
Nashville, TN 37207
This turnkey duplex represents a High-Potential Investment Opportunity, listed at $469,500—positioned slightly above the $465,706 Fair Market Value. With a Condition Rating of 3, this asset features updated flooring and professional management, ensuring immediate operational stability. The property offers a flexible 4-bedroom, 2-bath configuration, ideal for maximizing rental demand just 3 miles from Downtown Nashville. This is a stable, income-producing Buy-and-Hold Asset perfectly suited for Experienced Investors or Owner-Occupants looking to house-hack while leveraging proximity to major Nashville employment hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 Dellway Dr Subject | $469,500* List Price | 0 | 0 | 1,399 | $333 | - |
A 2740 Jones Ave Active | $385,000 List Price | 0 | 0 | 1,536 | $251 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1949, the property is in turnkey condition with clear evidence of renovations within the last 5-15 years. Interior photos show updated LVP and refinished hardwood flooring, fresh paint, and modern laundry units. While the kitchen features dated electric coil stovetops, the overall maintenance and 'income-ready' status align with the Good criteria for a well-maintained, functional investment property.
The property is a turnkey duplex with established professional management, reporting a strong $30,264 net operating income from a mix of long-term and mid-term rentals.
Situated just 3 miles from Downtown Nashville and near East Nashville, the location offers excellent accessibility to major parkways, ensuring consistent rental demand.
The dual-unit configuration provides versatile options for owner-occupants to house-hack or for investors to diversify between furnished mid-term and traditional long-term leasing.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1399, other record living area = 1368.
Originally built in 1949, the property may necessitate more frequent maintenance or future capital improvements compared to modern construction.
The assigned middle and high schools carry low ratings (2/10), which may deter long-term family tenants and impact the property's broader market appeal.
Turnkey, income producing Nashville duplex approximately 3 miles from Downtown. An attractive opportunity for an experienced investor or an owner occupant looking to live in one unit while generating income from the other. Each side offers 2 bedrooms and 1 bathroom, providing two separate living spaces and a flexible 4 bedroom, 2 bath configuration. The property is professionally managed, with established operating systems already in place. One unit operates as a long term rental, while the other has been used as a furnished mid term rental. Preliminary, seller provided 2026 year to date figures report $41,000 in gross income and $30,264 in net operating income. Continue the current strategy or explore other leasing options to suit your investment goals, subject to existing leases, applicable regulations, and required approvals. Conveniently positioned near Ellington Parkway, Dickerson Pike, East Nashville, and Downtown Nashville, the location offers accessibility that helps support continued rental demand. Driveway parking, laundry equipment, and outdoor space add everyday convenience for residents. The appraisal and detailed 2026 YTD as well as 2025 operating statements are available in the MLS Media section. Additional property, lease, and financial information is available upon request. Please do not disturb occupants; all visits must be scheduled and approved in advance. Buyer and Buyer’s agent to independently verify square footage, financial information, expenses, leases, permitted uses, zoning, and all other information material to the purchase. Qualified buyers may be eligible for lender credit toward closing costs when financing through seller's preferred lender; lender terms and eligibility requirements apply. Ask your Realtor for details, or contact listing agent.
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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,399 | 1,688.769 |
| Lot Size | - | - |
| Price | $469.5K | $430.8K |
| Price per sq ft | $336 | $248 |
| Built year | 1949 | 1963 |
| HOA | $0 | $0 |
| Days on market | 180 | 75 |
Mar 13, 2026
$469,500
Initial Listing
Jun 7, 1996
$49,000
Public Record
Apr 12, 1996
$36,000
Public Record