1037 31st Ave N, Nashville, TN 37209, Nashville, 37209 - 0 bed, 0 bath
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1037 31st Ave N
Nashville, TN 37209
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,096Sq Ft
0Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$530,739
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well above the $530,740 Fair Market Value by -3%. While the property requires capital improvements due to its Fair Condition Rating, the RS5 Zoning and Assemblage Potential with adjacent parcels provide significant long-term upside. Located in the high-growth Nations neighborhood, this Triplex Asset offers immediate rental income and strategic redevelopment flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to scale their portfolio in a prime Nashville corridor.
Estimated Market Value
$530,739
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 |
|---|---|---|---|---|---|---|
★ 1037 31st Ave N Subject 0 bd · 0 ba · 2,096 sqft · $253 | $550,000* List Price | 0 | 0 | 2,096 | $253 | - |
A 1033 31st Ave N Active 0 bd · 0 ba · 2,373 sqft · $232 · 0.0 mi | $550,000 List Price | 0 | 0 | 2,373 | $232 | 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 1969 (55 years old) and marketed primarily as a redevelopment play; while currently generating income, the age and description suggest the structure is near the end of its functional life and requires major rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the high-growth Nations neighborhood near Tennessee State University and downtown, offering excellent proximity to major transit routes and popular retail hubs.
- Versatile Investment Strategy
The property functions as an immediate income-producing triplex while offering long-term redevelopment potential on a .17-acre lot zoned RS5.
- Assemblage Potential
The availability of two adjacent parcels allows for a rare three-lot contiguous frontage, significantly increasing the scale and value for large-scale development projects.
CONSRISKS & DEFICIENCIES
- Zoning Limitations
The RS5 zoning designation may restrict the density of new construction, requiring careful verification with Metro Nashville Planning for specific development goals.
- Aging Infrastructure
Built in 1969, the existing structure may require capital improvements or modernization to maintain competitive rental rates or prepare for future site clearing.
About 1037 31st Ave N
Investment/development opportunity in the Nations right by Tennessee State University. This existing triplex sits on a .17-acre lot zoned RS5, 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 1033 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
- 1969
- 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 | 2,096 | 1,967.444 |
| Lot Size | - | - |
| Price | $550.0K | $455.6K |
| Price per sq ft | $262 | $238 |
| Built year | 1969 | 1964 |
| HOA | $0 | $0 |
| Days on market | 44 | 82 |
Pricing History
Listed for Sale
Sep 10, 2026
$550,000
Initial Listing