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
1450 WALTON Memphis, TN Cutest starter home in East Memphis! Granite countertops and ceiling-height cabinets shine...	2 beds \| 1 baths \| N/A	$225,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.55% Airbnb Rental Income: $942 Traditional Rental Income: $1554 Airbnb ROI: 0.06% Traditional ROI: 4.55%
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	$349,900	Airbnb cash on cash: 2.06% Traditional cash on cash: 4.07% Airbnb Rental Income: $2033 Traditional Rental Income: $2167 Airbnb ROI: 2.06% Traditional ROI: 4.07%
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: 3.1% Traditional cash on cash: 8.52% Airbnb Rental Income: $1352 Traditional Rental Income: $1816 Airbnb ROI: 3.1% Traditional ROI: 8.52%
2099 BLACK OAK Memphis, TN ABSOLUTELY STUNNING UPDATED HOME IN THE SOUGHT AFTER GREENTREES SUBDIVISION. THIS HOME FEA...	4 beds \| 4 baths \| N/A	$574,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 4.48% Airbnb Rental Income: $1590 Traditional Rental Income: $3547 Airbnb ROI: -0.01% Traditional ROI: 4.48%
540 ELLSWORTH Memphis, TN Priced Below Market! Delightful East Buntyn bungalow brimming with warmth and character. T...	2 beds \| 2 baths \| N/A	$309,800	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.16% Airbnb Rental Income: $942 Traditional Rental Income: $1971 Airbnb ROI: -0.55% Traditional ROI: 4.16%
66 MONROE #504 Memphis, TN Experience Downtown Living at Its Best! Donât miss this incredible opportunity to own a ...	1 beds \| 1 baths \| N/A	$180,000	Airbnb cash on cash: -2.76% Traditional cash on cash: 3.48% Airbnb Rental Income: $244 Traditional Rental Income: $1085 Airbnb ROI: -2.76% Traditional ROI: 3.48%
5336 ROLLING OAKS Memphis, TN This highly sought after area of East Memphis is right across from Sea Isle Park. This 4B...	4 beds \| 2 baths \| N/A	$340,000	Airbnb cash on cash: 1% Traditional cash on cash: 4.6% Airbnb Rental Income: $1590 Traditional Rental Income: $2286 Airbnb ROI: 1% Traditional ROI: 4.6%
471 S REESE Memphis, TN Price improvement! Come see this storybook East Buntyn bungalow today! Filled with charm a...	3 beds \| 3 baths \| N/A	$339,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.78% Airbnb Rental Income: $1182 Traditional Rental Income: $2065 Airbnb ROI: -0.2% Traditional ROI: 3.78%
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: 1.36% Traditional cash on cash: 6.54% Airbnb Rental Income: $1003 Traditional Rental Income: $1703 Airbnb ROI: 1.36% Traditional ROI: 6.54%
884 DRAKE MANOR Memphis, TN Awesome Heart of East Memphis locationâjust minutes from shopping, theaters, top schools...	4 beds \| 4 baths \| N/A	$795,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.99% Airbnb Rental Income: $2033 Traditional Rental Income: $3333 Airbnb ROI: -0.48% Traditional ROI: 1.99%
8645 MEADOW GREEN Memphis, TN OPEN HOUSE Sunday, 4/26 3-4:30pm. Another PRICE DROP on this spacious home located in one ...	4 beds \| 3 baths \| N/A	$315,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 6.49% Airbnb Rental Income: $1524 Traditional Rental Income: $2758 Airbnb ROI: 0.83% Traditional ROI: 6.49%
3593 SOUTHWOOD Memphis, TN Welcome home to this rare find in the highly desirable High Point Terrace neighborhood! Of...	4 beds \| 2 baths \| N/A	$349,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 4.15% Airbnb Rental Income: $2033 Traditional Rental Income: $2222 Airbnb ROI: 1.97% Traditional ROI: 4.15%
1044 BRUCE Memphis, TN BRAND NEW 40 YEAR ROOF!!! This is one of the rarest finds in Cooper-Young. This house has ...	2 beds \| 1 baths \| N/A	$300,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 2.44% Airbnb Rental Income: $586 Traditional Rental Income: $1320 Airbnb ROI: -1.17% Traditional ROI: 2.44%
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	$960,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.8% Airbnb Rental Income: $2033 Traditional Rental Income: $4789 Airbnb ROI: -0.87% Traditional ROI: 2.8%
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: 0.74% Traditional cash on cash: 6.35% Airbnb Rental Income: $781 Traditional Rental Income: $1406 Airbnb ROI: 0.74% Traditional ROI: 6.35%
100 S GREER Memphis, TN This charming 3 bedroom, 1 bath dollhouse is truly turnkey and ready for its new owner! Lo...	3 beds \| 1 baths \| N/A	$220,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.52% Airbnb Rental Income: $1182 Traditional Rental Income: $1543 Airbnb ROI: 0.93% Traditional ROI: 4.52%
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	$750,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 2.68% Airbnb Rental Income: $2033 Traditional Rental Income: $3807 Airbnb ROI: -0.61% Traditional ROI: 2.68%
1457 PINECREST Memphis, TN Donât miss this beautifully maintained all-brick 3-bedroom, 2-bath home in the Cherokee ...	3 beds \| 2 baths \| N/A	$152,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 9.84% Airbnb Rental Income: $1182 Traditional Rental Income: $1839 Airbnb ROI: 2.7% Traditional ROI: 9.84%
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	$214,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 6.66% Airbnb Rental Income: $1003 Traditional Rental Income: $1953 Airbnb ROI: 0.22% Traditional ROI: 6.66%
2680 CENTRAL TERRACE #10 Memphis, TN Beautifully updated 2-bedroom, 2.5-bath condo offering comfort, privacy, and convenience. ...	2 beds \| 3 baths \| N/A	$145,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 10.62% Airbnb Rental Income: $586 Traditional Rental Income: $1897 Airbnb ROI: -0.89% Traditional ROI: 10.62%
2536 YALE Memphis, TN Heart of Binghampton, renovated and open flow on this 2 bedroom, 1 bath value buy! New kit...	2 beds \| 1 baths \| N/A	$155,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 5.41% Airbnb Rental Income: $586 Traditional Rental Income: $1260 Airbnb ROI: -1.07% Traditional ROI: 5.41%
3592 COWDEN Memphis, TN Welcome to this charming East Memphis home near the Univ of Memphis, w/ easy access to sho...	3 beds \| 2 baths \| N/A	$310,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.02% Airbnb Rental Income: $1182 Traditional Rental Income: $1915 Airbnb ROI: 0.19% Traditional ROI: 4.02%
1215 MT MORIAH Memphis, TN Price Improvement! Charming 3 bedroom, 1 bathroom home on a corner lot in Colonial Acres. ...	3 beds \| 1 baths \| N/A	$183,500	Airbnb cash on cash: 1.66% Traditional cash on cash: 5.81% Airbnb Rental Income: $1182 Traditional Rental Income: $1520 Airbnb ROI: 1.66% Traditional ROI: 5.81%
3557 S GALLOWAY Memphis, TN Located in sought after Red Acres neighborhood, near Galloway Golf Course, this beautifull...	4 beds \| 4 baths \| N/A	$915,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 1.87% Airbnb Rental Income: $2033 Traditional Rental Income: $3522 Airbnb ROI: -0.5% Traditional ROI: 1.87%
4710 CROSSOVER Memphis, TN Charming East Memphis, Mid Century, brick ranch in desirable Colonial Acres! This 3BR/2BA ...	3 beds \| 3 baths \| N/A	$400,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.99% Airbnb Rental Income: $1182 Traditional Rental Income: $2446 Airbnb ROI: -0.41% Traditional ROI: 3.99%
2091 CHINGFORD Memphis, TN Nestled in a quiet cove, this stunning 4-bedroom, 2-bath home offers modern updates and a ...	4 beds \| 2 baths \| N/A	$344,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.48% Airbnb Rental Income: $1524 Traditional Rental Income: $2229 Airbnb ROI: 0.94% Traditional ROI: 4.48%
63 N MERTON Memphis, TN Centrally located Midtown home. 3BR/2BA home. Enter into a large center hallway. Arch...	3 beds \| 2 baths \| N/A	$279,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.92% Airbnb Rental Income: $1003 Traditional Rental Income: $1729 Airbnb ROI: -0.18% Traditional ROI: 3.92%
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	$539,000	Airbnb cash on cash: -1.81% Traditional cash on cash: 1.9% Airbnb Rental Income: $1003 Traditional Rental Income: $2515 Airbnb ROI: -1.81% Traditional ROI: 1.9%
777 S PRESCOTT Memphis, TN Calling all investors, tenant occupied property currently rented at $1345 a month with lea...	3 beds \| 2 baths \| N/A	$150,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 11.01% Airbnb Rental Income: $1182 Traditional Rental Income: $1913 Airbnb ROI: 3.23% Traditional ROI: 11.01%
3379 CANYON Memphis, TN Great home with several updates. New HVAC installed in 2023, recently renovated bathrooms ...	3 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.82% Airbnb Rental Income: $873 Traditional Rental Income: $1628 Airbnb ROI: -0.18% Traditional ROI: 4.82%
1383 S WHITE STATION Memphis, TN Charming painted brick in Colonial Acres ~ move in ready and full of character. The amount...	3 beds \| 3 baths \| N/A	$296,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.27% Airbnb Rental Income: $1182 Traditional Rental Income: $1934 Airbnb ROI: 0.18% Traditional ROI: 4.27%
4120 VILLAGE Memphis, TN Charming opportunity to live in The Village with incredible character and thoughtful updat...	3 beds \| 2 baths \| N/A	$369,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.83% Airbnb Rental Income: $1182 Traditional Rental Income: $1829 Airbnb ROI: -0.14% Traditional ROI: 2.83%
1057 WHITEHAVEN Memphis, TN New Roof!! New water heater! Spacious 3-bedroom, 2-bath two-story home situated on a massi...	3 beds \| 2 baths \| N/A	$189,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 7.28% Airbnb Rental Income: $892 Traditional Rental Income: $1832 Airbnb ROI: 0.16% Traditional ROI: 7.28%
643 N WILLETT Memphis, TN REDUCED!! Fabulous Floorplan with upgrades thru out in this gorgeous 2 bedroom 1 bath in V...	2 beds \| 1 baths \| N/A	$164,900	Airbnb cash on cash: -1.89% Traditional cash on cash: 4.24% Airbnb Rental Income: $586 Traditional Rental Income: $1265 Airbnb ROI: -1.89% Traditional ROI: 4.24%
3784 PHILWOOD Memphis, TN This 2 bed/1 bath High Point cottage is as cute as a button! Offering easy walkability to ...	2 beds \| 1 baths \| N/A	$269,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.39% Airbnb Rental Income: $892 Traditional Rental Income: $1241 Airbnb ROI: -0.32% Traditional ROI: 2.39%
4808 QUINCE Memphis, TN Seller offering 3% for buyer closing costs! Beautifully renovated home in the heart of sou...	4 beds \| 2 baths \| N/A	$219,900	Airbnb cash on cash: 4.66% Traditional cash on cash: 4.6% Airbnb Rental Income: $2033 Traditional Rental Income: $1493 Airbnb ROI: 4.66% Traditional ROI: 4.6%
19 S MERTON Memphis, TN This charming home features a cozy 3-bedroom, 1-bath main residence filled with warm, invi...	4 beds \| 2 baths \| N/A	$250,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 7.51% Airbnb Rental Income: $954 Traditional Rental Income: $2399 Airbnb ROI: -0.08% Traditional ROI: 7.51%
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	$248,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.89% Airbnb Rental Income: $839 Traditional Rental Income: $1784 Airbnb ROI: -0.55% Traditional ROI: 4.89%
959 GROUSE MEADOW Memphis, TN Welcome home to this 4-bedroom, 2.5-bath home with a versatile flex space and a screened-i...	4 beds \| 3 baths \| N/A	$299,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 7.08% Airbnb Rental Income: $1524 Traditional Rental Income: $2667 Airbnb ROI: 1.46% Traditional ROI: 7.08%
210 N AVALON Memphis, TN Gorgeous Midtown bungalow for sale, original hardwood floors throughout. This home has an ...	5 beds \| 4 baths \| N/A	$425,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 7.57% Airbnb Rental Income: $1327 Traditional Rental Income: $4071 Airbnb ROI: -0.35% Traditional ROI: 7.57%

Real Estate investment in Memphis, TN

There are 1,315 properties for sale in the city of Memphis . The median list price in Memphis is $199,000 and the average price per square foot is $152. In May 2026, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,720.

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

There are 1,315 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 $1,720.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

1450 WALTON

Memphis, TN

2 beds | 1 baths | N/A

$225,000

Airbnb cash on cash: 0.06%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $942

Traditional Rental Income: $1554

Airbnb ROI: 0.06%

Traditional ROI: 4.55%

505 EASTBOURNE

Memphis, TN

4 beds | 2 baths | N/A

$349,900

Airbnb cash on cash: 2.06%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $2033

Traditional Rental Income: $2167

Airbnb ROI: 2.06%

Traditional ROI: 4.07%

3889 BIRCHMEADOW

Memphis, TN

3 beds | 2 baths | N/A

$170,000

Airbnb cash on cash: 3.1%

Traditional cash on cash: 8.52%

Airbnb Rental Income: $1352

Traditional Rental Income: $1816

Airbnb ROI: 3.1%

Traditional ROI: 8.52%

2099 BLACK OAK

Memphis, TN

4 beds | 4 baths | N/A

$574,900

Airbnb cash on cash: -0.01%

Traditional cash on cash: 4.48%

Airbnb Rental Income: $1590

Traditional Rental Income: $3547

Airbnb ROI: -0.01%

Traditional ROI: 4.48%

540 ELLSWORTH

Memphis, TN

2 beds | 2 baths | N/A

$309,800

Airbnb cash on cash: -0.55%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $942

Traditional Rental Income: $1971

Airbnb ROI: -0.55%

Traditional ROI: 4.16%

66 MONROE #504

Memphis, TN

1 beds | 1 baths | N/A

$180,000

Airbnb cash on cash: -2.76%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $244

Traditional Rental Income: $1085

Airbnb ROI: -2.76%

Traditional ROI: 3.48%

5336 ROLLING OAKS

Memphis, TN

4 beds | 2 baths | N/A

$340,000

Airbnb cash on cash: 1%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1590

Traditional Rental Income: $2286

Airbnb ROI: 1%

Traditional ROI: 4.6%

471 S REESE

Memphis, TN

3 beds | 3 baths | N/A

$339,900

Airbnb cash on cash: -0.2%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1182

Traditional Rental Income: $2065

Airbnb ROI: -0.2%