Memphis, TN Homes for Sale under $200,000

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  /2

  $200,000

  • Land
  • 58.62 Acres
  • $3,412 per Acre

  0 Cessna Rd, Memphis, TN 38109

  A developer's dream, farm/industrial land for all of the seasons crops; or the ideal location for a homestead. Over 58 acres to create it your own. Drive by anytime. Make an offer. See offer instructions in documents or 9013642317

  Raelynn Dorsey Adaro Realty, Inc.

  0 Cessna Rd, Memphis, TN 38109
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  /11

  $115,900

  • 5 Beds
  • 1 Bath
  • 1,152 Sq Ft

  2665 Marlene St, Memphis, TN 38118

  TENANT OCCUPIED DO NOT DISTURB TENANT. LEASED FOR $1250/MO. TILL 12/31/2027. SUBMIT YOUR OFFER AFTER ACCEPTANCE WE WILL GET YOU INSIDE FOR YOUR INSPECTION. Beautiful ranch style brick home with 5 bedrooms...or 4 bedrooms plus a family room, Carport! Nice size backyard--fenced!

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  2665 Marlene St, Memphis, TN 38118
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  /17

  $169,000

  • 2 Beds
  • 2 Baths
  • 1,401 Sq Ft

  6765 Kirby Lawn Cove, Memphis, TN 38119

  This property features two bedrooms and two full baths, with primary suite conveniently located downstairs. Enjoy hardwood/laminate flooring throughout. New bathtub/shower 2022 brand new water heater and dishwasher 2026. New interior paint. wood burning fireplace.

  Lila Mehdian Crye-Leike, Inc., REALTORS

  6765 Kirby Lawn Cove, Memphis, TN 38119
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  /2

  $109,150

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  3696 Parfet Cove, Memphis, TN 38128

  Welcome to 3696 Parfet Cove. This charming 3-bedroom, 1-bathroom home presents a solid investment opportunity. Located on a quiet cove, the property features a functional layout, low-maintenance design, and strong rental appeal. With a stable tenant in place and consistent cash flow, this is a turnkey addition to any investment portfolio. TENANTED PROPERTY – DO NOT APPROACH OR DISTURB TENANTS. No

  James Wachob Foundation Property Management

  3696 Parfet Cove, Memphis, TN 38128
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  /32

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,291 Sq Ft

  5128 Jessie Lee Ln, Memphis, TN 38118

  Step into this beautifully maintained and thoughtfully updated 3-bedroom, 2-bathroom home nestled in a peaceful, tree-lined neighborhood. With recent upgrades this home blends classic comfort with modern functionality — perfect for a first-time homebuyer, a small family, or an investor looking for a turnkey rental. Roof replaced (2020) — peace of mind for years to come! Energy-efficient windows

  John Payne BEST Real Estate Company

  5128 Jessie Lee Ln, Memphis, TN 38118
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  /9

  $140,000

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

  1992 Driftwood Ave, Memphis, TN 38127

  Great Investment Opportunity! This fully rehabbed 3-bedroom, 2-bath home is already tenant-occupied, making it an excellent turnkey investment. Property tours are available only with an accepted offer. Don’t miss out on this income-producing opportunity! Do not disturb tenant

  Erika Dean Agba Crye-Leike, Inc., REALTORS

  1992 Driftwood Ave, Memphis, TN 38127
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  /26

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,385 Sq Ft

  3780 Joest Dr, Memphis, TN 38127

  Welcome to 3780 Joest Dr, Memphis, TN—a beautifully newly renovated 2 bedroom, 2 bathroom home offering modern finishes and move-in ready comfort. Enjoy luxury vinyl plank flooring throughout, creating a seamless and stylish look. Both bathrooms have been fully updated with all-new shower tile, floor tile, and modern vanities. The kitchen shines with brand-new cabinets, granite countertops, and

  Joshua Moss KAIZEN Realty, LLC

  3780 Joest Dr, Memphis, TN 38127
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  /15

  $179,900

  • 3 Beds
  • 2 Baths
  • 1,430 Sq Ft

  6379 S Fawn Hollow Cir, Memphis, TN 38141

  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

  6379 S Fawn Hollow Cir, Memphis, TN 38141
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  /7

  $107,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4857 Shayne Ln, Memphis, TN 38109

  Welcome to 4857 Shayne Ln, Memphis, Tennessee 38109! This versatile 3-bedroom, 1-bath home offers a great opportunity for both investors and homeowners. Featuring stylish LVP floors throughout, a spacious living area, and a modern kitchen with sleek white shaker cabinets, it’s a perfect blend of comfort and functionality. Central heating and air ensure year-round comfort, and the large fenced

  James Wachob Foundation Property Management

  4857 Shayne Ln, Memphis, TN 38109
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  /12

  $120,000

  • 2 Beds
  • 1.5 Baths
  • 1,404 Sq Ft

  779 Chatwood Cove, Memphis, TN 38122

  Conveniently located duplex with two 2-bedroom, 1.5-bath units, both currently occupied. Great investment opportunity! Combined or individual offers on the units are welcome.

  John Quinn REMAX Experts

  779 Chatwood Cove, Memphis, TN 38122
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  /7

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,038 Sq Ft

  3825 Range Line Rd, Memphis, TN 38127

  Very nicely updated home on corner lot with large fenced back yard. Great starter home or a perfect house for retirement. Freshly painted inside with new wood flooring in living room/dining room, and new carpet in all bedrooms. New refrigerator and dishwasher in kitchen. New ceiling fans and light fixtures throughout. Call with questions or for an appointment today.

  Larry Alexander REMAX Experts

  3825 Range Line Rd, Memphis, TN 38127
• 

  

  /23

  $139,500

  • 3 Beds
  • 1 Bath
  • 1,441 Sq Ft

  3219 Nathan Ave, Memphis, TN 38112

  Great home in great location! This property was fully rehabbed in 2023 and these pictures are from the most recent rent ready. This property is currently rented for $1,395 and is cash flowing 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

  3219 Nathan Ave, Memphis, TN 38112
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  /24

  $195,000

  • 3 Beds
  • 2 Baths
  • 1,167 Sq Ft

  1649 Barbie St, Cordova, TN 38016

  Charming 3-bedroom, 2-bath home with excellent curb appeal and a desirable split-bedroom floor plan. The spacious living room features vaulted ceilings and a vented gas fireplace, creating an open and inviting atmosphere. The eat-in kitchen flows seamlessly into the living area, ideal for both everyday living and entertaining. The primary suite offers vaulted ceilings, a private full bath, and a

  Jon Dickens The Firm

  1649 Barbie St, Cordova, TN 38016
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  /13

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  Beautifully updated 3BR/1BA home at 901 Chesterton Rd—currently tenant-occupied and producing rental income. Recent updates include exterior paint; repaired siding, soffit, fascia, porch, and concrete; new exterior lighting; fenced backyard; and refreshed landscaping with new plants and mulch. Interior improvements feature new flooring, drywall and ceiling repairs, fresh paint throughout, updated

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /7

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,263 Sq Ft

  1902 Farrington St, Memphis, TN 38109

  INVESTORS ONLY! Tenant occupied 4 bed 2 bath home. Currently rented at $1550/mo. This could be a great addition to your rental portfolio. Seller also selling 1902 Farrington and 905 Annie (Can buy individually or in bulk). No sign in the yard. Please do not disturb or approach the tenant. Professionally managed. No Creative Or Owner Financed Offers. No Wholesale Or Assignment.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1902 Farrington St, Memphis, TN 38109
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  /3

  $120,000

  • 4 Beds
  • 1.5 Baths
  • 1,234 Sq Ft

  599 Blackhawk Rd, Memphis, TN 38109

  INVESTERS ONLY. Tenant occupied 4 bed 1.5 bath home. Rent is $1177/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

  599 Blackhawk Rd, Memphis, TN 38109
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  /7

  $129,900

  • 3 Beds
  • 1 Bath
  • 916 Sq Ft

  3646 Ridgemont Ave, Memphis, TN 38128

  Check out this completely renovated 3br/1ba home at a great price! Modern finishes, open layout, and stylish updates throughout. Fresh paint inside and out, charming wood shutters, covered parking, natural light with new windows, granite counter tops, custom vent hood, new flooring, renovated bathrooms, and kitchen. You will love the large lot! This home is move in ready.

  Crystal Mitchell Renshaw Company, REALTORS

  3646 Ridgemont Ave, Memphis, TN 38128
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  /3

  $175,000

  • Land
  • 1.4 Acres
  • $125,000 per Acre

  3451 Ridgeway Rd, Memphis, TN 38115

  This CMU-1 Commercially zoned lot is 1.4 +/- Acres in a great location with nearby Apartment communities, single family homes, businesses and churches. Great Road frontage and visabillity! Seller willing to entertain Owner-Financing option

  John Cornes Braden, Braden & Braden LLC

  3451 Ridgeway Rd, Memphis, TN 38115
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  /16

  $199,000

  • 3 Beds
  • 2 Baths
  • 1,347 Sq Ft

  4251 Riviera Rd, Memphis, TN 38108

  Modern Ranch with Character & Space Step into this beautifully updated single-story ranch featuring an inviting covered front entry, sleek black-and-white exterior, and an open-concept interior with stylish accent columns and durable flooring throughout. Move-in ready with a clean, contemporary feel—perfect for comfortable living and entertaining. Schedule your private showing today before it’s

  Juan Martinez eXp Realty, LLC

  4251 Riviera Rd, Memphis, TN 38108
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  /4

  $150,000

  • Land
  • 0.53 Acre
  • $283,019 per Acre

  4150 E Shelby Dr, Memphis, TN 38118

  Lot located on end of Damascus at Shelby Dr. Good frontage with natural drainage. Adjacent to an industrial office. Access to gas/water/elec. Owner would like to sell one, two or all three parcels together. Make us an offer.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  4150 E Shelby Dr, Memphis, TN 38118
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  /18

  $165,000 New Construction

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

  3053 Sunrise St, Memphis, TN 38127

  $5000 BUYER CREDIT for closing costs and prepaids!!! BRAND NEW CONSTRUCTION! INVESTOR SPECIAL! Low maintenance. 4 bed 2bathroom in a great location! One year Builder's Warranty included. Hardi-Plank exterior, Double Insulated Windows. Interior features include Low Maintenance stained concrete floors, custom kitchen cabinets and bathroom vanities with granite counter-tops, upgraded plumbing and

  Brett Bernard The Stamps Real Estate Company

  3053 Sunrise St, Memphis, TN 38127
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  /15

  $157,000

  • 3 Beds
  • 2 Baths
  • 1,301 Sq Ft

  5051 Tulane Rd, Memphis, TN 38109

  Beautifully renovated 3 bed, 2 bath home offering fresh finishes and thoughtful updates throughout. This move-in-ready property features a bright interior with new flooring, fresh paint, updated lighting, new blinds, and repaired drywall for a clean, modern feel. The kitchen has been refreshed with new countertops, sink, faucet, repainted cabinets, and new hardware, while both bathrooms include

  James Wachob Foundation Property Management

  5051 Tulane Rd, Memphis, TN 38109
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  /2

  $173,700

  • Land
  • 29.6 Acres
  • $5,868 per Acre

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127

  Tremendous investment opportunity for those looking to build! HUGE parcel of land in a popular area of 38127, directly behind Hawkins Mill Elementary. This is near the new Amazon & Nike facilities. Affordable price per acre, frontage along Hawkins. Over 29 acres offered. Could be a great development one day. There was additional adjacent acreage that was recently bought by another owner so a lot

  Tyler Tapley Crye-Leike, Inc., REALTORS

  0 Hawkins Mill Rd Unit 10136864, Memphis, TN 38127
• 

  

  /23

  $178,500

  • 3 Beds
  • 1 Bath
  • 1,255 Sq Ft

  3753 Friar Tuck Rd, Memphis, TN 38111

  Freshly painted and in truly move in condition! Beautiful hardwood floors, wood blinds throughout, updated kitchen and bath. Updates include new HVAC in 2022, H2O tank 2022, Blown Insulation 2024. Approximate roof date is 2018. Minutes to the University of Memphis. Quiet street tucked in the middle of Sherwood Forest Neighborhood. O/A

  Alison Restivo The Restivo Group, REALTORS

  3753 Friar Tuck Rd, Memphis, TN 38111
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  /5

  $100,000

  • 3 Beds
  • 2 Baths
  • 984 Sq Ft

  1353 Gill Ave, Memphis, TN 38106

  There is additional home on the property with 1bed/1bath kitchenette and living room.

  Donita Ingram-Brim Doorstep Realty

  1353 Gill Ave, Memphis, TN 38106
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  /9

  $180,000

  • 3 Beds
  • 1 Bath
  • 1,127 Sq Ft

  1141 S White Station Rd, Memphis, TN 38117

  TENANT OCCUPIED at $1,500 through June 2026. Please do not disturb tenant. Offered as a package sale with 1343 S Perkins. Fully updated property with new windows & HVAC as well as updated kitchen & bathroom. Add this property to your portfolio today!

  Reed Rickenbach RE PROS LLC

  1141 S White Station Rd, Memphis, TN 38117
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  /13

  $135,000

  • 3 Beds
  • 2 Baths
  • 1,217 Sq Ft

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming 3-bedroom, 2-bath home situated in an established neighborhood known for its friendly community. Ideal for first-time buyers or those looking to downsize, with space to grow. Major improvements include an 8-year-old roof, interior A/C unit less than 5 years old, and a hot water heater only 11⁄2 years old. The primary and secondary bathrooms have been updated with new tile. Refrigerator,

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127
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  /23

  $200,000

  • 2 Beds
  • 2 Baths
  • 1,567 Sq Ft

  638 Peyton Cir, Memphis, TN 38107

  Cute two/three bedroom home. Fresh exterior paint, new carpet, it's move in ready. Great for a first time home buyer, someone downsizing, or an investor. Located near St Jude Hospital and the Pyramid; nice view of the Pyramid from balcony.

  Harold Haskin Crye-Leike, Inc., REALTORS

  638 Peyton Cir, Memphis, TN 38107
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  /5

  $175,000

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

  2922 Semmes St, Memphis, TN 38114

  New Construction – now underway! 3 bed, 2 bath, 1,000 heated sq ft. Estimated completion October 15, 2025. Showings allowed during construction. Buyers who go under contract early may have the opportunity to select finishes like paint, flooring, and lighting. Contact listing agent for floor plans, renderings, and weekly progress updates.

  Cesar Lara Fast Track Realty, LLC

  2922 Semmes St, Memphis, TN 38114
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  /19

  $120,000

  • 2 Beds
  • 1 Bath
  • 1,114 Sq Ft

  837 Homer St, Memphis, TN 38122

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  837 Homer St, Memphis, TN 38122
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  /40

  $133,800

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

  232 S Highland St Unit 608, Memphis, TN 38111

  "The Edinborough" is the lifestyle that you want to live in the heart of Memphis with a 24/7 Doorman. ( 3% closing costs help w/ a full price offer)This exclusive 2 bedroom, 2 bath condominium has a 6th floor corner view of the swimming pool. Close to White Station Schools & The University of Memphis. Lots of countertop & cabinet space in kitchen. New hot water heater, new floor in dr, new

  Robert Farris Crye-Leike, Inc., REALTORS

  232 S Highland St Unit 608, Memphis, TN 38111
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  /10

  $107,000

  • 3 Beds
  • 1 Bath
  • 854 Sq Ft

  4530 Beacon Hill Dr, Memphis, TN 38127

  Fully renovated 3-bedroom, 1-bath home featuring a new roof, windows, flooring, fresh interior and exterior paint, updated bathroom, and new light fixtures throughout. Property is associated with 2851 Carnes Ave and may be purchased individually or as a package. No seller financing or contract assignments. Don’t miss this opportunity!

  Bernard Evans 4 Success Realty, LLC

  4530 Beacon Hill Dr, Memphis, TN 38127
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  /11

  $120,000

  • 2 Beds
  • 1 Bath
  • 1,043 Sq Ft

  3580 Allandale Ln, Memphis, TN 38111

  REDUCED!!! Move in ready!!! Cute cottage home in sought after Sherwood Forest Subdivision. Great for first time homebuyer. Down Payment assistance may be available with local lenders. Recent interior paint and new laminate floor installed in bedroom. Close to schools, and interstate. Large fenced in back yard. Cute cottage home for first time homebuyer or investor. Lovely Sherwood Forest Walking

  Toni Withers Stewart Crye-Leike, Inc., REALTORS

  3580 Allandale Ln, Memphis, TN 38111
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  /7

  $180,000

  • 3 Beds
  • 1 Bath
  • 1,132 Sq Ft

  1343 S Perkins Rd, Memphis, TN 38117

  TENANT OCCUPIED at $1,450 through December 2026. Please do not disturb tenant. Offered as a package sale with 1141 S White Station. Fully updated property with new windows, remodeled kitchen & bath. Add this property to your portfolio today!

  Reed Rickenbach RE PROS LLC

  1343 S Perkins Rd, Memphis, TN 38117
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  /7

  $145,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,195 Sq Ft

  3644 Sunrise St, Memphis, TN 38127

  Brand-new construction with tons of potential! This beautiful 3-bedroom, 2-bath home is approximately 90% complete and ready for your personal touch. Enjoy an open floor plan with great natural light and a spacious layout designed for comfortable living. Finish the final details exactly the way you like , flooring, fixtures, and paint, and make it your dream home. Conveniently located near parks,

  Patricia Padial KAIZEN Realty, LLC

  3644 Sunrise St, Memphis, TN 38127
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  /18

  $179,000

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

  2589 Browning Ave, Memphis, TN 38114

  This 3-bedroom, 2-bath home offers an open floor plan, stainless steel appliances, and a spacious kitchen island perfect for cooking, gathering, or unwinding after a long day. Custom security doors at the front and back entrances provide added peace of mind. This move-in ready, newer-construction home blends style, function, and affordability. Whether you’re purchasing your first home or seeking

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

  2589 Browning Ave, Memphis, TN 38114
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  /6

  $175,000

  • 4 Beds
  • 2 Baths
  • 1,536 Sq Ft

  3654 Kearney Ave, Memphis, TN 38111

  Awesome East Memphis Duplex for sale! One side rented ($850/mo.), the other will be vacant effective Feb 2026. Very close to the University of Memphis. Great long-term investment property. Or you could live in one side and collect rent in the other (house hack). FHA, VA, Conventional offers welcome. This is a great location with a large yard. ONLINE VIDEO AVALAIABLE UPON REQUEST. Property is

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3654 Kearney Ave, Memphis, TN 38111
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  /13

  $100,000

  • 2 Beds
  • 1 Bath
  • 908 Sq Ft

  1023 Parkland Rd, Memphis, TN 38111

  Excellent opportunity for buyers seeking steady rental income $1,000/month rent | Lease ends 12/01/2026. Stable tenant, strong rental demand, and great passive income potential. Situated on a generous 0.25-acre lot, just minutes from the University of Memphis. Lease and Ledger available on request.

  Lakesha Lilly Leatherwood The Home Partners Realty

  1023 Parkland Rd, Memphis, TN 38111
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  /31

  $185,000

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

  3330 Highland Park Place, Memphis, TN 38111

  Great Opportunity in 38111! This classic 2-bedroom, 1-bath Midtown bungalow offers 1,180 square feet of potential and charm. Inside, you'll find original hardwood floors, a cozy living room with a fireplace, and a separate dining area with great natural light. The kitchen leads to a spacious backyard with mature trees — perfect for relaxing or entertaining. A bonus sunroom provides extra flex

  Robert Hunt Epique Realty

  3330 Highland Park Place, Memphis, TN 38111
• 

  

  /23

  $117,000

  • 3 Beds
  • 2 Baths
  • 1,705 Sq Ft

  3158 Ford Rd, Memphis, TN 38109

  Solid brick 3-bedroom, 2-bath home with great bones and a spacious layout. Sitting beautifully on a private, level lot with a large backyard perfect for outdoor living with a covered patio ready for gatherings or quiet evenings. Inside you’ll find a functional floor plan with room to personalize and update to your style. Whether you're a first-time buyer looking to build equity or an investor

  Elliot Cerezo The Home Partners Realty

  3158 Ford Rd, Memphis, TN 38109

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