Shelby County TN Homes under $200,000

• 

  

  /2

  $126,350

  • 3 Beds
  • 1 Bath
  • 1,418 Sq Ft

  3348 Lamphier Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1050 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 445-7533

  3348 Lamphier Ave, Memphis, TN 38122
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• 

  

  

  /19

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,293 Sq Ft

  2869 Dumbarton Oaks Dr, Memphis, TN 38127

  Enjoy lake living in a peaceful community where you can fish or boat daily. This home has been completely renovated and features a modern kitchen with stone countertops. Marble finish tile gives an elegant and modern look to the space. There are two living spaces, allowing flexibility for using this home to accommodate your needs. The bathrooms have been handsomely renovated, and this home is

  

  Meleah Thurmond-Edwards

  KAIZEN Realty, LLC

  (901) 443-8960

  2869 Dumbarton Oaks Dr, Memphis, TN 38127
• 

  

  /2

  $121,030

  • 3 Beds
  • 1 Bath
  • 1,193 Sq Ft

  3818 Grey Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $750 with a lease expiration of 08/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 673-3019

  3818 Grey Rd, Memphis, TN 38108
• 

  

  /2

  $192,850

  • 3 Beds
  • 1 Bath
  • 1,468 Sq Ft

  1286 Gherald St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,250 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 445-7664

  1286 Gherald St, Memphis, TN 38122
• 

  

  

  /19

  $149,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,404 Sq Ft

  4253 Cottonwood Rd, Memphis, TN 38118

  Great opportunity for homeowners or investors! This vacant property is move-in ready and offers strong potential as a primary residence or rental investment. Conveniently located with easy access to shopping, dining, and major roadways. Whether you’re looking for your next home or a property to add to your portfolio, this one is worth a look. Schedule your showing today!

  

  Blake Clothier

  Premier Realty Group, LLC

  (901) 899-6659

  4253 Cottonwood Rd, Memphis, TN 38118
• 

  

  /40

  $111,000

  $1K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,821 Sq Ft

  1050 Cummings St, Memphis, TN 38106

  Welcome to this Southern Charm 1,821sq. ft. home in the heart of South Memphis! Located at 1050 Cummings St, this spacious 3-bedroom, 2-bathroom residence offers a perfect blend of historical and functional living. Step inside to discover NEW gray vinyl plank flooring and fresh interior paint in a Freshly painted blue-gray palette, creating a clean, airy atmosphere throughout. The generous layout

  

  Tara Woodley

  Zach Taylor Real Estate

  (901) 460-3137

  1050 Cummings St, Memphis, TN 38106
• 

  /2

  $159,000

  $49K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 962 Sq Ft

  1543 Stacey St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $975 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 509-9838

  1543 Stacey St, Memphis, TN 38108
• 

  

  /19

  $120,000

  $50K PRICE DROP

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

  1100 Rozelle St, Memphis, TN 38106

  Tenant in place at $995 until 12/26/26. This fully renovated 3-bedroom, 1-bathroom home is the perfect addition to your portfolio. With all the heavy lifting already done, this property is ready to generate immediate cash flow or serve as a low-maintenance, long-term hold. Recent updates include brand-new flooring, fresh paint, modern fixtures, a completely updated kitchen with new appliances,

  

  Caleb Hall

  Keller Williams

  (901) 445-8139

  1100 Rozelle St, Memphis, TN 38106
• 

  /2

  $167,580

  • 2 Beds
  • 1 Bath
  • 895 Sq Ft

  3768 Faxon Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,250 with a lease expiration of 07/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 617-7638

  3768 Faxon Ave, Memphis, TN 38122
• 

  

  /31

  $180,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,821 Sq Ft

  6128 Raintree Dr, Memphis, TN 38115

  Renovated 3 bedroom 2 bath home in Ridgeway Estates. Ridgeway Estates boasts a prime location with easy access to major highways like Interstates 40, 69, 55, 240, and 269. with nearby parks and recreational facilities available.

  

  Jason Miller

  eXp Realty, LLC

  (901) 621-5815

  6128 Raintree Dr, Memphis, TN 38115
• 

  /2

  $155,000

  • Land
  • 6,969 Sq Ft
  • $968,750 per Acre

  507 Henry Heights Dr, Memphis, TN 38117

  Build your dream home on Lot 17 in the gated Princeton Heights community in the heart of East Memphis! This vacant lot is situated on the end of the quiet street. At 0.16 acre (one of the largest lots), you'll have some space for backyard entertainment along with easy maintenance. All existing homes were built by Chris Tedder, known for exceptional craftsmanship & style. Looking for something

  

  Julie Upchurch

  McWaters & Associates

  (901) 673-5774

  507 Henry Heights Dr, Memphis, TN 38117
• 

  /2

  $152,950

  • 2 Beds
  • 1 Bath
  • 990 Sq Ft

  3126 Crump Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $____ with a lease expiration of ____. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 694-8973

  3126 Crump Ave, Memphis, TN 38112
• 

  

  /3

  $150,000

  • Land

  8607 Geiberger Dr, Memphis, TN 38016

  *** There are very few Golf Course lots available in Memphis and we have 2 for sale*** Come to the beautiful new gated community on the famous picturesque Colonial Country Club, the home of a nationally recognized 18-hole championship course that hosted more than 30 PGA events and crowned great golfers such as Jack Nicklaus, Gary Player and Lee Trevino. These stunning lots directly back up to #1

  

  Anna Thomas

  Keller Williams

  (901) 665-2185

  8607 Geiberger Dr, Memphis, TN 38016
• 

  /2

  $122,360

  • 2 Beds
  • 1 Bath
  • 876 Sq Ft

  3640 Dunn Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 554-4811

  3640 Dunn Ave, Memphis, TN 38111
• 

  /2

  $167,580

  • 2 Beds
  • 1.5 Baths
  • 1,219 Sq Ft

  1194 Wingfield Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,100 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 675-6601

  1194 Wingfield Rd, Memphis, TN 38122
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  /24

  $145,000

  • 3 Beds
  • 1.5 Baths
  • 1,053 Sq Ft

  3580 Ramill Rd, Memphis, TN 38128

  Turnkey opportunity at 3580 Ramill Rd—ideal for both investors and owner-occupants. This well-maintained home features a functional layout, solid major systems, and minimal deferred maintenance, making for a low-hassle purchase. Investors will appreciate the strong rental potential and consistent demand in the area, while homebuyers will love the move-in ready condition and comfortable living

  

  Blake Clothier

  Premier Realty Group, LLC

  (901) 657-2137

  3580 Ramill Rd, Memphis, TN 38128
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  /2

  $102,750

  $1K PRICE DROP

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

  1030 Floyd Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $950/mo. Professionally managed. Lease expires on 1/30/26

  

  Caleb Hall

  Keller Williams

  (901) 669-4348

  1030 Floyd Ave, Memphis, TN 38127
• 

  /2

  $172,900

  • 2 Beds
  • 1 Bath
  • 828 Sq Ft

  4395 Ferndale Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,150 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 245-5264

  4395 Ferndale Rd, Memphis, TN 38122
• 

  /2

  $160,930

  • 3 Beds
  • 1 Bath
  • 1,011 Sq Ft

  4368 Macon Rd, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1000 with a lease expiration of 09/31/2026.This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-4111

  4368 Macon Rd, Memphis, TN 38122
• 

  /2

  $158,270

  • 2 Beds
  • 1 Bath
  • 1,056 Sq Ft

  1474 Orr St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,125 with a lease expiration of 05/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 445-6790

  1474 Orr St, Memphis, TN 38108
• 

  /2

  $156,940

  • 3 Beds
  • 1 Bath
  • 911 Sq Ft

  1241 Holliday St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,000 with a lease expiration of 07/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-8823

  1241 Holliday St, Memphis, TN 38122
• 

  /2

  $101,080

  • 2 Beds
  • 1 Bath
  • 784 Sq Ft

  4233 Riviera Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $650 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 660-9952

  4233 Riviera Rd, Memphis, TN 38108
• 

  /2

  $116,000

  $13K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  823 Par Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $1,100/mo. Professionally managed. Lease expires on 3/18/26.

  

  Caleb Hall

  Keller Williams

  (901) 621-8434

  823 Par Ave, Memphis, TN 38127
• 

  /2

  $125,000

  $9K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 940 Sq Ft

  724 N Holmes St, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $975 with a lease expiration of 12/31/2026. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 657-6446

  724 N Holmes St, Memphis, TN 38122
• 

  /2

  $159,000

  $43K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,001 Sq Ft

  1481 Stacey St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $860 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 621-4629

  1481 Stacey St, Memphis, TN 38108
• 

  /2

  $118,370

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  3817 Chelsea Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 499-2962

  3817 Chelsea Ave, Memphis, TN 38108
• 

  /2

  $105,070

  • 2 Beds
  • 1 Bath
  • 772 Sq Ft

  3740 E Mallory Ave, Memphis, TN 38111

  Renovated rental property with an active lease in place. Currently leased at $700 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 657-5925

  3740 E Mallory Ave, Memphis, TN 38111
• 

  /2

  $140,980

  • 2 Beds
  • 1 Bath
  • 1,079 Sq Ft

  3437 Vernon Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $900 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 621-5607

  3437 Vernon Ave, Memphis, TN 38122
• 

  /2

  $146,300

  • 3 Beds
  • 1 Bath
  • 1,074 Sq Ft

  1771 Wells Station Rd, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $750 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 329-8645

  1771 Wells Station Rd, Memphis, TN 38108
• 

  

  /15

  $122,500

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,155 Sq Ft

  5096 Belfast Dr, Memphis, TN 38127

  Great-looking rehab - perfect for a first-time buyer (ask about USDA financing) or a smart investment opportunity. The seller has completed major updates, including a brand-new dimensional roof, fresh interior and exterior paint, new A/C condenser and furnace A-coil, updated fans and light fixtures, plus a new stove, microwave, and hot water tank. Enjoy a separate laundry room and freshly

  

  Steve Boysen

  Crye-Leike, Inc., REALTORS

  (901) 563-4987

  5096 Belfast Dr, Memphis, TN 38127
• 

  /2

  $168,910

  • 3 Beds
  • 2 Baths
  • 1,230 Sq Ft

  4248 Truman Ave, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $925 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 445-6814

  4248 Truman Ave, Memphis, TN 38108
• 

  

  /10

  $127,500

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,432 Sq Ft

  760 Garland St, Memphis, TN 38107

  Solid brick bungalow with genuine character that's increasingly hard to find at this price point. Natural stone columns anchor a covered front porch, and the oversized front deck adds functional outdoor living space rarely seen on comparable homes. Inside, the craftsmanship speaks for itself -- tall dark wood baseboards, bold crown molding, and original wood door casings frame every room with a

  

  Christy Cj Pace

  Pace Probity Asset Management

  (901) 657-1032

  760 Garland St, Memphis, TN 38107
• 

  /2

  $113,000

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

  646 Semple Ave, Memphis, TN 38127

  Buyer Failed financing, price under appraised value. Part of a 39 Home package all in 38127! Excellent investment property! Meticulously maintained . Newer roof. Tenant Occupied. No showings without accepted offer. Current rent is $850/mo. Professionally managed. Lease expires on 12/31/25.

  

  Caleb Hall

  Keller Williams

  (901) 617-7502

  646 Semple Ave, Memphis, TN 38127
• 

  

  /26

  $155,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,934 Sq Ft

  4428 Namur Cove, Memphis, TN 38109

  VERY MOTIVATED SELLER !! SELLERS WILLING TO PAY $5000.00 TOWARDS BUYER'S CLOSING COSTS. Charming and well maintained 3 Bedroom 2 Bath home situated in quiet cove: Located in a well established neighborhood with many long time residents, this offer offers a warm blend of character and comfort. Inside you will find a formal Living Room and Dining room as well as a sizable Den featuring fireplace

  

  Darcus Payne

  Keller Williams

  (901) 668-5336

  4428 Namur Cove, Memphis, TN 38109
• 

  /2

  $149,000

  $15K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,031 Sq Ft

  3601 Mayfair Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 716-9084

  3601 Mayfair Ave, Memphis, TN 38122
• 

  /2

  $144,970

  • 3 Beds
  • 1 Bath
  • 796 Sq Ft

  1456 Orr St, Memphis, TN 38108

  Renovated rental property with an active lease in place. Currently leased at $1,000 month to month. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 668-8558

  1456 Orr St, Memphis, TN 38108
• 

  

  /16

  $100,000

  • 3 Beds
  • 1 Bath
  • 865 Sq Ft

  3678 Neely Rd, Memphis, TN 38109

  This recently renovated investment property is section 8 tenant occupied at $995/mo and ready to be added to your portfolio. With fresh interior paint, new carpet, and low maintenance exterior is ideal for a new or seasoned investor. No wholesalers or creative financing.

  

  Haydn Wiseman

  Cahltrep Realty, LLC

  (901) 698-6598

  3678 Neely Rd, Memphis, TN 38109
• 

  /2

  $145,000

  $27K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 921 Sq Ft

  1327 Victor Dr, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,100 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 660-3625

  1327 Victor Dr, Memphis, TN 38122
• 

  /2

  $135,000

  • 2 Beds
  • 1 Bath
  • 956 Sq Ft

  3084 Guernsey Ave, Memphis, TN 38112

  Renovated rental property with an active lease in place. Currently leased at $800 month to month. No creative finance offers.

  

  Caleb Hall

  Keller Williams

  (901) 403-7172

  3084 Guernsey Ave, Memphis, TN 38112
• 

  /2

  $124,900

  $4K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,339 Sq Ft

  2287 Pamela Dr, Memphis, TN 38127

  Being sold “as-is,” this charming 3-bedroom, 1.5-bath home is tucked away in a quiet court surrounded by other homes being beautifully updated—making it a great opportunity for homeowners and investors alike. Recently renovated, this home features fresh, modern finishes throughout, while still leaving room to make it your own. Don’t miss your chance to own this hidden gem in an up-and-coming

  

  Kyle Couvion

  Reid, REALTORS

  (901) 979-1659

  2287 Pamela Dr, Memphis, TN 38127

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