
Nashville, TN 37207
This Development-Ready Residential Asset represents a High-Potential Investment Opportunity with a List Price of $329,000—positioned well below the $376,177 Fair Market Value by 12%. This valuation gap provides $47,177 in Instant Equity for buyers looking to capitalize on the lot-split potential into two separate parcels. While the existing 1951 structure maintains a Condition Rating of 4, its primary value lies in the 6,970 sqft lot located near the booming Dickerson Pike corridor. This high-upside project is perfectly suited for Real Estate Developers or Value-Add Investors.
Property is moderate renovation needed.
Built in 1951, the property appears to be well-maintained with recent cosmetic updates including fresh grey paint and new carpeting. However, the kitchen is dated with 1990s-style oak cabinetry, laminate countertops, and older white coil-top appliances. While the listing description emphasizes the property's value as a tear-down for lot subdivision, the interior photos show a functional, livable space that has undergone regular upkeep rather than a full modern renovation.
The lot offers a unique opportunity to be split into two separate parcels via a simple quitclaim deed, providing significant value-add potential for builders or investors looking to maximize density.
Situated just 5 miles from Downtown Nashville with easy interstate access and proximity to the high-growth Dickerson Pike corridor, the property is perfectly positioned for future appreciation.
The property provides multiple exit strategies, allowing a buyer to either renovate the existing 1951 structure or capitalize on the surrounding new construction activity with a fresh build.
To utilize the lot-split potential, the existing structure must be torn down as it straddles the property line, which may limit options for buyers wanting to keep the original home.
At only 656 square feet, the current residence is exceptionally small, likely requiring a full expansion or replacement to meet the needs of modern homeowners.
This lot can be split into two parcels with a simple quitclaim deed, only if you tear down home, great value! In order to do this there cannot be a structure straddling the property line so this applies to tear down existing structure and new build only. 5 miles to Downtown, easy access to the interstate. Right off Dickerson which is hot with new development. Opportunity to renovate or build new on this lot where all new activity is occurring! 2900 Morningside (MLS#: 3150047) also for sale by seller.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades PK-4 • 2.4 mi
Grades 5-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 656 | 1,495.5 | 0% |
| Lot Size | 6,970 | 8,712 | 28% |
| Price | $329.0K | $375.0K | 37% |
| Price per sq ft | $502 | $240 | 97% |
| Built year | 1951 | 1970 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 358 | 0% |
Mar 18, 2026
$329,000
Initial Listing