1516 Compton Ave, Nashville, TN 37212, Nashville, 37212 - 4 bed, 4 bath
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Nashville, TN 37212
This property presents a High-Potential Investment Opportunity with a List Price of $2,000,000—positioned above the $1,796,543 Fair Market Value. While the current Condition Rating of 5 reflects a vintage 1920 structure, the R8 Zoning and lack of historic overlay provide exceptional development potential for two detached homes. Situated in the prime Belmont-Hillsboro neighborhood, this asset offers immediate rental income alongside significant long-term upside. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors seeking a high-demand Nashville location.
Property is extensive renovation needed.
Built in 1920 with no evidence of major renovations in the last 30-50 years. Interior images show highly dated bathroom finishes and flooring, while the exterior features window AC units, indicating a lack of modern central HVAC. The listing description focuses heavily on land value and redevelopment potential, suggesting the structure requires a total rehab or replacement.
The R8 zoning and lack of a historic overlay allow for the construction of two detached homes without the need for subdivision or preservation hurdles, offering significant value-add potential.
Ideally situated in the Belmont-Hillsboro neighborhood, the property is surrounded by Belmont University and within walking distance to Vanderbilt and the 12 South district, ensuring high demand.
As an active duplex, the property provides immediate rental income, offering financial flexibility for investors while they navigate the permitting or planning phases for future development.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 1822. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $2 million list price represents a significant entry point for a 0.15-acre lot, requiring high-end development to justify the initial investment and achieve target margins.
Built in 1920, the existing duplex may have aging systems or deferred maintenance that could impact short-term profitability if development is not pursued immediately.
Rare Belmont-Hillsboro opportunity with multiple paths forward. This cash flowing duplex sits on an R8 zoned lot outside the historic overlay, allowing for two detached homes to be built on site — no subdivision required, no preservation hurdles. Nestled inside one of Nashville's most sought after neighborhoods, the property is surrounded by Belmont University on all sides and positioned within walking distance of 12 South, Vanderbilt, and the city's best dining and entertainment. Belmont-Hillsboro consistently ranks among Nashville's most desirable zip codes for good reason — demand is steady, land is scarce, and new construction commands a premium. Whether you're an investor looking for immediate income, a developer ready to build, or a buyer seeking a foothold in a neighborhood that rarely opens up, this property delivers. Income today, optionality tomorrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 66% |
| Square foot | 2,400 | 2,628 | 45% |
| Lot Size | 6,534 | 9,148 | 15% |
| Price | $2.00M | $915.0K | 87% |
| Price per sq ft | $833 | $427 | 96% |
| Built year | 1920 | 1931 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 544 | 2% |
May 24, 2026
$2,000,000
Initial Listing