
Nashville, TN 37207
This historic bungalow represents a High-Potential Investment Opportunity, listed at $449,900—positioned well below the $435,081 Fair Market Value by -3%. While the property requires cosmetic updates to its Condition Rating of 4, the half-acre lot and DADU zoning overlay provide significant long-term value-add potential. The home features original hardwood floors and three decorative fireplaces, offering authentic character. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage development potential in a high-demand East Nashville corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1512 Meridian St Subject 2 bd · 2 ba · 1,354 sqft · $299 | $425,000* List Price | 2 | 2 | 1,354 | $299 | - |
A 1711 Luton St Active 3 bd · 1 ba · 1,128 sqft · $266 · 0.2 mi | $300,000 List Price | 3 | 1 | 1,128 | $266 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935, this historic bungalow is well-maintained with beautifully refinished original hardwood floors and fresh paint. However, the property is dated, particularly in the kitchen which features laminate countertops and an older electric coil stove, indicating it is ripe for modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 1354.
The rare half-acre lot situated within a DADU overlay offers significant investment value, allowing for the construction of a detached accessory dwelling unit for rental income or guest space.
Built in 1935, this bungalow features well-preserved original hardwood floors, tall ceilings, and three decorative fireplaces, capturing the authentic aesthetic highly sought after in East Nashville.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
While elementary options are rated moderately, the assigned middle and high schools currently hold low ratings (2/10), which may be a concern for education-focused buyers.
With only two bedrooms, the property may lack the necessary space for larger families or buyers requiring multiple dedicated sleeping areas, despite the inclusion of a flex room.
**100% Financing and $10k grant available for this home!** A timeless treasure in the heart of East Nashville’s 37207 corridor — where historic architecture, generous land, and future potential come together. Set on a rare half-acre lot in East Nashville's Highland Heights, the property offers both immediate enjoyment + long-term opportunity. Located within a DADU overlay, it presents an investment opportunity to build a detached accessory dwelling unit — perfect for a backyard apartment, in-law suite, guest house, or income-producing rental. In a neighborhood where flexibility + future value matter, this zoning adds a powerful layer of potential. Perched gracefully above the street, this classic bungalow captures the essence of East Nashville charm. A wide, welcoming front porch — the kind made for morning coffee, porch swings, and evenings relaxing. Inside, original hardwood floors glow with warmth, complemented by tall ceilings, rich wood trim, and preserved architectural details. Three decorative fireplaces create intimate retreats and reinforce the home’s authentic historic character. The living spaces are both refined and inviting, filled with natural light and anchored by timeless design elements. A versatile flex room provides endless opportunity — ideal for a home office, art studio, or creative space. Whether working remotely or cultivating a passion project, this home adapts beautifully to modern living. Located minutes from Highland Yards, East Nashville Beer Works, Momento Coffee, Lykke Haus Vintage Store, Crema, and more, and only a 10-minute drive to downtown. With convenient access to Ellington Parkway and I-65, commuting is seamless while maintaining the charm of a tree-lined residential setting. Historic East Nashville homes with authentic character, expansive lots, three fireplaces, and DADU potential are increasingly rare, offering not just a home, but a lifestyle — and the opportunity to shape its next chapter.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 0.8 mi
Grades 5-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,354 | 2,045.139 |
| Lot Size | 20,038 | 10,890 |
| Price | $425.0K | $556.0K |
| Price per sq ft | $314 | $305 |
| Built year | 1935 | 1971 |
| HOA | $0 | $133 |
| Days on market | 53 | 70 |
Oct 23, 2026
$425,000
$449,900
-6% Price Drop
Initial Listing
Sep 1, 2026
$449,900
Initial Listing