1005 Matthews Ave, Nashville, TN 37216, Nashville, 37216 - 2 bed, 1 bath
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1005 Matthews Ave
Nashville, TN 37216
ACTIVE
CONDITION: GOOD
2Beds
1Baths
828Sq Ft
7,841Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$399,189
12% AboveMARKET VALUE
SUMMARY
This Inglewood cottage represents a High-Potential Investment Opportunity, listed at a List Price of $475,000. While the property is priced above the $409,382 Fair Market Value, the asset provides significant utility through its detached 456 sqft DADU studio, enabling a turnkey house-hacking strategy. With a Condition Rating of 3, the home features updated interiors and original charm. This versatile layout is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through onsite rental revenue.
Estimated Market Value
$399,189
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 Matthews Ave Subject 2 bd · 1 ba · 828 sqft · $482 | $450,000* List Price | 2 | 1 | 828 | $482 | - |
A 1007 Broadmoor Dr Sold 2 bd · 1 ba · 981 sqft · $426 · 0.5 mi | $418,000 | 2 | 1 | 981 | $426 | 0.5 mi |
B 1235 Sunnymeade Dr Sold 2 bd · 1 ba · 884 sqft · $430 · 0.7 mi | $380,000 | 2 | 1 | 884 | $430 | 0.7 mi |
C 1063 Horseshoe Drive Sold 2 bd · 1 ba · 900 sqft · $432 · 0.4 mi | $389,000 | 2 | 1 | 900 | $432 | 0.4 mi |
D 1245 McAlpine Ave Sold 2 bd · 1 ba · 832 sqft · $444 · 0.7 mi | $369,000 | 2 | 1 | 832 | $444 | 0.7 mi |
E 4121 Addine St Sold 2 bd · 1 ba · 1,042 sqft · $389 · 0.8 mi | $405,000 | 2 | 1 | 1,042 | $389 | 0.8 mi |
F 1140 Ardee Ave Sold 2 bd · 1 ba · 1,000 sqft · $430 · 0.4 mi | $430,000 | 2 | 1 | 1,000 | $430 | 0.4 mi |
G 3725 Burrus St Sold 3 bd · 2 ba · 1,122 sqft · $468 · 0.7 mi | $525,000 | 3 | 2 | 1,122 | $468 | 0.7 mi |
H 813 Gwynn Dr Active 2 bd · 1 ba · 942 sqft · $487 · 0.4 mi | $459,000 List Price | 2 | 1 | 942 | $487 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite being built in 1948, the property is well-maintained and move-in ready with an updated kitchen and bath, pristine original hardwood floors, a modern electrical panel, and a functional detached studio unit.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 828.
- Income Generation Potential
The property features a 456 sqft detached DADU studio with a kitchenette, offering a turnkey house-hacking opportunity or a high-yield rental income stream estimated at $3,500/month combined.
- Historic Charm with Modern Updates
This 1940s cottage retains its original character with hardwood floors and archways while benefiting from essential modern upgrades in both the kitchen and bathroom.
CONSRISKS & DEFICIENCIES
- Limited Primary Living Space
With only 828 square feet and a single bathroom in the main house, the property may feel restrictive for larger households or those requiring a more expansive primary suite.
- Vintage Infrastructure Risks
Being a 1948 build, the property may present long-term maintenance challenges typical of older homes, such as aging utility systems or structural settling not addressed by cosmetic updates.
About 1005 Matthews Ave
A TWO BEDROOM HOME PLUS a ONE BEDROOM DETACHED APARTMENT -- house-hackers, this one's for you! This adorable 1940's cottage in Inglewood is 828 square feet and has two bedrooms, one bath, original hardwoods and archways, and an updated kitchen and bath. What makes this extra-special is that it is paired with a real income play: a detached 456 square foot DADU studio (with a kitchenette) + garage out back. In total, that's 1284 square feet for you to use in whatever way you wish -- Live in the front, rent the back, let your tenant help with the mortgage! Or have a private guest-house when family comes to visit. Mother-in-law or adult child in their own space. Or rent BOTH properties - the combined rental income could be more than $3500/month. Great backyard, even better neighbors — and quite possibly the cutest cottage you ever did see.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 828 | 2,045.139 |
| Lot Size | 7,841 | 10,890 |
| Price | $450.0K | $556.0K |
| Price per sq ft | $543 | $305 |
| Built year | 1948 | 1971 |
| HOA | $0 | $133 |
| Days on market | 61 | 70 |
Pricing History
Listed for Sale
Oct 6, 2026
$450,000
$470,000
-4% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$470,000
$475,000
-1% Price Drop
Initial Listing
Price Change
Aug 24, 2026
$475,000
Initial Listing
Sold
Apr 22, 1994
$41,740
Public Record