2619 Pennington Ave, Nashville, TN 37216, Nashville, 37216 - 2 bed, 1 bath
Loading property details...
Nashville, TN 37216
This R6-Zoned Development Asset represents a strategic acquisition in the high-growth Inglewood neighborhood of East Nashville. With a List Price of $324,000, the property is positioned for redevelopment, acknowledging the $234,483 Fair Market Value of the existing structure. The 0.17-acre level lot provides high utilization potential, zoned to accommodate two new homes up to 6,000 SF to maximize ROI. Currently holding a Condition Rating of 6 and sold strictly As-Is, the site is a prime candidate for a full teardown. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2619 Pennington Ave Subject | $324,000* List Price | 2 | 1 | 884 | $265 | - |
A 1015 Dozier Pl Sold | $265,000 | 2 | 1 | 980 | $270 | 0.8 mi |
B 2162 Rock City St Active | $315,000 List Price | 3 | 1 | 918 | $343 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1952 and marketed specifically as an investment opportunity for builders and flippers, this property is being sold 'As-Is' with a focus on its R6 zoning and redevelopment potential for two new homes. The age of the structure, lack of interior updates, and the listing's emphasis on land utilization suggest the existing building is at the end of its economic life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 884.
The R6 zoning on this 0.17-acre lot allows for the construction of two homes up to 6,000 SF, providing a lucrative opportunity for builders to maximize density in a high-demand area.
Situated in the desirable Inglewood neighborhood, the property is surrounded by active new development, ensuring strong market appreciation and resale value for a finished project.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 884, other record living area = 844.
The property is being sold strictly in as-is condition, implying that the 1952 structure likely requires a total tear-down or a complete, costly renovation.
With only 884 square feet and a 2-bed, 1-bath layout, the current residence is undersized for modern buyer expectations, making it unsuitable for most owner-occupants without immediate heavy investment.
Amazing investment opportunity for builders and flips in East Nashville!! 0.17 acres that are zoned R6 to allow 2 homes on it up to 6000 SF. Lots of new development around this charming level lot. Selling AS IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 884 | 1,741.5 | 5% |
| Lot Size | 7,405 | 12,632 | 9% |
| Price | $324.0K | $542.5K | 19% |
| Price per sq ft | $367 | $330 | 69% |
| Built year | 1952 | 1950 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 581 | 0% |
Apr 16, 2026
$324,000
Initial Listing