
Nashville, TN 37216
This property presents a Prime Investment Opportunity with a List Price of $724,900—positioned well below the $742,723 Fair Market Value by 2%. This valuation gap offers $17,823 in Instant Equity. Featuring a Mint Condition Rating and R6 Zoning, the home allows for the construction of a second dwelling, maximizing rental yield. With modern finishes and a prime, walkable East Nashville location, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey asset with development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2913 Glenmeade Dr Subject 4 bd · 3 ba · 2,200 sqft · $338 | $724,900* List Price | 4 | 3 | 2,200 | $338 | - |
A 3111 Oxford St Sold 4 bd · 3 ba · 2,424 sqft · $374 · 0.2 mi | $907,500 | 4 | 3 | 2,424 | $374 | 0.2 mi |
B 1203 McChesney Ave Sold 4 bd · 3 ba · 1,998 sqft · $425 · 0.8 mi | $850,000 | 4 | 3 | 1,998 | $425 | 0.8 mi |
C 1012 Hart Ln Sold 4 bd · 3 ba · 2,204 sqft · $340 · 0.8 mi | $750,000 | 4 | 3 | 2,204 | $340 | 0.8 mi |
D 1003 Thomas Ave Sold 3 bd · 2 ba · 2,022 sqft · $321 · 0.7 mi | $650,000 | 3 | 2 | 2,022 | $321 | 0.7 mi |
E 1711 Marsden Ave Active 3 bd · 2 ba · 1,900 sqft · $342 · 0.4 mi | $650,000 List Price | 3 | 2 | 1,900 | $342 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1945, the home has undergone a complete, high-end modern renovation within the last 5 years. The kitchen features brand new white shaker cabinets, quartz countertops, and gold hardware, while the bathrooms showcase contemporary vertical tiling and modern fixtures. With fresh paint, new flooring, and recessed lighting throughout, the property is in mint, turn-key condition.
The R6 zoning allows for the construction of a second dwelling on the lot, providing a significant value-add opportunity for investors or homeowners looking to build an income-producing unit.
The seller offers owner financing at a competitive 6% interest rate with only 10% down, providing a strategic financial advantage and lower barrier to entry in a high-rate market.
Situated in a trendy East Nashville pocket, the property boasts high walkability to popular local spots like Sho Pizza and Village Pub, ensuring strong lifestyle appeal and rental demand.
Originally built in 1945, the property may have underlying aged systems or structural elements that modern cosmetic renovations do not fully address, potentially leading to higher long-term maintenance.
While the zoning permits a second home, the 8,712 sqft lot size may result in limited outdoor space and reduced privacy for both residents if a second structure is added.
Interest Rates Too High? We offer Owner Financing! Owner Financing Available at 6% with min 10% down. LOCATION!!!! This renovated home is zoned R6 with the ability to build a second home on the lot! Live in one and build another... or rent existing and build a second. Lots of possibilities! Walking distance to trendy hot spots like Sho Pizza Bar and Village Pub and Beer Garden, minutes to hot spots like Riverside Village, Five Points, Shelby Bottoms, downtown Nashville and Nissan Stadium. Home has been thoughtfully renovated with modern finishes throughout. Main floor boasts primary bedroom with a huge, modern bathroom and two guests rooms that share a full bath. Open concept living with den and kitchen- perfect for entertaining. Upstairs you'll enjoy a rec room, laundry area, half bath and another bedroom. This home is perfect for families or as a rental. Plenty of parking space. Fresh paint and modern touches make this place completely turn key and ready to move in. . Home was recently a rental and earned $3500 a month. Home is virtually staged
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,200 | 2,045.139 |
| Lot Size | 8,712 | 10,890 |
| Price | $724.9K | $556.0K |
| Price per sq ft | $330 | $305 |
| Built year | 1945 | 1971 |
| HOA | $0 | $133 |
| Days on market | 53 | 70 |
Sep 1, 2026
$724,900
Initial Listing