1018 McMahan Ave, Nashville, TN 37216, Nashville, 37216 - 4 bed, 1 bath
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1018 McMahan Ave
Nashville, TN 37216
ACTIVE
CONDITION: TEAR DOWN
4Beds
1Baths
1,032Sq Ft
7,841Lot Size
Property Price
LIST PRICE$279,900
EST. MARKET VALUE
$272,252
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $279,900—positioned well below the $272,253 Fair Market Value by -2%. While the property carries a Condition Rating of 6, indicating significant deferred maintenance, the 7,841 sqft lot provides substantial upside for structural expansion or an ADU. Located in the high-demand 37216 zip code, this asset requires a comprehensive renovation to unlock its full potential. This is a strictly cash or hard money acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$272,252
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 |
|---|---|---|---|---|---|---|
★ 1018 McMahan Ave Subject 4 bd · 1 ba · 1,032 sqft · $264 | $279,900* List Price | 4 | 1 | 1,032 | $264 | - |
A 803 Gwynn Dr Active 3 bd · 2 ba · 1,285 sqft · $263 · 0.4 mi | $338,000 List Price | 3 | 2 | 1,285 | $263 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1930 with no signs of renovation, this property is over 90 years old and currently unlivable. Images show severe interior neglect including peeling walls, holes in the ceiling, detached wiring, and a completely deteriorated kitchen with taped-up appliances. The listing explicitly states it is an 'as-is' sale requiring cash or hard money due to its condition.
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 = 1032.
- Prime Investment Location
Located in the highly sought-after 37216 zip code of East Nashville, this property sits in a high-demand area known for rapid appreciation and strong rental yields.
- Significant Equity Potential
Priced at a competitive entry point for the neighborhood, this 1930s home offers a substantial opportunity for investors to build equity through a comprehensive renovation.
CONSRISKS & DEFICIENCIES
- Distressed Condition
The property is sold strictly 'as-is' and is limited to cash or hard money buyers, indicating significant deferred maintenance or structural issues that prevent traditional financing.
- Functional Obsolescence
The current layout of four bedrooms served by only one bathroom is poorly suited for modern living standards and will require a costly reconfiguration of the interior footprint.
About 1018 McMahan Ave
Selling as is! Cash or hard money due to condition of the property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,032 | 2,045.139 |
| Lot Size | 7,841 | 10,890 |
| Price | $279.9K | $556.0K |
| Price per sq ft | $271 | $305 |
| Built year | 1930 | 1971 |
| HOA | $0 | $133 |
| Days on market | 39 | 70 |
Pricing History
Listed for Sale
Sep 15, 2026
$279,900
Initial Listing
Sold
Sep 24, 1990
$39,000
Public Record