2902 Murray Cir, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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2902 Murray Cir
Nashville, TN 37216
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
841Sq Ft
6,970Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$286,994
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $325,000—positioned well below the $295,276 Fair Market Value by -10%. Featuring R-6 Zoning on a 6,970 sq. ft. lot, the asset offers significant development potential for two single-family dwellings. With a Condition Rating of 6, the structure requires substantial capital for renovation or redevelopment. This is a strategic acquisition for Real Estate Developers or Buy-and-Hold Investors seeking to maximize land utility in a highly walkable Nashville neighborhood.
Estimated Market Value
$286,994
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 |
|---|---|---|---|---|---|---|
★ 2902 Murray Cir Subject 3 bd · 1 ba · 841 sqft · $341 | $300,000* List Price | 3 | 1 | 841 | $341 | - |
A 2905 Murray Cir Sold 3 bd · 1 ba · 1,149 sqft · $306 · 0.0 mi | $351,700 | 3 | 1 | 1,149 | $306 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1945 with no updates, the property is being sold AS-IS with no repairs. The listing explicitly highlights the R-6 zoning and potential to build two new single-family dwellings, indicating the value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-6 zoning on a nearly 7,000 sq. ft. lot offers a significant opportunity to potentially build two single-family dwellings, maximizing the investment value for builders and developers.
- Prime Walkable Location
Situated in a highly desirable Nashville neighborhood, the property boasts excellent walkability to local restaurants, shops, and amenities, enhancing its long-term appeal.
- Competitive Entry Price
Listed at $325,000, this property provides an accessible entry point into the 37216 market, offering high upside potential for those looking to renovate or rebuild.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold strictly in as-is condition with no seller repairs, which likely necessitates a full renovation or teardown, requiring substantial additional capital.
- Limited Existing Footprint
At only 841 square feet for a three-bedroom layout, the current structure is significantly undersized by modern standards and may not be functional without a total reconfiguration.
About 2902 Murray Cir
Welcome to 2902 Murray Cir, Nashville, TN 37216! An exciting opportunity in a convenient and highly walkable location! Situated on a little over 6,000 sq. ft. lot, this property is zoned R-6 and is believed to allow for two single-family dwellings, offering great potential for builders, investors, or buyers looking to create something new. Enjoy the convenience of being within walking distance to nearby restaurants, shops, and neighborhood amenities, with easy access to everything Nashville has to offer. Property is being sold AS-IS. Seller will make no repairs. Bring your vision and explore the possibilities this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 841 | 2,045.139 |
| Lot Size | 6,970 | 10,890 |
| Price | $300.0K | $556.0K |
| Price per sq ft | $357 | $305 |
| Built year | 1945 | 1971 |
| HOA | $0 | $133 |
| Days on market | 65 | 70 |
Pricing History
Listed for Sale
Oct 21, 2026
$300,000
$325,000
-8% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$325,000
Initial Listing