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 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 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 Memphis, TN Open this Sun 2-4! Great new price! Step into this delightful East Buntyn bungalow brimmin...	2 beds \| 2 baths \| N/A	$324,800	Airbnb cash on cash: -0.94% Traditional cash on cash: 3.93% Airbnb Rental Income: $808 Traditional Rental Income: $1971 Airbnb ROI: -0.94% Traditional ROI: 3.93%
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%
4251 WOODCREST Memphis, TN Really Nice Mid-Century Ranch style "almost completely redone" home with enormous back yar...	3 beds \| 2 baths \| N/A	$280,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 3.54% Airbnb Rental Income: $1425 Traditional Rental Income: $1479 Airbnb ROI: 1.72% Traditional ROI: 3.54%
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	$1,050,000	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%
3070 GUERNSEY 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 Memphis, TN Beautiful Brick Home in Great Fox Meadows Location! Newly Renovated 3 Bedroom 2 Bathroom,...	3 beds \| 2 baths \| N/A	$229,900	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 Memphis, TN BACK ON MARKET! This classic 1940 East Memphis cottage in Red Acres has been transformed o...	4 beds \| 4 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%
2293 JACKSON 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 \| N/A	$224,000	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%
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: -0.05% Traditional cash on cash: 3.83% Airbnb Rental Income: $1425 Traditional Rental Income: $2506 Airbnb ROI: -0.05% Traditional ROI: 3.83%
1080 BLYTHE Memphis, TN Step into sleek, modern living just steps from historic Cooper-Young. This nearly-new home...	3 beds \| 3 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%
4808 QUINCE Memphis, TN Gorgeous updated home in sought after Colonial Acres. Beautiful hardwood floors! Modern, l...	4 beds \| 2 baths \| N/A	$225,888	Airbnb cash on cash: 4.24% Traditional cash on cash: 4.46% Airbnb Rental Income: $1964 Traditional Rental Income: $1493 Airbnb ROI: 4.24% Traditional ROI: 4.46%
648 RIVERSIDE #207 Memphis, TN [648 Riverside] #207 \| 2 Bedroom + 2 Full Bath \| Loft Living + High Ceilings \| Huge Closet...	2 beds \| 2 baths \| N/A	$249,990	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.52% Airbnb Rental Income: $1079 Traditional Rental Income: $1784 Airbnb ROI: 0.22% Traditional ROI: 4.52%
1864 WALKER Memphis, TN Adorable, renovated bungalow in historic Cooper Young Neighborhood. This home offers curb ...	3 beds \| 2 baths \| N/A	$305,000	Airbnb cash on cash: -1.46% Traditional cash on cash: 3.77% Airbnb Rental Income: $756 Traditional Rental Income: $1965 Airbnb ROI: -1.46% Traditional ROI: 3.77%
248 N YATES Memphis, TN Great Opportunity at $249,900 â Move-In Potential! This 3-bedroom, 2-bath home is situa...	3 beds \| 2 baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $1912 Airbnb ROI: N/A Traditional ROI: 5.1%
4525 SEQUOIA Memphis, TN This perfectly remodeled home has been completely transformed with a gourmet kitchen that ...	4 beds \| 3 baths \| N/A	$550,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.25% Airbnb Rental Income: $1964 Traditional Rental Income: $2870 Airbnb ROI: 0.49% Traditional ROI: 3.25%
8750 PLAYERS Memphis, TN In the GATED & GUARDED neighborhood of Southwind, home of the Fedex St.Jude World Cup Cham...	4 beds \| 9 baths \| N/A	$1,990,000	Airbnb cash on cash: -1.99% Traditional cash on cash: 1.23% Airbnb Rental Income: $1173 Traditional Rental Income: $6737 Airbnb ROI: -1.99% Traditional ROI: 1.23%
839 GARLAND Memphis, TN Welcome Home!! This cute bungalow style home has been beautifully remodeled and is just a ...	3 beds \| 1 baths \| N/A	$195,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.7% Airbnb Rental Income: $756 Traditional Rental Income: $1515 Airbnb ROI: -0.08% Traditional ROI: 5.7%
6942 AMBERLY #6942 Memphis, TN Best price in the neighborhood. Super clean and move-in ready townhome in an unbeatable Ea...	3 beds \| 3 baths \| N/A	$224,990	Airbnb cash on cash: N/A Traditional cash on cash: 8.06% Airbnb Rental Income: $null Traditional Rental Income: $2275 Airbnb ROI: N/A Traditional ROI: 8.06%
724 CENTER Memphis, TN Lovely home in this secluded hidden neighborhood within a stone's throw of Rhodes but off ...	5 beds \| 3 baths \| N/A	$439,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.93% Airbnb Rental Income: $1900 Traditional Rental Income: $3038 Airbnb ROI: 0.93% Traditional ROI: 4.93%
1641 FORREST Memphis, TN Experience the pinnacle of Midtown living in this beautifully renovated multi-family townh...	4 beds \| 4 baths \| N/A	$495,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.44% Airbnb Rental Income: $1900 Traditional Rental Income: $3287 Airbnb ROI: 0.36% Traditional ROI: 4.44%
435 S FRONT #105 Memphis, TN Contract failed due to buyer's financing. Awesome condo located on the 1st floor. Easy an...	2 beds \| 3 baths \| N/A	$279,900	Airbnb cash on cash: -0.39% Traditional cash on cash: 5.98% Airbnb Rental Income: $1079 Traditional Rental Income: $2390 Airbnb ROI: -0.39% Traditional ROI: 5.98%
408 S FRONT #206 Memphis, TN Welcome to Paperworksâone of downtown Memphisâ most distinctive industrial-style condo...	1 beds \| 1 baths \| N/A	$197,500	Airbnb cash on cash: -1.85% Traditional cash on cash: 3.18% Airbnb Rental Income: $451 Traditional Rental Income: $1130 Airbnb ROI: -1.85% Traditional ROI: 3.18%
873 N MCNEIL Memphis, TN Come check out this wonderful, charming, and cozy home in the historic Vollintine Evergeen...	3 beds \| 1 baths \| N/A	$157,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 8.28% Airbnb Rental Income: $756 Traditional Rental Income: $1634 Airbnb ROI: 0.32% Traditional ROI: 8.28%
1304 CAROL Memphis, TN Looking for the perfect starter home in a prime location? This charming 4-bedroom, 2-bath ...	4 beds \| 2 baths \| N/A	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.8% Airbnb Rental Income: $null Traditional Rental Income: $2231 Airbnb ROI: N/A Traditional ROI: 11.8%
616 DENMARK #106 Memphis, TN Looking for that perfect blend of city energy and cozy retreat? Welcome to this beautiful...	3 beds \| 4 baths \| N/A	$333,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 6.62% Airbnb Rental Income: $1410 Traditional Rental Income: $2943 Airbnb ROI: 0.37% Traditional ROI: 6.62%
1253 S BARKSDALE Memphis, TN This charming Tudor-style bungalow has been perfectly renovated and sits just blocks from ...	3 beds \| 2 baths \| N/A	$200,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 7.39% Airbnb Rental Income: $756 Traditional Rental Income: $1868 Airbnb ROI: -0.13% Traditional ROI: 7.39%
1431 LATHAM Memphis, TN MULTIPLE OFFER NOTICE ** Seller has multiple offers on the property. Property is being sol...	N/A beds \| N/A baths \| N/A	$196,700	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.01% Airbnb Rental Income: $1410 Traditional Rental Income: $1399 Airbnb ROI: 1.8% Traditional ROI: 4.01%
3556 PHILWOOD Memphis, TN Welcome to this adorable 3-bedroom, 1-bath home nestled in the sought-after High Point Ter...	3 beds \| 1 baths \| N/A	$250,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 3.43% Airbnb Rental Income: $855 Traditional Rental Income: $1480 Airbnb ROI: -0.62% Traditional ROI: 3.43%
5313 CHICKASAW Memphis, TN Beautifully updated East Memphis home on a corner lot! Discover this fully renovated East ...	4 beds \| 2 baths \| N/A	$339,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 4.31% Airbnb Rental Income: $1964 Traditional Rental Income: $2158 Airbnb ROI: 2.08% Traditional ROI: 4.31%
232 S HIGHLAND #905 Memphis, TN Remodeled condo! Fantastic location in a sought after building with a 24 hour security gua...	2 beds \| 2 baths \| N/A	$125,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 11.43% Airbnb Rental Income: $808 Traditional Rental Income: $1716 Airbnb ROI: 1.19% Traditional ROI: 11.43%
731 LITTY #204 Memphis, TN Freshly painted 2 bedroom 2 bath condo in Downtown Memphis South Main District. This condo...	2 beds \| 2 baths \| N/A	$229,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.39% Airbnb Rental Income: $1079 Traditional Rental Income: $1765 Airbnb ROI: 0.53% Traditional ROI: 5.39%
66 MONROE #405 Memphis, TN Relocating to Memphis for law school, medical training, or a new downtown opportunity? Uni...	1 beds \| 1 baths \| N/A	$148,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 4.94% Airbnb Rental Income: $451 Traditional Rental Income: $1035 Airbnb ROI: -1.05% Traditional ROI: 4.94%
301 N MANASSAS Memphis, TN	2 beds \| 1 baths \| N/A	$650,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 0.44% Airbnb Rental Income: $1079 Traditional Rental Income: $1152 Airbnb ROI: -0.29% Traditional ROI: 0.44%
1086 S BELLEVUE Memphis, TN This renovated fourplex offers an immediate income stream with two units currently leased ...	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 4.44% Airbnb Rental Income: $756 Traditional Rental Income: $1437 Airbnb ROI: -0.24% Traditional ROI: 4.44%
3383 N NORTHWOOD Memphis, TN Lovely East Memphis one-story home on quiet street. Separate LR , DR and Den- excellent fo...	3 beds \| 2 baths \| N/A	$319,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.91% Airbnb Rental Income: $1425 Traditional Rental Income: $1922 Airbnb ROI: 0.83% Traditional ROI: 3.91%
2618 CRIMMINS Memphis, TN Beautifully renovated East Memphis home offering timeless character, generous space, & hig...	3 beds \| 2 baths \| N/A	$369,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 2.96% Airbnb Rental Income: $1246 Traditional Rental Income: $1896 Airbnb ROI: -0.05% Traditional ROI: 2.96%
555 MAGNOLIA MOUND Memphis, TN NEW PRICE! Perched high atop the Mississippi River bluff, this architecturally stunning t...	3 beds \| 3 baths \| N/A	$1,399,000	Airbnb cash on cash: -1.92% Traditional cash on cash: -0.9% Airbnb Rental Income: $1410 Traditional Rental Income: $2321 Airbnb ROI: -1.92% Traditional ROI: -0.9%
4931 PRINCETON GROVE Memphis, TN Luxury without the premium price tag! Gated, secure Princeton Grove Cv, East Memphis. Cust...	4 beds \| 3 baths \| N/A	$475,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 3.5% Airbnb Rental Income: $1306 Traditional Rental Income: $2916 Airbnb ROI: -1.04% Traditional ROI: 3.5%

Real Estate investment in Memphis, TN

There are 1,139 properties for sale in the city of Memphis . The median list price in Memphis is $165,000 and the average price per square foot is $97. In March 2026, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,353.

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

There are 1,139 investment properties available for sale in Memphis.

In 2026, the best neighborhood to buy investment property is River Oaks-Kirby-Balmoral.

The ROI for Long-Term is higher than the Short-Term in Memphis with average rental income of $1,353.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

505 EASTBOURNE

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

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

Memphis, TN

2 beds | 2 baths | N/A

$324,800

Airbnb cash on cash: -0.94%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $808

Traditional Rental Income: $1971

Airbnb ROI: -0.94%

Traditional ROI: 3.93%

1002 S WILLETT

Memphis, TN

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%

4251 WOODCREST

Memphis, TN

3 beds | 2 baths | N/A

$280,000

Airbnb cash on cash: 1.72%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $1425

Traditional Rental Income: $1479

Airbnb ROI: 1.72%

Traditional ROI: 3.54%

371 W CHERRY

Memphis, TN

4 beds | 5 baths | N/A

$1,050,000

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%

3070 GUERNSEY

Memphis, TN

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

Memphis, TN

3 beds | 2 baths | N/A

$229,900

Airbnb cash on cash: 1.44%

Traditional cash on cash: 6.27%

Airbnb Rental Income: $1246

Traditional Rental Income: $1945

Airbnb ROI: 1.44%