
Nashville, TN 37211
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned well above the $534,641 Fair Market Value by -21%. Featuring a legal duplex configuration on a 0.5-acre double lot with DADU development potential, this asset offers significant income-generation capabilities. While the home maintains a Condition Rating of 4, requiring cosmetic updates, its versatile layout supports multi-generational living. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage short-term rental permits to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 248 Sunrise Ave Subject 4 bd · 3 ba · 2,315 sqft · $231 | $650,000* List Price | 4 | 3 | 2,315 | $231 | - |
A 150 Lake Park Dr Sold 3 bd · 2 ba · 1,950 sqft · $251 · 0.5 mi | $489,900 | 3 | 2 | 1,950 | $251 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is structurally solid and well-maintained but features highly dated kitchen and bathroom areas that require cosmetic updates and TLC.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21344, living area = 2315.
The 0.5-acre flat double lot is zoning-approved for a primary residence plus a DADU on each lot, offering exceptional value-add opportunities for investors or developers.
Configured as a legal duplex with separate utilities and eligibility for owner-occupied short-term rental permits, this property provides significant mortgage-offset potential.
Built in 1946, the property requires cosmetic updates and 'TLC' to modernize the space, necessitating immediate capital expenditure or sweat equity.
The assigned middle and high schools currently hold low performance ratings, which may be a deterrent for families prioritizing top-tier public education.
Choose one or ALL reasons to fall in love with this conveniently located and rare opportunity to make one of the smartest purchases in Nashville! A single-family house (split into an official duplex) sits on 0.5 acre flat & pretty double lot approved by zoning to build a home + DADU on each lot in the future. Meanwhile, the house can be used as is or with some TLC updated for multi-generational living or to live in one side and long- or short- term rent (guaranteed owner occupied STR permit) the other side to pay for a good portion of your mortgage. Full basement with windows allows for further expansion. Main house has 3 bedrooms (one is a suite above 2 car garage and can be used as a separate unit) and 2 baths, kitchen, dining and living room with lots of natural light and hardwood floors, its own central heat (gas) and electrical cooling, own water heater, 2 car garage. The upstairs is a cozy and spacious 1 BR/1BA apartment with its own entry, water heater, electrical meter and HVAC unit (all electrical). Come see it with your own eyes and get your dreams going! (see this listing for ideas https://go.realtracs.com/1lTEzB5 ). House is solid, well taken care with termite policy since 2005, cosmetic and otherwise updates offer fantastic potential for DIY. Great for large families, entrepreneurial singles and young couples, long term investors, landlords, anyone with a plan and love for homes. Please see floor plans and the 3D tour for the measurements and the layout that offers so many creative options.
No exterior & parking available.
Grades K-4 • 0.8 mi
Grades 5-8 • 0.3 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,315 | 2,045.139 |
| Lot Size | 21,344 | 10,890 |
| Price | $650.0K | $556.0K |
| Price per sq ft | $281 | $305 |
| Built year | 1946 | 1971 |
| HOA | $0 | $133 |
| Days on market | 40 | 70 |
Sep 14, 2026
$650,000
Initial Listing