
Nashville, TN 37206
This Historic Modern Hybrid is a Value-Add Primary Residence listed at $1,449,000—positioned below the $1,471,119 Fair Market Value by 1%. This valuation offers $22,119 in Instant Equity. Featuring a Condition Rating of 2, the home includes a high-end renovation, private deck, and a detached 1BR/1BA apartment with STR eligibility. Located in Lockeland Springs near Top-Rated Elementary Schools, it offers a rare blend of luxury and income potential. This property is ideal for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1129 Sharpe Ave Subject | $1,395,000* List Price | 5 | 5 | 3,686 | $392 | - |
A 1621 Sumner Ave Sold | $1,250,000 | 4 | 4 | 3,768 | $332 | 0.3 mi |
B 1118 Douglas Ave Sold | $1,170,000 | 4 | 4 | 2,723 | $430 | 0.2 mi |
C 1118 Douglas Ave Sold | $1,170,000 | 4 | 4 | 2,723 | $430 | 0.2 mi |
D 1000 Douglas Ave Active | $1,175,000 List Price | 4 | 5 | 3,659 | $321 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1930s historic home has undergone a complete, high-end renovation within the last 5 years, effectively bringing it to like-new condition. The interior features a modern chef's kitchen with premium stainless steel appliances and shaker cabinetry, designer bathrooms with marble-style tiling and contemporary gold fixtures, and new wide-plank wood flooring throughout. The property also includes a newly constructed detached garage and apartment, meeting the highest standards for quality and modern living with no deferred maintenance.
The property features a newly built 1BR/1BA apartment above a two-car garage, with both the main house and the unit eligible for short-term rentals (Airbnb), providing significant revenue opportunities.
This 1930s home has been meticulously renovated to blend original historic character and tall ceilings with modern open-concept living and high-end finishes throughout.
Situated in the heart of Lockeland Springs, the home offers exceptional walkability to Five Points and East Nashville’s most popular restaurants, boutiques, and coffee shops.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3686, other record living area = 2996. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The assigned high school, Stratford Comp High, currently holds a low rating of 2, which may be a concern for families prioritizing public school performance.
At approximately 0.18 acres, the lot is relatively small for a luxury price point, particularly with the footprint of the detached garage and apartment limiting private yard space.
Historic Lockeland Springs Fully Renovated Home with Newly Built Apartment & Income Potential! Nestled in the heart of Lockeland Springs, one of East Nashville’s most treasured historic neighborhoods, this fully renovated home combines classic character with modern updates and exceptional income potential. The main residence features four bedrooms and three and a half baths, with sun-filled, open living spaces designed for both relaxed everyday living and effortless entertaining. Tall ceilings, high-quality finishes, and thoughtfully preserved historic details create a sense of warmth and timeless charm. Adding even more value, a newly built one-bedroom, one-bath apartment sits above a large two-car garage, complete with a private walkout balcony. Both the main house and the apartment are eligible for Airbnb or short-term rental, while also offering strong long-term rental potential — a rare opportunity for income in one of Nashville’s most desirable areas. Begin your day on the inviting front porch, relax in the private backyard retreat, and enjoy the convenience of a dedicated driveway with alley access. Just minutes from Five Points, local restaurants, coffee shops, boutiques, and downtown, this home offers walkable urban living wrapped in historic charm. Whether you’re looking for a primary residence, a smart investment, or both, this move-in-ready property delivers a perfect blend of location, versatility, and lasting value.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 3,686 | 1,856 | 95% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $1.40M | $584.9K | 92% |
| Price per sq ft | $378 | $356 | 58% |
| Built year | 1930 | 1938 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 711 | 0% |
Apr 8, 2026
$1,395,000
$1,449,000
-4% Price Drop
Initial Listing
Mar 19, 2026
$1,449,000
Initial Listing
Jan 15, 1997
$50,000
Public Record