
Nashville, TN 37212
This property presents a High-Potential Investment Opportunity with a List Price of $649,900—positioned slightly above the $644,366 Fair Market Value. While not a discount acquisition, the property offers significant stability in a high-demand rental pocket. Featuring a Fair Condition Rating, this fully leased triplex provides immediate cash flow with substantial upside through strategic modernization. The large lot size and prime location near Belmont and Hillsboro Village ensure long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking an established income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2220 Ashwood Ave Subject 3 bd · 2 ba · 1,915 sqft · $336 | $649,900* List Price | 3 | 2 | 1,915 | $336 | - |
A 1712 Villa Pl Sold 4 bd · 2 ba · 1,902 sqft · $342 · 0.9 mi | $650,000 | 4 | 2 | 1,902 | $342 | 0.9 mi |
B 2500 Blair Blvd Sold 2 bd · 1 ba · 1,588 sqft · $390 · 0.1 mi | $620,000 | 2 | 1 | 1,588 | $390 | 0.1 mi |
C 2116 Westwood Ave Active 3 bd · 2 ba · 2,261 sqft · $349 · 0.2 mi | $790,000 List Price | 3 | 2 | 2,261 | $349 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, this property is functional and currently fully leased, but clearly dated. The presence of a window AC unit and drop ceilings suggests older systems, and the listing explicitly targets investors for 'value-add potential' and 'needed improvements,' indicating the kitchens, baths, and systems require updates to meet modern standards.
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 = 1915.
Situated in the highly sought-after Hillsboro Village/West End area near 12South and Belmont, the property sits in a high-demand rental pocket ensuring low vacancy rates.
As a fully leased triplex, this property provides immediate rental income from day one, making it an ideal turn-key acquisition for income-focused investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is being sold in as-is condition, which necessitates a thorough inspection and likely immediate capital expenditure for repairs and modernization.
Built in 1938, the property may feature aging systems and could be subject to historic or neighborhood overlay requirements that may restrict or complicate renovation efforts.
CALLING ALL INVESTORS! Fully leased triplex in a high-demand Nashville location with immediate income and significant value-add potential. Located in the heart of Nashville near 12South, Belmont and Hillsboro Village, 2220 Ashwood Ave offers a rare opportunity to acquire an established income-producing property in one of the city’s most desirable and convenient areas. Each unit features a private entrance, and the property is currently actively rented, providing existing cash flow from day one. Continue operating it as-is or bring your vision and make strategic improvements to enhance the property, increase future rental potential and unlock additional long-term value. This is an ideal opportunity for an investor looking for an existing rental with upside rather than paying a premium for a fully renovated asset. Property is being offered AS-IS and priced with its current condition and needed improvements in mind. Buyer and buyer’s agent to independently verify all information deemed important, including zoning, permitted use, rental requirements, square footage, historic or neighborhood overlay requirements, and the feasibility of any proposed renovations, improvements or future use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,915 | 2,045.139 |
| Lot Size | 7,841 | 10,890 |
| Price | $649.9K | $556.0K |
| Price per sq ft | $339 | $305 |
| Built year | 1938 | 1971 |
| HOA | $0 | $133 |
| Days on market | 44 | 70 |
Sep 10, 2026
$649,900
Initial Listing