Memphis, TN Homes for Sale under $200,000

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  /20

  $175,000

  $25K PRICE DROP

  • 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 3739 Spottswood.

  Crystal Mitchell Renshaw Company, REALTORS

  582 Watson St, Memphis, TN 38111
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  /24

  $100,000

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3646 Spottswood Ave Unit 9, Memphis, TN 38111

  Come see this 2 bedroom, 1 bath condo near the University of Memphis before school starts! This ground floor, single-story unit is perfect for an owner occupant or an investor. Anchored by the University, property values will always be stable. The previous owner has installed new floors and applied fresh paint throughout. The current owner has replaced the water heater! Allappliances remain. This

  Jenna Williamson Green Bee Real Estate

  3646 Spottswood Ave Unit 9, Memphis, TN 38111
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  /13

  $164,000

  $56K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,731 Sq Ft

  4006 Bernadine Dr, Memphis, TN 38116

  4 Bedroom 2 bath home with major systems updated including almost new Trane HVAC system. This one needs some cosmetic improvements but has good bones. Hardwood flooring under carpet downstairs, hardwood up. Great for investor looking to add to their portfolio. Seller is looking for "AS IS" sale. Bring offers.

  Melinda & Eddie Crosslin Crye-Leike, Inc., REALTORS

  4006 Bernadine Dr, Memphis, TN 38116
• 

  

  /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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  /37

  $100,000

  $15K PRICE DROP

  • 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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  /19

  $125,000

  • 3 Beds
  • 2.5 Baths
  • 1,553 Sq Ft

  5422 Gatehouse Dr Unit 5422, Memphis, TN 38134

  Priced to sell in Bartlett! This 3-bedroom, 2.5-bath condo in The Highland Bartlett Condominium Association offers space, function, and affordability at only $125,000. If you’ve been wondering what you can afford in today’s market, this may be your opportunity. Great option for a first-time buyer, downsizer, or investor looking for value in a convenient Bartlett location. Don’t miss it! Photos

  Miltha Martinez eXp Realty, LLC

  5422 Gatehouse Dr Unit 5422, Memphis, TN 38134
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  /2

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,663 Sq Ft

  777 S Prescott St, Memphis, TN 38111

  Calling all investors, tenant occupied property currently rented at $1345 a month with lease sending 04/30/2026, with professional management in place. Add this spacious 3 bed/ 2 bath home with garage to your investment portfolio for only 150k in East Memphis.

  Amanda Kirkman KAIZEN Realty, LLC

  777 S Prescott St, Memphis, TN 38111
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  /13

  $120,000

  • 4 Beds
  • 2 Baths
  • 1,260 Sq Ft

  560 W Peebles Rd, Memphis, TN 38109

  Really nice 4bed 2bath home. Home has brand new kitchen (new kitchen counter tops, new sink, new tile, new cabinets) Tons of space for buyers. Brick and stone exterior with a nice front porch. Another awesome bonus---This home qualifies for special 100% financing for owner occupant buyers! FHA/VA/ Conventional offers welcome! Seller also selling 2229 Zanone, 2442 Manchester, and 2701 Frayser, and

  Tyler Tapley Crye-Leike, Inc., REALTORS

  560 W Peebles Rd, Memphis, TN 38109
• 

  

  /19

  $160,000

  • 3 Beds
  • 1 Bath
  • 1,024 Sq Ft

  749 Bey St, Memphis, TN 38114

  Charming home at 749 Bey Street in Memphis offering comfort, space, and great potential. Inside, you’ll find a bright layout with generous living areas and well-sized bedrooms. The large yard provides plenty of room for outdoor enjoyment or entertaining. Conveniently located near schools, shopping, and major roads, this property is a great option for homeowners or investors alike. New roof, new

  Celiesse Edwards Thomas Harris & Harris Realty Group

  749 Bey St, Memphis, TN 38114
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  /3

  $100,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 1,108 Sq Ft

  3533 Douglass Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is tenant occupied for $895/mo. 35k in rehab done to this property in the past year! Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have

  William Haynes Crye-Leike, Inc., REALTORS

  3533 Douglass Ave, Memphis, TN 38111
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  /21

  $165,000

  • 2 Beds
  • 1 Bath
  • 1,004 Sq Ft

  797 University St, Memphis, TN 38107

  Located walking distance to Rhodes College. This home features 2 bedrooms, 1 bath, Family Room, Dining Room and Kitchen. 1 Car detached garage plus storage building. Rear parking also available. Vinyl exterior, hardwood flooring, central HVAC. Move in Ready.

  Rachel Gilliam Crye-Leike, Inc., REALTORS

  797 University St, Memphis, TN 38107
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  /8

  $100,000

  $20K PRICE DROP

  • 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~~Being sold thru Auction Means only~~ 5% Buyer premium charged to buyer at closing.

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
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  /32

  $114,900

  • 1 Bed
  • 1 Bath
  • 846 Sq Ft

  437 Monroe Ave Unit 105, Memphis, TN 38103

  One story contemporary condo with open floor plan and high ceilings. One covered parking space and one uncovered, as well as on street parking. There is a large secured storage space included. Conveniently located to downtown and the medical district. Walkable to restaurants and AutoZone Park. Don't miss this opportunity! Under contract with a 12 hour first right of refusal clause.

  Linda Sowell Sowell, Realtors

  437 Monroe Ave Unit 105, Memphis, TN 38103
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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

  $154,900

  $30K PRICE DROP

  • 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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  /35

  $179,900

  $65K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,895 Sq Ft

  756 Garland St, Memphis, TN 38107

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Just mins away from Rhodes College and Crosstown Concourse! Charming and full of character, this well-maintained duplex currently operating as a successful Airbnb blends classic details with comfortable, flexible living spaces. Each unit offers bright interiors, updated flooring, neutral tones, and plenty of natural light. Cozy yet

  James Wachob Foundation Property Management

  756 Garland St, Memphis, TN 38107
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  /10

  $160,000

  $25K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,645 Sq Ft

  4594 Sea Isle Rd, Memphis, TN 38117

  25k Price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property could be worth a lot of money once fixed up. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant

  William Haynes Crye-Leike, Inc., REALTORS

  4594 Sea Isle Rd, Memphis, TN 38117
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  /8

  $189,000

  • 3 Beds
  • 2 Baths
  • 1,215 Sq Ft

  4029 Hermitage Dr, Memphis, TN 38116

  Courtney Perkins Integrity Real Estate Services

  4029 Hermitage Dr, Memphis, TN 38116
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  /14

  $169,900

  New Construction $5K PRICE DROP

  • 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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  /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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  /27

  $179,900

  • 3 Beds
  • 1 Bath
  • 1,368 Sq Ft

  2066 E Mclemore Ave, Memphis, TN 38114

  Beautiful Midtown Bungalow - This home is filled with natural light and cozy updates. Perfect Midtown front porch. Updated kitchen with granite countertops, new cabinets, single basin sink, hexagon tile backsplash, 5-eye gas stove, newer appliances plus a great pantry space. Sweet Kitchen Island adds a great breakfast bar. Bathroom has updated tile floors, new vanity and mirror, plus tiled

  Hannah Smith Bluff City Realty Group, LLC

  2066 E Mclemore Ave, Memphis, TN 38114
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  /2

  $130,000

  • 4 Beds
  • 1 Bath
  • 1,188 Sq Ft

  3671 S Victory Heights Ln, Memphis, TN 38118

  INVESTORS: LOOK NO FURTHER! Long term tenant. This is part of an eight home package (1641 Graham; 1658, 1662 and 1674 Sailors; 3822, 3679, 3685, 3671 Victory Heights). Units may be sold individually. Unit is occupied at $1,300.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  3671 S Victory Heights Ln, Memphis, TN 38118
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  /16

  $157,000

  $33K PRICE DROP

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

  873 N Mcneil St, Memphis, TN 38107

  Come check out this wonderful, charming, and cozy home in the historic Vollintine Evergeen district! This home is eligible for 100% financing + up to $10,000 grant funds for closing costs/prepaids (for qualified occupant buyers via Trustmark Bank). 873 N. McNeil features central heat/air, a renovated bathroom and kitchen (appliances stay), and a large, open living room with a dining area. Other

  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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  /30

  $130,000

  • 3 Beds
  • 1 Bath
  • 975 Sq Ft

  1068 Buckner Rd, Memphis, TN 38122

  Solid brick 3 bed, 1 bath home in the Berclair area offering strong potential for investors and owner-occupants alike. Utilities are on, and a substantial amount of renovation materials are already on-site and included with the sale—estimated to bring the home to approximately 80% completion. At 975 sqft, the property features a functional layout on a level lot with a spacious backyard and

  Elliot Cerezo The Home Partners Realty

  1068 Buckner Rd, Memphis, TN 38122
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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
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  /10

  $109,000

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 882 Sq Ft

  580 Blackhawk Rd, Memphis, TN 38109

  Wonderful home for sell at a great price. Well maintained three bedroom one bathroom home in a great location. This home features NO carpet, large back yard, vinyl and tile flooring throughout, low maintenance brick exterior, modern light fixtures and so much more. Book your tour today! This would make a lovely home or wonderful investment property! Seller also has 3043 Coleman Ave for sell.

  William Haynes Crye-Leike, Inc., REALTORS

  580 Blackhawk Rd, Memphis, TN 38109
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  /35

  $129,900

  • 3 Beds
  • 2 Baths
  • 1,280 Sq Ft

  3372 Spring Shadow Dr, Memphis, TN 38118

  Contemporary 3-bedroom, 2-bathroom ranch in the established Easthaven community. This move-in-ready 1,316 sq. ft. home features a functional open layout, cozy stone fireplace, and a private 1-car garage. Situated on a manageable 0.18-acre lot with a timeless partial-stone exterior. Ideal for those seeking a blend of classic Memphis charm and modern convenience. Schedule your showing today!

  Alexis Martz Trelora Realty

  3372 Spring Shadow Dr, Memphis, TN 38118
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  /13

  $119,000

  • 4 Beds
  • 1 Bath
  • 1,052 Sq Ft

  1889 Marjorie St, Memphis, TN 38106

  Recently updated 4 bedroom, 1 bath home in a great location. Do not miss out on this opportunity!

  Marissa Miller The Stamps Real Estate Company

  1889 Marjorie St, Memphis, TN 38106
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  /11

  $139,900

  $9K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,357 Sq Ft

  1507 Oakwood St, Memphis, TN 38108

  1507/1509 Oakwood - Turnkey Duplex Investment Opportunity Well-maintained and recently updated duplex offering immediate income potential. One side is currently rented at $775/month, and the other side is vacant with a prospective tenant expected to move in within the next couple of weeks at approximately $800/month. This property has been fixed up and is positioned for strong cash flow with

  Jonathan Nunez Fast Track Realty, LLC

  1507 Oakwood St, Memphis, TN 38108
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  /12

  $122,000

  • 3 Beds
  • 2 Baths
  • 1,330 Sq Ft

  4109 Knob Dr, Memphis, TN 38127

  GREAT INVESTOR OPPORTUNITY!!! NEW ROOF, NEW PAIINT, NEW LIGHT FIXTURES, NEW HVAC, NW WATER HEATER, NEW FLOORING, AND MORE.

  Fredrick Cunningham Keller Williams

  4109 Knob Dr, Memphis, TN 38127
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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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  /2

  $115,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  3517 N Watkins St, Memphis, TN 38127

  Investment opportunity. 3 bedr. 1 bath. .$1,450 per month rent

  Harry Samuels Pinnacle Realty

  3517 N Watkins St, Memphis, TN 38127
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  /29

  $130,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,198 Sq Ft

  3066 Redbud Rd, Memphis, TN 38109

  Investment opportunity with two separate units and strong rent potential!! Unit 3066 has been updated and is 3 bedrooms and 2 baths, offering increased livable space (Bonus Room) and higher rent capacity. Unit 3068 requires repairs and updates. After renovations, each unit is projected to lease for approximately $1,400–$1,550 per month with Section 8, based on current area rental rates. Property

  Donnie Morrow eXp Realty, LLC

  3066 Redbud Rd, Memphis, TN 38109
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  /15

  $179,900

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

  6379 S Fawn Hollow Cir, Memphis, TN 38141

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38141 area. Cash flowing with a monthly rental amount of $1,500/month. The lease ends on 2/28/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  6379 S Fawn Hollow Cir, Memphis, TN 38141
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  /14

  $102,500

  • 3 Beds
  • 1 Bath
  • 1,222 Sq Ft

  1450 Lambert St, Memphis, TN 38108

  INvestor Alert! An awesome opportunity to add to your portfolio. This cozy home spans 1,222 square feet and features three bedrooms and one bathroom, offering ample living space without breaking the bank. Located at the quiet end of a cove, the property promises a peaceful living environment, a single-family house available for purchase, ideally suited for buyers looking for a budget-friendly

  James Johnson KAIZEN Realty, LLC

  1450 Lambert St, Memphis, TN 38108
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  /28

  $125,000

  • 1 Bed
  • 1 Bath
  • 741 Sq Ft

  1960 N Parkway Unit 205, Memphis, TN 38112

  Amazing Remodeled Unit on the Second Floor!!!! Beautifully Designed One Bedroom condo Furnished, and Offers a perfect blend of Space, Natural Light, Convenience, and Effortless Urban Living! New Flooring, Updated Kitchen Surfaces, Oven, Dishwasher, Updated Bathroom! Has HUGE Walk In Closet and Spacious Bedroom!!! The Maintenance Fee includes Water and Electric, Building Insurance, 24/7 Access

  Bill Malone Crye-Leike, Inc., REALTORS

  1960 N Parkway Unit 205, Memphis, TN 38112
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  /11

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,482 Sq Ft

  3294 Lockmeade Dr, Memphis, TN 38127

  Renovated, New windows, Roof, and Paint. Property is currently being rented. Owner is selling As-Is, No Owner Financing.

  Ruby Cardenas Keller Williams

  3294 Lockmeade Dr, Memphis, TN 38127
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  /10

  $126,000

  • 3 Beds
  • 1 Bath
  • 1,030 Sq Ft

  901 Chesterton Dr, Memphis, TN 38127

  ATTENTION INVESTORS!! Turnkey, income-producing rental with tenant in place. Leased at $975/month through 2/5/2027, delivering $197.07/month in cash flow and a 6.22% cash-on-cash return. Financials available upon request Major improvements include a newer 30-year architectural roof (2020), new HVAC condenser, fully renovated kitchen with new cabinets and fixtures, and extensive interior/exterior

  James Wachob Foundation Property Management

  901 Chesterton Dr, Memphis, TN 38127
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  /9

  $185,000

  • 4 Beds
  • 4 Baths
  • 2,709 Sq Ft

  996 University St, Memphis, TN 38107

  Great Occupied investment Opportunity! Duplex! This property is currently occupied by a tenant in one unit who is paying $895 per month and is on a lease from 4/15/2026 until 4/14/2028. The other unit is occupied by a tenant who has been in the home since 2020 and is on a lease until 4/30/26 - They are paying $885 per month and have been sent a renewal but it is not signed yet. There is

  Alex Evans Reedy & Company, REALTORS

  996 University St, Memphis, TN 38107

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