Memphis Homes under $200,000

Memphis Homes under $200,000

Welcome to Memphis, Tennessee—a vibrant city steeped in rich history and culture, nestled in the heart of Shelby County. Known as the birthplace of blues music and the home of legendary landmarks like Beale Street and Graceland, Memphis offers a unique blend of Southern charm and urban excitement. With its warm climate, diverse culinary scene, and a plethora of parks and recreational opportunities, it's no wonder that Memphis is a sought-after destination for families, young professionals, and retirees alike.

For those seeking affordability without compromising on quality of life, Memphis presents an enticing opportunity: homes under $200,000. This price range opens the door to a variety of charming neighborhoods, each with its own distinct character. Whether you’re looking for a cozy bungalow in Midtown, a family-friendly abode in East Memphis, or a quaint residence in the historic district, there’s something for everyone.

Living in Memphis means enjoying easy access to excellent schools, vibrant arts and entertainment options, and a thriving economy. The city's strong sense of community combined with its affordable housing market makes it an ideal place to settle down. With homes available at such attractive prices, you can invest in your future while enjoying all the amenities Memphis has to offer.

Explore the possibilities and discover your dream home in Memphis today! With a rich tapestry of culture, history, and affordability, this city is waiting to welcome you with open arms. Your new beginning in Memphis is just a step away!

Newest Memphis Homes under $200,000

1528 Delmont Rd, Memphis
$169,900
3 Beds ⋅ 1.1 Baths ⋅ 10231711 MLS
Welcome home to this move-in-ready Colonial Acres charmer! This inviting one-level home offers 3 bedrooms, 1.5 baths, and approximately 1,204 square feet of comfortable living space. Hardwood floors add warmth and character throughout, while the primary bedroom enjoys the convenience of a private half bath. A spacious laundry closet adds valuable everyday storage and functionality. The fenced backyard with a patio creates a great setting for outdoor relaxation, pets, play, or entertaining. The detached Storage Shed in the photos stays with property. Ideally located just off Quince Road, enjoy easy access to nearby shopping, dining, and daily conveniences. A wonderful opportunity for a first-time buyer, downsizer, or anyone seeking easy single-level living in a convenient East Memphis location. Schedule your showing today!

1528 Delmont Rd, Memphis
1048 W Shankman Cir, Memphis
$119,900
2 Beds ⋅ 1 Baths ⋅ 10231709 MLS
Well maintained and move in ready, this 2 bedroom, 1 bath home offers a great opportunity for both homeowners and investors! The home features beautiful hardwood floors, an updated kitchen, comfortable living spaces, and a two car covered garage providing plenty of parking and additional convenience. Whether you're searching for an affordable home or looking to expand your rental portfolio, this property offers excellent potential. Located directly across the street from 1047 W Shankman Cir, which is also available for sale, the two properties may be purchased together creating a unique opportunity for an investor to acquire multiple rental properties in the same location. With rental rates in the area continuing to rise, this home could make a great addition to a growing portfolio. Call listing agent today for a tour!

1048 W Shankman Cir, Memphis
1047 W Shankman Cir, Memphis
$169,900
3 Beds ⋅ 2 Baths ⋅ 10231707 MLS
Move-in ready and well maintained, this 3-bedroom, 2-bath home offers a great opportunity for both homeowners and investors! Inside, you'll find beautiful hardwood floors, an updated kitchen, updated bathrooms, a full laundry room, and an exceptionally spacious bedroom addition that provides plenty of extra living space. The home has been well cared for and is ready for its next owner with no major renovations needed. Whether you're looking for a comfortable family home or a strong addition to a rental portfolio, this property offers plenty of potential. Located directly across the street from 1048 Shankman Cir, which is also available for sale, the two properties may be purchased together and would be an excellent opportunity for an investor looking to acquire multiple rental properties in the same location. With rental rates in the area continuing to rise, this home is worth adding to your list. Call listing agent today for a tour!

1047 W Shankman Cir, Memphis
779 Mcconnell St, Memphis
$189,900
4 Beds ⋅ 2 Baths ⋅ 10231695 MLS
Charming home located in convenient Memphis location near Rhodes College and Overton Park! Features spacious living areas, abundant natural light, and a private backyard. Convenient access to Jackson Ave, Midtown dining, and downtown entertainment. Perfect for a first-time homebuyer or savvy investor. Don't miss out!

779 Mcconnell St, Memphis
4624 Wicklow Dr, Memphis
$169,900
3 Beds ⋅ 2 Baths ⋅ 10231690 MLS
Ready for your next project? This house just needs a little updating, cleaning, and refreshing to bring it back to life. Ideal for DIY homeowners who are not afraid of a little sweat equity or investors looking for their next buy-and-hold. It was a great investment property and is ready for new owners. The property is priced below market to reflect needed updates. Utilities have been requested. Buyers are to perform their due diligence. Sold AS-IS. The seller will not make repairs.

4624 Wicklow Dr, Memphis
2931 Lake Park Rd, Memphis
$189,900
4 Beds ⋅ 2 Baths ⋅ 10231689 MLS
Great opportunity in Memphis! This charming home at 2931 Lake Park Rd features a functional layout with bright living space, spacious bedrooms, and a generous backyard perfect for outdoor living or entertaining. Conveniently located near major routes, local schools, shopping, and parks. Ideal primary residence or turn-key investment. Schedule your showing today!

2931 Lake Park Rd, Memphis
1508 Joanne St, Memphis
$180,000
5 Beds ⋅ 3 Baths ⋅ 10231687 MLS
INVESTOR OPPORTUNITY! Spacious home offering nearly 3,000 square feet with 5 bedrooms, 3 full baths, plus an additional unfinished bath. This property offers plenty of space and potential for the savvy investor ready to bring a vision to life. A great opportunity to renovate, customize, and add value. Cash offers only. Property being sold AS-IS. Schedule your showing and explore the possibilities!

1508 Joanne St, Memphis
580 Marianna St, Memphis
$79,900
3 Beds ⋅ 1 Baths ⋅ 10231674 MLS
Bring your vision and renovation expertise to 580 Marianna St. This 3-bedroom, 1-bath home offers an opportunity for someone looking for their next project in Memphis. The property features approximately 931 square feet of existing living space on a roughly 6,800-square-foot lot, providing a solid starting point for a full renovation. The home will require a complete rehab, but the existing layout and footprint offer plenty of potential for the right buyer. Whether your goal is to renovate and resell or add a property to your investment portfolio, this property is ready for someone to unlock its potential. Sold as-is.

580 Marianna St, Memphis
1374 Dow Pl, Memphis
$165,000
3 Beds ⋅ 2 Baths ⋅ 10231669 MLS
Calling All Investors!! Seller offering $3500 buyer credit for closing costs and pre-pays. Don't miss this excellent opportunity to own a newly constructed investment property with an established tenant already in place. The tenant is currently under a 12-month lease at $1.500 per month, providing immediate rental income. This well-appointed home features 3 bedrooms, 2 full bathrooms, and an open-concept floor plan. The kitchen comes complete with appliances, making it move-in ready. Conveniently located just minutes from the Stax Museum of American Soul Music and LeMoyne-Owen College, this property offers strong rental appeal in a growing area. Start generating income from day one with this turnkey investment opportunity!

1374 Dow Pl, Memphis
3133 Golden Oaks Cv, Memphis
$94,900
3 Beds ⋅ 2 Baths ⋅ 10231645 MLS
Welcome to this 1-story brick veneer home offering 3 bedrooms, 2 bathrooms, and 1,119 square feet of living space. The functional floor plan features 6 total rooms, a fireplace, and central heating and air. A carport provides convenient covered parking, while the yard offers additional outdoor space to enjoy. Schedule your showing today!

3133 Golden Oaks Cv, Memphis
2452 Saratoga Ave, Memphis
$120,000
1 Beds ⋅ 1 Baths ⋅ 10231640 MLS
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.

2452 Saratoga Ave, Memphis
4089 Spring Hollow Dr, Memphis
$179,900
3 Beds ⋅ 2 Baths ⋅ 10231637 MLS
Welcome to this inviting 1-story home offering 3 bedrooms and 2 bathrooms. The functional floor plan features comfortable living spaces with plenty of room to relax and entertain. Outside, the backyard provides additional space to enjoy the outdoors. Schedule your showing today! One or more photos may have been virtually staged.

4089 Spring Hollow Dr, Memphis
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