1507 23rd Ave, N, Nashville, TN 37208, Nashville, 37208 - 3 bed, 2 bath
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1507 23rd Ave
N, Nashville, TN 37208
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,348Sq Ft
6,970Lot Size
Property Price
LIST PRICE$295,000
EST. MARKET VALUE
$295,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $295,000, currently aligned with the $295,000 Fair Market Value. While the property carries a Condition Rating of 5, the 1,348 sqft layout and 6,970 sqft lot provide a solid foundation for a comprehensive renovation. Its strategic proximity to Tennessee State University and Meharry Medical College ensures strong long-term rental demand. This asset is a prime candidate for Buy-and-Hold Investors or first-time buyers seeking to build equity through a value-add project.
Estimated Market Value
$295,000
Based on Realkey algorithm analyzing recent comparable sales in N.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1507 23rd Ave Subject 3 bd · 2 ba · 1,348 sqft · $219 | $295,000* List Price | 3 | 2 | 1,348 | $219 | - |
A 1910 15th Ave N Sold 3 bd · 1 ba · 948 sqft · $248 · 0.7 mi | $235,000 | 3 | 1 | 948 | $248 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1955 with no recent renovations, this property is explicitly listed as an 'As-Is' fixer-upper. Interior images reveal heavily outdated, worn, and dirty kitchen and bathroom areas that require a complete rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Institutional Proximity
Ideally situated near Tennessee State University, Fisk University, and Meharry Medical College, this location offers high demand for student housing, faculty rentals, or medical professionals.
- Significant Equity Potential
As a fixer-upper priced under $300k in a rapidly growing Nashville neighborhood, the property provides a prime opportunity for investors or DIY homeowners to build substantial equity through renovation.
- Functional Lot and Layout
The 1,348 sqft floor plan with 3 bedrooms and 2 bathrooms on a nearly 7,000 sqft lot offers a solid foundation and ample outdoor space rarely found at this price point near downtown.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition, necessitating immediate capital expenditure for repairs and modernization to meet current market standards.
- Extended Days on Market
With 143 days on the market, the property may face buyer hesitation or perception issues regarding its price-to-value ratio relative to its current physical state.
About 1507 23rd Ave
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
N Unified Schools
Robert Churchwell Museum Magnet Elementary School
Grades PK-4 • 0.3 mi
4/10
Gower Elementary School
Grades PK-4 • 7.2 mi
6/10
John Early Paideia Middle Magnet
Grades 5-8 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,348 | 2,045.139 |
| Lot Size | 6,970 | 10,890 |
| Price | $295.0K | $556.0K |
| Price per sq ft | $219 | $305 |
| Built year | 1955 | 1971 |
| HOA | $0 | $133 |
| Days on market | 171 | 70 |
Pricing History
Listed for Sale
May 6, 2026
$295,000
Initial Listing