Memphis, TN Homes for Sale under $200,000

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  /12

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  3471 Gowan Dr, Memphis, TN 38127

  Welcome to 3471 Gowan Drive, Memphis, TN 38127! This charming 3-bedroom, 2-bath home combines comfort and style. Enjoy a bright, open living area with hard-surface flooring, a modern kitchen with large shaker-style cabinets, and a spacious fenced backyard perfect for entertaining. Additional features include a 2-car garage and central heat and air for year-round comfort. Don't miss out! TENANTED

  James Wachob Foundation Property Management

  3471 Gowan Dr, Memphis, TN 38127
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  /24

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,166 Sq Ft

  5450 Loch Lomond Rd, Memphis, TN 38116

  bWelcome to this charming and functional 3-bedroom, 1-bath single-family home located in the desirable Whitehaven neighborhood of Memphis. With approximately 1,100 sq ft of living space, this property offers a bright and inviting floor plan perfect for comfortable everyday living. Step inside to a spacious living area ideal for relaxing or entertaining, and enjoy three well-sized bedrooms that

  Gregory Griffin Franchise Realty, LLC

  5450 Loch Lomond Rd, Memphis, TN 38116
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  /19

  $159,000

  • 3 Beds
  • 2 Baths
  • 1,576 Sq Ft

  3034 Bannockburn Rd, Memphis, TN 38128

  Low Maintenance 3 Bedroom, 2 Bath House in Scenic Hills ~ Harwood Floors ~ Covered Entry ~ Foyer ~ Formal Living Room ~ Den with Fireplace ~ Formal Dining Room ~ Kitchen Overlooking Backyard ~ Breakfast Nook~ Primary Bedroom with Private Bath ~ 2 Additional Bedrooms & Full Bath in Hallway ~ Covered Back Patio with Built-in Grill ~ Fenced in Backyard

  Christy Gowen Keller Williams

  3034 Bannockburn Rd, Memphis, TN 38128
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  /26

  $199,900

  • 2 Beds
  • 1 Bath
  • 1,116 Sq Ft

  114 S Humes St, Memphis, TN 38111

  Fantastic Home. Renovated kitchen and bath, hardwood floors, gas cooking, stainless steel appliances, tons of cabinet space. Huge 20x20 shop in backyard. Large yard area. Prime location. This one is a Winner!!

  Richard Travers Crye-Leike, Inc., REALTORS

  114 S Humes St, Memphis, TN 38111
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  /17

  $138,500

  • 4 Beds
  • 2 Baths
  • 1,674 Sq Ft

  2884 Spring Hill Dr, Memphis, TN 38127

  Excellent investment opportunity! This 4-bedroom, 2-bath property offers a functional layout with a spacious living area. The home features well-sized bedrooms, a practical floor plan, and a backyard that adds additional value! Property being sold AS-IS. Seller prefers cash or conventional financing. No showings until February 25. Do not disturb occupants.

  Benjamin Winston KAIZEN Realty, LLC

  2884 Spring Hill Dr, Memphis, TN 38127
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  /24

  $133,500

  • 2 Beds
  • 1 Bath
  • 1,266 Sq Ft

  1014 Maury St, Memphis, TN 38107

  Fully furnished and ready for you to settle into a perfect blend of Historic charm with 21st-century updates. This 1014 Maury St. 2 Bedroom 1 bath home in the Vollentine/Evergreen Historic District features a Great price and an unbeatable package of updates. Enjoy the warmth of original hardwood floors that flow into a bright, renovated kitchen with ceramic tile. With an HVAC system only about a

  Donnie Morrow eXp Realty, LLC

  1014 Maury St, Memphis, TN 38107
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  /30

  $100,000

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  4212 Falcon Dr, Memphis, TN 38109

  Welcome home! This well-maintained 3-bedroom, 1-bath single-family home offers comfortable living and a generously sized backyard—perfect for outdoor gatherings, pets, or simply relaxing. Schedule a showing today.

  Alexis Martz Trelora Realty

  4212 Falcon Dr, Memphis, TN 38109
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  /22

  $184,929

  • 2 Beds
  • 2.5 Baths
  • 1,273 Sq Ft

  8314 Mangrove Dr, Cordova, TN 38016

  Premium upgrades and move-in ready! This beautiful Cordova home at 8314 Mangrove has been updated from top to bottom with modern finishes and thoughtful details. Enjoy freshly smoothed ceilings, a stylish new stair banister, brand-new appliances, stunning granite countertops, and added bar area, updated fixtures, and gorgeous new flooring & Paint throughout. Every corner has been refreshed to

  Lauren Cansler Crye-Leike, Inc., REALTORS

  8314 Mangrove Dr, Cordova, TN 38016
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  /3

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,720 Sq Ft

  4395 Ann Arbor Ln, Memphis, TN 38128

  INVESTERS ONLY! Tenant occupied 3 bed 2 bath home. Rent is $1000/mo. Professionally managed. This is a great investment property to add to any portfolio. Lease and ledger available upon request. No Creative or Owner Financed Offers. No Wholesale or Assignment. No sign in the yard. Please do not disturb or approach the tenant. Seller also selling 599 Blackhawk, 4394 Janssen, 4973 Longtree, 4395

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4395 Ann Arbor Ln, Memphis, TN 38128
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  /2

  $175,000

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

  3540 Marion Ave, Memphis, TN 38111

  Terrific investment opportunity in the Colonial Heights near the University of Memphis. This tenant occupied property is currently rented for $1375/mo. The property is professionally managed. The owner had significant remodeling done in 2023. This would make an excellent addition to your portfolio. Seller has multiple properties for sale: 4635 Monaco, 3540 Marion, 3588 Kearney, 3682 Kearney, 3689

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
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  /12

  $185,000

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

  853 Hanley St, Memphis, TN 38114

  Beautiful property in a great location! RENTED MHA $1849.00 per month- New home built in 2024 in growing market near university of Memphis- 4 Bed, 2 Bath home features polished concrete floors- 5 panel doors- modern lighting, bath rooms and interior finishes. DO NOT DISTURB TENANT

  Brett Bernard The Stamps Real Estate Company

  853 Hanley St, Memphis, TN 38114
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  /19

  $192,000

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

  109 N Main St Unit 514, Memphis, TN 38103

  Come see this charming 2BD/2BA condo in the historic Claridge House at 109 N Main, beautifully updated with modern touches like new LED lighting and Smart Thermostat. Enjoy fantastic amenities such as a rooftop with city views, an indoor pool, hot tub, gym, and a cozy lobby with a coffee shop. Ideally located downtown near law schools, shopping, and restaurants, this move-in-ready unit offers

  Virgil Pryor Harris Realty Services

  109 N Main St Unit 514, Memphis, TN 38103
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  /15

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,182 Sq Ft

  989 Wingfield Rd, Memphis, TN 38122

  Welcome to this charming 2 bed, 1 bath home in the desirable Berclair area. Features authentic hardwood flooring, a beautifully updated bathroom with new shower and floor tile, and a modern kitchen boasting new cabinets and granite countertops. Enjoy a spacious private backyard perfect for relaxation and entertaining. Don't miss out on this lovely home!

  Joshua Moss KAIZEN Realty, LLC

  989 Wingfield Rd, Memphis, TN 38122
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  /38

  $169,900

  • 3 Beds
  • 2.5 Baths
  • 1,879 Sq Ft

  4931 Gardenwood Dr, Memphis, TN 38116

  Discover this wonderful home located in a well established Whitehaven neighborhood, offering comfort, convenience, and a fantastic backyard retreat. The large living room provides plenty of space for everyday living, while the cozy den with a fireplace creates the perfect spot to unwind. The nice sized kitchen offers good workflow and easy access to the neat glassed in porch filled with natural

  Amanda Lott BHHS McLemore & Co., Realty

  4931 Gardenwood Dr, Memphis, TN 38116
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  /4

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,748 Sq Ft

  2641 Tutwiler Ave, Memphis, TN 38112

  Fantastic investment opportunity in the Shelby area. This 4br/2 bath Duplex is in the 38112 area. Unit 2641 occupied for $840/month. The lease ends on 7/31/2026. Unit 2643 is vacant. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2641 Tutwiler Ave, Memphis, TN 38112
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  /10

  $118,500

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

  1274 Railton Rd, Memphis, TN 38111

  Investment property. Property to be SOLD AS IS NO REPAIRS. This two-bedroom bath offers a formal living and dining combination, an eat-in kitchen, and a large den that could be converted into a primary bedroom and bath. Updates, interior painted, new carpet, and new kitchen cabinets in 2022. Tenant Occupied 12 month lease

  Patricia Didlake Didlake Realty Group, LLC

  1274 Railton Rd, Memphis, TN 38111
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  /14

  $189,900

  • 3 Beds
  • 1 Bath
  • 1,249 Sq Ft

  5042 Alrose Ave, Memphis, TN 38117

  Move-in ready East Memphis home featuring 3 bedrooms and 1 bath with hardwood and tile throughout. Fresh paint and an updated bathroom add modern touches. The kitchen offers a walk-in pantry and cozy breakfast nook. Spacious primary bedroom includes a walk-in closet. Enjoy the expansive backyard with brand-new decking—perfect for relaxing or entertaining.

  Christine Rogers Bascom Realty

  5042 Alrose Ave, Memphis, TN 38117
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  /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
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  /20

  $134,900

  • 2 Beds
  • 1 Bath
  • 873 Sq Ft

  556 Lundee St, Memphis, TN 38111

  Fantastic investment opportunity in the Shelby area. This 2br/1 bath single-family home is in the 38111 area. Cash flowing with a monthly rental amount of $995/month. Currently on MTM. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  556 Lundee St, Memphis, TN 38111
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  /15

  $135,000

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

  507 Tonto Rd, Memphis, TN 38109

  This beautiful home has been completely renovated!!! It features smooth ceilings, updated gold fixtures throughout the home, new paint on the interior and exterior, new hot water tank, brand new stainless steel kitchen appliances, and the original hardwood floors have been revitalized!!! The kitchen and bathroom were completely gutted on this home, so everything is brand new!!! The kitchen and

  Joye Martin Miller Martin Realty

  507 Tonto Rd, Memphis, TN 38109
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  /22

  $139,900

  • 2 Beds
  • 1.5 Baths
  • 1,103 Sq Ft

  5906 Noyes Ct Unit 4, Memphis, TN 38119

  Super cute condo in gated community. Move-in ready! Freshly Painted Throughout and an updated deck. This charming home has a new HVAC system and fresh new blinds throughout. Located in a welcoming community with a recently renovated neighborhood pool. You'll love the neighborhood's friendly vibe and planned activities like BBQ's and holiday dinners. Don't miss your chance to own a home that's not

  Alli Clark Keller Williams

  5906 Noyes Ct Unit 4, Memphis, TN 38119
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  /27

  $186,000

  • 3 Beds
  • 2 Baths
  • 1,425 Sq Ft

  4487 E Dearing Rd, Memphis, TN 38117

  Adorable, fully updated 3-bedroom, 2-bath home with a versatile bonus room -perfect as a 4th bedroom, home office, playroom, or gym. This move-in-ready home features brand-new flooring throughout, fresh interior paint, and beautifully updated kitchen and bathrooms with modern finishes and updated appliances. Enjoy peace of mind with newer major systems, including a roof approximately 5–6 years

  Lindsay Jenkins Real Estate Agency

  4487 E Dearing Rd, Memphis, TN 38117
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  /30

  $124,900

  • 3 Beds
  • 2 Baths
  • 1,051 Sq Ft

  4066 Berrywood Ave, Memphis, TN 38118

  This ranch style home features 3 beds, 2 bath. Boasting great bones and endless potential. Sit on the front porch enjoying the outdoors. Great for an investor or first time homebuyer. Seller will have new condenser installed with acceptable offer and working on getting window replaced.

  Alexis Martz Trelora Realty

  4066 Berrywood Ave, Memphis, TN 38118
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  /6

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,546 Sq Ft

  895 Brownlee Rd, Memphis, TN 38116

  Located in the heart of the well-established Whitehaven community in the McCorkle subdivision, 895 Brownlee Road is a charming 1,546-square-foot single-family residence built in 1977. This brick-exterior home is situated on a spacious 0.40-acre lot and offers a functional layout perfect for comfortable living. The large 0.40-acre lot provides ample space for outdoor activities or gardening in a

  Juliette Moore Crye-Leike, Inc., REALTORS

  895 Brownlee Rd, Memphis, TN 38116
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  /9

  $105,000

  • 2 Beds
  • 1 Bath
  • 1,101 Sq Ft

  1521 Hope St, Memphis, TN 38111

  TENANT OCCUPIED!! DRIVE BY ONLY DO NOT CONTACT TENANT! AFTER DRIVING BY AND ONCE OFFER IS ACCEPTED WE WILL GET YOU INSIDE HOUSE FOR YOUR INSPECTION. CURRENTLY RENTED FOR $900/ MONTH. CALL LISTING AGENT FOR MORE INFORMATION.ENOVATED. This home was redone after a fire a few years ago and is in good condition. Photos are from prior to this tenant moving into the houise. No owner financing will be

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  1521 Hope St, Memphis, TN 38111
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  /18

  $145,000

  • 3 Beds
  • 2 Baths
  • 1,266 Sq Ft

  4307 Sidney Rd, Memphis, TN 38116

  Lenzell Clark Braden, Braden & Braden LLC

  4307 Sidney Rd, Memphis, TN 38116
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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 are

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3465 Spottswood Ave, Memphis, TN 38111
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  /15

  $199,500

  • 3 Beds
  • 2 Baths
  • 1,202 Sq Ft

  5616 Falling Bark Dr, Memphis, TN 38134

  Why rent when you can own this beautifully maintained home that offers comfort, style, and convenience? Featuring an open concept floor plan designed for both everyday living and entertaining, highlighted by a spacious kitchen with a center island that provides ample workspace and seating. Three bedrooms and a two-car garage, offering plenty of space for family, guests, or a home office. Low

  Daniel Lane KAIZEN Realty, LLC

  5616 Falling Bark Dr, Memphis, TN 38134
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  /23

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,670 Sq Ft

  3502 Mark Twain St, Memphis, TN 38127

  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

  3502 Mark Twain St, Memphis, TN 38127
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  /2

  $127,900

  • 3 Beds
  • 1 Bath
  • 1,058 Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
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  /19

  $149,900

  • 3 Beds
  • 2 Baths
  • 1,341 Sq Ft

  1131 Rozelle St, Memphis, TN 38106

  Ready for immediate move-in! Recently updated throughout with modern finishes, LVP flooring, and refreshed paint. Spacious living area, functional kitchen with updated appliances, and comfortable bedrooms Perfect for owner/occupant or investor!

  Scott Tomlinson eXp Realty

  1131 Rozelle St, Memphis, TN 38106
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  /7

  $155,500

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

  3547 Spottswood Ave, Memphis, TN 38111

  A great opportunity in the U of M area. Updated Duplex featuring a 2 bedroom 1 bath unit with washer and dryer connections as well as a one bedroom and one bath unit. The 1/1 is recently vacant, it could be a great way to live in one side and rent the other.

  Ashley Gillihan Coldwell Banker Collins-Maury

  3547 Spottswood Ave, Memphis, TN 38111
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  /2

  $175,000

  • 3 Beds
  • 2 Baths
  • 1,278 Sq Ft

  3588 Kearney Ave, Memphis, TN 38111

  Wonderful investment opportunity mere moments from the University of Memphis. This tenant occupied home is professionally managed and currently rented for $1450/mo. The property was remodeled in 2024 including a new AC. Seller has multiple properties for sale: 4635 Monaco, 3540 Marion, 3588 Kearney, 3682 Kearney, 3689 Kearney and 4401 Quince. Do not approach or disturb tenants. No showings

  William Haynes Crye-Leike, Inc., REALTORS

  3588 Kearney Ave, Memphis, TN 38111
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  /17

  $110,000

  • 2 Beds
  • 2 Baths
  • 1,269 Sq Ft

  2006 Quinn Ave, Memphis, TN 38114

  INVESTORS ONLY!!! Lovely 2bed 2bath home currently rented at $1095/mo. This could be a great addition to your portfolio. Property was substantially rehabbed in 2022. Roof, A/C and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2006 Quinn Ave, Memphis, TN 38114
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  /20

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,517 Sq Ft

  814 N Merton St, Memphis, TN 38112

  Contract contingency View inside then deposit if continue. No wholesale, No Creative Financing, No seller financing, carry back or creative financing. Need Preapproval or Proof of fund before offers. For Investors ONLY. ALREADY LEASED FOR $1100 manage by Licensed Property Management with $100 a month of management fee. Low taxes and insurance. Updated some of the Virtual Staging for you to see

  David Truong eXp Realty, LLC

  814 N Merton St, Memphis, TN 38112
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  /24

  $199,000

  • 2 Beds
  • 2 Baths
  • 1,153 Sq Ft

  4786 Audubon View #2 Cir Unit 3807, Memphis, TN 38117

  Quiet & peaceful, best view in East Memphis gated community - overlooking one of 3 Community POOLS. This updated end unit is upstairs, fresh interior paint, updated kitchen with newer cabinets, granite counters and newer appliances, plus updated baths. Living area has fireplace and wood laminate flooring in both living & entry. Owners enjoy 3 pools, tennis courts, dog park, workout room in

  LINDA ASH Centric Realty LLC

  4786 Audubon View #2 Cir Unit 3807, Memphis, TN 38117
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  /13

  $189,000

  • 3 Beds
  • 1 Bath
  • 894 Sq Ft

  4256 Riviera Dr, Memphis, TN 38108

  Fully renovated and move-in ready, this beautifully updated home features modern finishes throughout, an open-concept living area with recessed lighting, sleek flooring, and a stylish two-tone kitchen with upgraded countertops and backsplash. The designer bathroom offers a glass-enclosed walk-in shower with contemporary tile and matte black fixtures. Covered front porch and extended carport add

  Juan Martinez eXp Realty, LLC

  4256 Riviera Dr, Memphis, TN 38108
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  /13

  $123,900

  • 2 Beds
  • 2 Baths
  • 1,429 Sq Ft

  6543 Fern Creek Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,075/mo. Lease until July 2026. Two story great room with fireplace, wood laminate floors, newer roof, water heater & HVAC system, granite. Bed/Bath up, Bed/Bath down, Loft area up. Screened-in patio, fenced-in backyard.

  Brandon Smith Smith Family Real Estate, LLC

  6543 Fern Creek Dr, Memphis, TN 38115
• 

  

  /20

  $175,000

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

  582 Watson St, Memphis, TN 38111

  Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,575 a month, and the lease will end on 12/31/2025. It can be sold separately or as a package deal along with 572 Watson, 3739 Spottswood, and 3863 Spottswood.

  Crystal Mitchell Renshaw Company, REALTORS

  582 Watson St, Memphis, TN 38111
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  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  2662 Orman Ave, Memphis, TN 38127

  Please do not disturb tenant. 4br/2ba home with access to everything you desire in the area. Detached garage for parking or additional storage. Fenced backyard.

  Aaron Edwards Real Broker

  2662 Orman Ave, Memphis, TN 38127

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