
Nashville, TN 37207
This Prime Investment Opportunity is a Residential Income Asset listed at $369,900—positioned well below the $380,458 Fair Market Value by 2%. This valuation gap offers $10,558 in Instant Equity. With a Condition Rating of 4, the property provides immediate cash flow through two existing tenancies and significant rental upside. Its flexible zoning and eligibility for 100% conventional financing make this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a high-demand Nashville corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2504 Highland Trace Dr Subject 0 bd · 0 ba · 1,664 sqft · $220 | $349,900* List Price | 0 | 0 | 1,664 | $220 | - |
A 640 Rowan Dr Active 0 bd · 0 ba · 1,397 sqft · $225 · 0.4 mi | $314,900 List Price | 0 | 0 | 1,397 | $225 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is over 40 years old and shows signs of age, including a visible window AC unit indicating older or supplemental HVAC systems. While the exterior is dated, the property is fully functional, currently tenant-occupied, and generating income, suggesting it needs minor updates and cosmetic repairs rather than a major structural rehab.
The property features two income-producing units with tenants already in place, ensuring immediate rental continuity and cash flow from the date of purchase.
Current rents are historically below market averages for the Nashville area, providing a clear opportunity for investors to increase rental income and overall property value as leases expire.
Eligibility for 100% conventional financing with no PMI and a month-to-month lease on one unit offers excellent flexibility for house hacking or low-down-payment investment.
One unit is under lease until April 2027 at a below-market rate, which restricts the owner's ability to adjust that portion of the income to current market levels for several years.
Built in 1984, the property may require more frequent maintenance or capital improvements to aging systems and finishes compared to newer residential income assets.
Investment opportunity in Nashville with two income-producing units, tenants in place, and meaningful rental upside. Priced at $349,900, 2504 Highland Trace Dr currently generates $1,700 per month, with one long-term tenant paying $800/month on a month-to-month agreement and the second paying $900/month with a lease through April 2027. Both tenants are open to staying, offering an investor immediate rental continuity from day one. Current rents have historically been kept below area rental levels, creating an opportunity for future income growth as leases allow. For buyers looking to house hack, the month-to-month tenancy also provides potential future flexibility to occupy one side while generating income from the other. Qualified owner-occupants may also be eligible for 100% conventional financing with no PMI through select lending programs. Convenient access to Briley Parkway, Whites Creek Pike and major Nashville corridors adds to the property's long-term rental appeal. Whether you're adding to an existing portfolio, completing a 1031 exchange or purchasing your first two-unit investment, this property offers immediate income, tenant stability and future upside, all under $350,000. Buyer and buyer's agent to independently verify lease terms, rental information, financing eligibility and future rental projections.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,664 | 1,967.444 |
| Lot Size | - | - |
| Price | $349.9K | $455.6K |
| Price per sq ft | $210 | $238 |
| Built year | 1984 | 1964 |
| HOA | $0 | $0 |
| Days on market | 59 | 82 |
Oct 19, 2026
$349,900
$369,900
-5% Price Drop
Initial Listing
Aug 26, 2026
$369,900
Initial Listing