Shelby County TN Homes under $200,000

• 

  

  

  /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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  /33

  $114,900

  $15K PRICE DROP

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

  4553 Neely Rd, Memphis, TN 38109

  Welcome to this charming 1960s-built ranch that perfectly blends classic character with essential modern comforts. Spanning 1,280 square feet, this meticulously maintained 3-bedroom, 2-bathroom home features gorgeous original hardwood flooring throughout the main living areas, adds a warm and timeless aesthetic. The heart of the home is the spacious kitchen and dining combination, complete with

  Christopher Stjernholm Trelora Realty

  4553 Neely Rd, Memphis, TN 38109
• 

  

  

  /20

  $175,000

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

  2922 Semmes St, Memphis, TN 38114

  New Construction just completed! This 3 bed, 2 bath home offers 1,000 heated sq ft with modern finishes, open layout, and move-in ready convenience. Perfect for homeowners or investors don’t miss this opportunity!

  Cesar Lara Fast Track Realty, LLC

  2922 Semmes St, Memphis, TN 38114
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  /28

  $199,000

  $6K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,579 Sq Ft

  1457 S Cooper St, Memphis, TN 38114

  Turnkey duplex investment opportunity with both units currently leased, producing $1,440/month in gross rental income. This cash-flowing property offers immediate income from day one with established tenants already in place, minimizing vacancy risk and providing a smooth transition for the next owner. Ideally positioned in Midtown Memphis, just minutes from the vibrant districts of Cooper-Young

  Eric Earles Fast Track Realty, LLC

  1457 S Cooper St, Memphis, TN 38114
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  /26

  $200,000

  • 2 Beds
  • 2 Baths
  • 1,118 Sq Ft

  1024 Wrenwood St, Memphis, TN 38122

  Welcome to this beautifully updated home in the heart of Memphis! Located in the Berclair area in the Grahamwood school district. This home is convenient to shopping and the University of Memphis. This 2-bedroom, 2-bathroom home features New Roof , New Water heater and New HVAC. This home has a fully updated interior and is definitely a MUST SEE!!

  Marquis Jones KAIZEN Realty, LLC

  1024 Wrenwood St, Memphis, TN 38122
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  /26

  $159,900

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  2292 Daywood Ave, Memphis, TN 38127

  Welcome to 2292 Daywood Ave! This newly built home in the heart of Frayser offers 4 beds, 2 baths and combines space, style, and functionality. Step into an open living area highlighted by a sleek electric fireplace, perfect for relaxing or entertaining. The home features durable luxury vinyl flooring, granite countertops in the kitchen, and fully tiled bathrooms for a clean, modern look. A

  Joshua Moss KAIZEN Realty, LLC

  2292 Daywood Ave, Memphis, TN 38127
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  /2

  $150,000

  • Land
  • 1.26 Acres
  • $119,048 per Acre

  5105 Pleasant View Rd, Memphis, TN 38134

  Terrance Hill eXp Realty, LLC

  5105 Pleasant View Rd, Memphis, TN 38134
• 

  /2

  $114,900

  • 3 Beds
  • 1 Bath
  • 979 Sq Ft

  4224 Arrowhead Rd, Memphis, TN 38118

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38118 area. Cash flowing with a monthly rental amount of $1,100/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

  4224 Arrowhead Rd, Memphis, TN 38118
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  /28

  $157,000

  $10K PRICE DROP

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

  3681 Natalie Dr, Memphis, TN 38128

  Welcome home to 3681 Natalie Dr! This charming 3-bedroom, 2-bath home features a bright and inviting living area, a spacious kitchen with plenty of storage, and a backyard perfect for gatherings. Conveniently located near shopping, schools and easy access to major highways, this home offers both comfort and convenience. This beautiful home is available exclusively to low-to-moderate income

  Nyssa Kizer Regency Realty, LLC

  3681 Natalie Dr, Memphis, TN 38128
• 

  

  /16

  $115,000

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,016 Sq Ft

  2380 Hillside Ave, Memphis, TN 38127

  Great brick home with a fully fenced large yard, features a 2-car carport with a spacious storage room. Acclaim double hung windows installed in 2025 in bedrooms, half bath and living room, aluminum storm door installed in 2023, and beautiful hardwood floors throughout living room, hallway and primary bedroom and 2nd bedroom. Roof is 6 years old. Refrigerator and stove to remain AS-IS (working

  Ana Ortiz Perales REMAX Experts

  2380 Hillside Ave, Memphis, TN 38127
• 

  

  /16

  $165,000

  $20K PRICE DROP

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

  5122 Warfield Dr, Memphis, TN 38117

  This ranch style home won't last long. Easy to show and you may submit offer immediately. This large lot ranch home offers an eat in kitchen, separate den, separate living room, 3 bedrooms and 2 bathrooms. The home offers central heat & air and window units. Storage building in back. Easy to show and all offers must provide proof of funds or commitment letter. All buyers must view the home before

  Micah Layman Ware Jones, REALTORS

  5122 Warfield Dr, Memphis, TN 38117
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  /26

  $170,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,110 Sq Ft

  2277 Union Ave Unit 105, Memphis, TN 38104

  Rare Find in This Special Residence! A First Floor Unit #105 with 2 BR & 2BA! Shows Perfectly! New Outdoor Green Grass Carpet on Private Patio! Wow! Spacious Living Rm Area & Dining Rm! Cozy & Functional TV viewing Area! Updated Kitchen with ample countertop space & SS Appliances! The Primary Suite is large and enjoys a Beautiful Salon Bath with large walk-in shower! A Jetted Tub! and Beautiful

  Ray Wallace REMAX Experts

  2277 Union Ave Unit 105, Memphis, TN 38104
• 

  

  /22

  $105,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,705 Sq Ft

  3158 Ford Rd, Memphis, TN 38109

  Solid brick 3-bedroom, 2-bath home with great bones and a spacious layout. Sitting beautifully on a private, level lot with a large backyard perfect for outdoor living with a covered patio ready for gatherings or quiet evenings. Inside you’ll find a functional floor plan with room to personalize and update to your style. Whether you're a first-time buyer looking to build equity or an investor

  Elliot Cerezo The Home Partners Realty

  3158 Ford Rd, Memphis, TN 38109
• 

  

  /13

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,300 Sq Ft

  5001 Frankie Ln, Memphis, TN 38109

  AINVESTOR"S SPECIAL!!! TENANT in place with rental income. A cute home, an excellent investment property opportunity or for a buyer looking for the perfect fixer upper. A split bedroom floorplan, with 2 bedrooms down and 2 bedrooms upstairs. Seller has done a minor refresh with new interior paint and new laminate flooring. Five minutes from the interstate and local shopping. A block away from the

  Linitra Washington KAIZEN Realty, LLC

  5001 Frankie Ln, Memphis, TN 38109
• 

  

  /22

  $114,000

  $16K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,218 Sq Ft

  855 Hilton St, Memphis, TN 38114

  Price Improvement! Tenant's rights-DO NOT disturb tenant. Investors, this is a great addition to your portfolio! Professionally managed, remodeled 4 bedroom, 1 bathroom home currently renting through Section 8 for $1250, but rental amount is currently in renegotiation with MHA-call for updates. New furnace (2022), new AC condenser (2022), new roof (2022), water heater (2022), and gas stove

  Aaron Ivey eXp Realty

  855 Hilton St, Memphis, TN 38114
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  /8

  $122,200

  $3K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,000+ Sq Ft

  1382 Mary Jane Ave, Memphis, TN 38116

  Turnkey investment opportunity with tenant in place paying $1,175/month ($14,100 annually), providing immediate cash flow. Estimated monthly cash flow of $200.99 with a projected 6.51% cash-on-cash return. Professionally managed 3BR/1BA home featuring hard surface flooring throughout, fresh interior paint, bright living area, modern kitchen with shaker cabinets, central heat and air, and a

  James Wachob Foundation Property Management

  1382 Mary Jane Ave, Memphis, TN 38116
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  /7

  $135,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,108 Sq Ft

  3755 Fairmont Ave, Memphis, TN 38122

  Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to

  Stephen Akindona Kairos Realty

  3755 Fairmont Ave, Memphis, TN 38122
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  /33

  $185,000

  $15K PRICE DROP

  • 2 Beds
  • 3 Baths
  • 1,261 Sq Ft

  529 Peabody Square, Memphis, TN 38104

  Discover the best kept secret in Central Gardens, Peabody Square, a small private condo community of secluded townhomes in a beautifully landscaped setting with towering trees. This 2 bedroom 1 and 1/2 bath condo is renovated throughout including a wonderful high end kitchen with new cabinets, quartz countertops, SS appliances and subway tile to the ceiling. The kitchen is open to a cozy

  Jane Baker Sowell, Realtors

  529 Peabody Square, Memphis, TN 38104
• 

  /2

  $105,000

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  1463 Effie Rd, Memphis, TN 38106

  DO NOT DISTURB THE TENANTS!!! Looking to add to your portfolio. This duplex brings in $1200 a month ($600 each side) This 1-bedroom and 1-bath duplex has tenants on both sides. These units were freshly painted about a year ago.

  Sherita McCray Assured Real Estate Services

  1463 Effie Rd, Memphis, TN 38106
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  /13

  $200,000

  $50K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,412 Sq Ft

  4491 Dunn Ave, Memphis, TN 38117

  Completely refreshed and move-in ready! This beautifully updated home offers a bright, neutral interior with refinished hardwood floors, updated lighting, and fresh paint throughout. The kitchen features crisp white cabinetry, updated appliances, and ample counter space for everyday living and entertaining. You’ll love the modernized bathroom with classic subway tile shower, designer niche

  April Garrett C21 Patterson & Assoc. Real Es

  4491 Dunn Ave, Memphis, TN 38117
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  /35

  $129,900

  • 4 Beds
  • 1.5 Baths
  • 1,199 Sq Ft

  670 Whiterock Ave, Memphis, TN 38109

  Welcome to 670 Whiterock Ave! This charming 4-bedroom, 1.5-bathroom home offers modern comfort in a well-established Memphis community. Built in 1971, this property stands out as a newer infill home, featuring a low-maintenance brick veneer exterior and a spacious 0.24-acre lot. Inside, you’ll find a functional 1,200 sq. ft. layout designed for efficiency and style. The large backyard provides

  Tiffany Jones Trelora Realty

  670 Whiterock Ave, Memphis, TN 38109
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  /8

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,501 Sq Ft

  1839 Lanier Ln, Memphis, TN 38117

  Charming 3-bedroom, 2-bath home located in a quiet, established neighborhood of East Memphis. Features include a spacious living room / dining room and separate den offering flexible living and entertaining space. Photos are prior to tenant occupancy. Property is currently tenant-occupied on a month-to-month lease, providing flexibility for investors or owner-occupants—continue as an

  Amanda Bryant Glenn Rutherford Company, Inc.

  1839 Lanier Ln, Memphis, TN 38117
• 

  

  /27

  $100,000

  $55K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 2,000+ Sq Ft

  668 Westview Rd, Memphis, TN 38109

  Nice 3-bedroom, 1- bathroom home on a 0.71-acre lot that offers privacy. Rent ready for investors. One highlight of this property is the large den/great room. Lot is large enough for a garden, garage and/or storage building. The seller welcomes all offers.

  Sharon Harris Keller Williams

  668 Westview Rd, Memphis, TN 38109
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  /2

  $135,000

  • 5 Beds
  • 2 Baths
  • 1,877 Sq Ft

  1522 Frayser Blvd, Memphis, TN 38127

  Terrific investment opportunity! Tenant occupied, currently rented for $1395/mo. Professionally managed. Home has been well maintained with some recent repairs and a good looking roof. Five bedroom, two bathroom brick property with central heat and air and extra large parking pad. Conveniently located near schools, parks and Ed Rice Community Center. Multiple properties for sale, can be bought in

  William Haynes Crye-Leike, Inc., REALTORS

  1522 Frayser Blvd, Memphis, TN 38127
• 

  

  /31

  $139,900

  $19K PRICE DROP

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

  1212 Bristol Dr, Memphis, TN 38119

  End Unit Townhome in Chatham Village has two bedroom, one and a half baths. Excellent value, this condominium includes refrigerator, private patio for cookouts or relaxing, kitchen w/ breakfast bar opens to a dining room and large living room w/ hardwood floors down, primary bedroom has double closets, carpet upstairs, updated full bath, the laundry closet in the up foyer and there is attic space

  Amirio Armour Armour and Associates Realty L

  1212 Bristol Dr, Memphis, TN 38119
• 

  

  /22

  $153,900

  • 3 Beds
  • 2 Baths
  • 1,349 Sq Ft

  4445 Don St, Memphis, TN 38109

  Step into this beautifully refreshed 3-bedroom, 2-bath home in the heart of Memphis! Featuring new carpet, fresh paint, and an inviting updated screened in patio perfect for relaxing or entertaining, this home is move-in ready and full of charm. Enjoy a spacious layout with comfortable living areas and a backyard ideal for gatherings. Whether you’re a first-time buyer or looking to upgrade, this

  Tia Jennings Keller Williams

  4445 Don St, Memphis, TN 38109
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  /12

  $125,000

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,116 Sq Ft

  4125 Michael Rd, Memphis, TN 38116

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4125 Michael Rd, Memphis, TN 38116
• 

  

  /18

  $165,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,319 Sq Ft

  4367 Suncrest Dr, Memphis, TN 38127

  $5000 BUYER CREDIT for closing costs and prepaids!!! BRAND NEW CONSTRUCTION! INVESTOR SPECIAL! Low maintenance. 4 bed 2bathroom in a great location! One year Builder's Warranty included. Hardi-Plank exterior, Double Insulated Windows. Interior features include Low Maintenance stained concrete floors, custom kitchen cabinets and bathroom vanities with granite counter-tops, upgraded plumbing and

  Brett Bernard The Stamps Real Estate Company

  4367 Suncrest Dr, Memphis, TN 38127
• 

  

  /17

  $179,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,538 Sq Ft

  913 Chambliss Rd, Memphis, TN 38116

  Home is in the process of being completely renovated. New roof, new HVAC system, all new appliances, new paint inside and out, new hot water heater, all new kitchen cabinets with granite counter tops, new bathroom vanities, new toilets and tubs. Home features large bedrooms, wood all new wood laminate floors throughout home all new windows and all new light fixtures inside and out. Large lot with

  James Walker REMAX Experts

  913 Chambliss Rd, Memphis, TN 38116
• 

  

  /23

  $169,900

  • 3 Beds
  • 2 Baths
  • 1,305 Sq Ft

  721 Inez St, Memphis, TN 38111

  INVESTOR'S DREAM! Tenant occupied for $1650 per month, lease expires 4/2027. The property is professionally managed. Newly renovated bungalow featuring 3 bedrooms and 2 full bathrooms. This home offers modern updates including accent walls, recessed lighting, and beautifully tiled bathrooms. The property also includes a detached garage and a fenced backyard, perfect for added privacy and outdoor

  Raven Henderson KAIZEN Realty, LLC

  721 Inez St, Memphis, TN 38111
• 

  

  /27

  $175,000

  • 2 Beds
  • 2 Baths
  • 1,151 Sq Ft

  1960 N Parkway Unit 1208, Memphis, TN 38112

  Located on the fully renovated 12th floor, this updated 2 bedroom/2 bath condo offers spectacular panoramic views of Downtown and the Memphis Zoo. Key features include: updated Champion windows and sliding glass doors, gleaming parquet flooring throughout living room dining room and kitchen, with brand-new vinyl plank flooring in the bedroom and office/2nd bedroom. Expansive walk-in

  Meredith Coughlin Keller Williams

  1960 N Parkway Unit 1208, Memphis, TN 38112
• 

  

  /17

  $159,900

  $5K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 800+ Sq Ft

  812 Creekside Dr Unit 2, Memphis, TN 38117

  PRICE REDUCTION!!! NEW PRICE on this Charming 1-Bedroom, 1-Bath Condo in East Memphis --- Located in a gated community with beautifully landscaped grounds and access to amenities, this condo offers a peaceful, low-maintenance living space. Only a stone's throw away from some of East Memphis' best shopping and eats. Call your agent and book a showing today!

  Ali Abu-Khraybeh Renshaw Company, REALTORS

  812 Creekside Dr Unit 2, Memphis, TN 38117
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  /7

  $125,000

  $10K PRICE DROP

  • Land
  • 2.16 Acres
  • $57,870 per Acre

  867 E Alcy Rd, Memphis, TN 38106

  Improved 2.16 acres featuring utilities in place, elevated terrain, and partial clearing, located in a private, quiet rural area just minutes from Graceland and major interstate access—a rare combination of peaceful seclusion and prime connectivity.

  Tina Dugan Keller Williams

  867 E Alcy Rd, Memphis, TN 38106
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  /11

  $119,000

  $418K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  433 Dixie Rd, Memphis, TN 38109

  ATTENTION INVESTORS!! Professionally managed in-house, fully renovated, turnkey rental with long-term tenant in place. Leased at $900/month through 2/25/2028, delivering consistent cash flow of $175.52/month and a 5.81% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new HVAC condenser, upgraded electrical system (converted from

  James Wachob Foundation Property Management

  433 Dixie Rd, Memphis, TN 38109
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  /10

  $125,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,298 Sq Ft

  3832 Lake Park Cove, Memphis, TN 38127

  Your Perfect 4-Bedroom Investment Property Awaits. This spacious, 4-bedroom, 2-bathroom home, built in 2021, is a must-see for investors. Boasting an open floor plan, this home is ready for immediate move-in and easy to lease. Situated in a rapidly growing area, Frayser is undergoing nearly $60 million in new developments, including a brand-new high school that will elevate the neighborhood’s

  Anna Bishop Crye-Leike, Inc., REALTORS

  3832 Lake Park Cove, Memphis, TN 38127
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  /9

  $150,000

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,253 Sq Ft

  3011 Beauchamp Dr, Memphis, TN 38118

  Solid investment opportunity in Memphis. This 3 bedroom 1.5 bathroom property at 3011 Beauchamp Dr is tenant occupied and currently rented for $984.95 per month, providing immediate income for an investor looking to add to their portfolio. With steady cash flow already in place, this property offers a practical option for both new and experienced investors seeking rental income. Located in an

  Jose Adan Leal Garcia Fast Track Realty, LLC

  3011 Beauchamp Dr, Memphis, TN 38118
• 

  

  /15

  $103,000

  $2K PRICE DROP

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

  3445 Pruett Ct, Memphis, TN 38111

  Gated Condo Complex located mins from the University of Memphis and Highland Strip. This 2bed/1.5 bath could make a great investment for an investor or home for an owner occupant. Living Room, Dining Area, and Fenced in Patio Area. HOA is $140 monthly and covers exterior maintenance repairs, property insurance, landscaping & grounds cleaning, pest control, water/sewer for property, utilities for

  Monica Bynum Crye-Leike, Inc., REALTORS

  3445 Pruett Ct, Memphis, TN 38111
• 

  

  /19

  $100,000

  $20K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  1270 Chickamauga Ave, Memphis, TN 38109

  Lovely 3 bedroom 1 and a half bathroom brick home all one one level! This home was just rehabbed in 2026 and is ready for a new owner! Wonderful home with new interior paint, low maintenance flooring, with excellent floor plan including: den, dining room, large laundry room, and open kitchen concept (perfect for entertaining). This home has an extra large primary bedroom with private half

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1270 Chickamauga Ave, Memphis, TN 38109
• 

  

  /30

  $185,000

  $27K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 906 Sq Ft

  655 S Riverside Dr Unit 708A, Memphis, TN 38103

  Experience premier Downtown Memphis condo living in the highly desirable River Towers, one of the city’s most iconic high-rise buildings. This fully updated 1 bedroom, 1 bathroom condo features fresh paint, new floors, granite in kitchen and a functional open layout designed for effortless living. A spacious private balcony offers incredible views and the perfect space to relax or entertain. The

  Pam Beall Crye-Leike, Inc., REALTORS

  655 S Riverside Dr Unit 708A, Memphis, TN 38103

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