Shelby County TN Homes under $200,000

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  /13

  $145,000

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 848 Sq Ft

  3534 Rochester Rd, Memphis, TN 38109

  Move-In Ready & Full of Updates! Check out this beautifully maintained 3-bedroom, 1-bath home in immaculate condition! This home features brand-new flooring throughout, an updated bathroom with a stylish tile shower, new tub, and new toilet. You’ll also love the new countertops, updated light fixtures, and fresh paint that give the home a clean, modern feel. Step outside to enjoy a huge

  Kizzy Neder Lawrence Johnson, REALTORS

  3534 Rochester Rd, Memphis, TN 38109
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  /3

  $124,900

  • 3 Beds
  • 1 Bath
  • 971 Sq Ft

  3302 N Watkins St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1005/month. The lease ends on 4/30/2027. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3302 N Watkins St, Memphis, TN 38127
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  /7

  $150,000

  • Land
  • 9,583 Sq Ft
  • $681,818 per Acre

  0 Milton Wilson Rd Unit 10197853, Arlington, TN 38002

  Approximately 9845 square feet, frontage on Milton Wilson Blvd. "THE HEART OF ARLINGTON" One of the fastest growing cities in the state. Steady population growth. Developing single family homes to the north. Developing commercial to the west...Kroger, Baptist Medical, restaurants, banking.... Arlington is proving to be a best investment for mixed use commercial and residential.

  John Jordan Jordan Real Estate

  0 Milton Wilson Rd Unit 10197853, Arlington, TN 38002
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  /16

  $105,000

  • 2 Beds
  • 1 Bath
  • 980 Sq Ft

  2190 Howell Ave, Memphis, TN 38108

  INVESTERS ONLY!!! Tenant occupied 2bed 1bath home currently rented at $998/mo. This could be a great addition to your rental portfolio. Home is professionally managed. No Sign in yard. Please do not approach or disturb tenant. Lease and ledgers available upon request. No creative or owner financed offers, no wholesale or assignment please.

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2190 Howell Ave, Memphis, TN 38108
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  /6

  $130,000

  • Land
  • 2.08 Acres
  • $62,500 per Acre

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109

  Build Your Dream Home on 2.08 Acres of Pure Possibility! Tucked away is this 2.08-acre lot offering the perfect canvas to bring your vision to life. Whether you're dreaming of a custom estate, a charming farmhouse, or a modern retreat, this spacious parcel provides room to spread out and breathe. Enjoy the privacy of a large lot with plenty of space for a garden, workshop, or outdoor living

  Melissa Blume Thompson eXp Realty

  0 E Holmes Rd Unit 10202561, Memphis, TN 38109
• 

  /2

  $115,000

  • 2 Beds
  • 1 Bath
  • 1,145 Sq Ft

  1797 Dupont Ave, Memphis, TN 38127

  Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1.5 baths. Currently renting for $1,495 per month. so as not to disturb tenants inspection scheduled after an accepted offer.

  Harry Samuels Pinnacle Realty

  1797 Dupont Ave, Memphis, TN 38127
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  /12

  $185,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,104 Sq Ft

  6310 Martinwood Dr, Millington, TN 38053

  Welcome to 6310 Martinwood Dr in Millington, a charming home tucked into a quiet, established neighborhood. This 3 bedroom, 1 bathroom home offers a comfortable and practical layout that’s perfect for a first-time buyer or anyone looking for a place to call home. The living spaces are easy to enjoy and create a warm, inviting atmosphere for everyday life. Outside, the yard provides space to

  Colby Bennard Epique Realty

  6310 Martinwood Dr, Millington, TN 38053
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  /34

  $179,900

  $20K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,833 Sq Ft

  8406 Rockcreek Pkwy Unit 35, Cordova, TN 38016

  Welcome home to this beautifully updated 3-bedroom, 2.5-bath condo located in a sought-after Chimney Hillswim community! This move-in ready property offers two covered parking spaces and a stylish, modern interior throughout. Step inside to find luxury vinyl plank flooring flowing seamlessly through the main living areas , complemented by a decorative stone wall with a cozy fireplace and

  Suzanne Smith Enterprise, REALTORS

  8406 Rockcreek Pkwy Unit 35, Cordova, TN 38016
• 

  

  /23

  $152,500

  • 3 Beds
  • 1.5 Baths
  • 1,113 Sq Ft

  3687 Bedford Ln, Memphis, TN 38118

  Welcome to this beautifully updated, move-in ready home offering exceptional value for first-time homebuyers, downsizers, and investors alike. This charming 3-bedroom, 1.5-bath residence features a spacious living and dining room combination, providing plenty of room for entertaining, relaxing, or everyday living. Recent improvements make this home truly stand out. The updated kitchen features

  Bryant Smith THE PROFESSIONAL AGENCY

  3687 Bedford Ln, Memphis, TN 38118
• 

  

  /14

  $118,500

  • 1 Bed
  • 1 Bath
  • 667 Sq Ft

  109 N Main St Unit 410, Memphis, TN 38103

  Updated condo just minutes away from restaurants, shopping, hospitals, schools, and more! Wood floors throughout, updated kitchen with backsplash and stainless steel appliances and more. Same floor laundry, onsite management, cleaning services, and a business center. The amenities include hot tub, pool, access to rooftop, 24/7 Exercise Facility, On-site Storage, Penthouse Party Room Parking is

  Daniel Demers Sell Your Home Services, LLC

  109 N Main St Unit 410, Memphis, TN 38103
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  /3

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  961 N Highland St, Memphis, TN 38122

  Fantastic investment opportunity in the Shelby area. Cash flowing with a monthly rental amount of $750 & $875/month. The lease ends on 07/31/2026 & 08/31/2026. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  961 N Highland St, Memphis, TN 38122
• 

  

  /19

  $117,900

  $2K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 935 Sq Ft

  829 Josephine St, Memphis, TN 38114

  Welcome home to this charming renovated 2 BR + 1 Bath home with modern updates throughout. This move-in ready home features fresh interior & exterior paint, new vinyl wood flooring, and updated interior & exterior light fixtures. The kitchen has been refreshed with white shaker cabinets & new countertops, offering a clean and functional space. The bathroom includes a new vanity and updated

  Raychel Day Renshaw Company, REALTORS

  829 Josephine St, Memphis, TN 38114
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  /12

  $169,000

  • 3 Beds
  • 2 Baths
  • 1,158 Sq Ft

  4309 Startouch Cove, Memphis, TN 38141

  Welcome home to comfort and convenience in this charming 3-bedroom, 2-bath home nestled in an established neighborhood. Enjoy a spacious kitchen and dining area as well as a separate living room that is ideal for gathering and entertaining. Also includes generous closet space and storage throughout. This home combines warmth, functionality, and everyday comfort. Property is currently

  Amanda Bryant Glenn Rutherford Company, Inc.

  4309 Startouch Cove, Memphis, TN 38141
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  /11

  $179,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,087 Sq Ft

  616 Shotwell St, Memphis, TN 38111

  Price Improvement! Investor Opportunity on the U of M Campus! Home is currently occupied an ideal for investors looking to buy near campus. Home is two street from campus and two street from Audubon Park! HVAC and HWH 2017 and roof less than 10 years! Tenant pays $1395 and $1450 starting in August. Lease ends August of 2027. Call listing agent for details. Do not disturb tenants! Access upon

  Andrew Akins CB Properties of Memphis, LLC

  616 Shotwell St, Memphis, TN 38111
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  /2

  $199,000

  $26K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 2,854 Sq Ft

  1577 North Pkwy, Memphis, TN 38112

  Fully leased duplex offering immediate cash flow in a prime Midtown Memphis location. This well-maintained property features two income-producing units with strong rental history and stable tenants in place. Each unit offers functional layouts with comfortable living spaces, making it an attractive and reliable addition to any portfolio. Located along N Parkway with convenient access to Overton

  Palmer Gardner CrestCore Realty MphsBrokerage

  1577 North Pkwy, Memphis, TN 38112
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  /13

  $140,000

  $10K PRICE DROP

  • 5 Beds
  • 1.5 Baths
  • 1,580 Sq Ft

  5235 Braden Dr, Memphis, TN 38127

  5-bedroom, 1.5-bath home delivers a layout that’s hard to find in today’s market. With multiple bedrooms, this property offers flexibility for large households, multigenerational living, home offices, or income-producing strategies Whether you’re a homeowner looking for room to grow or an investor seeking a high-bedroom-count property with strong rental potential, this home checks the boxes.

  Tia Jennings Keller Williams

  5235 Braden Dr, Memphis, TN 38127
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  /18

  $119,000

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,026 Sq Ft

  5163 Broken Oak Dr, Memphis, TN 38127

  Price improvement on this adorable 3 bedroom 1 bath!!! Amazing opportunity with all the work done and extras included at this price and fully renovated. Move in ready! Freshly painted inside and out. Do you want a home where you are paying for your own place instead of paying a landlord? Come and check this one out. You will see 3 photos with furniture and more that are virtually staged. This

  Saprina Bowman Crye-Leike, Inc., REALTORS

  5163 Broken Oak Dr, Memphis, TN 38127
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  /9

  $100,000

  • 2 Beds
  • 1 Bath
  • 917 Sq Ft

  2716 Deadrick Ave, Memphis, TN 38114

  Great Occupied investment Opportunity! 2-Year Lease in Place! This property is currently occupied by a tenant who is paying $870 per month and is on a lease from 3/10/2026 until 3/09/2028. 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

  2716 Deadrick Ave, Memphis, TN 38114
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  /2

  $121,000

  $4K PRICE DROP

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

  4376 Howardcrest Dr, Memphis, TN 38128

  DO NOT DISTURB TENANTS. Drive by ONLY. This property has a tenant paying $1200.00 a month. Inspection with accepted binded agreement. Tenant on month-to-month lease agreement.

  Erica Reed BEST Real Estate Company

  4376 Howardcrest Dr, Memphis, TN 38128
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  /37

  $129,990

  $20K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,516 Sq Ft

  1404 Cameron St, Memphis, TN 38106

  Price Reduced. Owner says SELL. Great opportunity for a First Time Buyer and cheaper than renting. This home has been refreshed and ready for a new buyer. Features 4 Bedrooms, 2 Baths, Hardwood / Broken tile flooring. Detached garage for plenty of storage space. Show and Sell today. Won't last long.

  Daryl Lewis Infinity Group REALTORS, Inc.

  1404 Cameron St, Memphis, TN 38106
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  /25

  $200,000

  $15K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,807 Sq Ft

  3661 Mccorkle Rd, Memphis, TN 38116

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Warm, spacious, and full of character! Inside, you’ll find inviting living spaces with wood-accent walls, cozy fireplaces, and multiple areas to relax or gather. The kitchens are well equipped with ample cabinetry and workspace, and the bedrooms are generously sized with comfortable layouts and plenty of natural light. Updated bathrooms add

  James Wachob Foundation Property Management

  3661 Mccorkle Rd, Memphis, TN 38116
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  /8

  $109,500

  • 2 Beds
  • 1 Bath
  • 894 Sq Ft

  3271 Seminole Rd, Memphis, TN 38111

  Great starter home for a first-time homebuyer. Featuring 2 bedrooms, 1 bath, with a large living room. Seller financing is offered.

  Tammy Coleman Legendary Realty

  3271 Seminole Rd, Memphis, TN 38111
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  /20

  $199,000

  $6K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 2,054 Sq Ft

  4450 Tena Dr, Memphis, TN 38128

  Step inside this refreshed and spacious 4-bedroom, 3-bath brick home—an incredible value you won’t want to miss! Offering generous storage and multiple living areas, this home is designed for both comfort and convenience. Enjoy stylish, low-maintenance stone, tile, and laminate flooring throughout, along with an attached two-car garage, 7x12 workshop / storage area and a fantastic backyard

  Amanda Bryant Glenn Rutherford Company, Inc.

  4450 Tena Dr, Memphis, TN 38128
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  /10

  $180,000

  • Land
  • 14,810 Sq Ft
  • $529,412 per Acre

  1412 Madison Ave, Memphis, TN 38104

  Priced to sell! This lot is located in one of Midtown Memphis’ most recognizable and heavily traveled corridors, offering excellent visibility and consistent traffic ideal for business development or future investment. The property may be purchased individually or as part of a package with 1400 Madison Avenue. The total asking price for both properties (1400 & 1412 Madison Ave) is $455,000.

  Benjamin Winston KAIZEN Realty, LLC

  1412 Madison Ave, Memphis, TN 38104
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  /11

  $134,900

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,276 Sq Ft

  2859 Nathan Ave, Memphis, TN 38112

  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

  2859 Nathan Ave, Memphis, TN 38112
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  /30

  $104,900

  • 3 Beds
  • 1 Bath
  • 1,416 Sq Ft

  4255 Emerson Cove, Memphis, TN 38128

  Quiet cove living in the heart of Raleigh! This solid 3-bedroom, 1-bathroom brick ranch offers approximately 1,416 sq. ft. of comfortable living space. The interior features a functional layout with all bedrooms on the main level, separate living areas, and a mix of hardwood and tile flooring. The exterior boasts a low-maintenance brick veneer, a two-car attached carport, and a spacious level lot

  Christopher Stjernholm Trelora Realty

  4255 Emerson Cove, Memphis, TN 38128
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  /33

  $149,900

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,916 Sq Ft

  3265 Brakebill Cove, Memphis, TN 38116

  Located on a quiet cul-de-sac in the Graves Road subdivision, this classic brick-veneer residence offers a spacious 1,916 square foot floorplan on a level 0.229-acre (9975 sqft) lot. Built in 1967, the interior features three bedrooms and two full bathrooms, highlighted by a traditional layout that includes a formal dining room and a dedicated breakfast nook conveniently located off the kitchen.

  Alexis Martz Trelora Realty

  3265 Brakebill Cove, Memphis, TN 38116
• 

  

  /22

  $192,900

  • 3 Beds
  • 2 Baths
  • 1,783 Sq Ft

  1969 E Holmes Rd, Memphis, TN 38116

  The property is currently tenant occupied, please do not disturb the tenant. The property underwent a renovation in 20205. The HVAC is 2017 (coil is 2018), new furnace (2025), roof is in good condition, and new dishwasher.

  Lauren McNary Marathon REALTORS, LLC

  1969 E Holmes Rd, Memphis, TN 38116
• 

  

  /20

  $129,000

  • 2 Beds
  • 2 Baths
  • 1,421 Sq Ft

  958 Birch St, Memphis, TN 38108

  ATTENTION INVESTORS! This spacious 3 bedroom 2 bathroom house will make an excellent addition to your portfolio! Completely refurbished and rented for $1,150/month and under professional management. Home features spacious den with fireplace, separate dining room, large master bedroom with convenient exterior access, large upstairs storage area, and much more! Conveniently located 1 mile from

  Jeremy Veldman KAIZEN Realty, LLC

  958 Birch St, Memphis, TN 38108
• 

  /2

  $199,900

  $15K PRICE DROP

  • Land
  • 5.01 Acres
  • $39,900 per Acre

  0 Stewart Rd Unit 10215805, Lakeland, TN 38002

  Reduced to Sell!!!Beautiful 5 acres in a nice, quiet area. Possibly, a Barnomindium can be built. A few minutes from the highway. Owner is ready to sell!

  Ellen Smith Memphis Property Management Pr

  0 Stewart Rd Unit 10215805, Lakeland, TN 38002
• 

  

  /11

  $173,000

  $2K PRICE DROP

  • 5 Beds
  • 2 Baths
  • 1,993 Sq Ft

  1004 N Highland St, Memphis, TN 38122

  PRIME INVESTMENT PACKAGE DEAL: Three income-producing properties (1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542 Berclair RD) for 520,000. Generating $5700 monthly with long-term tenants already in place, offering immediate cash flow and steady returns. Ideal for investors, SOLD AS A PACKAGE ONLY.

  Elizabeth Castillo BEST Real Estate Company

  1004 N Highland St, Memphis, TN 38122
• 

  

  /17

  $125,000

  • 2 Beds
  • 2 Baths
  • 910 Sq Ft

  3589 Covington Pike Unit 116, Memphis, TN 38128

  Completely updated, new flooring, new paint, new granite countertops, new baths. First floor with incredible view off patio. - must see! Excellent 55+ Independent Living Condominium Community for those 55 and older. Great 2 bedroom 2 bath. Amenities included in maintenance fee: utilities, cable tv, bi-weekly housekeeping, maintenance inside as well as outside, grounds, some meals in restaurant,

  Michael Bryan Bryan Realty Group

  3589 Covington Pike Unit 116, Memphis, TN 38128
• 

  

  /17

  $158,000

  • 3 Beds
  • 2 Baths
  • 1,666 Sq Ft

  3108 Mensi St, Memphis, TN 38127

  ATTENTION INVESTORS!! Professionally managed in-house, fully renovated, turnkey income-producing asset with tenant in place. Currently leased at $$1,395, generating $223.26/month in cash flow through 4/28/2027 with a strong 5.82% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new HVAC system (condenser and furnace), new

  James Wachob Foundation Property Management

  3108 Mensi St, Memphis, TN 38127
• 

  

  /15

  $158,000

  • 3 Beds
  • 2 Baths
  • 1,516 Sq Ft

  760 E Mckellar Ave, Memphis, TN 38106

  ***BACK ON MARKET_ 5/16/25_ New Interior Paint*** Newly renovated in 2024, this 3 bedroom/ 2 full bath home is a MUST SEE! A yard lover's dream with plenty of room for backyard entertaining, patio relaxation, or adding additional living space sitting on almost 1/2 an acre. The home includes a 1 car garage, separate den, dining room and laundry room in addition to all wood floorings throughout the

  Toyraine Smith Grand Point Realty, LLC

  760 E Mckellar Ave, Memphis, TN 38106
• 

  /2

  $154,600

  $26K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,491 Sq Ft

  4793 Boeingshire Dr, Memphis, TN 38116

  Here is a desirable four bedroom, two bathroom home with one bedroom upstairs. Attractive curb appeal and may need some repairs upon gaining access. Near airport and all necessary neighborhood amenities. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer

  Lori Brown Realhome Services & Solutions

  4793 Boeingshire Dr, Memphis, TN 38116
• 

  /2

  $125,000

  • Land
  • 14,810 Sq Ft
  • $367,647 per Acre

  955 Circle Rd, Memphis, TN 38127

  Great opportunity to acquire three adjacent parcels being sold together: 945 N Circle Rd, 949 N Circle Rd, and 955 N Circle Cir, Memphis, TN 38127. Offering approximately 1+ acre of combined land, this assemblage provides excellent potential for investors, builders, developers, or those seeking additional space for future development. Conveniently located in North Memphis with easy access to

  Ali Nawaz KAIZEN Realty, LLC

  955 Circle Rd, Memphis, TN 38127
• 

  /2

  $119,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,511 Sq Ft

  2714 Nix Cove, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rentalamount of $1,250/month, month to month. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language willbe accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2714 Nix Cove, Memphis, TN 38127
• 

  

  /23

  $184,900

  • 3 Beds
  • 1 Bath
  • 1,424 Sq Ft

  222 Leath St, Memphis, TN 38105

  A Great Investment Opportunity. If you're looking for your next project this is it. Downtown location near the medical district with lots of opportunity. In the center of everything you would need. The opportunities currently in downtown consist of downtown revitalization, historic renovations, and the potential for high-yield, residential, or commercial projects in a business-friendly area. TN

  Lisa Nelson Exit Wise Master-Builders Real

  222 Leath St, Memphis, TN 38105
• 

  /2

  $154,900

  $24K PRICE DROP

  • Land
  • 1 Acre
  • $154,900 per Acre

  0 Chester St Unit 10203801, Arlington, TN 38002

  Great acre of property to build on in a nice residential area. The Property is wooded but clears out toward the top of the hill. It is located among $350 t0 $500 Range homes.

  Nataraja Krishnaraju Crye-Leike, Inc., REALTORS

  0 Chester St Unit 10203801, Arlington, TN 38002
• 

  

  /6

  $139,874

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

  4195 Cedartree Dr, Memphis, TN 38141

  TENANT OCCUPIED BACK ON MARKET BUYER FINANCING What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a

  Tijuana Wallace Keller Williams

  4195 Cedartree Dr, Memphis, TN 38141

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