property Management

  1617 Haywood Ave, Memphis, TN 38127
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  /9

  $144,950

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

  3585 Millard Rd, Memphis, TN 38109

  Amazing Investment Opportunity! This is a FULLY renovated 3 bedroom 2 bath home with open living area. Updated kitchen, flooring, interior and exterior paint and much more! NEW EVERYTHING! Currently tenant occupied with monthly income of $1415. Simply take a look at the pictures of this project! This is perfect for the next investor to take advantage of a dependable tenant with immediate income!

  Realis Sanders Keller Williams

  3585 Millard Rd, Memphis, TN 38109
• 

  

  /22

  $140,000

  • 2 Beds
  • 1 Bath
  • 1,400+ Sq Ft

  686 Looney Ave, Memphis, TN 38107

  This 2 bed, 1 bath home delivers the perfect mix of comfort, location, and long-term value just one minute from the heart of Downtown Memphis. Whether you're a first-time buyer or working at St. Jude or Bass Pro, this home places you right in the path of growth. With new construction, restaurants, and major development all around, the area is rapidly transforming. Built with quality materials and

  Sabaria Dean Fast Track Realty, LLC

  686 Looney Ave, Memphis, TN 38107
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  /18

  $149,900

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  3054 Radford Rd, Memphis, TN 38111

  Super cute 3 bedroom 1 & a half bathroom home for sale in East Memphis in MOVE-IN CONDITION. Home has new interior paint, exterior repairs, update flooring, long driveway (plentiful parking), big kitchen, and super convenient location. Motivated seller who will consider all offers. Seller willing to help with closing costs and/or provide a home warranty plus new stove with acceptable offer.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3054 Radford Rd, Memphis, TN 38111
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  /23

  $159,000

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

  1212 Bristol Dr, Memphis, TN 38119

  End Unit Townhome in Chatham Village has two bedroom, one and a half baths. Excellent value, this condominium includes refrigerator, private patio for cookouts or relaxing, kitchen w/ breakfast bar opens to a dining room and large living room w/ hardwood floors down, primary bedroom has double closets, carpet upstairs, updated full bath, the laundry closet in the up foyer and there is attic space

  Amirio Armour Armour and Associates Realty L

  1212 Bristol Dr, Memphis, TN 38119
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  /13

  $195,000

  • 4 Beds
  • 2,460 Sq Ft

  877 Polk Ave, Memphis, TN 38126

  Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit

  Cali Neal KAIZEN Realty, LLC

  877 Polk Ave, Memphis, TN 38126
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  /9

  $125,000

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

  3789 Fairoaks Ave, Memphis, TN 38122

  MULTIPLE PROPERTY PORTFOLIO CAN ONLY BE BOUGHT IN BULK, TOTAL PRICE IS 439.5K Four investment properties available. Seller is seeking bulk offers. 3218 Thirteen Colony Mall #1A -- 3 beds, 2.1 baths, currently vacant, recent repairs, in good condition, hoa is $225/mo. 1936 Frisco -- 3 beds, 1 bath, new roof and hvac in 2021, currently rented for $795/mo. lease is MTM. 3789 Fairoaks -- 4 beds, 1

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3789 Fairoaks Ave, Memphis, TN 38122
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  /9

  $119,900

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

  1318 Glenn St, Memphis, TN 38106

  Welcome to your dream home reimagined! This beautifully remodeled residence blends modern elegance with timeless charm, offering the perfect balance of comfort, style, and functionality. Featuring 3 bedrooms and 2 full bathrooms. New flooring, Cabinets, all updated bathrooms and much more. Schedule a showing today!

  Ali Nawaz KAIZEN Realty, LLC

  1318 Glenn St, Memphis, TN 38106
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  /19

  $119,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  559 Hemsley Ave, Memphis, TN 38109

  Wonderful 3 bedroom 1 bathroom home with covered parking being offered at a great price. Home is in MOVE-IN CONDITION and has been well maintained. Tons of updates and special features including luxury vinyl plank flooring, new interior paint, updated kitchen and bathroom, plus gas cooking, etc. Seller open to helping with closing costs, providing a home warranty, and purchasing a brand new

  Tyler Tapley Crye-Leike, Inc., REALTORS

  559 Hemsley Ave, Memphis, TN 38109
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  /18

  $119,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3026 Johnson Ave, Memphis, TN 38112

  Lovely three bed one bath home with plenty of updates in MOVE-IN CONDITION. Exterior has low maintenance brick exterior plus security doors and small backyard (perfect for pets). The kitchen has been thoughtfully updated with newer cabinets and stainless steel appliances. The interior has an updated bathroom, luxury vinyl plank flooring, new interior paint, plus central heating and air. FHA/

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3026 Johnson Ave, Memphis, TN 38112
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  /15

  $109,000

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  5010 Mike Dr, Memphis, TN 38127

  ***NO CITY TAXES!!!****This beautiful home has been fully renovated! It has new paint, new flooring, new island and cabinetry in the kitchen, new bathroom tiles and vanities, new carpet, new laminate hardwood in the common areas, all appliances stay, including refrigerator, washer and dryer! This home is located in a quiet cove and has a spacious and private backyard with a shed.

  Joseph Doughton KAIZEN Realty, LLC

  5010 Mike Dr, Memphis, TN 38127
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  /8

  $100,000

  • 3 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  2176 Burnham Cove, Memphis, TN 38127

  TENANT OCCUPIED! DRIVE-BY ONLY! HOME BEING SOLD AS-IS! NO SHOWINGS WITHOUT AN ACCEPTED OFFER!! The property is presently rented out for $850 per month with an existing lease until 2/26. The home features 3bd / 1.1ba, new floors, a new HVAC system, and a new water heater installed 2/25. A 1-year home warranty is in place until 1/26 through Home Choice Warranty.

  Allen Noah KAIZEN Realty, LLC

  2176 Burnham Cove, Memphis, TN 38127
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  /9

  $115,000

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

  3092 Johnson Ave, Memphis, TN 38112

  Move-in ready 3-bedroom, 2-bath home in a fast growing Memphis neighborhood. Ideal for an owner-occupant or investor seeking day one cash flow with strong upside potential. Easily convert the second front room into a 4th bedroom for added value. Conveniently located within walking distance to major new developments currently under construction including the new Lester Community Center, a 219-unit

  Michael Valenza eXp Realty, LLC

  3092 Johnson Ave, Memphis, TN 38112
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  /17

  $120,000

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

  3602 Gowan Dr, Memphis, TN 38127

  Investor Alert! No Sign on property. VERY RARE almost Acre rental property with 1 RENOVATED Bath! 3 Large Bedrooms! Kitchen w/16 Cabinets and Eat-In area. Laundry Room. Lot Size is 70/79.39 X 154.76/148.56 - .71 Acre…and everyone else has well under that. So, if you’re looking for open spaces, THIS IS IT!

  Elizabeth Amodeo Marx-Bensdorf, REALTORS

  3602 Gowan Dr, Memphis, TN 38127
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  /18

  $150,000

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

  2304 Longstreet Dr, Memphis, TN 38114

  Great Starter Home Opportunity! Discover the potential of this charming 3-bedroom, 2-bathroom single-family home nestled in the Parkway Woods neighborhood of Memphis. Situated on an expansive 11,325 sq ft lot, this property offers ample space for outdoor activities and future enhancements.This home boasts hardwood and tile flooring throughout, providing a warm and inviting atmosphere. The

  Richard Tatum C21 Patterson & Assoc. Real Es

  2304 Longstreet Dr, Memphis, TN 38114
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  /4

  $135,000

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

  4785 Haleville Rd, Memphis, TN 38116

  GREAT INVESTMENT OPPORTUNITY!!!! 3bd / 1ba, 1100 sq ft property in a quite neighborhood. This property has great bones, good roof, but all cooper lines have been stolen out of the property. Property being AS-IS, the utilities are off due to the missing pipes. Big front and back yards. Den addition was on the property prior to Seller purchasing. Great rental location close to shopping and near the

  Allen Noah KAIZEN Realty, LLC

  4785 Haleville Rd, Memphis, TN 38116
• 

  

  /19

  $169,000

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

  3157 Johnson Ave, Memphis, TN 38112

  Welcome to this beautifully updated single-family ranch-style home, offering comfort, charm, and modern touches throughout. This inviting residence features spacious kitchen w/attractive countertops, modern cabinetry, and lovely LVP flooring. Sizeable bedrooms w/ceiling fans offer plenty of room and additional storage space. Primary bedroom features private bath. Step outside to a generously

  Christopher Stjernholm Trelora Realty

  3157 Johnson Ave, Memphis, TN 38112
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  /17

  $169,000

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

  1031 June Rd, Memphis, TN 38119

  The most adorable unit in wonderful gated Poplar Place condominiums in the heart of east Memphis! Features include brand new carpet, light neutral colors and decor, cool kitchen and bathroom updates, private fenced patio, lots of closet and storage space, gated parking, neighborhood pool and more. Convenient location, close to shopping, restaurants, and interstate access. Come see!

  Mindy Wagerman Marx-Bensdorf, REALTORS

  1031 June Rd, Memphis, TN 38119
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  /24

  $119,900

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

  475 N Highland St Unit 10J, Memphis, TN 38122

  Brilliant 10th floor Northwest facing condo with balcony that overlooks both the complex pool and Chickasaw Country Club. Balcony accessible from both the living room and the second bedroom. All new paint in this 2 bedroom, 2 bath unit on the 10th floor of the unique Fairway Towers. Complex includes a swimming pool, gym, and grilling areas around pool deck. Each unit has a storage closet in the

  Donnie Morrow eXp Realty, LLC

  475 N Highland St Unit 10J, Memphis, TN 38122
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  /2

  $119,900

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

  1975 Wellons Ave, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,100/month. The lease ends on 01/30/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  1975 Wellons Ave, Memphis, TN 38127
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  /7

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,344 Sq Ft

  961 N Highland St, Memphis, TN 38122

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  961 N Highland St, Memphis, TN 38122
• 

  /2

  $100,000

  • Land
  • 0.71 Acre
  • $140,845 per Acre

  707 Craft Rd, Memphis, TN 38116

  Prime opportunity in Memphis! This .717-acre corner lot at 707 Craft Road offers excellent visibility and access—perfect for a variety of potential uses. Zoned for residential or possible commercial development (buyer to verify), this spacious parcel is ideal for a custom home, duplex, small business, or even a community-focused project like a daycare or place of worship. Located in an

  Romond McClinton Crye-Leike, Inc., REALTORS

  707 Craft Rd, Memphis, TN 38116
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  /24

  $185,000

  • 3 Beds
  • 2.5 Baths
  • 1,800+ Sq Ft

  4657 Christyshire Dr, Memphis, TN 38128

  Fully Renovated & Move-In Ready! This beautifully updated 3-bedroom, 2.5-bath home in the heart of Raleigh is a must-see! Enjoy peace of mind with complete renovations throughout, including new flooring, new roof, fresh paint, modern fixtures, and updated kitchen and bathrooms. The exterior shines with updated landscaping that enhances curb appeal and creates a welcoming first impression. Perfect

  Courtney Clark Keller Williams

  4657 Christyshire Dr, Memphis, TN 38128
• 

  

  /7

  $199,900

  • 4 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  2980 Ridgeway Rd, Memphis, TN 38115

  Spacious and well-located, this 4-bedroom, 2-bath home in the heart of Hickory Hill offers nearly 2,000 sq ft of living space and perfect for families or investors looking to invest in an area with strong rental demand being located approximately 5 miles from the Fed Ex headquarters.

  Ashley Claunch Premier Realty Group, LLC

  2980 Ridgeway Rd, Memphis, TN 38115
• 

  

  /25

  $115,000

  • 1 Bed
  • 1 Bath
  • 100+ Sq Ft

  109 N Main St Unit 808, Memphis, TN 38103

  Live in the heart of downtown Memphis at the historic Claridge House on North Main! This cozy studio condo offers stunning north-facing views of the city skyline and the iconic Pyramid. Enjoy a bright, open layout with updated modern lighting, a stylish backsplash, and brand-new kitchen appliances. The building is rich in amenities, including an indoor pool, rooftop patio with grills and dining

  Donnie Morrow eXp Realty, LLC

  109 N Main St Unit 808, Memphis, TN 38103
• 

  

  /13

  $179,900

  • 2 Beds
  • 1 Bath
  • 2,018 Sq Ft

  755 N Avalon St, Memphis, TN 38107

  Income-producing property in the Vollintine-Evergreen Historic District with lots of potential. The downstairs unit features two bedrooms, an office and one bathroom. Long-term tenant is month-to-month and is paying $1000/month (under market). The upstairs unit is vacant and features a separate entrance on the side of the house, one bedroom, a large office that could be a second bedroom, and one

  Robert Grisham Bluff City Realty Group, LLC

  755 N Avalon St, Memphis, TN 38107

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