1202 Kirkland Ave, Nashville, TN 37216, Nashville, 37216 - 0 bed, 0 bath
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1202 Kirkland Ave
Nashville, TN 37216
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,412Sq Ft
0Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$882,092
SUMMARY
This Strong Value Opportunity is a fully occupied tri-plex listed at a List Price of $875,000, positioned well below the $882,093 Fair Market Value by 0.8%. Featuring a Good Condition Rating following a 2018 renovation, this asset offers immediate cash flow with a gross annual rent of $73,800. Its prime location near Riverside Village ensures high rental demand and long-term stability. This property is an ideal acquisition for Buy-and-Hold Investors or passive income seekers looking for a turnkey, income-producing asset in East Nashville.
Estimated Market Value
$882,092
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 |
|---|---|---|---|---|---|---|
★ 1202 Kirkland Ave Subject 0 bd · 0 ba · 3,412 sqft · $259 | $875,000* List Price | 0 | 0 | 3,412 | $259 | - |
A 3506 Golf St Active 0 bd · 0 ba · 2,870 sqft · $244 · 0.3 mi | $699,900 List Price | 0 | 0 | 2,870 | $244 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property was built in 1946 but underwent a full renovation in 2018 (approximately 8 years ago), fitting the 5-15 year renovation window for a 'Good' rating. The images show well-maintained hardwood and finished concrete flooring, updated bathrooms with modern vanities, recessed lighting, and overall clean, move-in ready conditions.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Rental Income
The property generates a robust gross annual rent of $73,800 with full occupancy and long-term leases, providing immediate cash flow and stability for investors.
- Turnkey Condition
A comprehensive renovation in 2018 ensures modern interiors and updated systems, significantly reducing the need for immediate capital expenditures.
- Prime East Nashville Location
Situated near the popular Riverside Village, the property is in a high-demand rental submarket known for its walkability and appreciation potential.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Despite the 2018 renovation, the original 1946 construction may present long-term maintenance challenges associated with older structural components.
- Shared Outdoor Space
The reliance on a large shared backyard and communal parking may limit tenant privacy and increase the complexity of property management.
About 1202 Kirkland Ave
Fully Occupied Income producing Tri-plex located close to Riverside Village in East Nashville! The property was fully renovated in 2018. Gross annual rent is $73,800. The property is configured with the following: Unit B (main floor) offers 4 bedrooms and 2 bathrooms, Unit A (lower floor) offers oversized 1 bedroom and 1 bathroom, Unit C (top floor) offers vaulted ceiling 1 bedroom and 1 bathroom. Expansive parking (Unit B in front, and Units A & C in back) and a large shared fenced in backyard. Each unit has its own washer / dryer in unit. All units are unique and historically rent quickly. Excellent investment property on a fantastic street! All Long term leases.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1946
- 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 | 3,412 | 1,967.444 |
| Lot Size | - | - |
| Price | $875.0K | $455.6K |
| Price per sq ft | $256 | $238 |
| Built year | 1946 | 1964 |
| HOA | $0 | $0 |
| Days on market | 52 | 82 |
Pricing History
Listed for Sale
Sep 2, 2026
$875,000
Initial Listing
Sold
May 5, 1995
$99,900
Public Record