Homes for sale under $200k in Memphis, TN

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ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
Are you needing a no-hassle, no-stress, move-in ready home? You found it! This newly renovated 3 bedroom/2 bath home is just waiting for its new owners to turn the key and enjoy! The home boasts new appliances, new flooring, new lighting, new paint, and the list goes on! Come take a look today!

$200,000

3 beds2 baths1,174 sq ft

7794 Mesa Dr, Memphis, TN 38133

8,276 sq ft lot • 3 parking spots • Built 1992

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
This very spacious home 3-bedroom, 2 bath, huge den, separate dining room, living room, huge office, eat-in kitchen, laundry room, fenced back yard for privacy. Central A. C only one year old. New paint inside and outside, sewage system, flooring and window Blinds throughout the home, less than 2 years old. Bathroom updated. Wooddale Middle and High school across the street. Sellers are in the process of moving. Storage building will not stay. Bring all your offers, this one will not last!!

$200,000

3 beds2 baths— sq ft

3472 Castleman St, Memphis, TN 38118

Fenced back yard • Storage building • New paint

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
Investor special! Located by Colonial Acres, this charming 3 bed/1.5 bath ranch-style home is up for sale in “as-is” condition. The home features numerous amenities such as central heating & air, dishwasher, laundry connections, ceiling fans, vinyl floors, carport, fully-fenced and gated backyard, and detached storage shed. The property is currently leased at $1450/month to tenants with a clear ledger. Do not disturb the tenants. Showings are by appointment-only, and require advance notice of at least 48 hours. Call or text our office to schedule. No wholesalers, seller-financing, or blind offers!

$200,000

3 beds1.5 baths— sq ft

1782 Cornelia Ln, Memphis, TN 38117

Central heating • Laundry connections • Vinyl floors

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,560 a month, and the lease will end on 3/31/2026. It can be sold separately or as a package deal along with 582 Watson, 3739 Spottswood, and 3863 Spottswood.

$200,000

3 beds2 baths— sq ft

572 Watson St, Memphis, TN 38111

8,276 sq ft lot • Built 1952 • Listed 138 days

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
New Price! Riverside 648 is one of the coolest condos in downtown Memphis, located at the top of Riverside Drive across from River Tower and walkable down into Tom Lee Park. The rooftop views are amazing with two gas grills and plenty of seating, and you can see all downtown Memphis as well as both bridges along the river. There's also a kitchen with a full bath on the roof as well. This one bedroom one bath loft style unit is very open and airy with high ceilings and a wonderful eat-in kitchen with granite countertops and stainless steel appliances. Includes washer, dryer and refrigerator along with a built-in microwave, gas cooking, and much more. Awesome gated garage with a reserve park

$200,000

1 bed1 bath— sq ft

648 Riverside Dr #309, Memphis, TN 38103

Rooftop views • Eat-in kitchen • Granite countertops

Property at 1778 Evelyn Ave, Memphis, TN 38114, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

1778 Evelyn Ave, Memphis, TN 38114

Property at 1253 S Barksdale St, Memphis, TN 38114, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

1253 S Barksdale St, Memphis, TN 38114

Property at 6254 Brightwood Dr, Memphis, TN 38134, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

6254 Brightwood Dr, Memphis, TN 38134

Property at 505 Tennessee St #407, Memphis, TN 38103, 1 bath

$200,000

0 beds1 bath— sq ft

505 Tennessee St #407, Memphis, TN 38103

Property at 582 Watson St, Memphis, TN 38111, 2 beds, 2 baths

$200,000

2 beds2 baths— sq ft

582 Watson St, Memphis, TN 38111

Property at 3620 Archwood Dr, Memphis, TN 38128, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

3620 Archwood Dr, Memphis, TN 38128

Property at 4785 Dianne Dr, Memphis, TN 38116, 4 beds, 2 baths

$199,901

4 beds2 baths1,732 sq ft

4785 Dianne Dr, Memphis, TN 38116

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 788 N N Hollywood St, Memphis, TN 38112, 4 beds, 2 baths

$199,900

4 beds2 baths— sq ft

788 N N Hollywood St, Memphis, TN 38112

Property at 1867 Jefferson Ave #1867, Memphis, TN 38104, 2 beds, 2.5 baths

$199,900

2 beds2.5 baths— sq ft

1867 Jefferson Ave #1867, Memphis, TN 38104

Property at 107 Court Ave #203, Memphis, TN 38103, 2 beds, 2 baths

$199,900

2 beds2 baths— sq ft

107 Court Ave #203, Memphis, TN 38103

Property at 1519 S White Station Rd, Memphis, TN 38117, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

1519 S White Station Rd, Memphis, TN 38117

Property at 273 W Central Park Ave #1, Memphis, TN 38111, 2 beds, 2 baths

$199,900

2 beds2 baths1,418 sq ft

273 W Central Park Ave #1, Memphis, TN 38111

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 657 N Holmes St, Memphis, TN 38122, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

657 N Holmes St, Memphis, TN 38122

Property at 3548 Carrington Rd, Memphis, TN 38111, 4 beds, 2 baths

$199,900

4 beds2 baths— sq ft

3548 Carrington Rd, Memphis, TN 38111

Property at 5340 Shady Ridge Cv, Memphis, TN 38141, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

5340 Shady Ridge Cv, Memphis, TN 38141

Property at 1560 Cranford Dr, Memphis, TN 38117, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

1560 Cranford Dr, Memphis, TN 38117

Property at 643 N Willett St, Memphis, TN 38107, 2 beds, 1 bath

$199,900

2 beds1 bath— sq ft

643 N Willett St, Memphis, TN 38107

Property at 1042 Larue St, Memphis, TN 38122, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

1042 Larue St, Memphis, TN 38122

Property at 1820 W Holmes Rd, Memphis, TN 38109, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

1820 W Holmes Rd, Memphis, TN 38109

Property at 5718 Quince Rd #1, Memphis, TN 38119, 2 beds, 2 baths

$199,900

2 beds2 baths— sq ft

5718 Quince Rd #1, Memphis, TN 38119

Property at 2907 Walker Ave, Memphis, TN 38111, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

2907 Walker Ave, Memphis, TN 38111

Property at 7440 Doncaster Ln, Memphis, TN 38125, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

7440 Doncaster Ln, Memphis, TN 38125

Property at 22 N Humes St, Memphis, TN 38111, 3 beds, 1 bath

$199,900

3 beds1 bath— sq ft

22 N Humes St, Memphis, TN 38111

Property at 2894 Midland Ave, Memphis, TN 38111, 2 beds, 1.5 baths

$199,900

2 beds1.5 baths— sq ft

2894 Midland Ave, Memphis, TN 38111

Property at 4764 Eagle Crest Dr #4002, Memphis, TN 38117, 2 beds, 1.5 baths

$199,900

2 beds1.5 baths— sq ft

4764 Eagle Crest Dr #4002, Memphis, TN 38117

Property at 915 Garland St, Memphis, TN 38107, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

915 Garland St, Memphis, TN 38107

Property at 1322 Larkin Ave, Memphis, TN 38104, 3 beds, 2 baths

$199,500

3 beds2 baths— sq ft

1322 Larkin Ave, Memphis, TN 38104

Property at 3856 Innsbrook Dr, Memphis, TN 38115, 3 beds, 2 baths

$199,500

3 beds2 baths— sq ft

3856 Innsbrook Dr, Memphis, TN 38115

Property at 279 N N Watkins St, Memphis, TN 38104, 2 beds, 1 bath

$199,000

2 beds1 bath— sq ft

279 N N Watkins St, Memphis, TN 38104

Property at 420 S Front St #306, Memphis, TN 38103, 1 bed, 1 bath

$199,000

1 bed1 bath— sq ft

420 S Front St #306, Memphis, TN 38103

Property at 4029 Hermitage Dr, Memphis, TN 38116, 3 beds, 2 baths

$199,000

3 beds2 baths— sq ft

4029 Hermitage Dr, Memphis, TN 38116

Property at 955 Goodman St, Memphis, TN 38111, 3 beds, 2 baths

$199,000

3 beds2 baths— sq ft

955 Goodman St, Memphis, TN 38111

Property at 6981 Mcvay Place Dr, Memphis, TN 38119, 3 beds, 2 baths

$199,000

3 beds2 baths— sq ft

6981 Mcvay Place Dr, Memphis, TN 38119

Property at 521 Summitt St, Memphis, TN 38104, 1 bed, 1.5 baths

$199,000

1 bed1.5 baths— sq ft

521 Summitt St, Memphis, TN 38104

Property at 4433 Mallory Ave, Memphis, TN 38117, 3 beds, 2.5 baths

$199,000

3 beds2.5 baths— sq ft

4433 Mallory Ave, Memphis, TN 38117

Property at 3330 Highland Park Pl, Memphis, TN 38111, 2 beds, 1 bath

$199,000

2 beds1 bath— sq ft

3330 Highland Park Pl, Memphis, TN 38111

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Homes for sale under $200k in Memphis

There are currently 1216 homes for sale under $200k in Memphis. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Memphis stay on the market for 78 days and receive 1 offers. Popular neighborhoods include Downtown Memphis, East Memphis, Midtown, Cordova, and Mud Island. This map is refreshed with the newest listings in Memphis every 15 minutes.

In the past month, 427 homes have been sold in Memphis. In addition to houses in Memphis, there were also 331 condos, 69 townhouses, and 97 multi-family units for sale in Memphis last month. Memphis is a minimally walkable city in Shelby County with a Walk Score of 35. Memphis is home to approximately 647,889 people and 401,774 jobs. Find your dream home in Memphis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Memphis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Memphis. Our Memphis real estate stats and trends will give you more information about home buying and selling trends in Memphis. If you're looking to sell your home in the Memphis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Memphis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Based on information submitted to the MLS GRID as of Tue Dec 23 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Homes for sale under $200k in Memphis, TN

Homes for sale under $200k in Memphis

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