Shelby County TN Homes under $200,000

• 

  

  

  /15

  $109,900

  • 2 Beds
  • 1 Bath
  • 808 Sq Ft

  1443 Wrenwood St, Memphis, TN 38122

  Move-in ready 2 bed, 1 bath home located in the Nutbush area of Memphis. This well-maintained property features easy maintenance with LVP flooring and some recent updates throughout, offering a functional layout and comfortable living spaces. Enjoy a nice, flat yard with ample space for outdoor activities and entertaining. Ideal opportunity for investors or owner-occupants, including first-time

  Michael Valenza eXp Realty, LLC

  1443 Wrenwood St, Memphis, TN 38122
• 

  

  

  /27

  $189,900

  • 4 Beds
  • 2.5 Baths
  • 2,084 Sq Ft

  4709 Raleigh Lagrange Rd, Memphis, TN 38128

  Discover comfort in this spacious 4-bedroom, 2-bathroom home in the heart of Memphis. With 2,082 square feet of living space, this residence offers a functional layout perfect for any lifestyle. Enjoy generous room sizes and a welcoming atmosphere, along with easy access to Covington Pike, I-40, schools, and shopping.

  Tiffany Jones Trelora Realty

  4709 Raleigh Lagrange Rd, Memphis, TN 38128
• 

  

  

  /25

  $159,900

  • 4 Beds
  • 2 Baths
  • 1,350 Sq Ft

  2235 Shannon Ave, Memphis, TN 38108

  Great investment opportunity. The seller started to renovations. Some repairs still needed. Own your first investment. Can be sold separate or as a package.

  Lisa Nelson Exit Wise Master-Builders Real

  2235 Shannon Ave, Memphis, TN 38108
• 

  

  /2

  $127,900

  • 3 Beds
  • 1 Bath
  • 1,058 Sq Ft

  79 E Shelby Dr, Memphis, TN 38109

  This home was renovated 3 years ago. This is perfect for a first time home buyer, or investor, looking to make good rental income. Tenant just moved out. Will be ready to show starting 04/21/2025.

  Joye Martin Miller Martin Realty

  79 E Shelby Dr, Memphis, TN 38109
• 

  

  

  /5

  $137,500

  • Land
  • 27,442 Sq Ft
  • $218,254 per Acre

  10267 Gray Heron Ln, Lakeland, TN 38002

  Awesome Corner lot in Herons Ridge Subdivision. Great opportunity to build your dream home. Convenient to Lakeland Elementary school. Established neighborhood. Drive out and see the property today!

  Lisa Davis Wills Adaro Realty, Inc.

  10267 Gray Heron Ln, Lakeland, TN 38002
• 

  

  /19

  $139,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,341 Sq Ft

  1131 Rozelle St, Memphis, TN 38106

  **New** If you need appliances or help with closing, please ask! Owner is willing to help a buyer on a budget! Recently updated throughout with modern finishes, LVP flooring, and refreshed paint. Spacious living area, functional kitchen with updated appliances, and comfortable bedrooms Perfect for owner/occupant or investor!

  Scott Tomlinson eXp Realty

  1131 Rozelle St, Memphis, TN 38106
• 

  

  /3

  $109,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 874 Sq Ft

  906 Wrenwood St, Memphis, TN 38122

  Great investment opportunity. No creative finance offers. No sign in yard. Property is 2 bedrooms, 1 bathroom, spacious living room that opens to dining area. Property has hardwood floors throughout. Ceilings are smooth. Large fenced backyard! Seller prefers and As-Is Sale.

  Jon Dickens The Firm

  906 Wrenwood St, Memphis, TN 38122
• 

  /2

  $160,000

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,278 Sq Ft

  3588 Kearney Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is currently rented for $1450/mo. 21 property package available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could be an amazing

  William Haynes Crye-Leike, Inc., REALTORS

  3588 Kearney Ave, Memphis, TN 38111
• 

  

  /17

  $110,000

  • 2 Beds
  • 2 Baths
  • 1,269 Sq Ft

  2006 Quinn Ave, Memphis, TN 38114

  INVESTORS ONLY!!! Lovely 2bed 2bath home currently rented at $1095/mo. This could be a great addition to your portfolio. Property was substantially rehabbed in 2022. 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

  Tyler Tapley Crye-Leike, Inc., REALTORS

  2006 Quinn Ave, Memphis, TN 38114
• 

  

  /16

  $134,500

  • 3 Beds
  • 2 Baths
  • 1,517 Sq Ft

  814 N Merton St, Memphis, TN 38112

  Contract contingency View inside then deposit if continue. No wholesale, No Creative Financing, No seller financing, carry back or creative financing. Need Preapproval or Proof of fund before offers. For Investors ONLY. ALREADY LEASED FOR $1100 manage by Licensed Property Management with $100 a month of management fee. Low taxes and insurance. Updated some of the Virtual Staging for you to see

  David Truong eXp Realty, LLC

  814 N Merton St, Memphis, TN 38112
• 

  

  /20

  $123,000

  • 3 Beds
  • 1 Bath
  • 945 Sq Ft

  3597 Bayliss Ave, Memphis, TN 38122

  Wonderful 3 bedroom 1 bathroom home that was just renovated and being offered at a great price! Home has recently refinished hardwood floors, large fenced backyard (very pet friendly with plenty of room to play and relax), new interior paint, exterior repairs, painted front porch, brand new dishwasher, brand new stove and several other amenities! Roof and water heater are estimated to be less

  Tyler Tapley Crye-Leike, Inc., REALTORS

  3597 Bayliss Ave, Memphis, TN 38122
• 

  

  /10

  $124,000

  $6K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 868 Sq Ft

  185 Vernelle Ave, Memphis, TN 38109

  This fully renovated home delivers modern comfort and standout value from the moment you arrive. Inside, you’ll find an updated kitchen with fresh finishes, a remodeled bathroom, and brand-new LVP flooring that ties the space together with a clean, contemporary feel. The entire home (interior and exterior) has been painted, giving it a crisp, like-new look throughout. Outside, the upgrades

  Victoria Brown 4 Success Realty, LLC

  185 Vernelle Ave, Memphis, TN 38109
• 

  

  /12

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,209 Sq Ft

  1167 Fiber Rd, Memphis, TN 38109

  Excellent investment opportunity featuring 4 bedrooms, 2 bathrooms, and approximately 1,209 sq ft of living space. This property offers strong rental potential with estimated monthly income ranging from $1,150–$1,275. A great option for investors looking to add cash-flow potential to their portfolio. Spacious layout, solid income opportunity, and long-term investment value make this property one

  James Johnson Crestcore Realty, LLC

  1167 Fiber Rd, Memphis, TN 38109
• 

  

  /24

  $174,500

  $5K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,414 Sq Ft

  1621 Kendale Ave, Memphis, TN 38106

  Beautifully renovated 3-bed, 1-bath gem in Memphis' historic Glenview neighborhood! This 1,414 sq ft charmer features refinished hardwood floors, a cozy fireplace, and an updated kitchen with modern finishes and ample cabinetry. Generously sized rooms, abundant natural light, and a large yard perfect for entertaining. Covered porch, patio, and parking pad included. Central heat & air. This home

  Austin Rowe Onward Real Estate

  1621 Kendale Ave, Memphis, TN 38106
• 

  

  /8

  $190,000

  $10K PRICE DROP

  • Land
  • 1.24 Acres
  • $153,226 per Acre

  9425 & 9435 Greywood Cove, Unincorporated, TN 38018

  Discover 1.24 acre gated homesite in a premier gated subdivision. Enjoy privacy, security, and serene surroundings- the perfect setting for your custom dream home. Lots 25 (.68 acre) & 26 (.56 acre) being sold together, will not separate.

  Julie Beatty Regency Realty, LLC

  9425 & 9435 Greywood Cove, Unincorporated, TN 38018
• 

  

  /8

  $119,900

  • 4 Beds
  • 2 Baths
  • 1,599 Sq Ft

  4178 Crain Rd, Memphis, TN 38128

  Great opportunity for investors or buyers. Split level home offers solid potential for renovation & future upside. Property is being sold as is. Proof of funds required with all offers. BUYER'S AGENT TO PAY A $200.00 OFFER MANAGEMENT FEE AT CLOSING OF ANY ACCEPTED OFFER.

  Courtney Read Vylla Home

  4178 Crain Rd, Memphis, TN 38128
• 

  

  /13

  $117,500

  $12K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,218 Sq Ft

  1084 Rutland Rd, Memphis, TN 38114

  Price Improvement! Investor special in East Memphis! Ideal for any investor looking for cash flowing properties with little maintenance as home was turnkey in the past few years. Tenant in place paying $1045 and been there for 5 plus years! Current lease ends in September. All capex items replaced in 2020. Call listing agent for details. Access upon accepted offer. Do not disturb tenants.

  Andrew Akins CB Properties of Memphis, LLC

  1084 Rutland Rd, Memphis, TN 38114
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  /26

  $184,500

  $15K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,153 Sq Ft

  4786 Audubon View #2 Cir Unit 3807, Memphis, TN 38117

  Contract Failed! No fault of the unit. Quiet & peaceful, best view in East Memphis gated community - overlooking one of 3 Community POOLS. This updated end unit is upstairs, fresh interior paint, updated kitchen with newer cabinets, granite counters and newer appliances, plus updated baths. Living area has fireplace and wood laminate flooring in both living & entry. Owners enjoy 3 pools, tennis

  LINDA ASH Centric Realty LLC

  4786 Audubon View #2 Cir Unit 3807, Memphis, TN 38117
• 

  

  /35

  $109,900

  • 3 Beds
  • 2 Baths
  • 1,108 Sq Ft

  3944 Timberwood Dr, Memphis, TN 38128

  Charming 3-bedroom, 2-bath ranch home offering comfortable one-level living and a warm, inviting atmosphere. This well-maintained home features a functional layout with spacious living areas, cozy bedrooms, and plenty of natural light throughout. The kitchen offers ample cabinet and counter space, making everyday living and entertaining easy. Step outside to enjoy the beautifully fenced backyard

  Tiffany Jones Trelora Realty

  3944 Timberwood Dr, Memphis, TN 38128
• 

  

  /13

  $123,900

  $1K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,429 Sq Ft

  6543 Fern Creek Dr, Memphis, TN 38115

  Great tenant occupied home. Rent is $1,075/mo. Lease until July 2026. Two story great room with fireplace, wood laminate floors, newer roof, water heater & HVAC system, granite. Bed/Bath up, Bed/Bath down, Loft area up. Screened-in patio, fenced-in backyard.

  Brandon Smith Smith Family Real Estate, LLC

  6543 Fern Creek Dr, Memphis, TN 38115
• 

  

  /27

  $160,000

  $15K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 787 Sq Ft

  2195 Poplar Ave Unit 207, Memphis, TN 38104

  *OPEN HOUSE, Sunday 5/3 (2-4pm)* Stylish 1-bedroom, 1-bath second-floor flat directly across from Overton Park Golf Course. This modernized unit features an open floorplan with wood laminate floors, a spacious balcony, and abundant natural light. The kitchen boasts granite countertops, wood cabinetry, a breakfast bar, and stainless steel appliances including a new refrigerator. The bathroom

  Donnie Morrow eXp Realty, LLC

  2195 Poplar Ave Unit 207, Memphis, TN 38104
• 

  

  /12

  $135,000

  $7K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,076 Sq Ft

  1284 Merrycrest Dr, Memphis, TN 38111

  3 bedroom brick home in move in condition ready for its new owners. Conveniently located to freeway, places of worship and more. Large backyard.Appliances stay. Call your favorite real estate agent today for a private showing. Seller requests only pre approved buyers tour property. Seller says roof replaced 2020, Windows replaced 2021, Electrical 2024, A/C 2019. Move-in ready.

  Monica Mauricio REMAX Experts

  1284 Merrycrest Dr, Memphis, TN 38111
• 

  

  /20

  $175,000

  $25K PRICE DROP

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

  582 Watson St, Memphis, TN 38111

  Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,575 a month, and the lease will end on 12/31/2025. It can be sold separately or as a package deal along with 3739 Spottswood.

  Crystal Mitchell Renshaw Company, REALTORS

  582 Watson St, Memphis, TN 38111
• 

  

  /5

  $102,000

  $3K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,670 Sq Ft

  3382 Frayser School Dr, Memphis, TN 38127

  Turnkey investment opportunity with tenant in place paying $1,165/month ($13,980 annually), providing immediate cash flow. Estimated monthly cash flow of $255.11 with a projected 9.57% cash-on-cash return. Professionally managed 3BR/1.5BA brick ranch built in 1957 featuring ~1,600 sq ft of living space, hardwood, tile, and carpet flooring, a carport, and a spacious 0.38-acre lot in the Frayser

  James Wachob Foundation Property Management

  3382 Frayser School Dr, Memphis, TN 38127
• 

  

  /24

  $100,000

  • 2 Beds
  • 1 Bath
  • 858 Sq Ft

  3646 Spottswood Ave Unit 9, Memphis, TN 38111

  Come see this 2 bedroom, 1 bath condo near the University of Memphis before school starts! This ground floor, single-story unit is perfect for an owner occupant or an investor. Anchored by the University, property values will always be stable. The previous owner has installed new floors and applied fresh paint throughout. The current owner has replaced the water heater! Allappliances remain. This

  Jenna Williamson Green Bee Real Estate

  3646 Spottswood Ave Unit 9, Memphis, TN 38111
• 

  

  /13

  $155,900

  $64K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,731 Sq Ft

  4006 Bernadine Dr, Memphis, TN 38116

  4 Bedroom 2 bath home with major systems updated including almost new Trane HVAC system. This one needs some cosmetic improvements but has good bones. Hardwood flooring under carpet downstairs, hardwood up. Great for investor looking to add to their portfolio. Seller is looking for "AS IS" sale. Bring offers.

  Melinda & Eddie Crosslin Crye-Leike, Inc., REALTORS

  4006 Bernadine Dr, Memphis, TN 38116
• 

  /2

  $125,000

  • 4 Beds
  • 2 Baths
  • 1,220 Sq Ft

  2662 Orman Ave, Memphis, TN 38127

  Please do not disturb tenant. 4br/2ba home with access to everything you desire in the area. Detached garage for parking or additional storage. Fenced backyard.

  Aaron Edwards Real Broker

  2662 Orman Ave, Memphis, TN 38127
• 

  /2

  $199,000

  • Land
  • 2.69 Acres
  • $73,978 per Acre

  4426 Broadway Rd, Arlington, TN 38002

  April Garrett C21 Patterson & Assoc. Real Es

  4426 Broadway Rd, Arlington, TN 38002
• 

  

  /19

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,480 Sq Ft

  4801 Northfield Cir, Memphis, TN 38128

  Spacious and beautifully maintained home located in the desirable Northfield neighborhood. This inviting property at 4801 Northfield Cir offers a functional layout with generous living spaces, abundant natural light, and thoughtful updates throughout. The kitchen features ample cabinetry and workspace, flowing seamlessly into the main living and dining areas—perfect for everyday living and

  Michael Nix eXp Realty, LLC

  4801 Northfield Cir, Memphis, TN 38128
• 

  

  /13

  $120,000

  • 4 Beds
  • 2 Baths
  • 1,260 Sq Ft

  560 W Peebles Rd, Memphis, TN 38109

  Really nice 4bed 2bath home. Home has brand new kitchen (new kitchen counter tops, new sink, new tile, new cabinets) Tons of space for buyers. Brick and stone exterior with a nice front porch. Another awesome bonus---This home qualifies for special 100% financing for owner occupant buyers! FHA/VA/ Conventional offers welcome! Seller also selling 2229 Zanone, 2442 Manchester, and 2701 Frayser, and

  Tyler Tapley Crye-Leike, Inc., REALTORS

  560 W Peebles Rd, Memphis, TN 38109
• 

  

  /19

  $160,000

  • 3 Beds
  • 1 Bath
  • 1,024 Sq Ft

  749 Bey St, Memphis, TN 38114

  Charming home at 749 Bey Street in Memphis offering comfort, space, and great potential. Inside, you’ll find a bright layout with generous living areas and well-sized bedrooms. The large yard provides plenty of room for outdoor enjoyment or entertaining. Conveniently located near schools, shopping, and major roads, this property is a great option for homeowners or investors alike. New roof, new

  Celiesse Edwards Thomas Harris & Harris Realty Group

  749 Bey St, Memphis, TN 38114
• 

  

  /3

  $100,000

  $20K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 1,108 Sq Ft

  3533 Douglass Ave, Memphis, TN 38111

  Incredible investment opportunity available with tremendous cash flow and huge potential upside! This property is tenant occupied for $895/mo. 35k in rehab done to this property in the past year! 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

  William Haynes Crye-Leike, Inc., REALTORS

  3533 Douglass Ave, Memphis, TN 38111
• 

  

  /21

  $165,000

  • 2 Beds
  • 1 Bath
  • 1,004 Sq Ft

  797 University St, Memphis, TN 38107

  Located walking distance to Rhodes College. This home features 2 bedrooms, 1 bath, Family Room, Dining Room and Kitchen. 1 Car detached garage plus storage building. Rear parking also available. Vinyl exterior, hardwood flooring, central HVAC. Move in Ready.

  Rachel Gilliam Crye-Leike, Inc., REALTORS

  797 University St, Memphis, TN 38107
• 

  

  /8

  $100,000

  $20K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,160 Sq Ft

  4826 Leonard Rd, Memphis, TN 38109

  4 bedroom 1.5 Bath Home~~with No Maintenance exterior and Single carport~~ Central HVAC~~Luxury Vinyl Thru-out~~Being sold thru Auction Means only~~ 5% Buyer premium charged to buyer at closing.

  Scott Housewirth Crye-Leike Inc., REALTORS

  4826 Leonard Rd, Memphis, TN 38109
• 

  

  /15

  $115,000

  • Land
  • 7.53 Acres
  • $15,272 per Acre

  0 Bethuel Rd Unit 13, Unincorporated, TN 38053

  Discover the perfect location for your dream home! This expansive 7.53-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,

  William Patton National Land Realty, LLC

  0 Bethuel Rd Unit 13, Unincorporated, TN 38053
• 

  

  /32

  $114,900

  • 1 Bed
  • 1 Bath
  • 846 Sq Ft

  437 Monroe Ave Unit 105, Memphis, TN 38103

  One story contemporary condo with open floor plan and high ceilings. One covered parking space and one uncovered, as well as on street parking. There is a large secured storage space included. Conveniently located to downtown and the medical district. Walkable to restaurants and AutoZone Park. Don't miss this opportunity! UNDER CONTRACT WITH A 12 HOUR FIRST RIGHT OF REFUSAL CLAUSE.

  Linda Sowell Sowell, Realtors

  437 Monroe Ave Unit 105, Memphis, TN 38103
• 

  /2

  $125,000

  • Land
  • 2.7 Acres
  • $46,296 per Acre

  11737 Stable View Dr, Eads, TN 38028

  Anna Bishop Crye-Leike, Inc., REALTORS

  11737 Stable View Dr, Eads, TN 38028
• 

  

  /19

  $100,000

  • 2 Beds
  • 1 Bath
  • 800+ Sq Ft

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104

  Four "Belvedere Gardens" Units for sale as a package deal for $360,000. Individual Prices available. Two 2-bedroom units and two 1-bedroom units available. Three furnished units are at 108 N Belvedere. THIS UNIT is $100,000 on its own. Unfurnished. 2 BR - 1 Bath - First floor flat. Central heat/air. refrigerator and range included. Gated entry to building. You may drive by, but parking is

  Felix Bishop Crye-Leike, Inc., REALTORS

  53 N Belvedere Blvd Unit 5, Memphis, TN 38104
• 

  

  /8

  $153,000

  • 3 Beds
  • 1.5 Baths
  • 1,444 Sq Ft

  4340 Marguerite Dr, Memphis, TN 38109

  ATTENTION INVESTORS! Tenant-occupied 3BR/1.5BA home generating $1,470/month with lease secured through 10/31/2026. Property features a spacious living area flowing into a large eat-in kitchen, three generously sized bedrooms, covered parking, carport storage, excellent curb appeal, and more. A full Get Ready renovation was completed in October 2025. Lease, rent rolls, and maintenance records

  Jeremy Veldman KAIZEN Realty, LLC

  4340 Marguerite Dr, Memphis, TN 38109
• 

  

  /21

  $185,000

  • 2 Beds
  • 1 Bath
  • 1,022 Sq Ft

  3522 Stuart Rd, Memphis, TN 38111

  Well maintained investment property in the Sherwood Forest neighborhood. Front house has 2bedrooms - 1bath, living and dining room adequate living space. Back house offers 2-stories 1bedroom, 1bath full size kitchen laundry area and a walk out deck Great rental or AirBNB. Front house is currently tenant occupied.

  Karen Gray REMAX Experts

  3522 Stuart Rd, Memphis, TN 38111

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