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	$278,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.94% Airbnb Rental Income: $1386 Traditional Rental Income: $2028 Airbnb ROI: 0.89% Traditional ROI: 4.94%
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	$208,500	Airbnb cash on cash: 0.9% Traditional cash on cash: 7.12% Airbnb Rental Income: $1083 Traditional Rental Income: $1945 Airbnb ROI: 0.9% Traditional ROI: 7.12%
540 ELLSWORTH Memphis, TN Open Sun Nov 9, from 2-3:30pm. Step into this delightful East Buntyn bungalow brimming wit...	3 beds \| 2 baths \| N/A	$339,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.5% Airbnb Rental Income: $1386 Traditional Rental Income: $1971 Airbnb ROI: 0.35% Traditional ROI: 3.5%
706 N BELVEDERE Memphis, TN Looking for a home that blends character, comfort, and convenience? This beautifully maint...	3 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 5.89% Airbnb Rental Income: $1134 Traditional Rental Income: $1959 Airbnb ROI: 0.37% Traditional ROI: 5.89%
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: 2.64% Traditional cash on cash: 6.66% Airbnb Rental Income: $1557 Traditional Rental Income: $1983 Airbnb ROI: 2.64% 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	$725,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.61% Airbnb Rental Income: $1386 Traditional Rental Income: $2355 Airbnb ROI: -0.44% Traditional ROI: 1.61%
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: -0.58% Traditional cash on cash: 4.8% Airbnb Rental Income: $909 Traditional Rental Income: $2833 Airbnb ROI: -0.58% 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 \| 1 baths \| N/A	$225,900	Airbnb cash on cash: 1.76% Traditional cash on cash: 6.19% Airbnb Rental Income: $1134 Traditional Rental Income: $1703 Airbnb ROI: 1.76% Traditional ROI: 6.19%
1931 MANILA Memphis, TN Welcome to this nice 3/4 bedroom home with lots of hard wood throughout. Big greatroom (17...	4 beds \| 1 baths \| N/A	$179,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 7.88% Airbnb Rental Income: $909 Traditional Rental Income: $1823 Airbnb ROI: 0.56% Traditional ROI: 7.88%
92 S MAIN #307 Memphis, TN Charming 1 bed/1.5 bath condo available at The One One O'Six Lofts downtown with controlle...	1 beds \| 2 baths \| N/A	$159,500	Airbnb cash on cash: -2.36% Traditional cash on cash: 8.13% Airbnb Rental Income: $447 Traditional Rental Income: $1781 Airbnb ROI: -2.36% Traditional ROI: 8.13%
3549 MARION Memphis, TN This 2 bedroom 3 bath beauty has been updated and is move in ready! Updated bathrooms, fre...	2 beds \| 3 baths \| N/A	$157,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 11.47% Airbnb Rental Income: $787 Traditional Rental Income: $2170 Airbnb ROI: 0.12% Traditional ROI: 11.47%
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: -0.82% Traditional cash on cash: 2.13% Airbnb Rental Income: $2131 Traditional Rental Income: $4789 Airbnb ROI: -0.82% 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: -0.37% Traditional cash on cash: 2.45% Airbnb Rental Income: $1126 Traditional Rental Income: $1547 Airbnb ROI: -0.37% 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: 0.19% Traditional cash on cash: 2.94% Airbnb Rental Income: $1386 Traditional Rental Income: $1871 Airbnb ROI: 0.19% Traditional ROI: 2.94%
2954 SOUTHERN #2954 Memphis, TN	2 beds \| 3 baths \| N/A	$239,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 7.67% Airbnb Rental Income: $787 Traditional Rental Income: $2360 Airbnb ROI: -0.68% Traditional ROI: 7.67%
2535 YALE Memphis, TN ATTENTION!! Back on Market. Investor Buyer had difficulty getting his contruction financin...	3 beds \| 2 baths \| N/A	$165,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 9.21% Airbnb Rental Income: $1134 Traditional Rental Income: $1796 Airbnb ROI: 2.6% Traditional ROI: 9.21%
3176 YALE Memphis, TN Updated Duplex in Eastern Heights â Prime Investment Opportunity in 38112! Located just ...	4 beds \| 2 baths \| N/A	$179,900	Airbnb cash on cash: 2.2% Traditional cash on cash: 10.45% Airbnb Rental Income: $1134 Traditional Rental Income: $2170 Airbnb ROI: 2.2% Traditional ROI: 10.45%
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: -0.56% Traditional cash on cash: 2.09% Airbnb Rental Income: $2131 Traditional Rental Income: $3807 Airbnb ROI: -0.56% 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: -0.37% Traditional cash on cash: 2.87% Airbnb Rental Income: $1126 Traditional Rental Income: $1813 Airbnb ROI: -0.37% Traditional ROI: 2.87%
3315 CLUBHILL Memphis, TN MOTIVATED SELLERS! Sitting on the 10th fairway with an observation deck overlooking the co...	4 beds \| 7 baths \| N/A	$949,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.59% Airbnb Rental Income: $null Traditional Rental Income: $6438 Airbnb ROI: N/A Traditional ROI: 5.59%
1456 WOODSTON Memphis, TN The cutest home with wonderful floorplan and renovations! Fantastic kitchen, 2 spacious li...	3 beds \| 1 baths \| N/A	$250,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.61% Airbnb Rental Income: $1386 Traditional Rental Income: $1502 Airbnb ROI: 1.34% Traditional ROI: 3.61%
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: 0.23% Traditional cash on cash: 7.59% Airbnb Rental Income: $690 Traditional Rental Income: $1299 Airbnb ROI: 0.23% Traditional ROI: 7.59%
2293 JACKSON Memphis, TN If you're looking for a 3 bedroom, 2 bathroom home in midtown with a HUGE backyard, this i...	3 beds \| 2 baths \| N/A	$254,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 5.48% Airbnb Rental Income: $1134 Traditional Rental Income: $1953 Airbnb ROI: 0.49% Traditional ROI: 5.48%
765 SHOTWELL Memphis, TN Charming 2-bedroom, 1-bath home just behind the University of Memphisâperfect for a star...	2 beds \| 1 baths \| N/A	$159,800	Airbnb cash on cash: 0.41% Traditional cash on cash: 5.68% Airbnb Rental Income: $787 Traditional Rental Income: $1271 Airbnb ROI: 0.41% Traditional ROI: 5.68%
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	$235,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 5.11% Airbnb Rental Income: $690 Traditional Rental Income: $1782 Airbnb ROI: -1.17% Traditional ROI: 5.11%
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: -0.98% Traditional cash on cash: 5.51% Airbnb Rental Income: $677 Traditional Rental Income: $1757 Airbnb ROI: -0.98% Traditional ROI: 5.51%
155 S ROSE Memphis, TN "Nestled w/Elegance & Charm" on .57 Acre in Memphis Red Acres near Galloway Golf Course. N...	4 beds \| 3 baths \| N/A	$650,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.27% Airbnb Rental Income: $2131 Traditional Rental Income: $2939 Airbnb ROI: 0.04% Traditional ROI: 2.27%
207 N GOODLETT Memphis, TN Discover this beautifully maintained mid-century modern ranch offering three bedrooms, two...	3 beds \| 3 baths \| N/A	$415,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.83% Airbnb Rental Income: $1386 Traditional Rental Income: $2506 Airbnb ROI: -0.13% Traditional ROI: 3.83%
137 E G E PATTERSON #204 Memphis, TN Nestled in the iconic South Main District of downtown Memphis is this unique 1 bedroom, 1 ...	1 beds \| 1 baths \| N/A	$214,900	Airbnb cash on cash: -1.95% Traditional cash on cash: 3.99% Airbnb Rental Income: $447 Traditional Rental Income: $1393 Airbnb ROI: -1.95% Traditional ROI: 3.99%
132 PLANTATION GATE Memphis, TN Here is your chance to own this meticulously maintained 4 bedroom 2.5 bath home on a great...	4 beds \| 3 baths \| N/A	$369,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 6.18% Airbnb Rental Income: $1386 Traditional Rental Income: $2799 Airbnb ROI: 0.89% Traditional ROI: 6.18%
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: -0.51% Traditional cash on cash: 4.57% Airbnb Rental Income: $1189 Traditional Rental Income: $2474 Airbnb ROI: -0.51% Traditional ROI: 4.57%
3845 CARDINAL Memphis, TN Luxury meets lifestyle in sought-after High Point Terrace at 3845 Cardinal Ave, Memphis, T...	5 beds \| 4 baths \| N/A	$789,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 2.08% Airbnb Rental Income: $2022 Traditional Rental Income: $3541 Airbnb ROI: -0.71% Traditional ROI: 2.08%
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: -0.78% Traditional cash on cash: 3.55% Airbnb Rental Income: $1134 Traditional Rental Income: $2399 Airbnb ROI: -0.78% 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: -1.27% Traditional cash on cash: 3.15% Airbnb Rental Income: $690 Traditional Rental Income: $1265 Airbnb ROI: -1.27% Traditional ROI: 3.15%
245 MADISON #605 Memphis, TN Live in the heart of downtown Memphis at The YMCA Lofts on Madison Ave. This stylish 1-bed...	1 beds \| 1 baths \| N/A	$155,000	Airbnb cash on cash: -2.01% Traditional cash on cash: 4.87% Airbnb Rental Income: $447 Traditional Rental Income: $1203 Airbnb ROI: -2.01% Traditional ROI: 4.87%
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: -0.03% Traditional cash on cash: 2.84% Airbnb Rental Income: $1386 Traditional Rental Income: $2039 Airbnb ROI: -0.03% Traditional ROI: 2.84%
4152 BARFIELD Memphis, TN Welcome to 4152 Barfield, a beautifully maintained 3-bedroom, 2-bath home located in the d...	3 beds \| 2 baths \| N/A	$349,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.04% Airbnb Rental Income: $1386 Traditional Rental Income: $1910 Airbnb ROI: 0.16% Traditional ROI: 3.04%
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: 0.05% Traditional cash on cash: 7.34% Airbnb Rental Income: $909 Traditional Rental Income: $2399 Airbnb ROI: 0.05% 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	$325,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 3.69% Airbnb Rental Income: $495 Traditional Rental Income: $1925 Airbnb ROI: -1.88% Traditional ROI: 3.69%
648 RIVERSIDE #207 Memphis, TN 2 Bedroom 2 Bath \| Modern Convenience \| Mighty Lights view from Private Balcony \| 360Â° ...	2 beds \| 2 baths \| N/A	$279,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.23% Airbnb Rental Income: $1126 Traditional Rental Income: $1784 Airbnb ROI: 0.31% Traditional ROI: 4.23%

Real Estate investment in Memphis, TN

There are 1,247 properties for sale in the city of Memphis . The median list price in Memphis is $212,500 and the average price per square foot is $137. In November 2025, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,875.

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

There are 1,247 investment properties available for sale in Memphis.

In 2025, 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 $1,875.

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

$278,000

Airbnb cash on cash: 0.89%

Traditional cash on cash: 4.94%

Airbnb Rental Income: $1386

Traditional Rental Income: $2028

Airbnb ROI: 0.89%

Traditional ROI: 4.94%

731 N WALNUT WOODS

Memphis, TN

2 beds | 3 baths | N/A

$208,500

Airbnb cash on cash: 0.9%

Traditional cash on cash: 7.12%

Airbnb Rental Income: $1083

Traditional Rental Income: $1945

Airbnb ROI: 0.9%

Traditional ROI: 7.12%

540 ELLSWORTH

Memphis, TN

3 beds | 2 baths | N/A

$339,900

Airbnb cash on cash: 0.35%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $1386

Traditional Rental Income: $1971

Airbnb ROI: 0.35%

Traditional ROI: 3.5%

706 N BELVEDERE

Memphis, TN

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 0.37%

Traditional cash on cash: 5.89%

Airbnb Rental Income: $1134

Traditional Rental Income: $1959

Airbnb ROI: 0.37%

Traditional ROI: 5.89%

2789 ARBOR LANE

Memphis, TN

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 2.64%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $1557

Traditional Rental Income: $1983

Airbnb ROI: 2.64%

Traditional ROI: 6.66%

241 BARONNE #24

Memphis, TN

3 beds | 3 baths | N/A

$725,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 1.61%

Airbnb Rental Income: $1386

Traditional Rental Income: $2355

Airbnb ROI: -0.44%

Traditional ROI: 1.61%

225 North Avalon St

Memphis, TN

4 beds | 3 baths | N/A

$449,900

Airbnb cash on cash: -0.58%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $909

Traditional Rental Income: $2833

Airbnb ROI: -0.58%

Traditional ROI: 4.8%

1002 S WILLETT

Memphis, TN

3 beds | 1 baths | N/A

$225,900

Airbnb cash on cash: 1.76%

Traditional cash on cash: 6.19%

Airbnb Rental Income: $1134

Traditional Rental Income: $1703

Airbnb ROI: 1.76%