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: 1.25% Traditional cash on cash: 4.94% Airbnb Rental Income: $1500 Traditional Rental Income: $2028 Airbnb ROI: 1.25% 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	$210,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 7.07% Airbnb Rental Income: $1519 Traditional Rental Income: $1945 Airbnb ROI: 2.71% Traditional ROI: 7.07%
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: 0.42% Traditional cash on cash: 5.89% Airbnb Rental Income: $1148 Traditional Rental Income: $1959 Airbnb ROI: 0.42% 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: 3.37% Traditional cash on cash: 6.66% Airbnb Rental Income: $1747 Traditional Rental Income: $1983 Airbnb ROI: 3.37% 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: -0.3% Traditional cash on cash: 1.61% Airbnb Rental Income: $1500 Traditional Rental Income: $2355 Airbnb ROI: -0.3% Traditional ROI: 1.61%
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: 2% Traditional cash on cash: 7.88% Airbnb Rental Income: $1206 Traditional Rental Income: $1823 Airbnb ROI: 2% 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	$169,500	Airbnb cash on cash: -2% Traditional cash on cash: 7.61% Airbnb Rental Income: $501 Traditional Rental Income: $1781 Airbnb ROI: -2% Traditional ROI: 7.61%
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: -0.43% Traditional cash on cash: 2.9% Airbnb Rental Income: $1206 Traditional Rental Income: $2314 Airbnb ROI: -0.43% Traditional ROI: 2.9%
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: 1.4% Traditional cash on cash: 11.47% Airbnb Rental Income: $1018 Traditional Rental Income: $2170 Airbnb ROI: 1.4% 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	$1,260,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.9% Airbnb Rental Income: $2417 Traditional Rental Income: $4789 Airbnb ROI: -0.63% 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: -0.89% Traditional cash on cash: 2.45% Airbnb Rental Income: $950 Traditional Rental Income: $1547 Airbnb ROI: -0.89% 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	$359,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.84% Airbnb Rental Income: $1500 Traditional Rental Income: $1871 Airbnb ROI: 0.44% Traditional ROI: 2.84%
2954 SOUTHERN #2954 Memphis, TN	2 beds \| 3 baths \| N/A	$239,900	Airbnb cash on cash: 0.17% Traditional cash on cash: 7.67% Airbnb Rental Income: $1018 Traditional Rental Income: $2360 Airbnb ROI: 0.17% 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: 2.68% Traditional cash on cash: 9.21% Airbnb Rental Income: $1148 Traditional Rental Income: $1796 Airbnb ROI: 2.68% Traditional ROI: 9.21%
3408 CLEARBROOK Memphis, TN Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is ...	3 beds \| 2 baths \| N/A	$149,900	Airbnb cash on cash: 5.37% Traditional cash on cash: 11% Airbnb Rental Income: $1590 Traditional Rental Income: $1943 Airbnb ROI: 5.37% Traditional ROI: 11%
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: 2.26% Traditional cash on cash: 10.45% Airbnb Rental Income: $1148 Traditional Rental Income: $2170 Airbnb ROI: 2.26% Traditional ROI: 10.45%
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: -0.83% Traditional cash on cash: 2.96% Airbnb Rental Income: $1148 Traditional Rental Income: $2226 Airbnb ROI: -0.83% 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: -0.28% Traditional cash on cash: 2.09% Airbnb Rental Income: $2417 Traditional Rental Income: $3807 Airbnb ROI: -0.28% 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: -0.82% Traditional cash on cash: 2.87% Airbnb Rental Income: $950 Traditional Rental Income: $1813 Airbnb ROI: -0.82% 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	$969,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 5.45% Airbnb Rental Income: $1152 Traditional Rental Income: $6438 Airbnb ROI: -0.83% Traditional ROI: 5.45%
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	$140,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 6.94% Airbnb Rental Income: $779 Traditional Rental Income: $1299 Airbnb ROI: 0.69% Traditional ROI: 6.94%
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: 0.54% Traditional cash on cash: 5.48% Airbnb Rental Income: $1148 Traditional Rental Income: $1953 Airbnb ROI: 0.54% 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	$159,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.67% Airbnb Rental Income: $1018 Traditional Rental Income: $1271 Airbnb ROI: 1.67% Traditional ROI: 5.67%
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	$238,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 5.03% Airbnb Rental Income: $779 Traditional Rental Income: $1782 Airbnb ROI: -0.84% Traditional ROI: 5.03%
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: -0.83% Traditional cash on cash: 5.51% Airbnb Rental Income: $715 Traditional Rental Income: $1757 Airbnb ROI: -0.83% 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	$675,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.15% Airbnb Rental Income: $2417 Traditional Rental Income: $2939 Airbnb ROI: 0.38% Traditional ROI: 2.15%
207 N GOODLETT Memphis, TN	3 beds \| 3 baths \| N/A	$415,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 3.83% Airbnb Rental Income: $1500 Traditional Rental Income: $2506 Airbnb ROI: 0.11% 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: -1.73% Traditional cash on cash: 3.99% Airbnb Rental Income: $501 Traditional Rental Income: $1393 Airbnb ROI: -1.73% 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	$379,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 6% Airbnb Rental Income: $338 Traditional Rental Income: $2799 Airbnb ROI: -1.61% Traditional ROI: 6%
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: -0.67% Traditional cash on cash: 4.57% Airbnb Rental Income: $1126 Traditional Rental Income: $2474 Airbnb ROI: -0.67% 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	$845,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.87% Airbnb Rental Income: $2493 Traditional Rental Income: $3541 Airbnb ROI: -0.23% Traditional ROI: 1.87%
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: -0.75% Traditional cash on cash: 3.55% Airbnb Rental Income: $1148 Traditional Rental Income: $2399 Airbnb ROI: -0.75% 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	$214,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.05% Airbnb Rental Income: $779 Traditional Rental Income: $1265 Airbnb ROI: -0.9% Traditional ROI: 3.05%
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: -1.71% Traditional cash on cash: 4.87% Airbnb Rental Income: $501 Traditional Rental Income: $1203 Airbnb ROI: -1.71% 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: 0.23% Traditional cash on cash: 2.84% Airbnb Rental Income: $1500 Traditional Rental Income: $2039 Airbnb ROI: 0.23% 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	$359,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.93% Airbnb Rental Income: $1500 Traditional Rental Income: $1910 Airbnb ROI: 0.41% Traditional ROI: 2.93%
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: 1.03% Traditional cash on cash: 7.34% Airbnb Rental Income: $1206 Traditional Rental Income: $2399 Airbnb ROI: 1.03% 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	$330,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.62% Airbnb Rental Income: $855 Traditional Rental Income: $1925 Airbnb ROI: -0.9% Traditional ROI: 3.62%
1856 N RAINBOW Memphis, TN SPECIAL FINANCING AVAILABLE: NO INCOME LIMIT FOR 100% FINANCING, REDUCED RATE, & $5000 cre...	3 beds \| 3 baths \| N/A	$320,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.95% Airbnb Rental Income: $1148 Traditional Rental Income: $2459 Airbnb ROI: 0.33% Traditional ROI: 5.95%
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: -0.25% Traditional cash on cash: 4.23% Airbnb Rental Income: $950 Traditional Rental Income: $1784 Airbnb ROI: -0.25% Traditional ROI: 4.23%

Real Estate investment in Memphis, TN

There are 1,248 properties for sale in the city of Memphis . The median list price in Memphis is $215,500 and the average price per square foot is $172. In October 2025, the average monthly cash on cash return in Memphis is 7.00%. The average monthly rental income in Memphis is $1,879.

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

There are 1,248 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 $1,879.

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: 1.25%

Traditional cash on cash: 4.94%

Airbnb Rental Income: $1500

Traditional Rental Income: $2028

Airbnb ROI: 1.25%

Traditional ROI: 4.94%

731 N WALNUT WOODS

Memphis, TN

2 beds | 3 baths | N/A

$210,000

Airbnb cash on cash: 2.71%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $1519

Traditional Rental Income: $1945

Airbnb ROI: 2.71%

Traditional ROI: 7.07%

706 N BELVEDERE

Memphis, TN

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 0.42%

Traditional cash on cash: 5.89%

Airbnb Rental Income: $1148

Traditional Rental Income: $1959

Airbnb ROI: 0.42%

Traditional ROI: 5.89%

2789 ARBOR LANE

Memphis, TN

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 3.37%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $1747

Traditional Rental Income: $1983

Airbnb ROI: 3.37%

Traditional ROI: 6.66%

241 BARONNE #24

Memphis, TN

3 beds | 3 baths | N/A

$725,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 1.61%

Airbnb Rental Income: $1500

Traditional Rental Income: $2355

Airbnb ROI: -0.3%

Traditional ROI: 1.61%

1931 MANILA

Memphis, TN

4 beds | 1 baths | N/A

$179,900

Airbnb cash on cash: 2%

Traditional cash on cash: 7.88%

Airbnb Rental Income: $1206

Traditional Rental Income: $1823

Airbnb ROI: 2%

Traditional ROI: 7.88%

92 S MAIN #307

Memphis, TN

1 beds | 2 baths | N/A

$169,500

Airbnb cash on cash: -2%

Traditional cash on cash: 7.61%

Airbnb Rental Income: $501

Traditional Rental Income: $1781

Airbnb ROI: -2%

Traditional ROI: 7.61%

158 N WILLETT

Memphis, TN

4 beds | 2 baths | N/A

$480,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1206

Traditional Rental Income: $2314

Airbnb ROI: -0.43%