1033 31st Ave N, Nashville, TN 37209, Nashville, 37209 - 0 bed, 0 bath
Loading property details...
1033 31st Ave N
Nashville, TN 37209
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,373Sq Ft
0Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$571,805
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $571,806 Fair Market Value by 3%. This valuation gap offers $21,806 in Instant Equity. Featuring a Fair Condition Rating (1960 build), the asset provides immediate rental income with significant redevelopment potential via the optional three-parcel assemblage. Located in the high-demand Nations area, this is a strategic acquisition ideal for Buy-and-Hold Investors or Developers seeking long-term growth.
Estimated Market Value
$571,805+$21,805 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1033 31st Ave N Subject 0 bd · 0 ba · 2,373 sqft · $241 | $550,000* List Price | 0 | 0 | 2,373 | $241 | - |
A 1037 31st Ave N Active 0 bd · 0 ba · 2,096 sqft · $262 · 0.0 mi | $550,000 List Price | 0 | 0 | 2,096 | $262 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 (>50 years old) with no noted recent renovations. While currently functional as a cash-flowing triplex, the exterior shows significant aging, and the property is primarily marketed as a multi-lot redevelopment opportunity, indicating it is nearing the end of its structural lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
As an existing triplex, the property offers immediate rental income, providing financial stability for investors while they plan future improvements or redevelopment.
- Prime Location
Situated in the high-demand Nations area near Tennessee State University and downtown, the property benefits from strong rental demand and proximity to major transit corridors like I-40.
- Assemblage Opportunity
The option to purchase this alongside two adjacent parcels creates a rare contiguous frontage, significantly increasing the scale and value of potential multi-lot redevelopment projects.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1960, the structure may require significant capital expenditures for repairs or modernization to remain competitive in the local rental market.
- Development Uncertainty
Realizing the full long-term upside requires navigating Metro Nashville Planning's zoning regulations, which places the burden of verification and regulatory risk on the buyer.
About 1033 31st Ave N
Investment/development opportunity in the Nations right by Tennessee State University. This existing triplex sits on a .17-acre lot just minutes from downtown, offering immediate rental income with long-term upside. Available individually at $550,000, or as part of a rare three-parcel assemblage alongside 1035 31st Ave N (a vacant RS5 lot) and 1037 31st Ave N (a second triplex) for a total of $1,375,000 - giving a buyer contiguous frontage along 31st Ave N. Whether acquired as a cash-flowing standalone triplex or as a multi-lot redevelopment play, this is a flexible opportunity close to Charlotte Pike, I-40, and the restaurants and retail of The Nations and Sylvan Park. Buyer/buyer's agent to verify zoning and development potential with Metro Nashville Planning.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1960
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,373 | 1,967.444 |
| Lot Size | - | - |
| Price | $550.0K | $455.6K |
| Price per sq ft | $232 | $238 |
| Built year | 1960 | 1964 |
| HOA | $0 | $0 |
| Days on market | 40 | 82 |
Pricing History
Listed for Sale
Sep 14, 2026
$550,000
Initial Listing