1507 Russell St, Nashville, TN 37206, Nashville, 37206 - 0 bed, 0 bath
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1507 Russell St
Nashville, TN 37206
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,541Sq Ft
0Lot Size
Property Price
LIST PRICE$819,900
EST. MARKET VALUE
$819,900
SUMMARY
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at a List Price of $819,900, which aligns with the $819,900 Fair Market Value. With a Condition Rating of 4, this 1910-built asset offers significant versatility for those looking to leverage the new Fannie Mae 5% down payment policy for owner-occupied units. Located in the vibrant Lockeland Springs neighborhood, the property provides a rare value-add opportunity through modernization. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to house-hack in a prime Nashville location.
Estimated Market Value
$819,900
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 |
|---|---|---|---|---|---|---|
★ 1507 Russell St Subject | $819,900* List Price | 0 | 0 | 2,541 | $323 | - |
A 924 Boscobel St Active | $950,000 List Price | 0 | 0 | 2,784 | $341 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1910, the property shows signs of a mid-range renovation likely performed 15-25 years ago. While the kitchen and bathrooms are functional and the hardwood floors appear well-maintained, the finishes (fiberglass tub surrounds, basic vanities, and older cabinetry) are dated. The 'selling as-is' condition and the age of the structure suggest that while move-in ready, the property will require updates to systems and cosmetic repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly sought-after Lockeland Springs neighborhood near Five Points, this property offers exceptional walkability and access to East Nashville's premier dining and entertainment hubs.
- Investment Versatility
The duplex configuration provides unique flexibility for house-hacking with a low 5% down payment option, or the potential to convert the 2,541 sqft structure into a large single-family residence.
- Historic Value-Add Potential
Built in 1910, this property features significant historic character and a generous footprint, offering a rare opportunity for developers or homeowners to build equity through renovation.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition, which implies the need for immediate capital expenditure to address potential deferred maintenance or required modernizations.
- Extended Days on Market
With 153 days on the market, the property may be facing pricing resistance or buyer concerns regarding its current state relative to the list price.
About 1507 Russell St
Great location in Lockeland Springs near Five Points! Remarkable versatility for homeowners, developers, and investors alike. Live in one side and rent out the other (Potential for Fannie Mae loan: allows a minimum 5% down payment for owner-occupied 2–4 unit duplexes, a change designed to assist first-time homebuyers and house-hackers. This policy applies to standard conventional loans, offering a significant reduction from the previous 15–25% requirement, provided the buyer lives in one unit. Requirements - Occupancy: The duplex must be owner-occupied (you live in one unit). Down Payment: Minimum 5% down payment required. Buyer to verify Fannie requirements.) or convert into single family home. Selling as-is. Disclosures in media section.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Warner Elementary Enhanced Option School
Grades PK-4 • 0.9 mi
5/10
Rosebank Elementary School
Grades PK-4 • 1.5 mi
4/10
Bailey Middle School
Grades 5-8 • 1.1 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,541 | 1,688.769 |
| Lot Size | - | - |
| Price | $819.9K | $430.8K |
| Price per sq ft | $323 | $248 |
| Built year | 1910 | 1963 |
| HOA | $0 | $0 |
| Days on market | 161 | 75 |
Pricing History
Listed for Sale
Apr 1, 2026
$819,900
Initial Listing
Sold
Jun 27, 1996
$82,500
Public Record