1527 McGavock Pike, Nashville, TN 37216, Nashville, 37216 - 2 bed, 1 bath
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Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $360,000—positioned well below the $359,119 Fair Market Value (Note: Price is at market parity). While the home carries a Condition Rating of 5, the 12,632 sqft lot and flexible den provide significant Value-Add Potential for increasing rental yield. The absence of an HVAC system requires immediate capital expenditure, but the property's eligibility for DSCR financing simplifies the acquisition. This is a strategic Buy-and-Hold Asset ideal for Buy-and-Hold Investors or Contractors targeting East Nashville’s high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1527 McGavock Pike Subject | $360,000* List Price | 2 | 1 | 1,306 | $275 | - |
A 1904 Avalon Dr Sold | $430,000 | 2 | 1 | 1,304 | $330 | 0.2 mi |
B 2316 Fernwood Dr Sold | $330,000 | 2 | 1 | 1,130 | $292 | 0.3 mi |
C 2215 Fernwood Dr Sold | $400,000 | 2 | 2 | 1,330 | $301 | 0.4 mi |
D 1145 Ardee Ave Sold | $462,540 | 3 | 2 | 1,468 | $315 | 0.8 mi |
E 1606 Stratford Ave Sold | $400,000 | 3 | 2 | 1,782 | $224 | 0.2 mi |
F 2605 Shadow Ln Sold | $310,000 List Price | 3 | 2 | 1,588 | 0.9 mi | |
G 4006 Kennedy Ave Active | $360,000 List Price | 3 | 1 | 1,210 | $298 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 with no evidence of recent renovations. The kitchen features severely dated cabinetry, wallpaper, and flooring (>30 years old). Most critically, the listing confirms the property has no HVAC unit and is sold as-is, indicating significant system deficiencies and the need for a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 1306.
The property offers significant upside with a flexible den convertible to a bedroom and a lot size that supports up to five bedrooms, allowing for maximum rental income optimization.
Situated in East Nashville, one of Middle Tennessee's most sought-after rental markets, the property is positioned in a high-demand area with strong historical appreciation.
The property currently lacks an HVAC unit, requiring an immediate capital expenditure to install a climate control system and ensure habitability.
Being sold in as-is condition, the property likely requires additional investment for repairs or modernization beyond the HVAC installation to reach its full market potential.
Welcome to 1527 McGavock Pike — a savvy investor's dream in the heart of East Nashville, one of Middle Tennessee's hottest rental markets. The flexible den can easily be converted to an additional bedroom, and the lot supports up to 5 beds, putting maximum rental income within reach. Property is sold as-is with no HVAC unit, offering the opportunity to install a system of your choosing and add instant value. DSCR financing makes this one even easier to acquire — qualify on the property's cash flow, not your personal income. Strong tenant demand, rising rents, and East Nashville's undeniable appeal make this a portfolio add you won't want to pass up.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,306 | 1,734 | 21% |
| Lot Size | 12,632 | 12,632 | 50% |
| Price | $360.0K | $550.0K | 21% |
| Price per sq ft | $276 | $327 | 29% |
| Built year | 1952 | 1948 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 629 | 1% |
Jun 6, 2026
$360,000
Initial Listing
Mar 29, 1996
$59,135
Public Record