Memphis, TN Homes for Sale under $200,000

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  /33

  $150,000

  • 2 Beds
  • 2 Baths
  • 1,072 Sq Ft

  893 Pearce St, Memphis, TN 38107

  Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one. Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air.

  Caleb Parr Renshaw Company, REALTORS

  893 Pearce St, Memphis, TN 38107
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  /2

  $5,500

  • 3 Beds
  • 1 Bath
  • 910 Sq Ft

  2426 Hunter Ave, Memphis, TN 38108

  BURN OUT- Sold As-Is

  Sonja Hester Progressive Realty Services

  2426 Hunter Ave, Memphis, TN 38108
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  /8

  $136,000

  • 3 Beds
  • 1 Bath
  • 1,034 Sq Ft

  3399 Beech Grove Rd, Memphis, TN 38118

  INVESTORS ONLY! Turnkey, tenant-occupied property generating $1,050/month with lease secured through 10/31/2026. Tenant has occupied the property since October 2024, with automatic lease renewal unless either party provides notice to terminate. Fully renovated in summer 2023, including new roof, HVAC, water heater, updated plumbing and electrical, and cosmetic upgrades. Professionally

  Jeremy Veldman KAIZEN Realty, LLC

  3399 Beech Grove Rd, Memphis, TN 38118
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  /17

  $125,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,085 Sq Ft

  3578 Coleman Ave, Memphis, TN 38122

  Charming 3-bedroom, 1-bath bungalow in the heart of Berclair! This inviting home is full of character, featuring beautiful hardwood floors, abundant natural light and a wonderful covered front porch perfect for morning coffee or relaxing at the end of the day. A detached garage provides additional parking and storage. Conveniently located near Summer Avenue, one of Memphis’ most diverse dining

  Marina Brinkley Coldwell Banker Collins-Maury

  3578 Coleman Ave, Memphis, TN 38122
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  /9

  $111,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,036 Sq Ft

  603 Western Park Dr, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $845 per month and is on a lease from 5/1/2025 until 4/30/2026. A renewal has been sent to the tenant, but they have not signed it yet. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

  Alex Evans Reedy & Company, REALTORS

  603 Western Park Dr, Memphis, TN 38109
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  /17

  $110,000

  • 3 Beds
  • 1 Bath
  • 1,161 Sq Ft

  1459 Hamilton St, Memphis, TN 38114

  Welcome home to this cozy traditional residence filled with natural light and thoughtfully designed for comfortable living. Situated on a desirable corner lot, this well-maintained home features 3 bedrooms, 1 full bath, a spacious great room, and an inviting eat-in kitchen—offering just the right amount of space for a homeowner or investor. The home features a newer HVAC system installed in 2023,

  Tracy Jefferson Crye-Leike, Inc., REALTORS

  1459 Hamilton St, Memphis, TN 38114
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  /14

  $45,000

  • 2 Beds
  • 1 Bath
  • 768 Sq Ft

  3220 Winslow Rd, Memphis, TN 38109

  Investor Special! This 2-bedroom, 1-bath home offers 768 sq ft of living space and sits on a level lot in a growing area with new construction nearby. The roof is approximately 10 years old, and the property is located in a strong rental market, making it a great opportunity for investors looking to add to their portfolio. Property is being sold AS-IS. Seller will make no repairs. Great potential

  Elliot Cerezo The Home Partners Realty

  3220 Winslow Rd, Memphis, TN 38109
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  /2

  $155,000

  • 3 Beds
  • 2 Baths
  • 7,500 Sq Ft

  581 Gilleas Rd, Memphis, TN 38109

  New Construction, tenant occupied. Great turn key investment property to add to your portfolio.

  Laszlo Nguyen Heckler eXp Realty, LLC

  581 Gilleas Rd, Memphis, TN 38109
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  /2

  $85,000

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  1712 Corning Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $895 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

  1712 Corning Ave, Memphis, TN 38127
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  /2

  $10,000

  • Land
  • 4,791 Sq Ft
  • $90,909 per Acre

  2521 Dexter Ave, Memphis, TN 38108

  Prime Vacant Lot Opportunity in Memphis! Don’t miss this excellent opportunity to own a spacious vacant lot located at 2521 Dexter Road in the heart of Memphis, TN. This property offers the perfect setting to build your dream home or investment property in an established residential area. Zoned for single-family use, the lot provides convenient access to nearby schools, parks, shopping, and major

  Maurice Savage Sr TRG Real Estate Services, LLC

  2521 Dexter Ave, Memphis, TN 38108
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  /13

  $107,000

  • 3 Beds
  • 1 Bath
  • 1,299 Sq Ft

  605 Leavert Ave, Memphis, TN 38127

  ATTENTION INVESTORS! This 3 bedroom, 1 bathroom brick home is currently rented for $950/month with a lease secured until 12/31/2026. Home was renovated in 2025 including new carpet, fresh paint, updated kitchen and bathroom, new window blinds, new plumbing and electrical fixtures, and much more! Another stable, income-producing property to add to your portfolio. Tenant ledger and maintenance

  Jeremy Veldman KAIZEN Realty, LLC

  605 Leavert Ave, Memphis, TN 38127
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  /17

  $175,000

  $24K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  59 W Lafayette Cir, Memphis, TN 38111

  Tenant Occupied home *DO NOT ENTER* Welcome to 59 W. Lafayette Circle, a charming and well-maintained 3-bedroom, 1-bath home nestled in the desirable Joffre/Lafayette Circle area of East Memphis. Built in 1940, this home blends classic character with thoughtful updates, making it an excellent opportunity for both owner-occupants and investors alike.

  Colin Scoggins CrestCore Realty MphsBrokerage

  59 W Lafayette Cir, Memphis, TN 38111
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  /2

  $87,900

  $1K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 926 Sq Ft

  3270 Abbottsford Ave, Memphis, TN 38128

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is rented for $875/mo with a market rent of $1200. Tenant in place since 2020. 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

  William Haynes Crye-Leike, Inc., REALTORS

  3270 Abbottsford Ave, Memphis, TN 38128
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  /19

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,243 Sq Ft

  781 Northaven Dr, Memphis, TN 38127

  Don't miss this 1-story home featuring 3 bedrooms and a functional layout with comfortable living spaces throughout. The home offers plenty of potential to add your own personal touches and make the space your own. Outside, enjoy a spacious backyard with plenty of room for outdoor activities, relaxing, or entertaining. This property presents a great opportunity for buyers looking for a home with

  Vicki Testerman Mainstay Brokerage, LLC

  781 Northaven Dr, Memphis, TN 38127
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  /9

  $65,000

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 965 Sq Ft

  761 Harahan Rd, Memphis, TN 38109

  Investment Opportunity! 3-bedroom, 1-bath home offering strong rental potential and immediate income opportunity. Tenant/owner-ready with a functional layout, low-maintenance appeal, and proven rental demand. A great addition to any investment portfolio or starter rental property.

  Terrance Hill eXp Realty, LLC

  761 Harahan Rd, Memphis, TN 38109
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  $200,000

  • 3 Beds
  • 2 Baths
  • 1,707 Sq Ft

  4523 Bassett Hall Dr, Memphis, TN 38125

  Bring your vision and make this 3-bedroom, 2-bath home your own! Featuring beautiful wood floors, a cozy wood-burning fireplace, built-in bookshelves, and vaulted ceilings with ceiling fans, this home offers a spacious and inviting layout. The eat-in kitchen provides plenty of room for everyday dining, while the separate dining room offers flexibility and could easily serve as a 4th bedroom, home

  Jeff Goff Keller Williams

  4523 Bassett Hall Dr, Memphis, TN 38125
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  /2

  $100,000

  • Land
  • 4.32 Acres
  • $23,148 per Acre

  0 S Old Horn Lake Rd Unit 10229051, Memphis, TN 38109

  DEVELOPMENT OPPORTUNITY! Approximately 4.3 acres in Memphis, Tennessee, This property presents an opportunity for builders, developers, and investors looking to acquire a sizable tract with potential for residential development. With a low acquisition cost and a conceptual development plan already in place, this property offers an opportunity to explore the potential for a higher-density

  Lloyd Patterson C21 Patterson & Assoc. Real Es

  0 S Old Horn Lake Rd Unit 10229051, Memphis, TN 38109
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  /2

  $75,000

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

  784 Looney Ave, 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

  784 Looney Ave, Memphis, TN 38107
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  /19

  $89,999

  $25K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  4037 Graham Oaks Ct Unit 30, Memphis, TN 38122

  Nice two-story, 3 bed 2.5 bath Condo. This property is perfect for a first time home buyer or someone looking to down size with less maintenance. Offering family room with fireplace that opens into a renovated kitchen with stainless steel appliances. Brand new vinyl flooring down stairs and carpeted bedrooms up. Primary bedroom has a newly renovated bathroom and private balcony. Come check it out!

  Tracy Jackson Ray Keller Williams

  4037 Graham Oaks Ct Unit 30, Memphis, TN 38122
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  /2

  $190,000

  • 4 Beds
  • 2 Baths
  • 2,525 Sq Ft

  726 Harahan Rd, Memphis, TN 38109

  This 4-bedroom, 2-bath brick home spans 2,525 sq ft and delivers immediate value. New HVAC 2025. New furnace. New roof — 4 years old. New electric panel. New insulation. New subflooring. New LED lighting throughout. Vinyl flooring in living areas. Tile in primary bedroom. The numbers work from day one — currently occupied with weekly rental tenants generating consistent income. This property is

  Maria Richardson BEST Real Estate Company

  726 Harahan Rd, Memphis, TN 38109
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  /13

  $104,900

  $20K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,081 Sq Ft

  838 Crockett Place, Memphis, TN 38107

  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 wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  838 Crockett Place, Memphis, TN 38107
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  /2

  $29,999

  $5K PRICE DROP

  • Land
  • 5,662 Sq Ft
  • $230,762 per Acre

  1642 Netherwood Ave, Memphis, TN 38106

  Vacant lot in the Glenview neighborhood. Flat lot and ready to build on. Utilities service from rear of lot. R-6 (H) zoning. Two other lots in the neighborhood also listed.

  Rob Thompson Bluff City Realty Group, LLC

  1642 Netherwood Ave, Memphis, TN 38106
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  /2

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,418 Sq Ft

  3943 Point Church Rd, Memphis, TN 38127

  Do Not Disturb Tenant!!!!!! 4-bedroom 2 full bath home with section 8 long standing tenant paying $1600 a month. Home was fully renovated in 2024.Property is being sold as is where is. No showings until after offer has been accepted.

  Fred Sengstacke KAIZEN Realty, LLC

  3943 Point Church Rd, Memphis, TN 38127
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  /5

  $4,500

  • Land
  • 9,583 Sq Ft
  • $20,455 per Acre

  244 W Davant Ave, 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

  244 W Davant Ave, Memphis, TN 38109
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  /2

  $6,100

  $1K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $55,455 per Acre

  1115 Walk Place, Memphis, TN 38106

  Build small houses or big houses. Its doesn't matter along as you build. Drive by today and make him an offer. Thanks. Acres .11 * 1115 Walk Pl.; land has utilities, water and sewage access

  Christine Abston REMAX Experts

  1115 Walk Place, Memphis, TN 38106
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  /2

  $85,000

  • 3 Beds
  • 2.5 Baths
  • 1,750 Sq Ft

  2091 Wooden Heart Ct Unit 26, Memphis, TN 38116

  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 wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2091 Wooden Heart Ct Unit 26, Memphis, TN 38116
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  /6

  $149,000

  $26K PRICE DROP

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

  2506 Winnona Ave, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat 1% rule! Renovated 4-bedroom-1-bath home with Section 8 tenant. This property presents a great opportunity for investors looking to generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Whether you're expanding your rental portfolio or looking for a property with strong income

  Angelita Parham KAIZEN Realty, LLC

  2506 Winnona Ave, Memphis, TN 38108
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  /14

  $139,900

  $35K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,317 Sq Ft

  1664 Nelson Ave, Memphis, TN 38114

  Located in the vibrant Cooper-Young area, this charming 3-bedroom, 2-bath home sits on a corner lot directly across from a park, offering both character and convenience in one of Memphis’ most sought-after and growing communities. This home features a welcoming wrap-around porch, perfect for relaxing and enjoying the neighborhood atmosphere. Inside, you’ll find a living room, formal dining room,

  Ben Strauch Skyline Realty

  1664 Nelson Ave, Memphis, TN 38114
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  /7

  $71,000

  $4K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,218 Sq Ft

  1823 Cedarhurst Ave, Memphis, TN 38127

  Fantastic investment opportunity in the heart of Frayser! Built in 1939, this solid 3-bedroom, 1-bath single-family home offers 1,218 sq. ft. of comfortable living space situated on a nice 50x160 lot. Featuring a functional single-story layout with all 3 bedrooms on the main level, this property makes an excellent turnkey addition to any rental portfolio. Conveniently located with quick access to

  Curtis Bleeker KAIZEN Realty, LLC

  1823 Cedarhurst Ave, Memphis, TN 38127
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  /31

  $72,400

  $38K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,031 Sq Ft

  4089 Meadow Dr, Memphis, TN 38111

  Charming single-family home featuring 3 bedrooms and 1 bathroom with a functional layout. Enjoy a spacious backyard perfect for outdoor activities, entertaining, or future expansion. Great opportunity.

  Thee Gaines Trelora Realty

  4089 Meadow Dr, Memphis, TN 38111
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  /27

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,039 Sq Ft

  2792 Jolson Ave, Memphis, TN 38114

  Nice home that would be a great primary residence or investment property! Home has central heating and air with fresh interior paint, solid surface, durable flooring. Nice floor plan with 3 bedrooms and a big backyard. FHA/VA/ Conventional offers welcome. Many homes in this area have been remodeled and sold for more money. This home is being offered at a great price and is in nice condition! Home

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2792 Jolson Ave, Memphis, TN 38114
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  /2

  $75,000

  $8K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 893 Sq Ft

  3706 Townes Ave, Memphis, TN 38122

  REDUCED!!! DRIVE BY ONLY DO NOT DISTURB TENANTS. Currently rented for $880 per month to a good paying tenant. Once you have driven by make your offerand after acceptance we will get you inside to inspect. Excellent income producing property or family home.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  3706 Townes Ave, Memphis, TN 38122
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  /39

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,402 Sq Ft

  3083 Cherry Rd, Memphis, TN 38118

  per seller roof about 3 years old, water heater is about 2 years old, 3 bedrooms + an extra room could be a 4th room, now is 1 bath (seller said used to have the half restroom.)

  Ngoc Quach Germantown Properties

  3083 Cherry Rd, Memphis, TN 38118
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  /25

  $84,900

  • 3 Beds
  • 1 Bath
  • 1,282 Sq Ft

  4146 Overton Crossing St, Memphis, TN 38127

  This 3-bedroom, 1-bathroom mid-century brick ranch in Memphis offers 1,282 square feet of single-story living. Designed with function in mind, the single-level slab floor plan features six distinct rooms, beginning with a spacious and inviting front living area. The heart of the home flows into a dedicated kitchen and dining space, perfect for daily meals and gathering. All three bedrooms are

  Carl Purifoy Trelora Realty

  4146 Overton Crossing St, Memphis, TN 38127
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  /2

  $75,000

  $20K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 718 Sq Ft

  346 Modder Ave, Memphis, TN 38109

  Investor Special! Excellent investment opportunity in Memphis, TN featuring six single-family homes being offered individually or as a portfolio. Properties are being listed separately but may be purchased together as an investment package. 346 Modder Ave – Currently tenant-occupied, providing immediate cash flow. 132 Majuba St – Currently vacant and will require some repairs prior to occupancy,

  Bridget Jordan Epique Realty

  346 Modder Ave, Memphis, TN 38109
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  /22

  $149,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 912 Sq Ft

  3529 Marion Ave, Memphis, TN 38111

  Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort, convenience, and versatility in a prime location near the college - University of Memphis. In addition to the two spacious bedrooms, the home features a flex room that can easily serve as a 3rd bedroom, home office, study space, or bonus room, making it ideal for a variety of lifestyles. Tasteful updates

  Mary Williams Coldwell Banker Collins-Maury

  3529 Marion Ave, Memphis, TN 38111
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  /22

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,291 Sq Ft

  4160 Dunn Rd, Memphis, TN 38111

  Jennifer Clark Tiger Realty

  4160 Dunn Rd, Memphis, TN 38111
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  /5

  $120,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 980 Sq Ft

  2952 Yale Ave, Memphis, TN 38112

  Updated 2 bedrooms/1 bath in the revitalized Binghampton community. Long term tenant, no showings until an acceptable offer is received. New roofing, energy efficient windows, new paint/vinyl siding, updated bathroom!!! Light gray siding exterior with dark gray trim, featuring a covered front porch with railings.This home is well maintained and is move in ready for an owner/occupant or continue

  Reginald Williams BROC Properties

  2952 Yale Ave, Memphis, TN 38112
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  /26

  $195,000

  • 2 Beds
  • 1 Bath
  • 1,118 Sq Ft

  1469 Lyndale Ave, Memphis, TN 38107

  This renovated bungalow packs a lot into an easy, functional floor plan! Original hardwood floors and a brick fireplace bring the character, while an open living and dining space and updated finishes make the home feel fresh and current. The renovated kitchen features butcher block countertops, stainless steel appliances, gas cooking, farmhouse sink and a large pantry. Both bedrooms offer

  Peterson Wellford The Firm

  1469 Lyndale Ave, Memphis, TN 38107
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  /12

  $8,000

  • 2 Beds
  • 1 Bath
  • 924 Sq Ft

  1349 N Mcneil St, Memphis, TN 38108

  Investor special! This 2-bedroom, 1-bath home offers an opportunity for a full renovation. Property needs significant repairs and is being sold AS-IS. Great opportunity for an investor or buyer looking for a fixer-upper.

  Savun Vuth KAIZEN Realty, LLC

  1349 N Mcneil St, Memphis, TN 38108

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