264 Wallace Rd, Nashville, TN 37211, Nashville, 37211 - 5 bed, 4 bath
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264 Wallace Rd
Nashville, TN 37211
ACTIVE
CONDITION: POOR
5Beds
4Baths
2,000Sq Ft
11,326Lot Size
Property Price
LIST PRICE$290,000
EST. MARKET VALUE
$294,605
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $290,000—positioned well below the $294,606 Fair Market Value by 1.5%. This valuation gap offers $4,606 in Instant Equity for buyers prepared to manage a full rehab. With a Condition Rating of 5, the home requires significant capital to address structural and cosmetic needs. The large lot and potential for duplex rezoning make this a strategic Fix-and-Flip Investor asset, ideal for Contractors seeking a value-add project in a high-demand Nashville corridor.
Estimated Market Value
$294,605
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 264 Wallace Rd Subject | $290,000* List Price | 5 | 4 | 2,000 | $147 | - |
A 261 Eisenhower Dr Sold | $315,000 | 4 | 3 | 2,000 | $158 | 0.3 mi |
B 274 Locustwood Dr Active | $225,000 List Price | 3 | 2 | 1,742 | $129 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1966 and currently in a mid-renovation state, the property is unlivable with gutted bathrooms, exposed plumbing and electrical systems, and significant water damage on ceilings requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Significant Investment Potential
Priced competitively at $290,000 for a 5-bedroom residence in Nashville, this property offers substantial equity upside for investors or flippers ready to complete the mid-renovation project.
- Strategic Location
The home boasts excellent connectivity, situated just 15 minutes from Downtown Nashville and minutes from I-24, Southern Hills Hospital, and the Nashville Zoo, ensuring high future resale or rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Unfinished As-Is Condition
The property is mid-renovation and sold strictly as-is with no seller repairs, requiring the buyer to have significant liquid capital and oversight for construction completion.
- Complex Purchase Process
Being a bank-owned property requiring third-party approval and corporate addendums, buyers should expect longer response times and a more rigid negotiation process compared to traditional sales.
About 264 Wallace Rd
Investor opportunity in Southeast Nashville! This 5-bedroom, 4-bath property sits on over a quarter-acre and offers plenty of potential for the buyer with vision. Currently mid-renovation, the home is ready for your finishing touches and ideas. Potential for duplex use with appropriate rezoning—buyer to verify all zoning, permitted uses, and requirements with the appropriate city and county authorities. The backyard is framed by mature trees, creating a private, tucked-away feel with room to make the outdoor space your own. Convenient access to I-24 keeps you connected to Southern Hills Hospital, the Nashville Zoo, shopping, dining, and Downtown Nashville, approximately 15 minutes away. Bank-owned property sold AS-IS. Seller will make no repairs. All offers are subject to seller's corporate addendum and third-party approval. Please allow reasonable response time for seller review.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Haywood Elementary School
Grades PK-4 • 0.4 mi
4/10
Mcmurray Middle School
Grades 5-8 • 1.7 mi
4/10
John Overton Comp High School
Grades 9-12 • 3.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,000 | 2,093.129 |
| Lot Size | 11,326 | 10,890 |
| Price | $290.0K | $568.3K |
| Price per sq ft | $145 | $307 |
| Built year | 1966 | 1971 |
| HOA | $0 | $137 |
| Days on market | 33 | 69 |
Pricing History
Listed for Sale
Aug 7, 2026
$290,000
Initial Listing