122 Porter Terrace, Nashville, TN 37206, Nashville, 37206 - 2 bed, 2 bath
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122 Porter Terrace
Nashville, TN 37206
ACTIVE
CONDITION: GOOD
2Beds
2Baths
896Sq Ft
436Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$311,333
3% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $320,000—positioned well below the $331,044 Fair Market Value by 3%. This valuation gap offers $11,044 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers a move-in-ready interior with fresh paint and tile flooring. Located in the heart of East Nashville, this property provides an ideal lifestyle for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, walkable urban residence.
Estimated Market Value
$311,333+$12,333 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 122 Porter Terrace Subject | $299,000* List Price | 2 | 2 | 896 | $347 | - |
A 1507 Porter Rd 203 Active | $321,000 List Price | 1 | 1 | 783 | $410 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1985, the interior has undergone a recent renovation including fresh paint, new carpet, and modern tile flooring. The unit is move-in ready with updated lighting and fixtures, though the bathroom vanity and tile appear to be functional, mid-range updates rather than high-end luxury.
PROSSTRENGTHS & OPPORTUNITIES
- Prime East Nashville Location
Ideally situated in the heart of East Nashville, this property offers exceptional walkability to local shops and restaurants and is just a five-minute drive from downtown Nashville.
- Turnkey Renovated Condition
The condo features fresh paint, updated tile flooring, and an all-brick exterior, providing a move-in-ready, low-maintenance opportunity for homeowners or investors.
- Desirable End-Unit Privacy
As an end-unit, the property benefits from increased privacy and potentially more natural light compared to interior units, all while maintaining a very low monthly HOA fee.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At just 896 square feet, the living space is relatively compact, which may be a constraint for buyers requiring more storage or larger common areas.
- Underperforming School District
The assigned elementary and high schools have low ratings (2/10), which could deter families and potentially impact long-term appreciation compared to other neighborhoods.
About 122 Porter Terrace
Renovated beautiful all-brick end-unit condo featuring 2 bedrooms and 1.5 bathrooms in the heart of East Nashville. Ideally located within walking distance of popular restaurants, local shops, and neighborhood favorites, and just 5 minutes from downtown Nashville. Inside, you'll find fresh paint throughout, carpeted bedrooms, and tile flooring on the main level, creating a clean, move-in-ready space. This charming home offers the perfect blend of comfort, convenience, and low-maintenance living. One of the best features of this neighborhood is its strong sense of community. Residents enjoy walking their dogs, riding bikes, meeting friends for coffee, and taking advantage of the vibrant local dining and entertainment scene just minutes from home. Whether you're searching for a place to call home or a turnkey investment opportunity, this condo is an excellent choice.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 436 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $145 / Month
Neighborhood Insights
Nashville Unified Schools
Inglewood Elementary School
Grades PK-4 • 0.3 mi
2/10
Rosebank Elementary School
Grades PK-4 • 0.8 mi
4/10
Bailey Middle School
Grades 5-8 • 0.6 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 896 | 1,009.207 |
| Lot Size | 436 | 871 |
| Price | $299.0K | $339.9K |
| Price per sq ft | $334 | $344 |
| Built year | 1985 | 2007 |
| HOA | $145 | $329 |
| Days on market | 42 | 91 |
Pricing History
Listed for Sale
Aug 31, 2026
$299,000
$310,000
-4% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$310,000
$315,000
-2% Price Drop
Initial Listing
Price Change
Aug 13, 2026
$315,000
$320,000
-2% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$320,000
Initial Listing
Sold
Dec 23, 1993
$50,000
Public Record