314 Hancock St, Nashville, TN 37207, Nashville, 37207 - 5 bed, 3 bath
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Nashville, TN 37207
This Historic East Nashville Hybrid Opportunity is listed at $575,000, aligning with its $562,130 Fair Market Value. Featuring a rare 5-bedroom layout and a Condition Rating of 3, the home provides move-in ready flexibility on a large 8,712 sqft lot. The SP Zoning and alley access allow for a DADU by right, offering significant rental upside near the Oracle riverfront development. While assigned schools like Gra-Mar Middle show lower ratings, the property's development potential remains a primary driver. This is a strategic asset for House Hackers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 314 Hancock St Subject | $575,000* List Price | 5 | 3 | 1,700 | $331 | - |
A 333 Hancock St Sold | $699,900 List Price | 3 | 3 | 1,808 | 0.1 mi | |
B 1121 N 2nd St Sold | $600,000 | 3 | 2 | 1,495 | $401 | 0.6 mi |
C 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.
Despite the 1900 build date, the property has undergone significant renovations. The kitchen/laundry area features modern white cabinetry and stone countertops, and the interior shows fresh paint and new carpeting. The visible electrical panel is modern, and the home is presented as move-in ready, consistent with a 5-15 year renovation cycle.
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 SP zoning and alley access allow for a Detached Accessory Dwelling Unit (DADU) by right, offering significant value-add potential for rental income or future expansion.
Featuring five true bedrooms in a historic East Nashville home is a rarity, providing exceptional flexibility for large families, house hacking, or short-term rental strategies.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1564. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The assigned public schools have low ratings (ranging from 2 to 3), which may be a concern for families prioritizing traditional educational performance.
With five bedrooms distributed across only 1,700 square feet, individual room sizes and common living areas may feel cramped compared to more modern or spacious floor plans.
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 | 97% |
| Baths | 3.0 | 2.0 | 69% |
| Square foot | 1,700 | 1,474.5 | 65% |
| Lot Size | 8,712 | 8,712 | 50% |
| Price | $575.0K | $377.5K | 89% |
| Price per sq ft | $338 | $238 | 85% |
| Built year | 1900 | 1970 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 329 | 1% |
May 5, 2026
$575,000
Initial Listing