1801 Elizabeth Rd, Nashville, TN 37218, Nashville, 37218 - 2 bed, 1 bath
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Nashville, TN 37218
This Strategic Development and Residential Asset represents a Strong Value Opportunity with a List Price of $449,900—positioned well below the $474,828 Fair Market Value by 5%. This valuation gap offers $24,928 in Instant Equity. While the home holds a Condition Score of 4 and is move-in ready for immediate rental income, the massive 16,117 sqft corner lot provides exceptional redevelopment upside in a rapidly appreciating corridor. Located minutes from downtown, this is a high-potential acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1801 Elizabeth Rd Subject | $449,900* List Price | 2 | 1 | 1,328 | $358 | - |
A 1621 E Stewarts Ln Sold | $390,000 | 4 | 1 | 1,342 | $291 | 0.2 mi |
B 2300 Alpine Ave Sold | $440,000 | 3 | 2 | 1,638 | $269 | 0.8 mi |
C 1710 County Hospital Rd Active | $345,000 List Price | 4 | 1 | 1,445 | $239 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, the property has received some cosmetic updates including LVP flooring and neutral paint to make it 'move-in ready.' However, the carpets are heavily stained and worn, and the exterior shows signs of age. While functional as a rental, the systems and finishes appear to be over 20 years old or in need of modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1328.
The property sits on a rare and deep corner lot of over 16,000 sqft, offering substantial space for new construction or expansion in a neighborhood already seeing a surge in high-end redevelopment.
Located just minutes from downtown Nashville in a 'hot' and up-and-coming area, the property is perfectly positioned to benefit from the city's continued growth and rising land values.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The property is zoned for schools with low academic ratings, specifically a rating of 1 for the high school and 3 for the middle school, which may limit appeal for families.
Built in 1930 with only two bedrooms and one bathroom, the current configuration may be considered undersized or functionally obsolete for modern buyers without significant renovation.
Exciting opportunity in a prime location! Situated on a rare and deep corner lot! Opportunity to purchase in this very hot and up and coming neighborhood minutes from downtown Nashville! Lots of amazing new construction throughout the neighborhood and surrounding areas. Home is move in ready and also makes for a great rental!
No exterior & parking available.
Grades PK-4 • 2.0 mi
Grades 5-8 • 8.4 mi
Grades 9-12 • 5.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,328 | 1,488 | 44% |
| Lot Size | 16,117 | 10,890 | 67% |
| Price | $449.9K | $357.5K | 83% |
| Price per sq ft | $339 | $205 | 95% |
| Built year | 1930 | 1972 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 295 | 2% |
Apr 27, 2026
$449,900
Initial Listing
Dec 16, 1993
$45,000
Public Record