Real Estate Investment Properties for Sale in Memphis, TN

Looking for investment property in Memphis, TN with high ROI ?

Explore a variety of short-term homes & houses in Memphis, TN. Invest wisely with VRBO & Memphis, TN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Memphis, TN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3172 JOFFRE Memphis, TN Affordable, Updated, and Full of Charm â Perfect for First-Time Buyers, Students, or Inv...	3 beds \| 2 baths \| N/A	$275,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 5% Airbnb Rental Income: $1425 Traditional Rental Income: $2028 Airbnb ROI: 1.03% Traditional ROI: 5%
505 EASTBOURNE Memphis, TN Beautifully renovated 4 bed, 2 bath home in the heart of East Memphis! This move-in ready ...	4 beds \| 2 baths \| N/A	$394,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 3.4% Airbnb Rental Income: $1964 Traditional Rental Income: $2167 Airbnb ROI: 1.46% Traditional ROI: 3.4%
731 N WALNUT WOODS Memphis, TN Beautifully maintained home with major updates throughout for peace of mind and modern com...	2 beds \| 3 baths \| N/A	$205,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 7.26% Airbnb Rental Income: $1148 Traditional Rental Income: $1945 Airbnb ROI: 1.21% Traditional ROI: 7.26%
540 ELLSWORTH Memphis, TN Step into this delightful East Buntyn bungalow brimming with warmth and character. This 2 ...	3 beds \| 2 baths \| N/A	$334,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.56% Airbnb Rental Income: $1425 Traditional Rental Income: $1971 Airbnb ROI: 0.47% Traditional ROI: 3.56%
66 MONROE #504 Memphis, TN Experience Downtown Living at Its Best! Donât miss this incredible opportunity to own a ...	1 beds \| 1 baths \| N/A	$185,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 3.37% Airbnb Rental Income: $451 Traditional Rental Income: $1085 Airbnb ROI: -1.74% Traditional ROI: 3.37%
2789 ARBOR LANE Memphis, TN Check out this beautiful, well-maintained home on a cul-de-sac off Appling Rd. 3 bedroom 2...	3 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.66% Airbnb Rental Income: $1104 Traditional Rental Income: $1983 Airbnb ROI: 0.91% Traditional ROI: 6.66%
241 BARONNE #24 Memphis, TN Enjoy easy, all-on-one-floor living in this Woodlands home that was JUST beautifully and t...	3 beds \| 3 baths \| N/A	$695,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.73% Airbnb Rental Income: $1425 Traditional Rental Income: $2355 Airbnb ROI: -0.37% Traditional ROI: 1.73%
225 North Avalon St Memphis, TN Located in the walkable Evergreen neighborhood, this lovely home is less than a mile to hi...	4 beds \| 3 baths \| N/A	$449,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 4.8% Airbnb Rental Income: $835 Traditional Rental Income: $2833 Airbnb ROI: -0.72% Traditional ROI: 4.8%
1002 S WILLETT Memphis, TN Don't miss this beautiful home situated in the city's medical district this is a Gem!	3 beds \| 2 baths \| N/A	$225,900	Airbnb cash on cash: 0.28% Traditional cash on cash: 6.19% Airbnb Rental Income: $756 Traditional Rental Income: $1703 Airbnb ROI: 0.28% Traditional ROI: 6.19%
371 W CHERRY Memphis, TN Fabulous custom gated home in Belle Meade with luxury details throughout! Perfect for ente...	4 beds \| 5 baths \| N/A	$1,170,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.13% Airbnb Rental Income: $1964 Traditional Rental Income: $4789 Airbnb ROI: -0.95% Traditional ROI: 2.13%
113 HARBOR TOWN #301 Memphis, TN Rare opportunity in the heart of Harbor Town's commercial district! Amazing 2 Bedroom 2 Ba...	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.45% Airbnb Rental Income: $1079 Traditional Rental Income: $1547 Airbnb ROI: -0.51% Traditional ROI: 2.45%
215 S REESE Memphis, TN Experience the perfect blend of style & comfort in this newer-built East Memphis 3 bedroom...	3 beds \| 2 baths \| N/A	$349,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.94% Airbnb Rental Income: $1425 Traditional Rental Income: $1871 Airbnb ROI: 0.29% Traditional ROI: 2.94%
2954 SOUTHERN #2954 Memphis, TN GATED COMMUNITY! BEAUTIFUL HIDDEN GEM....A FEW BLOCKS FROM UNIVERSITY OF MEMPHIS. OPEN FLO...	2 beds \| 3 baths \| N/A	$239,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 7.67% Airbnb Rental Income: $808 Traditional Rental Income: $2360 Airbnb ROI: -0.6% Traditional ROI: 7.67%
3176 YALE Memphis, TN Updated Duplex in Eastern Heights â Prime Investment Opportunity in 38112! Located just ...	4 beds \| 2 baths \| N/A	$178,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 10.52% Airbnb Rental Income: $756 Traditional Rental Income: $2170 Airbnb ROI: 0.36% Traditional ROI: 10.52%
3446 FOX MEADOWS Memphis, TN Beautiful Brick Home in Great Fox Medows Location! Newly Renovated 3 Bedroom 2 Bathroom, ...	3 beds \| 2 baths \| N/A	$239,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.27% Airbnb Rental Income: $1246 Traditional Rental Income: $1945 Airbnb ROI: 1.44% Traditional ROI: 6.27%
4015 N GALLOWAY Memphis, TN BACK ON MARKET! This classic 1940 East Memphis cottage in Red Acres has been transformed o...	4 beds \| 4 baths \| N/A	$900,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.09% Airbnb Rental Income: $1964 Traditional Rental Income: $3807 Airbnb ROI: -0.73% Traditional ROI: 2.09%
465 S MAIN #303 Memphis, TN Experience the best of downtown living with this rare opportunity to own one of Memphisâ...	2 beds \| 2 baths \| N/A	$349,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 2.87% Airbnb Rental Income: $1079 Traditional Rental Income: $1813 Airbnb ROI: -0.49% Traditional ROI: 2.87%
1456 WOODSTON Memphis, TN ASSUMABLE 2.25% loan with Freedom Mortgage! The cutest home with wonderful floorplan and r...	3 beds \| 1 baths \| N/A	$250,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.65% Airbnb Rental Income: $1425 Traditional Rental Income: $1512 Airbnb ROI: 1.48% Traditional ROI: 3.65%
185 N BINGHAM Memphis, TN Investorâs dream on a double lot! This property offers incredible potential as a short-t...	2 beds \| 1 baths \| N/A	$129,000	Airbnb cash on cash: -1.02% Traditional cash on cash: 7.59% Airbnb Rental Income: $504 Traditional Rental Income: $1299 Airbnb ROI: -1.02% Traditional ROI: 7.59%
2293 JACKSON Memphis, TN OPEN HOUSE DEC 7TH 1-3PM If you're looking for a 3 bedroom, 2 bathroom home in midtown...	3 beds \| 2 baths \| N/A	$240,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.85% Airbnb Rental Income: $756 Traditional Rental Income: $1953 Airbnb ROI: -0.81% Traditional ROI: 5.85%
1051 NEW YORK Memphis, TN Charming and cozy, yet spacious and functional, this Cooper Young Bungalow could be yours!...	2 beds \| 2 baths \| N/A	$218,900	Airbnb cash on cash: -1.93% Traditional cash on cash: 5.55% Airbnb Rental Income: $504 Traditional Rental Income: $1782 Airbnb ROI: -1.93% Traditional ROI: 5.55%
3520 CENTRAL #103 Memphis, TN Welcome to The Laurels where convenience meets style- right in the heart of East Memphis. ...	1 beds \| 2 baths \| N/A	$225,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 5.51% Airbnb Rental Income: $644 Traditional Rental Income: $1757 Airbnb ROI: -1.11% Traditional ROI: 5.51%
207 N GOODLETT Memphis, TN Discover this beautifully maintained mid-century modern ranch offering three bedrooms, two...	3 beds \| 3 baths \| N/A	$405,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.95% Airbnb Rental Income: $1425 Traditional Rental Income: $2506 Airbnb ROI: -0.02% Traditional ROI: 3.95%
95 S MAIN #101 Memphis, TN Downtown Living at its best! Brand new Condo in the heart of downtown.This condominium ha...	3 beds \| 4 baths \| N/A	$350,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 4.57% Airbnb Rental Income: $1410 Traditional Rental Income: $2474 Airbnb ROI: 0.05% Traditional ROI: 4.57%
1080 BLYTHE Memphis, TN Step into sleek, modern living just steps from historic Cooper-Young! This nearly-new 2017...	3 beds \| 3 baths \| N/A	$405,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 3.55% Airbnb Rental Income: $756 Traditional Rental Income: $2399 Airbnb ROI: -1.61% Traditional ROI: 3.55%
643 N WILLETT Memphis, TN Fabulous Floorplan with upgrades thru out in this gorgeous 2 bedroom 1 bath in Vollintine ...	2 beds \| 1 baths \| N/A	$209,900	Airbnb cash on cash: -2.05% Traditional cash on cash: 3.15% Airbnb Rental Income: $504 Traditional Rental Income: $1265 Airbnb ROI: -2.05% Traditional ROI: 3.15%
3553 OAKLEY Memphis, TN This beautifully maintained and freshly painted 3-bedroom, 2-bath home offers timeless app...	3 beds \| 2 baths \| N/A	$399,500	Airbnb cash on cash: 0.06% Traditional cash on cash: 2.84% Airbnb Rental Income: $1425 Traditional Rental Income: $2039 Airbnb ROI: 0.06% Traditional ROI: 2.84%
19 S MERTON Memphis, TN Terrific deal. You can buy this Midtown home at a GREAT PRICE for the area and start gener...	4 beds \| 2 baths \| N/A	$266,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 7.34% Airbnb Rental Income: $835 Traditional Rental Income: $2399 Airbnb ROI: -0.2% Traditional ROI: 7.34%
446 ROSSER Memphis, TN Absolutely charming East Memphis home on a quiet street! Sellers have transformed the main...	3 beds \| 2 baths \| N/A	$315,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 3.84% Airbnb Rental Income: $855 Traditional Rental Income: $1925 Airbnb ROI: -0.89% Traditional ROI: 3.84%
648 RIVERSIDE #207 Memphis, TN Huge Price Reduction ! 2 Bedroom 2 Bath \| Modern Convenience \| Mighty Lights view from P...	2 beds \| 2 baths \| N/A	$265,420	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.51% Airbnb Rental Income: $1079 Traditional Rental Income: $1784 Airbnb ROI: 0.22% Traditional ROI: 4.51%
1864 WALKER Memphis, TN Adorable, renovated bungalow in historic Cooper Young Neighborhood. This home offers curb ...	3 beds \| 2 baths \| N/A	$320,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 3.62% Airbnb Rental Income: $756 Traditional Rental Income: $1965 Airbnb ROI: -1.44% Traditional ROI: 3.62%
248 N YATES Memphis, TN Step into this beautifully maintained 3-bedroom, 2-bath Midtown-style home offering timele...	3 beds \| 2 baths \| N/A	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $1912 Airbnb ROI: N/A Traditional ROI: 4.46%
3529 JOHNWOOD Memphis, TN PRICED TO SELL BELOW COMPS! Charming 3 bed, 2 bath home, 1530 sf, in High Point Terrace...	3 beds \| 2 baths \| N/A	$294,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 4.13% Airbnb Rental Income: $1425 Traditional Rental Income: $1923 Airbnb ROI: 0.79% Traditional ROI: 4.13%
1560 CRANFORD Memphis, TN Nice home on fenced lot in Colonial Acres Covered Carport plus oversized two car detached...	3 beds \| 2 baths \| N/A	$199,900	Airbnb cash on cash: 2.65% Traditional cash on cash: 7.5% Airbnb Rental Income: $1425 Traditional Rental Income: $1918 Airbnb ROI: 2.65% Traditional ROI: 7.5%
416 ELWOOD Memphis, TN Incredible renovation with a truly wonderful kitchen! Open design meets lovely views and g...	4 beds \| 3 baths \| N/A	$489,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.86% Airbnb Rental Income: $1964 Traditional Rental Income: $2903 Airbnb ROI: 0.68% Traditional ROI: 3.86%
4908 MOCKINGBIRD Memphis, TN Check out your new home! Don't blink or it will vanish. This amazing 3 bedroom,2.5 bath ra...	3 beds \| 3 baths \| N/A	$325,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 5.31% Airbnb Rental Income: $1425 Traditional Rental Income: $2450 Airbnb ROI: 0.56% Traditional ROI: 5.31%
691 ROCKY FIELD Memphis, TN Discover exceptional and unparalleled luxury in this expansive home in the sought-after ga...	4 beds \| 3 baths \| N/A	$415,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 5.09% Airbnb Rental Income: $1856 Traditional Rental Income: $2731 Airbnb ROI: 1.55% Traditional ROI: 5.09%
83 W LAFAYETTE Memphis, TN OPEN HOUSE SATURDAY OCTOBER 11TH 12:00 p.m. - 2:00 p.m. Thi...	3 beds \| 2 baths \| N/A	$265,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 4.7% Airbnb Rental Income: $1425 Traditional Rental Income: $1848 Airbnb ROI: 1.31% Traditional ROI: 4.7%
648 RIVERSIDE #319 Memphis, TN Fantastic Downtown Condo. Large, open, airy 2 BR, 2 BA, 10 ft ceilings. Great natural ligh...	2 beds \| 2 baths \| N/A	$299,500	Airbnb cash on cash: -0.1% Traditional cash on cash: 2.93% Airbnb Rental Income: $1079 Traditional Rental Income: $1563 Airbnb ROI: -0.1% Traditional ROI: 2.93%
1840 WOODCHASE GLEN Memphis, TN Welcome to this elegant 3-bedroom, 2-bath home that perfectly blends comfort, style, and m...	3 beds \| 2 baths \| N/A	$296,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.41% Airbnb Rental Income: $1104 Traditional Rental Income: $1956 Airbnb ROI: 0.01% Traditional ROI: 4.41%

Real Estate investment in Memphis, TN

There are 1,159 properties for sale in the city of Memphis . The median list price in Memphis is $210,000 and the average price per square foot is $138. In December 2025, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,863.

Memphis, TN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 1,159 investment properties available for sale in Memphis.

In 2025, the best neighborhood to buy investment property is East Memphis.

The ROI for Long-Term is higher than the Short-Term in Memphis with average rental income of $1,863.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

3172 JOFFRE

Memphis, TN

3 beds | 2 baths | N/A

$275,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 5%

Airbnb Rental Income: $1425

Traditional Rental Income: $2028

Airbnb ROI: 1.03%

Traditional ROI: 5%

505 EASTBOURNE

Memphis, TN

4 beds | 2 baths | N/A

$394,900

Airbnb cash on cash: 1.46%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $1964

Traditional Rental Income: $2167

Airbnb ROI: 1.46%

Traditional ROI: 3.4%

731 N WALNUT WOODS

Memphis, TN

2 beds | 3 baths | N/A

$205,000

Airbnb cash on cash: 1.21%

Traditional cash on cash: 7.26%

Airbnb Rental Income: $1148

Traditional Rental Income: $1945

Airbnb ROI: 1.21%

Traditional ROI: 7.26%

540 ELLSWORTH

Memphis, TN

3 beds | 2 baths | N/A

$334,900

Airbnb cash on cash: 0.47%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $1425

Traditional Rental Income: $1971

Airbnb ROI: 0.47%

Traditional ROI: 3.56%

66 MONROE #504

Memphis, TN

1 beds | 1 baths | N/A

$185,000

Airbnb cash on cash: -1.74%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $451

Traditional Rental Income: $1085

Airbnb ROI: -1.74%

Traditional ROI: 3.37%

2789 ARBOR LANE

Memphis, TN

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $1104

Traditional Rental Income: $1983

Airbnb ROI: 0.91%

Traditional ROI: 6.66%

241 BARONNE #24

Memphis, TN

3 beds | 3 baths | N/A

$695,000

Airbnb cash on cash: -0.37%

Traditional cash on cash: 1.73%

Airbnb Rental Income: $1425

Traditional Rental Income: $2355

Airbnb ROI: -0.37%

Traditional ROI: 1.73%

225 North Avalon St

Memphis, TN

4 beds | 3 baths | N/A

$449,900

Airbnb cash on cash: -0.72%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $835

Traditional Rental Income: $2833

Airbnb ROI: -0.72%