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
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: 3.78% Traditional cash on cash: 4.68% Airbnb Rental Income: $2473 Traditional Rental Income: $2167 Airbnb ROI: 3.78% 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: 4.92% Traditional cash on cash: 9.05% Airbnb Rental Income: $1601 Traditional Rental Income: $1816 Airbnb ROI: 4.92% Traditional ROI: 9.05%
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: N/A Traditional cash on cash: 5.31% Airbnb Rental Income: $null Traditional Rental Income: $2286 Airbnb ROI: N/A Traditional ROI: 5.31%
1458 ISLAND TOWN Cv Memphis, TN Enjoy flexible living in sought-after Harbor Town! This home features hardwood floors, new...	3 beds \| 2 baths \| 1,647 sq.ft.	$363,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 3.56% Airbnb Rental Income: $1966 Traditional Rental Income: $1858 Airbnb ROI: 2.36% Traditional ROI: 3.56%
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.	$130,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 5.82% Airbnb Rental Income: $894 Traditional Rental Income: $1054 Airbnb ROI: 1.84% Traditional ROI: 5.82%
1519 S WHITE STATION Rd Memphis, TN Fresh paint! Move in ready! 3/2 in the heart of Colonial Acres. Great blank canvas to make...	3 beds \| 2 baths \| 1,092 sq.ft.	$169,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 5.31% Airbnb Rental Income: $1880 Traditional Rental Income: $1209 Airbnb ROI: 6.36% Traditional ROI: 5.31%
1621 VERA CRUZ St Memphis, TN MOVE-IN READY! Beautifully renovated 3-bedroom, 2-bath home located in sought-after Coloni...	3 beds \| 2 baths \| 1,544 sq.ft.	$249,900	Airbnb cash on cash: 3.53% Traditional cash on cash: 5.86% Airbnb Rental Income: $1880 Traditional Rental Income: $1928 Airbnb ROI: 3.53% Traditional ROI: 5.86%
4514 VERNE Rd Memphis, TN Welcome to this Charming 3-bedroom 1-bath home in the established Colonial Acres neighborh...	3 beds \| 1 baths \| 1,263 sq.ft.	$248,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 4.54% Airbnb Rental Income: $1880 Traditional Rental Income: $1532 Airbnb ROI: 3.88% Traditional ROI: 4.54%
1077 WELLSVILLE Rd Memphis, TN MUST SEE this unbelievable renovation of a previous fire damaged home. New insulation, she...	3 beds \| 2 baths \| 1,455 sq.ft.	$250,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 2.73% Airbnb Rental Income: $1880 Traditional Rental Income: $1111 Airbnb ROI: 3.86% Traditional ROI: 2.73%
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.	$194,900	Airbnb cash on cash: 5.29% Traditional cash on cash: 7.22% Airbnb Rental Income: $1880 Traditional Rental Income: $1736 Airbnb ROI: 5.29% Traditional ROI: 7.22%
8311 WALNUT GROVE Rd Memphis, TN Welcome to 8311 Walnut Grove Rd! This 3-bedroom, 2.5-bath home offers a functional layout ...	3 beds \| 3 baths \| 2,143 sq.ft.	$279,900	Airbnb cash on cash: 3.88% Traditional cash on cash: 6.76% Airbnb Rental Income: $2086 Traditional Rental Income: $2310 Airbnb ROI: 3.88% Traditional ROI: 6.76%
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: 1.59% Traditional cash on cash: 2.54% Airbnb Rental Income: $1620 Traditional Rental Income: $1466 Airbnb ROI: 1.59% Traditional ROI: 2.54%
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.	$215,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 4.36% Airbnb Rental Income: $1602 Traditional Rental Income: $1336 Airbnb ROI: 3.43% Traditional ROI: 4.36%
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.	$930,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 1.01% Airbnb Rental Income: $2473 Traditional Rental Income: $2502 Airbnb ROI: 0.28% Traditional ROI: 1.01%
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: 3.92% Traditional cash on cash: 6.56% Airbnb Rental Income: $1381 Traditional Rental Income: $1406 Airbnb ROI: 3.92% Traditional ROI: 6.56%
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.	$334,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 7.18% Airbnb Rental Income: $1895 Traditional Rental Income: $2906 Airbnb ROI: 2.36% Traditional ROI: 7.18%
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.	$207,800	Airbnb cash on cash: 2.63% Traditional cash on cash: 6.09% Airbnb Rental Income: $1363 Traditional Rental Income: $1628 Airbnb ROI: 2.63% Traditional ROI: 6.09%
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.	$1,847,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.37% Airbnb Rental Income: $null Traditional Rental Income: $3440 Airbnb ROI: N/A Traditional ROI: 0.37%
3654 KEARNEY Ave Memphis, TN ?Awesome East Memphis Duplex for sale! Both sides rented ($850/mo.) Very close to the Univ...	4 beds \| 2 baths \| 1,536 sq.ft.	$175,000	Airbnb cash on cash: 8.8% Traditional cash on cash: 11.03% Airbnb Rental Income: $2473 Traditional Rental Income: $2243 Airbnb ROI: 8.8% Traditional ROI: 11.03%
2371 PARKWAY Pl Memphis, TN This Midtown Craftsman home blends beautiful character, original hardwood floors and sun-f...	3 beds \| 2 baths \| 2,100 sq.ft.	$209,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 7.38% Airbnb Rental Income: $1602 Traditional Rental Income: $1945 Airbnb ROI: 3.36% Traditional ROI: 7.38%
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: 0.55% Traditional cash on cash: 3.02% Airbnb Rental Income: $1895 Traditional Rental Income: $2715 Airbnb ROI: 0.55% Traditional ROI: 3.02%
873 N MCNEIL St Memphis, TN Come check out this wonderful, charming, and cozy home in the historic Vollintine Evergeen...	3 beds \| 1 baths \| 1,353 sq.ft.	$157,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 8.71% Airbnb Rental Income: $1602 Traditional Rental Income: $1634 Airbnb ROI: 5.46% Traditional ROI: 8.71%
480 FRIARS POINT Ln Memphis, TN MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-...	3 beds \| 3 baths \| 1,741 sq.ft.	$225,000	Airbnb cash on cash: 5.07% Traditional cash on cash: 8.83% Airbnb Rental Income: $2086 Traditional Rental Income: $2350 Airbnb ROI: 5.07% Traditional ROI: 8.83%
1577 COURT Ave Memphis, TN Prime Midtown triplex - live in one, rent the other two! Located at 1577 Court Ave, this i...	N/A beds \| N/A baths \| 3,408 sq.ft.	$374,500	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.39% Airbnb Rental Income: $743 Traditional Rental Income: $1176 Airbnb ROI: -0.73% Traditional ROI: 1.39%
1197 MISTY ISLE Dr Memphis, TN LIVE,WORK & PLAY...in your neighborhood!! Comfort, style, & functionality come together in...	2 beds \| 2 baths \| 1,201 sq.ft.	$314,990	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.26% Airbnb Rental Income: $1620 Traditional Rental Income: $1848 Airbnb ROI: 1.94% Traditional ROI: 4.26%
3965 CANTERBURY Dr Memphis, TN Renovated rental property with an active lease in place. Currently leased at $700 month to...	2 beds \| 1 baths \| 961 sq.ft.	$136,990	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.69% Airbnb Rental Income: $882 Traditional Rental Income: $897 Airbnb ROI: 2.02% Traditional ROI: 4.69%
4154 ARROWHEAD Rd Memphis, TN Renovated rental property with an active lease in place. Currently leased at $835 month to...	3 beds \| 2 baths \| 1,758 sq.ft.	$180,880	Airbnb cash on cash: 6.12% Traditional cash on cash: 8.3% Airbnb Rental Income: $1922 Traditional Rental Income: $1788 Airbnb ROI: 6.12% Traditional ROI: 8.3%
3076 DEE ANN Dr Memphis, TN TWO PRIMARY SUITES-including one on the main level-give this spacious Roseleigh home a fle...	4 beds \| 4 baths \| 3,255 sq.ft.	$400,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.02% Airbnb Rental Income: $2487 Traditional Rental Income: $2197 Airbnb ROI: 3.19% Traditional ROI: 4.02%
2124 JEFFERSON Ave Memphis, TN Sleek and contemporary living an easy walk to so much that midtown is loved for! Newer Con...	2 beds \| 3 baths \| 1,736 sq.ft.	$395,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.32% Airbnb Rental Income: $1168 Traditional Rental Income: $2316 Airbnb ROI: 0.18% Traditional ROI: 4.32%
66 MONROE Ave #405 Memphis, TN Live it up in the heart of Downtown Memphis in the beautifully converted Shrine Building! ...	1 beds \| 1 baths \| 693 sq.ft.	$120,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 6.1% Airbnb Rental Income: $885 Traditional Rental Income: $1035 Airbnb ROI: 1.89% Traditional ROI: 6.1%
1825 FOSTER Ave Memphis, TN Welcome to this beautifully updated 1920 Craftsman-style bungalow where historic charm mee...	3 beds \| 3 baths \| 2,809 sq.ft.	$269,900	Airbnb cash on cash: 2.43% Traditional cash on cash: 7.86% Airbnb Rental Income: $1602 Traditional Rental Income: $2528 Airbnb ROI: 2.43% Traditional ROI: 7.86%
5242 BOSWELL Ave Memphis, TN Located in a super convenient spot on the outskirts of East Memphis!! Refinished hardwoods...	3 beds \| 3 baths \| 1,963 sq.ft.	$320,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 6.17% Airbnb Rental Income: $1381 Traditional Rental Income: $2406 Airbnb ROI: 1.37% Traditional ROI: 6.17%
1905 SIERRA St Memphis, TN Renovated rental property with an active lease in place. Currently leased at $1,195 with a...	3 beds \| 1 baths \| 1,400 sq.ft.	$170,240	Airbnb cash on cash: 4.01% Traditional cash on cash: 5.59% Airbnb Rental Income: $1381 Traditional Rental Income: $1218 Airbnb ROI: 4.01% Traditional ROI: 5.59%
1163 GORDON St Memphis, TN Renovated rental property with an active lease in place. Currently leased at $1,100 month ...	3 beds \| 2 baths \| 1,862 sq.ft.	$184,870	Airbnb cash on cash: 3.59% Traditional cash on cash: 6.34% Airbnb Rental Income: $1381 Traditional Rental Income: $1445 Airbnb ROI: 3.59% Traditional ROI: 6.34%
4931 PRINCETON GROVE Cv Memphis, TN SELLER OFFER either/or: 2-1 rate buy down or 3% buyers closing costs. Luxury without the p...	4 beds \| 3 baths \| 3,343 sq.ft.	$450,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.43% Airbnb Rental Income: $2014 Traditional Rental Income: $2916 Airbnb ROI: 1.05% Traditional ROI: 4.43%
1290 ISLE POINTE Dr Memphis, TN Fantastic Home overlooking large and open green space. Wonderful renovation. Knockout Kitc...	3 beds \| 3 baths \| 1,687 sq.ft.	$405,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 4.06% Airbnb Rental Income: $1840 Traditional Rental Income: $2351 Airbnb ROI: 1.41% Traditional ROI: 4.06%
18 S ALICIA Dr Memphis, TN Move-in ready home! Offering great value for a single buyer, family, or roommate setup. Ne...	3 beds \| 1 baths \| 1,368 sq.ft.	$249,500	Airbnb cash on cash: 2.76% Traditional cash on cash: 4.43% Airbnb Rental Income: $1602 Traditional Rental Income: $1540 Airbnb ROI: 2.76% Traditional ROI: 4.43%
425 S REESE St Memphis, TN WELCOME HOME! This home is the perfect home for you and your family. This home is well mai...	4 beds \| 2 baths \| 1,905 sq.ft.	$359,900	Airbnb cash on cash: 3.56% Traditional cash on cash: 4.85% Airbnb Rental Income: $2473 Traditional Rental Income: $2309 Airbnb ROI: 3.56% Traditional ROI: 4.85%
488 W REGIS Pl Memphis, TN Welcome to 488 W Regis Pl, a charming 4-bedroom, 2.5-bathroom home nestled in Cordova, TN ...	4 beds \| 3 baths \| 2,259 sq.ft.	$317,500	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.51% Airbnb Rental Income: $1798 Traditional Rental Income: $1927 Airbnb ROI: 2.45% Traditional ROI: 4.51%
3408 POWELL Ave Memphis, TN Renovated rental property with an active lease in place. Currently leased at $1,100 month ...	2 beds \| 2 baths \| 1,263 sq.ft.	$162,260	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.4% Airbnb Rental Income: $882 Traditional Rental Income: $981 Airbnb ROI: 1.59% Traditional ROI: 4.4%

Real Estate investment in Memphis, TN

There are 1,447 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 $114. In November 2026, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,699.

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

There are 1,447 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 $1,699.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

505 EASTBOURNE Pl

Memphis, TN

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

$349,900

Airbnb cash on cash: 3.78%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $2473

Traditional Rental Income: $2167

Airbnb ROI: 3.78%

Traditional ROI: 4.68%

3889 BIRCHMEADOW Cv

Memphis, TN

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

$170,000

Airbnb cash on cash: 4.92%

Traditional cash on cash: 9.05%

Airbnb Rental Income: $1601

Traditional Rental Income: $1816

Airbnb ROI: 4.92%

Traditional ROI: 9.05%

5336 ROLLING OAKS Dr

Memphis, TN

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

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2286

Airbnb ROI: N/A

Traditional ROI: 5.31%

1458 ISLAND TOWN Cv

Memphis, TN

3 beds | 2 baths | 1,647 sq.ft.

$363,000

Airbnb cash on cash: 2.36%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $1966

Traditional Rental Income: $1858

Airbnb ROI: 2.36%

Traditional ROI: 3.56%

2195 POPLAR Ave #303

Memphis, TN

1 beds | 1 baths | 771 sq.ft.

$130,000

Airbnb cash on cash: 1.84%

Traditional cash on cash: 5.82%

Airbnb Rental Income: $894

Traditional Rental Income: $1054

Airbnb ROI: 1.84%

Traditional ROI: 5.82%

1519 S WHITE STATION Rd

Memphis, TN

3 beds | 2 baths | 1,092 sq.ft.

$169,000

Airbnb cash on cash: 6.36%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1880

Traditional Rental Income: $1209

Airbnb ROI: 6.36%

Traditional ROI: 5.31%

1621 VERA CRUZ St

Memphis, TN

3 beds | 2 baths | 1,544 sq.ft.

$249,900

Airbnb cash on cash: 3.53%

Traditional cash on cash: 5.86%

Airbnb Rental Income: $1880

Traditional Rental Income: $1928

Airbnb ROI: 3.53%

Traditional ROI: 5.86%

4514 VERNE Rd

Memphis, TN

3 beds | 1 baths | 1,263 sq.ft.

$248,000

Airbnb cash on cash: 3.88%

Traditional cash on cash: 4.54%

Airbnb Rental Income: $1880

Traditional Rental Income: $1532

Airbnb ROI: 3.88%