1709 Martin St, Nashville, TN 37203, Nashville, 37203 - 3 bed, 2 bath
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Nashville, TN 37203
This High-Potential Investment Opportunity is a High-Density Redevelopment Asset listed at $825,000, positioned closely to its $812,376 Fair Market Value. While the existing 1950s home maintains a Condition Rating of 4, the primary value lies in the RM20-A-NS Zoning and the expansive 10,019 SF Lot, which allows for up to five units. Located in a Federally Designated Opportunity Zone within the trendy WEHO district, the property offers proximity to Soho House and the 9/10 Glendale Elementary School. This is a strategic acquisition for Developers or Opportunity Zone Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1709 Martin St Subject | $795,000* List Price | 3 | 2 | 1,616 | $490 | - |
A 1801 Neal Terrace Active | $600,000 List Price | 2 | 1 | 1,243 | $483 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the home is well-maintained and functional, featuring a kitchen with stainless steel appliances and an updated bathroom vanity. While the interior is move-in ready, the property is marketed primarily for land value and exhibits dated aesthetic elements such as wallpaper borders and older cabinetry styles, consistent with a property that has been maintained but not fully modernized.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1616.
Elementary School: Glendale Elementary School (9/10).
The RM20-A-NS zoning allows for up to five units on a generous 71-foot wide lot, offering significant upside for developers in a high-demand submarket.
The property is subject to specific design overlay regulations regarding height and setbacks, which may limit architectural flexibility and increase planning complexity.
The existing 1950s home is being sold primarily for land value, meaning buyers must factor in demolition costs to realize the site's full development potential.
Building opportunity in WEHO. Charming home but property is being sold for land value. RM20-A-NS zoning code can allow up to 5 units to be built (buyer should independently verify with metro). Lot is 71 ft wide x 156' deep (per tax record). Home is in a design overlay, some building regulations exist relating to height, setbacks, unit count etc. Buyer should independently verify all info and building options and review Weho UDO. Single family homes in neighborhood have sold for as much as 3.4M. Build back one, two, or multiple units. Other lots on same block contain 2,3 or 4 units. Home is occupied and functional 3 bed 2 bath with walkout basement. WEHO is taking off with heavy investment. Inside federal designated Opportunity Zone. Walk to many restaurants, coffee shops, galleries and shopping including recently opened Hermès, Pastis, Aba, Soho House Social Club, Bastion, Diskin Cidery, Volta Cafe and many more.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 1.0 mi
Grades PK-4 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,616 | 1,735.5 | 50% |
| Lot Size | 10,019 | 7,187.5 | 78% |
| Price | $795.0K | $661.6K | 56% |
| Price per sq ft | $492 | $415 | 78% |
| Built year | 1950 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 443 | 17% |
Apr 3, 2026
$795,000
$825,000
-4% Price Drop
Initial Listing
Dec 9, 2025
$825,000
Initial Listing