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
4963 FLAMINGO Memphis, TN Remodeled 3 BR/2 BA home with updated kitchen, granite, cabinets, wine cooler & more. All...	3 beds \| 2 baths \| N/A	$264,900	Airbnb cash on cash: 6.29% Traditional cash on cash: 4.52% Airbnb Rental Income: $2832 Traditional Rental Income: $1730 Airbnb ROI: 6.29% Traditional ROI: 4.52%
4550 VERNE Memphis, TN 3 BEDS - 2 FULL BATHS - 2 CAR GARAGE!! Seller is Motivated! Newly Renovated and Move-In Re...	3 beds \| 2 baths \| N/A	$224,900	Airbnb cash on cash: 7.45% Traditional cash on cash: 5.72% Airbnb Rental Income: $2832 Traditional Rental Income: $1803 Airbnb ROI: 7.45% Traditional ROI: 5.72%
4520 FLAMINGO Memphis, TN Motivated Seller! This remarkable 4 bed/2 bath landscaped home in Colonial Acres has hit t...	4 beds \| 2 baths \| N/A	$305,000	Airbnb cash on cash: 8.69% Traditional cash on cash: 5.25% Airbnb Rental Income: $4062 Traditional Rental Income: $2210 Airbnb ROI: 8.69% Traditional ROI: 5.25%
1002 S WILLETT Memphis, TN Check out this 3 bedroom, 2 bath Midtown Gem! This completely renovated home is a definite...	3 beds \| 2 baths \| N/A	$259,900	Airbnb cash on cash: 6.17% Traditional cash on cash: 5.29% Airbnb Rental Income: $2530 Traditional Rental Income: $1703 Airbnb ROI: 6.17% Traditional ROI: 5.29%
3646 AUTUMN Memphis, TN Nestled on a quiet street in one of Memphisâ hottest neighborhoods, High Point Terrace, ...	3 beds \| 1 baths \| N/A	$299,900	Airbnb cash on cash: 4.17% Traditional cash on cash: 2.6% Airbnb Rental Income: $2481 Traditional Rental Income: $1437 Airbnb ROI: 4.17% Traditional ROI: 2.6%
528 S MCLEAN Memphis, TN A truly rare opportunity to own this Central Gardens gem! With timeless elegance and histo...	4 beds \| 3 baths \| N/A	$409,000	Airbnb cash on cash: 6.04% Traditional cash on cash: 4.91% Airbnb Rental Income: $4362 Traditional Rental Income: $3014 Airbnb ROI: 6.04% Traditional ROI: 4.91%
2954 SOUTHERN #2954 Memphis, TN	2 beds \| 3 baths \| N/A	$250,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 7.33% Airbnb Rental Income: $1877 Traditional Rental Income: $2360 Airbnb ROI: 3.16% Traditional ROI: 7.33%
245 S MENDENHALL Memphis, TN Charming and eclectic 3-bedroom, 2-bath home on South Mendenhall Rd, between Poplar Ave an...	3 beds \| 2 baths \| N/A	$576,500	Airbnb cash on cash: 1.69% Traditional cash on cash: 0.88% Airbnb Rental Income: $2832 Traditional Rental Income: $1736 Airbnb ROI: 1.69% Traditional ROI: 0.88%
5272 BOSWELL Memphis, TN Welcome to 5272 Boswell Rd! This spacious 4BR/ 3BA home in East Memphis has so much to off...	4 beds \| 3 baths \| N/A	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.82% Airbnb Rental Income: $null Traditional Rental Income: $2885 Airbnb ROI: N/A Traditional ROI: 7.82%
27 N FENWICK Memphis, TN Come check out this two bedroom one bathroom cottage style home in beautiful Chickasaw Gar...	2 beds \| 1 baths \| N/A	$199,900	Airbnb cash on cash: 4.86% Traditional cash on cash: 3.22% Airbnb Rental Income: $1968 Traditional Rental Income: $1140 Airbnb ROI: 4.86% Traditional ROI: 3.22%
106 ERICSON Memphis, TN Beautiful one-level home near Walnut Grove Lake. This charming 3 bedroom 2 bath residence...	3 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: 6.97% Traditional cash on cash: 3.79% Airbnb Rental Income: $3363 Traditional Rental Income: $1714 Airbnb ROI: 6.97% Traditional ROI: 3.79%
4015 N GALLOWAY Memphis, TN Built as a charming cottage in 1940 on what was then the outskirts of Memphis, this proper...	4 beds \| 4 baths \| N/A	$950,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 2.02% Airbnb Rental Income: $4062 Traditional Rental Income: $3807 Airbnb ROI: 1.33% Traditional ROI: 2.02%
6461 SWEET BERRY Memphis, TN Open House Sunday November, 3rd from 2-4 pm! Come see this beautiful home in the Village o...	4 beds \| 3 baths \| N/A	$569,000	Airbnb cash on cash: 5.54% Traditional cash on cash: 3% Airbnb Rental Income: $5135 Traditional Rental Income: $2738 Airbnb ROI: 5.54% Traditional ROI: 3%
379 COBALT BAY #301 Memphis, TN Corner Unit Condo in Downtown Memphis on Mud Island. Open floor plan with 2 bedroom and 2 ...	2 beds \| 2 baths \| N/A	$299,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.57% Airbnb Rental Income: $2139 Traditional Rental Income: $1746 Airbnb ROI: 3.03% Traditional ROI: 3.57%
4254 BOXWOOD GREEN Memphis, TN Beautiful French-style home in gated Boxwood Green subdivision. Located in the heart of ea...	4 beds \| 5 baths \| N/A	$764,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 4.05% Airbnb Rental Income: $4062 Traditional Rental Income: $4712 Airbnb ROI: 1.93% Traditional ROI: 4.05%
3772 MISTY OAK Memphis, TN Welcome to 3772 Misty Oak! This charming 3-bedroom, 2-bathroom home features an open livin...	3 beds \| 2 baths \| N/A	$247,900	Airbnb cash on cash: 7.19% Traditional cash on cash: 5.55% Airbnb Rental Income: $2788 Traditional Rental Income: $1751 Airbnb ROI: 7.19% Traditional ROI: 5.55%
2091 CHINGFORD Memphis, TN Freshly painted spacious layout!! Newly Renovated 20x40 pool, Big backyard, Master bedroom...	4 beds \| 2 baths \| N/A	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $2229 Airbnb ROI: N/A Traditional ROI: 3.93%
2535 UNION Memphis, TN Midtown location walking distance to shopping, restaurants, and the Liberty Bowl Stadium. ...	3 beds \| 2 baths \| N/A	$200,000	Airbnb cash on cash: 7.31% Traditional cash on cash: 6.25% Airbnb Rental Income: $2530 Traditional Rental Income: $1718 Airbnb ROI: 7.31% Traditional ROI: 6.25%
4124 HEDGE HILLS Memphis, TN Charming three bedroom home in sought-after Pidgeon Estates neighborhood. Two bedrooms, t...	3 beds \| 3 baths \| N/A	$425,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.75% Airbnb Rental Income: $2832 Traditional Rental Income: $2456 Airbnb ROI: 3.03% Traditional ROI: 3.75%
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	$249,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.31% Airbnb Rental Income: $1431 Traditional Rental Income: $1393 Airbnb ROI: 1.66% Traditional ROI: 3.31%
1300 MULLINS STATION Memphis, TN BACK ON THE MARKET! Located on 4 tree-covered acres, this lovely 2BR 1 BA cottage offers a...	2 beds \| 1 baths \| N/A	$275,000	Airbnb cash on cash: 4.85% Traditional cash on cash: 3.12% Airbnb Rental Income: $2420 Traditional Rental Income: $1379 Airbnb ROI: 4.85% Traditional ROI: 3.12%
137 E G E PATTERSON #303 Memphis, TN Experience the vibrant South Main Arts District in this loft-style mid-rise condo. This 2-...	2 beds \| 2 baths \| N/A	$325,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 3.23% Airbnb Rental Income: $2139 Traditional Rental Income: $1792 Airbnb ROI: 2.58% Traditional ROI: 3.23%
95 S MAIN #101 Memphis, TN Downtown Living at its best! Brand new Condo in the heart of downtown. This condominium ...	3 beds \| 3 baths \| N/A	$415,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 3.82% Airbnb Rental Income: $3503 Traditional Rental Income: $2474 Airbnb ROI: 4.48% Traditional ROI: 3.82%
3208 JOFFRE Memphis, TN Fall in love with this beautifully renovated 3 bed/2 bath home in a great East Memphis loc...	3 beds \| 2 baths \| N/A	$384,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 2.42% Airbnb Rental Income: $2832 Traditional Rental Income: $1769 Airbnb ROI: 3.54% Traditional ROI: 2.42%
127 MADISON #202 Memphis, TN Experience downtown luxury at its finest! This expansive two-bedroom condo boasts stunning...	2 beds \| 2 baths \| N/A	$295,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.04% Airbnb Rental Income: $2139 Traditional Rental Income: $1551 Airbnb ROI: 3.19% Traditional ROI: 3.04%
3588 AURORA Memphis, TN Nestled in the heart of High Point Terrace-Aurora Circle Charming 3-bed, 1-bath bungal...	3 beds \| 1 baths \| N/A	$320,000	Airbnb cash on cash: 4.5% Traditional cash on cash: 2.03% Airbnb Rental Income: $2832 Traditional Rental Income: $1429 Airbnb ROI: 4.5% Traditional ROI: 2.03%
220 S MCLEAN #9 Memphis, TN Nice 2nd floor condo located in a quaint 24 unit development in Midtown. Convenient locat...	2 beds \| 2 baths \| N/A	$169,900	Airbnb cash on cash: 5.51% Traditional cash on cash: 6.15% Airbnb Rental Income: $1968 Traditional Rental Income: $1554 Airbnb ROI: 5.51% Traditional ROI: 6.15%
4504 PRINCETON Memphis, TN * OPEN HOUSE * this Sunday, 10/27/2024, at 2:00 PM - 4:00 PM. Stunning Renovated Home w/ m...	4 beds \| 4 baths \| N/A	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.4% Airbnb Rental Income: $null Traditional Rental Income: $3488 Airbnb ROI: N/A Traditional ROI: 3.4%
1004 GROUSE MEADOW Memphis, TN SELLER IS SELLING THIS HOME "AS IS". The following is a list of things the seller has done...	3 beds \| 2 baths \| N/A	$255,000	Airbnb cash on cash: 8.39% Traditional cash on cash: 4.81% Airbnb Rental Income: $3363 Traditional Rental Income: $1752 Airbnb ROI: 8.39% Traditional ROI: 4.81%
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	$349,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 2.87% Airbnb Rental Income: $2139 Traditional Rental Income: $1809 Airbnb ROI: 2.22% Traditional ROI: 2.87%
301 MEADVALE Memphis, TN NEW HOT WATER HEATER & HVAC! 3 bed 2 bath with an office/4th bedroom all on one floor in a...	3 beds \| 2 baths \| N/A	$315,000	Airbnb cash on cash: 4.85% Traditional cash on cash: 3.41% Airbnb Rental Income: $2832 Traditional Rental Income: $1743 Airbnb ROI: 4.85% Traditional ROI: 3.41%
1568 WILLEY Memphis, TN Welcome to this charming 3-BDR, 2-Bath home in East Memphis! The property features a spac...	3 beds \| 2 baths \| N/A	$279,000	Airbnb cash on cash: 7.4% Traditional cash on cash: 3.83% Airbnb Rental Income: $3385 Traditional Rental Income: $1695 Airbnb ROI: 7.4% Traditional ROI: 3.83%
1290 CHERRY Memphis, TN 100% FINANCING AVAILABLE!! Gorgeous mid-century gem on a beautifully-landscaped corner lot...	3 beds \| 2 baths \| N/A	$295,000	Airbnb cash on cash: 5.27% Traditional cash on cash: 3.84% Airbnb Rental Income: $2832 Traditional Rental Income: $1776 Airbnb ROI: 5.27% Traditional ROI: 3.84%
426 N FRONT #302 Memphis, TN Welcome to Harbor Lights Condominiums in Downtown Memphis! This stunning 3-bedroom, 2.5-ba...	3 beds \| 3 baths \| N/A	$275,000	Airbnb cash on cash: 7.83% Traditional cash on cash: 6.1% Airbnb Rental Income: $3503 Traditional Rental Income: $2282 Airbnb ROI: 7.83% Traditional ROI: 6.1%
3620 CARNES Memphis, TN This home is an incredible opportunity for students, faculty, or anyone seeking an easy to...	2 beds \| 1 baths \| N/A	$218,000	Airbnb cash on cash: 4.26% Traditional cash on cash: 3.62% Airbnb Rental Income: $1877 Traditional Rental Income: $1242 Airbnb ROI: 4.26% Traditional ROI: 3.62%
7353 COUNTRYSIDE Memphis, TN Fantastic 3 bedroom/ 2 bath home in a wonderful quite neighborhood! Many upgrades and fres...	3 beds \| 2 baths \| N/A	$239,000	Airbnb cash on cash: 8.95% Traditional cash on cash: 4.89% Airbnb Rental Income: $3363 Traditional Rental Income: $1697 Airbnb ROI: 8.95% Traditional ROI: 4.89%
67 E LAFAYETTE Memphis, TN Renovated adorable little cottage. Open Kitchen for great flow and entertaining with break...	2 beds \| 1 baths \| N/A	$224,500	Airbnb cash on cash: 3.92% Traditional cash on cash: 3.49% Airbnb Rental Income: $1877 Traditional Rental Income: $1283 Airbnb ROI: 3.92% Traditional ROI: 3.49%
1400 RANDALL Memphis, TN Home comes with 1 year home warranty. This Whitehaven gem is 1.1 miles from Graceland. The...	3 beds \| 2 baths \| N/A	$189,900	Airbnb cash on cash: 4.92% Traditional cash on cash: 7.21% Airbnb Rental Income: $1835 Traditional Rental Income: $1753 Airbnb ROI: 4.92% Traditional ROI: 7.21%
101 TOULOUSE Memphis, TN Great Downtown Neighborhood.. Large spacious rooms, high ceilings Dining Room with smooth ...	3 beds \| 3 baths \| N/A	$449,900	Airbnb cash on cash: 3.81% Traditional cash on cash: 2.46% Airbnb Rental Income: $3503 Traditional Rental Income: $2163 Airbnb ROI: 3.81% Traditional ROI: 2.46%
4526 BOGART Memphis, TN Fantastic investment opportunity, 4 bedrooms, 2 baths, cash flowing. Rent is $1,310/month ...	4 beds \| 2 baths \| N/A	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.45% Airbnb Rental Income: $null Traditional Rental Income: $2211 Airbnb ROI: N/A Traditional ROI: 10.45%

Real Estate investment in Memphis, TN

There are 894 properties for sale in the city of Memphis . The median list price in Memphis is $238,000 and the average price per square foot is $184. In November 2024, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,763.

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

There are 894 investment properties available for sale in Memphis.

In 2024, the best neighborhood to buy investment property is Shelby Forest-Frayser.

The ROI for Short-Term is higher than the Long-Term in Memphis with average rental income of $2,788.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

4963 FLAMINGO

Memphis, TN

3 beds | 2 baths | N/A

$264,900

Airbnb cash on cash: 6.29%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $2832

Traditional Rental Income: $1730

Airbnb ROI: 6.29%

Traditional ROI: 4.52%

4550 VERNE

Memphis, TN

3 beds | 2 baths | N/A

$224,900

Airbnb cash on cash: 7.45%

Traditional cash on cash: 5.72%

Airbnb Rental Income: $2832

Traditional Rental Income: $1803

Airbnb ROI: 7.45%

Traditional ROI: 5.72%

4520 FLAMINGO

Memphis, TN

4 beds | 2 baths | N/A

$305,000

Airbnb cash on cash: 8.69%

Traditional cash on cash: 5.25%

Airbnb Rental Income: $4062

Traditional Rental Income: $2210

Airbnb ROI: 8.69%

Traditional ROI: 5.25%

1002 S WILLETT

Memphis, TN

3 beds | 2 baths | N/A

$259,900

Airbnb cash on cash: 6.17%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $2530

Traditional Rental Income: $1703

Airbnb ROI: 6.17%

Traditional ROI: 5.29%

3646 AUTUMN

Memphis, TN

3 beds | 1 baths | N/A

$299,900

Airbnb cash on cash: 4.17%

Traditional cash on cash: 2.6%

Airbnb Rental Income: $2481

Traditional Rental Income: $1437

Airbnb ROI: 4.17%

Traditional ROI: 2.6%

528 S MCLEAN

Memphis, TN

4 beds | 3 baths | N/A

$409,000

Airbnb cash on cash: 6.04%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $4362

Traditional Rental Income: $3014

Airbnb ROI: 6.04%

Traditional ROI: 4.91%

2954 SOUTHERN #2954

Memphis, TN

2 beds | 3 baths | N/A

$250,000

Airbnb cash on cash: 3.16%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $1877

Traditional Rental Income: $2360

Airbnb ROI: 3.16%

Traditional ROI: 7.33%

245 S MENDENHALL

Memphis, TN

3 beds | 2 baths | N/A

$576,500

Airbnb cash on cash: 1.69%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $2832

Traditional Rental Income: $1736

Airbnb ROI: 1.69%