
Nashville, TN 37212
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $870,563 Fair Market Value by -3%. While the property is currently priced slightly above market, the .22-acre lot and private alley access offer significant redevelopment potential, including the addition of a DADU. With a Condition Rating of 5, this asset requires a comprehensive renovation, making it a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the high rental demand near Belmont University.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1706 Villa Pl Subject 5 bd · 4 ba · 2,234 sqft · $390 | $899,000* List Price | 5 | 4 | 2,234 | $390 | - |
A 1303 Ashwood Ave Sold 3 bd · 3 ba · 2,215 sqft · $483 · 0.6 mi | $1,070,000 | 3 | 3 | 2,215 | $483 | 0.6 mi |
B 1507 Ashwood Ave Active 3 bd · 1 ba · 1,968 sqft · $457 · 0.6 mi | $900,000 List Price | 3 | 1 | 1,968 | $457 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1932, this property is over 90 years old and lacks evidence of a comprehensive renovation within the last 30 years. While the kitchen has received a minor countertop update, the cabinetry, appliances, and bathrooms remain significantly dated. The presence of older floor vents and original trim suggests aging systems, and the listing's emphasis on 'redevelopment potential' confirms it is best suited for a major rehab or investment project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 2234.
Ideally situated in Edgehill Village near Music Row and Belmont University, offering exceptional walkability to popular dining, nightlife, and campus amenities.
The property features a unique second-story two-bedroom apartment with a private exterior entrance, providing immediate flexibility for rental income or multigenerational living.
With 165 days on the market, the property may be facing buyer stagnation, suggesting a potential misalignment between the asking price and current market expectations.
Built in 1932, this historic cottage likely requires ongoing maintenance and potential updates to aging systems to meet modern efficiency and comfort standards.
Next to Music Row and Belmont University! This charming historic cottage is ideally located in the desired Edgehill Village, just a short walk to Barcelona Wine Bar, Sadie’s, Bella Napoli, Old Glory, and more. A unique full second-story two-bedroom apartment has its own private exterior entrance provides exceptional flexibility for rental income, guests, or multigenerational living. The property also features a large fenced backyard and private rear deck. Whether used as a personal residence, income-producing property, or investment, this home offers a rare opportunity in one of Nashville’s most desirable historic neighborhoods. The combination of a prime location, strong long-term rental demand, and redevelopment potential makes this property especially compelling. The generous .22-acre lot provides room for future possibilities, while private alley access adds convenience and potential for a DADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,234 | 2,045.139 |
| Lot Size | 9,583 | 10,890 |
| Price | $899.0K | $556.0K |
| Price per sq ft | $402 | $305 |
| Built year | 1932 | 1971 |
| HOA | $0 | $133 |
| Days on market | 172 | 70 |
May 5, 2026
$899,000
Initial Listing