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Memphis, TN Homes for Sale under $200,000

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  • /2

    $115,000

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

    1797 Dupont Ave, Memphis, TN 38127

    Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1.5 baths. Currently renting for $1,350 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 15 other rental houses available also.

    Harry Samuels Pinnacle Realty

    1797 Dupont Ave, Memphis, TN 38127
  • /22

    $155,000

    • 1 Bed
    • 1.5 Baths
    • 938 Sq Ft

    4400 Poplar Ave Unit 48, Memphis, TN 38117

    Welcome to The Marsonne ! Investment opportunity with this Upstairs flat in a gated community. Currently this property can be rented. The perfect East Memphis location in a gated community. Charming courtyard and pool. 1 assigned covered parking space and 1 uncovered parking space with plenty of guest parking spaces.

    Adam Watson Keller Williams

    4400 Poplar Ave Unit 48, Memphis, TN 38117
  • /6

    $139,874

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

    4195 Cedartree Dr, Memphis, TN 38141

    BACK ON MARKET 10/26 BUYER FINANCING FAILED What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a cozy

    Tijuana Wallace Keller Williams

    4195 Cedartree Dr, Memphis, TN 38141
  • /10

    $172,000

    • 10 Beds
    • 3,301 Sq Ft

    488 Laclede Ave, Memphis, TN 38126

    Well kept and effecient 10 bedroom rooming house. Currently vacant but sellers have tenants on stand by.

    Christopher Batts C21 Patterson & Assoc. Real Es

    488 Laclede Ave, Memphis, TN 38126
  • /13

    $121,000

    • 5 Beds
    • 2.5 Baths
    • 2,200+ Sq Ft

    449 Fernwood Ave, Memphis, TN 38106

    INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No

    Tyler Tapley Crye-Leike, Inc., REALTORS

    449 Fernwood Ave, Memphis, TN 38106
  • /36

    $169,000

    • 2 Beds
    • 2 Baths
    • 1,338 Sq Ft

    5013 Scheibler Rd Unit C1, Memphis, TN 38128

    A rare chance to own one of the cottages at Lutheran Village. This condo community is for residents 55 yrs and older. HOA fee includes 6 dinners a month with the option for add on meals, basic cable, 1 cleaning every other week, Shuttle to and from grocery store. Owner's amenities include access to fitness area, beauty shop, and guest room. There is a flex room that could be used as a 3rd bedroom

    Amanda Kirkman KAIZEN Realty, LLC

    5013 Scheibler Rd Unit C1, Memphis, TN 38128
  • /10

    $170,000

    • 1 Bed
    • 1 Bath
    • 800+ Sq Ft

    655 S Riverside Dr Unit 1008A, Memphis, TN 38103

    Premier Gated Community in Downtown Memphis! This united is located on the 10th floor in the highly sought after River Towers! This gated building has 24 hour security guard, pool, tennis court, outdoor grilling area, workout room, gated pet area, catering kitchen boardroom and ample common spaces for entertaining! The monthly maintenance fee include all utilities!! Great Place to relax and watch

    Mike Ford Coldwell Banker Heritage Homes

    655 S Riverside Dr Unit 1008A, Memphis, TN 38103
  • /10

    $150,000

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

    4585 S Berrypick Ln, Memphis, TN 38141

    Very Nice starter Home or Rental.3 Bedrooms, 2 Baths, Kitchen with eat-in area. There is a small fenced in Backyard plus a huge detached garage/Workshop. House is neat and clean and is in good shape.

    Billy Price Crye-Leike, Inc., REALTORS

    4585 S Berrypick Ln, Memphis, TN 38141
  • /2

    $120,684

    • 3 Beds
    • 2 Baths
    • 1,488 Sq Ft

    1910 Whitney Ave, Memphis, TN 38127

    Opportunity awaits at 1910 Whitney! A solid property with great potential, perfect for investors expanding their portfolio or homebuyers ready to personalize their space. Functional layout with room to refresh, reimagine, or add value. Portfolio opportunity available. No wholesalers. New Roof

    Shaneathia Armstrong C21 Patterson & Assoc. Real Es

    1910 Whitney Ave, Memphis, TN 38127
  • /23

    $135,000

    • 2 Beds
    • 1 Bath
    • 759 Sq Ft

    2881 Tutwiler Ave, Memphis, TN 38112

    Welcome to 2881 Tutwiler! This fully renovated home features an open-concept layout perfect for family living, brand-new appliances, updated major systems, and modern finishes throughout. Enjoy a spacious backyard and a new front gate for added privacy. Completely move-in ready, just bring your furniture and enjoy worry-free living.

    Gloria De Leon Fast Track Realty, LLC

    2881 Tutwiler Ave, Memphis, TN 38112
  • /4

    $150,000

    • Land
    • 1.43 Acres
    • $104,895 per Acre

    10972 U S Highway 64, Arlington, TN 38002

    BACK ON THE MARKET. For sale is the total of 1.43 acres for the lots located at 10972 and 10982. The property was rezoned as general commercial. There is about 261 feet of road frontage. Electrical and water are at the street. Soil map has been done for septic permit application.

    Elena Holcomb John Green & Co., REALTORS

    10972 U S Highway 64, Arlington, TN 38002
  • /25

    $190,000

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

    1776 Dorrie Ln, Memphis, TN 38117

    Attention investors! Add this cash-flowing Section 8 rental property to your portfolio! Current owner spent nearly $40k on updates since in 2022: NEW ROOF, FULLY RENOVATED BATHROOMS, ALL NEW interior paint, NEW kitchen cabinets & countertops, NEW washer, dryer, dishwasher, garbage disposal, sink, ceiling fans and more! All hardwood floors & tile - NO CARPET! Awesome one-level floorplan with

    Lauren Waites Real Estate Agency

    1776 Dorrie Ln, Memphis, TN 38117
  • /10

    $159,850

    • 3 Beds
    • 1 Bath
    • 1,055 Sq Ft

    3648 Miami Cove, Memphis, TN 38111

    BEAUTIFUL NEWLY RENOVATED 3 BEDROOM, BRICK HOME. FRESHLY PAINTED INTERIOR & EXTERIOR, REFINISHED HARDWOOD FLOORS RENOVATED KITCHEN WITH CUSTOM CABNETS WITH COOKTOP. NEW CARPET IN BEDROOMS, TOTALLY RENOVATED BATHROOM. A MUST SEE! THIS HOME QUALIFY FOR FIRST-TIME HOMEBUYER PROGRAM. SCHEDULE YOUR APPT. TODAY. THANKS!

    Helen Jackson Good Shepherds Realty & Invest

    3648 Miami Cove, Memphis, TN 38111
  • /11

    $200,000

    • 3 Beds
    • 2 Baths
    • 1,174 Sq Ft

    7794 Mesa Dr, Memphis, TN 38133

    Are you needing a no-hassle, no-stress, move-in ready home? You found it! This newly renovated 3 bedroom/2 bath home is just waiting for its new owners to turn the key and enjoy! The home boasts new appliances, new flooring, new lighting, new paint, and the list goes on! Come take a look today!

    Erik Pieniazek Steadfast Home Advisors

    7794 Mesa Dr, Memphis, TN 38133
  • /10

    $129,900

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

    4250 Trudy St, Memphis, TN 38128

    Charming 3-bedroom, 1-bath home nestled in the desirable 38128 area! Completely renovated in 2021, this move-in-ready property features a new roof, updated water heater, and a warm, functional layout. Enjoy excellent curb appeal and a spacious fenced backyard—perfect for relaxing, entertaining, or making a smart investment.

    Thomas Zettergren Premier Realty Group, LLC

    4250 Trudy St, Memphis, TN 38128
  • /12

    $195,000 New Construction

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

    986 Seattle St, Memphis, TN 38114

    Beautiful 3 bed, 2.5 bath Brand New Construction in Cooper Young! Comes with a 1 Year Builder Warranty. Granite, modern fixtures, amenities and finishes. Photos will be updated upon completion.

    Brett Bernard The Stamps Real Estate Company

    986 Seattle St, Memphis, TN 38114
  • /8

    $114,000

    • 3 Beds
    • 1 Bath
    • 1,023 Sq Ft

    1560 Delano Ave, Memphis, TN 38127

    INVESTORS ONLY! MULTIPLE PROPERTY PORTFOLIO Seller prefers bulk offers but will look at individual offers. Tenant occupied property available for sale. Professionally managed by Foundation Property Management. Lease and ledger available upon request. Currently rented for $950/month through 10/30/2027. No creative or owner financed offers. No wholesalers or assignments. Do not disturb or approach

    James Wachob Foundation Property Management

    1560 Delano Ave, Memphis, TN 38127
  • /27

    $150,000

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

    2663 Central Terrace Unit 30, Memphis, TN 38111

    Welcome to a prime unit in Villas at Chickasaw Condominiums, your secure, gated retreat in the heart of Midtown just minutes from the Liberty Bowl Stadium, the University of Memphis (U of M), and Christian Brothers University (CBU)! This stylish condo is designed for modern living. The main level boasts an open-concept living and dining area, complemented by a stunning kitchen featuring a central

    MeYucca Rayner Crye-Leike, Inc., REALTORS

    2663 Central Terrace Unit 30, Memphis, TN 38111
  • /8

    $129,900

    • 3 Beds
    • 1 Bath
    • 1,146 Sq Ft

    4511 Sumners Wells Rd, Memphis, TN 38118

    Great 3-bedroom 2 bath home with great price. A must see.

    Fred Sengstacke KAIZEN Realty, LLC

    4511 Sumners Wells Rd, Memphis, TN 38118
  • /9

    $150,000

    • 3 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft

    596 Burdette Ave, Memphis, TN 38127

    Discover this lovely 3-bedroom, 1.5-bathroom home located in a great neighborhood, featuring covered parking and a spacious corner lot. The home also boasts brand new windows, adding to its appeal and energy efficiency. This property qualifies for special financing options through the City of Memphis. Don’t miss your chance—schedule a showing today! This opportunity won’t last long

    Lakesha Lilly Leatherwood The Home Partners Realty

    596 Burdette Ave, Memphis, TN 38127
  • /34

    $174,000

    • 6 Beds
    • 2.5 Baths
    • 1,400+ Sq Ft

    516 E Raines Rd, Memphis, TN 38109

    6-bed, 2.5-bath home in Whitehaven with tons of potential! The main house offers 4 beds, 1.5 baths, updated front windows, and a 2-year-old roof. Enjoy a spacious in-and-out front driveway and a huge backyard. The separate in-law suite features 2 beds, 1 full bath, LR, kitchen, its own address, and private parking pad. Sq Ft is estimated so buyer must do own due diligence. Previously used as a

    Lucinda George BenchMark REALTORS, LLC

    516 E Raines Rd, Memphis, TN 38109
  • /28

    $200,000

    • 3 Beds
    • 2 Baths
    • 1,304 Sq Ft

    1253 S Barksdale St, Memphis, TN 38114

    This charming Tudor-style bungalow has been perfectly renovated and sits just blocks from Cooper-Young’s restaurants, breweries, and boutiques. Step through the inviting covered porch into the living room with arched doorways, refinished hardwood floors, and a gas fireplace. The remodeled kitchen showcases white shaker cabinets, granite countertops and stainless steel appliances. Stylish updated

    Meredith Vezina Keller Williams

    1253 S Barksdale St, Memphis, TN 38114
  • /2

    $172,000

    • 3 Beds
    • 2 Baths
    • 1,800+ Sq Ft

    3421 Adrick Rd, Memphis, TN 38128

    PACKAGE SALE. Six properties. DRIVE-BY ONLY!!! No sign on properties. TENANT RIGHTS. DO NOT DISTURB TENANTS!!! Package includes 4616 Blanding Dr, 4243 Sunnyslope Dr, 2865 Danville Cv, 3763 Clearbrook St and 3711 Wolf Trail Dr. Total purchase price is $845,000. All properties rented & occupied. Combined monthly rent collected $6502. Text or call listing agent for more details. Properties NOT being

    Brook Loper 901 Properties

    3421 Adrick Rd, Memphis, TN 38128
  • /11

    $165,000

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

    3731 Whittier Rd, Memphis, TN 38108

    Beautiful 3 bed, 2 bath Brand New Construction! Comes with a 1 Year Builder Home Warranty. Everything is new! LVP flooring throughout. Beautiful finishes and fixtures. Great Starter home! INVESTORS: Projected MHA Rents of $1500-1600 per month. NOTE: Pictures are of Model Home. This home is the exact same floor plan, square footage, and finishes. Video available upon request. Do not miss out!

    Brett Bernard The Stamps Real Estate Company

    3731 Whittier Rd, Memphis, TN 38108
  • /14

    $145,000

    • 1 Bed
    • 1 Bath
    • 800+ Sq Ft

    820 Creekside Dr Unit 1, Memphis, TN 38117

    Welcome to Audubon Square Condominiums in East Memphis! This charming, gated community offers a peaceful, friendly atmosphere with beautifully cared-for grounds and easy access to shopping, local dining, and all the highways you need. Residents enjoy great amenities like three sparkling pools, a clubhouse, tennis courts, and assigned covered parking, everything you need to relax and enjoy life.

    Erica Johnson Keller Williams

    820 Creekside Dr Unit 1, Memphis, TN 38117
  • /15

    $165,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,030 Sq Ft

    820 Semmes St, Memphis, TN 38111

    Tammy Coleman Legendary Realty

    820 Semmes St, Memphis, TN 38111
  • /22

    $129,900

    • 4 Beds
    • 2 Baths
    • 1,769 Sq Ft

    645 Mcwhirter Ave, Memphis, TN 38127

    Wonderful Duplex that is currently Vacant. NO CITY TAXES. ONLINE VIDEO AVAILABLE UPON REQUEST. This can be a great investment property for you. Could also live on one side and rent the other if wanted. Market rent is $900/side. Tenants pay all utilities. Each unit has new paint and is in rent-ready condition. RARE OPPERTUNITY (Not many duplexes in this area, can generate a lot of positive

    Tyler Tapley Crye-Leike, Inc., REALTORS

    645 Mcwhirter Ave, Memphis, TN 38127
  • /11

    $195,000

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

    1917 Tahiti Ln, Memphis, TN 38117

    Welcome to 1917 Tahiti Lane, a beautifully 3-bedroom, 2-bathroom home located in a desirable Memphis neighborhood. This property offers the ideal blend of modern comfort, style, and investment potential — perfect for savvy investors. Step inside to discover a thoughtfully designed layout featuring spacious living areas, gorgeous hardwood floors, and contemporary finishes throughout. Secure a

    James Wachob Foundation Property Management

    1917 Tahiti Ln, Memphis, TN 38117
  • /8

    $122,500

    • 2 Beds
    • 2 Baths
    • 1,092 Sq Ft

    706 Lester St, Memphis, TN 38112

    Turnkey rental in Binghampton ready to be added to your portfolio! 1br units each side, one is vacant but rent ready and the other is occupied at $600! Minutes away from Overton Park, tons of shopping, dining and amenities along Summer and Broad Ave, also easy access to I-40. Please don’t disturb tenants and make all offers contingent upon inspection.

    Duane Kinnard Tri-Leake Realty

    706 Lester St, Memphis, TN 38112
  • /31

    $139,900

    • 4 Beds
    • 1.5 Baths
    • 1,044 Sq Ft

    3860 Castleman St, Memphis, TN 38118

    This lovely 4-bedroom, 1.5 -bath ranch-style home greets you with a large front yard and inviting curb appeal. Inside, you'll find a comfortable layout ideal for everyday living. Perfect for first-time buyers or anyone seeking single-story convenience, this home blends comfort, charm, and modern touches.

    Alexis Martz Trelora Realty

    3860 Castleman St, Memphis, TN 38118
  • /2

    $170,000

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

    803 Shotwell St, Memphis, TN 38111

    Great Investment Opportunity near University of Memphis. Covered Parking. No showings until the home is under contract. Make offer contingent on inspection. Current tenant paying $1,000/mo..

    Danny Lipsey Keller Williams

    803 Shotwell St, Memphis, TN 38111
  • /5

    $160,000

    • Land
    • 4.41 Acres
    • $36,281 per Acre

    0 Mullins Station Rd, Memphis, TN 38134

    AMAZING Opportunity for a Developer! Lot 19 is 2.56 Acres and Lot 20 is 1.85 Acres Totaling 4.41 Acres. Lot 19 Parcel ID:089051 00149 and Lot 20 Parcel ID:089051 00155 are being sold together. Small storage area with a roof is on the property.

    Melissa Blume Thompson eXp Realty

    0 Mullins Station Rd, Memphis, TN 38134
  • /10

    $195,000

    • 4 Beds
    • 2 Baths
    • 1,937 Sq Ft

    4578 Boeingshire Dr, Memphis, TN 38116

    Very nice home in great neighborhood. This property has been fully renovated, tenant occupied. Minutes from Graceland and the Airport..

    James Harvey Jr Keller Williams

    4578 Boeingshire Dr, Memphis, TN 38116
  • /17

    $149,900

    • 4 Beds
    • 2 Baths
    • 1,325 Sq Ft

    1278 Edith Ave, Memphis, TN 38106

    Cash flowing rental property (duplex) for sale. Brick exterior and updated in many ways. Roof is about 3 years old. Other recent improvements: windows, new plumbing, updated electrical, 2 new water tanks, new HVAC, paint LVP flooring and more. Both side of this duplex are currently rented at $730 and $700 ($1430 total) so this is not quite a 1% rule but it is very close. This is a situation where

    James Anson Underwood Crye-Leike, Inc., REALTORS

    1278 Edith Ave, Memphis, TN 38106
  • /4

    $199,900

    • Land
    • 0.91 Acre
    • $219,670 per Acre

    7999 Club Center Dr, Memphis, TN 38016

    Prime Commercial Lot in High-Traffic Cordova Location! Excellent opportunity to own a high-visibility commercial lot in the heart of Cordova! This prime piece of real estate is perfectly situated across the street from a bustling retail shopping center, Cordova Skating Center, Cordova Bowling Center, and Raleigh Tire Auto Service—ensuring maximum exposure and foot traffic for your future

    Audrey Davis REMAX Experts

    7999 Club Center Dr, Memphis, TN 38016
  • /13

    $200,000

    • 3 Beds
    • 2 Baths
    • 1,804 Sq Ft

    3472 Castleman St, Memphis, TN 38118

    This very spacious home 3-bedroom,2 bath, huge den, separate dining room, living room, huge office, eat-in kitchen, laundry room, fenced back yard for privacy. Central A.C only one year old. New paint inside and outside, sewage system, flooring and window Blinds throughout the home, less than 2 years old. Bathroom updated. Wooddale Middle and High school across the street. Sellers are in the

    Dorothy Bolden Destiny Realty Services

    3472 Castleman St, Memphis, TN 38118
  • /13

    $123,000

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

    2370 Faxon Ave, Memphis, TN 38112

    Large 2 bedroom/ 1 bath with attached 1 car carport, in the Binghampton area. Available to move-in immediately. Separate living room, dining room, and family room. Fireplaces in living room and family room, hardwood floors throughout. Office/work area off the kitchen. It needs some updating but is priced accordingly. Large lot and good curb appeal at an affordable price. EM $2,000 and proof of

    Sam Hanks Broker South Realty

    2370 Faxon Ave, Memphis, TN 38112
  • /22

    $175,000

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

    1485 Ivy Rd, Memphis, TN 38117

    Charming, recently updated 3br, 1.5ba home in the heart of East Memphis! Updated kitchen including new cabinets, fixtures, and flooring. New AC unit August 2024. New LVP flooring in kitchen, pantry, laundry room, and den. Lots of room with a Living Room, separate Dining Room, Breakfast Room, and large Den, over 1,500 square feet. New extra long driveway. Close to shopping, restaurants, and

    Bradley Conder John Green & Co., REALTORS

    1485 Ivy Rd, Memphis, TN 38117
  • /10

    $129,900

    • 3 Beds
    • 1 Bath
    • 1,483 Sq Ft

    975 N Avalon St, Memphis, TN 38107

    Nice solid brick home that would be a great rental os for a home owner will to do some cosmetic work.

    Joe King Marathon REALTORS, LLC

    975 N Avalon St, Memphis, TN 38107
  • /7

    $125,000

    • 4 Beds
    • 1 Bath
    • 1,188 Sq Ft

    3614 Trudy Cove, Memphis, TN 38128

    tenant occupied investment property, do not disturb tenant. Tenant's rights apply. showings only permitted with accepted offer. Interior photos depict condition before current tenant occupancy.

    Justin Thorne HomePlace Real Estate

    3614 Trudy Cove, Memphis, TN 38128

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