264 Wallace Rd, Nashville, TN 37211, Nashville, 37211 - 5 bed, 4 bath
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Nashville, TN 37211
This property presents a High-Potential Investment Opportunity with a List Price of $330,000—positioned slightly above the $324,470 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, the 11,326 sqft lot and 5-bedroom, 4.5-bath layout offer significant upside through potential duplex re-zoning or HPR subdivision. Located 15 minutes from downtown Nashville, this asset is ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to maximize rental yields or resale value.
Investor special in Nashville! 5BR/4.5BA fixer-upper with duplex/HPR potential on a large 0.25-acre lot. Perfect for renovation projects and value-add strategies.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 264 Wallace Rd Subject | $330,000* List Price | 5 | 4 | 2,000 | $162 | - |
A 279 Cathy Jo Dr Sold | $301,500 | 3 | 2 | 1,550 | $195 | 1.0 mi |
B 261 Eisenhower Dr Active | $379,900 List Price | 4 | 3 | 2,000 | $190 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966, this property is a mid-renovation 'investor special' that is currently unlivable. The kitchen and bathrooms are gutted to the studs, electrical and plumbing systems are exposed and unfinished, and the interior requires a full rehab to meet safety and occupancy standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2000.
The property offers significant investment upside with the potential for duplex re-zoning or HPR subdivision, allowing for multiple high-value exit strategies on a quarter-acre lot.
Situated just 15 minutes from downtown Nashville with immediate access to I-24 and Southern Hills Hospital, the location ensures high demand for future resale or rental.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1750. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property is being sold mid-renovation and in as-is condition, requiring a buyer with significant liquid capital and construction expertise to finish the project.
While the lot shows potential for subdivision or duplex conversion, these outcomes are contingent upon successful re-zoning, which introduces regulatory risk and potential delays.
Investor Special in Southeast Nashville! This 5 bedroom, 4.5 bath property sits on a quarter acre with endless opportunities to make the space your own. Set up to be an official duplex with re-zoning, with potential to sub-divide the lot for HPR! Mid-renovation and ready for an investor to come in and finish it out with their own vision, this property offers incredible potential. The backyard is private and framed by mature trees. Quick access to I-24 keeps you connected to Southern Hills Hospital, the Nashville Zoo, and downtown Nashville just 15 minutes away. Home to be sold as-is.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,000 | - |
| Lot Size | 11,326 | - |
| Price | $330.0K | $556.8K |
| Price per sq ft | $165 | $306 |
| Built year | 1966 | 0 |
| HOA | $0 | $0 |
| Days on market | 78 | 484 |
May 6, 2026
$330,000
Initial Listing