1603 Porter Rd, Nashville, TN 37206, Nashville, 37206 - 4 bed, 1 bath
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Nashville, TN 37206
This East Nashville property is a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $511,444 Fair Market Value by 2%. This valuation gap offers $11,444 in Instant Equity for buyers. With a Condition Rating of 5, this asset requires a full remodel but features DADU eligibility and an expansive unfinished basement for significant densification. Located in a high-appreciation corridor near Rosebank Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1603 Porter Rd Subject | $450,000* List Price | 4 | 1 | 1,083 | $426 | - |
A 1619 Porter Ave Active | $349,999 List Price | 2 | 1 | 783 | $447 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937 and explicitly marketed as a 'full-remodel opportunity,' this property exceeds the 30-year threshold for major rehab. The 4:1 bedroom-to-bathroom ratio is functionally obsolete, and images show dated interiors with worn hardwoods and weathered exterior structures requiring significant investment.
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.
The property is eligible for a Detached Accessory Dwelling Unit (DADU) above a rear garage, providing a rare opportunity for a secondary income stream or significantly increased resale value through densification.
Featuring an expansive unfinished basement and a footprint primed for expansion, this home offers a clear path to increase square footage and customize the layout to meet modern luxury standards.
Marketed as a full-remodel opportunity, the property requires substantial upfront capital investment and construction expertise to address its current condition and make it habitable.
The current configuration of four bedrooms served by only one bathroom represents significant functional obsolescence, necessitating a costly reconfiguration of the floor plan to appeal to modern families.
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. MLS Construction: 615-994-0670 See link below for website. Postioned 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!
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades PK-4 • 0.8 mi
Grades 5-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 1,083 | 1,800 | 15% |
| Lot Size | 9,148 | 8,276 | 68% |
| Price | $450.0K | $550.0K | 43% |
| Price per sq ft | $416 | $356 | 66% |
| Built year | 1937 | 1938 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 775 | 1% |
May 31, 2026
$450,000
$500,000
-10% Price Drop
Initial Listing
Apr 21, 2026
$500,000
Initial Listing