1338 Pennock Ave, Nashville, TN 37207, Nashville, 37207 - 5 bed, 2 bath
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1338 Pennock Ave
Nashville, TN 37207
ACTIVE
CONDITION: FAIR
5Beds
2Baths
2,755Sq Ft
8,712Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$707,861
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $819,511 Fair Market Value by 2%. This valuation gap offers $20,511 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization, yet its rare 5-bedroom layout and double lot provide significant upside for expansion or DADU development. Located in the appreciating Cleveland Park area, this is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to maximize long-term equity.
Estimated Market Value
$707,861
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 |
|---|---|---|---|---|---|---|
★ 1338 Pennock Ave Subject | $725,000* List Price | 5 | 2 | 2,755 | $257 | - |
A 335 Pullen Ave Active | $590,000 List Price | 3 | 2 | 1,876 | $314 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1932, the property is significantly dated. While it features some newer stainless steel appliances and a tile backsplash, the kitchen cabinetry, bathroom fixtures, and overall layout reflect renovations or maintenance older than 20 years. The listing description's focus on 'possibilities' and 'reimagining the footprint' confirms it needs updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The rare double lot provides exceptional flexibility for the East Nashville market, offering ample space for a Detached Accessory Dwelling Unit (DADU), a large garage, or a significant footprint expansion to maximize ROI.
- Rare High-Capacity Layout
A 5-bedroom configuration is uncommon in this historic area; combined with over 2,700 square feet, the home offers versatile options for multi-generational living, roommates, or a high-yield rental strategy.
- Prime Appreciation Location
Situated in the rapidly developing Highland Heights/Cleveland Park area, the property is minutes from downtown and the massive East Bank development project, ensuring strong long-term equity growth.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
- Low School Ratings
The property is zoned for middle and high schools with ratings of 2/10, which may deter families who are reliant on the local public school system.
- Inadequate Bathroom Ratio
With 5 bedrooms but only 2 bathrooms, the home has a disproportionate bed-to-bath ratio that may be inconvenient for large households and likely requires additional capital investment to modernize.
About 1338 Pennock Ave
Welcome to 1338 Pennock Avenue in East Nashville—a rare 5-bedroom, 2-bath opportunity sitting on a double lot with endless possibilities. Beautiful craftsman with original hardwood floors throughout the main level. Tucked in the heart of the desirable Cleveland Park / Highland Heights area (37207), this property offers the kind of space and flexibility that’s increasingly hard to find so close to downtown Nashville. The generous double lot provides room to expand, add a detached garage or DADU, create outdoor living areas, or reimagine the entire footprint. Inside, the 5-bedroom layout delivers versatility for a large family, multi-generational living, roommates, or creative conversion potential. Enjoy the best of East Nashville living: walkable to local favorites, just minutes to downtown, the East Bank developments, and major thoroughfares. In one of Nashvilles most dynamic and appreciating areas!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1932
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Shwab Elementary School
Grades PK-4 • 0.4 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 | 5.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,755 | 2,093.129 |
| Lot Size | 8,712 | 10,890 |
| Price | $725.0K | $568.3K |
| Price per sq ft | $263 | $307 |
| Built year | 1932 | 1971 |
| HOA | $0 | $137 |
| Days on market | 63 | 69 |
Pricing History
Listed for Sale
Sep 4, 2026
$725,000
$730,000
-1% Price Drop
Initial Listing
Price Change
Aug 30, 2026
$730,000
$749,000
-3% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$749,000
$765,000
-2% Price Drop
Initial Listing
Price Change
Aug 13, 2026
$765,000
$775,000
-1% Price Drop
Initial Listing
Price Change
Aug 4, 2026
$775,000
$799,000
-3% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$799,000
Initial Listing
Sold
Oct 30, 1997
$55,000
Public Record