1501 Underwood St, Nashville, TN 37208, Nashville, 37208 - 2 bed, 1 bath
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Nashville, TN 37208
Analysis of 1501 Underwood St, Nashville, TN 37208 is currently available with a list price of $125,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1930 with no evidence of renovation, this property is boarded up, sold 'as-is' for cash only, and marketed as an 'investor special.' The listing focuses on development potential and land value, indicating the existing structure is likely unlivable.
The property features a DADU overlay and RS5 zoning, allowing for a two-story build on the existing footprint plus a detached accessory unit up to 850 sq ft, maximizing the site's density.
Situated in a prime Nashville area with significant new construction nearby, this location ensures strong future appreciation and high demand for modern residential units.
Listed at $125,000, this property offers an exceptionally low entry price for the 37208 zip code, providing a substantial margin for redevelopment profit.
The property is sold cash-only and in as-is condition, which eliminates traditional mortgage buyers and requires the investor to have significant liquid capital upfront.
With a lot size of only 1,742 sq ft, the site is quite compact, which may present logistical challenges during construction and limits private outdoor space for future residents.
Investor special in prime Nashville location. Legally non-conforming RS5 + UZO + DADU overlay - build up to 2 stories on existing footprint PLUS detached accessory unit up to 850 sq ft per Metro Codes. Lots of new construction in the area. Cash only, sold as-is!
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 0.4 mi
Grades PK-4 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 28% |
| Square foot | 787 | 1,425 | 4% |
| Lot Size | 1,742 | 6,098 | 14% |
| Price | $125.0K | $350.0K | 28% |
| Price per sq ft | $159 | $276 | 32% |
| Built year | 1930 | 1955 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 726 | 1% |
May 31, 2026
$125,000
Initial Listing