Memphis, TN Homes for Sale under $400,000

• 

  

  

  /15

  $109,900

  • 2 Beds
  • 1 Bath
  • 808 Sq Ft

  1443 Wrenwood St, Memphis, TN 38122

  Move-in ready 2 bed, 1 bath home located in the Nutbush area of Memphis. This well-maintained property features easy maintenance with LVP flooring and some recent updates throughout, offering a functional layout and comfortable living spaces. Enjoy a nice, flat yard with ample space for outdoor activities and entertaining. Ideal opportunity for investors or owner-occupants, including first-time

  Michael Valenza eXp Realty, LLC

  1443 Wrenwood St, Memphis, TN 38122
• 

  

  

  /22

  $179,900

  $10K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,084 Sq Ft

  4709 Raleigh Lagrange Rd, Memphis, TN 38128

  Discover comfort in this spacious 4-bedroom, 2-bathroom home in the heart of Memphis. With 2,082 square feet of living space, this residence offers a functional layout perfect for any lifestyle. Enjoy generous room sizes and a welcoming atmosphere, along with easy access to Covington Pike, I-40, schools, and shopping.

  Tiffany Jones Trelora Realty

  4709 Raleigh Lagrange Rd, Memphis, TN 38128
• 

  

  

  /19

  $225,000

  New Construction $11K PRICE INCREASE

  • 4 Beds
  • 2 Baths
  • 1,410 Sq Ft

  3118 Arrendale St, Memphis, TN 38118

  New construction, fully completed and never occupied. This home features a 3 bedroom, 2 bathroom layout with 1161 heated sq ft. Move-in ready. Contact the listing agent for floor plans, additional details, or to schedule a showing.

  Cesar Lara Fast Track Realty, LLC

  3118 Arrendale St, Memphis, TN 38118
• 

  

  

  /13

  $119,000

  • 3 Beds
  • 1 Bath
  • 1,147 Sq Ft

  223 Charter Ave, Memphis, TN 38109

  Investor's Dream! Don't miss this newly renovated (2023) income producing property featuring 3 bedrooms and 1 bathroom. Currently tenant occupied at $1,000 per month, with the lease in place through November 30, 2026, providing immediate cash flow for investors. Conveniently located within walking distance of public transportation, grocery stores, and nearby schools, including Geeter K-8 School

  Raven Henderson KAIZEN Realty, LLC

  223 Charter Ave, Memphis, TN 38109
• 

  

  

  /25

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,350 Sq Ft

  2235 Shannon Ave, Memphis, TN 38108

  Great investment opportunity. The seller started to renovations. Some repairs still needed. Own your first investment. Can be sold separate or as a package.

  Lisa Nelson Exit Wise Master-Builders Real

  2235 Shannon Ave, Memphis, TN 38108
• 

  

  /24

  $259,000

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft

  3890 Lytle Cir, Memphis, TN 38122

  Phenomenal high point terrace renovation! Won't last long! Plenty of cabinet space, stylish kitchen and bathroom, refinished hardwood throughout. Fenced back yard, new patio and brand new high quality grill! Available to show today! Owner is a licensed agent.

  Jimmy Skefos Bel Air Properties, Inc.

  3890 Lytle Cir, Memphis, TN 38122
• 

  /2

  $127,900

  • 3 Beds
  • 1 Bath
  • 1,058 Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
• 

  

  /12

  $118,000

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  2559 Wellons Ave, Memphis, TN 38127

  Move in ready Brick home, fresh interior, and new roof in a growing neighborhood. Excellent starter home or addition to your rental portfolio. Don't miss out on this great opportunity!

  Brett Bernard The Stamps Real Estate Company

  2559 Wellons Ave, Memphis, TN 38127
• 

  

  /11

  $119,000

  $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,584 Sq Ft

  564 W Peebles Rd, Memphis, TN 38109

  TWO FOR ONE SPECIAL! Front house is 2bed 1bath, PLUS there is a rear detached 1bed 1bath unit rented for $400/mo. Seller has done a lot of repairs/upgrades in main home including: New Kitchen (new countertops, new tile, new cabinets) fresh interior/exterior paint, new flooring, upgraded bathrooms. Home qualifies for special 100% financing for owner occupant buyers. FHA/VA/Conventional offers

  Tyler Tapley Crye-Leike, Inc., REALTORS

  564 W Peebles Rd, Memphis, TN 38109
• 

  

  /26

  $210,000

  • 3 Beds
  • 2 Baths
  • 1,641 Sq Ft

  3921 N Rossiland Cir, Memphis, TN 38122

  Wonderfully maintained and thoughtfully updated 3-bedroom, 2-bath home with a bonus room and flexible living space! This move-in-ready home features new flooring throughout, a new roof, and a 5-year-old HVAC system for added peace of mind. The converted garage has been transformed into additional living space and includes a second kitchen, making it perfect for a mother-in-law suite, or even

  Kristen Monserrat The Home Partners Realty

  3921 N Rossiland Cir, Memphis, TN 38122
• 

  

  /26

  $325,000

  • 3 Beds
  • 1.5 Baths
  • 1,435 Sq Ft

  4981 Verosa Ave, Memphis, TN 38117

  Welcome home to this charming 3-bedroom, 1.5-bath home in the heart of East Memphis! Featuring an inviting open floor plan, this home offers the perfect blend of comfortable everyday living and effortless entertaining. The spacious living and dining areas flow seamlessly into the updated kitchen, creating a bright and welcoming space for family and friends. All three bedrooms are generously

  Luke VanHoose Fast Track Realty, LLC

  4981 Verosa Ave, Memphis, TN 38117
• 

  

  /3

  $109,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 874 Sq Ft

  906 Wrenwood St, Memphis, TN 38122

  Great investment opportunity. No creative finance offers. No sign in yard. Property is 2 bedrooms, 1 bathroom, spacious living room that opens to dining area. Property has hardwood floors throughout. Ceilings are smooth. Large fenced backyard! Seller prefers and As-Is Sale.

  Jon Dickens The Firm

  906 Wrenwood St, Memphis, TN 38122
• 

  

  /16

  $225,000

  $25K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,842 Sq Ft

  1072 N Evergreen St, Memphis, TN 38107

  Cash-flowing duplex in the sought-after Volintine Evergreen Historic District — live in one unit while the other helps cover your mortgage, or hold both as a turnkey investment. Each unit offers 2 bedrooms, 1 bath, and a functional layout, and both are now leased on new 1-year terms, delivering immediate, documented rental income from day one — $1,950/month combined. Approx. $30K+ in recent

  Erica Martin Real Estate Agency

  1072 N Evergreen St, Memphis, TN 38107
• 

  

  /10

  $225,000

  • 2 Beds
  • 1 Bath
  • 760 Sq Ft

  2209 Oliver Ave, Memphis, TN 38104

  The Ultimate Cooper-Young Sweet Spot: Enjoy the best of both worlds. You’re tucked away on a quieter, peaceful block, yet just steps from the vibrant energy of the neighborhood's iconic restaurants, bars, and shops. It’s the perfect blend of lively midtown culture and a quiet night's sleep. And don't forget about football season, 2209 Oliver is walkable to the stadium to cheer on the Memphis

  Claire Gold Bridge Realty Memphis

  2209 Oliver Ave, Memphis, TN 38104
• 

  

  /25

  $219,900

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

  3263 Glen Logan Rd, Memphis, TN 38134

  Move-In ready 4br 2ba split level now available! Conveniently located new Bartlett. 4br 2ba, nice fenced in yard with a nice deck. Solid surface flooring. Brick exterior. New roof and fresh paint inside and out. Vacant, easy to show. Owner/Agent

  Caleb Parr Renshaw Company, REALTORS

  3263 Glen Logan Rd, Memphis, TN 38134
• 

  /2

  $160,000

  $15K PRICE DROP

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

  3588 Kearney Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1450/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3588 Kearney Ave, Memphis, TN 38111
• 

  

  /17

  $110,000

  • 2 Beds
  • 2 Baths
  • 1,269 Sq Ft

  2006 Quinn Ave, Memphis, TN 38114

  INVESTORS ONLY!!! Lovely 2bed 2bath home currently rented at $1095/mo. This could be a great addition to your portfolio. Property was substantially rehabbed in 2022. Roof, A/C and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2006 Quinn Ave, Memphis, TN 38114
• 

  

  /19

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,044 Sq Ft

  3272 Egypt Central Rd, Memphis, TN 38128

  Charming 3-bedroom, 1-bath, with another non-conforming room, home in Memphis featuring a functional floor plan, spacious living area, covered parking, and a generously sized lot. Conveniently located near shopping, dining, schools, and major roadways.

  Tiffany Jones Trelora Realty

  3272 Egypt Central Rd, Memphis, TN 38128
• 

  

  /14

  $172,500

  $7K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,617 Sq Ft

  4580 Cottonwood Rd, Memphis, TN 38118

  Price Improvement! Completely updated home in Parkway Village ideal for an owner occupant or first-time home buyer. Will go Conventional, FHA or VA. With the recent updates like new flooring throughout, kitchen cabinetry and updated bath the new owner is moving into a low maintenance home. Versatile bonus room with closet to provide flexible options for variety of lifestyles. Could be used as a

  Andrew Akins CB Properties of Memphis, LLC

  4580 Cottonwood Rd, Memphis, TN 38118
• 

  

  /16

  $134,500

  • 3 Beds
  • 2 Baths
  • 1,517 Sq Ft

  814 N Merton St, Memphis, TN 38112

  Contract contingency View inside then deposit if continue. No wholesale, No Creative Financing, No seller financing, carry back or creative financing. Need Preapproval or Proof of fund before offers. For Investors ONLY. ALREADY LEASED FOR $1100 manage by Licensed Property Management with $100 a month of management fee. Low taxes and insurance. Updated some of the Virtual Staging for you to see

  David Truong eXp Realty, LLC

  814 N Merton St, Memphis, TN 38112
• 

  

  /20

  $113,500

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 945 Sq Ft

  3597 Bayliss Ave, Memphis, TN 38122

  Wonderful 3 bedroom 1 bathroom home that was just renovated and being offered at a great price! Home has recently refinished hardwood floors, large fenced backyard (very pet friendly with plenty of room to play and relax), new interior paint, exterior repairs, painted front porch, brand new dishwasher, brand new stove and several other amenities! Roof and water heater are estimated to be less

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3597 Bayliss Ave, Memphis, TN 38122
• 

  

  /10

  $123,699

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 868 Sq Ft

  185 Vernelle Ave, Memphis, TN 38109

  Improved Pricing: This fully renovated home delivers modern comfort and standout value from the moment you arrive. Inside, you’ll find an updated kitchen with fresh finishes, a remodeled bathroom, and brand-new LVP flooring that ties the space together with a clean, contemporary feel. The entire home (interior and exterior) has been painted, giving it a crisp, like-new look throughout. Outside,

  Victoria Brown 4 Success Realty, LLC

  185 Vernelle Ave, Memphis, TN 38109
• 

  

  /12

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,209 Sq Ft

  1167 Fiber Rd, Memphis, TN 38109

  Excellent investment opportunity featuring 4 bedrooms, 2 bathrooms, and approximately 1,209 sq ft of living space. This property offers strong rental potential with estimated monthly income ranging from $1,150–$1,275. A great option for investors looking to add cash-flow potential to their portfolio. Spacious layout, solid income opportunity, and long-term investment value make this property one

  James Johnson Crestcore Realty, LLC

  1167 Fiber Rd, Memphis, TN 38109
• 

  

  /24

  $168,900

  $11K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,414 Sq Ft

  1621 Kendale Ave, Memphis, TN 38106

  Beautifully renovated 3-bed, 1-bath gem in Memphis' historic Glenview neighborhood! This 1,414 sq ft charmer features refinished hardwood floors, a cozy fireplace, and an updated kitchen with modern finishes and ample cabinetry. Generously sized rooms, abundant natural light, and a large yard perfect for entertaining. Covered porch, patio, and parking pad included. Central heat & air. This home

  Austin Rowe Onward Real Estate

  1621 Kendale Ave, Memphis, TN 38106
• 

  

  /8

  $114,900

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,599 Sq Ft

  4178 Crain Rd, Memphis, TN 38128

  Great opportunity for investors or buyers. Split level home offers solid potential for renovation & future upside. Property is being sold as is. Proof of funds required with all offers. BUYER'S AGENT TO PAY A $200.00 OFFER MANAGEMENT FEE AT CLOSING OF ANY ACCEPTED OFFER.

  Courtney Read Vylla Home

  4178 Crain Rd, Memphis, TN 38128
• 

  

  /16

  $250,000

  • 5 Beds
  • 4 Baths
  • 3,005 Sq Ft

  4474 Saint Honore Dr, Memphis, TN 38116

  This spacious 5 bedroom, 4 bathroom home offers over 3,000 square feet and was previously utilized as a co-living space presenting a unique opportunity for investors or multi-generational living. Situated on a large lot in a quiet cove, the property features a wrought iron security fence, an automatic electric gate, and a two-car garage, providing both privacy and convenience.

  Terrance Hill eXp Realty, LLC

  4474 Saint Honore Dr, Memphis, TN 38116
• 

  

  /40

  $309,900

  • 4 Beds
  • 2 Baths
  • 2,055 Sq Ft

  4506 Verne Rd, Memphis, TN 38117

  This is the one you've been waiting for! Light-filled one level home with desirable split floorplan in great East Memphis location with IN-GROUND POOL! Beautiful flow between rooms & expansive primary suite with sitting area! Dedicated office off the living room! The crown jewel is the awesome backyard with the sparkling pool w/ new pump & timer and newer liner. All new insulation = low MLGW

  Lauren Waites Real Estate Agency

  4506 Verne Rd, Memphis, TN 38117
• 

  

  /22

  $270,000

  New Construction $5K PRICE DROP

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

  1111 Walker Ave, Memphis, TN 38106

  Be the first to own one of 4 newly custom designed homes nestled in a well-established neighborhood in the heart of historic South Memphis. Close to the LeMoyne-Owen College campus & under a mile from the iconic Stax Museum, this home offers a unique opportunity to enjoy modern living in a culturally rich &historic area. This home offers over 1,700 sq ft of thoughtfully designed living space,

  James Harvey Jr Keller Williams

  1111 Walker Ave, Memphis, TN 38106
• 

  

  /40

  $365,000

  • 4 Beds
  • 2.5 Baths
  • 2,963 Sq Ft

  8675 Cedar Farms Dr, Cordova, TN 38016

  Located in sought-after Riverwood Farms, one of Cordova’s premier communities, this beautifully updated home offers the perfect combination of comfort, space, & neighborhood amenities! Enjoy private lakes, walking trails, picnic areas, & a neighborhood school all within the community. This spacious home features 4 large bedrooms, 2.5 baths, & almost 3000 square feet. The functional floorplan

  CHERYL BROGDON KAIZEN Realty, LLC

  8675 Cedar Farms Dr, Cordova, TN 38016
• 

  

  /24

  $385,000

  • 3 Beds
  • 2.5 Baths
  • 3,008 Sq Ft

  6710 Kirby Oaks Ln, Memphis, TN 38119

  Beautiful one-level home tucked away in a gated community featuring an open-concept floor plan with everything conveniently located on one level, plus a massive expandable area upstairs offering endless possibilities for additional living space, media room, or guest suite. The spacious kitchen opens seamlessly to the large gathering room and features granite countertops, tile finishes, and a cozy

  Michael Jones BHHS Taliesyn Realty

  6710 Kirby Oaks Ln, Memphis, TN 38119
• 

  

  /13

  $123,900

  $1K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,429 Sq Ft

  6543 Fern Creek Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,075/mo. Lease until July 2026. Two story great room with fireplace, wood laminate floors, newer roof, water heater & HVAC system, granite. Bed/Bath up, Bed/Bath down, Loft area up. Screened-in patio, fenced-in backyard.

  Brandon Smith Smith Family Real Estate, LLC

  6543 Fern Creek Dr, Memphis, TN 38115
• 

  /2

  $109,000

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

  635 Mcwhirter Ave, Memphis, TN 38127

  BOTH UNITS ARE TENANT OCCUPIED!!! DO NOT DISTURB THE TENANTS!!!! All offers must be accepted prior to any inspections. Please call the listing agent for information and showing instructions. 635 McWirter cureently rents for $600 a month and 637 McWhirter rents for $785 a month. Offer instructions are in the documents tab. Listing agent to hold earnest money.

  Henry Booth Omni, REALTORS

  635 Mcwhirter Ave, Memphis, TN 38127
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  /32

  $335,000

  • 4 Beds
  • 2.5 Baths
  • 2,279 Sq Ft

  3951 Fun Valley Dr, Memphis, TN 38125

  Completely updated in 2023, this home is move-in ready for the next owner to enjoy. Major improvements include a new roof, new HVAC, updated luxurious bathrooms, refreshed interiors, and granite countertops in the kitchen. The large living room provides plenty of space to gather, relax, and entertain. The spacious backyard offers plenty of room to play, relax, and entertain. Located in a highly

  Meredith Vezina Keller Williams

  3951 Fun Valley Dr, Memphis, TN 38125
• 

  

  /23

  $205,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,603 Sq Ft

  2132 Lyon Ave, Memphis, TN 38108

  *Brand New Construction!* This beautiful 4-bedroom, 2-bath home features modern finishes, an open-concept floor plan, and all the benefits of new construction. Conveniently located in North Memphis, you'll be just 15 minutes from downtown while being only minutes from everything Midtown has to offer, including the Memphis Zoo, local restaurants, shopping, parks, and entertainment. Enjoy spacious

  Crystal Mitchell Renshaw Company, REALTORS

  2132 Lyon Ave, Memphis, TN 38108
• 

  

  /27

  $155,000

  $20K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 787 Sq Ft

  2195 Poplar Ave Unit 207, Memphis, TN 38104

  Stylish 1-bedroom, 1-bath second-floor flat directly across from Overton Park Golf Course. This modernized unit features an open floorplan with wood laminate floors, a spacious balcony, and abundant natural light. The kitchen boasts granite countertops, wood cabinetry, a breakfast bar, and stainless steel appliances including a new refrigerator. The bathroom includes a matching stone countertop

  Donnie Morrow eXp Realty, LLC

  2195 Poplar Ave Unit 207, Memphis, TN 38104
• 

  

  /12

  $135,000

  $7K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,076 Sq Ft

  1284 Merrycrest Dr, Memphis, TN 38111

  3 bedroom brick home in move in condition ready for its new owners. Conveniently located to freeway, places of worship and more. Large backyard.Appliances stay. Call your favorite real estate agent today for a private showing. Seller requests only pre approved buyers tour property. Seller says roof replaced 2020, Windows replaced 2021, Electrical 2024, A/C 2019. Move-in ready.

  Monica Mauricio REMAX Experts

  1284 Merrycrest Dr, Memphis, TN 38111
• 

  

  /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
• 

  

  /5

  $102,000

  $3K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,670 Sq Ft

  3382 Frayser School Dr, Memphis, TN 38127

  Currently leased at $1,165/month through 01/31/2027. Well-maintained investment property featuring a newer roof, updated HVAC, refreshed kitchen, durable flooring, and updated baths. Convenient to Frayser-Corning Elementary, Grandview Heights Middle, Trezevant High, Superlo Foods, Frayser Village Shopping Center, Frayser Park, Interstate 40, and major employers including Amazon and Nike

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
• 

  

  /25

  $199,500

  • 3 Beds
  • 2 Baths
  • 1,175 Sq Ft

  7750 Shadowland Dr, Memphis, TN 38125

  Welcome to 7750 Shadowland Dr., located in unincorporated Shelby County with NO city taxes! This move-in ready home features a desirable split floorplan, making it ideal for both homeowners and investors. Recent updates include luxury vinyl flooring throughout, fresh interior paint, new granite countertops, new stainless steel appliances, crisp white trim, and a fresh neutral color palette.

  Erica Martin Real Estate Agency

  7750 Shadowland Dr, Memphis, TN 38125
• 

  

  /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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