
Nashville, TN 37206
This Turnkey Historic Residence represents a High-Potential Investment Opportunity, listed at $1,295,000—positioned well below the $1,338,215 Fair Market Value by 3%. This valuation gap offers $43,215 in Instant Equity. Featuring a fully renovated 4,436 sqft main home and a newly constructed ADU, the property maintains an Excellent Condition Rating. With its prime East Nashville location and income-producing potential, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle with built-in rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1129 Sharpe Ave Subject | $1,179,900* List Price | 5 | 5 | 3,686 | $320 | - |
A 407 Scott Ave Sold | $1,210,000 | 5 | 5 | 4,121 | $294 | 0.5 mi |
B 1000 Douglas Ave Sold | $1,165,000 | 4 | 5 | 3,659 | $318 | 0.3 mi |
C 1408 Douglas Ave Sold | $1,038,000 | 4 | 4 | 2,589 | $401 | 0.3 mi |
D 1303 Ordway Pl Sold | $1,325,000 | 3 | 3 | 3,219 | $412 | 0.6 mi |
E 214 Chapel Ave Sold | $1,010,000 | 4 | 3 | 2,744 | $368 | 0.5 mi |
F 1429 Roberts Ave Sold | $950,000 | 4 | 2 | 2,351 | $404 | 0.2 mi |
G 1027 Chicamauga Ave Sold | $927,000 | 3 | 2 | 2,559 | $362 | 0.5 mi |
H 996 Douglas Ave Active | $1,185,000 List Price | 4 | 5 | 3,659 | $324 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1930, the property has undergone a complete top-to-bottom renovation with high-end modern finishes. The kitchen features premium appliances and stone counters, bathrooms are updated with contemporary wet-room designs, and the addition of a newly constructed ADU confirms a recent, comprehensive overhaul that requires no maintenance.
The property includes a newly constructed detached apartment above the garage, offering a turnkey opportunity for rental income, a guest suite, or a private home office in a high-demand rental market.
This 1930s home has been fully restored from top to bottom, seamlessly blending original architectural character with modern luxury finishes and expansive living spaces across 4,436 square feet.
Situated in one of East Nashville's most desirable neighborhoods, the home offers exceptional walkability to Five Points, local boutiques, and award-winning dining, while remaining minutes from downtown.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4436, other record living area = 2996. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property is zoned for schools with lower performance ratings, particularly the high school, which may be a consideration for families prioritizing public education metrics.
With a lot size of approximately 0.18 acres and a large building footprint including the main house and detached garage, the remaining private yard space is relatively modest for a luxury-tier property.
Beautifully restored and thoughtfully renovated, this exceptional East Nashville property combines historic character, modern comfort, and a level of flexibility rarely found in today’s market. The main residence features 4 bedrooms, 3.5 bathrooms, generous living spaces, abundant natural light, and thoughtful updates throughout. Original architectural details have been carefully preserved and complemented by modern finishes, creating a home that feels both timeless and move-in ready. Above the oversized two-car garage, a newly constructed apartment with its own private entrance, bedroom, bathroom, and balcony offers exceptional versatility. Whether used as a guest suite, home office, creative studio, private retreat, or accommodations for extended family, the space provides flexibility that can evolve with your needs for years to come. Enjoy mornings on the welcoming front porch, evenings in the private backyard, and the convenience of alley access, a concrete driveway, and ample off-street parking. Ideally located in the heart of East Nashville, the home offers easy access to neighborhood restaurants, coffee shops, parks, and local favorites, while remaining just minutes from Five Points and downtown Nashville. The result is the perfect balance of walkability, convenience, and community. With nearly 3,700 square feet of living space, a detached apartment, oversized garage, and prime location, this is a rare opportunity to own one of East Nashville’s most distinctive and versatile properties.
No exterior & parking available.
Grades PK-4 • 1.4 mi
Grades PK-4 • 1.5 mi
Grades 5-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,686 | 2,093.129 |
| Lot Size | 7,841 | 10,890 |
| Price | $1.18M | $568.3K |
| Price per sq ft | $320 | $307 |
| Built year | 1930 | 1971 |
| HOA | $0 | $137 |
| Days on market | 99 | 69 |
Sep 4, 2026
$1,179,900
$1,185,000
+0% Price Increase
Initial Listing
Jul 21, 2026
$1,185,000
$1,195,000
-1% Price Drop
Initial Listing
Jun 30, 2026
$1,195,000
$1,235,000
-3% Price Drop
Initial Listing
Jun 18, 2026
$1,235,000
$1,295,000
-5% Price Drop
Initial Listing
Jun 2, 2026
$1,295,000
Initial Listing
Jan 15, 1997
$50,000
Public Record