320 Welch Rd F7, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
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320 Welch Rd F7
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
2Beds
1Baths
963Sq Ft
871Lot Size
Property Price
LIST PRICE$110,000
EST. MARKET VALUE
$104,257
5% AboveMARKET VALUE
SUMMARY
This condo presents a Strong Value Opportunity with a List Price of $110,000—positioned well below the $104,257 Fair Market Value by -5%. While the property carries a Condition Rating of 4, it offers immediate cash flow with a current tenant paying $1,450/month. Featuring a private deck and patio, this unit provides a functional layout in a high-demand South Nashville location. Given the financing restrictions, this is a strategic acquisition ideal for Buy-and-Hold Investors or cash-ready buyers seeking a high-yield rental asset.
Estimated Market Value
$104,257
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 |
|---|---|---|---|---|---|---|
★ 320 Welch Rd F7 Subject 2 bd · 1 ba · 963 sqft · $108 | $110,000* List Price | 2 | 1 | 963 | $108 | - |
A 4958 Edmondson Pike 23 Sold 2 bd · 2 ba · 1,134 sqft · $106 · 0.8 mi | $120,701 | 2 | 2 | 1,134 | $106 | 0.8 mi |
B 320 Welch Rd G5 Active 2 bd · 1 ba · 963 sqft · $133 · 0.0 mi | $128,500 List Price | 2 | 1 | 963 | $133 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1968, the property is over 50 years old and shows significant dating in the bathroom and overall aesthetic. While the laminate flooring appears to be a more recent update, the bathroom fixtures and cabinetry are aged, and the property's ineligibility for FHA/VA financing suggests it may require repairs or updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated in the heart of South Nashville, the property offers exceptional connectivity to I-24, I-65, and Downtown, making it ideal for commuters and those seeking proximity to major attractions like GEODIS Park and BNA.
- Strong Investment Potential
With a current monthly rental income of $1,450 and a tenant already in place, this property offers an immediate cash-flow opportunity and a high rent-to-price ratio for savvy investors.
- Exceptional Affordability
Priced at $110,000, this condo represents a rare and accessible entry point into the competitive Nashville market, providing significant value compared to regional price averages.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1052.
- Financing Restrictions
The property is ineligible for FHA or VA financing, limiting the buyer pool to cash or conventional loan candidates and potentially complicating the closing process for some first-time buyers.
- Aging Infrastructure
Built in 1968, the unit and complex may require more frequent maintenance or future capital improvements compared to newer developments, which should be considered in long-term budgeting.
About 320 Welch Rd F7
Welcome to an incredible opportunity in the heart of South Nashville! This 2-bedroom, 1-bath condo at Pagoda Condominiums offers an affordable entry point into one of Nashville’s most convenient locations, just minutes from Downtown Nashville, BNA, GEODIS Park, the Nashville Zoo, shopping, dining, and everyday essentials. With quick access to I-24, I-65, Nolensville Pike, and Harding Place, getting around the city couldn’t be easier. Inside, you’ll find a functional floor plan with a spacious living area, abundant natural light, ample storage, and two comfortable bedrooms. Whether you're looking for a place to call home or an investment property with strong rental potential, this condo offers flexibility in a location that keeps you connected to everything Nashville has to offer. Opportunities at this price point and proximity to Downtown Nashville are becoming increasingly hard to find. Schedule your private showing today and see the potential for yourself! Conventional financing or cash only; property is not eligible for FHA or VA financing. Currently rented month to month at $1,450 with a great tenant in place who would like to remain if possible.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $363 / Month
Neighborhood Insights
Nashville Unified Schools
Paragon Mills Elementary School
Grades PK-4 • 1.0 mi
4/10
Wright Middle School
Grades 5-8 • 1.2 mi
3/10
Glencliff Comp High School
Grades 9-12 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 963 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $110.0K | $347.6K |
| Price per sq ft | $114 | $343 |
| Built year | 1968 | 2007 |
| HOA | $363 | $334 |
| Days on market | 87 | 92 |
Pricing History
Listed for Sale
Jul 29, 2026
$110,000
Initial Listing