1603 Porter Rd, Nashville, TN 37206, Nashville, 37206 - 4 bed, 1 bath
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1603 Porter Rd
Nashville, TN 37206
CLOSED
CONDITION: POOR
4Beds
1Baths
1,083Sq Ft
9,148Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$318,164
17% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned at its $450,000 Fair Market Value. While requiring a full renovation, the property features a Condition Rating of 5, offering significant upside through its large lot and DADU eligibility. The expansive unfinished basement and potential for densification provide a clear path for forced appreciation in a high-demand corridor. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize ROI through comprehensive structural and cosmetic upgrades.
Estimated Market Value
$318,164
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1603 Porter Rd Subject 4 bd · 1 ba · 1,083 sqft · $294 | $345,000 | 4 | 1 | 1,083 | $294 | - |
A 1517 Ward Ave Sold 3 bd · 1 ba · 1,211 sqft · $273 · 0.8 mi | $330,000 | 3 | 1 | 1,211 | $273 | 0.8 mi |
B 1815 Cahal Ave Sold 3 bd · 2 ba · 1,229 sqft · $262 · 0.4 mi | $322,000 | 3 | 2 | 1,229 | $262 | 0.4 mi |
C 1427 Roberts Ave Sold 2 bd · 1 ba · 794 sqft · $378 · 0.9 mi | $300,000 | 2 | 1 | 794 | $378 | 0.9 mi |
D 1619 Porter Ave Active 2 bd · 1 ba · 783 sqft · $447 · 0.1 mi | $349,999 List Price | 2 | 1 | 783 | $447 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1937 and marketed as a 'full-remodel opportunity,' this property is over 80 years old with likely original or failing systems. The description's focus on investor ROI and strategic renovation indicates significant rehab is required for the kitchen, bath, and structural footprint.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1083.
- Development Potential
The property is eligible for a Detached Accessory Dwelling Unit (DADU) above a rear garage, offering a significant opportunity for secondary rental income or increased resale value.
- Prime East Nashville Location
Situated in a high-appreciation corridor, the home is within walking distance of popular local dining and amenities like Lady Bird Taco and Dose Coffee, ensuring strong long-term demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1083, other record living area = 1654.
- Extensive Renovation Required
Marketed as a full-remodel opportunity, the property requires substantial upfront capital and construction expertise to bring it to modern living standards.
- Low School Ratings
The assigned elementary and high schools currently hold low ratings, which may deter family-oriented buyers and impact the property's appeal to a broader demographic.
About 1603 Porter Rd
1% Lender Credit Offered! This historic East Nashville property is a full-remodel opportunity featuring a footprint primed for significant value-add expansion. The lot is eligible for a DADU above a rear garage, offering a secondary income stream or increased resale value. An expansive unfinished basement provides additional square footage ready for build-out to suit modern living requirements. Located in a high-appreciation corridor, this site offers a clear path for investors to maximize ROI through strategic renovation and densification. We have already identified the licensed contractor with the experience and knowledge you need to do this work. Positioned in the heart of East Nashville-Just a short walk to great dining such as Dose Coffee, Tennessee Cobbler Company, Village Pub and Beer Garden, Lady Bird Taco, Sho Pizza, Curry Boys BBQ. Enjoy a bike ride down Riverside Drive to Shelby Park!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Inglewood Elementary School
Grades PK-4 • 0.2 mi
2/10
Rosebank Elementary School
Grades PK-4 • 0.8 mi
4/10
Bailey Middle School
Grades 5-8 • 0.7 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,083 | 2,045.139 |
| Lot Size | 9,148 | 10,890 |
| Price | $345.0K | $556.0K |
| Price per sq ft | $319 | $305 |
| Built year | 1937 | 1971 |
| HOA | $0 | $133 |
| Days on market | 186 | 70 |
Pricing History
Listed for Sale
Jul 21, 2026
$375,000
$450,000
-17% Price Drop
Initial Listing
Price Change
Apr 21, 2026
$450,000
Initial Listing