Shelby County TN Homes under $200,000

• 

  

  /2

  $195,510

  • 3 Beds
  • 1.5 Baths
  • 1,106 Sq Ft

  4207 Brenmar Ave, Memphis, TN 38122

  Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 10/31/2026. No creative finance offers. This home is part of a 103 home package.

  

  Caleb Hall

  Keller Williams

  (901) 519-2204

  4207 Brenmar Ave, Memphis, TN 38122
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  /12

  $130,000

  $5K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,107 Sq Ft

  2452 Saratoga Ave, Memphis, TN 38114

  INVESTOR ALERT! Turnkey, tenant-occupied duplex with strong cash flow, exceeding the 1% rule. Both units leased at $700/month. Memphis continues to attract investor demand due to affordable price points and solid rent-to-price ratios. No assignable offers. No seller financing. Drive by only. Do not disturb tenants. Showings only with accepted contract.

  

  Walter Jones

  BEST Real Estate Company

  (901) 883-6784

  2452 Saratoga Ave, Memphis, TN 38114
• 

  

  

  /15

  $105,000

  $30K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,420 Sq Ft

  2939 Mountain Terrace St, Memphis, TN 38127

  Step into this inviting 3-bedroom, 2-bath home nestled in a peaceful, established neighborhood. From the moment you arrive, you’ll feel the warmth and care that’s gone into maintaining this lovely property. The bright living area is filled with natural light — perfect for relaxing or spending time with family. The kitchen offers plenty of cabinet space and a layout that makes cooking easy and

  

  Zachary Churchey

  Churchey Realty

  (901) 587-0371

  2939 Mountain Terrace St, Memphis, TN 38127
• 

  

  /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
• 

  

  

  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
• 

  /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
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  /28

  $178,000

  New Construction

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

  4439 Sunny View Dr, Memphis, TN 38127

  Seller offering Rate Buy Down to Buyers and a 1 year everything warranty!! Why buy someone else's problems when you can have everything new? This 4 bed, 2 bath home on Sunny View Drive is move in ready and waiting for its first family to call it home. The open concept living space gives your family room to gather and make memories. The fully equipped kitchen comes with a range, dishwasher, and

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 660-8194

  4439 Sunny View Dr, Memphis, TN 38127
• 

  

  /11

  $189,000

  New Construction $11K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,204 Sq Ft

  2584 Tutwiler Ave, Memphis, TN 38112

  ***Price reduced! Motivated seller!*** Brand new home in an established area. New construction & exceptional value under $200K. Open and airy new construction with lots of light & modern touches. Perfect starter home for a family. Just minutes from Broad Street, Memphis Zoo & Rhodes College, you will be close to shopping, restaurants, parks, schools, and everything the city has to offer. This

  

  Anna Thomas

  Keller Williams

  (901) 587-8533

  2584 Tutwiler Ave, Memphis, TN 38112
• 

  

  /26

  $178,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,360 Sq Ft

  3703 Parfet Cove, Memphis, TN 38128

  Seller offering Rate Buy Down to Buyers and a 1 year everything warranty!! Why buy someone else's problems when you can have everything new? This home is in the finishing stages of construction. Projected to be completed July 31st! Pick your paint colors and selections now! Reserve the lot today with a small deposit. Images are of another home with the same floorplan. Home will look very similar

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 660-8027

  3703 Parfet Cove, Memphis, TN 38128
• 

  

  /26

  $178,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,360 Sq Ft

  4438 Sunny View Dr, Memphis, TN 38127

  Seller offering rate buy to down for buyers and 1 year everything warranty. Tenanted property at $1600 per month, tenants pay all utilities and manage the lot. Professional management can be transferred to buyer. Titan Title No wholesale, seller finance or low ball offers

  

  Alissa Anderson

  KAIZEN Realty, LLC

  (901) 557-3110

  4438 Sunny View Dr, Memphis, TN 38127
• 

  

  /15

  $185,000

  New Construction

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

  351 Edith Ave, Memphis, TN 38126

  Welcome to your dream home in the heart of Memphis! This stunning new construction offers 3 spacious bedrooms and 2 modern bathrooms, thoughtfully designed with an open-concept layout perfect for entertaining and everyday living. Step into a light-filled living space that flows seamlessly with sleek finishes. Enjoy morning coffee on the charming covered front porch and unwind in the evenings on

  

  Tammy Taylor

  KAIZEN Realty, LLC

  (901) 676-6721

  351 Edith Ave, Memphis, TN 38126
• 

  

  /21

  $199,955

  New Construction $30K PRICE DROP

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

  1055 Shaw Place, Memphis, TN 38126

  Qualified buyers may receive up to $25,000 in assistance with approved lenders and programs. Great opportunity for buyers seeking affordability with support. These homes feature 10 ft ceilings throughout, 1400–1600 sq ft of well-designed living space, durable tile flooring, stainless steel appliances, kitchen islands with pendant lighting, energy-efficient windows and doors, and concrete

  

  Charlene Bailey

  Bespoke Realty

  (901) 883-5210

  1055 Shaw Place, Memphis, TN 38126
• 

  

  /11

  $199,000

  $36K PRICE DROP

  • Land
  • 22.93 Acres
  • $8,679 per Acre

  0 Bethuel Rd Unit 1, Unincorporated, TN 38053

  Discover the perfect location for your dream home! This expansive 22.93-acre lot offers the serene beauty of rural living coupled with unbeatable proximity to the amenities of Millington. To protect your investment and character of the land, restrictions include: single family residential homes only, no mobile or manufactured homes allowed. The land presents an ideal canvas for construction,

  Bill Patton National Land Realty

  0 Bethuel Rd Unit 1, Unincorporated, TN 38053
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  /35

  $169,900

  $20K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 913 Sq Ft

  10 N Main St Unit 10C, Memphis, TN 38103

  TOP FLOOR condo overlooking The River, Bridge, Court Square Park and Main Street. Views of the River and M Bridge from all rooms! Updated Kitchen and Baths. Primary Bath has Whirlpool Tub and 2nd Bedroom Bath has a large shower. This condo has tons of natural light. The rooftop deck has 2 levels and is just up one flight of stairs from this 10th floor unit, views in all directions, great M Bridge

  Chris Garland Crye-Leike, Inc., REALTORS

  10 N Main St Unit 10C, Memphis, TN 38103
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  /32

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,777 Sq Ft

  5360 Haleville Rd, Memphis, TN 38116

  Well-maintained single-story brick home in Eason Hills. This 3-bedroom, 2-bathroom residence features over 1,700 sq. ft. of living space, including a massive living room and functional dining area. Highlights include updated flooring and counters, a private primary suite, and a large, level, fenced-in backyard. Includes a 1-car carport and extra parking pad. Near Whitehaven schools and amenities.

  Alexis Martz Trelora Realty

  5360 Haleville Rd, Memphis, TN 38116
• 

  

  /40

  $152,000

  • 4 Beds
  • 3 Baths
  • 1,825 Sq Ft

  2688 Browning Ave, Memphis, TN 38114

  WANT TO MAKE MONEY OWNING AN AIRBNB? HERES YOUR CHANCE! Welcome to 2688 Browning Ave! This charming 4-bedroom, 3-bath traditional home offers a polished and versatile layout! Step inside to a freshly painted interior featuring two bedrooms on the main level for added convenience. The inviting living area is highlighted by a cozy brick fireplace and new windows that fill the home with natural

  James Wachob Foundation Property Management

  2688 Browning Ave, Memphis, TN 38114
• 

  

  /9

  $139,900

  $6K PRICE INCREASE

  • 3 Beds
  • 1 Bath
  • 1,399 Sq Ft

  895 Enfield Rd, Memphis, TN 38116

  Welcome home to this charming Whitehaven property featuring 2 bedrooms, 1 full bath, and a spacious 2-car garage. Conveniently located near shopping centers, restaurants, public transportation, and major roadways, this well-maintained home offers both comfort and accessibility. Pride of ownership shows throughout, making this property a great opportunity for homeowners or investors

  David Anthony KAIZEN Realty, LLC

  895 Enfield Rd, Memphis, TN 38116
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  /26

  $162,500

  • 3 Beds
  • 2 Baths
  • 1,627 Sq Ft

  1204 Chamberlain Dr Unit 20, Memphis, TN 38119

  This condo is an upstairs flat with a private entrance at ground level. The spaciousness of this unit allows for numerous possibilities to suit your individual lifestyle. The 2-sided fireplace between the kitchen/dining area and the living room is a wonderful feature that adds to the enjoyment of these 2 areas. There is a separate laundry area adjacent to the kitchen. Covered parking is available

  Bill Bates Crye-Leike, Inc., REALTORS

  1204 Chamberlain Dr Unit 20, Memphis, TN 38119
• 

  

  /19

  $159,999

  $9K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,164 Sq Ft

  1565 S Parkway E, Memphis, TN 38106

  Beautifully renovated 3-bedroom, 1-bath home featuring modern updates throughout! Enjoy brand-new flooring, stylish kitchen cabinets, and smooth ceilings that give the home a clean, contemporary feel. The bathroom has been fully updated with fresh finishes. Outside, you'll find a long driveway with plenty of parking-comfortably fitting up to 5 cars. This move-in ready home offers great value at

  Flor Bernal Crye-Leike, Inc., REALTORS

  1565 S Parkway E, Memphis, TN 38106
• 

  

  /21

  $175,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,684 Sq Ft

  4326 Ann Arbor Ln, Memphis, TN 38128

  Tucked away in a quiet neighborhood, this charming brick home offers 3 bedrooms and 2 full baths with plenty of space to enjoy. The home features a single-car carport and a large backyard complete with an open patio and storage shed—perfect for relaxing or entertaining. Inside, you'll find a welcoming living room and dining room just off the entry. The spacious kitchen offers ample cabinet and

  Adrian Adair-Boyland REMAX Experts

  4326 Ann Arbor Ln, Memphis, TN 38128
• 

  

  /8

  $136,000

  • 3 Beds
  • 1 Bath
  • 1,034 Sq Ft

  3399 Beech Grove Rd, Memphis, TN 38118

  INVESTORS ONLY! Turnkey, tenant-occupied property generating $1,050/month with lease secured through 10/31/2026. Tenant has occupied the property since October 2024, with automatic lease renewal unless either party provides notice to terminate. Fully renovated in summer 2023, including new roof, HVAC, water heater, updated plumbing and electrical, and cosmetic upgrades. Professionally

  Jeremy Veldman KAIZEN Realty, LLC

  3399 Beech Grove Rd, Memphis, TN 38118
• 

  

  /6

  $149,000

  $26K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,007 Sq Ft

  2506 Winnona Ave, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat 1% rule! Renovated 4-bedroom-1-bath home with Section 8 tenant. This property presents a great opportunity for investors looking to generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Whether you're expanding your rental portfolio or looking for a property with strong income

  Angelita Parham KAIZEN Realty, LLC

  2506 Winnona Ave, Memphis, TN 38108

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