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.	$205,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 5.35% Airbnb Rental Income: $909 Traditional Rental Income: $1554 Airbnb ROI: 0.6% Traditional ROI: 5.35%
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: 4.24% Traditional cash on cash: 4.68% Airbnb Rental Income: $2653 Traditional Rental Income: $2167 Airbnb ROI: 4.24% 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: 2.64% Traditional cash on cash: 9.05% Airbnb Rental Income: $1158 Traditional Rental Income: $1816 Airbnb ROI: 2.64% 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.	$170,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 4.11% Airbnb Rental Income: $600 Traditional Rental Income: $1085 Airbnb ROI: -0.4% 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: 3.27% Traditional cash on cash: 5.31% Airbnb Rental Income: $2199 Traditional Rental Income: $2286 Airbnb ROI: 3.27% 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: 1.55% Traditional cash on cash: 3.16% Airbnb Rental Income: $1218 Traditional Rental Income: $1188 Airbnb ROI: 1.55% 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.	$140,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 5.35% Airbnb Rental Income: $590 Traditional Rental Income: $1054 Airbnb ROI: -0.24% Traditional ROI: 5.35%
77 S Humes St Memphis, TN Charming home in the desirable Humes Heights neighborhood offering timeless character with...	3 beds \| 1 baths \| 1,253 sq.ft.	$247,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 4.26% Airbnb Rental Income: $1331 Traditional Rental Income: $1477 Airbnb ROI: 1.9% Traditional ROI: 4.26%
2293 JACKSON Ave Memphis, TN MOTIVATED SELLER. If you're looking for a 3 bedroom, 2 bathroom home in midtown with a HUG...	3 beds \| 2 baths \| 1,556 sq.ft.	$200,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 5.15% Airbnb Rental Income: $1331 Traditional Rental Income: $1420 Airbnb ROI: 2.52% Traditional ROI: 5.15%
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.	$197,500	Airbnb cash on cash: 2.68% Traditional cash on cash: 7.02% Airbnb Rental Income: $1322 Traditional Rental Income: $1736 Airbnb ROI: 2.68% Traditional ROI: 7.02%
1931 Manila Ave Memphis, TN Welcome to this nice 3/4 bedroom home with lots of hard wood throughout. Big greatroom (17...	4 beds \| 1 baths \| 1,316 sq.ft.	$180,000	Airbnb cash on cash: 4.35% Traditional cash on cash: 8.21% Airbnb Rental Income: $1599 Traditional Rental Income: $1823 Airbnb ROI: 4.35% Traditional ROI: 8.21%
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.	$339,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.44% Airbnb Rental Income: $1218 Traditional Rental Income: $1466 Airbnb ROI: 0.49% Traditional ROI: 2.44%
92 S Main St #307 Memphis, TN Experience the best of Downtown Memphis living in this move-in ready 1-bedroom, 1.5-bath c...	1 beds \| 1 baths \| 844 sq.ft.	$159,500	Airbnb cash on cash: -0.44% Traditional cash on cash: 7.21% Airbnb Rental Income: $600 Traditional Rental Income: $1476 Airbnb ROI: -0.44% Traditional ROI: 7.21%
665 Tennessee St #307 Memphis, TN Welcome home to this beautifully updated 1-bedroom, 1-bath condo located in the heart of t...	1 beds \| 1 baths \| 768 sq.ft.	$170,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 6.13% Airbnb Rental Income: $600 Traditional Rental Income: $1378 Airbnb ROI: -0.45% Traditional ROI: 6.13%
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: -0.33% Traditional cash on cash: 3.78% Airbnb Rental Income: $712 Traditional Rental Income: $1507 Airbnb ROI: -0.33% 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: 1.99% Traditional cash on cash: 3.83% Airbnb Rental Income: $1331 Traditional Rental Income: $1336 Airbnb ROI: 1.99% 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: 3.05% Traditional cash on cash: 5.25% Airbnb Rental Income: $1331 Traditional Rental Income: $1347 Airbnb ROI: 3.05% 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 \| 3 baths \| 5,271 sq.ft.	$960,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 0.95% Airbnb Rental Income: $2653 Traditional Rental Income: $2502 Airbnb ROI: 0.41% 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.	$349,000	Airbnb cash on cash: 4.2% Traditional cash on cash: 4.81% Airbnb Rental Income: $2653 Traditional Rental Income: $2222 Airbnb ROI: 4.2% Traditional ROI: 4.81%
3080 Walnut Grove Rd #107 Memphis, TN More living, less maintenance minutes from Overton Square, Cooper-Young, Overton Park Shel...	2 beds \| 2 baths \| 1,044 sq.ft.	$155,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 9.34% Airbnb Rental Income: $712 Traditional Rental Income: $1725 Airbnb ROI: 0.54% Traditional ROI: 9.34%
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: 2.11% Traditional cash on cash: 6.56% Airbnb Rental Income: $1015 Traditional Rental Income: $1406 Airbnb ROI: 2.11% Traditional ROI: 6.56%
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: 1.25% Traditional cash on cash: 4.8% Airbnb Rental Income: $1322 Traditional Rental Income: $1915 Airbnb ROI: 1.25% 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: -0.41% Traditional cash on cash: 2.63% Airbnb Rental Income: $1015 Traditional Rental Income: $1939 Airbnb ROI: -0.41% Traditional ROI: 2.63%
344 Chuckwood Rd Memphis, TN New carpet upstairs, new paint throughout! Two separate living spaces! Corner lot curb app...	3 beds \| 2 baths \| 2,100 sq.ft.	$359,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.34% Airbnb Rental Income: $1322 Traditional Rental Income: $2457 Airbnb ROI: 0.76% Traditional ROI: 5.34%
1556 Court Ave Memphis, TN Beautifully updated 4 BR/2.5 BA home in a prime Midtown location-just minutes from Crossto...	4 beds \| 2 baths \| 2,633 sq.ft.	$344,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 6.83% Airbnb Rental Income: $1599 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.	$217,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 5.63% Airbnb Rental Income: $1152 Traditional Rental Income: $1628 Airbnb ROI: 1.56% Traditional ROI: 5.63%
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: 0.76% Traditional cash on cash: 3.4% Airbnb Rental Income: $1322 Traditional Rental Income: $1829 Airbnb ROI: 0.76% 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.	$134,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 5.91% Airbnb Rental Income: $712 Traditional Rental Income: $1265 Airbnb ROI: -0.09% Traditional ROI: 5.91%
333 Winter Oak Ln Memphis, TN This exceptional one-story contemporary custom home, built in 1994, designed by Stan Topel...	3 beds \| 4 baths \| 9,507 sq.ft.	$1,897,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 0.34% Airbnb Rental Income: $1144 Traditional Rental Income: $3440 Airbnb ROI: -1.18% 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.	$440,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 4.56% Airbnb Rental Income: $1599 Traditional Rental Income: $2733 Airbnb ROI: 0.7% Traditional ROI: 4.56%
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.	$159,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 8.37% Airbnb Rental Income: $672 Traditional Rental Income: $1630 Airbnb ROI: 0.37% 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: 2.02% Traditional cash on cash: 6.83% Airbnb Rental Income: $1331 Traditional Rental Income: $1945 Airbnb ROI: 2.02% 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 \| 6 baths \| 9,284 sq.ft.	$1,850,000	Airbnb cash on cash: -1.89% Traditional cash on cash: 1.4% Airbnb Rental Income: $1530 Traditional Rental Income: $6737 Airbnb ROI: -1.89% Traditional ROI: 1.4%
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.	$149,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 6.49% Airbnb Rental Income: $909 Traditional Rental Income: $1261 Airbnb ROI: 1.66% Traditional ROI: 6.49%
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: 2.97% Traditional cash on cash: 5.53% Airbnb Rental Income: $2612 Traditional Rental Income: $3038 Airbnb ROI: 2.97% 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.	$299,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 2.44% Airbnb Rental Income: $600 Traditional Rental Income: $1297 Airbnb ROI: -1.06% Traditional ROI: 2.44%
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: $1599 Traditional Rental Income: $2715 Airbnb ROI: 0.35% Traditional ROI: 3.28%
1025 S WELLINGTON St Memphis, TN Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5...	N/A beds \| N/A baths \| 3,772 sq.ft.	$299,400	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.07% Airbnb Rental Income: $1027 Traditional Rental Income: $1587 Airbnb ROI: 0.8% Traditional ROI: 4.07%
635 S Front St Memphis, TN Downtown Living at its finest! Beautifully maintained, like new end unit in a gated commun...	3 beds \| 2 baths \| 2,429 sq.ft.	$475,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.41% Airbnb Rental Income: $1598 Traditional Rental Income: $2897 Airbnb ROI: 0.46% Traditional ROI: 4.41%
1577 Court Ave Memphis, TN Prime Midtown triplex - live in one, rent the other two! Located at 1577 Court Ave, this i...	10 beds \| N/A baths \| 3,408 sq.ft.	$374,500	Airbnb cash on cash: -1.13% Traditional cash on cash: 1.39% Airbnb Rental Income: $575 Traditional Rental Income: $1176 Airbnb ROI: -1.13% Traditional ROI: 1.39%

Real Estate investment in Memphis, TN

There are 1,871 properties for sale in the city of Memphis . The median list price in Memphis is $209,774 and the average price per square foot is $112. In August 2026, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,694.

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

There are 1,871 investment properties available for sale in Memphis.

In 2026, 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 $1,694.

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.

$205,000

Airbnb cash on cash: 0.6%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $909

Traditional Rental Income: $1554

Airbnb ROI: 0.6%

Traditional ROI: 5.35%

505 Eastbourne Pl

Memphis, TN

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

$349,900

Airbnb cash on cash: 4.24%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $2653

Traditional Rental Income: $2167

Airbnb ROI: 4.24%

Traditional ROI: 4.68%

3889 Birchmeadow Cv

Memphis, TN

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

$170,000

Airbnb cash on cash: 2.64%

Traditional cash on cash: 9.05%

Airbnb Rental Income: $1158

Traditional Rental Income: $1816

Airbnb ROI: 2.64%

Traditional ROI: 9.05%

66 Monroe Ave #504

Memphis, TN

1 beds | 1 baths | 811 sq.ft.

$170,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $600

Traditional Rental Income: $1085

Airbnb ROI: -0.4%

Traditional ROI: 4.11%

5336 Rolling Oaks Dr

Memphis, TN

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

$335,000

Airbnb cash on cash: 3.27%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $2199

Traditional Rental Income: $2286

Airbnb ROI: 3.27%

Traditional ROI: 5.31%

648 Riverside Dr #207

Memphis, TN

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

$237,500

Airbnb cash on cash: 1.55%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1218

Traditional Rental Income: $1188

Airbnb ROI: 1.55%

Traditional ROI: 3.16%

2195 Poplar Ave #303

Memphis, TN

1 beds | 1 baths | 771 sq.ft.

$140,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $590

Traditional Rental Income: $1054

Airbnb ROI: -0.24%

Traditional ROI: 5.35%

77 S Humes St

Memphis, TN

3 beds | 1 baths | 1,253 sq.ft.

$247,900

Airbnb cash on cash: 1.9%

Traditional cash on cash: 4.26%

Airbnb Rental Income: $1331

Traditional Rental Income: $1477

Airbnb ROI: 1.9%