1722 Ordway Pl, Nashville, TN 37206, Nashville, 37206 - 4 bed, 2 bath
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Nashville, TN 37206
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well below the $573,899 Fair Market Value by 12%. This valuation gap offers $73,999 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full rehabilitation, yet the R6 Zoning and 7,841 sq ft lot provide significant upside for two-family development or ADU expansion. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Lockeland Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1722 Ordway Pl Subject | $499,900* List Price | 4 | 2 | 1,864 | $308 | - |
A 1119 Fatherland St Sold | $565,000 | 3 | 2 | 1,706 | $331 | 0.7 mi |
B 605 N 16Th St Sold | $534,900 List Price | 4 | 2 | 2,294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945 with no evidence of recent renovations, this property is explicitly marketed as an 'investor special' and 'fix-and-flip' project. Images show a severely outdated kitchen and bathroom with 30-50+ year old fixtures and finishes. While currently tenant-occupied, the listing emphasizes land value and redevelopment potential, indicating the systems and interior require a full rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1864.
Situated in the highly sought-after Lockeland Springs neighborhood of East Nashville, this property is in a rapidly appreciating area minutes from downtown, offering significant long-term value.
Zoned R6 on a generous 7,841 sq ft lot, the property offers versatile options for builders and investors, including the potential for two-family development or the addition of an ADU.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1864, other record living area = 832. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Marketed as an 'investor special' and sold strictly as-is, the property likely requires substantial capital investment for repairs, modernization, or a complete rebuild.
The property is currently tenant-occupied with instructions not to disturb, which complicates the viewing process and may delay possession for buyers looking for immediate occupancy.
Investor special in the heart of highly sought-after Lockeland Springs! This property sits on a prime lot and is currently configured as two separate living spaces, featuring a main house and a finished basement unit—offering immediate income potential or the opportunity to convert back to a single-family residence. Ideal for investors, builders, or buyers looking for a fix-and-flip or custom renovation project. Zoned R6, allowing for one- and two-family development with potential to add an ADU or build a larger new construction home (buyer to verify). Located in one of East Nashville’s most desirable neighborhoods, surrounded by renovated homes, new construction, and high-end builds, making this a prime value-add opportunity with strong upside. 7841 sq ft lot with solid dimensions and positioned on a street seeing consistent redevelopment activity. Whether you’re looking to renovate, expand, build new, or hold as an income-producing property, this is a rare opportunity in a rapidly appreciating area just minutes from downtown Nashville, restaurants, parks, and entertainment. Property sold as-is. Tenant occupied—DO NOT DISTURB.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades PK-4 • 1.4 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,864 | 1,856 | 50% |
| Lot Size | 7,841 | 8,276 | 49% |
| Price | $499.9K | $550.0K | 44% |
| Price per sq ft | $268 | $346 | 30% |
| Built year | 1945 | 1938 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 775 | 1% |
May 12, 2026
$499,900
Initial Listing