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
1450 WALTON Rd Memphis, TN Cutest starter home in East Memphis! Granite countertops and ceiling-height cabinets shine...	2 beds \| 1 baths \| 1,059 sq.ft.	$219,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.33% Airbnb Rental Income: $892 Traditional Rental Income: $1554 Airbnb ROI: 0.53% Traditional ROI: 5.33%
505 EASTBOURNE Pl Memphis, TN Beautifully renovated 4 bed, 2 bath home in the heart of East Memphis! This move-in ready ...	4 beds \| 2 baths \| 2,306 sq.ft.	$349,900	Airbnb cash on cash: 3.66% Traditional cash on cash: 4.68% Airbnb Rental Income: $2425 Traditional Rental Income: $2167 Airbnb ROI: 3.66% Traditional ROI: 4.68%
3889 BIRCHMEADOW Cv Memphis, TN INVESTERS ONLY!!! Hot investment opportunity. Tenant occupied 3bed 2bath home rented at $1...	3 beds \| 2 baths \| 1,365 sq.ft.	$170,000	Airbnb cash on cash: 5.98% Traditional cash on cash: 9.05% Airbnb Rental Income: $1808 Traditional Rental Income: $1816 Airbnb ROI: 5.98% Traditional ROI: 9.05%
66 MONROE Ave #504 Memphis, TN Experience Downtown Living at Its Best! Don't miss this incredible opportunity to own a pi...	1 beds \| 1 baths \| 811 sq.ft.	$180,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 4.11% Airbnb Rental Income: $504 Traditional Rental Income: $1085 Airbnb ROI: -0.87% Traditional ROI: 4.11%
5336 ROLLING OAKS Dr Memphis, TN This highly sought after area of East Memphis is right across from Sea Isle Park. This 4BR...	4 beds \| 2 baths \| 1,800 sq.ft.	$335,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 5.31% Airbnb Rental Income: $2026 Traditional Rental Income: $2286 Airbnb ROI: 2.81% Traditional ROI: 5.31%
648 RIVERSIDE Dr #207 Memphis, TN Price Improvement [648 Riverside] #207 \| 2 Bedroom + 2 Full Bath \| Loft Living + High Ceil...	2 beds \| 2 baths \| 1,314 sq.ft.	$237,500	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.16% Airbnb Rental Income: $929 Traditional Rental Income: $1188 Airbnb ROI: 0.47% Traditional ROI: 3.16%
2195 POPLAR Ave #303 Memphis, TN Welcome to effortless living in the heart of Memphis! This beautifully maintained condo of...	1 beds \| 1 baths \| 771 sq.ft.	$145,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 5.14% Airbnb Rental Income: $605 Traditional Rental Income: $1054 Airbnb ROI: -0.18% Traditional ROI: 5.14%
2293 JACKSON Ave Memphis, TN If you're looking for a 3 bedroom, 2 bathroom home in midtown with a HUGE backyard--at a g...	3 beds \| 2 baths \| 1,556 sq.ft.	$214,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 4.76% Airbnb Rental Income: $1280 Traditional Rental Income: $1420 Airbnb ROI: 2.09% Traditional ROI: 4.76%
1229 S PERKINS Rd Memphis, TN Recently updated 3 BR. with gorgeous hardwoods throughout in sought after Colonial Acres i...	3 beds \| 1 baths \| 1,397 sq.ft.	$199,999	Airbnb cash on cash: 1.26% Traditional cash on cash: 7.02% Airbnb Rental Income: $998 Traditional Rental Income: $1736 Airbnb ROI: 1.26% Traditional ROI: 7.02%
505 TENNESSEE St #118 Memphis, TN 2 bd 1 bath condo offering 1900 sf. Tri-level unit blends warehouse charm with modern reno...	2 beds \| 1 baths \| 1,914 sq.ft.	$349,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.44% Airbnb Rental Income: $929 Traditional Rental Income: $1466 Airbnb ROI: -0.24% Traditional ROI: 2.44%
1044 BRUCE St Memphis, TN BRAND NEW 40 YEAR ROOF!!! This is one of the rarest finds in Cooper-Young. This house has ...	2 beds \| 1 baths \| 1,192 sq.ft.	$285,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.78% Airbnb Rental Income: $753 Traditional Rental Income: $1507 Airbnb ROI: -0.2% Traditional ROI: 3.78%
2751 NATCHEZ Ln Memphis, TN This is a must see...Really nice 3 Bedroom 1 Bath home in Humes Heights, just west of Chic...	3 beds \| 1 baths \| 1,149 sq.ft.	$239,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 3.83% Airbnb Rental Income: $1280 Traditional Rental Income: $1336 Airbnb ROI: 1.8% Traditional ROI: 3.83%
1002 S WILLETT St Memphis, TN Don't miss this beautiful home situated in the city's medical district this is a Gem!	3 beds \| 2 baths \| 1,174 sq.ft.	$205,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 5.25% Airbnb Rental Income: $1280 Traditional Rental Income: $1347 Airbnb ROI: 2.83% Traditional ROI: 5.25%
371 W CHERRY Cir Memphis, TN Fabulous custom gated home in Belle Meade with luxury details throughout! Perfect for ente...	4 beds \| 5 baths \| 5,271 sq.ft.	$960,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 0.95% Airbnb Rental Income: $2425 Traditional Rental Income: $2502 Airbnb ROI: 0.2% Traditional ROI: 0.95%
3593 SOUTHWOOD Ave Memphis, TN Welcome home to this rare find in the highly desirable High Point Terrace neighborhood! Of...	4 beds \| 2 baths \| 1,943 sq.ft.	$349,900	Airbnb cash on cash: 3.61% Traditional cash on cash: 4.8% Airbnb Rental Income: $2425 Traditional Rental Income: $2222 Airbnb ROI: 3.61% Traditional ROI: 4.8%
3080 WALNUT GROVE Rd #107 Memphis, TN Located in the heart of the city just minutes from universities, Overton Square, Cooper-Yo...	2 beds \| 2 baths \| 1,044 sq.ft.	$157,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 9.34% Airbnb Rental Income: $753 Traditional Rental Income: $1725 Airbnb ROI: 0.77% Traditional ROI: 9.34%
8417 W ASKERSUND Cv Memphis, TN Come experience this beautifully updated 4-bedroom, 2.5-bath home tucked away in a quiet c...	4 beds \| 3 baths \| 2,493 sq.ft.	$339,900	Airbnb cash on cash: 2.06% Traditional cash on cash: 6.78% Airbnb Rental Income: $1746 Traditional Rental Income: $2775 Airbnb ROI: 2.06% Traditional ROI: 6.78%
3070 GUERNSEY Ave Memphis, TN Renovated rental property with an active lease in place. Currently leased at $1,275 with a...	3 beds \| 1 baths \| 1,412 sq.ft.	$176,890	Airbnb cash on cash: 2.19% Traditional cash on cash: 6.56% Airbnb Rental Income: $1032 Traditional Rental Income: $1406 Airbnb ROI: 2.19% Traditional ROI: 6.56%
1372 ISLAND TOWN Dr Memphis, TN 1372 Island Town Dr, Memphis, TN \| Harbor Town on Mud Island 4-bedroom, 2.5-bath home with...	4 beds \| 3 baths \| 2,586 sq.ft.	$420,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.35% Airbnb Rental Income: $2272 Traditional Rental Income: $2556 Airbnb ROI: 2.19% Traditional ROI: 4.35%
3592 COWDEN Ave Memphis, TN Welcome to this charming East Memphis home near the Univ of Memphis, w/ easy access to sho...	3 beds \| 2 baths \| 1,800 sq.ft.	$300,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.8% Airbnb Rental Income: $998 Traditional Rental Income: $1915 Airbnb ROI: 0.3% Traditional ROI: 4.8%
4880 PRINCETON Rd Memphis, TN Adorable 3bed/2bath home located in the heart of East Memphis on an oversized lot- conveni...	3 beds \| 2 baths \| 2,387 sq.ft.	$449,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.63% Airbnb Rental Income: $1032 Traditional Rental Income: $1939 Airbnb ROI: -0.38% Traditional ROI: 2.63%
344 CHUCKWOOD Rd Memphis, TN Corner lot curb appeal and fantastic neighbors! 2100 sqft spread throughout the downstairs...	3 beds \| 3 baths \| 2,100 sq.ft.	$368,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 5.19% Airbnb Rental Income: $998 Traditional Rental Income: $2457 Airbnb ROI: -0.07% Traditional ROI: 5.19%
1556 COURT Ave Memphis, TN Beautifully updated 4 BR/2.5 BA home in a prime Midtown location-just minutes from Crossto...	4 beds \| 3 baths \| 2,633 sq.ft.	$349,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 6.83% Airbnb Rental Income: $1600 Traditional Rental Income: $2906 Airbnb ROI: 1.47% Traditional ROI: 6.83%
3379 CANYON Rd Memphis, TN Great home with several updates. New HVAC installed in 2023, recently renovated bathrooms ...	3 beds \| 2 baths \| 1,302 sq.ft.	$223,799	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.59% Airbnb Rental Income: $908 Traditional Rental Income: $1628 Airbnb ROI: 0.59% Traditional ROI: 5.59%
4951 FLAMINGO Rd Memphis, TN Adorable dollhouse-style home full of charm and character! This 3 bedroom, 1.5 bath home f...	3 beds \| 2 baths \| 1,059 sq.ft.	$215,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 7.2% Airbnb Rental Income: $998 Traditional Rental Income: $1874 Airbnb ROI: 1.15% Traditional ROI: 7.2%
4120 VILLAGE Rd Memphis, TN Charming opportunity to live in The Village with incredible character and thoughtful updat...	3 beds \| 2 baths \| 1,944 sq.ft.	$369,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.4% Airbnb Rental Income: $998 Traditional Rental Income: $1829 Airbnb ROI: -0.01% Traditional ROI: 3.4%
643 N WILLETT St Memphis, TN REDUCED!! Fabulous Floorplan with upgrades thru out in this gorgeous 2 bedroom 1 bath in V...	2 beds \| 1 baths \| 1,501 sq.ft.	$154,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 5.7% Airbnb Rental Income: $753 Traditional Rental Income: $1265 Airbnb ROI: 0.12% Traditional ROI: 5.7%
333 WINTER OAK Ln Memphis, TN This exceptional one-story contemporary custom home, built in 1994, designed by Stan Topel...	3 beds \| 7 baths \| 9,507 sq.ft.	$1,897,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.34% Airbnb Rental Income: $1473 Traditional Rental Income: $3440 Airbnb ROI: -1.03% Traditional ROI: 0.34%
357 ANGELUS St Memphis, TN Located in beautiful Evergreen Historical neighborhood- quiet and lovely- neighbors keep u...	4 beds \| 3 baths \| 2,792 sq.ft.	$455,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 4.38% Airbnb Rental Income: $1600 Traditional Rental Income: $2733 Airbnb ROI: 0.65% Traditional ROI: 4.38%
331 ALEXANDER St Memphis, TN Charming, updated cottage home with open concept and bright finishes throughout. Hardwood ...	3 beds \| 2 baths \| 1,681 sq.ft.	$299,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.54% Airbnb Rental Income: $998 Traditional Rental Income: $1845 Airbnb ROI: 0.27% Traditional ROI: 4.54%
5528 GINNERS Dr Memphis, TN Clean, move-in ready 2 bedroom, 2 bath home with a functional and comfortable layout. Low-...	2 beds \| 2 baths \| 1,028 sq.ft.	$164,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 8.37% Airbnb Rental Income: $505 Traditional Rental Income: $1630 Airbnb ROI: -0.52% Traditional ROI: 8.37%
2371 PARKWAY Pl Memphis, TN Enjoy peace of mind with a brand-new roof backed by a 15-year warranty in this classic Cra...	3 beds \| 2 baths \| 2,100 sq.ft.	$224,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.83% Airbnb Rental Income: $1280 Traditional Rental Income: $1945 Airbnb ROI: 1.82% Traditional ROI: 6.83%
8750 PLAYERS Fwy Memphis, TN In the GATED & GUARDED neighborhood of Southwind, home of the Fedex St.Jude World Cup Cham...	4 beds \| 9 baths \| 9,284 sq.ft.	$1,850,000	Airbnb cash on cash: -1.76% Traditional cash on cash: 1.4% Airbnb Rental Income: $1803 Traditional Rental Income: $6737 Airbnb ROI: -1.76% Traditional ROI: 1.4%
2259 VINTON Dr Memphis, TN All the charm of a midtown beauty with none of the nearly century-old maintenance! This ad...	3 beds \| 2 baths \| 1,811 sq.ft.	$350,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 3.83% Airbnb Rental Income: $1280 Traditional Rental Income: $1908 Airbnb ROI: 0.7% Traditional ROI: 3.83%
3529 MARION Ave Memphis, TN Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort...	2 beds \| 1 baths \| 912 sq.ft.	$155,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 6.25% Airbnb Rental Income: $892 Traditional Rental Income: $1261 Airbnb ROI: 1.48% Traditional ROI: 6.25%
724 CENTER Dr Memphis, TN tenants do not disturb - Lovely home in this secluded hidden neighborhood within a stone's...	5 beds \| 3 baths \| 2,815 sq.ft.	$439,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 5.53% Airbnb Rental Income: $2809 Traditional Rental Income: $3038 Airbnb ROI: 3.37% Traditional ROI: 5.53%
505 TENNESSEE St #208 Memphis, TN Experience true loft living in the heart of South Main Arts District at one of downtown Me...	1 beds \| 1 baths \| 1,681 sq.ft.	$329,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 2.13% Airbnb Rental Income: $504 Traditional Rental Income: $1297 Airbnb ROI: -1.31% Traditional ROI: 2.13%
8691 CEDAR FARMS Dr Memphis, TN Located in the desirable Riverwood Farms Phase II community, 8691 Cedar Farms Drive combin...	4 beds \| 2 baths \| 2,238 sq.ft.	$324,900	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.11% Airbnb Rental Income: $1746 Traditional Rental Income: $2156 Airbnb ROI: 2.19% Traditional ROI: 5.11%
260 S FENWICK Rd Memphis, TN Private location in Chickasaw Gardens. Discover the perfect blend of modern elegance and t...	4 beds \| 3 baths \| 3,230 sq.ft.	$575,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.28% Airbnb Rental Income: $1600 Traditional Rental Income: $2715 Airbnb ROI: 0.35% Traditional ROI: 3.28%
1839 LANIER Ln Memphis, TN Charming 3-bedroom, 2-bath home located in a quiet, established neighborhood of East Memph...	3 beds \| 2 baths \| 1,501 sq.ft.	$160,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 9.4% Airbnb Rental Income: $998 Traditional Rental Income: $1793 Airbnb ROI: 1.87% Traditional ROI: 9.4%

Real Estate investment in Memphis, TN

There are 1,383 properties for sale in the city of Memphis . The median list price in Memphis is $197,898 and the average price per square foot is $106. In June 2026, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,670.

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

There are 1,383 investment properties available for sale in Memphis.

In 2026, the best neighborhood to buy investment property is Shelby Forest-Frayser.

The ROI for Long-Term is higher than the Short-Term in Memphis with average rental income of $1,670.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

1450 WALTON Rd

Memphis, TN

2 beds | 1 baths | 1,059 sq.ft.

$219,900

Airbnb cash on cash: 0.53%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $892

Traditional Rental Income: $1554

Airbnb ROI: 0.53%

Traditional ROI: 5.33%

505 EASTBOURNE Pl

Memphis, TN

4 beds | 2 baths | 2,306 sq.ft.

$349,900

Airbnb cash on cash: 3.66%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $2425

Traditional Rental Income: $2167

Airbnb ROI: 3.66%

Traditional ROI: 4.68%

3889 BIRCHMEADOW Cv

Memphis, TN

3 beds | 2 baths | 1,365 sq.ft.

$170,000

Airbnb cash on cash: 5.98%

Traditional cash on cash: 9.05%

Airbnb Rental Income: $1808

Traditional Rental Income: $1816

Airbnb ROI: 5.98%

Traditional ROI: 9.05%

66 MONROE Ave #504

Memphis, TN

1 beds | 1 baths | 811 sq.ft.

$180,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $504

Traditional Rental Income: $1085

Airbnb ROI: -0.87%

Traditional ROI: 4.11%

5336 ROLLING OAKS Dr

Memphis, TN

4 beds | 2 baths | 1,800 sq.ft.

$335,000

Airbnb cash on cash: 2.81%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $2026

Traditional Rental Income: $2286

Airbnb ROI: 2.81%

Traditional ROI: 5.31%

648 RIVERSIDE Dr #207

Memphis, TN

2 beds | 2 baths | 1,314 sq.ft.

$237,500

Airbnb cash on cash: 0.47%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $929

Traditional Rental Income: $1188

Airbnb ROI: 0.47%

Traditional ROI: 3.16%

2195 POPLAR Ave #303

Memphis, TN

1 beds | 1 baths | 771 sq.ft.

$145,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $605

Traditional Rental Income: $1054

Airbnb ROI: -0.18%

Traditional ROI: 5.14%

2293 JACKSON Ave

Memphis, TN

3 beds | 2 baths | 1,556 sq.ft.

$214,000

Airbnb cash on cash: 2.09%

Traditional cash on cash: 4.76%

Airbnb Rental Income: $1280

Traditional Rental Income: $1420

Airbnb ROI: 2.09%