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
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: 6.96% Traditional cash on cash: 5.25% Airbnb Rental Income: $3467 Traditional Rental Income: $2210 Airbnb ROI: 6.96% Traditional ROI: 5.25%
471 S REESE Memphis, TN Wonderful cottage on a sought after block! Spacious rooms and three full baths!! Master su...	3 beds \| 3 baths \| N/A	$369,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 3.55% Airbnb Rental Income: $2594 Traditional Rental Income: $2065 Airbnb ROI: 3.28% Traditional ROI: 3.55%
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	$239,900	Airbnb cash on cash: 7.18% Traditional cash on cash: 5.8% Airbnb Rental Income: $2646 Traditional Rental Income: $1703 Airbnb ROI: 7.18% Traditional ROI: 5.8%
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: 3.94% Traditional cash on cash: 2.6% Airbnb Rental Income: $2402 Traditional Rental Income: $1437 Airbnb ROI: 3.94% Traditional ROI: 2.6%
1844 OLIVER Memphis, TN Beautiful midtown house with 4 bedrooms and 2.5 baths with hardwood floors throughout. Sta...	4 beds \| 3 baths \| N/A	$325,000	Airbnb cash on cash: 6.59% Traditional cash on cash: 6.29% Airbnb Rental Income: $3498 Traditional Rental Income: $2634 Airbnb ROI: 6.59% Traditional ROI: 6.29%
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: 4.16% Traditional cash on cash: 4.91% Airbnb Rental Income: $3498 Traditional Rental Income: $3014 Airbnb ROI: 4.16% Traditional ROI: 4.91%
2954 SOUTHERN #2954 Memphis, TN	2 beds \| 3 baths \| N/A	$250,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 7.33% Airbnb Rental Income: $2107 Traditional Rental Income: $2360 Airbnb ROI: 3.97% 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	$575,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 0.89% Airbnb Rental Income: $2594 Traditional Rental Income: $1736 Airbnb ROI: 1.33% Traditional ROI: 0.89%
4945 MINDEN Memphis, TN All the charm your Buyers are looking for can be found in this East Memphis home for under...	3 beds \| 2 baths \| N/A	$379,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.08% Airbnb Rental Income: $2594 Traditional Rental Income: $1992 Airbnb ROI: 3.03% Traditional ROI: 3.08%
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	$194,900	Airbnb cash on cash: 4.53% Traditional cash on cash: 3.33% Airbnb Rental Income: $1861 Traditional Rental Income: $1140 Airbnb ROI: 4.53% Traditional ROI: 3.33%
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: 4.37% Traditional cash on cash: 3.79% Airbnb Rental Income: $2483 Traditional Rental Income: $1714 Airbnb ROI: 4.37% 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: 0.77% Traditional cash on cash: 2.02% Airbnb Rental Income: $3467 Traditional Rental Income: $3807 Airbnb ROI: 0.77% Traditional ROI: 2.02%
6461 SWEET BERRY Memphis, TN Come see this beautiful home in the Village of River Oaks! Seller offering $5,000.00 towar...	4 beds \| 3 baths \| N/A	$569,000	Airbnb cash on cash: 6.97% Traditional cash on cash: 3% Airbnb Rental Income: $6044 Traditional Rental Income: $2738 Airbnb ROI: 6.97% Traditional ROI: 3%
6636 S KIRBY OAKS Memphis, TN Renovated Home in a Convenient Gated Neighborhood! New Roof ~ Pool ~ Cove Lot with Large B...	3 beds \| 3 baths \| N/A	$377,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 4.58% Airbnb Rental Income: $2985 Traditional Rental Income: $2435 Airbnb ROI: 4.19% Traditional ROI: 4.58%
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: 3.62% Traditional cash on cash: 3.57% Airbnb Rental Income: $2337 Traditional Rental Income: $1746 Airbnb ROI: 3.62% Traditional ROI: 3.57%
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: 7.99% Traditional cash on cash: 5.55% Airbnb Rental Income: $3012 Traditional Rental Income: $1751 Airbnb ROI: 7.99% 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: 8.38% Traditional cash on cash: 3.93% Airbnb Rental Income: $4852 Traditional Rental Income: $2229 Airbnb ROI: 8.38% 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: 7.82% Traditional cash on cash: 6.25% Airbnb Rental Income: $2646 Traditional Rental Income: $1718 Airbnb ROI: 7.82% 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: 2.53% Traditional cash on cash: 3.75% Airbnb Rental Income: $2594 Traditional Rental Income: $2456 Airbnb ROI: 2.53% Traditional ROI: 3.75%
152 SYLBEN Memphis, TN If you are looking for a low maintenance home that is convenient to everything, this one i...	3 beds \| 2 baths \| N/A	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.72% Airbnb Rental Income: $null Traditional Rental Income: $1951 Airbnb ROI: N/A Traditional ROI: 3.72%
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: 1.61% Traditional cash on cash: 3.31% Airbnb Rental Income: $1417 Traditional Rental Income: $1393 Airbnb ROI: 1.61% Traditional ROI: 3.31%
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: 3.12% Traditional cash on cash: 3.23% Airbnb Rental Income: $2337 Traditional Rental Income: $1792 Airbnb ROI: 3.12% 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: 6.8% Traditional cash on cash: 3.82% Airbnb Rental Income: $4588 Traditional Rental Income: $2474 Airbnb ROI: 6.8% 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: 2.99% Traditional cash on cash: 2.42% Airbnb Rental Income: $2594 Traditional Rental Income: $1769 Airbnb ROI: 2.99% Traditional ROI: 2.42%
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: 4.96% Traditional cash on cash: 6.15% Airbnb Rental Income: $1861 Traditional Rental Income: $1554 Airbnb ROI: 4.96% Traditional ROI: 6.15%
4504 PRINCETON Memphis, TN * OPEN HOUSE this Sat, 12/7 2pm-4 pm, Sun, 12/8 2-4pm * Feels like New Construction! Stunn...	4 beds \| 4 baths \| N/A	$625,000	Airbnb cash on cash: 4.58% Traditional cash on cash: 3.4% Airbnb Rental Income: $5240 Traditional Rental Income: $3488 Airbnb ROI: 4.58% Traditional ROI: 3.4%
812 CREEKSIDE #3 Memphis, TN	2 beds \| 2 baths \| N/A	$189,900	Airbnb cash on cash: 6.26% Traditional cash on cash: 7.32% Airbnb Rental Income: $2107 Traditional Rental Income: $1759 Airbnb ROI: 6.26% Traditional ROI: 7.32%
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: 5.34% Traditional cash on cash: 4.81% Airbnb Rental Income: $2483 Traditional Rental Income: $1752 Airbnb ROI: 5.34% Traditional ROI: 4.81%
603 DENMARK #102 Memphis, TN Your chance to own a beautiful 1 Bedroom 1 Bath single story condo in small downtown commu...	1 beds \| 1 baths \| N/A	$189,900	Airbnb cash on cash: 3.04% Traditional cash on cash: 5.06% Airbnb Rental Income: $1417 Traditional Rental Income: $1357 Airbnb ROI: 3.04% Traditional ROI: 5.06%
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	$348,500	Airbnb cash on cash: 2.73% Traditional cash on cash: 2.88% Airbnb Rental Income: $2337 Traditional Rental Income: $1809 Airbnb ROI: 2.73% Traditional ROI: 2.88%
4036 HILLDALE Memphis, TN WIN-WIN! Adorable Hilldale/Highpoint/Pidgeon area Turn Key 3/2 ...move in ready now and pr...	3 beds \| 2 baths \| N/A	$340,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 3.87% Airbnb Rental Income: $2594 Traditional Rental Income: $1997 Airbnb ROI: 3.8% Traditional ROI: 3.87%
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: N/A Traditional cash on cash: 3.83% Airbnb Rental Income: $null Traditional Rental Income: $1695 Airbnb ROI: N/A Traditional ROI: 3.83%
2555 INVERARY Memphis, TN This is a must see adorable 3bed/2ba, 2 car garage home, with a large front porch w/cedar ...	3 beds \| 2 baths \| N/A	$329,000	Airbnb cash on cash: 5.21% Traditional cash on cash: 3.53% Airbnb Rental Income: $2985 Traditional Rental Income: $1780 Airbnb ROI: 5.21% Traditional ROI: 3.53%
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: 5.19% Traditional cash on cash: 3.62% Airbnb Rental Income: $2107 Traditional Rental Income: $1242 Airbnb ROI: 5.19% 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	$234,000	Airbnb cash on cash: 5.85% Traditional cash on cash: 5.02% Airbnb Rental Income: $2483 Traditional Rental Income: $1697 Airbnb ROI: 5.85% Traditional ROI: 5.02%
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: 4.82% Traditional cash on cash: 3.49% Airbnb Rental Income: $2107 Traditional Rental Income: $1283 Airbnb ROI: 4.82% Traditional ROI: 3.49%
6649 ROSS Memphis, TN Situated in the back of a quiet cove on a 1 acre lot, this spacious home is the one you ha...	3 beds \| 3 baths \| N/A	$250,000	Airbnb cash on cash: 7.33% Traditional cash on cash: 8.45% Airbnb Rental Income: $2985 Traditional Rental Income: $2563 Airbnb ROI: 7.33% Traditional ROI: 8.45%
101 TOULOUSE Memphis, TN PRICE ADJUSTMENT !!!.. COME take a second look. Great Downtown Neighborhood.. Large spacio...	3 beds \| 3 baths \| N/A	$425,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 2.66% Airbnb Rental Income: $4588 Traditional Rental Income: $2163 Airbnb ROI: 6.36% Traditional ROI: 2.66%
1028 BRUCE Memphis, TN Beauty and Charm Awaits You in 1916 Fully Renovated Craftsman Style Home! Original Broken-...	3 beds \| 2 baths \| N/A	$375,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 3.19% Airbnb Rental Income: $2646 Traditional Rental Income: $2048 Airbnb ROI: 3.1% Traditional ROI: 3.19%
505 TENNESSEE #220 Memphis, TN This is a beautiful 2,010 sq ft, 2 BR condo w/2 parking spaces & storage unit both on the ...	2 beds \| 1 baths \| N/A	$325,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 1.41% Airbnb Rental Income: $2337 Traditional Rental Income: $1289 Airbnb ROI: 2.95% Traditional ROI: 1.41%

Real Estate investment in Memphis, TN

There are 765 properties for sale in the city of Memphis . The median list price in Memphis is $230,000 and the average price per square foot is $191. In December 2024, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $1,783.

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

There are 765 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 $2,594.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, TN

4520 FLAMINGO

Memphis, TN

4 beds | 2 baths | N/A

$305,000

Airbnb cash on cash: 6.96%

Traditional cash on cash: 5.25%

Airbnb Rental Income: $3467

Traditional Rental Income: $2210

Airbnb ROI: 6.96%

Traditional ROI: 5.25%

471 S REESE

Memphis, TN

3 beds | 3 baths | N/A

$369,000

Airbnb cash on cash: 3.28%

Traditional cash on cash: 3.55%

Airbnb Rental Income: $2594

Traditional Rental Income: $2065

Airbnb ROI: 3.28%

Traditional ROI: 3.55%

1002 S WILLETT

Memphis, TN

3 beds | 2 baths | N/A

$239,900

Airbnb cash on cash: 7.18%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $2646

Traditional Rental Income: $1703

Airbnb ROI: 7.18%

Traditional ROI: 5.8%

3646 AUTUMN

Memphis, TN

3 beds | 1 baths | N/A

$299,900

Airbnb cash on cash: 3.94%

Traditional cash on cash: 2.6%

Airbnb Rental Income: $2402

Traditional Rental Income: $1437

Airbnb ROI: 3.94%

Traditional ROI: 2.6%

1844 OLIVER

Memphis, TN

4 beds | 3 baths | N/A

$325,000

Airbnb cash on cash: 6.59%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $3498

Traditional Rental Income: $2634

Airbnb ROI: 6.59%

Traditional ROI: 6.29%

528 S MCLEAN

Memphis, TN

4 beds | 3 baths | N/A

$409,000

Airbnb cash on cash: 4.16%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $3498

Traditional Rental Income: $3014

Airbnb ROI: 4.16%

Traditional ROI: 4.91%

2954 SOUTHERN #2954

Memphis, TN

2 beds | 3 baths | N/A

$250,000

Airbnb cash on cash: 3.97%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $2107

Traditional Rental Income: $2360

Airbnb ROI: 3.97%

Traditional ROI: 7.33%

245 S MENDENHALL

Memphis, TN

3 beds | 2 baths | N/A

$575,000

Airbnb cash on cash: 1.33%

Traditional cash on cash: 0.89%

Airbnb Rental Income: $2594

Traditional Rental Income: $1736

Airbnb ROI: 1.33%