1507 23rd Ave N, Nashville, TN 37208, Nashville, 37208 - 3 bed, 2 bath
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Nashville, TN 37208
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well above the $263,204 Fair Market Value by -32%. While the property requires significant rehabilitation given its Condition Rating of 5, the 6,970 sqft lot and proximity to major institutions like Meharry Medical College provide a strong foundation for value-add strategies. This asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a full renovation to capture the demand for student and medical professional housing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1507 23rd Ave N Subject | $350,000* List Price | 3 | 2 | 1,348 | $195 | - |
A 2705 Deerfield Dr Sold | $350,000 | 3 | 2 | 1,107 | $316 | 0.9 mi |
B 2605 Deerfield Dr Sold | $385,000 | 3 | 2 | 1,406 | $274 | 0.9 mi |
C 2111 14th Ave N Sold | $280,000 | 3 | 2 | 1,152 | $243 | 0.9 mi |
D 1804 Cephas St Sold | $300,000 List Price | 4 | 1 | 1,368 | 0.7 mi | |
E 737 25th Ave N Sold | $255,000 | 4 | 2 | 1,176 | $217 | 0.8 mi |
F 1511 9th Ave N Sold | $449,900 List Price | 3 | 2 | 1,702 | 0.9 mi | |
G 2507 Meharry Blvd Active | $260,000 List Price | 4 | 1 | 1,420 | $183 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 and explicitly marketed as an 'As-Is' fixer-upper, this 70-year-old property requires significant rehabilitation. The listing description emphasizes 'potential' and 'building equity,' indicating that the kitchen, baths, and major systems likely need a full overhaul to meet modern standards.
Ideally situated near Tennessee State University, Fisk University, and Meharry Medical College, this location is highly desirable for student housing, faculty, or medical professionals.
Priced as a fixer-upper in a rapidly growing Nashville neighborhood, the property offers a substantial opportunity to build equity through strategic renovations and modernization.
The nearly 7,000 square foot lot includes a large yard, paved driveway, and patio area, providing rare outdoor space and expansion possibilities within the city core.
The property is being sold in as-is condition, indicating a need for immediate capital investment for repairs and potentially limiting financing options to specialized renovation loans.
The assigned middle and high schools currently hold low performance ratings, which may deter families who rely on the public school system and impact future resale value to that demographic.
Welcome to this charming 3 bedroom, 2 full bathroom home ideally located in the heart of downtown, offering convenience, opportunity, and plenty of potential! Featuring a spacious kitchen perfect for gathering and entertaining. This home also offers comfortable living spaces and a large yard with endless possibilities for outdoor enjoyment, gardening, or future enhancements. The paved driveway and patio area provide additional convenience and space for relaxing or entertaining guests. Whether you are a first-time homebuyer looking to create your dream home or an investor searching for your next opportunity, this property is full of potential and possibilities. Conveniently located near Tennessee Statue University, Fisk University, and Meharry Medical College, you'll enjoy quick access to schools, downtown amenities, shopping, dining, entertainment, and major roadways. This home is being sold As-Is and is the perfect fixer upper opportunity to add your personal touch and build equity. Dont miss your chance to own a home in a rapidly growing and highly desirable location. Additional photos upcoming. Showings begin, Monday, May 18, 2026.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 7.2 mi
Grades 5-8 • 1.1 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 | 1,348 | 1,477 | 43% |
| Lot Size | 6,970 | 6,316 | 54% |
| Price | $350.0K | $350.0K | 50% |
| Price per sq ft | $260 | $274 | 41% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 591 | 1% |
May 6, 2026
$350,000
Initial Listing