1309 Jones Ave, Nashville, TN 37207, Nashville, 37207 - 0 bed, 0 bath
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1309 Jones Ave
Nashville, TN 37207
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,960Sq Ft
0Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$588,712
10% BelowMARKET VALUE
SUMMARY
This Triplex Residential Income property is a Strong Value Opportunity, listed at $525,000—positioned well below the $588,712 Fair Market Value by 10%. This valuation gap offers $63,712 in Instant Equity. Featuring a Condition Rating of 3, the asset includes significant capital improvements like new electrical and an encapsulated crawlspace. With 6 dedicated parking spaces, it is optimized for immediate rental income. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$588,712+$63,712 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 |
|---|---|---|---|---|---|---|
★ 1309 Jones Ave Subject | $525,000* List Price | 0 | 0 | 1,960 | $300 | - |
A 1123 N 6th St Sold | $490,000 | 0 | 0 | 1,554 | $315 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1938, the property has undergone substantial updates including new electrical systems, an encapsulated crawlspace, and updated kitchens with new stainless steel appliances. The interior features fresh paint and well-maintained flooring, making it move-in ready, though the use of window AC units and basic cabinetry prevents an Excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Capital Improvements
Substantial updates including new electrical systems, updated kitchens, and an encapsulated crawlspace reduce immediate CAPEX and provide long-term structural peace of mind.
- Exceptional Parking Ratio
The inclusion of six dedicated parking spaces is a rare and highly desirable feature for a triplex in this area, significantly increasing tenant appeal and convenience.
- Immediate Income Optimization
The property is primed for immediate occupancy at current market rates, allowing investors to maximize cash flow from day one without the burden of existing low-rent leases.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned middle and high schools have low ratings (2/10), which may limit the appeal for families and impact the property's long-term tenant demographics.
- Vintage Structural Age
Originally built in 1938, the property may require ongoing vigilance for age-related maintenance issues common in older homes, despite recent updates.
About 1309 Jones Ave
Unlock immediate value with this substantially updated triplex located at 1309 Jones Ave. This property is primed for investors looking for a hassle-free addition to their portfolio. Enjoy the flexibility to place your own high-quality residents immediately at market rates. Investors will appreciate the significant capital improvements, including updated kitchens, new electrical systems, and an encapsulated crawlspace for long-term peace of mind. Parking is a breeze with 6 dedicated spaces—a rare and highly desirable feature in this area. Looking to house hack? What better way to do it, and close to everything! Buyer to conduct own due diligence on expenses.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1938
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Shwab Elementary School
Grades PK-4 • 0.8 mi
6/10
Tom Joy Elementary School
Grades PK-4 • 1.0 mi
6/10
Jere Baxter Middle School
Grades 5-8 • 1.7 mi
2/10
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 | 1,960 | 1,688.769 |
| Lot Size | - | - |
| Price | $525.0K | $430.8K |
| Price per sq ft | $268 | $248 |
| Built year | 1938 | 1963 |
| HOA | $0 | $0 |
| Days on market | 23 | 75 |
Pricing History
Listed for Sale
Aug 17, 2026
$525,000
Initial Listing