Shelby County TN Homes under $200,000

• 

  

  

  /15

  $148,000

  • 4 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  3116 Domar St, Memphis, TN 38118

  Large 3 bedroom 2 bathroom home with bonus room (could be a small craft room or office) in Parkway Village area. Home has covered parking, large backyard, soaring ceilings, stainless steel appliances, big kitchen, huge floor to ceiling windows, and other nice features. Home needs cosmetic repairs and it won't go FHA. Cash offers only. Several improvements have been done and roof appears to be

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3116 Domar St, Memphis, TN 38118
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  /8

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  1686 Alta Vista Ave, Memphis, TN 38127

  Hurry & schedule to see this diamond in the Frayser community! New kitchen cabinets, countertop, ventahood, freshly painted, new flooring, updated lighting, renovated bathroom with a split floorplan, 2nd bathroom added with tub/shower combo in the primary suite, washroom is in the suite, walk-in closet, & so much more!! Priced to sell quickly~

  Angela Cage Harris & Harris Realty Group

  1686 Alta Vista Ave, Memphis, TN 38127
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  /14

  $150,000

  • 3 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  2310 Theda Ave, Memphis, TN 38127

  Great addition to your investment portfolio. 3 bedroom, 1 bath with an additional room that could potentially be used as a 4th bedroom! Large master suite with walk in closet. Large covered back patio. Covered parking in front. Substantially remodeled since 2023 including bathroom, kitchen cabinets and countertops, interior paint, doors, window latches and drain line. Currently MHA tenant

  William Haynes Crye-Leike, Inc., REALTORS

  2310 Theda Ave, Memphis, TN 38127
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  /7

  $140,900

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

  4236 Fredericks Ave, Memphis, TN 38111

  Investor Special! Home for sale in the desirable area in 38111 just south of U of M South campus! Home is occupied through December of 2026 and professionally managed. Current rent is $1100 and tenant is current. Home has updates from last 5 years in kitchen, bath and floors are refinished hardwoods. Call listing agent for details. Do not disturb tenants and access is granted upon accepted

  Andrew Akins CB Properties of Memphis, LLC

  4236 Fredericks Ave, Memphis, TN 38111
• 

  

  

  /13

  $140,000

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

  3738 Townes Ave, Memphis, TN 38122

  Welcome to 3738 Townes Ave! This charming 3-bedroom, 2-bath home features a classic brick front porch, ideal for relaxing outdoors. Inside, you'll find a spacious layout with a large living area, easy-to-clean flooring, and a second kitchen located at the back of the home—perfect for multi-generational living or extra cooking space. The main kitchen includes ample cabinet storage, while both

  Henry Pineda Fast Track Realty, LLC

  3738 Townes Ave, Memphis, TN 38122
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  /8

  $150,000

  • 1 Bed
  • 1 Bath
  • 1,056 Sq Ft

  679 Harrell St, Memphis, TN 38112

  Phenomenal investment opportunity! Both sides fully rented at $875/month delivering reliable cash flow day one. Situated in the heart of Memphis, this property offers unmatched convenience-minutes to Midtown, Downtown, and the Memphis Zoo. Each unit has been thoughtfully renovated with modern updates including sleek kitchens and refreshed bathrooms. Durable tile flooring graces the bathrooms

  Mark Wilson Coldwell Banker Collins-Maury

  679 Harrell St, Memphis, TN 38112
• 

  

  /6

  $139,874

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

  4195 Cedartree Dr, Memphis, TN 38141

  What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath attached town home QUALIFIES for 100% financing & City of Memphis 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 cozy fireplace, dining or

  Tijuana Wallace Keller Williams

  4195 Cedartree Dr, Memphis, TN 38141
• 

  

  /23

  $145,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  3590 Weaver Rd, Memphis, TN 38109

  Charming Move-In Ready Home with Spacious Rooms under $150K! Welcome to this beautiful budget-friendly gem, generously sized rooms, fresh updates, large living area. The home sits on a well-kept lot with a private backyard and a screened porch.

  Flor Bernal Crye-Leike, Inc., REALTORS

  3590 Weaver Rd, Memphis, TN 38109
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  /34

  $137,900

  • 3 Beds
  • 2.5 Baths
  • 1,800+ Sq Ft

  5273 Chatfield Dr Unit 63B, Memphis, TN 38116

  A Magnificent Investment Opportunity !! New roof , Washer , Dryer and Refrigerator included, New Interior and New Exterior paint September 2024, Primary bedroom also has a Balcony, New Electric hot water heater ,Front and Rear Tree has been removed, And wait for this...It's Huge (1800 square feet) with 3 Bedrooms & 2.5 bathrooms. 2 car private carport. Currently being Leased . Less than 2 miles

  Robert Farris Crye-Leike, Inc., REALTORS

  5273 Chatfield Dr Unit 63B, Memphis, TN 38116
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  /27

  $146,000

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  5904 Roxbury Dr Unit 5904, Memphis, TN 38119

  Welcome to Chatham Village, nestled in the heart of East Memphis! This charming, gated community offers convenience and comfort—just minutes from top shopping, dining, and entertainment options. This move-in ready condo features vinyl hardwood flooring throughout, brand-new carpet on the stairs, fresh paint, and a private fenced-in stone patio—perfect for outdoor relaxation. The previous owner

  Grant Colton Real Estate Agency

  5904 Roxbury Dr Unit 5904, Memphis, TN 38119
• 

  

  /19

  $145,000

  • 5 Beds
  • 2 Baths
  • 1,887 Sq Ft

  432 N Montgomery St, Memphis, TN 38104

  Cash Only – No Wholesalers or Creative Financing Property is boarded and secured with star-bit screws – access must be scheduled through Broker Bay. ARV estimated at $245K+ depending on scope of rehab. One Side 2/1 other 3/1. Average Rents are $1275 for 3/1 $1110 for 2/1 Great opportunity for investors looking for their next flip or rental!

  Crystal Mitchell Renshaw Company, REALTORS

  432 N Montgomery St, Memphis, TN 38104
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  /24

  $160,000

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

  5906 Noyes Ct Unit 4, Memphis, TN 38119

  Super cute condo in gated community. Move-in ready! You can even purchase it furnished if you would like. This charming home has a new HVAC system and fresh new blinds throughout. Located in a welcoming community with a recently renovated pool. you'll love the neighborhood's friendly vibe and planned activities like BBQ's and holiday dinners. Don't miss your chance to own a home that's not only

  Ashlyn Clark Keller Williams

  5906 Noyes Ct Unit 4, Memphis, TN 38119
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  /32

  $150,000

  • 4 Beds
  • 2.5 Baths
  • 1,800+ Sq Ft

  3362 Carrington Rd, Memphis, TN 38111

  Excellent investment property located just minutes from the University of Memphis. This 1,911 sq ft home features 4 bedrooms and 3 full bathrooms, offering strong rental appeal for student housing or long-term tenants. The layout is spacious and functional, with updated kitchen and baths, generous living areas, and ample natural light. Off-street parking and a low-maintenance yard add to the

  Rochelle Bouchard Keller Williams

  3362 Carrington Rd, Memphis, TN 38111
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  /10

  $100,000

  • 5 Beds
  • 2 Baths
  • 1,800+ Sq Ft

  1295 Foxcroft St, Memphis, TN 38111

  Charming Cape Code style home full of potential. This spacious property offers classic character with a cozy layout, ready for your personal touch. It does need significant repairs and updates throughout, but is priced accordingly for an investor or buyer ready to restore its charm. Located in an established neighborhood near shopping, dining, and the University of Memphis, this is a great

  Selina Wallace Epique Realty

  1295 Foxcroft St, Memphis, TN 38111
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  /30

  $200,000

  • 6 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  516 E Raines Rd, Memphis, TN 38109

  Well-maintained 6-bed, 2.5-bath home in Whitehaven with tons of potential! The main house offers 4 beds, 1.5 baths, updated front windows, and a 2-year-old roof. Enjoy a spacious in-and-out front driveway and a huge backyard. The separate in-law suite features 2 beds, 1 full bath, LR, kitchen, its own address, and private parking pad—perfect for rental income or multigenerational living.

  Lucinda George BenchMark REALTORS, LLC

  516 E Raines Rd, Memphis, TN 38109
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  /17

  $194,900

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

  1843 Danville Rd, Memphis, TN 38117

  Seller's loss your gain (Almost everything NEW) if you are looking for a great Investment or Starter Home without the expense and stress of renovating...seller took pride in workmanship and renovations and it shows! Great price for this 3BR open plan in Colonial Acres. Brick home, low maintenance, lots of natural light throughout. UPDATED Kitchen and Baths, ALL new paint, in and out, pretty

  Janet Pace Heritage Homes Co.

  1843 Danville Rd, Memphis, TN 38117
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  /3

  $114,900

  • 4 Beds
  • 1 Bath
  • 1,200+ Sq Ft

  5336 Braden Dr, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 4br/1 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,365/month. Currenty on month to month with a section 8 tenant. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  5336 Braden Dr, Memphis, TN 38127
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  /2

  $189,000

  • Land
  • 4.30 Acres
  • $43,953 per Acre

  0 Macon Rd Unit 10201397, Unincorporated, TN 38028

  4.3 acres in nice community. Only a few minutes from Collierville. Southeast Corner of Macon Road and Reid-Hooker.

  Allen Green John Green & Co., REALTORS

  0 Macon Rd Unit 10201397, Unincorporated, TN 38028
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  /31

  $138,000

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

  1116 Gordon St, Memphis, TN 38122

  Over 2000 square feet with an open floor plan. Kitchen and baths updated with granite. Hardwood floors down in living room and dining room. Tile in the kitchen and adjoining hearth room. Two large bedrooms down. Dining room can be used as an office. Long garage with a separate shop or exercise room in the back. Shade trees in the back yard with a porch. Elementary and middle schools close

  Dennis Rasche KAIZEN Realty, LLC

  1116 Gordon St, Memphis, TN 38122
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  /12

  $124,900

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

  36 W Emory Rd, Memphis, TN 38109

  Hot Renovated property perfect for homebuyer or investor . 3-bedroom, 1.5-bath home with modern updates throughout. New roof and HVAC provide long term peace of mind. The open floor plan features new vinyl plank wood flooring and updated lighting. The kitchen includes quartz countertops and brandnew cabinets. Both bathrooms are tiled with modern design. This move-in ready home qualifies for

  Cali Neal KAIZEN Realty, LLC

  36 W Emory Rd, Memphis, TN 38109
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  /18

  $109,900

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  4900 Berta Rd, Memphis, TN 38109

  Lovely 3 bedroom 1 bathroom home that is in MOVE-IN CONDITION. Home has new interior/exterior paint, new flooring, plus brand new kitchen with painted cabinets, new countertops, and new dishwasher. The backyard is fully fenced (pet friendly) plus the home has new door knobs, new ceiling fans, new closet doors, new bathroom vanity, etc. Home also includes a brand new exterior A/C unit! This home

  Tyler Tapley Crye-Leike, Inc., REALTORS

  4900 Berta Rd, Memphis, TN 38109
• 

  

  /23

  $199,900

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

  4664 Amanda Oaks Cir S, Memphis, TN 38141

  Charming and move-in ready, this updated gem combines style, comfort, and smart upgrades. The vaulted ceilings in the den and primary suite elevate the space, while wood-look floors and fresh carpet add warmth and character. A real brick fireplace with electric log insert anchors the inviting living room. The kitchen shines with updated painted cabinets, modern laminate counters, and stainless

  Jason Gaia BHHS McLemore & Co. Realty

  4664 Amanda Oaks Cir S, Memphis, TN 38141
• 

  

  /19

  $149,900

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

  5884 Tennessee 3, Millington, TN 38053

  Home only three old and has a great lot with lots of shade.

  Ray Archer Real Estate Mart of TN, Inc.

  5884 Tennessee 3, Millington, TN 38053
• 

  

  /12

  $125,000

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

  96 Modder Ave, Memphis, TN 38109

  Check out this super cute 2 bedroom, 2 full bathroom home located in the heart of South Memphis—just minutes from downtown! Perfect for a first-time homebuyer or savvy investor, this property is already tenant-occupied with a lease in place through August 2025, offering immediate rental income potential. Recent updates make this home even more attractive! Prime location near downtown Tenant lease

  Chinna Prude-Anderson C21 Patterson & Assoc. Real Es

  96 Modder Ave, Memphis, TN 38109
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  /18

  $194,900

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  6602 Beaverlodge Dr, Memphis, TN 38141

  Looking for a fixer upper? This one needs it all, but it will make a great home once updated. ellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Buyers to perform their due diligence. Sold AS-IS. Seller will not make repairs.

  Ryan Flannery Premier Realty Group, LLC

  6602 Beaverlodge Dr, Memphis, TN 38141
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  /27

  $139,000

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

  3080 Walnut Grove Rd Unit 507, Memphis, TN 38111

  Centralized location near the Greenline and University of Memphis. Spacious, elegant unit that includes a private balcony with a great view. Generous living and dining area is filled with natural light thanks to large sliding glass doors. Huge master bedroom with floor to ceiling windows and walk in closet. Well managed building with gated parking, pool, secure front door. Walk to Chickasaw

  Helen Akin Crye-Leike, Inc., REALTORS

  3080 Walnut Grove Rd Unit 507, Memphis, TN 38111
• 

  

  /22

  $185,000

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

  654 Hillcrest St, Memphis, TN 38112

  Fully renovated home that blends timeless charm with modern style. This beautifully updated 3 bedroom, 2 bathroom residence is move in ready and packed with upgrades throughout. Open concept living space featuring fresh paint, hardwood floors, spacious kitchen boasts sleek white cabinetry, tile flooring, and an open layout that’s perfect for entertaining. Both bathrooms have been tastefully

  Crystal Mitchell Renshaw Company, REALTORS

  654 Hillcrest St, Memphis, TN 38112
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  /5

  $100,000

  • 2 Beds
  • 1 Bath
  • 1,512 Sq Ft

  2418 Brooklyn Ave, Memphis, TN 38114

  Value add duplex in the historic Orange Mound community! Property was rehabbed completely in 2021, roof, plumbing and electric are all intact. The place will need a good trash out and minor cosmetic updating. Vacant and easy to show! No blind offers!

  Duane Kinnard Tri-Leake Realty

  2418 Brooklyn Ave, Memphis, TN 38114
• 

  

  /17

  $115,000

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

  1453 N Merton St, Memphis, TN 38108

  Ready for new owner, 3 bedrooms one bath, roof is less than a year, HVAC System les than one year fenced around for privacy

  Mayra Viscaya Fast Track Realty, LLC

  1453 N Merton St, Memphis, TN 38108
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  /4

  $189,900

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  4322 Rhodes Ave, Memphis, TN 38111

  Charming Opportunity Near University of Memphis! 3 bedrooms, 2 bathrooms, Hardwood floors throughout, newer roof for peace of mind and just minutes from the University of Memphis campus. This home offers solid bones and tons of potential! With a few cosmetic updates, it can shine again - perfect for first-time buyers or investors looking for a great rental opportunity. Don't miss out on this

  Matt Holder Burch Realty Group

  4322 Rhodes Ave, Memphis, TN 38111
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  /33

  $142,000

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

  232 S Highland St Unit 608, Memphis, TN 38111

  "The Edinborough" is the lifestyle that you want to live in the heart of Memphis with a 24/7 Doorman. This exclusive 2 bedroom, 2 bath condominium has a 6th floor corner view of the swimming pool. Close to White Station Schools & The University of Memphis. Lots of countertop & cabinet space in kitchen. New hot water heater, new floor in dr, new ceramic tile floors in both bathrooms. Amenities

  Robert Farris Crye-Leike, Inc., REALTORS

  232 S Highland St Unit 608, Memphis, TN 38111
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  /24

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  1292 S White Station Rd, Memphis, TN 38117

  Move in ready 3/2 in Colonial Acres on a HUGE corner lot! This would make an excellent investment opportunity or owner/occupant. Vacant, easy to show!

  Caleb Parr Renshaw Company, REALTORS

  1292 S White Station Rd, Memphis, TN 38117
• 

  

  /22

  $175,000

  • 4 Beds
  • 2 Baths
  • 1,600+ Sq Ft

  3267 Allison Ave, Memphis, TN 38112

  Newly renovated 4br 2ba now available! Low maintenance brick exterior. This would make an excellent investment opportunity or owner/occupant. Vacant, easy to show!

  Caleb Parr Renshaw Company, REALTORS

  3267 Allison Ave, Memphis, TN 38112
• 

  

  /11

  $110,000

  • 3 Beds
  • 2 Baths
  • 800+ Sq Ft

  160 Silverage Ave, Memphis, TN 38109

  Step into this freshly renovated 3-bedroom, 2-bath home where every detail has been thoughtfully updated. Featuring brand-new cabinets, modern flooring, and a bright, inviting layout, this home is perfect for those looking for style and comfort. With renovated bathrooms and a fresh, neutral color palette throughout, all that’s left is to move in and make it yours.

  Jonathan Nunez Fast Track Realty, LLC

  160 Silverage Ave, Memphis, TN 38109
• 

  

  /19

  $200,000

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

  5039 Sea Isle Rd, Memphis, TN 38117

  Welcome to this beautifully maintained one-story, three-bedroom, one-bath home, perfectly situated in the heart of East Memphis. Nestled on a spacious corner lot, this property offers both comfort and convenience. Step inside to find hardwood floors throughout, adding warmth and character to every room. The inviting layout includes a dedicated laundry space and a light-filled living space perfect

  Janet Mars Keller Williams

  5039 Sea Isle Rd, Memphis, TN 38117
• 

  

  /23

  $124,000

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

  3787 Rhodes Ave, Memphis, TN 38111

  Great Home in the U of M area Ready for Immediate occupancy. With Separate Garage / Workshop All appliances including washer & dryer included Fenced back yard separate storage building behind garage

  Lisa Burks Adaro Realty, Inc.

  3787 Rhodes Ave, Memphis, TN 38111
• 

  

  /11

  $120,000

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

  1137 Kney St, Memphis, TN 38107

  This well-maintained 3-bedroom, 1-bath home is a solid rental property with consistent income. The current tenant has a strong history of on-time payments, providing reliable cash flow. Inside, the home is clean and cared for, with no major maintenance issues. The exterior and yard are also kept in good condition, reflecting pride of occupancy. This property is an excellent turnkey investment

  Kendrick Garcia Fast Track Realty, LLC

  1137 Kney St, Memphis, TN 38107
• 

  

  /20

  $180,000

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

  1592 Southern Ave, Memphis, TN 38114

  Beautifully renovated 3-bedroom, 2-bath home located near the vibrant Cooper-Young area. This charming property features modern updates throughout and a newly installed wooden privacy fence in the back of the property-perfect for relaxing or entertaining. Don't miss this move-in ready gem in a prime location!

  Randell Richmond eXp Realty, LLC

  1592 Southern Ave, Memphis, TN 38114
• 

  

  /8

  $114,900

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

  390 Sullivan Dr, Memphis, TN 38109

  What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be

  Dean Harris CrestCore Realty MphsBrokerage

  390 Sullivan Dr, Memphis, TN 38109
• 

  

  /9

  $124,900

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

  3522 Mark Twain St, Memphis, TN 38127

  What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be

  Dean Harris CrestCore Realty MphsBrokerage

  3522 Mark Twain St, Memphis, TN 38127

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