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Memphis, TN Homes for Sale under $200,000

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  • /17

    $179,000

    • 4 Beds
    • 2.5 Baths
    • 2,026 Sq Ft

    3021 Chelsea Ave, Memphis, TN 38108

    Welcome to 3021 Chelsea Ave, where space, updates, and convenience come together. This new construction 4-bedroom, 2.5-bath home offers a generous floor plan with room to spread out and enjoy. The kitchen comes equipped with a microwave and dishwasher, and washer/dryer hookups add everyday ease. Located less than half a mile from Douglass Elementary and Douglass High School, this home delivers

    Crystal Mitchell Renshaw Company, REALTORS

    3021 Chelsea Ave, Memphis, TN 38108
  • /13

    $105,000

    • 3 Beds
    • 1 Bath
    • 876 Sq Ft

    2581 Callie Rd, Memphis, TN 38127

    GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom home is rented for $975/month and under professional management. Lease is good until 5/31/2026. Tenant moved in 5/8/2025. Totally renovated in 2023 including new roof, new HVAC, new carpet, cabinets, window fixtures, and much more! Tenant ledger and maintenance report available upon request. Please do not disturb tenant.

    Jeremy Veldman KAIZEN Realty, LLC

    2581 Callie Rd, Memphis, TN 38127
  • /11

    $125,000

    • 3 Beds
    • 2 Baths
    • 1,772 Sq Ft

    1570 Waverly Ave, Memphis, TN 38106

    This spacious 3-bedroom, 2-bath home has received several major updates and is well on its way to completion! One bathroom has been fully renovated, a second bathroom has been newly added, and the kitchen features fresh new tile. Much of the rehab work has already been done, including the removal of a large tree in the backyard. This is a great opportunity for a buyer or investor who wants to add

    Allison Brents 901, REALTORS

    1570 Waverly Ave, Memphis, TN 38106
  • /14

    $120,000

    • 4 Beds
    • 1 Bath
    • 1,200+ Sq Ft

    850 Carol Ann Cove, Memphis, TN 38127

    Welcome home to this charming 4-bedroom, 1-bath residence nestled in a quiet Memphis neighborhood. Offering both comfort and convenience, this property is ideal for first-time buyers, families, or investors looking for solid rental potential. Inside, you’ll find a functional layout with four spacious bedrooms, a bright living area, and a well-kept kitchen ready for your personal touch. Step

    Olena Chambers KAIZEN Realty, LLC

    850 Carol Ann Cove, Memphis, TN 38127
  • /18

    $160,000

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

    4563 Violet Ave, Memphis, TN 38122

    This Charming Single-Family home offers a smart investment or comfortable residence in a convenient Memphis location. The efficient floor plan maximizes living space, and the location places you moments from the Summer Ave, everyday shopping, schools, and major connectors for an easy commute. Currently rented for $1,000/month on a month-to-month lease, the property will be delivered vacant at

    Saber Alshoja Fast Track Realty, LLC

    4563 Violet Ave, Memphis, TN 38122
  • /11

    $110,000

    • 4 Beds
    • 1 Bath
    • 1,514 Sq Ft

    1617 Maplewood St, Memphis, TN 38108

    Updated and spacious and ready for you to move in, 1617 Maplewood is a home priced for now, but will be a great buy for years to come. Has a large living room, 3 bedrooms, and an additional room at the rear of the home that can be used as a pantry, office, or 2nd bedroom. The home also features a large eat in kitchen and a spacious backyard.

    Adrian Henning KAIZEN Realty, LLC

    1617 Maplewood St, Memphis, TN 38108
  • /20

    $149,900

    • 3 Beds
    • 2.5 Baths
    • 2,015 Sq Ft

    1308 E Raines Rd, Memphis, TN 38116

    Don’t miss this chance to invest in a 3-bedroom, 2.5-bath brick home with a single attached carport. This property is currently tenant-occupied, offering an excellent opportunity for investors looking to expand their rental portfolio or for an owner-occupant seeking future potential. Please Note: The home is being sold AS-IS with no showings prior to purchase. Buyer will be responsible for

    Chris Mosby ResiAmerica, Inc.

    1308 E Raines Rd, Memphis, TN 38116
  • /16

    $150,000

    • 4 Beds
    • 3 Baths
    • 1,680 Sq Ft

    4719 Casann Ave, Memphis, TN 38128

    Investor Special...Cash Only!!! House offers 4 bedrooms, 3 bathrooms, 2 full kitchens, a living room, dining room, great room and has a lot more than 1600 sq. ft. but all the space downstairs has not been included. You get a lot of house for the money but it needs a complete rehab from top to bottom.

    Donna Jarrett Emmett Baird Realty, LLC

    4719 Casann Ave, Memphis, TN 38128
  • /8

    $101,900

    • 2 Beds
    • 1 Bath
    • 826 Sq Ft

    2119 Pendleton St, Memphis, TN 38114

    INVESTOR SPECIAL! Tenant-occupied and producing $865/month. Professionally managed. Fully renovated in 2022 with key mechanicals replaced, plus 2025 updates before current tenant move-in. Lease active until 8/31/26. Reports available. Showings only after accepted offer. No wholesale or creative terms.

    Jeremy Veldman KAIZEN Realty, LLC

    2119 Pendleton St, Memphis, TN 38114
  • /22

    $159,000

    • 3 Beds
    • 1.5 Baths
    • 1,505 Sq Ft

    6452 Macon Rd, Memphis, TN 38134

    Walk Into a Home That Feels Brand-New—This freshly renovated townhome has been completely redone, top to bottom. This move-in ready home features 3 bedrooms and 1.5 baths with luxury vinyl flooring, quartz countertop, new fixtures, new appliances, new HVAC, new roof, new vinyl windows, new everything! Do you enjoy taking long, hot showers? Spoil yourself with an oversized, glass tiled spa-style

    Haider Tiwana KAIZEN Realty, LLC

    6452 Macon Rd, Memphis, TN 38134
  • /18

    $180,000

    • 2 Beds
    • 1 Bath
    • 1,004 Sq Ft

    797 University St, Memphis, TN 38107

    Steps from Rhodes College, this 2BR/1BA Midtown home offers 1,004 sq. ft. of move-in-ready living. Features include wood floors, a living room, and a flexible dining room. Freshly painted inside and out, with a spacious attic for storage or expansion. Enjoy the back porch, one-car garage, and storage shed with rear access via a private alley. A one-year home warranty is included. Perfect for

    Erica Johnson Ingram C21 Patterson & Assoc. Real Es

    797 University St, Memphis, TN 38107
  • /23

    $199,900

    • 3 Beds
    • 1 Bath
    • 1,257 Sq Ft

    22 N Humes St, Memphis, TN 38111

    Welcome home to 22 N Humes, a beautifully maintained brick charmer in the heart of East Memphis with standout curb appeal and major updates already completed. This 3-bedroom, 1-bath home features a new roof, new windows, updated electrical, plumbing, and modern fixtures, offering peace of mind for years to come. A rare and valuable bonus, the home is equipped with a 3-year-old Generac whole-house

    Adam Kelly Fast Track Realty, LLC

    22 N Humes St, Memphis, TN 38111
  • /19

    $100,000

    • 2 Beds
    • 1 Bath
    • 800+ Sq Ft

    53 N Belvedere Blvd Unit 5, Memphis, TN 38104

    Four "Belvedere Gardens" Units for sale as a package deal for $360,000. Individual Prices available. Two 2-bedroom units and two 1-bedroom units available. Three furnished units are at 108 N Belvedere. THIS UNIT is $100,000 on its own. Unfurnished. 2 BR - 1 Bath - First floor flat. Central heat/air. refrigerator and range included. Gated entry to building. You may drive by, but parking is

    Felix Bishop Crye-Leike, Inc., REALTORS

    53 N Belvedere Blvd Unit 5, Memphis, TN 38104
  • /33

    $114,900

    • 2 Beds
    • 2.5 Baths
    • 1,392 Sq Ft

    5581 Crepe Myrtle Dr, Memphis, TN 38115

    Welcome to this beautifully maintained 2-bedroom, 2.5-bathroom home featuring an open-concept floor plan that’s perfect for both everyday living and entertaining. The bright, airy living space is filled with natural light, offering a seamless flow from the living room to the dining area and kitchen. The well-appointed kitchen includes modern appliances and ample counter space, ideal for cooking

    Alexis Martz Trelora Realty

    5581 Crepe Myrtle Dr, Memphis, TN 38115
  • /24

    $125,000

    • 3 Beds
    • 1 Bath
    • 1,001 Sq Ft

    1414 Greendale Ave, Memphis, TN 38127

    JUST LIKE NEW! This property is renovated and ready to go! Perfect for a 1031 Exchange, Investor or First Time Buyer! What's not to love about this traditional brick home with all new flooring and tile, new kitchen cabinets, counter tops, freshly painted inside and out, new light fixtures, new bath vanity, and more! As an added bonus, this property includes all appliances including stove,

    Verna Littleton Fast Track Realty, LLC

    1414 Greendale Ave, Memphis, TN 38127
  • /40

    $178,900

    • 4 Beds
    • 2.5 Baths
    • 2,000+ Sq Ft

    3745 Tchulahoma Rd, Memphis, TN 38118

    This well-maintained 4-bedroom, 2.5-bath home offers generous living space and flexible layout options perfect for families or rental potential. The fourth bedroom includes its own private full bath—ideal for use as a mother-in-law suite or guest quarters. Enjoy the comfort of a formal living room, formal dining room, and a cozy den with a fireplace. A dedicated laundry room adds everyday

    Jay McMiller RE/MAX Realty Group

    3745 Tchulahoma Rd, Memphis, TN 38118
  • /6

    $140,000

    • 4 Beds
    • 2 Baths
    • 2,223 Sq Ft

    4138 Macon Rd, Memphis, TN 38122

    Calling all investors interested in a massive home of 2,000 plus square feet with potential for income!!! Come on out and check out this canvas ready for your artwork for yourself!!! Property will be sold AS-IS. SELLER WILL NOT MAKE ANY REPAIRS!!!!

    Randell Richmond eXp Realty, LLC

    4138 Macon Rd, Memphis, TN 38122
  • /14

    $169,900 New Construction

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

    770 Cherokee Ave, Memphis, TN 38106

    Beautiful new construction in a very nice and quiet block of South Memphis. The home features three bedrooms and two full bathrooms, a primary bedroom, a spacious laundry room, a large open-concept living room, dining room, and a kitchen with soft-close shaker cabinets, quartz countertops, a large island, and a separate pantry.

    Jonathan Minerick homecoin.com

    770 Cherokee Ave, Memphis, TN 38106
  • /15

    $108,975

    • 2 Beds
    • 1 Bath
    • 953 Sq Ft

    2955 Tudor St, Memphis, TN 38127

    Great Investment Opportunity!!!

    Ashleigh Lovan Keller Williams

    2955 Tudor St, Memphis, TN 38127
  • /2

    $125,000

    • 4 Beds
    • 2 Baths
    • 1,109 Sq Ft

    3236 Park Ave, Memphis, TN 38111

    THIS HOME IS TENANT OCCUPIED!!! DO NOT DISTURB TENATS!!! All offers must be accepted prior to any inspections. Please call listing agent for information and showing instructions. Offer instructions are in documents.

    Henry Booth Omni, REALTORS

    3236 Park Ave, Memphis, TN 38111
  • /14

    $149,800

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

    796 S Graham St, Memphis, TN 38111

    Tenant Occupied with Tenant's Rights, Buyer to verify Room Sizes, Big Back Yard, Tenants Lease Can be Renewed or Tenant is agreeable to break the lease if the new owner wants to occupy. Appointments must be scheduled with tenants Notice. Big Back Yard, Close to the College

    Jason Arms Memphis Area Rentals

    796 S Graham St, Memphis, TN 38111
  • /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
  • /16

    $159,000

    • 3 Beds
    • 1 Bath
    • 1,200+ Sq Ft

    873 N Mcneil St, Memphis, TN 38107

    Make an appointment today to check out this wonderful, charming home in the historic Vollintine Evergeen district! The home features central heat/air, a renovated bathroom and kitchen (appliances stay), and a large, open living room with a dining area. Other features include a spacious backyard, a screen-in front porch, solid wooden floors, smooth ceilings, and nice kitchen appliances. Lots of

    Graham Winchester Hobson, REALTORS

    873 N Mcneil St, Memphis, TN 38107
  • /2

    $164,000

    • Land

    8534 Geiberger Dr, Memphis, TN 38016

    New gated community adjacent to the historical Colonial Country Club golf course. This is an isolated, secluded, beautiful setting to build your dream home. Come see today! You won't believe the setting!

    Lauran Powers Powers Realty, LLC

    8534 Geiberger Dr, Memphis, TN 38016
  • /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 7/31/2025. 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
  • /15

    $129,900

    • 4 Beds
    • 1.5 Baths
    • 1,434 Sq Ft

    8 E Paxton Ln, Memphis, TN 38109

    Don’t sleep on this one! Fully renovated 4-bed, 1.5-bath gem with all-new carpet, fresh paint throughout, and a massive fenced backyard ready for summer BBQs. Turn-key and priced to move – call today before it’s gone!

    Matt Holt Premier Realty Group, LLC

    8 E Paxton Ln, Memphis, TN 38109
  • /13

    $129,900

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

    1721 W Silver St, Memphis, TN 38106

    Fully renovated and completely turnkey, this rent-ready property features fresh exterior paint, siding and porch updates, new front porch posts, smart locks, a new entry door, updated lighting, a brand-new HVAC system with cage, rebuilt rear stairs, and cleared landscaping. Inside, enjoy modern hardwood flooring, full drywall repair, interior repaint, updated LED lighting, new kitchen cabinets,

    James Wachob Foundation Property Management

    1721 W Silver St, Memphis, TN 38106
  • /9

    $134,900

    • 2 Beds
    • 2 Baths
    • 939 Sq Ft

    2595 Reese Point Dr, Memphis, TN 38133

    Single Level 2 Bedroom, 2 full Bath with Large Living Room and Gas Logs fireplace, Nice size Eat-in kitchen opens by breakfast bar to Living Room, generous-sized Master Bedroom and walk in Closet and comfortable guest Bedroom or office. Newer Roof, Stove, Dishwasher and Water Heater. SECURITY DOORS FRONT & REAR*, Fenced Backyard. Convenient location!

    Ahmed Feroze The Stamps Real Estate Company

    2595 Reese Point Dr, Memphis, TN 38133
  • /14

    $185,000

    • 4 Beds
    • 2 Baths
    • 1,513 Sq Ft

    2859 Carnes Ave, Memphis, TN 38114

    This fully remodeled 4 bedroom, 2 bath home was taken down to the studs and redone with care. Modern finishes throughout featuring a bright, open floor plan, a beautifully updated kitchen, and stunning, luxury tile bathrooms! This home is truly move-in ready. Perfect for students, families, or investors looking for a turnkey opportunity in a prime location. Just 5 minutes from the University of

    Valencia Murray Keller Williams

    2859 Carnes Ave, Memphis, TN 38114
  • /11

    $125,000

    • 3 Beds
    • 1 Bath
    • 1,231 Sq Ft

    745 Kippley St, Memphis, TN 38112

    TENANT-OCCUPIED! DRIVE-BY ONLY! NO SHOWING WITHOUT AN ACCEPTED OFFER! DO NOT DISTURB TENANTS! TENANTS' RIGHTS! This 3 bd/ 1 ba rental property was completely refurbished in 2023, as shown in the pictures. The property is professionally managed, with the current lease expiring in January 2026. The monthly rent is $950. The property is being sold AS-IS, WHERE-IS.

    Allen Noah KAIZEN Realty, LLC

    745 Kippley St, Memphis, TN 38112
  • /25

    $120,000

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft

    493 Deerskin Dr, Memphis, TN 38109

    PRIME investment opportunity with this CASHFLOWING property. This brick home features hard surface floors, updated kitchen and bathroom, newer working HVAC, freshly painted interior, large fenced in yard, and gated parking area. House has good size bedrooms with an ideal layout. This property is in great shape and ready to be added to your portfolio. Professional management company already in

    Carlye Tulley eXp Realty, LLC

    493 Deerskin Dr, Memphis, TN 38109
  • /18

    $179,900

    • 3 Beds
    • 2 Baths
    • 1,635 Sq Ft

    5322 Adney Gap Cove, Memphis, TN 38134

    Ready for your next project? This house needs a little of everything to bring it back to life, but the bones are great. Ideal for investors looking for their next buy and hold. Will make a great investment property. Sellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due

    Ryan Flannery Premier Realty Group, LLC

    5322 Adney Gap Cove, Memphis, TN 38134
  • /13

    $165,000 New Construction

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

    3701 Whittier Rd, Memphis, TN 38108

    RENTS MHA-$1700 per month! Beautiful 3 bed, 2 bath Brand New Construction! Comes with a 1 Year Builder Home Warranty. LVP flooring throughout, granite. Beautiful finishes and fixtures. Also, a Great Starter home! Please use Offer Information Sheet when writing your Offer. NOTE: No Owner Financing or Wholesalers. Pictures are of Model Home. This home is the exact same floor plan, square footage,

    Brett Bernard The Stamps Real Estate Company

    3701 Whittier Rd, Memphis, TN 38108
  • /16

    $129,800

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

    1148 Rozelle St, Memphis, TN 38106

    Move in ready 3/1 that backs up to Glenview Park! Close to to Cooper-Young! Vacant, easy to show! No owner/creative financing.

    Caleb Parr Renshaw Company, REALTORS

    1148 Rozelle St, Memphis, TN 38106
  • /2

    $200,000

    • Land
    • 58.62 Acres
    • $3,412 per Acre

    0 Cessna Rd, Memphis, TN 38109

    A developer's dream, farm/industrial land for all of the seasons crops; or the ideal location for a homestead. Over 58 acres to create it your own. Drive by anytime. Make an offer. See offer instructions in documents or 9013642317

    Raelynn Dorsey Adaro Realty, Inc.

    0 Cessna Rd, Memphis, TN 38109
  • /16

    $145,000

    • 2 Beds
    • 1 Bath
    • 831 Sq Ft

    3515 Vanuys Rd, Memphis, TN 38111

    Charming 2-bedroom, 1-bath home located at 3515 Vanuys Rd, just minutes from the University of Memphis, local restaurants, and shopping. This property features hardwood floors, updated finishes, a detached garage, and a spacious backyard deck for outdoor enjoyment. Approved for the City of Memphis Down Payment Assistance Program, eligible buyers may receive up to $25,000 toward down payment and

    Sabaria Dean Fast Track Realty, LLC

    3515 Vanuys Rd, Memphis, TN 38111
  • /34

    $190,000

    • 4 Beds
    • 2 Baths
    • 3,014 Sq Ft

    3241 Scheibler Rd, Memphis, TN 38128

    Welcome to this generous 4-bedroom, 2-bathroom home offering plenty of space and a great canvas for updates and personalization! Perfect for investors or homeowners looking to customize their dream home. Roof is 2 years old. Hot water heater is 1 year old. Large fenced back yard.This home is priced to reflect its condition and offers excellent potential for equity growth after improvements. Ideal

    Heather Lacon Groome & Co.

    3241 Scheibler Rd, Memphis, TN 38128
  • /2

    $109,150

    • 3 Beds
    • 1 Bath
    • 800+ Sq Ft

    3696 Parfet Cove, Memphis, TN 38128

    Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

    James Wachob Foundation Property Management

    3696 Parfet Cove, Memphis, TN 38128
  • /32

    $165,000

    • 3 Beds
    • 2 Baths
    • 1,291 Sq Ft

    5128 Jessie Lee Ln, Memphis, TN 38118

    Step into this beautifully maintained and thoughtfully updated 3-bedroom, 2-bathroom home nestled in a peaceful, tree-lined neighborhood. With recent upgrades this home blends classic comfort with modern functionality — perfect for a first-time homebuyer, a small family, or an investor looking for a turnkey rental. Roof replaced (2020) — peace of mind for years to come! Energy-efficient windows

    John Payne BEST Real Estate Company

    5128 Jessie Lee Ln, Memphis, TN 38118
  • /9

    $140,000

    • 3 Beds
    • 1 Bath
    • 1,200+ Sq Ft

    1992 Driftwood Ave, Memphis, TN 38127

    Great Investment Opportunity! This fully rehabbed 3-bedroom, 2-bath home is already tenant-occupied, making it an excellent turnkey investment. Property tours are available only with an accepted offer. Don’t miss out on this income-producing opportunity! Do not disturb tenant

    Erika Dean Agba Crye-Leike, Inc., REALTORS

    1992 Driftwood Ave, Memphis, TN 38127

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