
Nashville, TN 37214
This High-Potential Investment Opportunity is a Turnkey Single Family Residence listed at $389,000, positioned well below the $389,889 Fair Market Value by 0.23%. Featuring a Mint Condition Rating with modern renovations, this property offers a rare Commercial Zoning designation, enabling non-owner STR potential. With a large 16,117 sqft lot and a private deck, it provides significant utility. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate equity and long-term rental versatility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2503 Merry Oaks Dr Subject | $389,000* List Price | 3 | 2 | 1,135 | $344 | - |
A 417 Blue Hills Dr Sold | $440,000 | 3 | 2 | 1,365 | $322 | 0.1 mi |
B 2718 McKeige Dr Sold | $345,000 | 3 | 1 | 1,178 | $293 | 0.7 mi |
C 417 Blue Hills Dr Sold | $440,000 | 4 | 2 | 1,365 | $322 | 0.1 mi |
D 307 Lorna Dr Sold | $349,900 | 3 | 1 | 1,000 | $350 | 0.8 mi |
E 417 Blue Hills Dr Sold | $440,000 | 4 | 2 | 1,365 | $322 | 0.1 mi |
F 414 Springview Dr Active | $488,000 List Price | 3 | 2 | 1,250 | $390 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1957, the property has undergone a full modern renovation within the last 5 years. The kitchen features contemporary white shaker cabinets, stone countertops, and subway tile backsplash. The interior shows new flooring, updated lighting, and fresh paint throughout, meeting the criteria for mint condition and move-in readiness.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1135.
The unique commercial zoning within a residential neighborhood offers rare potential for non-owner short-term rentals (STR), providing a significant advantage for investors.
Fully renovated and move-in ready, this home features updated interior spaces and a fully fenced backyard, minimizing the need for immediate capital improvements.
At 1,135 square feet for a three-bedroom configuration, the living areas may feel compact, potentially limiting appeal for families requiring more spacious common areas.
The assigned public middle and high schools have lower performance ratings (3/10), which may be a deterrent for education-focused families and impact future resale velocity.
Why rent when you can own? Imagine turning the key to a place that's finally yours. The morning sun streams through the windows as coffee brews in the kitchen. Later, friends gather in the backyard for burgers on the grill and laughter that lingers into the evening. As the day winds down, you settle into the light-filled living room, grateful for the simple joy of being home. Fully renovated and move-in ready, this home offers more than updated spaces—it offers a new chapter. An efficient floor plan makes every square foot count, while thoughtful improvements help you spend less time worrying about maintenance and more time making memories. The fully fenced backyard creates space to garden, entertain, relax, and enjoy life outdoors. And with downtown, major employers, and Donelson's restaurants just minutes away, convenience is always close at hand. This is where renting ends, equity begins, and the dream of homeownership becomes your everyday reality. Unique opportunity for investors - zoned commercial in a residential neighborhood, so non-owner STR potential exists (buyer to do their own due diligence to confirm). **Ask about special financing incentives with Rocket Mortgage - 1% lower rate or up to $6K in closing costs**
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades 5-8 • 2.8 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,135 | - |
| Lot Size | 16,117 | - |
| Price | $389.0K | $556.8K |
| Price per sq ft | $343 | $306 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 36 | 484 |
Jun 17, 2026
$389,000
Initial Listing