Memphis, TN Homes for Sale under $200,000

• 

  

  /2

  $155,610

  • 2 Beds
  • 1 Bath
  • 1,344 Sq Ft

  3418 Bowen Ave, Memphis, TN 38122

  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

  (901) 698-5091

  3418 Bowen Ave, Memphis, TN 38122
• 

  

  /2

  $184,870

  • 3 Beds
  • 2 Baths
  • 1,862 Sq Ft

  1163 Gordon St, 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

  (901) 668-5314

  1163 Gordon St, Memphis, TN 38122
• 

  

  /2

  $76,000

  $37K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  908 Par Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $700/mo. Professionally managed. Lease expires on 5/30/25

  

  Caleb Hall

  Keller Williams

  (901) 808-8026

  908 Par Ave, Memphis, TN 38127
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  /9

  $65,000

  • 2 Beds
  • 1 Bath
  • 715 Sq Ft

  2344 Warren St, Memphis, TN 38106

  Turnkey investment opportunity in the heart of South Memphis! This renovated 3-bedroom, 1-bath home at 2344 Warren St, Memphis, TN 38106 is cash-flow ready with projected rental income of $950 per month. Priced at just $65,000, this property offers strong returns for both new and seasoned investors. Features include updated flooring, fresh paint, spacious living areas, and a large yard.

  

  Austin Hall

  Evernest Too, LLC

  (901) 640-3080

  2344 Warren St, Memphis, TN 38106
• 

  

  /2

  $156,940

  • 2 Beds
  • 1 Bath
  • 1,038 Sq Ft

  1005 N Highland St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,100 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

  (901) 667-6611

  1005 N Highland St, Memphis, TN 38122
• 

  /2

  $81,000

  $26K PRICE DROP

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

  835 Restbrook Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 4/1/27

  

  Caleb Hall

  Keller Williams

  (901) 883-7699

  835 Restbrook Ave, Memphis, TN 38127
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  /2

  $93,000

  $29K PRICE INCREASE

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

  1033 Cindy Ln, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $750/mo. Professionally managed. Lease expires on 10/31/25

  

  Caleb Hall

  Keller Williams

  (901) 446-4082

  1033 Cindy Ln, Memphis, TN 38127
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  /2

  $18,000

  • Land
  • 3,049 Sq Ft
  • $257,143 per Acre

  0 Coker St, Memphis, TN 38107

  Nice infill opportunity on Coker St. Established neighborhood with surrounding homes. Lot offers potential for residential development. Buyer to independently confirm all pertinent information. Seller Financing Possible

  

  Tonya McDowell

  The Stamps Real Estate Company

  (901) 669-7840

  0 Coker St, Memphis, TN 38107
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  /2

  $149,000

  $29K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,511 Sq Ft

  702 Atlantic St, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $795 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 450-3755

  702 Atlantic St, Memphis, TN 38112
• 

  /2

  $140,000

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,620 Sq Ft

  4401 Guildhall Dr, Memphis, TN 38128

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,465/month & the lease expires 6/30/2026. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N

  

  Jordan Ray

  eXp Realty, LLC

  (901) 621-4169

  4401 Guildhall Dr, Memphis, TN 38128
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  /28

  $129,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,188 Sq Ft

  1105 Azalia St, Memphis, TN 38106

  Located in the heart of Memphis, just minutes from the iconic Stax Museum of American Soul Music, this beautifully updated home puts you within walking distance to culture, entertainment, and everything the vibrant downtown area has to offer. This home is truly move-in ready and “like new” throughout! Featuring a brand-new roof, new windows, and luxury vinyl plank flooring across the entire home.

  

  Valencia Gathwright

  Keller Williams

  (901) 719-1808

  1105 Azalia St, Memphis, TN 38106
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  /10

  $160,000

  • 2 Beds
  • 1 Bath
  • 1,346 Sq Ft

  1150 Tanglewood St, Memphis, TN 38114

  Vibrant Midtown Memphis! This renovated historic home is ideally situated just half a mile from Cooper-Young. Featuring 2 bedrooms and 1 bath, the home greets you with a spacious front porch perfect for relaxing. Inside, an open-concept kitchen with quartz countertops and high-end finishes throughout. A convenient laundry/mudroom combination, fully fenced backyard—ideal for entertaining or

  

  Jo Mathes

  Pinnacle Realty

  (901) 621-7978

  1150 Tanglewood St, Memphis, TN 38114
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  /2

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,125 Sq Ft

  1479 Oriole St, Memphis, TN 38108

  TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,275/month total gross monthly rent. Unit 1 (1477) is rented for $750/month. Section 8 tenant. Unit 2 (1479) is rented for $525/month. Cash tenant. Copy of leases available upon request. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with

  

  Jordan Ray

  eXp Realty, LLC

  (901) 668-3516

  1479 Oriole St, Memphis, TN 38108
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  /15

  $185,000

  New Construction

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

  351 Edith Ave, Memphis, TN 38126

  Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

  

  Tammy Taylor

  KAIZEN Realty, LLC

  (901) 676-6721

  351 Edith Ave, Memphis, TN 38126
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  /28

  $178,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  4439 Sunny View Dr, Memphis, TN 38127

  Seller offering Rate Buy Down to Buyers and a 1 year everything warranty!! Why buy someone else's problems when you can have everything new? This 4 bed, 2 bath home on Sunny View Drive is move in ready and waiting for its first family to call it home. The open concept living space gives your family room to gather and make memories. The fully equipped kitchen comes with a range, dishwasher, and

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 660-8194

  4439 Sunny View Dr, Memphis, TN 38127
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  /11

  $189,000

  New Construction $11K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,204 Sq Ft

  2584 Tutwiler Ave, Memphis, TN 38112

  ***Price reduced! Motivated seller!*** Brand new home in an established area. New construction & exceptional value under $200K. Open and airy new construction with lots of light & modern touches. Perfect starter home for a family. Just minutes from Broad Street, Memphis Zoo & Rhodes College, you will be close to shopping, restaurants, parks, schools, and everything the city has to offer. This

  

  Anna Thomas

  Keller Williams

  (901) 587-8533

  2584 Tutwiler Ave, Memphis, TN 38112
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  /26

  $178,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,360 Sq Ft

  3703 Parfet Cove, Memphis, TN 38128

  Seller offering Rate Buy Down to Buyers and a 1 year everything warranty!! Why buy someone else's problems when you can have everything new? This home is in the finishing stages of construction. Projected to be completed July 31st! Pick your paint colors and selections now! Reserve the lot today with a small deposit. Images are of another home with the same floorplan. Home will look very similar

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 660-8027

  3703 Parfet Cove, Memphis, TN 38128
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  /26

  $178,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,360 Sq Ft

  4438 Sunny View Dr, Memphis, TN 38127

  Seller offering rate buy to down for buyers and 1 year everything warranty. Tenanted property at $1600 per month, tenants pay all utilities and manage the lot. Professional management can be transferred to buyer. Titan Title No wholesale, seller finance or low ball offers

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 557-3110

  4438 Sunny View Dr, Memphis, TN 38127
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  /7

  $35,000

  • Land
  • 4 Acres
  • $8,750 per Acre

  0 Allen Rd Unit 25070182, Memphis, TN 38128

  4 Acres of raw unimproved land in Frayser. Currently Zoned residential. It would make a great property to build some rental properties or new homes. The seller is very interested in selling this property so please consider all reasonable offers.Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed

  Jeremy Ryan Crye-Leike, Inc., REALTORS

  0 Allen Rd Unit 25070182, 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

  $64,000

  $4K 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

  $169,900

  $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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  /2

  $34,500

  • 3 Beds
  • 1 Bath
  • 1,353 Sq Ft

  1509 Preston St, Memphis, TN 38106

  This vacant property is ready for a new owner and a full overhaul. This is a great investment opportunity in a prime area for growth. Previously rented long term for $600/mo, this property is ready for a new owner to realize it's full potential. Call for a private showing!

  Joshua Cooper Sowell, Realtors

  1509 Preston St, Memphis, TN 38106
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  /32

  $134,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,777 Sq Ft

  5360 Haleville Rd, Memphis, TN 38116

  Well-maintained single-story brick home in Eason Hills. This 3-bedroom, 2-bathroom residence features over 1,700 sq. ft. of living space, including a massive living room and functional dining area. Highlights include updated flooring and counters, a private primary suite, and a large, level, fenced-in backyard. Includes a 1-car carport and extra parking pad. Near Whitehaven schools and amenities.

  Alexis Martz Trelora Realty

  5360 Haleville Rd, Memphis, TN 38116
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  /40

  $152,000

  • 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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  /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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  /33

  $74,900

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 990 Sq Ft

  4177 University St, Memphis, TN 38127

  Welcome to this charming 1970s ranch featuring a timeless brick and vinyl exterior. The front of the home is highlighted by a series of large, arched windows that flood the interior with natural light. Inside, you will find original hardwood flooring throughout the main living areas and all three bedrooms. The floor plan features a seamless flow between the kitchen and dining areas, creating an

  Christopher Stjernholm Trelora Realty

  4177 University St, Memphis, TN 38127
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  /2

  $129,000

  • 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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  /8

  $115,000

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

  404 Stoneham Rd, Memphis, TN 38109

  This property is leased at $1,050 per month ($12,600 annually) through 02/28/2027, with a cash-on-cash return of 5.50% and a monthly cash flow of $156.83. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a stable Memphis rental market. This well-maintained home features a functional layout with comfortable living areas, durable finishes,

  James Wachob Foundation Property Management

  404 Stoneham Rd, Memphis, TN 38109
• 

  /2

  $135,000

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

  3416 Swanson St, Memphis, TN 38118

  Spacious 4-bedroom, 2-bath home featuring a bright kitchen and cozy breakfast area, comfortable living room, and welcoming den with fireplace. The private primary suite offers a separate vanity and shower. Perfect for comfortable everyday living and entertaining guests. ISO investor to assume income-producing rental & take possession with notice. Property is currently tenant-occupied (Lease

  Amanda Bryant Glenn Rutherford Company, Inc.

  3416 Swanson St, Memphis, TN 38118
• 

  /2

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,415 Sq Ft

  1618 Ellsworth St, Memphis, TN 38111

  Excellent investor opportunity in a convenient Memphis location! This well-maintained home offers 3 bedrooms, and an open floor plan that appeals to long-term renters. Most recent updates include a newer water heater (2023). Reliable tenant is in place, currently paying $1250 per month, with a lease secured through June 2026, offering immediate and stable rental income. Tenant would prefer to

  Lisa Hendrickson Groome & Co.

  1618 Ellsworth St, Memphis, TN 38111
• 

  /2

  $5,000

  • Land
  • 2,178 Sq Ft
  • $100,000 per Acre

  1312 James St, Memphis, TN 38106

  Seller also selling 0 James (Parcel ID: 026028 00025) and 1318 James (Parcel ID: 026028 00021), can buy in bulk or individually. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1312 James St, Memphis, TN 38106
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  /24

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,806 Sq Ft

  1150 Finch Dr, Memphis, TN 38127

  A Hidden GEM! Charming 3 bedroom (possible 4) 2 bath home located in a quiet singular entry (one way in and out) neighborhood. Separate living room and dining room areas. Dining room and Hearth room feature custom built-ins and recessed lighting. Expansive Hearth room with fireplace and walk-in pantry. Kitchen features double oven, electric stove-top, and mounted microwave. Home has cameras

  Linitra Washington KAIZEN Realty, LLC

  1150 Finch Dr, Memphis, TN 38127
• 

  /2

  $5,000

  • Land
  • 4,356 Sq Ft
  • $50,000 per Acre

  598 Williams Ave, Memphis, TN 38126

  Great opportunity to build on a vacant residential lot in Memphis. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements.

  Crystal Mitchell Renshaw Company, REALTORS

  598 Williams Ave, Memphis, TN 38126
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  /9

  $139,900

  $6K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,399 Sq Ft

  895 Enfield Rd, Memphis, TN 38116

  Welcome home to this charming Whitehaven property featuring 2 bedrooms, 1 full bath, and a spacious 2-car garage. Conveniently located near shopping centers, restaurants, public transportation, and major roadways, this well-maintained home offers both comfort and accessibility. Pride of ownership shows throughout, making this property a great opportunity for homeowners or investors

  David Anthony KAIZEN Realty, LLC

  895 Enfield Rd, Memphis, TN 38116
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  /10

  $75,000

  • 3 Beds
  • 1 Bath
  • 1,035 Sq Ft

  4499 Range Line Rd, Memphis, TN 38127

  ATTENTION INVESTORS! PRICE REDUCED! GREAT CASH FLOW OPPORTUNITY! Tenant-occupied 3BR/1BA home renting for $895/month with a stable long-term tenant and lease through May 2026. Renovated in 2022 with new floors, updated kitchen and bath, fresh paint, and much more! Water heater replaced in 2024; roof approx. 5 years old. Professionally managed, maintenance report and tenant ledger available upon

  Jeremy Veldman KAIZEN Realty, LLC

  4499 Range Line Rd, Memphis, TN 38127
• 

  

  /19

  $120,000

  • 2 Beds
  • 1 Bath
  • 810 Sq Ft

  585 E Parkway S Unit 23, Memphis, TN 38104

  Outstanding opportunity to get into the midtown market at unreal price! Quiet, hidden property on Harbert, off E Parkway. Rarely available topurchase. 2bd/1bath with patio and parking. Perfect for students at CBU, UM, UT. Walk to restaurants/entertainment. So much to love! Must see. HOA $200/month.

  Alex Turner Hobson, REALTORS

  585 E Parkway S Unit 23, Memphis, TN 38104
• 

  

  /27

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,402 Sq Ft

  2600 Clearpark Cove, Memphis, TN 38127

  Established neighborhood! Spacious home with great potential featuring large living areas, generous lot, and possibilities for Owner Occupant or rental income. Perfect opportunity for investors or savvy buyers. Updates Throughout. Convenient to shopping, schools, and interstate access.

  James Harvey Jr Keller Williams

  2600 Clearpark Cove, Memphis, TN 38127
• 

  

  /4

  $12,500

  • Land
  • 20,908 Sq Ft
  • $26,042 per Acre

  3024 Sax Rd, Memphis, TN 38109

  CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen

  Silvana Piadade eXp Realty, LLC

  3024 Sax Rd, Memphis, TN 38109

Showing Results 241 - 280, Page 7 of 18