Shelby County TN Homes under $200,000

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  /29

  $139,900

  $41K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,945 Sq Ft

  1763 Edward Ave, Memphis, TN 38107

  Investment Opportunity!!! Owner needs a QUICK sale! This 3-bedroom, 2-bath home is being sold "AS-IS" Features 2 private driveways and located near Snowden School/Vollentine Elementary, Grandview Heights Middle, and Manassas High School. The surrounding area is seeing exciting renovations and growth—don’t miss your chance to invest!

  Raven Henderson KAIZEN Realty, LLC

  1763 Edward Ave, Memphis, TN 38107
• 

  

  

  /22

  $144,900

  • 3 Beds
  • 2 Baths
  • 1,487 Sq Ft

  3332 Clearbrook St, Memphis, TN 38118

  Move-in ready 3-bed, 2-bath ranch in Parkway Village. Features a spacious living room, formal dining, and cozy den with a fireplace. Highlights include original hardwoods and a large level lot. Includes a 2-car attached carport with storage. Convenient to schools and transit. Great for first-time buyers or investors.

  Alexis Martz Trelora Realty

  3332 Clearbrook St, Memphis, TN 38118
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  /17

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  1563 Railton Rd, Memphis, TN 38111

  Wonderful & Charming 3BR/2BA Home. Huge Primary Bedroom & Ample Natural Light Throughout. Spacious Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors Throughout. Move-In Ready w/Thoughtful Updates Throughout. Renovated bathrooms. Inviting Large Living Room w/Abundant Light & Spacious Dining Room Perfect for Entertaining. Ideally Located Just Minutes from The University of

  Frank Newson BEST Real Estate Company

  1563 Railton Rd, Memphis, TN 38111
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  /2

  $140,000

  $35K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,405 Sq Ft

  3540 Marion Ave, Memphis, TN 38111

  30k price reduction! Incredible investment opportunity available with tremendous cash flow and huge potential upside! Property is currently rented for $1375/mo. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the

  William Haynes Crye-Leike, Inc., REALTORS

  3540 Marion Ave, Memphis, TN 38111
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  /16

  $146,900

  • 4 Beds
  • 1 Bath
  • 1,540 Sq Ft

  808 Mohawk Ave, Memphis, TN 38109

  This property is currently tenant occupied, please do not disturb the tenant! The property has undergone a recent renovation in 20205. New HVAC (2025), new furnace (2025), roof is in good condition, hot water heater is 2019, and renovated kitchen and bathroom.

  Lauren McNary Marathon REALTORS, LLC

  808 Mohawk Ave, Memphis, TN 38109
• 

  

  /22

  $145,900

  $14K PRICE DROP

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

  1531 Netherwood Ave, Memphis, TN 38106

  ATTENTION INVESTORS!! Professionally managed in-house, turnkey, income-producing asset with a secured long-term tenant in place. Leased at $1,195/month through 3/31/2028, delivering consistent cash flow of $256.47/month and a 7.16% cash-on-cash return. Financials available upon request. Major capital improvements include a new 30-year architectural roof, double-pane aluminum windows, 2024 water

  James Wachob Foundation Property Management

  1531 Netherwood Ave, Memphis, TN 38106
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  /25

  $144,000

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,599 Sq Ft

  2405 Forest Ave, Memphis, TN 38112

  Charm and character abound throughout this Classic Midtown home where traditional meets Bungalow. The open floor plan is accentuated by tall ceilings, beautiful mill work and gleaming hardwood floors. Home features 3 bedrooms, 1 bath, gracious living spaces, a large updated kitchen with butler's panty, spacious laundry/mudroom, and office. The chef's kitchen provides a gas range, pantry, and

  Jordan Schieffler Ware Jones, REALTORS

  2405 Forest Ave, Memphis, TN 38112
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  /21

  $148,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2026. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
• 

  

  /23

  $139,500

  • 3 Beds
  • 1 Bath
  • 1,441 Sq Ft

  3219 Nathan Ave, Memphis, TN 38112

  Great home in great location! This property was fully rehabbed in 2023 and these pictures are from the most recent rent ready. This property is currently rented for $1,395 and is cash flowing from day 1. This is priced at the 1% rent to price and will be an excellent addition for the savvy investor and also equity locked in at purchase. No showings without accepted offer and please do not disturb

  Stephen Akindona Kairos Realty

  3219 Nathan Ave, Memphis, TN 38112
• 

  

  /23

  $140,000

  $10K PRICE DROP Pre-Foreclosure

  • 3 Beds
  • 2 Baths
  • 1,838 Sq Ft

  1418 Tutwiler Ave, Memphis, TN 38107

  Great Investment opportunity near Crosstown. This home has lots of potential, just needs a little TLC. Property being sold as-is

  Amanda Kirkman KAIZEN Realty, LLC

  1418 Tutwiler Ave, Memphis, TN 38107
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  /16

  $149,000

  $21K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,193 Sq Ft

  3417 Coleman Ave, Memphis, TN 38122

  Charming 3BR/2BA home featuring beautiful hardwood floors and a spacious, open living and dining area. Updated kitchen with solid surface countertops and a separate dining room perfect for entertaining. Bedrooms are generously sized, and the large laundry room offers additional flexibility with natural light from a window. Outside, enjoy a good-sized backyard along with a garage and

  Marina Brinkley Coldwell Banker Collins-Maury

  3417 Coleman Ave, Memphis, TN 38122
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  /4

  $145,000

  • 3 Beds
  • 1 Bath
  • 1,107 Sq Ft

  553 Josephine St, Memphis, TN 38111

  Potential Short Sale!! Home in need of repair Beautiful Home! Perfect for first time homebuyers or empty nesters. Located near University of Memphis and Midtown that’s full of restaurants shopping. Schedule your showings today

  Travis Patterson C21 Patterson & Assoc. Real Es

  553 Josephine St, Memphis, TN 38111
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  /38

  $139,900

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,889 Sq Ft

  1748 Hester Rd, Memphis, TN 38116

  Welcome to 1748 Hester Rd in Memphis! This charming brick ranch-style home offers great curb appeal with a covered front entry and convenient driveway parking. Inside, the home features neutral colors and abundant natural light throughout. The spacious living room is highlighted by a beautiful brick fireplace and includes two walk-in closets, perfect for storing games, crafts, or extra household

  Christopher Stjernholm Trelora Realty

  1748 Hester Rd, Memphis, TN 38116
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  /2

  $139,000

  • 3 Beds
  • 1 Bath
  • 864 Sq Ft

  3554 Venable Rd, Memphis, TN 38118

  Great investment opportunity in the Oakhaven area. This brick property features 3 bedrooms, 1 bathroom, and an attached carport, making it the ideal project for those looking to remodel and maximize value. It's a home with great potential that needs some repairs, perfect for customizing to your liking. Owner Financing is available! Gran oportunidad de inversión en la zona de Oakhaven. Esta

  Trevor Day My Casa My House

  3554 Venable Rd, Memphis, TN 38118
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  /3

  $145,000

  $5K PRICE DROP

  • 5 Beds
  • 2 Baths
  • 1,946 Sq Ft

  3422 Tutwiler Ave, Memphis, TN 38122

  Turnkey duplex offering strong income potential. One unit features 2 bedrooms and 1 bath, while the other offers 3 bedrooms and 1 bath, providing flexible rental options. Both units were updated in 2025 prior to current tenants moving in, including fresh interior and exterior paint, updated countertops, new flooring, and other modern touches. Property is currently tenant occupied and cash

  Michael Valenza eXp Realty, LLC

  3422 Tutwiler Ave, Memphis, TN 38122
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  /21

  $139,000

  • 3 Beds
  • 1.5 Baths
  • 1,103 Sq Ft

  3669 Brookmeade St, Memphis, TN 38127

  Beautifully renovated home located in the established Lambelle Heights subdivision of North Memphis. This property is perfect for a first-time homebuyer seeking comfort, style, and value in a well-established family neighborhood. The home features stunning hardwood floors throughout, updated bathrooms with designer tile finishes, and a functional layout ideal for everyday living. The kitchen

  Anthony Mannie KAIZEN Realty, LLC

  3669 Brookmeade St, Memphis, TN 38127
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  /2

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,159 Sq Ft

  3872 Windermere Rd, Memphis, TN 38128

  Tenant occupied. Do no disturb. Currently rented for $1150 month until February 2027. Can be shown with accepted offer.

  Joshua Hisaw Keller Williams

  3872 Windermere Rd, Memphis, TN 38128
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  /8

  $115,000

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

  404 Stoneham Rd, Memphis, TN 38109

  Turnkey investment opportunity with tenant in place paying $1,050/month through 2/28/2027, generating $12,600 in annual gross rental income. Estimated monthly cash flow of $156.83 with a projected 5.50% cash-on-cash return. Professionally managed asset offering immediate income and long-term rental potential. Tenant-occupied 3-bedroom, 1-bath home featuring LVP flooring in the kitchen, tile

  James Wachob Foundation Property Management

  404 Stoneham Rd, Memphis, TN 38109
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  /2

  $135,000

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

  3416 Swanson St, Memphis, TN 38118

  Spacious 4-bedroom, 2-bath home featuring a bright kitchen and cozy breakfast area, comfortable living room, and welcoming den with fireplace. The private primary suite offers a separate vanity and shower. Perfect for comfortable everyday living and entertaining guests. ISO investor to assume income-producing rental & take possession with notice. Property is currently tenant-occupied (Lease

  Amanda Bryant Glenn Rutherford Company, Inc.

  3416 Swanson St, Memphis, TN 38118
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  /2

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,415 Sq Ft

  1618 Ellsworth St, Memphis, TN 38111

  Excellent investor opportunity in a convenient Memphis location! This well-maintained home offers 3 bedrooms, and an open floor plan that appeals to long-term renters. Most recent updates include a newer water heater (2023). Reliable tenant is in place, currently paying $1250 per month, with a lease secured through June 2026, offering immediate and stable rental income. Tenant would prefer to

  Lisa Hendrickson Groome & Co.

  1618 Ellsworth St, Memphis, TN 38111
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  /24

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,806 Sq Ft

  1150 Finch Dr, Memphis, TN 38127

  A Hidden GEM! Charming 3 bedroom (possible 4) 2 bath home located in a quiet singular entry (one way in and out) neighborhood. Separate living room and dining room areas. Dining room and Hearth room feature custom built-ins and recessed lighting. Expansive Hearth room with fireplace and walk-in pantry. Kitchen features double oven, electric stove-top, and mounted microwave. Home has cameras

  Linitra Washington KAIZEN Realty, LLC

  1150 Finch Dr, Memphis, TN 38127
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  /19

  $120,000

  • 2 Beds
  • 1 Bath
  • 810 Sq Ft

  585 E Parkway S Unit 23, Memphis, TN 38104

  Outstanding opportunity to get into the midtown market at unreal price! Quiet, hidden property on Harbert, off E Parkway. Rarely available topurchase. 2bd/1bath with patio and parking. Perfect for students at CBU, UM, UT. Walk to restaurants/entertainment. So much to love! Must see. HOA $200/month.

  Alex Turner Hobson, REALTORS

  585 E Parkway S Unit 23, Memphis, TN 38104
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  /27

  $130,000

  • 3 Beds
  • 2 Baths
  • 1,402 Sq Ft

  2600 Clearpark Cove, Memphis, TN 38127

  Established neighborhood! Spacious home with great potential featuring large living areas, generous lot, and possibilities for Owner Occupant or rental income. Perfect opportunity for investors or savvy buyers. Updates Throughout. Convenient to shopping, schools, and interstate access.

  James Harvey Jr Keller Williams

  2600 Clearpark Cove, Memphis, TN 38127
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  /16

  $190,000

  • 4 Beds
  • 2 Baths
  • 1,575 Sq Ft

  1220 S White Station Rd, Memphis, TN 38117

  Dont miss your chance to snag this charming Colonial Acres home that has been mostly re done inside and out with painted cabinets, flooring, bathrooms, countertops and more. Home has 4 bedroom and 2 living area as well as a large detached garage, all for under $200k. Set an appointment and come by today!

  Eric Bell REMAX Experts

  1220 S White Station Rd, Memphis, TN 38117
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  /34

  $119,900

  • 3 Beds
  • 2 Baths
  • 1,563 Sq Ft

  3837 Voltaire Ave, Memphis, TN 38128

  Welcome home to this charming 3-bedroom, 2-bathroom brick ranch in the established Nam Ni Estates of Raleigh. Spanning 1,554 sq. ft., this well-maintained residence features a traditional layout with a spacious den anchored by a cozy fireplace. The floor plan includes a formal living area and an eat-in kitchen, perfect for everyday living. Enjoy a large, level backyard situated on nearly a

  Tiffany Jones Trelora Realty

  3837 Voltaire Ave, Memphis, TN 38128
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  /33

  $114,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,941 Sq Ft

  3398 Scenic Terrace, Memphis, TN 38128

  Constructed in 1955, this 1,941 sqft single-story residence features a classic brick veneer exterior situated on a spacious 0.403-acre lot. The interior floor plan includes 3 bedrooms and 2 bathrooms, highlighted by original hardwood flooring throughout. The functional layout offers expansive living spaces and traditional features, providing a blend of mid-century charm and utility. Year-round

  Tiffany Jones Trelora Realty

  3398 Scenic Terrace, Memphis, TN 38128
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  /17

  $124,900

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 854 Sq Ft

  3589 Faxon Ave, Memphis, TN 38122

  Turnkey & Totally Transformed — Move-In Ready Memphis gem! 3589 Faxon Ave | Memphis, TN | 2 Bed | 1 Bath Why buy old when you can have NEW? This beautifully renovated 2-bedroom, 1-bathroom home with a detached garage was taken down to the studs and brought back to life in 2021 — meaning all the big-ticket items have already been done for you! Step inside and feel the difference. Refinished

  Caleb Parr Renshaw Company, REALTORS

  3589 Faxon Ave, Memphis, TN 38122
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  /8

  $119,000

  $31K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 800+ Sq Ft

  1318 Breedlove St, Memphis, TN 38107

  Sold with Land Parcels 040004 00001 an 040007 00007 Contact the Listing agent to view.

  Jackie Braden Braden, Braden & Braden LLC

  1318 Breedlove St, Memphis, TN 38107
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  /3

  $134,900

  • 3 Beds
  • 2 Baths
  • 1,562 Sq Ft

  3956 Argonne St, Memphis, TN 38127

  Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38127 area. Cash flowing with a monthly rental amount of $1,280/month. The lease ends on 05/31/26. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  3956 Argonne St, Memphis, TN 38127
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  /29

  $109,900

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

  1136 Goodman St, Memphis, TN 38111

  Charming and well-located home in the heart of Memphis! This property offers a fantastic opportunity for homeowners or investors alike. Conveniently situated near shopping, dining, and major roadways, with easy access to the University of Memphis area. Spacious layout with great natural light and plenty of potential to make it your own. Don’t miss this opportunity to own in an established

  Tiffany Jones Trelora Realty

  1136 Goodman St, Memphis, TN 38111
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  /33

  $180,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,092 Sq Ft

  1519 S White Station Rd, Memphis, TN 38117

  Fresh 3/2 in the heart of Colonial Acres. The tenants have vacated giving you a great blank canvas to make your own. Inside, you’ll find a smooth, functional layout with 2022 flooring throughout and an updated kitchen from 2022 with good storage and easy flow to the dining and living spaces. The natural light throughout makes the home feel open and comfortable. The lot is level with mature trees

  Amanda Lott BHHS McLemore & Co., Realty

  1519 S White Station Rd, Memphis, TN 38117
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  /28

  $194,995

  • 3 Beds
  • 1.5 Baths
  • 1,368 Sq Ft

  1820 W Holmes Rd, Memphis, TN 38109

  Don’t miss your opportunity to tour this beautifully updated 3-bedroom home. Step inside to find a spacious living room and cozy den, perfect for both everyday living and entertaining. The interior showcases a blend of gorgeous hardwood, tile, and terrazzo floors throughout, adding charm and character to every room. Outside, enjoy the privacy of a fully fenced backyard—ideal for relaxing evenings

  Maria Townsend Crye-Leike, Inc., REALTORS

  1820 W Holmes Rd, Memphis, TN 38109
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  /14

  $119,900

  • 3 Beds
  • 1 Bath
  • 1,006 Sq Ft

  5319 Braden Dr, Memphis, TN 38127

  INVESTORS ONLY!!! Lovely 3bed 1 bath home just rented out. This could be a great addition to your portfolio. Home was substantially repaired in 2023. Roof, A/C, and water heater should all be less than 5 years old. No sign in the yard. Please do not disturb or approach the tenant. Professionally managed --- Leases, ledgers repair history available upon request. NO SHOWINGS WITHOUT AN ACCEPTED

  Tyler Tapley Crye-Leike, Inc., REALTORS

  5319 Braden Dr, Memphis, TN 38127
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  /7

  $130,000

  $15K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,281 Sq Ft

  2577 Achaean Ave, Memphis, TN 38127

  Wonderful investment property. If you are looking to start a portfolio or experienced investor this is the 3 bed 2 bathroom property for you. Long term tenant in place. NO SHOWING WITHOUT AN ACCEPTED CONTRACT. PROPERTY BEING SOLD AS-IS. No wholesale.

  Kevin Brown eXp Realty, LLC

  2577 Achaean Ave, Memphis, TN 38127
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  /2

  $189,900

  • 3 Beds
  • 2.5 Baths
  • 1,900 Sq Ft

  427 S Perkins Rd Unit 427-2, Memphis, TN 38117

  Stunning Move-In-Ready-flat in East Memphis!! Welcome to this lovely, spacious three bedroom, two-and-a-half-bedroomflat located in a beautiful gated community in th heart of East Memphis. This corner unit offers SAFETY AND SERENITY, freshly painted and new roof. Enjoy the convenience of nearby shopping, grocery stores and restaurants, along with access to a gorgeous pool. The home comes equipped

  Mikki Duffey Crye-Leike, Inc., REALTORS

  427 S Perkins Rd Unit 427-2, Memphis, TN 38117
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  /25

  $123,000

  $2K PRICE DROP

  • 2 Beds
  • 1.5 Baths
  • 1,334 Sq Ft

  6289 Kirby Downs Dr, Memphis, TN 38115

  Wonderful 2BR/1.5BA Attached Town Home~Huge Great Room w/Brick Fireplace & Ample Natural Light~Spacious Eat-In Kitchen w/Lots of Cabinet Space, Granite Counters & Beautiful Tiled Floors~Laundry Closet and Half Bath Conveniently Located Off Kitchen~Upstairs You'll Find Two Large Bedrooms with Bathroom Between Them~Fenced-In Backyard~Seller is not interested in creative financing or seller

  Jennifer Carstensen Real Estate Agency

  6289 Kirby Downs Dr, Memphis, TN 38115
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  /14

  $135,000

  $4K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,858 Sq Ft

  1908 Macaulay Ave, Memphis, TN 38127

  3BR 2Bath1858 Sq Ft, well maintained home. Has a large yard, in a great neighborhood next to Georgian Park! Currently rented $1,200 per month, with lease expiring November 2026. DO NOT DISTURB TENANT!

  Brett Bernard The Stamps Real Estate Company

  1908 Macaulay Ave, Memphis, TN 38127
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  /20

  $180,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,281 Sq Ft

  5165 Sea Shore Rd, Memphis, TN 38109

  This beautiful home right by Robco Lake has been completely overhauled! The kitchen has been expanded and remodeled, with new cabinets & stone countertops in a contrasting black and white. The eat-in area of the kitchen sits by a glass patio door overlooking the backyard. The old carport entry has been expanded to a dedicated dining room as well, so there is a lot of social space here! All new

  Randall Weatherall Memphis Metro Realty

  5165 Sea Shore Rd, Memphis, TN 38109
• 

  

  /8

  $135,000

  • 4 Beds
  • 1 Bath
  • 1,092 Sq Ft

  3198 Millwood Rd, Memphis, TN 38109

  Tenant Occupied. Please Do not disturb Tenant Beautifully renovated home. Brand New Floors and paint. This home has a huge backyard for gatherings and/or entertaining. Spacious home with lots of upgrades.

  Rodney Porter Assured Real Estate Services

  3198 Millwood Rd, Memphis, TN 38109
• 

  

  /13

  $173,000

  $2K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,841 Sq Ft

  1096 Gordon St, Memphis, TN 38122

  PRIME INVESTMENT PACKAGE DEAL: Three income-producing properties (1004-1006 Highland Ave, 1096-1098 Gordon Ave, and 540-542Berclair 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

  1096 Gordon St, Memphis, TN 38122

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