1214 Katie Ave, Nashville, TN 37207, Nashville, 37207 - 0 bed, 0 bath
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Nashville, TN 37207
This Value-Add Duplex Asset is listed at $389,700, positioned near its $355,809 Fair Market Value. While the price reflects a Condition Rating of 4, the property offers significant upside through confirmed HPR lot split potential. Located in the rapidly appreciating 37207 zip code, the asset features one renovated unit and a strong rental history, ensuring immediate cash flow despite lower-rated public schools. Converting the duplex to a single-family home unlocks massive development equity in the rear lot. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to maximize ROI.
Property is moderate renovation needed.
This 1981 duplex exhibits a split condition between its two units. One unit has been recently renovated with modern white shaker cabinets, stainless steel appliances, and updated flooring, which would qualify as good to excellent. However, the other unit remains significantly dated with original oak cabinetry, older appliances, and worn carpeting. The presence of window AC units suggests the lack of a modern central HVAC system. While the property is functional and well-maintained, it requires further updates to the second unit and systems to reach a higher condition rating.
The property features confirmed codes allowing for a lot split to create an HPR (Horizontal Property Regime) in the rear if the duplex is converted to a single-family home, offering a massive equity-building opportunity.
With a strong rental history already in place, this duplex is ideal for investors seeking immediate cash flow or owner-occupants looking to house-hack and offset their mortgage costs.
Situated in the 37207 zip code, one of Nashville's most sought-after and rapidly appreciating pockets, ensuring strong long-term demand and resale value.
The assigned public schools have low ratings, ranging from 1 to 4, which may be a significant drawback for families with school-aged children.
Unlocking the maximum development potential requires converting the existing duplex into a single-family residence, which involves additional capital expenditure and navigating the permitting process.
Charming duplex with strong rental history in one of Nashville's most sought after pockets. Codes confirmed — Lot can be split to create an HPR in the back if the duplex is converted to single family -unlocking serious value-add potential. Great opportunity for an investor looking to maximize returns or an owner-occupant ready to offset carrying costs.
No exterior & parking available.
Grades K-4 • 3.1 mi
Grades 5-8 • 9.3 mi
Grades 9-12 • 5.8 mi
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 | 1,323 | 1,509.5 | 50% |
| Lot Size | - | - | 50% |
| Price | $369.5K | $370.8K | 50% |
| Price per sq ft | $279 | $243 | 50% |
| Built year | 1981 | 1983 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 280 | 25% |
Apr 26, 2026
$369,500
$389,700
-5% Price Drop
Initial Listing
Apr 14, 2026
$389,700
Initial Listing