
Nashville, TN 37204
This Duplex Income Property represents a Strong Value Opportunity, listed at $749,900—positioned slightly above the $730,224 Fair Market Value. While the property carries a Condition Rating of 3, the renovated main-level unit and proven rental history of the upper unit provide immediate cash flow potential. Located in the highly walkable 12 South/Waverly area, this asset offers a stable foundation for wealth building through house-hacking. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Nashville location with flexible income-generating capabilities.
Property is move-in ready.
Originally built in 1940, this duplex has been well-maintained and features a recently renovated main-level unit with an updated kitchen and bathrooms. The images show excellent interior conditions, including pristine hardwood floors, updated lighting, and modern finishes, making it completely move-in ready.
Situated in the highly sought-after 12 South/Waverly area, the property offers exceptional walkability to iconic Nashville spots like Hattie B's and Zanies, ensuring high tenant demand and long-term appreciation.
As a functional duplex with a documented rental history of up to $2,200/month for the upper unit, this property provides excellent flexibility for investors or owner-occupants looking to house-hack.
The main-level unit features significant modern upgrades, including a renovated kitchen and an added primary bathroom, offering a move-in-ready experience that commands higher market value.
Originally built in 1940, the property may require ongoing maintenance or updates to aging systems not addressed in recent renovations, particularly regarding the basement laundry and upstairs unit.
With 60 days on the market, the listing may be facing pricing resistance relative to its square footage or current duplex configuration, potentially requiring a strategy adjustment to attract buyers.
Duplex opportunity in the heart of 12 South/Waverly offering two separate living spaces and multiple options for an owner-occupant or investor. The renovated main-level unit features 2 bedrooms and 2 bathrooms with an updated kitchen, laundry room, and added primary bath. The separate upstairs unit offers 2 bedrooms, 1 bathroom, and its own dedicated laundry in the basement. The upstairs has previously been used as a 30+ day rental, historically generating approximately $1,800–$2,200/month when rented. Live in one unit and rent the other, or explore the property's potential as an investment. Alley access and two off-street parking spaces. Just a short walk from neighborhood favorites including Zanies, 8th & Roast, The Smiling Elephant, and Hattie B's. A unique opportunity to own a duplex with income potential in one of Nashville's most desirable and convenient locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,805 | 1,967.444 |
| Lot Size | - | - |
| Price | $749.9K | $455.6K |
| Price per sq ft | $415 | $238 |
| Built year | 1940 | 1964 |
| HOA | $0 | $0 |
| Days on market | 85 | 82 |
Jul 31, 2026
$749,900
Initial Listing
Dec 3, 1993
$40,000
Public Record