2400 Old Matthews Rd, Nashville, TN 37207, Nashville, 37207 - 2 bed, 2 bath
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Nashville, TN 37207
This Value-Add Residential Asset presents a strategic entry into the Nashville market, listed at $225,000. Although priced above the $161,488 Fair Market Value, the property’s Condition Rating of 5 signals a total renovation opportunity with high potential for forced appreciation. The 1,219 sqft footprint and 7,841 sqft lot with a patio provide a generous "blank canvas" near downtown, despite low performance ratings at Whites Creek High and Brick Church Middle. This project is perfectly suited for Fix-and-Flip Investors or Contractors seeking a high-demand rental or resale asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2400 Old Matthews Rd Subject | $225,000* List Price | 2 | 2 | 1,219 | $132 | - |
A 2430 Grover St Sold | $224,000 | 3 | 2 | 1,050 | $213 | 0.6 mi |
B 2417 Grover St Sold | $225,000 | 3 | 2 | 1,056 | $213 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property is explicitly marketed as a 'renovation project' and 'blank canvas,' signaling the need for substantial rehabilitation. Interior images reveal outdated features including popcorn ceilings, aging laminate flooring, and a bathroom with dated fixtures and tiling. The overall condition suggests that major systems and finishes are beyond their expected lifespan and require significant investment 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 = 1219.
Situated just minutes from downtown Nashville with immediate interstate access, this property offers exceptional convenience for commuters and high potential for rental demand.
Marketed as a 'blank canvas' and renovation project, this property presents a significant opportunity for investors or flippers to add value and build equity in a growing market.
The property is positioned as a total renovation project, implying that substantial capital investment will be required to address 1950s-era systems and finishes.
The assigned public schools have low performance ratings, which may limit the property's appeal to long-term owner-occupants with school-aged children.
Opportunity Knocks! This 2-bedroom, 1.5-bath home offers 1,219 sqft of potential in a prime location—just minutes from downtown and with easy access to the interstate. Whether you're an investor or looking for your next renovation project, this property is a blank canvas ready for transformation. Spacious layout and a location that can't be beat. Bring your vision and unlock the full potential of this hidden gem!
No exterior & parking available.
Grades 5 • 0.8 mi
Grades PK-4 • 3.7 mi
Grades PK-4 • 8.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,219 | 1,495.5 | 32% |
| Lot Size | 7,841 | 8,712 | 41% |
| Price | $225.0K | $375.0K | 23% |
| Price per sq ft | $185 | $238 | 27% |
| Built year | 1950 | 1970 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 358 | 0% |
Mar 27, 2026
$225,000
Initial Listing