226 54th Ave N, Nashville, TN 37209, Nashville, 37209 - 3 bed, 2 bath
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226 54th Ave N
Nashville, TN 37209
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,470Sq Ft
11,761Lot Size
Property Price
LIST PRICE$679,000
EST. MARKET VALUE
$713,571
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $679,000—positioned well below the $713,572 Fair Market Value by 4%. This valuation gap offers $34,572 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full renovation or ground-up construction on its 0.27-acre RS7.5 zoned lot. With its prime Sylvan Park location and Urban Zoning Overlay, this is a strategic acquisition ideal for Fix-and-Flip Investors or Developers seeking to maximize value.
Estimated Market Value
$713,571+$34,571 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 54th Ave N Subject 3 bd · 2 ba · 1,470 sqft · $485 | $679,000* List Price | 3 | 2 | 1,470 | $485 | - |
A 4302 Nebraska Ave Sold 3 bd · 3 ba · 1,783 sqft · $474 · 0.8 mi | $846,000 | 3 | 3 | 1,783 | $474 | 0.8 mi |
B 5302 Elkins Ave Active 2 bd · 1 ba · 1,190 sqft · $513 · 0.2 mi | $609,900 List Price | 2 | 1 | 1,190 | $513 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1945 with a dated renovation (likely 20-25 years old). The interior shows signs of neglect, including a visible water stain on the kitchen ceiling suggesting roof or plumbing leaks. The listing description explicitly targets builders and developers for 'ground-up construction,' signaling that the existing structure requires a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime Sylvan Park Location
Situated in one of Nashville’s most desirable and established neighborhoods, this property offers exceptional walkability to the Richland Creek Greenway and popular local dining and retail.
- Expansive Development Lot
The level 0.27-acre lot features a rare 268-foot depth, providing a massive footprint for a custom luxury build, a private pool, or a significant residential expansion.
CONSRISKS & DEFICIENCIES
- Dated Structure Condition
The original 1945 residence likely requires a comprehensive renovation or demolition to meet modern market expectations, adding substantial cost beyond the acquisition price.
- Inconsistent School Ratings
While the elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which may be a consideration for families prioritizing long-term educational tracks.
About 226 54th Ave N
Rare opportunity in the heart of Sylvan Park! This level 0.27-acre lot, approximately 53’ x 268’, offers exceptional potential in one of Nashville’s most established and sought-after neighborhoods. Located just minutes from popular local restaurants, shops, and the Richland Creek Greenway, the property provides the ideal setting for a custom home or thoughtful renovation. The existing 1945 residence offers a starting point for those looking to remodel and reimagine the home, while the expansive lot creates tremendous potential for a redesigned floor plan and a private backyard oasis. Imagine creating an outdoor retreat with a pool, entertaining areas, lush landscaping, and ample space to enjoy the property. Zoned RS7.5 and located within the Urban Zoning Overlay (Ov-Uzo), this property is especially appealing to builders, developers, and end-users seeking a substantial homesite in Sylvan Park. Whether renovating the existing 1,470-square-foot home or exploring a ground-up construction opportunity, this is a rare chance to create significant value in a premier Nashville location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Sylvan Park Paideia Design Center
Grades PK-4 • 0.4 mi
7/10
Park Avenue Elementary Enhanced Option
Grades PK-4 • 1.2 mi
5/10
Charlotte Park Elementary School
Grades PK-4 • 1.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,470 | 2,045.139 |
| Lot Size | 11,761 | 10,890 |
| Price | $679.0K | $556.0K |
| Price per sq ft | $462 | $305 |
| Built year | 1945 | 1971 |
| HOA | $0 | $133 |
| Days on market | 47 | 70 |
Pricing History
Listed for Sale
Sep 7, 2026
$679,000
Initial Listing