
Nashville, TN 37208
This Prime North Nashville Redevelopment Asset is listed at $330,000, reflecting a strategic premium over the $258,472 Fair Market Value due to its high-utility R6 Zoning and Multi-Ovly overlay. The 7,405 SF lot offers the rare potential to construct two homes within walking distance of the Buchanan Arts District. Currently holding a Condition Rating of 5, the property generates $2,000 monthly rental income, providing immediate cash flow during the permitting phase. Located near John Early Paideia Middle Magnet, this is a high-upside acquisition for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1830 11th Ave N Subject | $330,000* List Price | 3 | 1 | 1,364 | $189 | - |
A 2111 14th Ave N Sold | $280,000 | 3 | 2 | 1,152 | $243 | 0.4 mi |
B 2605 Deerfield Dr Sold | $385,000 | 3 | 2 | 1,406 | $274 | 0.9 mi |
C 1804 Cephas St Sold | $300,000 List Price | 4 | 1 | 1,368 | 0.1 mi | |
D 1618 9th Ave N Sold | $370,000 | 4 | 2 | 1,550 | $239 | 0.4 mi |
E 1721 Seifried St Active | $350,000 List Price | 3 | 1 | 1,150 | $304 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this property is explicitly marketed as a redevelopment or 'new build' opportunity for investors. While currently habitable and producing rental income, the structure shows significant signs of deferred maintenance and physical depreciation, including visible wood rot on the exterior porch and trim. The interior is heavily dated with popcorn ceilings, worn carpeting, and aged fixtures, indicating that the major systems and finishes are at the end of their functional lifespan and require substantial rehabilitation.
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 = 1364.
The R6 zoning combined with a Multi-Ovly overlay provides a rare opportunity to build two homes on the lot, maximizing the investment value of the property.
Currently leased at $2,000 per month to a long-term tenant, the property offers immediate cash flow to offset carrying costs during the planning or permitting phases.
The requirement of an accepted offer prior to any showings creates a significant barrier for due diligence and may deter non-institutional buyers.
With a 1930 build date and only one bathroom for three bedrooms, the existing structure suffers from functional obsolescence, likely requiring a total renovation or teardown.
INVESTORS & BUILDERS – PRIME NORTH NASHVILLE OPPORTUNITY! Exceptional opportunity in the heart of North Nashville on a R6 zoned lot (One & Two Family – 6,000 SF lot) with Multi-Ovly overlay, allowing the potential to build two homes. Whether you’re looking to redevelop now or hold as an income-producing asset, this property checks the boxes. This 3 bedroom, 1 bath home is currently leased at $2,000/month to a long-term tenant, offering immediate rental income while you plan your next project. Situated in a highly desirable location walkable to the Buchanan Arts District, with convenient access to downtown, Germantown, and major interstates. Surrounded by ongoing development and new construction, this is an optimal new build opportunity. Do not disturb tenant. Showings with accepted offer.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 0.5 mi
Grades PK-4 • 8.0 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 | 1,364 | 1,366 | 50% |
| Lot Size | 7,405 | 6,098 | 70% |
| Price | $330.0K | $346.0K | 43% |
| Price per sq ft | $242 | $276 | 36% |
| Built year | 1930 | 1955 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 697 | 1% |
Feb 25, 2026
$330,000
Initial Listing