2008 Riverside Dr, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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Nashville, TN 37216
This Value-Add Asset presents a High-Potential Investment Opportunity with a List Price of $398,900—positioned well below the $454,948 Fair Market Value by 12%. This valuation gap offers $56,048 in Instant Equity for buyers prepared to rehabilitate a property with a Poor Condition Rating. The 7,841 sqft Extra-Deep Lot provides significant footprint expansion or ADU potential near Riverside Village. Despite lower-rated schools like Stratford High, the area's high demand makes this a high-yield acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2008 Riverside Dr Subject | $398,900* List Price | 3 | 1 | 1,138 | $400 | - |
A 1708 Litton Ave Sold | $489,900 | 3 | 1 | 1,131 | $433 | 0.1 mi |
B 1408 McGavock Pike Sold | $515,000 | 2 | 2 | 1,251 | $412 | 0.3 mi |
C 1525 Norvel Ave Sold | $435,000 | 3 | 1 | 1,007 | $432 | 0.8 mi |
D 1525 Norvel Ave Sold | $435,000 | 3 | 1 | 1,007 | $432 | 0.8 mi |
E 1306 Kenmore Ct Sold | $349,900 List Price | 3 | 2 | 1,169 | 0.7 mi | |
F 1703 Litton Ave Sold | $428,000 | 2 | 1 | 1,377 | $311 | 0.1 mi |
G 2162 Rock City St Active | $315,000 List Price | 3 | 1 | 918 | $343 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945 and explicitly marketed as a 'Handyman's special' and 'Investor's dream,' this property shows significant signs of deferred maintenance. The exterior reveals dated siding, an aging roof, and an overall structure that requires substantial rehabilitation. The listing description confirms the need for extensive capital investment to address outdated systems and components, placing it firmly in the poor condition category.
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 = 1138.
Situated in a highly sought-after area, this property offers excellent walkability and proximity to the eclectic culture and amenities of East Nashville.
The extra-deep lot provides a significant opportunity for footprint expansion or the addition of an accessory dwelling unit (ADU), maximizing future value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
As a 'handyman's special,' the property likely requires immediate and extensive capital investment to address deferred maintenance or outdated systems.
The assigned elementary and high schools currently hold low performance ratings, which may be a concern for families prioritizing public education quality.
"Location x"s 3" Investor's dream or Handyman's special in well sought after East Nashville. This home boasts creative energy, walkability and eclectic style. The extra deep lot is perfect for potential expansion. This one won't last.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades 5-8 • 1.9 mi
Grades 9-12 • 0.3 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 | 24% |
| Square foot | 1,138 | 1,741.5 | 16% |
| Lot Size | 7,841 | 12,632 | 11% |
| Price | $398.9K | $542.5K | 30% |
| Price per sq ft | $351 | $330 | 63% |
| Built year | 1945 | 1950 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 581 | 0% |
Feb 19, 2026
$398,900
Initial Listing