305 Norway Ct, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
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305 Norway Ct
Nashville, TN 37211
ACTIVE
CONDITION: GOOD
2Beds
1Baths
756Sq Ft
6,970Lot Size
Property Price
LIST PRICE$189,900
EST. MARKET VALUE
$204,592
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $189,900—positioned well below the $204,593 Fair Market Value by 7%. This valuation gap offers $14,693 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Renovated Bathroom, Granite Countertops, and a New Back Deck. With a stable tenant in place through 2027, this is a turnkey Asset ideal for Buy-and-Hold Investors or first-time buyers seeking immediate, hassle-free rental income.
Estimated Market Value
$204,592+$14,692 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 305 Norway Ct Subject 2 bd · 1 ba · 756 sqft · $271 | $189,900* List Price | 2 | 1 | 756 | $271 | - |
A 4904 Dolphin Dr Sold 2 bd · 1 ba · 950 sqft · $253 · 0.8 mi | $240,000 | 2 | 1 | 950 | $253 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1984 but recently renovated (<5 years) with new LVP flooring, granite countertops, windows, and a new back deck. While the kitchen cabinets appear to be original wood and dated, the property is move-in ready, well-maintained, and features a renovated bathroom, meeting the criteria for a functional, updated investment property.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property serves as a turnkey investment with a stable tenant in place through August 2027, generating $1,350 in monthly rental income from day one.
- Extensive Modern Renovations
Recent upgrades including new windows, granite countertops, LVP flooring, and a renovated bathroom significantly reduce immediate capital expenditure requirements for the buyer.
- No HOA Overhead
The absence of a Homeowners Association eliminates monthly fees and restrictive covenants, maximizing the net operating income and providing greater owner flexibility.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At just 756 square feet, the compact footprint may limit the property's appeal to larger families or tenants requiring more storage and living area.
- Underperforming School District
The assigned public schools carry low ratings, particularly the high school at a 2/10, which could impact long-term appreciation and appeal to family-oriented demographics.
About 305 Norway Ct
Great Investment Opportunity with Immediate Rental Income! This well-maintained property is an excellent income-producing investment located in a quiet neighborhood with NO HOA. The property has been recently updated with new windows, a renovated bathroom and vanity, new light fixtures, granite countertops with a new faucet, new LVP flooring, fresh paint, and a new back deck. The property is currently rented for $1,350 per month, with the lease in place through August 31, 2027, providing the new owner with immediate and stable rental income without the need to find a new tenant. Conveniently located near schools, shopping, restaurants, and major interstate access, making it attractive to both tenants and investors. A great opportunity for an investor looking for a renovated property with an existing tenant, established rental income, and no HOA!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Paragon Mills Elementary School
Grades PK-4 • 0.9 mi
4/10
Wright Middle School
Grades 5-8 • 0.8 mi
3/10
Glencliff Comp High School
Grades 9-12 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 756 | 2,045.139 |
| Lot Size | 6,970 | 10,890 |
| Price | $189.9K | $556.0K |
| Price per sq ft | $251 | $305 |
| Built year | 1984 | 1971 |
| HOA | $0 | $133 |
| Days on market | 55 | 70 |
Pricing History
Listed for Sale
Aug 30, 2026
$189,900
Initial Listing