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	$289,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.72% Airbnb Rental Income: $1528 Traditional Rental Income: $2028 Airbnb ROI: 1.25% Traditional ROI: 4.72%
1921 OLIVER Memphis, TN Charming Craftsman in the heart of Cooper-Young! This beautifully updated home features a ...	3 beds \| 3 baths \| N/A	$350,000	Airbnb cash on cash: 0% Traditional cash on cash: 5.04% Airbnb Rental Income: $1261 Traditional Rental Income: $2519 Airbnb ROI: 0% Traditional ROI: 5.04%
706 N BELVEDERE Memphis, TN Looking for a home that blends character, comfort, and convenience? This beautifully maint...	3 beds \| 2 baths \| N/A	$243,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.53% Airbnb Rental Income: $1261 Traditional Rental Income: $1959 Airbnb ROI: 0.76% Traditional ROI: 5.53%
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	$240,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 6.35% Airbnb Rental Income: $1770 Traditional Rental Income: $1983 Airbnb ROI: 3.27% Traditional ROI: 6.35%
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	$185,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 7.64% Airbnb Rental Income: $1401 Traditional Rental Income: $1823 Airbnb ROI: 2.84% Traditional ROI: 7.64%
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	$185,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 6.91% Airbnb Rental Income: $701 Traditional Rental Income: $1781 Airbnb ROI: -0.97% Traditional ROI: 6.91%
158 N WILLETT Memphis, TN This high-performing Midtown bungalow in the Evergreen Historic District isnât just char...	4 beds \| 2 baths \| N/A	$480,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.9% Airbnb Rental Income: $1401 Traditional Rental Income: $2314 Airbnb ROI: -0.07% Traditional ROI: 2.9%
6108 SELKIRK Memphis, TN Beautiful house 3 bedrooms 2 baths ~ Freshly painted interior & exterior ~ Master bedroom ...	3 beds \| 2 baths \| N/A	$199,000	Airbnb cash on cash: 4.21% Traditional cash on cash: 7.68% Airbnb Rental Income: $1746 Traditional Rental Income: $1921 Airbnb ROI: 4.21% Traditional ROI: 7.68%
1111 N WATKINS Memphis, TN DO NOT MISS THE DEAL COMPLETELY RENOVATED 4BDRM/2BATHS FOYER LIVRM/DININGRM COMBINATION HE...	4 beds \| 2 baths \| N/A	$185,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 10.42% Airbnb Rental Income: $1401 Traditional Rental Income: $2188 Airbnb ROI: 3.55% Traditional ROI: 10.42%
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	$1,260,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.9% Airbnb Rental Income: $1951 Traditional Rental Income: $4789 Airbnb ROI: -0.96% Traditional ROI: 1.9%
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: -0.16% Traditional cash on cash: 2.45% Airbnb Rental Income: $1198 Traditional Rental Income: $1547 Airbnb ROI: -0.16% Traditional ROI: 2.45%
2954 SOUTHERN #2954 Memphis, TN	2 beds \| 3 baths \| N/A	$239,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 7.67% Airbnb Rental Income: $1299 Traditional Rental Income: $2360 Airbnb ROI: 1.2% Traditional ROI: 7.67%
3408 CLEARBROOK Memphis, TN Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is ...	3 beds \| 2 baths \| N/A	$159,900	Airbnb cash on cash: 4.77% Traditional cash on cash: 10.27% Airbnb Rental Income: $1551 Traditional Rental Income: $1943 Airbnb ROI: 4.77% Traditional ROI: 10.27%
3537 OAKLEY Memphis, TN Beautifully renovated home in sought-after High Point Terrace! The updated kitchen feature...	3 beds \| 4 baths \| N/A	$425,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.64% Airbnb Rental Income: $1528 Traditional Rental Income: $3332 Airbnb ROI: -0.01% Traditional ROI: 5.64%
1777 CARR Memphis, TN A rare find in Central Gardens with a 2.875% assumable intrest rate! Come see this beauti...	3 beds \| 3 baths \| N/A	$410,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 2.96% Airbnb Rental Income: $1261 Traditional Rental Income: $2226 Airbnb ROI: -0.59% Traditional ROI: 2.96%
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: -0.74% Traditional cash on cash: 2.09% Airbnb Rental Income: $1951 Traditional Rental Income: $3807 Airbnb ROI: -0.74% Traditional ROI: 2.09%
3315 CLUBHILL Memphis, TN Newly updated Golf Course in the prestigious 24-hour gated golf community of Southwind wit...	4 beds \| 7 baths \| N/A	$994,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 5.28% Airbnb Rental Income: $2094 Traditional Rental Income: $6438 Airbnb ROI: 0.01% Traditional ROI: 5.28%
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: 0.93% Traditional cash on cash: 5.48% Airbnb Rental Income: $1261 Traditional Rental Income: $1953 Airbnb ROI: 0.93% 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	$169,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 5.32% Airbnb Rental Income: $1299 Traditional Rental Income: $1271 Airbnb ROI: 2.98% Traditional ROI: 5.32%
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	$239,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 4.99% Airbnb Rental Income: $835 Traditional Rental Income: $1782 Airbnb ROI: -0.64% Traditional ROI: 4.99%
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: -0.58% Traditional cash on cash: 5.51% Airbnb Rental Income: $779 Traditional Rental Income: $1757 Airbnb ROI: -0.58% Traditional ROI: 5.51%
4784 MARLIN Memphis, TN Check out this stunning 3br, 1.5 bath home in the heart of colonial acres subd. The love t...	3 beds \| 2 baths \| N/A	$249,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.03% Airbnb Rental Income: $1528 Traditional Rental Income: $1888 Airbnb ROI: 1.61% Traditional ROI: 5.03%
155 S ROSE Memphis, TN Beautifully "Nestled w/Elegance & Charm" on .57 Acre Landscaped lot in Memphis Red Acres o...	4 beds \| 3 baths \| N/A	$700,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.04% Airbnb Rental Income: $1951 Traditional Rental Income: $2939 Airbnb ROI: -0.26% Traditional ROI: 2.04%
1944 FELIX Memphis, TN Cutest home in sought-after Cooper Young! Feels more like new construction than a 105 year...	3 beds \| 2 baths \| N/A	$349,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.94% Airbnb Rental Income: $1261 Traditional Rental Income: $1847 Airbnb ROI: -0.06% Traditional ROI: 2.94%
532 S BELVEDERE Memphis, TN Colonial Revival on one of Memphis' most sought after streets. All the charm and character...	3 beds \| 3 baths \| N/A	$699,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 1.24% Airbnb Rental Income: $1261 Traditional Rental Income: $2515 Airbnb ROI: -1.29% Traditional ROI: 1.24%
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: -0.91% Traditional cash on cash: 3.99% Airbnb Rental Income: $701 Traditional Rental Income: $1393 Airbnb ROI: -0.91% Traditional ROI: 3.99%
95 S MAIN #101 Memphis, TN Downtown Living at its best! Brand new Condo in the heart of downtown. Price just adjuste...	3 beds \| 3 baths \| N/A	$350,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.57% Airbnb Rental Income: $1416 Traditional Rental Income: $2474 Airbnb ROI: 0.06% 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	$850,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.86% Airbnb Rental Income: $2016 Traditional Rental Income: $3541 Airbnb ROI: -0.73% Traditional ROI: 1.86%
1226 ISLE BAY Memphis, TN Beautifully updated 3 bedroom / 2.5 bath home in sought-after Harbor Town area! This light...	3 beds \| 3 baths \| N/A	$359,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.97% Airbnb Rental Income: $1416 Traditional Rental Income: $2223 Airbnb ROI: 0.31% Traditional ROI: 3.97%
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	$219,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 2.96% Airbnb Rental Income: $835 Traditional Rental Income: $1265 Airbnb ROI: -0.68% Traditional ROI: 2.96%
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	$165,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 4.52% Airbnb Rental Income: $701 Traditional Rental Income: $1203 Airbnb ROI: -0.61% Traditional ROI: 4.52%
3754 MARION Memphis, TN This cozy 2-bedroom, 1-bath home is just a short walk from the U of M. Owning could be ch...	2 beds \| 1 baths \| N/A	$169,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.92% Airbnb Rental Income: $1299 Traditional Rental Income: $1255 Airbnb ROI: 2.68% Traditional ROI: 4.92%
3553 OAKLEY Memphis, TN This beautifully maintained and freshly painted 3-bedroom, 2-bath home offers timeless app...	3 beds \| 2 baths \| N/A	$415,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 2.7% Airbnb Rental Income: $1528 Traditional Rental Income: $2039 Airbnb ROI: 0.24% Traditional ROI: 2.7%
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	$359,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.93% Airbnb Rental Income: $1528 Traditional Rental Income: $1910 Airbnb ROI: 0.48% Traditional ROI: 2.93%
19 S MERTON Memphis, TN Wonderful Midtown opportunity! This property features a 3 bedroom 1 bathroom home with a R...	4 beds \| 2 baths \| N/A	$266,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 7.34% Airbnb Rental Income: $1401 Traditional Rental Income: $2399 Airbnb ROI: 1.68% 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	$335,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.55% Airbnb Rental Income: $1140 Traditional Rental Income: $1925 Airbnb ROI: -0.14% Traditional ROI: 3.55%
465 S MAIN #302 Memphis, TN Spacious 2 Bedroom 2 Bath plus 13x11 flex room that could be dining, office or another bed...	2 beds \| 2 baths \| N/A	$339,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 2.99% Airbnb Rental Income: $1198 Traditional Rental Income: $1809 Airbnb ROI: -0.15% Traditional ROI: 2.99%
648 RIVERSIDE #207 Memphis, TN 2 Bedroom 2 Bath \| Modern Convenience \| Mighty Lights view from Private Balcony \| 360Â° ...	2 beds \| 2 baths \| N/A	$296,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.95% Airbnb Rental Income: $1198 Traditional Rental Income: $1784 Airbnb ROI: 0.45% Traditional ROI: 3.95%
5383 QUINCE Memphis, TN Recently renovated Colonial Acres home with beautiful LVp and hardwood floors, granite cou...	3 beds \| 2 baths \| N/A	$270,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 5.29% Airbnb Rental Income: $1695 Traditional Rental Income: $1969 Airbnb ROI: 2.36% Traditional ROI: 5.29%
3529 JOHNWOOD Memphis, TN Charming 3 bed, 2 bath home, 1530 sf, in High Point Terrace! Your ideal east Memphis retre...	3 beds \| 2 baths \| N/A	$314,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.79% Airbnb Rental Income: $1528 Traditional Rental Income: $1923 Airbnb ROI: 0.96% Traditional ROI: 3.79%

Real Estate investment in Memphis, TN

There are 1,266 properties for sale in the city of Memphis . The median list price in Memphis is $220,000 and the average price per square foot is $184. In September 2025, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,857.

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

There are 1,266 investment properties available for sale in Memphis.

In 2025, the best neighborhood to buy investment property is Cordova.

The ROI for Long-Term is higher than the Short-Term in Memphis with average rental income of $1,857.

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

$289,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $1528

Traditional Rental Income: $2028

Airbnb ROI: 1.25%

Traditional ROI: 4.72%

1921 OLIVER

Memphis, TN

3 beds | 3 baths | N/A

$350,000

Airbnb cash on cash: 0%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $1261

Traditional Rental Income: $2519

Airbnb ROI: 0%

Traditional ROI: 5.04%

706 N BELVEDERE

Memphis, TN

3 beds | 2 baths | N/A

$243,000

Airbnb cash on cash: 0.76%

Traditional cash on cash: 5.53%

Airbnb Rental Income: $1261

Traditional Rental Income: $1959

Airbnb ROI: 0.76%

Traditional ROI: 5.53%

2789 ARBOR LANE

Memphis, TN

3 beds | 2 baths | N/A

$240,000

Airbnb cash on cash: 3.27%

Traditional cash on cash: 6.35%

Airbnb Rental Income: $1770

Traditional Rental Income: $1983

Airbnb ROI: 3.27%

Traditional ROI: 6.35%

1931 MANILA

Memphis, TN

4 beds | 1 baths | N/A

$185,000

Airbnb cash on cash: 2.84%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $1401

Traditional Rental Income: $1823

Airbnb ROI: 2.84%

Traditional ROI: 7.64%

92 S MAIN #307

Memphis, TN

1 beds | 2 baths | N/A

$185,000

Airbnb cash on cash: -0.97%

Traditional cash on cash: 6.91%

Airbnb Rental Income: $701

Traditional Rental Income: $1781

Airbnb ROI: -0.97%

Traditional ROI: 6.91%

158 N WILLETT

Memphis, TN

4 beds | 2 baths | N/A

$480,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1401

Traditional Rental Income: $2314

Airbnb ROI: -0.07%

Traditional ROI: 2.9%

6108 SELKIRK

Memphis, TN

3 beds | 2 baths | N/A

$199,000

Airbnb cash on cash: 4.21%

Traditional cash on cash: 7.68%

Airbnb Rental Income: $1746

Traditional Rental Income: $1921

Airbnb ROI: 4.21%