1031 College Ave, Nashville, TN 37209, Nashville, 37209 - 5 bed, 3 bath
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Nashville, TN 37209
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $365,000—positioned well below the $380,831 Fair Market Value by 4%. This valuation gap provides $15,831 in Instant Equity for buyers ready to modernize this 1960s build. Featuring a Condition Rating of 4, the property offers a spacious 5-bedroom layout and detached structures within walking distance of Tennessee State University. Its high rental demand and large corner lot ensure significant long-term ROI. This is an ideal acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 College Ave Subject | $329,900* List Price | 5 | 3 | 2,989 | $110 | - |
A 3808 Tigerbelle Dr Sold | $424,000 | 7 | 3 | 3,300 | $128 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is a classic example of a home that has been maintained but not significantly modernized. The kitchen features dated knotty pine cabinetry with visible wear (including a broken door), laminate countertops, and older vinyl flooring. The bathrooms are functional but basic, with one showing exposed PVC piping and dated fixtures. While the original hardwood floors appear to be in good condition and the home offers a spacious layout, the 'as-is' sale status and winterized plumbing indicate a need for cosmetic updates and potential system overhauls to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2989.
Situated within walking distance to Tennessee State University, this property offers exceptional potential as a high-demand rental for students or faculty in a growing Nashville market.
With nearly 3,000 square feet, five bedrooms, and a finished basement, the floorplan provides significant versatility for large families, multi-generational living, or room-by-room rental strategies.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2989, other record living area = 2136.
The property is being sold strictly as-is with no seller warranties or representations, indicating that buyers should prepare for potential deferred maintenance and necessary repairs.
Built in 1960, the home likely requires substantial cosmetic and structural updates to meet modern standards and maximize its full market value.
Located within walking distance to Tennessee State University! This property has a lot of potential~a large home with a floorplan that allows for flexibility within the usage for each room~a basement that has been finished where it makes it easy for large families or gatherings to occur~hardwood floors~park-like corner lot~great for investment property~sqft includes basement and sunroom~parking is ideal because the road actually ends next to the house and there is a perfect area for extra spacing~detached buildings that will be great for a separate office or just use for storage~property to be sold as-is~seller makes no representations or warranties
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,989 | 1,724.5 | 84% |
| Lot Size | 13,068 | 7,405 | 87% |
| Price | $329.9K | $485.0K | 31% |
| Price per sq ft | $110 | $329 | 21% |
| Built year | 1960 | 1957 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 764 | 1% |
Jun 7, 2026
$329,900
$346,750
-5% Price Drop
Initial Listing
May 3, 2026
$346,750
$365,000
-5% Price Drop
Initial Listing
Apr 1, 2026
$365,000
Initial Listing