1605 16th Ave N, Nashville, TN 37208, Nashville, 37208 - 2 bed, 1 bath
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Nashville, TN 37208
This High-Potential Investment Opportunity is listed at $315,000, positioned slightly above the $305,111 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 2, signifying a turnkey asset with a 2021 roof, HVAC, and plumbing. The Granite Kitchen and modern updates provide immediate rental appeal, while the deep lot with alley access offers long-term development potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready home in a high-demand district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1605 16th Ave N Subject | $315,000* List Price | 2 | 1 | 816 | $380 | - |
A 2614 Jenkins Ct Sold | $309,800 | 3 | 1 | 816 | $380 | 0.9 mi |
B 2614 Jenkins Ct Sold | $309,800 | 3 | 1 | 816 | $380 | 0.9 mi |
C 2624 Jenkins St Sold | $325,000 List Price | 3 | 1 | 875 | 0.9 mi | |
D 2604 Aspen Dr Sold | $295,000 | 3 | 2 | 840 | $351 | 1.0 mi |
E 2623 Delk Ave Sold | $286,425 | 2 | 1 | 704 | $407 | 0.9 mi |
F 2604 Aspen Dr Sold | $295,000 | 3 | 2 | 840 | $351 | 1.0 mi |
G 1631 Arthur Ave Active | $309,900 List Price | 3 | 2 | 972 | $319 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2021 (less than 5 years ago), including a new roof, HVAC, and plumbing. The interior features a modern kitchen with granite countertops and a fully updated bathroom, meeting the criteria for mint condition with no deferred maintenance.
The property features significant 'big-ticket' updates from 2021, including a new roof, HVAC system, all-new plumbing, and a vapor-sealed crawl space, minimizing immediate capital expenditures for the buyer.
The interior has been thoughtfully transformed with an open-concept kitchen featuring granite countertops, new LVP flooring throughout, and a sleek, modern bathroom remodel that appeals to contemporary tastes.
The oversized lot includes a privacy fence and valuable alley access, providing rare future possibilities for a garage or additional structures in the high-demand Buchanan Arts District.
At only 816 square feet with a 2-bed, 1-bath configuration, the home's small footprint may limit its appeal to larger households or those requiring a dedicated home office.
The property is zoned for schools with lower performance ratings (ranging from 2 to 4), which could impact long-term resale value and attractiveness to families with school-aged children.
Thoughtfully renovated all-brick ranch on a deep lot just moments from the restaurants and shopping of Buchanan Arts, Germantown and Downtown. Almost everything was updated in 2021, providing classic bones with newness where it counts. Interior renovations include an open concept layout anchored by a new kitchen with striking granite countertops, new appliances and a flow made for cooking and entertaining. New LVP flooring runs throughout the home, complimented by new lighting at every turn. The bathroom has been transformed with sleek, modern black tile and a new vanity. All plumbing was replaced in 2021, and the crawl space features a vapor barrier for peace of mind. A massive attic provides storag you won't find in many homes this size. Outside, the big-ticket items are already done: ’21 roof, ’21 HVAC unit, and a privacy fence surrounding a large backyard. The property line actually goes beyond the fence and has alley access, providing future garage possibilities. Currently tenant occupied on month to month lease.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades PK-4 • 0.5 mi
Grades PK-4 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 816 | 1,477 | 6% |
| Lot Size | 6,534 | 6,316 | 50% |
| Price | $315.0K | $350.0K | 44% |
| Price per sq ft | $386 | $274 | 84% |
| Built year | 1986 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 591 | 1% |
May 4, 2026
$315,000
Initial Listing