2162 Rock City St, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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Nashville, TN 37216
This R6-Zoned Development Asset represents a High-Potential Investment Opportunity with a List Price of $315,000—positioned well below the $365,039 Fair Market Value by 13%. This valuation gap provides $50,039 in Instant Equity for buyers prepared to navigate a Condition Rating of 5. The 50x150 lot supports two residential units, offering significant ROI through HPR detached homes or a full renovation. Located in a high-demand East Nashville corridor, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2162 Rock City St Subject | $315,000* List Price | 3 | 1 | 918 | $398 | - |
A 1015 Dozier Pl Sold | $265,000 | 2 | 1 | 980 | $270 | 0.8 mi |
B 932 Spain Ave Sold | $325,000 List Price | 3 | 2 | 1,156 | 0.9 mi | |
C 1403 Litton Ave Sold | $279,900 List Price | 3 | 2 | 1,044 | 0.3 mi | |
D 1306 Kenmore Ct Sold | $349,900 List Price | 3 | 2 | 1,169 | 0.6 mi | |
E 2008 Riverside Dr Active | $398,900 List Price | 3 | 1 | 1,138 | $351 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a development opportunity or a major renovation project. Built in 1989, the home shows significant signs of neglect and deferred maintenance. Interior images reveal a kitchen with missing cabinet doors, damaged and peeling linoleum flooring, and outdated appliances. The listing description confirms the home needs 'significant work' and 'extensive repairs,' making it a candidate for cash or renovation financing only.
The R6 zoning on this 50x150 lot allows for two residential units, providing excellent opportunities for detached homes (HPR) or an attached multi-unit project.
Situated in a rapidly growing East Nashville corridor, the property benefits from significant neighborhood reinvestment and high demand for new construction.
With an existing structure on-site, the property offers multiple paths including a full redevelopment, a major renovation, or a rental hold strategy.
The existing home requires extensive repairs and is currently filled with personal property, necessitating a substantial additional investment of time and capital.
Due to the 'as-is' condition and required repairs, the sale is restricted to cash or renovation financing, which may exclude traditional mortgage buyers.
R6 Development Opportunity | 50x150 Lot | Multiple Build Options. Serious investors, builders, and owner-occupants, this is a highly usable site in a rapidly growing Nashville corridor. This 50x150 R6-zoned lot supports two residential units, offering multiple paths including detached homes (HPR), attached product, or renovation with an additional unit. The existing 918 sq ft, 3 bed / 1 bath home is being sold as is and presents an opportunity for renovation, rental hold, or full redevelopment. Situated in the Rock City area of East Nashville, this neighborhood reflects a long standing history of community and ongoing redevelopment. The area continues to see new construction, reinvestment, and increasing demand, making it attractive for both investors and end users. This has been a family home for decades, where generations were raised and memories were made. The home now needs significant work, and the sellers hope the next owner brings the vision to restore it or create something new that reflects positive growth and development in the area. Property is being sold as-is. Home is currently filled with personal property. Cash or renovation financing preferred. Buyer to independently verify zoning, building options, and development plans with Metro Codes.
No exterior & parking available.
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 | 918 | 1,741.5 | 5% |
| Lot Size | 6,970 | 12,632 | 7% |
| Price | $315.0K | $542.5K | 19% |
| Price per sq ft | $343 | $330 | 59% |
| Built year | 1989 | 1950 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 581 | 0% |
Mar 3, 2026
$315,000
Initial Listing
Jan 10, 1992
$35,291
Public Record