320 Welch Rd R3, Nashville, TN 37211, Nashville, 37211 - 1 bed, 1 bath
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Nashville, TN 37211
This Updated South Nashville Condominium is listed at $105,000—positioned well at the $105,697 Fair Market Value by 1%. This valuation provides $697 in Instant Equity. Boasting a Condition Rating of 3, the unit features a New HVAC system, Water Heater, and New Appliances, significantly reducing near-term capital expenditures. Located minutes from TriStar Southern Hills Medical Center and zoned for Paragon Mills Elementary, the property offers excellent connectivity to I-24 and I-65. This asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Welch Rd R3 Subject | $97,000* List Price | 1 | 1 | 683 | $143 | - |
A 320 Welch Rd N2 Active | $98,900 List Price | 1 | 1 | 683 | $145 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a new HVAC system, water heater, and new kitchen appliances. While the 1968 build date is reflected in the older kitchen cabinet style and layout, the interior features updated wood-look flooring and fresh paint, making it functional and well-maintained for its age without requiring immediate renovation.
The property is ideally situated in South Nashville with immediate access to I-24, I-65, and I-440, and is minutes away from major amenities like TriStar Southern Hills Medical Center and the Nashville Zoo.
Significant value is added through a brand-new HVAC system, new water heater, and updated appliances, reducing the immediate need for major maintenance expenditures.
With a competitive entry-level price point and strong long-term rental potential, this unit represents an excellent opportunity for both investors and owner-occupants looking for affordability in Nashville.
The property is ineligible for FHA and VA financing, which limits the potential buyer pool to those with cash or conventional loan capabilities.
The unit is being sold in as-is condition, which may necessitate additional buyer investment for cosmetic updates or repairs typical of a 1960s-era building.
Enjoy comfort and convenience in this well located South Nashville condo. Nearby conveniences include Walmart, dining, WeGo public transit, TriStar Southern Hills Medical Center, and the Nashville Zoo. Shopping and everyday essentials are just minutes away. The location also offers convenient access to I-24, I-65, and I-440. Recent updates include a new HVAC system, water heater, and appliances. All appliances remain, including the refrigerator, stove, dishwasher, and microwave. Great opportunity for an owner occupant or investor with strong long term rental potential. Cash and conventional financing only. FHA and VA financing are not eligible. Property is being sold as is.
No exterior & parking available.
Grades PK-4 • 1.0 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 21% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 683 | 918 | 21% |
| Lot Size | 871 | 871 | 50% |
| Price | $97.0K | $167.7K | 29% |
| Price per sq ft | $142 | $183 | 29% |
| Built year | 1968 | 1979 | 14% |
| HOA | $314 | $220 | 79% |
| Days on market | 72 | 350 | 7% |
May 14, 2026
$97,000
$105,000
-8% Price Drop
Initial Listing
Mar 27, 2026
$105,000
Initial Listing