
Nashville, TN 37204
This 12 South Development Opportunity is a High-Potential Investment Opportunity, listed at $999,500—positioned slightly above the $961,661 Fair Market Value. While the property carries a premium, its R8 Zoning on a corner lot provides rare potential for two detached homes. Featuring a Condition Rating of 2, this move-in-ready home offers modern updates alongside historic charm. The property is an ideal acquisition for Real Estate Developers or Owner-Occupants seeking a high-walkability lifestyle with significant long-term appreciation potential through strategic land utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001 Caldwell Ave Subject 3 bd · 2 ba · 1,760 sqft · $546 | $999,500* List Price | 3 | 2 | 1,760 | $546 | - |
A 929 Lawrence Active 4 bd · 2 ba · 1,842 sqft · $540 · 0.3 mi | $995,000 List Price | 4 | 2 | 1,842 | $540 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1930, the property has undergone a high-quality, modern renovation within the last 5 years. The kitchen features contemporary white shaker cabinetry, stone countertops, and stainless steel appliances, while the primary bath is fully updated. The interior shows mint-condition hardwood floors and updated fixtures, meeting the criteria for a move-in-ready home with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1760.
Zoned R8 on a desirable corner lot outside the Historic Overlay, this property offers a rare opportunity to develop two detached homes with separate street frontages.
Boasting a high walkability score, the home is situated just blocks from Nashville's premier dining, shopping, and coffee spots, as well as Belmont and Vanderbilt Universities.
At nearly $1,000,000 for 1,760 square feet, the property carries a premium price point that may challenge buyers not looking specifically for development upside.
With 63 days on the market, the property is experiencing a slower absorption rate than typical for the high-demand 12 South area, suggesting potential price resistance.
*2 home Development opportunity, or amazing 12 south home to live in. Historic charm in the heart of great walkable neighborhood . This move-in-ready one-level home blends timeless character with thoughtful updates, including an updated kitchen and renovated primary bath, while preserving many original historic details. Enjoy an oversized screened porch, detached two-car garage, and a highly walkable location just blocks from the shops, restaurants, and coffee spots of 12 South, with easy access to Belmont University, Vanderbilt University, and downtown Nashville. Situated on a desirable corner lot and zoned R8, this property also offers exceptional develpment potential. Located outside the Historic Overlay, the zoning allows the opportunity for two detached homes, with the potential for each to front a separate street (buyer to verify all zoning and development possibilities). Whether you’re looking for a charming place to call home or an outstanding investment opportunity, this property offers the best of both worlds.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,760 | 2,045.139 |
| Lot Size | 8,712 | 10,890 |
| Price | $999.5K | $556.0K |
| Price per sq ft | $568 | $305 |
| Built year | 1930 | 1971 |
| HOA | $0 | $133 |
| Days on market | 80 | 70 |
Aug 5, 2026
$999,500
Initial Listing