Shelby County TN Homes under $200,000

• 

  

  

  /14

  $179,900

  • 8 Beds
  • 2,480 Sq Ft

  1431 Latham St, Memphis, TN 38106

  Property being sold as is - where is. Great investment opportunity on this all brick 4 unit apartment building. All units are 2 bedroom 1 bath units. Some units have wood floors, vinyl floors or concrete floors. All units have the same floor plan. Building offers parking in the rear!

  Matt Wood Chamberwood Realty Group

  1431 Latham St, Memphis, TN 38106
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  /37

  $121,500

  • 1 Bed
  • 1 Bath
  • 676 Sq Ft

  109 N Main St Unit 710, Memphis, TN 38103

  Welcome to this true one-bedroom high-rise condo offering comfort, convenience, and an unbeatable downtown lifestyle. This thoughtfully designed residence features a fully renovated bathroom with a new modern vanity and an updated tile shower/tub combination. Recently replaced hardwood flooring runs throughout the unit, creating a clean, cohesive look. Enjoy secure, attached parking with direct

  Tracie Gaia BHHS McLemore & Co., Realty

  109 N Main St Unit 710, Memphis, TN 38103
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  /27

  $124,900

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,279 Sq Ft

  727 Crescent Rd, Memphis, TN 38116

  Well-maintained brick home featuring a desirable open floor plan with a spacious layout ideal for everyday living and entertaining. The kitchen and bathrooms are finished with granite countertops, complemented by new appliances for a modern touch. This home offers a great combination of functionality, durability, and style—move-in ready and easy to maintain.

  Marija Tomic ResiAmerica, Inc.

  727 Crescent Rd, Memphis, TN 38116
• 

  

  /2

  $130,000

  $15K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 962 Sq Ft

  1236 Darlow St, Memphis, TN 38122

  Charming 3 bed 1 bath home in 38122. Features a bright living area, functional kitchen, and spacious bedrooms. Large yard perfect for outdoor living. Conveniently located near shopping, dining, schools, and major roads. Great starter or investment property. Currently occupied on a month to month lease, do not disturb tenants. Offers must be submitted before any showings.

  Cesar Lara Fast Track Realty, LLC

  1236 Darlow St, Memphis, TN 38122
• 

  

  

  /27

  $129,000

  $1K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,477 Sq Ft

  3722 Fern Ridge Rd, Memphis, TN 38115

  Located in the desirable Deer Creek community, this townhome offers a fantastic opportunity for buyers looking to add value. Featuring 2 bedrooms, each with a private bathroom, plus a half bath downstairs for guests, the layout is both functional and convenient. The home includes a spacious great room with a fireplace, wet bar, and built-in shelving, perfect for entertaining or relaxing. The

  Ben Strauch Skyline Realty

  3722 Fern Ridge Rd, Memphis, TN 38115
• 

  

  /11

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,296 Sq Ft

  3844 Ajanders Dr, Memphis, TN 38127

  **********Tenant occupied – please do not disturb tenant. No showings without an accepted offer. ************ Well-maintained 4-year-old home conveniently located near major employers including Nike and Amazon. This 4-bedroom, 2-bath home features an open-concept living area that flows seamlessly into the kitchen, complete with a center island ideal for meal prep and gathering. The home also

  Ben Strauch Skyline Realty

  3844 Ajanders Dr, Memphis, TN 38127
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  /7

  $180,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,024 Sq Ft

  3741 Faxon Ave, Memphis, TN 38122

  Turnkey investment opportunity in the heart of Memphis. This renovated 3 bedroom 2 bathroom property at 3741 Faxon Ave is tenant occupied and currently leased at $1,445 per month through 01-01-2028, providing strong and stable cash flow from day one. The tenant has a $1,445 security deposit in place, adding an extra layer of protection for the new owner. This is a great option for investors

  Jose Adan Leal Garcia Fast Track Realty, LLC

  3741 Faxon Ave, Memphis, TN 38122
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  /26

  $169,900

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,130 Sq Ft

  1601 Delmont Rd, Memphis, TN 38117

  Charming and move-in ready! This well-maintained home features 3 bedrooms, 1.5 baths, a spacious family room, separate dining room and an inviting kitchen designed for everyday living. Fresh interior paint and original hardwood floors add warmth and character throughout, while tile flooring in the baths and durable vinyl flooring in the kitchen offer easy maintenance. Stove and microwave are only

  Carol Iverson Crye-Leike, Inc., REALTORS

  1601 Delmont Rd, Memphis, TN 38117
• 

  

  /18

  $185,900

  • 3 Beds
  • 2.5 Baths
  • 1,622 Sq Ft

  3173 Tulip Poplar Dr Unit 5, Memphis, TN 38115

  Discover this thoughtfully updated condo, offering a practical blend of style and convenience. Designed for a turn-key lifestyle, the home features a refreshed interior with contemporary updates that prioritize everyday functionality and comfort. The kitchen serves as a reliable centerpiece, featuring durable granite countertops and a suite of new stainless steel appliances. The ample counter

  Carl Purifoy Home Boss Realty

  3173 Tulip Poplar Dr Unit 5, Memphis, TN 38115
• 

  

  /20

  $159,000

  $20K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,196 Sq Ft

  3480 Tallyho Rd, Memphis, TN 38128

  Move-In Ready 4 Bedroom, 2 Bath Home Near Nike & Amazon! This solid all-brick home is built for low-maintenance living, featuring LVP flooring throughout and central HVAC for year-round comfort. The layout gives you plenty of room to spread out, and the fenced, oversized backyard is ready for pets, play, or weekend gatherings. Clean, simple, and easy to make your own—just move in and start

  Amber McCloud Fast Track Realty, LLC

  3480 Tallyho Rd, Memphis, TN 38128
• 

  

  /10

  $134,900

  • 3 Beds
  • 1 Bath
  • 1,056 Sq Ft

  2272 Hubbard Ave, Memphis, TN 38108

  Beautifully and Fully renovated!!! Nothing to do but move in or add to your investment portfolio! New roof. New kitchen. New baths. Fresh Paint inside & out. New windows. New HVAC system. New flooring throughout. New lighting. Schedule your appointment today!

  LaJuana Miller KAIZEN Realty, LLC

  2272 Hubbard Ave, Memphis, TN 38108
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  /7

  $115,000

  • 3 Beds
  • 2 Baths
  • 1,438 Sq Ft

  3528 Rockwood Ave, Memphis, TN 38122

  Sold As-Is. 3/2 Home with fenced in front yard and back yard. Two large sheds in the back yard. One shed is less than three years old. Roof replaced on home July 2025.

  Amiee Mathis Sowards & Associates, REALTORS

  3528 Rockwood Ave, Memphis, TN 38122
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  /16

  $114,900

  • 3 Beds
  • 1 Bath
  • 1,004 Sq Ft

  1593 E Holmes Rd, Memphis, TN 38116

  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

  1593 E Holmes Rd, Memphis, TN 38116
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  /24

  $149,900

  $25K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,600 Sq Ft

  3570 Hallbrook St, Memphis, TN 38127

  ****NO WHOLESALERS!!*** Charming 3BR/1.5BA home on a large lot featuring original hardwood floors, an inviting living room, cozy den, eat-in kitchen, and laundry room. Updates include new countertops, flooring, and fresh paint. New carport slab poured; stove and dishwasher to be installed prior to closing. Great opportunity in a prime location—won’t last long! All offers must include proof of

  Tonji Cromwell eXp Realty, LLC

  3570 Hallbrook St, Memphis, TN 38127
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  /15

  $104,900

  $10K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,180 Sq Ft

  4597 Windward Dr, Memphis, TN 38109

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Alex Evans Reedy & Company, REALTORS

  4597 Windward Dr, Memphis, TN 38109
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  /4

  $190,000

  • Land
  • 19.27 Acres
  • $9,860 per Acre

  0 McCalla Rd, Millington, TN 38053

  **BACK ON THE ACTIVE MARKET - BUYER WASN'T ABLE TO OBTAIN FINANCING** Looking for land right on the Tipton/ Shelby County line? This is it! Perfect, convenient location. Current planted crops will stay with the seller.

  Christine Christmas Covington Realty & Auction LLC

  0 McCalla Rd, Millington, TN 38053
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  /22

  $129,900

  • 1 Bed
  • 1.5 Baths
  • 946 Sq Ft

  4400 Poplar Ave Unit 21, Memphis, TN 38117

  Welcome to the Marsonne! This property is in the heart of East Memphis. Close to shopping/restaurants, the interstate. This gated community has a community pool as well. No rentals allowed. Vacant, easy to show!

  Caleb Parr Renshaw Company, REALTORS

  4400 Poplar Ave Unit 21, Memphis, TN 38117
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  /13

  $100,000

  • 3 Beds
  • 1 Bath
  • 838 Sq Ft

  1871 Gooch Rd, Memphis, TN 38109

  Charming 4-bedroom, 1-bath home situated on a spacious 1.3-acre lot. This property offers a beautifully updated kitchen and bathroom, blending modern convenience with comfortable living. All flooring throughout the home is durable and stylish luxury vinyl plank, providing a cohesive look and easy maintenance. The home also features a handicap-accessible ramp for added ease and functionality. With

  Allyson Avera Crye-Leike, Inc., REALTORS

  1871 Gooch Rd, Memphis, TN 38109
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  /9

  $116,000

  • 3 Beds
  • 1 Bath
  • 1,036 Sq Ft

  603 Western Park Dr, Memphis, TN 38109

  Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $845 per month and is on a lease from 5/1/2025 until 4/30/2026. A renewal has been sent to the tenant, but they have not signed it yet. 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

  603 Western Park Dr, Memphis, TN 38109
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  /16

  $127,500

  • 5 Beds
  • 1.5 Baths
  • 1,741 Sq Ft

  578 N Hollywood St, Memphis, TN 38112

  Large classic New Orleans style home...in move in condition! 5 bedrooms and 1.5 baths with a remodeled kitchen and baths. Central air and furnace! New carpet! New kitchen counter top! New water heater! Great family home or income producing property. Leased for $1500 per month--2 year lease; from 4/1/2026. MOTIVATED SELLER!! No Seller financing offers; no blind offers.

  Jimmie Tapley Crye-Leike, Inc., REALTORS

  578 N Hollywood St, Memphis, TN 38112
• 

  

  /13

  $107,000

  • 3 Beds
  • 1 Bath
  • 1,299 Sq Ft

  605 Leavert Ave, Memphis, TN 38127

  ATTENTION INVESTORS! This 3 bedroom, 1 bathroom brick home is currently rented for $950/month with a lease secured until 12/31/2026. Home was renovated in 2025 including new carpet, fresh paint, updated kitchen and bathroom, new window blinds, new plumbing and electrical fixtures, and much more! Another stable, income-producing property to add to your portfolio. Tenant ledger and maintenance

  Jeremy Veldman KAIZEN Realty, LLC

  605 Leavert Ave, Memphis, TN 38127
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  /5

  $142,000

  • Land
  • 20,037 Sq Ft
  • $308,696 per Acre

  421 Cassidy Ln, Collierville, TN 38017

  One of the best remaining lots in Spring Creek Ranch (Lot #250). Spring Creek Ranch is an upscale private enclave with no city taxes and built for lifestyle: enjoy the community pool, tennis courts, walking trails, and private lake. $1500 annual dues. Bring your builder and build your dream home in this tight-knight and friendly neighborhood.

  Marq Cobb Myers Cobb Realtors, LLC

  421 Cassidy Ln, Collierville, TN 38017
• 

  

  /23

  $175,000

  $40K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,456 Sq Ft

  823 N Watkins St, Memphis, TN 38107

  This stunning completely renovated Craftsman bungalow blends timeless architectural charm with modern luxury and functionality, offering the perfect turnkey home for today's lifestyle. Right on the edge of Vollintine Evergreen Historic district, step inside to discover 4 bedrooms plus 2 versatile bonus rooms that can easily serve as additional bedrooms, home offices, a gym, or playrooms! The

  Bradford Long Keystone Realty, LLC

  823 N Watkins St, Memphis, TN 38107
• 

  

  /22

  $168,000

  • 2 Beds
  • 1.5 Baths
  • 1,172 Sq Ft

  5845 Park Ave Unit 5845, Memphis, TN 38119

  Own a corner unit at Chatham Village! Gated condo with a neighborhood pool. This 2 bed/ 1.5 bath unit was recently renovated. Quartz countertops new cabinets, under cabinet lighting, and recessed lighting. Private patio for sitting outside and relaxing or gardening. Large bedrooms, washer and dryer in a laundry closet upstairs.

  Amanda Kirkman KAIZEN Realty, LLC

  5845 Park Ave Unit 5845, Memphis, TN 38119
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  /2

  $190,000

  • 4 Beds
  • 2 Baths
  • 2,525 Sq Ft

  726 Harahan Rd, Memphis, TN 38109

  This 4-bedroom, 2-bath brick home spans 2,525 sq ft and delivers immediate value. New HVAC 2025. New furnace. New roof — 4 years old. New electric panel. New insulation. New subflooring. New LED lighting throughout. Vinyl flooring in living areas. Tile in primary bedroom. The numbers work from day one — currently occupied with weekly rental tenants generating consistent income. This property is

  Maria Richardson BEST Real Estate Company

  726 Harahan Rd, Memphis, TN 38109
• 

  

  /13

  $104,900

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,081 Sq Ft

  838 Crockett Place, Memphis, TN 38107

  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

  838 Crockett Place, Memphis, TN 38107
• 

  

  /3

  $129,500

  • Land
  • 2.03 Acres
  • $63,793 per Acre

  LOT 42 Monterey Mills Cove N, Unincorporated, TN 38017

  This is one of the last lots remaining in Monterey Farms. It has a water feature in front with an elevated home site in the back. The owner has all entitlements, including septic approval, perk test, 95% complete custom home plans that can be included with the purchase. Short drive around the corner to Spring Creek Ranch golf course.

  Chris Neely Harris Realty Services

  LOT 42 Monterey Mills Cove N, Unincorporated, TN 38017
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  /16

  $110,000

  • 2 Beds
  • 1 Bath
  • 1,241 Sq Ft

  3816 Allandale Ln, Memphis, TN 38111

  This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved

  Tracy Jefferson Regency Realty, LLC

  3816 Allandale Ln, Memphis, TN 38111
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  /14

  $169,900

  $5K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,317 Sq Ft

  1664 Nelson Ave, Memphis, TN 38114

  Located in the vibrant Cooper-Young area, this charming 3-bedroom, 2-bath home sits on a corner lot directly across from a park, offering both character and convenience in one of Memphis’ most sought-after and growing communities. This home features a welcoming wrap-around porch, perfect for relaxing and enjoying the neighborhood atmosphere. Inside, you’ll find a living room, formal dining room,

  Ben Strauch Skyline Realty

  1664 Nelson Ave, Memphis, TN 38114
• 

  

  /25

  $168,000

  $7K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 870 Sq Ft

  384 Mulberry St Unit 203, Memphis, TN 38103

  IMPROVED PRICE! FHA FINANCING APPROVED! S Main condo. FOR PURCHASE OR LEASE. Great location situated in the heart of S Main, this end unit offers convenience & comfort. Step inside to find everything freshly updated - 2 BR & 1 beautifully renovated bathroom. The open living areas feature hardwood floors & bedrooms have brand new carpet. The kitchen is equipped w/a new range, new microwave, new

  Stacey Berry Crye-Leike, Inc., REALTORS

  384 Mulberry St Unit 203, Memphis, TN 38103
• 

  

  /26

  $150,000

  • 4 Beds
  • 1 Bath
  • 1,254 Sq Ft

  1744 Tahiti Ln, Memphis, TN 38117

  Hardwood floors, a spacious backyard, and classic East Memphis charm — this 4-bedroom, 1-bath home has the kind of character that's hard to find at this price point. With 1,254 sq ft of living space and a backyard built for entertaining, this home is ready for its next chapter. Nestled in an established neighborhood just minutes from Poplar, White Station, and everything East Memphis has to

  Ryan Harrell Premier Realty Group, LLC

  1744 Tahiti Ln, Memphis, TN 38117
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  /39

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,402 Sq Ft

  3083 Cherry Rd, Memphis, TN 38118

  per seller roof about 3 years old, water heater is about 2 years old, 3 bedrooms + an extra room could be a 4th room, now is 1 bath (seller said used to have the half restroom.)

  Ngoc Quach Germantown Properties

  3083 Cherry Rd, Memphis, TN 38118
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  /5

  $142,000

  • Land
  • 19,602 Sq Ft
  • $315,556 per Acre

  425 Cassidy Ln, Collierville, TN 38017

  Highly sought-after Spring Creek Ranch lot available! Neighborhood amenities - pool and tennis courts. Seller also has HOA-approved house plans available for purchase.

  Joy Williams Main Street, REALTORS

  425 Cassidy Ln, Collierville, TN 38017
• 

  

  /10

  $129,000

  $21K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,066 Sq Ft

  1366 Austin St, Memphis, TN 38108

  Huge Price Improvement! Attention Investors: Beat the 1% rule! Updated 4-bedroom, 1-bath home recently vacated. Previously rented with a Section 8 tenant, this property presents a great opportunity for investors looking to place a new tenant and generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Recent updates add value and

  Angelita Parham KAIZEN Realty, LLC

  1366 Austin St, Memphis, TN 38108
• 

  

  /10

  $105,000

  • 3 Beds
  • 1 Bath
  • 967 Sq Ft

  2512 Kenner Ave, Memphis, TN 38114

  GREAT INVESTMENT OPPORTUNITY! This 3 bedroom, 1 bathroom brick home is rented for $1,000/month, to a stable long-term tenant who has occupied the house for 5 years. Lease is good until 5/31/2026. Home was totally refurbished in 2020 and an annual inspection was completed in August 2025 (report available upon request). Another opportunity to add a stable cash flowing asset to your portfolio!

  Jeremy Veldman KAIZEN Realty, LLC

  2512 Kenner Ave, Memphis, TN 38114
• 

  

  /15

  $100,000

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,547 Sq Ft

  778 Atlantic St, Memphis, TN 38112

  This 3 bedroom, 2 bathroom home offers a solid floor plan and tons of potential for the right buyer. Featuring original hardwood floors in the living room, a spacious den perfect for entertaining, and a small bonus room that can be used as an office, playroom, or extra storage.The hallway bathroom has been renovated, and all appliances will remain with the home. The backyard is fully chain-fenced

  Mirella Bautista The Home Partners Realty

  778 Atlantic St, Memphis, TN 38112
• 

  

  /22

  $155,000

  • 2 Beds
  • 1 Bath
  • 912 Sq Ft

  3529 Marion Ave, Memphis, TN 38111

  Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort, convenience, and versatility in a prime location near the college - University of Memphis. In addition to the two spacious bedrooms, the home features a flex room that can easily serve as a 3rd bedroom, home office, study space, or bonus room, making it ideal for a variety of lifestyles. Tasteful updates

  Mary Williams Coldwell Banker Collins-Maury

  3529 Marion Ave, Memphis, TN 38111
• 

  

  /13

  $160,000

  • 3 Beds
  • 2 Baths
  • 1,324 Sq Ft

  1036 Palermo Ave, Memphis, TN 38106

  Fully renovated and move-in ready, newly updated, offering a fresh start with extensive updates throughout. Buyers will appreciate the clean, modern finishes and the feeling of essentially "like-new" living inside an established setting. With nearly everything updated inside and outside, this property offers the rare opportunity to own a dramatically improved home without the wait or uncertainty

  Henry Valle-Castillo BHHS Taliesyn Realty

  1036 Palermo Ave, Memphis, TN 38106
• 

  

  /21

  $134,900

  $5K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,909 Sq Ft

  1287 S Parkway E, Memphis, TN 38106

  Welcome to 1287 S Parkway in Memphis, TN 38106—a spacious 4-bedroom home in South Memphis offering 2,900 plus square feet of living space. This large Memphis home is perfect for buyers seeking affordable housing in Memphis, multi-generational living, or a strong investment property opportunity. Featuring a flexible layout with generously sized rooms, this property is ideal for a large family

  Eric Crutcher Doorstep Realty

  1287 S Parkway E, Memphis, TN 38106
• 

  

  /29

  $129,900

  • 4 Beds
  • 2.5 Baths
  • 1,948 Sq Ft

  1733 Gowan Dr, Memphis, TN 38127

  Lovely 4 bedroom 2 and a half bathroom home with new interior paint, open floor plan, exterior wood repairs, covered parking and a huge fenced backyard with extra parking pads (perfect for an RV or boat). Home has a nice layout with living room and rear den (two sitting areas), separate dining room, and a large laundry room. The kitchen overlooks the rear den so it is perfect for entertaining

  Tyler Tapley Crye-Leike, Inc., REALTORS

  1733 Gowan Dr, Memphis, TN 38127

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