314 Hancock St, Nashville, TN 37207, Nashville, 37207 - 5 bed, 3 bath
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Nashville, TN 37207
This Strategic East Nashville Income Asset is listed at $599,900, representing a high-utility acquisition aligned with its $550,502 Fair Market Value. Boasting a Good Condition Rating, this updated historic home features a rare 5-bedroom layout and SP Zoning allowing for a DADU by right on the 8,712 sqft lot. The inclusion of a private deck and proximity to the Oracle riverfront development ensures strong future appreciation. This property is a premier choice for House Hackers or Short-Term Rental Investors looking to maximize density in Cleveland Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 314 Hancock St Subject | $585,000* List Price | 5 | 3 | 1,700 | $332 | - |
A 333 Hancock St Sold | $699,900 List Price | 3 | 3 | 1,808 | 0.1 mi | |
B 1120 Meridian St Sold | $600,000 | 4 | 3 | 1,822 | $329 | 0.6 mi |
C 1121 N 2nd St Sold | $600,000 | 3 | 2 | 1,495 | $401 | 0.6 mi |
D 1120 Meridian St Sold | $600,000 | 4 | 3 | 1,822 | $329 | 0.6 mi |
E 238 Treutland Ave Active | $559,000 List Price | 3 | 3 | 1,430 | $391 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1900, the property is move-in ready and has undergone significant updates. The interior features modern stone countertops, updated white cabinetry, and fresh neutral paint. The flooring includes a mix of LVP and newly installed carpet, and the seller is even offering credits for further flooring upgrades. While the appliances and fixtures appear to be standard grade rather than high-end luxury, the overall condition is well-maintained with no immediate renovations required, fitting the 'Good' criteria for an updated historic home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1700.
The property’s SP zoning allows for a Detached Accessory Dwelling Unit (DADU) by right with alley access, offering significant value-add potential for rental income or future expansion.
Featuring five true bedrooms, this home offers a unique and flexible layout that is rare for the East Nashville area, making it an ideal candidate for house hacking or short-term rental strategies.
The assigned public schools currently hold low performance ratings, which may be a drawback for families prioritizing education and could limit the pool of future buyers.
With five bedrooms configured within 1,700 square feet, the individual room sizes and living areas may feel significantly smaller or more cramped than typical homes of this bedroom count.
Historic East Nashville opportunity in the heart of Cleveland Park! 314 Hancock St is a rare 5 bed, 3 bath home offering flexibility, character, and development potential under SP zoning. This updated home features a unique layout that’s hard to find in the area — very few homes on the street offer five true bedrooms. Zoned SP (Specific Plan), this property allows for a Detached Accessory Dwelling Unit (DADU) by right. The lot qualifies for up to a 750 sq ft footprint (subject to SP guidelines), and alley access makes future development practical. Ideal setup for owner-occupied STR (buyer to verify all short-term rental regulations), long-term rental income, or future expansion. Seller is offering a credit at closing to allow the buyer to replace the newly installed carpet with LVP flooring and/or tile to better fit their vision or investment strategy. Located just blocks from some of East Nashville’s best dining and retail, and minutes to Downtown. With the upcoming Oracle riverfront development and continued investment throughout the area, this pocket continues to see strong growth and demand. Whether you’re looking for a primary residence with upside, a house hack opportunity, or a long-term hold with development potential, this property offers multiple strategic paths. Buyer and buyer’s agent to verify all pertinent information including zoning, STR eligibility, and development potential.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades PK-4 • 0.4 mi
Grades 5-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,700 | 1,495.5 | 64% |
| Lot Size | 8,712 | 8,712 | 50% |
| Price | $585.0K | $375.0K | 91% |
| Price per sq ft | $344 | $240 | 83% |
| Built year | 1900 | 1970 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 364 | 0% |
Apr 4, 2026
$585,000
$599,900
-2% Price Drop
Initial Listing
Feb 26, 2026
$599,900
Initial Listing