Memphis, TN Homes for Sale under $200,000

• 

  

  

  /31

  $79,900

  $30K 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.

  Alexis Martz Trelora Realty

  4089 Meadow Dr, Memphis, TN 38111
• 

  

  /2

  $77,500

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 893 Sq Ft

  3706 Townes Ave, Memphis, TN 38122

  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
• 

  

  

  /24

  $139,900

  $10K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,254 Sq Ft

  1744 Tahiti Ln, Memphis, TN 38117

  Hardwood floors, a spacious backyard, and classic East Memphis charm — this 4-bedroom, 1-bath home has the kind of character that's hard to find at this price point. With 1,254 sq ft of living space and a backyard built for entertaining, this home is ready for its next chapter. Nestled in an established neighborhood just minutes from Poplar, White Station, and everything East Memphis has to

  Ryan Harrell Premier Realty Group, LLC

  1744 Tahiti Ln, Memphis, TN 38117
• 

  

  

  /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
• 

  

  

  /32

  $94,900

  • 3 Beds
  • 1 Bath
  • 1,246 Sq Ft

  2003 Burnham Ave, Memphis, TN 38127

  This charming 3-bedroom, 1-bathroom home offers approximately 1,200 square feet of comfortable living space in an established Memphis neighborhood. Featuring spacious living and dining areas, hardwood-style flooring, a functional kitchen with appliances, and washer/dryer connections, the home is designed for everyday convenience. Outdoor amenities include a covered carport, a covered patio ideal

  Alexis Martz Trelora Realty

  2003 Burnham Ave, Memphis, TN 38127
• 

  

  /40

  $190,000

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,594 Sq Ft

  3588 Bowen Ave, Memphis, TN 38122

  Welcome to this charming, fully renovated duplex offering exceptional flexibility and investment potential. Each side features 2 spacious bedrooms and 1 beautifully updated bathroom, creating comfortable and modern living spaces throughout. Live comfortably in one unit while generating rental income from the other, or lease both sides to maximize your return. Don't miss your chance to own a

  Karla Fayne Keller Williams

  3588 Bowen Ave, Memphis, TN 38122
• 

  

  /4

  $75,000

  • Land
  • 40,075 Sq Ft
  • $81,522 per Acre

  Mt. Moriah Road Extension, Memphis, TN 38115

  .92 +/- Acre Commercial Site Proximity to Highway 385 and Interstate 240 Prime Visibility on Busy Mt Moriah Commercial Corridor Between Family Dollar and Studio 6 Hotel Strong Traffic Counts and Daytime Population in the Area Ideal for Retail, Service, or Small Commercial User Utilities and Infrastructure Available Along Mt Moriah Rd Excellent Signage and Branding Opportunity on Main Corridor

  Edward Durnil Tranzon Asset Advisors

  Mt. Moriah Road Extension, Memphis, TN 38115
• 

  

  /10

  $99,000

  $51K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,066 Sq Ft

  1366 Austin St, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat the 1% rule! Updated 4-bedroom, 1-bath Selling AS-IS. Previously rented with a Section 8 tenant, this property presents a great opportunity for investors looking to place a new tenant and generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Recent updates add value and make it

  Angelita Parham KAIZEN Realty, LLC

  1366 Austin St, Memphis, TN 38108
• 

  /2

  $80,000

  $15K 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
• 

  

  /10

  $95,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 967 Sq Ft

  2512 Kenner Ave, Memphis, TN 38114

  PRICE JUST REDUCED!! GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom brick home is rented for $1,000/month, to a stable long-term tenant who has occupied the house for 5 years. Lease is good until 5/31/2026. Home was totally refurbished in 2020 and an annual inspection was completed in August 2025 (report available upon request). Another opportunity to add a stable cash flowing asset to

  Jeremy Veldman KAIZEN Realty, LLC

  2512 Kenner Ave, Memphis, TN 38114
• 

  

  /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
• 

  

  /13

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,324 Sq Ft

  1036 Palermo Ave, Memphis, TN 38106

  Fully renovated and move-in ready, newly updated, offering a fresh start with extensive updates throughout. Buyers will appreciate the clean, modern finishes and the feeling of essentially "like-new" living inside an established setting. With nearly everything updated inside and outside, this property offers the rare opportunity to own a dramatically improved home without the wait or uncertainty

  Henry Valle-Castillo BHHS Taliesyn Realty

  1036 Palermo Ave, Memphis, TN 38106
• 

  

  /12

  $74,900

  $13K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,182 Sq Ft

  3372 Buchanan Ave, Memphis, TN 38122

  Attention Investors!!! You have the ability to buy 10 cash flowing rental properties at one time! This property is part of a package of 10 rental houses for sale. No wholesaler or assignment of contract offers will be accepted. These properties are all professionally managed. Video is available upon request and please do not disturb any tenants. Owner-Agent

  Dean Harris CrestCore Realty MphsBrokerage

  3372 Buchanan Ave, Memphis, TN 38122
• 

  

  /18

  $120,000

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  2717 Merle St, Memphis, TN 38118

  Move-in ready 2 bedroom, 1 bath brick home featurings numerous recent updates throughout. Improvements include new central heating and air, updated electrical and plumbing, new flooring, fresh interior and exterior paint, renovated bathroom, new kitchen cabinets, and washer and dryer connections. The roof has been professionally cleaned and the spacious yard offers plenty of room for outdoor

  Flor Bernal Crye-Leike, Inc., REALTORS

  2717 Merle St, Memphis, TN 38118
• 

  

  /12

  $85,000

  $45K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  3471 Gowan Dr, Memphis, TN 38127

  Currently leased at $1,100 per month through 02/19/2027. Well-maintained 3-bedroom, 2-bath home offering 1,292 sq. ft. of functional living space. Features include hard-surface flooring, spacious living and dining areas, a kitchen with shaker-style cabinetry, central heat and air, and a 2-car garage. The large fenced backyard provides added outdoor space, while recent improvements contribute to

  James Wachob Foundation Property Management

  3471 Gowan Dr, Memphis, TN 38127
• 

  

  /7

  $125,000

  $44K PRICE DROP

  • Land
  • 7.1 Acres
  • $17,606 per Acre

  0 S Third Unit 8, Memphis, TN 38109

  Located along iconic S Third St/US-61, also known as historic Blues Highway, this 7.1-acre tract presents a rare opportunity to secure a highly visible, well-positioned piece of land in one of Memphis’s most recognizable corridors. With approximately 353 feet of frontage along S Third St and about 1,137 feet of frontage on Westview Rd, the property offers outstanding access, strong street

  Elijah King Coldwell Banker Commercial Kinard Realty

  0 S Third Unit 8, Memphis, TN 38109
• 

  /2

  $5,000

  $6K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $62,500 per Acre

  0 S Lauderdale St Unit S PT 7, Memphis, TN 38103

  Portfolio List Price: $185,000 Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio

  Austin Rowe Onward Real Estate

  0 S Lauderdale St Unit S PT 7, Memphis, TN 38103
• 

  

  /4

  $10,000

  • Land
  • 11,761 Sq Ft
  • $37,037 per Acre

  380 Outer Pkwy, Memphis, TN 38109

  Great corner lot opportunity for investors, builders, or future homeowners. Zoned for single-family residential. Drive by anytime to view.

  Larry Jackson KAIZEN Realty, LLC

  380 Outer Pkwy, Memphis, TN 38109
• 

  

  /3

  $9,600

  • Land
  • 29,185 Sq Ft
  • $14,328 per Acre

  999 W Raines Rd, Memphis, TN 38109

  Large vacant lot that is ready for your home plans. You have so many possibilities to make this over 1/2 an acre lot your own!

  Rebecca Edwards Keller Williams

  999 W Raines Rd, Memphis, TN 38109
• 

  /2

  $12,000

  $8K PRICE DROP

  • Land
  • 6,969 Sq Ft
  • $75,000 per Acre

  0 Agnes Place, Memphis, TN 38104

  Great opportunity to build or invest in the heart of Midtown! Located just minutes from Cooper-Young and Overton Square, this lot offers excellent potential for new construction or long-term hold. Quiet street with convenient access to dining, entertainment, and major routes.

  Joshua Moss KAIZEN Realty, LLC

  0 Agnes Place, Memphis, TN 38104
• 

  

  /8

  $169,900

  • 2 Beds
  • 2 Baths
  • 1,224 Sq Ft

  2428 Vollintine Ave, Memphis, TN 38108

  INVESTORS ONLY! Turnkey, cash-flowing duplex generating $1,500/month ($750 per unit) with leases in place through the end of the year. Both tenants are current and have a consistent payment history. Property was fully renovated in 2023, including a new roof, AC, furnace, water heater, plumbing, electrical updates, and cosmetic improvements. Professionally managed—tenant ledger and maintenance

  Jeremy Veldman KAIZEN Realty, LLC

  2428 Vollintine Ave, Memphis, TN 38108
• 

  

  /27

  $74,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,002 Sq Ft

  3451 Birdsong Ferry Rd, Memphis, TN 38118

  Charming 2-bedroom, 1-bath single-family home offering 1002 sqft of comfortable, one-level living in a convenient Memphis location. Features include a spacious living area, functional kitchen with dining space, covered carport parking, and a large yard with room to enjoy the outdoors. Conveniently located near shopping, dining, schools, and major roadways for an easy commute.

  Tiffany Jones Trelora Realty

  3451 Birdsong Ferry Rd, Memphis, TN 38118
• 

  

  /31

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,451 Sq Ft

  3558 Northmoor Ave, Memphis, TN 38128

  Spacious 3-bed, 1-bath ranch on a massive 0.37-acre level lot. Features 1,452 sq. ft. of functional living space in a quiet North Memphis setting. Excellent location near Raleigh Springs Marketplace with quick highway access. Great opportunity for investors or first-time buyers seeking a solid home with plenty of outdoor space.

  Alexis Martz Trelora Realty

  3558 Northmoor Ave, Memphis, TN 38128
• 

  /2

  $5,000

  $6K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $62,500 per Acre

  1102 S Orleans St Unit S PT 7, Memphis, TN 38126

  Portfolio List Price: $185,000 Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio

  Austin Rowe Onward Real Estate

  1102 S Orleans St Unit S PT 7, Memphis, TN 38126
• 

  

  /17

  $119,999

  • 3 Beds
  • 1.5 Baths
  • 1,357 Sq Ft

  4090 Longhollow Dr, Memphis, TN 38128

  THIS GEM NESTLED IN TWIN LAKES SUBDIVISION IS A GREAT OPPORTUNITY FOR A INVESTOR LOOKING FOR THEIR NEXT FLIP OR A OWNER OCCUPANT SEEKING A DIAMOND TO POLLISH AND CALL IT HOME. AS IS SALE. THIS PROPERTY WILL NOT GO FHA. NO WHOLESALERS, NO CREATIVE FINANCNG, NO BLIND OFFERS, AND NO ASSIGNMENTS. SELLER IS CLOSING WITH HOME SURETY AND THEY WILL HOLD EARNEST MONEY. USE DISCLOSURES INCLUDED. EMAIL

  Fredrick Cunningham Keller Williams

  4090 Longhollow Dr, Memphis, TN 38128
• 

  /2

  $5,000

  $6K PRICE DROP

  • Land
  • 3,484 Sq Ft
  • $62,500 per Acre

  707 S Lauderdale St, Memphis, TN 38126

  Portfolio List Price: $185,000 Rare opportunity to acquire a portfolio of infill land parcels across established and growing Memphis neighborhoods, ideal for new construction, build-to-rent communities, or long-term investment. Several parcels are clustered, allowing for scalable or phased development strategies in areas experiencing continued revitalization and strong rental demand. Portfolio

  Austin Rowe Onward Real Estate

  707 S Lauderdale St, Memphis, TN 38126
• 

  

  /5

  $67,000

  $22K PRICE DROP

  • 3 Beds
  • 3.5 Baths
  • 2,205 Sq Ft

  2276 Redwood Ave, Memphis, TN 38108

  Calling All Investors!!! Over 2000sqft of living space with new roof and other additions. Seller started on renovations including adding a 3rd bathroom, but was unable to finish renovating home. Home has tons of potential and is ready for someone who is looking for a new project. Contact List Agent Today to view!

  Kasina Ford The Home Partners Realty

  2276 Redwood Ave, Memphis, TN 38108
• 

  

  /10

  $129,900

  • 3 Beds
  • 1.5 Baths
  • 1,142 Sq Ft

  4848 Neely Rd, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1,275 per month and is on a lease from 12/01/2020 - 06/30/2027. 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

  4848 Neely Rd, Memphis, TN 38109
• 

  

  /22

  $134,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,487 Sq Ft

  3332 Clearbrook St, Memphis, TN 38118

  Move-in ready 3-bed, 2-bath ranch in Parkway Village. Features a spacious living room, formal dining, and cozy den with a fireplace. Highlights include original hardwoods and a large level lot. Includes a 2-car attached carport with storage. Convenient to schools and transit. Great for first-time buyers or investors.

  Alexis Martz Trelora Realty

  3332 Clearbrook St, Memphis, TN 38118
• 

  

  /23

  $189,900

  $20K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,680 Sq Ft

  5070 Quince Rd, Memphis, TN 38117

  This 1,680 sq. ft. ranch-style residence is situated on an 0.18-acre level lot in the Sea Isle Park area. Built in 1958, the home features a traditional floorplan with three large bedrooms and two and a half bathrooms. The exterior is finished with brick veneer and includes a covered carport. Interior features consist of a formal living room, a separate 19 x 13 family room with a brick fireplace

  Christopher Stjernholm Trelora Realty

  5070 Quince Rd, Memphis, TN 38117
• 

  

  /17

  $127,900

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

  752 Castle St, Memphis, TN 38107

  Recently renovated 3 bedroom, 2 full bathroom home priced affordably and move-in ready! Updates include all new flooring, insulation, exterior improvements, and a beautifully renovated kitchen featuring new countertops, cabinets, and flooring. Both full bathrooms have been updated, including a private primary bathroom. Roof is only 2 years old and the home features central gas heat. Whether

  Tyler Bowman Weichert, REALTORS-BenchMark

  752 Castle St, Memphis, TN 38107
• 

  

  /10

  $130,000

  • 4 Beds
  • 2 Baths
  • 1,621 Sq Ft

  4481-4483 Sumners Wells Rd, Memphis, TN 38118

  Duplex with immediate, in-place income — both 2 bed / 1 bath units are currently leased, one at $800/month through 02/02/2027 and the other at $700/month through 02/10/2028, for $1,500 in combined monthly rent from day one. Totaling 4 bedrooms, 2 bathrooms, and approximately 1,634 square feet, each side offers a kitchen with shaker cabinetry and tile backsplash, separate living and dining rooms,

  James Wachob Foundation Property Management

  4481-4483 Sumners Wells Rd, Memphis, TN 38118
• 

  

  /30

  $199,000

  $31K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,477 Sq Ft

  4928 Flamingo Rd, Memphis, TN 38117

  Welcome to 4928 Flamingo, a fantastic opportunity located in the heart of the highly desirable Colonial Acres neighborhood. This home's unbeatable central location puts you just minutes away from everything you need. Inside this charming 3-bedroom, 1.5-bathroom home, the true centerpiece is the massive, oversized 20x20 living room. Complete with a cozy fireplace, it provides an incredibly open

  Michael Jacques Reid, REALTORS

  4928 Flamingo Rd, Memphis, TN 38117
• 

  

  /30

  $190,000

  • 4 Beds
  • 2 Baths
  • 2,342 Sq Ft

  748 Breedlove St, Memphis, TN 38107

  The perfect blend of timeless character & modern updates in this beautifully renovated home. Built in 1928, this charming home has been thoughtfully updated while preserving its unique character. New flooring, fresh paint, updated lighting & fixtures, smooth ceilings, ceiling fans & blinds throughout. Large bonus/game room that offer endless possibilities. Updated kitchen w/center island &

  Justin Lance Keller Williams

  748 Breedlove St, Memphis, TN 38107
• 

  

  /19

  $190,000

  • 3 Beds
  • 2 Baths
  • 2,132 Sq Ft

  2973 Windermere Rd, Memphis, TN 38128

  Welcome home to this beautiful Memphis home situated on over two acres of shaded land! Make this your final stop and discover three spacious bedrooms and two full baths. Enjoy stunning hardwood floors, abundant natural light, and a beautiful eat-in kitchen with a breakfast bar. This home also features a large laundry room, smooth ceilings in select rooms, a cozy wood-burning fireplace, built-ins,

  Anna Palazola Crye-Leike, Inc., REALTORS

  2973 Windermere Rd, Memphis, TN 38128
• 

  

  /18

  $89,900

  • 3 Beds
  • 1 Bath
  • 934 Sq Ft

  4243 Brookway St, Memphis, TN 38109

  Charming 3-bedroom, 1-bath single-family home offering approximately 910 sq. ft. of living space on a spacious lot. This well-maintained residence features a functional floor plan with a bright living area, comfortable bedrooms, and ample outdoor space for entertaining, gardening, or future improvements. Covered parking adds convenience, while the large backyard provides endless possibilities.

  Alexis Martz Trelora Realty

  4243 Brookway St, Memphis, TN 38109
• 

  /2

  $90,000

  • 2 Beds
  • 1 Bath
  • 1,197 Sq Ft

  1584 Carpenter St, Memphis, TN 38108

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,450 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1584 Carpenter St, Memphis, TN 38108
• 

  /2

  $120,000

  • 3 Beds
  • 2 Baths
  • 1,102 Sq Ft

  1674 Sailors St, Memphis, TN 38108

  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 $1,200.00 per month. Priced to SELL!!!!!

  Frank Colvett REMAX Experts

  1674 Sailors St, Memphis, TN 38108
• 

  /2

  $8,000

  $2K PRICE DROP

  • Land
  • 5,662 Sq Ft
  • $61,538 per Acre

  1007 Chelsea Ave, Memphis, TN 38107

  Great opportunity to build on a vacant residential lot in Memphis. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements

  Crystal Mitchell Renshaw Company, REALTORS

  1007 Chelsea Ave, Memphis, TN 38107
• 

  

  /10

  $80,000

  • 2 Beds
  • 1.5 Baths
  • 1,054 Sq Ft

  675 Miles Dr, Memphis, TN 38111

  OWNER FINANCING AVAILABLE! Great Investment Opportunity! Gated Community! 2 Bedroom Townhouse. Common Laundry Room. Two Blocks from the University of Memphis. 1 Block from The Highland Strip with Food, Bars and Shopping. Cosmetic work needed, but a Steal at this price. Sold "as is". Other properties available. Could be sold as a package deal.

  Danny Lipsey Keller Williams

  675 Miles Dr, Memphis, TN 38111

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