Memphis, TN Homes for Sale under $200,000

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  /13

  $80,000

  $5K PRICE DROP

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

  3240 N Watkins St, Memphis, TN 38127

  Great opportunity! This property is currently zoned for commercial use and is ready to operate, but it can be converted to residential use by making interior modifications to meet residential code requirements. This property already features many important updates, including a new roof, HVAC system, water heater, fresh interior and exterior paint, an updated electrical system with new interior

  

  Africa McCloy

  Crye-Leike, Inc., REALTORS

  3240 N Watkins St, Memphis, TN 38127
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  /2

  $75,000

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  1373 Semmes St Unit 2, Memphis, TN 38114

  INVESTORS ONLY!! DO NOT DISTURB TENANT. Nice2/1 brick unit 2 is for sale only. currently rented for $800/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, 3562 Fuller, & 766 Los Angeles (Can buy individually or in bulk).

  

  Charlene Bailey

  Bespoke Realty

  1373 Semmes St Unit 2, Memphis, TN 38114
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  /11

  $67,000

  • 2 Beds
  • 1 Bath
  • 728 Sq Ft

  1458 Stevenson St, Memphis, TN 38106

  This 2 bed single family home in Memphis offers a move in ready layout on a generous corner lot, answering the common buyer question about finding an affordable home with space to enjoy outdoors. This 728 sqft single family home built in 1948 and set on a 6,464 sqft lot that provides a big backyard and room to relax or create outdoor space that fits your lifestyle. Inside, hardwood flooring runs

  

  Christopher Lucas

  eXp Realty, LLC

  1458 Stevenson St, Memphis, TN 38106
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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

  3319 Given Ave, Memphis, TN 38122
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  /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

  4058 Ward Ave, Memphis, TN 38108
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  /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

  3410 Tutwiler Ave, Memphis, TN 38122
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  /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

  3685 Vivia Ave, Memphis, TN 38122
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  /2

  $70,000

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  163 W Mckellar Ave, Memphis, TN 38109

  Great investment opportunity! Property is currently tenant-occupied with monthly rent of $785, providing income from day one and performing above the 1% rule based on the current asking price. Property may be purchased individually or as part of a package with additional investment properties located at 2859 Invergarry Memphis, TN 38128, and 4081 Berkshire Avenue, Memphis, TN 38108. Seller will

  

  Vivian Denogean

  Fast Track Realty, LLC

  163 W Mckellar Ave, Memphis, TN 38109
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  /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

  2534 Selman Ave, Memphis, TN 38112
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  /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

  3323 Farmville Rd, Memphis, TN 38122
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  /11

  $157,200

  $16K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,422 Sq Ft

  2766 Select Ave, Memphis, TN 38114

  Welcome home to this fully renovated 4-bedroom, 2-bath beauty. With two bedrooms on the main level and two upstairs, this layout offers flexibility for families or guests. The home includes brand-new appliances, modern vinyl flooring, refreshed bathrooms, and eat-in kitchen. A dedicated laundry room adds extra convenience. Contact listing agent for more information.

  

  Beverly Hyter

  KAIZEN Realty, LLC

  2766 Select Ave, Memphis, TN 38114
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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

  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

  3997 Truman Ave, Memphis, TN 38108
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  /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

  2050 Tant Rd, Memphis, TN 38128
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  /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

  3408 Powell Ave, Memphis, TN 38122
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  /2

  $134,330

  • 2 Beds
  • 1 Bath
  • 939 Sq Ft

  1710 Mcnair St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  1710 Mcnair St, Memphis, TN 38108
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  /2

  $154,280

  • 3 Beds
  • 1 Bath
  • 1,072 Sq Ft

  3736 Whittier Rd, Memphis, TN 38108

  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

  3736 Whittier Rd, Memphis, TN 38108
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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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  /16

  $184,901

  • 3 Beds
  • 2 Baths
  • 1,535 Sq Ft

  705 & 707 Semmes St, Memphis, TN 38111

  TWO WORDS: "CASH" - "FLOW". Don't miss a fantastic duplex investment opportunity here in the heart of Memphis! This fully remodeled property features a 2/1 bath unit as well as a 1/1 bath unit, both currently occupied, providing immediate rental income at $2100 a month! Whether you're looking to expand your investment portfolio or take advantage of a house hacking opportunity by living in one

  

  Dylan Johnson

  901, REALTORS

  705 & 707 Semmes St, Memphis, TN 38111
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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

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,519 Sq Ft

  4081 Berkshire Ave, Memphis, TN 38108

  INVESTORS ONLY! Tenant-occupied 3-bedroom, 2-bath property with a long-term tenant currently paying $1,100/month. Located in a strong rental area with consistent rental demand. Great opportunity to add a cash-flowing property to your investment portfolio. Please do not disturb the tenant. No showings without an acceptable offer.

  

  Vivian Denogean

  Fast Track Realty, LLC

  4081 Berkshire Ave, Memphis, TN 38108
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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

  $154,995

  $24K 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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  /14

  $160,000

  • 4 Beds
  • 2 Baths
  • 1,967 Sq Ft

  854 Carrolton Ave, Memphis, TN 38127

  Excellent opportunity to add an income-producing property to your investment portfolio! This tenant-occupied home is currently leased for $1,539 per month, providing immediate rental income for its next owner. With an established tenant already in place, this property offers a great opportunity for investors looking to expand their portfolio with a performing asset. Conveniently located with

  

  Caleb Hall

  Keller Williams

  854 Carrolton Ave, Memphis, TN 38127
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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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  /21

  $66,000

  • Land
  • 3.77 Acres
  • $17,507 per Acre

  Lakehurst Dr, Memphis, TN 38128

  Discover the potential of this beautiful 3.77 acre wooded property located on Lakehurst Drive in the Forest Lake Neighborhood in Memphis, Tennessee. Featuring mature timber and a peaceful natural setting, this Shelby County property offers an excellent opportunity to build your dream home, create a private retreat, or invest in land with outstanding potential.Conveniently located just

  Payton Shinault Smalltown Hunting Properties & Real Estate

  Lakehurst Dr, Memphis, TN 38128
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  /2

  $5,000

  $7K PRICE DROP

  • Land
  • 14,810 Sq Ft
  • $14,706 per Acre

  55 E Brooks Rd, Memphis, TN 38109

  Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. PLEASE contact listing agent for more information on this & other active lots

  Dawn Kinard Welch Realty, LLC

  55 E Brooks Rd, Memphis, TN 38109
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  /35

  $59,900

  $8K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 745 Sq Ft

  2997 Walnut Grove Rd Unit 3, Memphis, TN 38111

  Experience Gated Living in a quiet community for an unbelievably affordable price. Walnut Grove Co-op is Truly a little gem of a community hidden in East Memphis. Two bedrooms, 1 bath, with hardwood floors and renovated kitchen. This unit has 1 new high eff. HVAC system 2024 furnace and compressor. New gas hot water heater 2022, high efficiency storm windows throughout, new kitchen cabinets,

  Jeff Bennett Hobson, REALTORS

  2997 Walnut Grove Rd Unit 3, Memphis, TN 38111
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  /35

  $169,750

  $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
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  /16

  $115,000

  • 2 Beds
  • 1 Bath
  • 886 Sq Ft

  801 Bowen Cir, Memphis, TN 38122

  Move-in ready and packed with value, this charming 2-bedroom, 1-bath home is the perfect opportunity for first-time homebuyers, downsizers, or investors looking to add a solid property to their portfolio. Conveniently located just off Summer Avenue near Highland Heights, you'll enjoy easy access to shopping, restaurants, schools, major employers, I-40, and everything Memphis has to offer. Inside,

  Aaron Ivey eXp Realty

  801 Bowen Cir, Memphis, TN 38122
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  /40

  $140,000

  $12K PRICE DROP

  • 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
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  /25

  $125,000

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

  2854 Douglass Ave, Memphis, TN 38114

  Built in 2022, this beautifully crafted home offers the perfect blend of modern style, comfort, and convenience in the heart of the historic Orange Mound community. Inside, you'll find 2 spacious bedrooms, 1.5 baths, a bright sun porch, and luxury vinyl plank flooring throughout. The eat-in kitchen features beautiful butcher block countertops, while the primary suite includes generous closet

  Patrice Williams-Wooten Keller Williams

  2854 Douglass Ave, Memphis, TN 38114
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  /2

  $80,000

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

  948 Pearce St, Memphis, TN 38107

  Property tenant occupied. Great investment opportunity in the Uptown Memphis area. Sold as is. Part of a package of homes can be sold individually or together: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, 2227 Clayton, and 226 Chelsea ave. No wholesaler or assignment of contract offers will be accepted.

  Virgil Pryor Harris Realty Services

  948 Pearce St, Memphis, TN 38107
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  /25

  $190,000

  $9K PRICE DROP

  • 2 Beds
  • 3 Baths
  • 1,272 Sq Ft

  540 Peabody Square, Memphis, TN 38104

  Move-in ready and beautifully updated, this 2-bedroom condo at 540 Peabody Sq. offers stylish, low-maintenance living in a prime Memphis location. The thoughtfully designed floor plan features one full bath and two half baths, providing convenience and flexibility for everyday living and entertaining. Updated finishes throughout create a fresh, inviting feel, making this home truly turnkey. Enjoy

  Katy Q Gillespie Crye-Leike, Inc., REALTORS

  540 Peabody Square, Memphis, TN 38104
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  /2

  $119,900

  $9K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,159 Sq Ft

  3872 Windermere Rd, Memphis, TN 38128

  Tenant occupied. Do no disturb. Currently rented for $1150 month until February 2027. Can be shown with accepted offer.

  Joshua Hisaw Keller Williams

  3872 Windermere Rd, Memphis, TN 38128
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  /17

  $173,900

  • 2 Beds
  • 2 Baths
  • 1,068 Sq Ft

  269 Looney Ave, Memphis, TN 38107

  Conveniently located near Downtown Memphis, this move-in ready 2-bedroom, 1-bath home offers easy access to I-240, the Medical District, major employers, shopping, dining, and entertainment. Recent updates include modern fixtures and finishes throughout. Enjoy a private, fenced courtyard perfect for relaxing or entertaining, along with gated parking for added security and peace of mind. Interior

  Dawn Kinard Welch Realty, LLC

  269 Looney Ave, Memphis, TN 38107

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