Memphis Homes under $250,000

Memphis Homes under $250,000

Welcome to Memphis, Tennessee—where the rich tapestry of culture, music, and history meets the warmth of Southern hospitality. Nestled in Shelby County, Memphis is renowned for its vibrant arts scene, mouthwatering barbecue, and deep-rooted musical heritage, famously known as the birthplace of blues and rock 'n' roll. From the iconic Beale Street to the serene banks of the Mississippi River, this city offers a unique blend of urban excitement and Southern charm.

For those looking to call Memphis home without breaking the bank, you're in luck! The city boasts a variety of homes available for under $250,000, making it an ideal destination for first-time buyers, families, and investors alike. Whether you're seeking a cozy bungalow in a historic neighborhood or a contemporary townhome with modern amenities, Memphis has something to suit every taste and budget.

The neighborhoods in Memphis are as diverse as its residents. Explore the charming streets of Midtown, where you’ll find a lively community filled with local shops and eateries. Or consider the family-friendly suburbs like Germantown and Collierville, known for their excellent schools and parks. With a robust real estate market and homes that offer great value, Memphis is not just a place to live—it's a place to thrive.

Discover the allure of Memphis today, where your dream home awaits at an affordable price. Experience the rhythm of life in this dynamic city, and let us help you find the perfect property that fits your lifestyle and budget!

Newest Memphis Homes under $250,000

6797 Ross Ridge Dr, Memphis
$135,000
2 Beds ⋅ 2 Baths ⋅ 10232135 MLS
Beautiful all brick 2 bedroom/2 bath home. Ready to move in! Fresh neutral paint throughout, large closets. End unit! Come check it out! Owner Agent

6797 Ross Ridge Dr, Memphis

Listing courtesy of Southeast Investors, LLC.

1311 Randall Dr, Memphis
$165,000
3 Beds ⋅ 2 Baths ⋅ 10232132 MLS
Great Opportunity in Whitehaven! Freshly painted, hardwood floors, corner lot, 3 bedrooms, 2 baths! Call today!

1311 Randall Dr, Memphis

Listing courtesy of REI Nation Real Estate Service.

1069 Talley Pl, Memphis
$110,000
3 Beds ⋅ 1 Baths ⋅ 10232131 MLS
A wonderful house in a neighborhood with an active/moving real estate market. Located just a couple blocks from the Stax Museum/the Soulsville neighborhood, this home features large rooms, 12-foot ceilings, kitchen updates (new oven, fridge, and double sink (all are stainless steel & all stay with house), new quartz kitchen countertops, new kitchen island, washer/dryer (in laundry room with hot water heater), a brand new back-deck, fresh paint, new professional landscaping, new lighting fixtures/ceiling fans, renovated bathroom, front porch, newly added cabinetry, updated plumbing/electrical, and a peaceful, gigantic backyard with brand new wooden fencing around the entire backyard property line. There is also a mud room by the back entry of the house. Roof and heat/air date to 2023-2024. Move-in ready! Book a showing appointment today!

1069 Talley Pl, Memphis

Listing courtesy of Hobson, REALTORS.

207 Neely Cv, Memphis
$175,000
3 Beds ⋅ 3 Baths ⋅ 10232128 MLS
INVESTOR OPPORTUNITY — $175,000! 2,373 SF brick home with 3 bedrooms, 3 baths and a 2-car garage. This spacious property offers an enlarged/remodeled kitchen with island, enlarged bedroom, Jacuzzi tub, double-sink vanity, wet bar and built-in bar. AS-IS SALE — PROPERTY NEEDS WORK. Bring your renovation strategy and unlock the potential! Excellent opportunity for an investor seeking a value-add project. INVESTORS ONLY. Buyer to perform all due diligence regarding condition, repairs, costs, permits, measurements and potential value. Seller will not make repairs. Appliances are included – AS-IS condition. Priced to attract serious investors—bring your numbers and your vision!

207 Neely Cv, Memphis

Listing courtesy of KAIZEN Realty, LLC.

1546 Humber St, Memphis
$189,000
3 Beds ⋅ 2 Baths ⋅ 10232126 MLS
BRAND NEW 2026 CONSTRUCTION! Beautifully designed Craftsman-style home offering 3 bedrooms and 2 full baths. Thoughtfully designed to complement the historical architecture of the surrounding neighborhood while offering the modern conveniences of new construction. Enjoy a fresh, functional floor plan ready for your personal touches. Conveniently located near the STAX Museum, Soulsville, LeMoyne-Owen College, Downtown Memphis and the Medical District. A wonderful opportunity to own a brand-new home in an established Memphis community rich in history and culture. Awaiting for your personal touch!

1546 Humber St, Memphis

Listing courtesy of Welch Realty, LLC.

1370 Dow Pl, Memphis
$165,000
3 Beds ⋅ 2 Baths ⋅ 10232123 MLS
NEW CONSTRUCTION WITH TENANT ALREADY IN PLACE! Possible Package Deal with 1374 Dow! Great opportunity for investors looking for a newer property with immediate rental income. This recently constructed home offers modern finishes, a functional Floor plan and low-maintenance living while providing the advantage of an established tenant currently paying $1,495 per month. Skip the initial vacancy and leasing process and begin with income already in place. Beautiful Concrete Floors, Kitchen Island with quartz countertops, and Back Splash! Convenient Memphis location with access to shopping, employment centers and major roadways. Property is tenant occupied; please do not disturb tenant, Excellent turnkey addition to a rental portfolio! Appliances included: stove, dishwasher, refrigerator and microwave.

1370 Dow Pl, Memphis

Listing courtesy of Tiger Realty.

1001 Prescott St, Memphis
$130,000
2 Beds ⋅ 1 Baths ⋅ 10232119 MLS
**Great Location, Great Features, and a Great Opportunity!** This charming home is conveniently located near shopping, dining, and the University of Memphis! Inside, you'll find an updated kitchen and bath, stainless steel appliances, and updated vinyl and tile flooring and lighting. The roof was replaced in 2022, adding even more value! Plus, the washer, dryer, and refrigerator all remain, making your move that much easier! Located approximately ½ mile from Park Avenue and 1.5 miles from the University of Memphis. **Eligible buyers may qualify for down payment assistance through the City of Memphis or THDA programs.** Don't miss your opportunity to see this home! Contact your favorite real estate agent or call me to schedule a private showing. **No Blind Offers.**

1001 Prescott St, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.

655 Riverside Dr Unit #608B, Memphis
$159,900
1 Beds ⋅ 1 Baths ⋅ 10232118 MLS
Resort-style amenities, downtown energy & easy condo living—all in one newly renovated home! Enjoy a swim, a workout, a tennis match or a relaxing afternoon in the residents’ lounge, with walking trails adding to the appeal. Inside, an expansive open layout & large windows welcome abundant natural light & scenic views. Wood-look flooring, neutral finishes & elegant crown molding create an inviting setting for relaxing or entertaining. A distinctive two-way fireplace connects the living room & bathroom, where a separate soaking tub offers a relaxing retreat. The updated kitchen features dark cabinetry, stainless-steel appliances, white countertops, a marble-look backsplash & a modern black faucet. Spend more time enjoying downtown with exterior maintenance handled & garbage, water, electricity & gas included in the HOA fees. Comfort, convenience & room to unwind—right where you want to be!

655 Riverside Dr Unit #608B, Memphis

Listing courtesy of Keller Williams.

4799 Walden Glen St, Memphis
$244,900
3 Beds ⋅ 2 Baths ⋅ 10232115 MLS
Welcome home to this beautiful new construction offering 3 bedrooms, 2 full bathrooms, and 1,352 sq. ft. of thoughtfully designed living space. Enjoy a modern, functional floor plan with fresh finishes throughout and the peace of mind that comes with owning a brand-new home. Whether you're a first-time home buyer, downsizing, or simply looking for something move-in ready, this home offers the perfect blend of style, comfort, and convenience. Don't miss your opportunity to make this new home yours!

4799 Walden Glen St, Memphis

Listing courtesy of KAIZEN Realty, LLC.

1533 S Montgomery St, Memphis
$60,000
2 Beds ⋅ 1 Baths ⋅ 10232114 MLS
Investor opportunity at 1533 S Montgomery St! Rent at this tenant-occupied property is currently $835 per month, making it an opportunity for investors looking to add to their rental portfolio. Tenant is on a month-to-month lease. The home is being rented in its current condition and could benefit from some minor improvements, offering potential for a new owner to make updates over time. Please note: The property is tenant-occupied, and showings will only be permitted with an accepted offer. Buyers should plan accordingly when evaluating this investment opportunity. Whether you're expanding your rental portfolio or looking for your next investment project, this property is worth a closer look!

1533 S Montgomery St, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.

2634 Harvard Ave, Memphis
$149,900
2 Beds ⋅ 1 Baths ⋅ 10232109 MLS
Welcome to your dream home in East Memphis-Colonial-Yorkshire! This 2-bedroom, 1-bath rental offers stylish, modern living with beautiful wood plank flooring throughout. The updated kitchen features quartz countertops, white shaker cabinets, and stainless steel appliances. The bathroom showcases marble-style tile, quartz counters, and designer lighting. Energy-efficient systems add comfort and savings, while a fenced backyard provides privacy and space to relax or entertain.

2634 Harvard Ave, Memphis

Listing courtesy of KAIZEN Realty, LLC.

7178 Countryside Dr, Memphis
$229,901
3 Beds ⋅ 2 Baths ⋅ 10232107 MLS
Welcome home to this beautifully updated 3-bedroom, 2-bath home where modern finishes meet everyday comfort! Step inside to inviting living spaces, stylish flooring, and a bright, welcoming feel. The kitchen features new cabinets, countertops, and appliances, creating the perfect spot to cook, gather, and catch up at the end of the day. Both bathrooms offer contemporary touches, while updated paint and finishes give the home a polished look. Outside, enjoy a spacious yard with new sod and landscaping, plus room to garden, play, or unwind. A covered carport and detached storage shed add everyday convenience. With a new roof and HVAC system among its many improvements, this home is ready for you to settle in and make it your own!

7178 Countryside Dr, Memphis

Listing courtesy of 901, REALTORS.

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