2740 Jones Ave, Nashville, TN 37207, Nashville, 37207 - 0 bed, 0 bath
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Nashville, TN 37207
This duplex presents a High-Potential Investment Opportunity with a List Price of $385,000—positioned well below the $389,157 Fair Market Value by 1%. This valuation gap offers $4,157 in Instant Equity for investors. With a Condition Rating of 4, the property provides immediate rental income while offering significant value-add potential through modernization. The 0.75-acre lot provides rare redevelopment flexibility in a growing market. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth.
Property is moderate renovation needed.
Built in 1960, the property is over 60 years old but has received some mid-range updates (likely 15-20 years ago) including painted cabinets, laminate countertops, and a newer bathroom vanity. While functional and move-in ready for tenants, it remains dated with popcorn ceilings, older vinyl flooring, and aged exterior HVAC units. The listing's emphasis on 'value-add' and 'redevelopment' potential aligns with a property that requires modernization to meet current market standards.
The property sits on a rare 0.75-acre lot, providing significant space for future redevelopment, expansion, or the addition of accessory structures in a growing Nashville market.
As an established duplex with an existing tenant, this property offers immediate cash flow and a versatile 'value-add' opportunity for investors looking to optimize rental rates.
The property is conveniently located with excellent proximity to local schools, specifically situated just 0.32 miles from Jere Baxter Middle School and 0.6 miles from Tom Joy Elementary.
Built in 1960, the property may require capital improvements to modernize major systems and cosmetic finishes to meet contemporary tenant expectations.
The assigned middle and high schools currently hold low performance ratings, which could potentially limit the property's appeal to long-term family-oriented renters.
Rare duplex opportunity on a spacious 0.75-acre lot. Each unit offers 2 bedrooms and 1 bathroom, creating an attractive option for investors seeking rental income, value-add potential, or future redevelopment opportunities. The property has been maintained over the years and offers flexibility for a variety of investment strategies. With its large lot, convenient location, and multiple avenues for future growth, this property presents a unique opportunity in today's market. ***Do not disturb tenant in unit B (the right side)***
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 0.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,536 | 1,616 | 50% |
| Lot Size | - | - | 50% |
| Price | $385.0K | $378.5K | 50% |
| Price per sq ft | $251 | $229 | 50% |
| Built year | 1960 | 1982 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 279 | 25% |
May 27, 2026
$385,000
Initial Listing