2402 Pafford Dr, Nashville, TN 37206, Nashville, 37206 - 5 bed, 2 bath
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Nashville, TN 37206
This property presents a High-Potential Investment Opportunity with a List Price of $599,900—positioned well above the $445,200 Fair Market Value. While the current valuation reflects a premium, the R10 Zoning and massive 13,068 sqft lot provide a lucrative path for subdivision into two lots. With a Condition Rating of 5, the existing 2,697 sqft structure requires a total rehab, making this a strategic play for Developers and Fix-and-Flip Investors focused on the high-demand 37206 market where new construction consistently exceeds $1M.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2402 Pafford Dr Subject | $599,900* List Price | 5 | 2 | 2,697 | $165 | - |
A 2409 Carter Ave Sold | $610,000 | 4 | 2 | 2,423 | $252 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 (>70 years old), the property is marketed primarily for land value and development potential. While the bathroom shows a partial renovation (tiled walk-in shower) and some flooring has been updated, the home exhibits significant deferred maintenance and clutter. The listing explicitly suggests a 'rebuild' or 'two new builds,' indicating the existing structure requires a total rehab 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 = 13068, living area = 2697.
The R10 zoning and large 13,068 sqft lot provide a lucrative opportunity to subdivide the property into two lots, a highly profitable strategy in a neighborhood where new builds command $1M+.
Situated in the high-demand 37206 zip code of East Nashville, the property offers excellent proximity to downtown, trendy dining, and shopping, ensuring strong appreciation and buyer interest.
Built in 1952, the property likely requires extensive modernization of major systems and finishes to meet current market expectations for luxury or move-in ready homes.
The assigned public schools, such as Inglewood Elementary and Stratford High, currently hold low ratings, which may be a deterrent for families prioritizing academic district performance.
The Highly sought after 37206! Situated on a large lot in one of East Nashville’s fastest-growing and most desirable areas. Ideal for investors, builders, developers, or buyers looking to secure prime real estate in a location where new construction homes are selling for $1M+. The existing home features generous square footage, multiple living spaces, and a spacious backyard. Whether you choose to renovate, rebuild your dream home, or explore the potential for two new builds (zoned R10 - eligible for 2 lots), the value is here! Minutes from downtown, dining, shopping, and everything East Nashville has to offer. Incredible opportunity in a high-demand location!
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 0.7 mi
Grades 5-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,697 | 1,856 | 88% |
| Lot Size | 13,068 | 8,276 | 88% |
| Price | $599.9K | $555.0K | 54% |
| Price per sq ft | $222 | $346 | 25% |
| Built year | 1952 | 1938 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 775 | 1% |
May 12, 2026
$599,900
Initial Listing
Jul 28, 1995
$78,500
Public Record
Feb 28, 1995
$57,500
Public Record
Jan 18, 1995
$50,100
Public Record