Real Estate Investment Properties for Sale in Tennessee

Looking for investment property in Tennessee with high ROI ?

Explore a variety of short-term homes & houses in Tennessee. Invest wisely with VRBO & Tennessee 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 Tennessee

Q: Which city in Tennessee to invest in for highest ROI on long term rental properties in 2026

In 2026, Memphisis the best city to buy investment properties. Find more investment properties today!

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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%
939 Tavistock Way Knoxville, TN New paint and lighting! Beautifully designed condo. Features formal dining room, breakfast...	3 beds \| 2 baths \| 1,826 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $2009 Airbnb ROI: N/A Traditional ROI: 2.9%
4018 Obar Drive Chattanooga, TN Executive home in the desirable Black Creek golf course community overlooking the 2nd gree...	5 beds \| 4 baths \| 6,102 sq.ft.	$1,795,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.88% Airbnb Rental Income: $null Traditional Rental Income: $4593 Airbnb ROI: N/A Traditional ROI: 0.88%
500 Paragon Mills Road Nashville, TN Renovated condo in South Nashville features 2 bedrooms, 1 bath. Open living/dining room an...	2 beds \| 1 baths \| 958 sq.ft.	$175,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 3.8% Airbnb Rental Income: $632 Traditional Rental Income: $1248 Airbnb ROI: -1.66% Traditional ROI: 3.8%
1260 Ski View Dr unit: 3308 Gatlinburg, TN Welcome to ''The Loft'', a beautifully designed three-bedroom, two-bath condominium in The...	3 beds \| 2 baths \| 906 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.63% Airbnb Rental Income: $null Traditional Rental Income: $1296 Airbnb ROI: N/A Traditional ROI: 0.63%
1536 Zurich Rd Gatlinburg, TN High-Performing Short-Term Rental Opportunity with Projected Annual Income of $80,000 to $...	3 beds \| 2 baths \| 1,644 sq.ft.	$669,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.61% Airbnb Rental Income: $null Traditional Rental Income: $1915 Airbnb ROI: N/A Traditional ROI: 1.61%
1110 Ski Mtn Rd Gatlinburg, TN Perched on a private lot in Gatlinburg, this cabin chalet is fully immersed in awe-inspiri...	3 beds \| 3 baths \| 2,346 sq.ft.	$630,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.72% Airbnb Rental Income: $null Traditional Rental Income: $1944 Airbnb ROI: N/A Traditional ROI: 1.72%
918 Elm Road Gatlinburg, TN Charming Gatlinburg Retreat! This well-maintained home at 918 Elm Rd offers the perfect bl...	3 beds \| 4 baths \| 3,624 sq.ft.	$1,850,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.22% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: -0.22%
913 Ski Mountain Road Gatlinburg, TN Charming A-Frame Chalet Cabin, Secluded Retreat Near Town & Attractions Escape to this bea...	2 beds \| 2 baths \| 1,040 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.71% Airbnb Rental Income: $null Traditional Rental Income: $1108 Airbnb ROI: N/A Traditional ROI: 0.71%
1130 Ski View Drive unit: 115 Gatlinburg, TN Discover the perfect Gatlinburg getaway in this recently renovated, spacious retreat, just...	2 beds \| 2 baths \| 1,443 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.63% Airbnb Rental Income: $null Traditional Rental Income: $1377 Airbnb ROI: N/A Traditional ROI: 2.63%
727 Mountain Stream Way Gatlinburg, TN Daydreamer's Delight is a stunning three level cabin with over 2,500 sq ft located in the ...	2 beds \| 3 baths \| 2,574 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.95% Airbnb Rental Income: $null Traditional Rental Income: $2833 Airbnb ROI: N/A Traditional ROI: 1.95%
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%
1255 Shuler Rd Townsend, TN Come check out this one-of-a-kind property that'll take your breath away in the highly des...	2 beds \| 2 baths \| 1,872 sq.ft.	$1,999,000	Airbnb cash on cash: -0.79% Traditional cash on cash: -0.32% Airbnb Rental Income: $1240 Traditional Rental Income: $1827 Airbnb ROI: -0.79% Traditional ROI: -0.32%
8 Lake Harbor Court Johnson City, TN Gorgeous lakefront home in the exclusive Lake Harbor Estates community. This custom built ...	4 beds \| 5 baths \| 4,177 sq.ft.	$1,850,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $5118 Airbnb ROI: N/A Traditional ROI: 1.62%
2588 Carters Valley Road Surgoinsville, TN Live. Work. Invest. A Truly One-of-a-Kind Opportunity in Northeast Tennessee! If you've be...	2 beds \| 4 baths \| 2,880 sq.ft.	$399,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.43% Airbnb Rental Income: $1125 Traditional Rental Income: $1816 Airbnb ROI: 0.58% Traditional ROI: 3.43%
2308 Yorkcrest Drive Knoxville, TN *!12 HOUR FIRST RIGHT OF REFUSAL* CONTINUE TO SHOW. ALL BRICK RANCER ON LEVEL LOT New ...	3 beds \| 2 baths \| 1,250 sq.ft.	$353,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $1599 Airbnb ROI: N/A Traditional ROI: 3.13%
5217 Brig Lane Knoxville, TN Welcome to 5217 Brig, where everyday convenience meets the natural beauty of East Tennesse...	3 beds \| 3 baths \| 2,352 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.87% Airbnb Rental Income: $null Traditional Rental Income: $2315 Airbnb ROI: N/A Traditional ROI: 4.87%
3148 Wilderness Rd Knoxville, TN This fully renovated one-level ranch offers a spacious layout and a convenient location in...	3 beds \| 2 baths \| 1,333 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $1784 Airbnb ROI: N/A Traditional ROI: 4.48%
3344 Cummins Lane Knoxville, TN MOTIVATED SELLER! Bring your offer today! Ideally located just minutes from downtown, shop...	2 beds \| 2 baths \| 1,042 sq.ft.	$287,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $1862 Airbnb ROI: N/A Traditional ROI: 4.9%
5720 Reece Way Knoxville, TN Welcome to easy, low maintenance living in the desirable Steeple Shadow community! This be...	2 beds \| 2 baths \| 1,220 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $1527 Airbnb ROI: N/A Traditional ROI: 3.57%
4317 Eagle Drive Knoxville, TN ''Welcome Home'' 1222 sq ft, mid century home. Its first owner was a WWII Army Air Corps v...	3 beds \| 2 baths \| 1,222 sq.ft.	$305,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.62% Airbnb Rental Income: $null Traditional Rental Income: $1560 Airbnb ROI: N/A Traditional ROI: 3.62%
832 Resort way Gatlinburg, TN Welcome to 832 Resort Way in Gatlinburg, TN! This impressive property boasts a 4-bedroom l...	4 beds \| 5 baths \| 2,496 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.61% Airbnb Rental Income: $null Traditional Rental Income: $3694 Airbnb ROI: N/A Traditional ROI: 2.61%
425 Autumn Lane Gatlinburg, TN If you are looking for the perfect balance of quiet country charm and convenience to the m...	2 beds \| 2 baths \| 900 sq.ft.	$209,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $1786 Airbnb ROI: N/A Traditional ROI: 7.45%
3847 Wilani Rd Knoxville, TN Welcome to your dream home in the highly sought-after Sequoyah Hills neighborhood where na...	3 beds \| 2 baths \| 2,400 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.84% Airbnb Rental Income: $null Traditional Rental Income: $2229 Airbnb ROI: N/A Traditional ROI: 0.84%
1449 Forest Union City, TN Stunning Colonial-Style 4-Bedroom, 3-Bath Home in Sherwood Hills. Plantation Shutters and ...	4 beds \| 3 baths \| 3,811 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $2956 Airbnb ROI: N/A Traditional ROI: 5.72%
356 Atlantic Ave Knoxville, TN Discover this proud historic cottage in the heart of North Knoxville, tastefully restored ...	2 beds \| 1 baths \| 1,200 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $1527 Airbnb ROI: N/A Traditional ROI: 4.37%
3636 Taliluna Ave unit: 308 Knoxville, TN Renovated townhome in Sequoyah Square located in the heart of Sequoyah Hills. This charmin...	2 beds \| 3 baths \| 1,260 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.42% Airbnb Rental Income: $null Traditional Rental Income: $1880 Airbnb ROI: N/A Traditional ROI: 2.42%
701 Gresham Rd Knoxville, TN This stunning 1920s Craftsman-style home has been thoughtfully updated and refreshed while...	3 beds \| 2 baths \| 2,927 sq.ft.	$659,750	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $1974 Airbnb ROI: N/A Traditional ROI: 1.56%
1488 Touraine Place Knoxville, TN A stunning custom renovation invites you to enjoy the brick landscaped entrance, gated fro...	2 beds \| 2 baths \| 1,720 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.7% Airbnb Rental Income: $null Traditional Rental Income: $2062 Airbnb ROI: N/A Traditional ROI: 1.7%
5009 Sunset Road W Knoxville, TN Welcome to this inviting 4-bedroom, 2-bathroom home nestled on a spacious 0.60-acre lot in...	4 beds \| 2 baths \| 1,942 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $2238 Airbnb ROI: N/A Traditional ROI: 4.94%
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%
2024 W Velmetta Circle Knoxville, TN Showings started Thursday 3/19/26. Tucked away in the peaceful Lakemoor Hills community--a...	4 beds \| 5 baths \| 3,404 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.08% Airbnb Rental Income: $null Traditional Rental Income: $2632 Airbnb ROI: N/A Traditional ROI: 2.08%
159 Larkwood Drive Jackson, TN Welcome home to a life of serene comfort and thoughtful design, nestled on a quiet cul-de-...	4 beds \| 4 baths \| 3,093 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.39% Airbnb Rental Income: $null Traditional Rental Income: $3439 Airbnb ROI: N/A Traditional ROI: 5.39%
35 Hampstead Cove Jackson, TN Wonderful one-level brick home in the desirable Evergreen community on a wooded cove lot. ...	4 beds \| 3 baths \| 3,214 sq.ft.	$499,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $2820 Airbnb ROI: N/A Traditional ROI: 4.11%
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%

Real Estate investment in Tennessee

There are 16,224 properties available for sale in the state of Tennessee. Memphis, Bumpus Mills and Charlotte are the best rental property markets in Tennessee. The average median price of properties for sale in these cities are $312,117 and the average price per square foot is $0. Their average monthly cash on cash return is 4.00%.

Tennessee Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 16,224 investment properties available for sale in Tennessee.

In 2026, Memphis is the best city to buy investment properties. Find more investment properties today!

In 2026, Memphis (6%) and Bumpus Mills (5%) has the highest cash on cash return for long term rentals in Tennessee.

Your search for investment property begins and ends here

Investment Property for Sale in Tennessee

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%

939 Tavistock Way

Knoxville, TN

3 beds | 2 baths | 1,826 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2009

Airbnb ROI: N/A

Traditional ROI: 2.9%

4018 Obar Drive

Chattanooga, TN

5 beds | 4 baths | 6,102 sq.ft.

$1,795,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.88%

Airbnb Rental Income: $null

Traditional Rental Income: $4593

Airbnb ROI: N/A

Traditional ROI: 0.88%

500 Paragon Mills Road

Nashville, TN

2 beds | 1 baths | 958 sq.ft.

$175,000

Airbnb cash on cash: -1.66%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $632

Traditional Rental Income: $1248

Airbnb ROI: -1.66%