Shelby County TN Homes under $200,000

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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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  /10

  $124,900

  • 4 Beds
  • 2 Baths
  • 1,084 Sq Ft

  1410 Lyceum Rd, Memphis, TN 38106

  ATTENTION INVESTORS!! 1410 Lyceum Rd, Memphis, TN 38106 is a professionally managed in-house, fully renovated 4BR/2BA, 1,084 SF turnkey rental offering a strong 5.31% cash-on-cash return with a monthly cash flow of $166.79. Financials available upon request. Major improvements include a NEW 30-year architectural roof, NEW 3-ton Carrier HVAC system, NEW 40-gallon water heater, and a full

  James Wachob Foundation Property Management

  1410 Lyceum Rd, Memphis, TN 38106
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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

  $179,000

  $10K PRICE DROP

  • 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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  /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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  /2

  $135,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,112 Sq Ft

  4401 Quince Rd, Memphis, TN 38117

  15k price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1195/mo with a market rent of $1500/mo. 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

  William Haynes Crye-Leike, Inc., REALTORS

  4401 Quince Rd, Memphis, TN 38117
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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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  /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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  /2

  $149,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,286 Sq Ft

  4566 Fawn Hollow Cove, Memphis, TN 38141

  Motivated seller offering an occupied, income-producing investment property—currently rented at $1,425/month with an active lease through 9/30/2026. Available individually or as part of a portfolio with strong-performing assets. 4305 Creekbed Cv. listed at $155,000 rented at $1169 and 4529 Country Brook Dr. listed at $150,000 and rented at $1350. Sold AS-IS. Do not disturb tenant. Inspection

  James Johnson Crestcore Realty, LLC

  4566 Fawn Hollow Cove, Memphis, TN 38141
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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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  /18

  $180,000

  • 2 Beds
  • 2.5 Baths
  • 1,500 Sq Ft

  1681 Oaken Bucket Dr, Cordova, TN 38016

  This charming Cordova home is a must see and boasts two primary bedrooms on the 1st and 2nd floors! Step into an open layout featuring a large den/great room, a cozy fireplace, convenient half bath and a breakfast area that is perfect for morning coffee. This is the ideal space to relax in the evenings or gather with family and friends. Don't wait! Book your appointment today!

  Frank Colvett REMAX Experts

  1681 Oaken Bucket Dr, Cordova, TN 38016
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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

  ATTENTION INVESTORS! Welcome to 3696 Parfet Cove! A strong investment opportunity generating an estimated monthly cash flow of $108.90 with a projected 3.87% cash-on-cash return. 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

  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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  /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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  /13

  $198,000

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

  1774 Crump Ave Unit A, Memphis, TN 38107

  Investor Opportunity – Income-Producing Duplex Great investment opportunity! These duplex features two 1BR/1BA units. One unit is currently occupied on a month-to-month lease generating $550 on a year lease, providing immediate rental income, while the second unit is vacant and move-in ready. Ideal for investors or owner-occupants looking to live in one unit and rent the other. Convenient layout

  LaTonya Hammond Lawrence Johnson, REALTORS

  1774 Crump Ave Unit A, Memphis, TN 38107
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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!! Professionally managed in-house, 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,

  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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  /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 4973 Longtree, 4395 Ann Arbor, and 80 E. Bodley

  Tyler Tapley Crye-Leike, Inc., REALTORS

  599 Blackhawk Rd, Memphis, TN 38109
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  /20

  $160,000

  $5K PRICE DROP

  • Land
  • 3.87 Acres
  • $41,344 per Acre

  11516 Wynestone Oaks Cove, Unincorporated, TN 38028

  Rare opportunity to build your custom dream home on nearly 4 acres in the established Wynestone Oaks community in Eads. Located on a quiet cove with no cut-through traffic, this homesite offers privacy, space, and a peaceful setting surrounded by high-end custom homes. The neighborhood features estate-size lots of approximately four acres, creating a true country living feel while still being

  Suzanne White Groome & Co.

  11516 Wynestone Oaks Cove, Unincorporated, TN 38028
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  /10

  $115,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,130 Sq Ft

  3534 Marion Ave, Memphis, TN 38111

  Incredible investment opportunity available with huge potential upside! Market rent is over $1000 ARV is over 160k! 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 rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3534 Marion Ave, Memphis, TN 38111
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  /3

  $175,000

  $175K PRICE DROP

  • 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

  $195,000

  $4K PRICE DROP

  • 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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  /17

  $185,000

  • 3 Beds
  • 2 Baths
  • 1,454 Sq Ft

  5414 Newberry Ave, Memphis, TN 38115

  This is 3 bedroom 2 bath home with separate living, dining room and den. The inside of this home has been recently updated throughout This home offers large bedrooms and located in sought after neighborhood in Fox Meadows. This home has fenced in backyard in rear with plenty of space. This home located within minutes of gas, shopping, entertainment and highway access. This property is owned by

  Juan Brooks Process Realty Services

  5414 Newberry Ave, Memphis, TN 38115
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  /18

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,450 Sq Ft

  1577 S Highland St, Memphis, TN 38111

  Updated 3BR/2BA home in a prime East Memphis location! Features spacious living areas, modern updates, and a functional layout perfect for homeowners or investors. Conveniently located near the University of Memphis, shopping, dining, and major highways. Move-in ready with great potential!

  Cesar Lara Fast Track Realty, LLC

  1577 S Highland St, Memphis, TN 38111
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  /14

  $154,900

  • 3 Beds
  • 2 Baths
  • 1,327 Sq Ft

  4995 Stacey Rd, Memphis, TN 38109

  ATTENTION INVESTORS!! Turnkey investment opportunity, income-producing asset with tenant in place. Currently leased at $1,225/month through 4/27/2028, delivering $163.38/month in cash flow and a 4.34% cash-on-cash return. Financials available upon request. Major improvements include a new 30-year architectural roof, new 3-ton HVAC system, new 30-gallon water heater, and a fully renovated kitchen

  James Wachob Foundation Property Management

  4995 Stacey 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
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  /22

  $200,000

  • 2 Beds
  • 2.5 Baths
  • 1,555 Sq Ft

  433 S Perkins Rd Unit 17, Memphis, TN 38117

  Enjoy easy living in Perkins Gardens Condominiums, a gated East Memphis community in a fantastic 38117 location. This 2 bedroom, 2.5 bath condo offers 1,555 square feet, a functional layout, and private baths for both bedrooms. One bedroom features a balcony overlooking the pool, offering a peaceful place to relax and enjoy the view. With covered parking and close proximity to shopping, dining,

  Bryan Ratcliff KAIZEN Realty, LLC

  433 S Perkins Rd Unit 17, Memphis, TN 38117
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  /22

  $199,000

  • 3 Beds
  • 2 Baths
  • 1,690 Sq Ft

  961 Little John Rd, Memphis, TN 38111

  Beautifully maintained brick home in the established Sherwood Forest neighborhood featuring 3 bedrooms and 2 full baths. This home offers timeless hardwood floors, abundant natural light, and spacious rooms throughout. The oversized primary suite includes a private bath and large walk-in closet. The kitchen features gas cooking, a large pantry, and opens to a flexible bonus room perfect for an

  Cassandra Dimento John Green & Co., REALTORS

  961 Little John Rd, Memphis, TN 38111
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  /6

  $164,700

  New Construction

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

  589 Gilleas Rd, Memphis, TN 38109

  New construction! 3 Bedrooms, 2 Baths, large lot, central AC/Heat, all electric appliances etc... Construction will be completed within 30 days of an accepted offer.

  Myles Wilson Keller Williams

  589 Gilleas Rd, Memphis, TN 38109
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  /13

  $124,500

  $11K PRICE DROP

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

  2638 Hawkins Mill Rd, Memphis, TN 38127

  Charming, move-in ready 3-bedroom, 2-bath home in a well-established neighborhood known for its friendly community and convenient living. Perfect for first-time buyers or those looking to downsize without sacrificing comfort, this home offers both functionality and room to grow. Recent updates provide peace of mind, including an 8-year-old roof, interior A/C unit less than 5 years old, and a hot

  Pat Edwards-Sipp BenchMark REALTORS, LLC

  2638 Hawkins Mill Rd, Memphis, TN 38127

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