Memphis, TN · Curated MLS Search

Homes with Lease Option in Memphis, TN

An editorially curated view of every active homes with lease option listing in Memphis, TN. Updated in real time from the local MLS, presented without the noise.

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Memphis Market — Homes with Lease Option Comparison

Live MLS data — citywide vs. Homes with Lease Option

Memphis
Homes with Lease Option
inventory
Active Listings
3,253
5
Sold (Past 6 Mo.)
3,094
0
Under Contract
665
0
pricing
Avg. List Price
$242,658
$340,980 ↑ 41%
Cost / Sq. Ft.
$182
—
typical home
Living Area
3,155 ft²
—
Avg. Beds
3.0
3.8 ↑ 25%
Avg. Baths
1.8
2.3 ↑ 27%
Days on Market
134
205 ↑ 53%

Homes with Lease Option in Memphis: Market Data

Data as of (MLS snapshot; listings below update live)

Groome & Co Realtors' review of MLS data as of October 15, 2026 shows 5 active listings for Memphis homes with lease option. Listings like these do not come up often in Memphis. With so few listings, setting up a listing alert is the easiest way to learn of the next one.

Homes with Lease Option in Memphis, TN, October 15, 2026
MeasureValue
Active listings5

Market questions

How many Memphis homes with lease option are on the market?

There were 5 Memphis homes with lease option for sale as of October 15, 2026, based on Groome & Co Realtors' review of MLS data.

Listing data courtesy of the Memphis Area Association of REALTORS®.

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View All Memphis TN Homes with Lease Option Listings

3520 Central Ave Unit #209, Memphis
$299,900
2 Beds ⋅ 2 Baths ⋅ 10233245 MLS
Condo Living Near the University of Memphis! Located at 3520 Central Ave in the Tiger Lane area, this condo is just steps from the University of Memphis main campus. The property offers a secure building with security cameras throughout, a pet-friendly environment, and a convenient trash chute on every floor. The unit includes one private, covered parking space, plus additional parking for guests or a second vehicle. The HOA keeps the building and common areas spotless, making this an excellent option for anyone looking for convenience, security, and low-maintenance living in a great Memphis location. Contact your real estate professional today for more information or to schedule a private showing! Seller will consider a Lease option with the right terms. #MemphisRealEstate #UniversityOfMemphis #TigerLane #MemphisCondo #CondoForSale #HomeForSale #CondoMemphisForSale #leasethisCondomemphis #anthonymannierealtor #3520CentralAve209 #thelauralsmemphis

3520 Central Ave Unit #209, Memphis
1852 Tutwiler Ave, Memphis
$420,000
6 Beds ⋅ 3 Baths ⋅ 10227145 MLS
**SPECIAL FHA FINANCING AVAILABLE THROUGH DATI MORTGAGE LLC!** Self-employed buyers may have options to qualify using a **self-prepared Profit & Loss (P&L) or VOE**, subject to applicable FHA guidelines, lender underwriting, and borrower qualification. Ask about this special FHA financing option today! Great investment opportunity! This duplex offers immediate income potential with one side already occupied by a month-to-month tenant paying $680/month, while the other unit is vacant and ready for an owner-occupant or a new tenant. Live in one unit and let the rental income help offset your mortgage, or lease the vacant side to maximize cash flow. Conveniently located with easy access to downtown Memphis, major highways, schools, shopping, and dining. Whether you're an investor looking to expand your portfolio or a buyer seeking a house hack opportunity, this property offers flexibility and value. Schedule your showing today!

1852 Tutwiler Ave, Memphis
844 Harbor Isle Cir E, Memphis
$479,900
3 Beds ⋅ 3 Baths ⋅ 10223086 MLS
12 MONTH LEASE TO PURCHASE OPTION at $2950 per month...WATERFRONT LIVING! Furnished Home in Harbor Town Proper. Morning coffee on your screened porch overlooking the harbor on the MS River or a glass of wine in the evening on your private primary bedroom NEW deck overlooking the water. This fabulous home features 3 bedrooms and 3 full baths, updated kitchen with stainless appliances/gas range, gorgeous real hardwood floors. Amazing views from the home. The downstairs bathroom has been completely renovated. Both upstairs bedrooms offer ensuite bathrooms. This home comes with refrigerator, washer, dryer. This home is also adjacent to the walking trails through the community for easy access and literally STEPS away from grocery, restaurants, gym, etc. All at your fingertips...A little piece of PARADISE right here in Memphis!

844 Harbor Isle Cir E, Memphis
3011 Beauchamp Dr, Memphis
$150,000
3 Beds ⋅ 1.1 Baths ⋅ 10215479 MLS
Solid investment opportunity in Memphis. This 3 bedroom 1.5 bathroom property at 3011 Beauchamp Dr is tenant occupied and currently rented for $984.95 per month, providing immediate income for an investor looking to add to their portfolio. With steady cash flow already in place, this property offers a practical option for both new and experienced investors seeking rental income. Located in an established area with convenient access to major roads, shopping, schools, and everyday amenities. Interior pictures are available upon request. Additional lease details will be updated soon. Do not disturb tenant.

3011 Beauchamp Dr, Memphis
3160 Wilcox Ave, Memphis
$330,000
3 Beds ⋅ 2.1 Baths ⋅ 10212446 MLS
LEASE PURCHASE OPTION AVAILABLE. Discover contemporary comfort and style in this newly constructed 3-bedroom, 2.5-bath home, perfectly situated in one of the most desirable neighborhoods near the famous Pink Palace Museum. This thoughtfully designed home features an open-concept floor plan and high-end finishes throughout. Luxury vinyl wood plank flooring in main areas, and premium carpet in the bedrooms. The spacious primary suite offers a relaxing and private retreat. Enjoy the convenience of a modern kitchen with ss appliances. The covered porch and patio are ideal for relaxing or entertaining. Modern living in a Prime location.

3160 Wilcox Ave, Memphis
1066 N Parkway St, Memphis
$325,000
4 Beds ⋅ 2.1 Baths ⋅ 10211283 MLS
Lovely, modern home that your client will love. The master bedroom features a beautiful freestanding tub, a spacious shower, and walk-in closets. The kitchen has granite countertops and updated stainless steel appliances. Sit on your huge front porch and enjoy the view, or relax on the master bedroom balcony. Your client will love the spaciousness and modern decor. Within minutes of downtown amenities, shopping, and entertainment. LOVE IT BUT CAN'T BUY NOW, SELLER WILL CONSIDER LEASE PURCHASE OPTION W/6% DOWN

1066 N Parkway St, Memphis
4807 Royal Run Dr, Memphis
$189,000
4 Beds ⋅ 2.1 Baths ⋅ 10207518 MLS
county tax only. 4807 Royal Run Dr, Memphis, TN 38128 – For Sale $189,000 or Lease Option Welcome home to this well-maintained 3 bedroom, 2 bath property in a quiet Memphis neighborhood. With an inviting living room, functional kitchen, and spacious bedrooms, this home is perfect for families or first-time buyers. The large backyard is ideal for entertaining, play, or gardening. This property is available For Sale at $189,000 or through a Lease Option Program at $1,750/month with just 5% down—a great path to homeownership while locking in today’s price. ?? Conveniently located near schools, shopping, dining, and major highways.

4807 Royal Run Dr, Memphis
2593 Mcarthur Dr, Memphis
$124,000
3 Beds ⋅ 1.1 Baths ⋅ 10182642 MLS
LEASE PURCHASE AVAILABLE. The home is fully renovated and move-in ready! The Lease/Purchase option requires $30,000 cash, for down payment and closing cost, to qualify. $1200 monthly payment.

2593 Mcarthur Dr, Memphis
3545 Lehi Dr, Memphis
$110,000
3 Beds ⋅ 2 Baths ⋅ 10173314 MLS
No showings until there is an accepted offer! So much potential with this property! Original hardwood is underneath the carpet. 3 good sized bedrooms with 2 baths! Property will need to be a cash/hard money loan due to the condition of the roof. HVAC is inoperable. AS-IS sale, and seller would prefer to have a lease back option if needed. Seller will make no repairs.

3545 Lehi Dr, Memphis
1804 Capri Rd, Memphis
$134,000
3 Beds ⋅ 1 Baths ⋅ 10162449 MLS
Darling home in COLONIAL ACRES!! Fantastic Investment property or great for a first time home buyer! Lease to purchase option available. Tenants can be out in 30 days or willing to stay

1804 Capri Rd, Memphis
1855 Oliver Ave, Memphis
$445,000
4 Beds ⋅ 2.1 Baths ⋅ 10161899 MLS
You don't want to miss this 1912 Bungalow styled gem. Located in the heart of Memphis, this home is completely renovated and is currently used as an Airbnb. Home can be purchased fully furnished. NEW HOT WATER TANK, NEW HVAC, NEW FENCE in backyard. Bathrooms feature rain can shower heads. Primary bedroom feature three rain can shower heads and walk in closet. Did we mention the 4th bedroom/Bonus room located on second level. $3950 Lease purchase option available.

1855 Oliver Ave, Memphis
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