2413 Herman St, Nashville, TN 37208, Nashville, 37208 - 0 bed, 0 bath
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Nashville, TN 37208
This Redevelopment Asset presents a High-Potential Investment Opportunity with a List Price of $600,000, which is positioned at its $600,000 Fair Market Value. Currently in a Dilapidated Condition with a Condition Rating of 6, the property's value is anchored by its proximity to downtown Nashville and major medical centers. The site offers significant Development Potential for multiple units, especially when assembled with the adjacent property. This strategic acquisition is an ideal project for Real Estate Developers or Portfolio Investors looking to maximize density in a high-growth urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2413 Herman St Subject | $600,000* List Price | 0 | 0 | 1,439 | $417 | - |
A 2415 Herman Street Active | $600,000 List Price | 0 | 0 | 1,439 | $417 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property consists of boarded-up structures with utilities disconnected, which the listing explicitly describes as a redevelopment opportunity for multiple units. Built in 1979 and currently in a dilapidated state, the buildings appear unlivable, and the primary value lies in the land and its proximity to downtown Nashville.
Situated just five minutes from downtown Nashville and major medical centers, this property offers exceptional proximity to key employment hubs and urban amenities.
The site presents a significant opportunity for redevelopment into multiple units, making it an ideal prospect for investors looking to maximize density in a high-growth area.
The availability of the adjacent property at 2415 Herman Street allows for a larger-scale assembly, providing greater flexibility for a comprehensive residential project.
The existing structures are boarded up and require extensive repairs, with utilities currently disconnected, necessitating a full renovation or complete demolition.
Beyond the acquisition cost, the property requires significant upfront investment for site preparation and construction, as the current buildings provide no immediate rental income.
2 duplexes to be sold together, but are listed separately (see also 2415 Herman Street), fantastic opportunity to build multiple units, 5 minutes from downtown Nashville and major medical centers. Buildings are in need of repairs and are boarded up. Utilities are off. Buyer and agents please verify all pertinent information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,439 | 1,323 | 57% |
| Lot Size | - | - | 50% |
| Price | $600.0K | $265.0K | 86% |
| Price per sq ft | $417 | $221 | 86% |
| Built year | 1979 | 1949 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 342 | 410 | 29% |
May 16, 2025
$600,000
Initial Listing