
Nashville, TN 37212
This property presents a High-Potential Investment Opportunity with a List Price of $1,395,000—positioned well above the $1,209,320 Fair Market Value by -15%. While requiring a full renovation, the Poor Condition Rating is offset by a high-performing 900 sq. ft. DADU generating consistent rental income. The 12 South location and historic craftsman architecture provide a solid foundation for value-add expansion. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage short-term rental income while modernizing a historic Nashville residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 Elmwood Ave Subject 3 bd · 2 ba · 2,749 sqft · $440 | $1,395,000* List Price | 3 | 2 | 2,749 | $440 | - |
A 1303 Ashwood Ave Sold 3 bd · 3 ba · 2,215 sqft · $483 · 0.2 mi | $1,070,000 | 3 | 3 | 2,215 | $483 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, the main house is explicitly described as being 'ready for a full renovation' to bring it into the 21st century. While the property is move-in ready and includes a new DADU, the primary residence features a dated bathroom and requires a comprehensive rehab rather than minor updates, placing it in the poor category based on the need for significant modernization of systems and interiors.
Situated in the heart of 12 South, one of Nashville’s most desirable and walkable neighborhoods, ensuring strong long-term appreciation and lifestyle appeal.
The property includes a new 900 sq. ft. detached accessory dwelling unit with a proven 85-90% short-term rental occupancy rate, providing immediate cash flow or flexible guest space.
This 1920s craftsman retains rare original features like old-growth pine woodwork and tall ceilings, offering a solid structural foundation and timeless aesthetic value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2749, other record living area = 3649.
The main residence is only partially restored and necessitates a full-scale renovation to modernize its systems and layout for 21st-century standards.
Given the $1.395M list price, the additional capital required for a full renovation and expansion may push the total investment above the immediate neighborhood ceiling.
Welcome to a classic 1920s brick home in the heart of 12 South, one of Nashville’s trendiest and most desirable neighborhoods. Walking in, feel the warmth of tall ceilings, old-growth pine wooden features rarely found in new homes, replaced hardwood floors, plenty of light and the solid structure of a craftsman-built home. It features 3 bedrooms (primary downstairs), 2 full baths, an upstairs sitting area, downstairs parlor, den and screened in deck. Lovingly but only partially restored, it is now ready for a full renovation to expand its size and bring it into the 21st century while retaining its historic character. Also included in the sale is a brand new 2 car garage with office/studio space on the first floor and a fully equipped one bedroom apartment above which has been used for short-term rentals with 85-90% occupancy year round. Or, it is move-in ready should a new owner wish to live there while renovating the main house. This is a rare opportunity to move into 12 South and put your personal stamp on a classic historic home worthy of your love, care and attention! DADU sq ft is roughly 900.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,749 | 2,045.139 |
| Lot Size | 9,148 | 10,890 |
| Price | $1.40M | $556.0K |
| Price per sq ft | $507 | $305 |
| Built year | 1925 | 1971 |
| HOA | $0 | $133 |
| Days on market | 51 | 70 |
Sep 3, 2026
$1,395,000
Initial Listing
Aug 19, 1997
$86,500
Public Record
Jun 28, 1991
$86,500
Public Record