Memphis, TN Homes for Sale under $200,000

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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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  /23

  $104,900

  • 3 Beds
  • 1 Bath
  • 911 Sq Ft

  4306 University St, Memphis, TN 38127

  This 3-bedroom, 1-bath, single-story home offers a functional layout with wood flooring and tile throughout. The property is in decent condition and provides comfortable living space all on one level. A solid option for homeowners or investors alike, with durable finishes and a practical floor plan.

  Alexis Martz Trelora Realty

  4306 University St, Memphis, TN 38127
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  /37

  $100,000

  • 6 Beds
  • 4 Baths
  • 3,800+ Sq Ft

  1025 Wichita Ave, Memphis, TN 38106

  RARE OPPORTUNITY! 2 Homes, 1 Deal – Endless Potential! Two houses on one property at 1025 Wichita Ave – sitting on 1/3 of an acre! Main Home: 4 BR, 2 BA with primary suite downstairs Guest Home: 2 BR, 2 BA with soaring ceilings + loft living area New roofs on both homes! Both homes have fire damage, but some work has already been done—this property just needs the right touch to complete the

  Tondia Shotwell-Bouie Crye-Leike, Inc., REALTORS

  1025 Wichita Ave, Memphis, TN 38106
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  /7

  $155,000

  • 3 Beds
  • 2.5 Baths
  • 1,608 Sq Ft

  6758 Racquet Club Dr, Memphis, TN 38119

  3 bedroom, 2.5 bathroom townhouse with 1 car attached garage in East Memphis. Newly remodeled Kitchen, newly remodeled 2.25 bathrooms, floating countertop in primary bathroom, 5 inch sheetrock firewalls between neighbors, kitchen appliances and 100 inch flat screens stays with house, wifi lights throughout the whole condo, HOA takes care of outside and roof.

  Donnie Morrow eXp Realty, LLC

  6758 Racquet Club Dr, Memphis, TN 38119
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  /2

  $127,000

  • 3 Beds
  • 2 Baths
  • 1,555 Sq Ft

  1108 Semmes St, Memphis, TN 38111

  A rare find! This 3 bed, 2 bath home offers space, character, and opportunity in a growing community. Featuring vaulted ceilings, a true primary suite, an oversized dining area, and a functional galley kitchen—this one truly stands out. A great fit for anyone searching for their next home or a smart addition to an investment plan. Portfolio opportunity available. No wholesale offers.

  Shaneathia Armstrong C21 Patterson & Assoc. Real Es

  1108 Semmes St, Memphis, TN 38111
• 

  

  /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
• 

  

  /13

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  1532 Silver St, Memphis, TN 38106

  Fully Renovated & Move-In Ready! Welcome to this beautifully renovated 3 bedroom, 1 bath brick home situated on a spacious corner lot. Renovated from top to bottom, this home offers peace of mind and modern finishes throughout. Step inside to find solid surface LVP flooring and tile throughout — no carpet! The updated kitchen features stylish finishes and flows seamlessly into the living spaces,

  Caleb Parr Renshaw Company, REALTORS

  1532 Silver St, Memphis, TN 38106
• 

  

  /17

  $174,900

  • 3 Beds
  • 1.5 Baths
  • 1,526 Sq Ft

  1673 S White Station Rd, Memphis, TN 38117

  3-bedroom brick home with a separate living room, dining room, and den with fireplace, wood plank floors in the Dining room, Living Room, and all bedrooms, fenced yard, and convenient to shopping, interstate, schools, and restaurants. Please call for an appointment. Best priced listing in the area, better hurry before its too late.

  Jerry T Davidson Memphis One Inc

  1673 S White Station Rd, Memphis, TN 38117
• 

  

  /14

  $115,000

  • 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
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  /11

  $100,000

  • 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
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  /21

  $135,000

  • 2 Beds
  • 1 Bath
  • 792 Sq Ft

  928 Chatwood St, Memphis, TN 38122

  Great investment opportunity. Active lease in place. Do not disturb tenant. Inspection to be made once offer has been accepted. Currently leased at $1,200 with a lease expiration of 9/30/26. No creative finance offers. No sign in yard. Adorable Berclair Cottage 2 Bedroom and 1 Bath- NEW Roof and Water Heater in 2024! Easy to Maintain Siding- Oversized Garage w/Automatic Garage door- Good Size

  Jon Dickens The Firm

  928 Chatwood St, Memphis, TN 38122
• 

  

  /20

  $155,000

  • 3 Beds
  • 2 Baths
  • 1,238 Sq Ft

  2892 Saint Elmo Ave, Memphis, TN 38127

  Welcome to 2892 St. Elmo Ave, a beautifully updated 3-bedroom, 2-bath single-family home located in the established Frayser area of Memphis. This well-maintained property features a classic brick exterior, central heating and air, and a functional layout designed for comfortable living. The interior offers a mix of modern updates, a refreshed kitchen, washer and dryer connections, and flexible

  James Wachob Foundation Property Management

  2892 Saint Elmo Ave, Memphis, TN 38127
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  /27

  $198,900 Open Sun 2PM - 3:30PM

  • 1 Bed
  • 1.5 Baths
  • 1,161 Sq Ft

  521 Summitt St, Memphis, TN 38104

  Open Sun Feb 22nd 2-3:30-Location! Location! Adorable Updated Cottage in Midtown's Lenox Neighborhood-1 Bedroom 1 1/2 Bath-Soaring Ceilings-Hardwood Floors-Adorable Kitchen w-Granite Countertops-Includes All Appliances-Sun Filled Enclosed Back Porch/Mudroom-Large Primary Bedroom-Updated 1 1/2 Baths-Fully Fenced Backyard-Amazing Covered Front Porch-Storage Shed-Off Street Parking-Steps from

  Melody Bourell Marx-Bensdorf, REALTORS

  521 Summitt St, Memphis, TN 38104
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  /8

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  4826 Leonard Rd, Memphis, TN 38109

  4 bedroom 1.5 Bath Home~~with No Maintenance exterior and Single carport~~ Central HVAC~~Luxury Vinyl Thru-out~~This property is eligible to Owner Occupants only under the First Look Initiative for first 30 days

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
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  /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
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  /22

  $157,000

  • 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
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  /18

  $175,000

  • 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
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  /16

  $122,500

  • 3 Beds
  • 2 Baths
  • 1,007 Sq Ft

  778 N Montgomery St, Memphis, TN 38107

  Tenant occupied! Do not disturb tenants. Showings can be arranged once under contract. It comes completely renovated with a new roof, HVAC, and water heater. Property will qualify for FHA, VA, conventional loans, etc. No creative financing. Seller will pay closing costs and offer $4k buyer incentive at closing. Seller offers one year warranty.

  Jerry Duckett eXp Realty, LLC

  778 N Montgomery St, Memphis, TN 38107
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  /2

  $199,955 New Construction

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

  1067 Shaw Place, Memphis, TN 38126

  Welcome to Shaw Place Development—a new residential community in South Memphis . Located directly across from LeMoyne-Owen College and just minutes from the Stax Museum and The Soulsville Charter School, this community blends affordable luxury with modern elegance. There is still time to select your lot and customize your finishes. Whether you're a first-time homebuyer or looking to downsize

  Charlene Bailey Exit Realty Blues City

  1067 Shaw Place, Memphis, TN 38126
• 

  

  /23

  $189,900

  • 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
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  /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
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  /24

  $185,000

  • 4 Beds
  • 2 Baths
  • 1,629 Sq Ft

  865 N Evergreen St, Memphis, TN 38107

  Great home in great location! This property was fully rehabbed in 2024 and these pictures are from the most recent rent ready. This property is currently rented for $1,850 and will cash flow from day 1. This is priced at the 1% rent to price and will be an excellent addition for the savvy investor and also equity locked in at purchase. No showings without accepted offer and please do not disturb

  Stephen Akindona Kairos Realty

  865 N Evergreen St, Memphis, TN 38107
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  /8

  $154,900

  • 3 Beds
  • 1.5 Baths
  • 1,706 Sq Ft

  3092 Dothan St, Memphis, TN 38118

  Les Jones Brookfield Properties, Inc.

  3092 Dothan St, Memphis, TN 38118
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  /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
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  /15

  $102,000

  • 3 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
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  /24

  $105,000

  • 1 Bed
  • 1 Bath
  • 759 Sq Ft

  1960 N Parkway Unit 605, Memphis, TN 38112

  Single bedroom unit available in the Parkway House! known for its beautiful design and location in the heart of everything Memphis this property is perfect for those who want to be close to the Memphis Zoo, Parks and plenty of your favorite food places along with the famous Rhodes College Campus . A single bedroom unit does not come around often so come give it a look!

  James Hooker Tiger Realty

  1960 N Parkway Unit 605, Memphis, TN 38112
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  /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
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  /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
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  /2

  $155,000

  • 3 Beds
  • 1 Bath
  • 1,112 Sq Ft

  4401 Quince Rd, Memphis, TN 38117

  Amazing investment opportunity available in Colonial Acres area!! This property could make a wonderful addition to your portfolio. Tenant occupied, professionally managed and currently rented for $1195/mo. 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 without an accepted

  William Haynes Crye-Leike, Inc., REALTORS

  4401 Quince Rd, Memphis, TN 38117
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  /16

  $158,000

  • 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
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  /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
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  /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
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  /2

  $140,000

  • 4 Beds
  • 2 Baths
  • 1,593 Sq Ft

  3258 Yale Ave, Memphis, TN 38112

  Great opportunity to own an income-producing duplex! 2-bed/1-bath on each side currently renting for $750/unit. Conventional, VA, and FHA offers are welcome; tenant-occupied; showing allowed only after offer acceptance. DO NOT DISTURB TENANTS

  Kim Harper Groome & Co.

  3258 Yale Ave, Memphis, TN 38112
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  /24

  $185,000

  • 4 Beds
  • 2 Baths
  • 1,542 Sq Ft

  2170 Vollintine Ave, Memphis, TN 38108

  Completely Renovated 4 Bedroom 2 Bath Home in Historic Vollintine Evergreen District. Improvements Include: New Roof, New HVAC System, New Water Heater, New Aluminum Windows, New 200 AMP Breaker Box & Freshley Painted Inside & Outside. New Ceiling Fans in all Rooms. Refinished Hardwood Floors in Living Room, Dining Room and all Bedrooms. Renovated Kitchen & Both Bathroom with Ceramic Tile

  Joseph Doughton KAIZEN Realty, LLC

  2170 Vollintine Ave, Memphis, TN 38108
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  /7

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,174 Sq Ft

  1137 Kney St, Memphis, TN 38107

  Well maintained investment property! Property is currently tenant occupied paying $950/month. Spacious 3 bedroom 1 bathroom home. Please do not disturb tenant.

  Kendrick Garcia Fast Track Realty, LLC

  1137 Kney St, Memphis, TN 38107
• 

  

  /14

  $180,000

  • 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
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  /20

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,162 Sq Ft

  1229 Marlin Rd, Memphis, TN 38116

  Awesome chance to buy a great-looking home in Whitehaven - just fix up the inside and get it occupied! This performed very well for the owner, with a great multi-year tenant; they are selling to invest in their local market. This house is very unique, with a large back yard, screened-in sun porch, separate dining and living rooms and a garage! All of this makes for a really nice addition to any

  Randall Weatherall Memphis Metro Realty

  1229 Marlin Rd, Memphis, TN 38116
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  /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

  $129,250

  • 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

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