2415 Herman Street, 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 |
|---|---|---|---|---|---|---|
★ 2415 Herman Street Subject | $600,000* List Price | 0 | 0 | 1,439 | $417 | - |
A 2413 Herman St 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 is currently boarded up with all utilities disconnected and is described as being in dilapidated condition. The listing emphasizes the land's value for multi-unit redevelopment rather than the existing structures, which are unlivable and require demolition or a total gut renovation.
Situated just five minutes from downtown Nashville and major medical centers, the property offers exceptional proximity to the city's core employment and entertainment hubs.
The site presents a significant opportunity for multi-unit development, catering to the high demand for new residential construction in the rapidly evolving 37208 area.
The option to purchase this alongside the adjacent duplex at 2413 Herman Street allows for a larger land assembly, maximizing the potential for a high-density project.
The existing buildings are currently boarded up and in need of major repairs with utilities disconnected, indicating a likely tear-down or total gut renovation.
The $600,000 list price for a non-functional structure requires substantial additional capital for development or restoration before any rental income can be realized.
2 duplexes to be sold together, but are listed separately (see also 2413 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