226 54th Ave N, Nashville, TN 37209, Nashville, 37209 - 3 bed, 2 bath
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Nashville, TN 37209
This Prime Development Asset represents a Strong Value Opportunity with a List Price of $795,000—positioned well below the $863,472 Fair Market Value by 7%. This valuation gap provides $68,472 in Instant Equity for buyers targeting land value in Sylvan Park. Featuring a Condition Rating of 6, the property is a teardown on a level 0.27-acre lot with RS7.5 Zoning near the Richland Creek Greenway. Zoned for the top-rated Sylvan Park Paideia, this is a high-yield acquisition for Developers or Luxury Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 54th Ave N Subject | $795,000* List Price | 3 | 2 | 1,470 | $346 | - |
A 4403 Nevada Ave Active | $899,000 List Price | 3 | 2 | 1,629 | $552 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1945 (>50 years old) with no evidence of recent renovations. The listing explicitly markets the property as a 'premier opportunity for a new build' and a 'ground-up project,' indicating the value is primarily in the 0.27-acre lot rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1470.
Situated in one of Nashville's most desirable and established neighborhoods, the property is steps from the Richland Creek Greenway and popular local dining, offering exceptional walkability.
The 0.27-acre level lot with RS7.5 zoning and Urban Zoning Overlay (Ov-Uzo) provides a rare and expansive footprint for a luxury new construction project in a high-demand area.
The existing 1945 home likely requires a full teardown or an extensive, costly renovation to meet modern luxury standards, adding to the total investment cost.
While the local elementary school is well-rated, the assigned middle and high schools currently have low ratings, which may be a concern for families prioritizing long-term educational paths.
Located in the heart of Sylvan Park, just steps from local restaurants and the Richland Creek Greenway, this property offers a premier opportunity for a new build. This level 0.27-acre lot measures approximately 53’ x 268’ and is zoned RS7.5 within the Urban Zoning Overlay (Ov-Uzo), providing a substantial footprint for a luxury residence in one of Nashville's most established neighborhoods. The property currently includes a 1945 home totaling 1,470 square feet. Whether you choose to explore the renovation potential of the existing structure or capitalize on the expansive lot for a ground-up project, this site is an ideal opportunity for builders and end-users to maximize value in a highly coveted location.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,470 | 1,658.5 | 41% |
| Lot Size | 11,761 | 7,405 | 84% |
| Price | $795.0K | $480.0K | 79% |
| Price per sq ft | $541 | $329 | 86% |
| Built year | 1945 | 1956 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 840 | 1% |
Apr 7, 2026
$795,000
Initial Listing