1232 Joseph Ave, Nashville, TN 37207, Nashville, 37207 - 3 bed, 2 bath
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Nashville, TN 37207
This Renovated 1930s Character Home serves as a strategic Value-Add Opportunity listed at $545,000. This price reflects a premium for the unfinished DADU structure and a Condition Rating of 3, compared to the $482,378 Fair Market Value. The interior features high-end custom cabinetry and concrete countertops, while the exterior offers a private deck and hot tub. Market trends in this walkable East Nashville pocket show strong demand for multi-structure lots near Shwab Elementary. This property is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1232 Joseph Ave Subject | $540,000* List Price | 3 | 2 | 1,145 | $409 | - |
A 1303 Pennock Ave Sold | $485,000 | 3 | 2 | 1,089 | $445 | 0.3 mi |
B 1303 Pennock Ave Sold | $485,000 | 3 | 2 | 1,080 | $449 | 0.3 mi |
C 1014 Stockell St Sold | $389,000 List Price | 2 | 2 | 1,131 | 0.3 mi | |
D 302 Marshall St E Sold | $490,000 | 3 | 2 | 1,258 | $390 | 0.6 mi |
E 711 Cherokee Ave Sold | $422,000 | 2 | 2 | 1,178 | $358 | 1.0 mi |
F 1121 N 2nd St Sold | $600,000 | 3 | 2 | 1,495 | $401 | 0.2 mi |
G 1228 N 2nd St Active | $530,000 List Price | 3 | 2 | 1,469 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates that blend well with its 1930s character. The kitchen is a highlight with custom floor-to-ceiling cabinetry, concrete countertops, and subway tile backsplashes. Interior finishes include updated light fixtures and well-maintained original hardwood floors. While the interior presents very well, the 'good' rating is assigned rather than 'excellent' due to the property's age, visible cracking in the exterior concrete steps/retaining wall, and the fact that the secondary structure remains an unfinished construction project.
The property includes a second structure with construction already underway, offering a significant opportunity to complete a Detached Accessory Dwelling Unit (DADU) for rental income or guest quarters.
This 1930s home perfectly blends original charm, such as hardwood floors and exposed wood ceilings, with high-end modern updates including custom cabinetry and concrete countertops.
Situated in a sought-after East Nashville pocket, the home is within walking distance to McFerrin Park and local favorites like Retrograde Coffee, while remaining minutes from Downtown and Nissan Stadium.
The second structure is currently an active construction project, requiring the buyer to invest additional time, capital, and permitting efforts to make the space functional.
The assigned middle and high schools carry low ratings, which may be a concern for families prioritizing public education and could impact future resale appeal to that demographic.
Now offered at an improved price, this East Nashville home sits on a quiet, fully fenced lot and combines classic character with modern updates while offering strong future potential. The backyard is a private retreat with a large deck and hot tub, perfect for relaxing or entertaining, all just minutes from Downtown, Germantown, and Nissan Stadium. Inside, you will find original hardwood floors, exposed wood ceilings, and a brick fireplace that bring warmth and character, complemented by updated features like custom floor-to-ceiling cabinetry and concrete countertops in the kitchen. A second structure on the property provides added flexibility, with construction already started and ready to be finished as a DADU, guest space, or potential rental with proper permitting. Located within walking distance to Retrograde Coffee, local restaurants, and McFerrin Park, this home offers a unique opportunity in one of Nashville’s most sought-after areas.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 0.6 mi
Grades 5-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,145 | 1,495.5 | 27% |
| Lot Size | 6,970 | 8,712 | 28% |
| Price | $540.0K | $377.4K | 88% |
| Price per sq ft | $472 | $240 | 96% |
| Built year | 1930 | 1970 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 295 | 358 | 46% |
Apr 3, 2026
$540,000
$545,000
-1% Price Drop
Initial Listing
Jul 1, 2025
$545,000
Initial Listing