1435 Electric Ave, Nashville, TN 37206, Nashville, 37206 - 2 bed, 1 bath
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1435 Electric Ave
Nashville, TN 37206
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
834Sq Ft
7,405Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$433,637
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $433,638 Fair Market Value by -3%. Featuring a Condition Rating of 6, this asset is best suited for a complete redevelopment of the .17-acre corner lot. Located in the high-end Shelby Village, the site offers immediate access to Shelby Park and major transit corridors. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors looking to capitalize on Nashville’s high-demand urban core.
Estimated Market Value
$433,637
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 |
|---|---|---|---|---|---|---|
★ 1435 Electric Ave Subject | $450,000* List Price | 2 | 1 | 834 | $520 | - |
A 620 S 14th St Active | $420,000 List Price | 3 | 1 | 922 | $456 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1950 (76 years old) with no mention of renovations. The listing explicitly markets the property as a 'development opportunity' on a corner lot, indicating the value is in the land rather than the structure, which is consistent with the criteria for properties >50 years old without updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 834.
- Prime Location
Situated in the high-end Shelby Village, the property is within walking distance to Shelby Park's extensive amenities and just minutes from the vibrant Five Points and Broadway districts.
- Development Potential
As a level corner lot in a sought-after area, this property presents a significant opportunity for developers or investors looking to capitalize on Nashville's growing market.
CONSRISKS & DEFICIENCIES
- Limited Existing Structure
With only 834 square feet and a 2-bedroom, 1-bathroom layout from 1950, the current home may require extensive renovation or a complete rebuild to meet modern standards.
- School District Ratings
The assigned high school has a low performance rating, which may impact the property's appeal to families prioritizing educational infrastructure.
About 1435 Electric Ave
We gonna rock down to Electric Avenue. Level .17 acre lot. Corner lot! Development opportunity in Nashville's high end Shelby Village. Walk to all Shelby park has to offer: Vinnylinks, Music City Bikeway, disc golf, pickleball, tennis and miles of trails. Just 1 mile to Five Points and 3 miles to Broadway.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Kirkpatrick Elementary Enhanced Option
Grades PK-4 • 0.4 mi
0/10
Bailey Middle School
Grades 5-8 • 1.6 mi
0/10
Stratford Comp High School
Grades 9-12 • 2.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 834 | 2,093.129 |
| Lot Size | 7,405 | 10,890 |
| Price | $450.0K | $568.3K |
| Price per sq ft | $540 | $307 |
| Built year | 1950 | 1971 |
| HOA | $0 | $137 |
| Days on market | 15 | 69 |
Pricing History
Listed for Sale
Aug 25, 2026
$450,000
Initial Listing