
Nashville, TN 37207
This Turnkey Income-Producing Duplex is a Strong Value Opportunity, listed at $479,900—positioned well below the $529,156 Fair Market Value by 9%. This valuation gap offers $49,256 in Instant Equity for buyers. The property maintains a Condition Rating of 3, featuring updated luxury vinyl plank flooring and a proven $38,400 Net Operating Income. Located just 3 miles from Downtown Nashville with no HOA, it balances immediate cash flow with significant appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 Dellway Dr Subject | $479,900* List Price | 0 | 0 | 1,368 | $387 | - |
A 208 Prince Ave Sold | $364,900 | 0 | 0 | 1,450 | $252 | 0.7 mi |
B 206 Prince Ave Sold | $364,900 | 0 | 0 | 1,450 | $252 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1949, this duplex is in move-in ready, turnkey condition with clear evidence of recent cosmetic renovations. The interior features updated luxury vinyl plank and hardwood flooring, fresh neutral paint, and modern light fixtures. The property appears well-maintained and professionally managed, making it suitable for immediate occupancy or rental without the need for significant repairs.
The property is listed below its recent appraisal and generates a robust net operating income of approximately $38,400, offering investors immediate returns and built-in equity.
Situated just 3 miles from Downtown Nashville and near East Nashville, the property benefits from high tenant demand and excellent accessibility via Ellington Parkway.
With a history of short-term rental use and current long-term leases, the duplex offers multiple exit strategies including mid-term rentals or owner-occupancy to offset mortgage costs.
Built in 1949, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer residential income properties.
The assigned middle and high schools carry low performance ratings (2/10), which could limit the appeal for long-term tenants with school-aged children.
Income producing duplex just 3 miles from Downtown Nashville offering strong in place returns, proven rent growth, and long term upside. Each unit features 2 bedrooms and 1 bathroom, creating a flexible setup for investors or owner occupants looking to offset their mortgage with rental income. The property is fully leased and professionally managed, making it a true turnkey opportunity from day one. Current financials show $40,800 in gross income and approximately $38,400 net operating income, with consistent performance driven by location and demand. During current ownership, rents have increased significantly and still show room for future growth. One unit previously operated as a short term rental and has since been converted to long term, offering optionality for future use depending on investment strategy. Whether your focus is stable cash flow, mid term rentals, or revisiting short term potential, the layout supports multiple paths. Positioned just off Ellington Parkway between Dickerson Pike and East Nashville, the property provides a quick and convenient commute to Downtown, helping drive tenant demand and long term stability. Listed below last appraisal using the income method, creating a compelling opportunity for investors seeking immediate returns with built in equity potential. Prior appraisal is available on request. Situated on a deep lot in an established neighborhood with no HOA, this property combines location, income, and flexibility in one of Nashville’s most accessible and consistently performing rental corridors.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 0.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,368 | 1,566 | 22% |
| Lot Size | - | - | 50% |
| Price | $479.9K | $410.0K | 67% |
| Price per sq ft | $351 | $262 | 67% |
| Built year | 1949 | 1984 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 271 | 11% |
Mar 12, 2026
$479,900
Initial Listing
Jun 7, 1996
$49,000
Public Record
Apr 12, 1996
$36,000
Public Record