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 Ave 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 Pl 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	$379,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.68% Airbnb Rental Income: $1964 Traditional Rental Income: $2167 Airbnb ROI: 1.66% Traditional ROI: 3.68%
3889 Birchmeadow Cv Memphis, TN INVESTERS ONLY!!! Hot investment opportunity. Tenant occupied 3bed 2bath home rented at $...	3 beds \| 2 baths \| N/A	$170,000	Airbnb cash on cash: 2.55% Traditional cash on cash: 8.52% Airbnb Rental Income: $1246 Traditional Rental Income: $1816 Airbnb ROI: 2.55% Traditional ROI: 8.52%
540 Ellsworth St Memphis, TN Great new price! Step into this delightful East Buntyn bungalow brimming with warmth and c...	2 beds \| 2 baths \| N/A	$329,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 3.85% Airbnb Rental Income: $808 Traditional Rental Income: $1971 Airbnb ROI: -0.94% Traditional ROI: 3.85%
241 Baronne Pl #24 Memphis, TN Enjoy easy, all-on-one-floor living in this Woodlands home that was JUST beautifully and t...	3 beds \| 2 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%
435 S Front St #105 Memphis, TN 435 S Front St #105, Memphis, TN 38103 \| Condo/Coop	2 beds \| 2 baths \| 1,600 sq.ft.	$279,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.65% Airbnb Rental Income: $1079 Traditional Rental Income: $1505 Airbnb ROI: 0.63% Traditional ROI: 3.65%
680 Harbor Bend Rd #203 Memphis, TN 680 Harbor Bend Rd #203, Memphis, TN 38103 \| Condo/Coop	1 beds \| 1 baths \| 1,000 sq.ft.	$275,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 1.92% Airbnb Rental Income: $451 Traditional Rental Income: $1033 Airbnb ROI: -1.34% Traditional ROI: 1.92%
717 Riverside Dr #904 Memphis, TN 717 Riverside Dr #904, Memphis, TN 38103 \| Condo/Coop	1 beds \| 2 baths \| 1,000 sq.ft.	$377,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 1.83% Airbnb Rental Income: $451 Traditional Rental Income: $1343 Airbnb ROI: -1.44% Traditional ROI: 1.83%
717 Riverside Dr #510 Memphis, TN 717 Riverside Dr #510, Memphis, TN 38103 \| Condo/Coop	2 beds \| 2 baths \| 1,200 sq.ft.	$434,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 1.51% Airbnb Rental Income: $1079 Traditional Rental Income: $1400 Airbnb ROI: -0.19% Traditional ROI: 1.51%
10 N Main St #301 Memphis, TN 10 N Main St #301, Memphis, TN 38103 \| Condo/Coop	2 beds \| 2 baths \| 1,400 sq.ft.	$229,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 3.8% Airbnb Rental Income: $1079 Traditional Rental Income: $1291 Airbnb ROI: 1.13% Traditional ROI: 3.8%
505 Tennessee St #213 Memphis, TN 505 Tennessee St #213, Memphis, TN 38103 \| Condo/Coop	1 beds \| 1 baths \| 1,400 sq.ft.	$300,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 1.26% Airbnb Rental Income: $451 Traditional Rental Income: $932 Airbnb ROI: -1.38% Traditional ROI: 1.26%
380 N Island Dr #314 Memphis, TN 380 N Island Dr #314, Memphis, TN 38103 \| Condo/Coop	2 beds \| 2 baths \| 1,400 sq.ft.	$350,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 3.03% Airbnb Rental Income: $1079 Traditional Rental Income: $1650 Airbnb ROI: 0.17% Traditional ROI: 3.03%
1251 Lamar Ave Memphis, TN 1251 Lamar Ave, Memphis, TN 38104 \| Single Family Residential	3 beds \| 1 baths \| 1,390 sq.ft.	$107,500	Airbnb cash on cash: 1.63% Traditional cash on cash: 9.24% Airbnb Rental Income: $756 Traditional Rental Income: $1234 Airbnb ROI: 1.63% Traditional ROI: 9.24%
2035 Central Ave Memphis, TN 2035 Central Ave, Memphis, TN 38104 \| Single Family Residential	3 beds \| 2 baths \| 3,800 sq.ft.	$399,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 1.71% Airbnb Rental Income: $756 Traditional Rental Income: $1369 Airbnb ROI: -0.77% Traditional ROI: 1.71%
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	$215,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 6.54% Airbnb Rental Income: $756 Traditional Rental Income: $1703 Airbnb ROI: 0.35% Traditional ROI: 6.54%
2293 Jackson Ave Memphis, TN 2293 Jackson Ave, Memphis, TN 38112 \| Single Family Residential	3 beds \| 2 baths \| 1,346 sq.ft.	$240,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 4.14% Airbnb Rental Income: $756 Traditional Rental Income: $1420 Airbnb ROI: -0.17% Traditional ROI: 4.14%
1519 S White Station Rd Memphis, TN With this location, which is right at White Station and Quince, this would make a wonderfu...	3 beds \| 2 baths \| 1,000 sq.ft.	$199,900	Airbnb cash on cash: 3.31% Traditional cash on cash: 4.42% Airbnb Rental Income: $1425 Traditional Rental Income: $1209 Airbnb ROI: 3.31% Traditional ROI: 4.42%
4859 Southern Ave Memphis, TN OPEN HOUSE Friday 1/16 11am-1pm: UPDATED: 3 Bedrooms, 2 Bathrooms. White Station School Di...	3 beds \| 2 baths \| N/A	$260,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 5.25% Airbnb Rental Income: $1425 Traditional Rental Income: $1869 Airbnb ROI: 1.7% Traditional ROI: 5.25%
1592 W Southfield Cir #52 Memphis, TN 1592 W Southfield Cir #52, Memphis, TN 38016 \| Condo/Coop	2 beds \| 2 baths \| 1,600 sq.ft.	$275,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 5.64% Airbnb Rental Income: $1148 Traditional Rental Income: $1998 Airbnb ROI: 0.9% Traditional ROI: 5.64%
485 N Sixth St Memphis, TN 485 N Sixth St, Memphis, TN 38105 \| Single Family Residential	3 beds \| 2 baths \| N/A	$255,000	Airbnb cash on cash: 2% Traditional cash on cash: 3.49% Airbnb Rental Income: $1410 Traditional Rental Income: $1343 Airbnb ROI: 2% Traditional ROI: 3.49%
668 Spring St Memphis, TN 668 Spring St, Memphis, TN 38112 \| Single Family Residential	3 beds \| 1 baths \| N/A	$120,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 6.74% Airbnb Rental Income: $756 Traditional Rental Income: $1071 Airbnb ROI: 1.3% Traditional ROI: 6.74%
1002 S Willett St Memphis, TN 1002 S Willett St, Memphis, TN 38114 \| Single Family Residential	3 beds \| 2 baths \| N/A	$215,000	Airbnb cash on cash: 0% Traditional cash on cash: 4.45% Airbnb Rental Income: $756 Traditional Rental Income: $1347 Airbnb ROI: 0% Traditional ROI: 4.45%
1459 W Flamingo Rd Memphis, TN Absolutely wonderful bath renovation in this cute 2 bedroom, 1 bath home. Kitchen cabinets...	2 beds \| 1 baths \| 1,000 sq.ft.	$149,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.9% Airbnb Rental Income: $808 Traditional Rental Income: $893 Airbnb ROI: 1.04% Traditional ROI: 3.9%
371 W Cherry Cir Memphis, TN 371 W Cherry Cir, Memphis, TN 38117 \| Single Family Residential	4 beds \| 3 baths \| 5,000 sq.ft.	$1,080,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 0.69% Airbnb Rental Income: $1964 Traditional Rental Income: $2502 Airbnb ROI: -0.36% Traditional ROI: 0.69%
754 Valleybrook Dr Memphis, TN 754 Valleybrook Dr, Memphis, TN 38120 \| Single Family Residential	4 beds \| 3 baths \| N/A	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.9% Airbnb Rental Income: $null Traditional Rental Income: $2279 Airbnb ROI: N/A Traditional ROI: 1.9%
4173 COTTONWOOD Memphis, TN Great Occupied investment Opportunity! This property is currently occupied by a tenant who...	3 beds \| 1 baths \| N/A	$119,500	Airbnb cash on cash: 5.04% Traditional cash on cash: 9.3% Airbnb Rental Income: $1369 Traditional Rental Income: $1443 Airbnb ROI: 5.04% Traditional ROI: 9.3%
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	$1,080,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 2.38% Airbnb Rental Income: $1964 Traditional Rental Income: $4789 Airbnb ROI: -0.94% Traditional ROI: 2.38%
1810 Cedarhurst Ave Memphis, TN Incredible Home for Sale â 2 Bedrooms, 1 Bathroom This incredible home for sale feature...	2 beds \| 1 baths \| N/A	$110,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 9.49% Airbnb Rental Income: $996 Traditional Rental Income: $1283 Airbnb ROI: 3.46% Traditional ROI: 9.49%
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%
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 \| N/A	$176,890	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.35% Airbnb Rental Income: $855 Traditional Rental Income: $1406 Airbnb ROI: 1.11% Traditional ROI: 6.35%
3446 Fox Meadows Rd Memphis, TN Beautiful Brick Home in Great Fox Meadows 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 Dr Memphis, TN BACK ON MARKET! This classic 1940 East Memphis cottage in Red Acres has been transformed o...	4 beds \| 3 baths \| N/A	$879,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 2.15% Airbnb Rental Income: $1964 Traditional Rental Income: $3807 Airbnb ROI: -0.74% Traditional ROI: 2.15%
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 Rd Memphis, TN ASSUMABLE 2.25% loan with Freedom Mortgage! The cutest home with wonderful floorplan and r...	3 beds \| 1 baths \| N/A	$240,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.84% Airbnb Rental Income: $1425 Traditional Rental Income: $1512 Airbnb ROI: 1.58% Traditional ROI: 3.84%
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%
3520 Central Ave #103 Memphis, TN Welcome to The Laurels where convenience meets style- right in the heart of East Memphis. ...	1 beds \| 1 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 St Memphis, TN Discover this beautifully maintained mid-century modern ranch offering three bedrooms, two...	3 beds \| 2 baths \| N/A	$415,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.83% Airbnb Rental Income: $1425 Traditional Rental Income: $2506 Airbnb ROI: -0.05% Traditional ROI: 3.83%
95 S Main St #101 Memphis, TN Downtown Living at its best! Brand new Condo in the heart of downtown.This condominium ha...	3 beds \| 3 baths \| N/A	$350,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.71% Airbnb Rental Income: $1410 Traditional Rental Income: $2474 Airbnb ROI: 0.18% Traditional ROI: 4.71%
1080 Blythe St Memphis, TN Step into sleek, modern living just steps from historic Cooper-Young! This nearly-new home...	3 beds \| 2 baths \| N/A	$380,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 3.85% Airbnb Rental Income: $756 Traditional Rental Income: $2399 Airbnb ROI: -1.65% Traditional ROI: 3.85%
1057 Whitehaven Ln Memphis, TN Spacious 3-bedroom, 2-bath two-story home situated on a massive lot. Built in 1938, this p...	3 beds \| 2 baths \| N/A	$189,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 7.28% Airbnb Rental Income: $653 Traditional Rental Income: $1832 Airbnb ROI: -0.95% Traditional ROI: 7.28%

Real Estate investment in Memphis, TN

There are 2,229 properties for sale in the city of Memphis . The median list price in Memphis is $163,500 and the average price per square foot is $95. In February 2026, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,455.

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

There are 2,229 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 $1,455.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

3172 Joffre Ave

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 Pl

Memphis, TN

4 beds | 2 baths | N/A

$379,900

Airbnb cash on cash: 1.66%

Traditional cash on cash: 3.68%

Airbnb Rental Income: $1964

Traditional Rental Income: $2167

Airbnb ROI: 1.66%

Traditional ROI: 3.68%

3889 Birchmeadow Cv

Memphis, TN

3 beds | 2 baths | N/A

$170,000

Airbnb cash on cash: 2.55%

Traditional cash on cash: 8.52%

Airbnb Rental Income: $1246

Traditional Rental Income: $1816

Airbnb ROI: 2.55%

Traditional ROI: 8.52%

540 Ellsworth St

Memphis, TN

2 beds | 2 baths | N/A

$329,900

Airbnb cash on cash: -0.94%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $808

Traditional Rental Income: $1971

Airbnb ROI: -0.94%

Traditional ROI: 3.85%

241 Baronne Pl #24

Memphis, TN

3 beds | 2 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%

435 S Front St #105

Memphis, TN

2 beds | 2 baths | 1,600 sq.ft.

$279,900

Airbnb cash on cash: 0.63%

Traditional cash on cash: 3.65%

Airbnb Rental Income: $1079

Traditional Rental Income: $1505

Airbnb ROI: 0.63%

Traditional ROI: 3.65%

680 Harbor Bend Rd #203

Memphis, TN

1 beds | 1 baths | 1,000 sq.ft.

$275,000

Airbnb cash on cash: -1.34%

Traditional cash on cash: 1.92%

Airbnb Rental Income: $451

Traditional Rental Income: $1033

Airbnb ROI: -1.34%

Traditional ROI: 1.92%

717 Riverside Dr #904

Memphis, TN

1 beds | 2 baths | 1,000 sq.ft.

$377,000

Airbnb cash on cash: -1.44%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $451

Traditional Rental Income: $1343

Airbnb ROI: -1.44%