1043 E Trinity Ln, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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Nashville, TN 37216
This Prime Development Asset is listed at $525,000, reflecting the strategic value of its dual-lot configuration compared to the $487,048 Fair Market Value of the primary structure. While the existing home carries a Condition Rating of 5, the property’s true potential lies in its MUL-A Zoning and the included R6-zoned lot, allowing for commercial, residential, or mixed-use projects. The Urban Zoning Overlay (UZO) further enhances the site's utility by reducing parking requirements and increasing density. This is a high-potential Value-Add acquisition for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1043 E Trinity Ln Subject | $525,000* List Price | 3 | 1 | 1,294 | $376 | - |
A 1027 Carolyn Ave Sold | $463,000 | 3 | 2 | 1,555 | $298 | 0.5 mi |
B 1403 Litton Ave Sold | $450,000 List Price | 3 | 2 | 1,044 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1935, the property is primarily marketed as a development opportunity due to its MUL-A zoning. The interior is extremely dated, featuring a kitchen with mid-century knotty pine paneling, original-style cabinetry, and older white appliances. With only one bathroom and aging infrastructure, the home requires substantial rehabilitation or a complete teardown to meet modern standards and achieve its highest and best use.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1294.
The MUL-A zoning designation provides exceptional flexibility, allowing for commercial, residential, mixed-use, or short-term rental (Airbnb) developments.
This sale includes two separate addresses and an additional R6-zoned lot, offering a significant footprint for high-density construction in the desirable East Nashville area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1294, other record living area = 1987. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The existing 1935 structure with only one bathroom likely requires a complete teardown or extensive, costly renovations to be viable for modern use.
Managing a project across two different zoning types (MUL-A and R6) requires specialized development expertise and may complicate the permitting and design process.
Development Opportunity in East Nashville. This sale includes 2 addresses ( 1043 E Trinity &. 0 Zophi) Currently used as a Single Family Home but is zoned MUL-A and has an empty lot behind ( 0 Zophi) that is R6. MUL-A allows for commercial, residential, Air BNB or mixed use. UZO helps increase density & reduces parking Required.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,294 | 1,741.5 | 24% |
| Lot Size | 11,761 | 12,632 | 46% |
| Price | $0 | $542.5K | 17% |
| Price per sq ft | $0 | $330 | 17% |
| Built year | 1935 | 1950 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 2362 | 617 | 79% |
No pricing history data available.