1202 Kirkland Ave, Nashville, TN 37216, Nashville, 37216 - 0 bed, 0 bath
Loading property details...
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 fully occupied triplex represents a Strong Value Opportunity, listed at a List Price of $875,000—positioned well below the $882,093 Fair Market Value by 0.8%. This valuation gap offers $7,093 in Instant Equity. Featuring a Good Condition Rating following a 2018 renovation, the property provides immediate cash flow from long-term leases. With its prime location near Riverside Village and modern unit finishes, this is a stable, income-generating Asset ideal for Buy-and-Hold Investors or passive income seekers.
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 | $875,000* List Price | 0 | 0 | 3,412 | $259 | - |
A 3506 Golf St Active | $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 underwent a full renovation in 2018 (8 years old relative to the 2026 listing date), placing it within the 5-15 year renovation window for a 'Good' rating. Interior photos show modern finishes, updated flooring including hardwood and polished concrete, recessed lighting, and updated bathrooms. Systems appear functional and the property is move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Generation
The property produces a robust gross annual income of $73,800 with full occupancy and long-term leases, offering immediate cash flow and a strong yield for investors.
- Turnkey Renovated Condition
Extensively renovated in 2018, the units feature modern updates, vaulted ceilings in the top unit, and individual washer/dryers, significantly reducing near-term capital expenditure.
- Prime East Nashville Location
Located near the highly desirable Riverside Village, the property sits in a high-demand rental pocket known for rapid appreciation and low vacancy rates.
CONSRISKS & DEFICIENCIES
- Vintage Structural Age
Originally constructed in 1946, the property may present underlying maintenance challenges inherent to older buildings that renovations might not fully address.
- Shared Common Areas
The reliance on a large shared backyard and communal parking layout can increase management complexity and potential friction between tenants across the three units.
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
- Triplex
- 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 | 1,688.769 |
| Lot Size | - | - |
| Price | $875.0K | $430.8K |
| Price per sq ft | $256 | $248 |
| Built year | 1946 | 1963 |
| HOA | $0 | $0 |
| Days on market | 7 | 75 |
Pricing History
Listed for Sale
Sep 2, 2026
$875,000
Initial Listing
Sold
May 5, 1995
$99,900
Public Record