1202 Kirkland Ave, Nashville, TN 37216, Nashville, 37216 - 0 bed, 0 bath
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Nashville, TN 37216
This Turnkey Triplex is a Strong Value Opportunity, listed at $949,000—positioned well below the $1,025,241 Fair Market Value by 7%. This valuation gap provides $76,241 in Instant Equity. Fully renovated in 2018, the property maintains a Condition Score of 3, featuring modern kitchens, stainless appliances, and a multi-level deck. With a gross annual rent of $70,800 and a prime location near Riverside Village, it offers immediate cash flow and high rental demand. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in East Nashville.
Property is move-in ready.
The property was fully renovated in 2018, placing it within the 5-15 year window for an extensive renovation. The interiors are move-in ready and feature modern updates including dark shaker-style cabinetry, subway tile backsplashes, stainless steel appliances, and refinished hardwood flooring. While the structure dates to 1946, the updated kitchens, bathrooms, and multi-level decking indicate well-maintained systems and minimal physical depreciation.
The property was fully renovated in 2018, offering modern interiors and updated systems that minimize the need for immediate capital expenditures.
Situated near Riverside Village, the property is located in a high-demand rental submarket known for its walkability and proximity to popular local amenities.
With a gross annual rent of $70,800 and a history of quick leasing, this triplex provides a robust and proven income stream for investors.
The property utilizes a single meter for utilities paid by the landlord, which increases operational overhead and prevents direct billing of usage to individual tenants.
Originally built in 1946, the property may have underlying structural or system components that require more frequent maintenance compared to newer constructions.
Income producing Tri-plex located by Riverside Village in East Nashville! The property was fully renovated in 2018. Gross annual rent is $70,800. The property is configured with the following: Unit B (main floor) offers 4 bedrooms and 2 bathrooms, Unit A (lower floor) offers 1 bedroom and 1 bathroom, Unit C (top floor) offers 1 bedroom and 1 bathroom. Expansive parking (Unit B in front, and Units A & C in back) and a large fenced in backyard. Each unit has its own washer / dryer in unit. One meter per utility paid by the landlord. All units are unique and historically rent quickly. Excellent investment property on a fantastic street!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,412 | 3,412 | 50% |
| Lot Size | - | - | 50% |
| Price | $949.0K | $565.0K | 80% |
| Price per sq ft | $278 | $242 | 60% |
| Built year | 1946 | 1950 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 315 | 20% |
Apr 13, 2026
$949,000
Initial Listing
May 5, 1995
$99,900
Public Record