1339 Otay St, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well above the $384,525 Fair Market Value by -3%. Featuring a Fair Condition Rating, this 1920s all-brick structure requires a comprehensive renovation to address its 1/3 bedroom-to-bathroom ratio. The expansive 11,761 sqft lot offers significant redevelopment potential in a high-demand East Nashville pocket. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the neighborhood's ongoing appreciation and new construction trends.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1339 Otay St Subject | $399,000* List Price | 3 | 1 | 1,510 | $255 | - |
A 1125 Leland Ave Sold | $320,000 | 2 | 2 | 1,559 | $205 | 0.4 mi |
B 1425 Shelton Ave Sold | $450,000 List Price | 4 | 2 | 2,026 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920 (100+ years old) with no mention of recent renovations to kitchen, baths, or systems. The listing explicitly markets the property as a 'project,' 'redevelopment opportunity,' or 'renovation' prospect, indicating it requires a full rehab to meet modern safety and aesthetic standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1510.
Situated in a high-demand East Nashville pocket near Riverside Village, the property benefits from significant neighborhood appreciation and surrounding new construction, ensuring strong future value.
The expansive 11,761 sqft lot provides ample space for redevelopment, expansion, or potential accessory dwelling units, offering rare flexibility in an urban setting.
As a 100-year-old property marketed for its 'potential,' it likely requires a full systems overhaul and substantial capital investment to meet modern building standards.
The current configuration of three bedrooms and only one bathroom is a significant drawback for modern families and will require costly plumbing additions to maximize resale value.
Unlock the potential, a prime opportunity situated in one of East Nashville’s most sought-after areas. This all brick property offers an exceptional chance to capitalize on the neighborhood’s continued growth. The existing home provides options for renovation, rental income, or redevelopment. With multiple newly constructed homes on the same street and throughout the surrounding area, the possibilities for future value creation are significant. Ideally located just minutes from Downtown Nashville, Riverside Village, local restaurants, shopping, and entertainment, this property combines a desirable location with upside potential. Whether you're looking for your next project, a development opportunity, or a property to transform into your vision, this home has the flexibility, and potential to make it happen. Opportunities like this in East Nashville are becoming increasingly rare—schedule your showing today and explore the possibilities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,510 | - |
| Lot Size | 11,761 | - |
| Price | $399.0K | $556.8K |
| Price per sq ft | $264 | $306 |
| Built year | 1920 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 484 |
Jun 10, 2026
$399,000
Initial Listing