3224 Spears Rd, Nashville, TN 37207, Nashville, 37207 - 0 bed, 0 bath
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3224 Spears Rd
Nashville, TN 37207
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,458Sq Ft
0Lot Size
Property Price
LIST PRICE$310,000
EST. MARKET VALUE
$303,967
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $310,000, positioned slightly above the $303,967 Fair Market Value. While the property carries a Condition Rating of 4, its status as a solid, currently occupied asset ensures immediate cash flow without the need for initial tenant acquisition. The lack of an association fee further optimizes net operating income. This is a stable, income-generating Asset ideal for Buy-and-Hold Investors or Rental Portfolio Managers seeking a reliable, low-overhead addition to their Nashville holdings.
Estimated Market Value
$303,967
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 |
|---|---|---|---|---|---|---|
★ 3224 Spears Rd Subject | $310,000* List Price | 0 | 0 | 1,458 | $208 | - |
A 3116 Ewingdale Dr Sold | $269,900 | 0 | 0 | 1,323 | $204 | 0.8 mi |
B 3509 Standing Stone Dr Active | $315,000 List Price | 0 | 0 | 1,537 | $205 | 0.7 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 1962, this 62-year-old duplex is significantly dated, featuring popcorn ceilings and older carpeting as seen in interior photos. While the age exceeds the typical 'Fair' bracket, the listing describes the structure as 'solid' and it is currently generating rental income, suggesting it is functional and maintained well enough to avoid the structural defects associated with a 'Poor' or 'Tear-down' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
As a currently occupied duplex, this property provides immediate cash flow for investors, eliminating the initial vacancy period and tenant acquisition costs.
- Strategic Location
Positioned in one of Nashville's most convenient areas, the property offers excellent accessibility to city amenities, which supports long-term tenant demand.
- Low Operating Expenses
The absence of an association fee reduces monthly overhead, allowing for a higher net operating income and improved return on investment.
CONSRISKS & DEFICIENCIES
- Restricted Showing Access
The requirement of an accepted offer prior to viewing creates a significant barrier for buyers, potentially complicating the initial due diligence process.
- School District Ratings
The property is zoned for schools with lower performance ratings, which may limit its appeal to certain tenant demographics and impact future appreciation.
About 3224 Spears Rd
Solid, rented duplex in one of the most convenient spots in Nashville. Please do not disturb tenants or walk onto property. Showings allowed with accepted offer with a viewing contingency.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1962
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Bellshire Elementary Design Center
Grades PK-4 • 2.4 mi
4/10
Chadwell Elementary School
Grades PK-4 • 2.4 mi
4/10
Gra-Mar Middle School
Grades 5-8 • 1.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,458 | 1,688.769 |
| Lot Size | - | - |
| Price | $310.0K | $430.8K |
| Price per sq ft | $213 | $248 |
| Built year | 1962 | 1963 |
| HOA | $0 | $0 |
| Days on market | 2 | 75 |
Pricing History
Listed for Sale
Sep 7, 2026
$310,000
Initial Listing