1001 Alice St, Nashville, TN 37218, Nashville, 37218 - 3 bed, 1 bath
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Nashville, TN 37218
Analysis of 1001 Alice St, Nashville, TN 37218 is currently available with a list price of $349,900. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is 72 years old (built 1952) and is explicitly marketed as a 'Building Lot' for new development. While the interior shows some cosmetic updates like laminate flooring and fresh paint, the listing focuses on the R8 zoning and the ability to build two houses, indicating the primary value is in the land rather than the existing structure.
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 = 912.
The R8 zoning and 8,712 sqft lot size allow for a Horizontal Property Regime (HPR), providing a lucrative opportunity to build two separate dwellings on the site.
Future construction can capitalize on elevated river views from a second-story vantage point, adding a premium feature that enhances the resale value of new homes.
With 288 days on the market and multiple price reductions, the listing may be perceived as stale, potentially impacting its current negotiating leverage.
The existing 1952 residence is likely a tear-down, requiring buyers to factor in the additional costs and permitting time for demolition to utilize the land.
104' x 95' Building Lot with River Views from the second floor. New development all around. R8 Zoning with over 8000 sq ft. HPR and build 2 houses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 912 | - |
| Lot Size | 8,712 | - |
| Price | $349.9K | $556.8K |
| Price per sq ft | $384 | $306 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 293 | 484 |
Jul 2, 2026
$349,900
$359,900
-3% Price Drop
Initial Listing
Apr 25, 2026
$359,900
$375,000
-4% Price Drop
Initial Listing
Oct 3, 2025
$375,000
Initial Listing