
Nashville, TN 37208
This Prime North Nashville Development Asset is listed at $350,000, representing a strategic acquisition for its RS5 Zoning and Multi-Overlay potential. While the list price sits above the $324,018 Fair Market Value, the valuation reflects the premium 7,405 sqft Lot Size and high utilization capacity in a high-growth urban corridor. Currently Renter Occupied, the property provides immediate cash flow while navigating permitting for a tear-down and new construction project. With a Condition Rating of 6, this is a pure Value-Add Opportunity perfectly suited for Developers or Buy-and-Hold Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1721 Seifried St Subject | $350,000* List Price | 3 | 1 | 1,150 | $282 | - |
A 2705 Deerfield Dr Sold | $350,000 | 3 | 2 | 1,107 | $316 | 0.4 mi |
B 2022 Owen St Sold | $350,000 | 3 | 2 | 1,033 | $339 | 0.5 mi |
C 2614 Jenkins Ct Sold | $309,800 | 3 | 1 | 816 | $380 | 0.4 mi |
D 2417 14Th Ave N Sold | $300,000 | 3 | 1 | 891 | $337 | 0.7 mi |
E 1830 11th Ave N Active | $330,000 List Price | 3 | 1 | 1,364 | $242 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1930 and marketed primarily for its redevelopment potential, the listing explicitly suggests a 'tear down and build new' strategy. The property is sold 'as-is' with no evidence of major renovations in the last 50 years, and the marketing focus is on the RS5 zoning and lot utilization rather than the condition of the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1150.
The property is zoned RS5 with a Multi Overlay on a generous 7,405 sqft lot, providing a prime opportunity for a tear-down and new construction or multi-unit development.
Currently renter-occupied, this property offers immediate cash flow for investors while they finalize development plans or navigate the permitting process.
Built in 1930 and sold strictly in as-is condition, the structure likely requires significant capital investment for repairs or a complete rebuild to meet modern standards.
The assigned public schools have low ratings ranging from 2 to 4, which may limit the property's appeal to families and impact future resale value.
Special opportunity to purchase two lots / homes, 1721 and 1723 Seifried St. sold together for $700,000.00. 1723 has been rented and tenant just moved out. 1721 is renter occupied. Keep as an investment or tear down and build new. Zoned Rs5 5000 sq ft lot / Multi Ovly. Homes sold as is where is.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 7.6 mi
Grades 5-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,150 | 1,346.5 | 29% |
| Lot Size | 7,405 | 6,098 | 70% |
| Price | $350.0K | $350.0K | 50% |
| Price per sq ft | $304 | $277 | 61% |
| Built year | 1930 | 1955 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 189 | 697 | 20% |
Oct 16, 2025
$350,000
Initial Listing
Nov 10, 1993
$6,000
Public Record