1421 Electric Avenue, Nashville, TN 37206, Nashville, 37206 - 3 bed, 2 bath
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Nashville, TN 37206
This Updated East Nashville Cottage is a Strong Value Opportunity, listed at $515,000—positioned well below the $567,500 Fair Market Value by 9%. This valuation gap offers $52,500 in Instant Equity. The home maintains a Move-in Ready Condition Rating, featuring an updated open-concept layout, private primary suite, and a functional outdoor deck. Located steps from Shelby Park and 5 Points, the property balances urban lifestyle with financial upside. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1421 Electric Avenue Subject | $499,000* List Price | 3 | 2 | 945 | $493 | - |
A 1424 Sevier Ct Sold | $450,000 | 2 | 2 | 990 | $455 | 0.1 mi |
B 1424 Sevier Ct Sold | $450,000 | 2 | 2 | 1,003 | $449 | 0.1 mi |
C 1713 Eastside Ave Sold | $440,000 | 2 | 1 | 902 | $488 | 0.4 mi |
D 1713 Eastside Ave Sold | $440,000 | 2 | 1 | 902 | $488 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition, featuring an updated open-concept layout and a private primary suite. Although originally built in 1950, the home has been well-maintained and recently refreshed with new interior paint. The kitchen includes modern touches such as butcher block countertops and stainless steel appliances, and the hardwood flooring appears to be in good condition. While it is not a brand-new construction or a total high-end renovation, it is functional and turnkey for a buyer.
Situated in a highly desirable East Nashville neighborhood, the property is minutes from Shelby Park, 5 Points, and Shelby Golf Course, offering an ideal lifestyle for active residents.
The home is move-in ready, featuring a freshly painted interior, an updated open-concept layout, and a private primary suite, which is a significant advantage for a 1950s build.
The property boasts excellent outdoor space designed for entertaining and grilling, providing a functional extension of the living area that is highly sought after in this urban pocket.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At only 945 square feet for a three-bedroom home, the interior living spaces and individual bedrooms may feel cramped, potentially limiting the buyer pool to smaller households.
The assigned high school has a low performance rating of 2, which may be a deterrent for families prioritizing public education quality and could impact long-term resale value.
Outstanding location! Highly desirable, sought after Shelby Hills neighborhood. Walk to Shelby Park in minutes. Charming updated open concept home with private primary suite. Great outdoor space for entertaining guests and grilling out. A few minutes to 5 points, Shelby Golf Course & Frisbee Golf. Ideal walking & running neighborhood. Excellent investment opportunity with a proven rental history. Home is vacant & easy to show!
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 2.7 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 | 945 | 1,834 | 10% |
| Lot Size | 5,663 | 7,841 | 17% |
| Price | $499.0K | $577.5K | 43% |
| Price per sq ft | $528 | $356 | 88% |
| Built year | 1950 | 1938 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 712 | 2% |
Apr 19, 2026
$499,000
$515,000
-3% Price Drop
Initial Listing
Feb 14, 2026
$515,000
Initial Listing
Oct 28, 1994
$36,025
Public Record