If you invest in Memphis, TN real estate, you already know the best deals never make it to the MLS. Here are 6 fresh off market properties under $200K, all from verified wholesalers on Offa. 9 new in the last 2 weeks — this list refreshes every week.
Photo by Joshua J. Cotten on Unsplash
Last updated June 01, 2026. Inventory refreshes weekly.
6 Off Market Properties in Memphis, TN
These properties are sourced from verified wholesalers and updated weekly. Click any listing to see the full address, ARV breakdown, additional photos, and to contact the seller directly on Offa.
Why Invest in Memphis?
Memphis is one of the most active wholesale markets in Tennessee. The median asking price on Offa right now sits around $136K, and the typical ARV spread runs 109% — which means real equity from day one. Whether you flip, BRRRR, or buy and hold, Memphis consistently delivers inventory at every price point.
How to Buy Off Market in Memphis
Off market deals close fast — most go from offer to closing in 2-4 weeks. Here's the playbook:
- Browse Offa — see live deals in Memphis with photos, pricing, and ARV estimates.
- Run your numbers — apply the 70% rule, factor in rehab and holding costs, confirm comps.
- Contact the seller directly — every Offa listing has direct seller contact, no agents in the middle.
- Line up financing — Offa's lending partners offer up to 100% financing on qualified deals.
- Close in weeks, not months — wholesalers want speed. So do you.
Frequently Asked Questions
How do I find off market properties in Memphis, TN?
The fastest way is to use a marketplace built for off market deals. Offa aggregates listings from verified wholesalers across Memphis and the rest of Tennessee, with real photos, pricing, and ARV estimates. Other approaches include joining local REI groups, building wholesaler relationships, and running direct mail campaigns to motivated sellers.
What's the average price of an off market property in Memphis?
On Offa, the median asking price for off market deals in Memphis is around $136K. Off market properties typically trade 109% below comparable retail listings, which is the equity spread investors target.
Are wholesale properties in Memphis a good investment?
Yes — when the numbers work. The Memphis market currently shows an average ARV spread of 109%, meaning the After Repair Value runs that much higher than the asking price on a typical deal. That's the equity cushion you have for renovation costs, holding expenses, and profit. Always run your own comps and rehab estimates before committing.
How fast do off market deals in Memphis sell?
Off market deals move quickly — most close in 2-4 weeks. Wholesalers want speed and certainty, and investors who can move fast win the best deals. Sign up free on Offa to get notified when new Memphis inventory hits.
Off market deals move fast. The properties above are live as of this post, but inventory turns over weekly. Sign up free on Offa to see every active deal in Memphis and get notified the moment new ones hit.
🏠 Browse Off Market Deals on Offa
Thousands of verified wholesale properties posted daily. See exact addresses, full ARV breakdowns, and contact sellers directly.
Create Free Account →Related Roundups
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- Off Market Deals in Memphis, TN — 6 Properties Under $200K
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