3245 Niagara Dr, Nashville, TN 37214, Nashville, 37214 - 4 bed, 2 bath
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3245 Niagara Dr
Nashville, TN 37214
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,686Sq Ft
9,583Lot Size
Property Price
LIST PRICE$414,900
EST. MARKET VALUE
$402,846
SUMMARY
This Nashville duplex presents a High-Potential Investment Opportunity, listed at a List Price of $414,900—positioned well above the $402,846 Fair Market Value by 3%. While currently priced at a premium, the property offers immediate cash flow with a combined $3,050 monthly rental income. Featuring a Condition Rating of 3, the unit includes recent cosmetic updates and a large 9,583 sqft lot. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants utilizing house-hacking strategies to offset mortgage costs through rental stabilization.
Estimated Market Value
$402,846
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 |
|---|---|---|---|---|---|---|
★ 3245 Niagara Dr Subject 4 bd · 2 ba · 1,686 sqft · $239 | $414,900* List Price | 4 | 2 | 1,686 | $239 | - |
A 3243 Cloverwood Dr Sold 4 bd · 2 ba · 1,612 sqft · $217 · 0.5 mi | $350,000 | 4 | 2 | 1,612 | $217 | 0.5 mi |
B 522 Stewarts Ferry Pike Sold 3 bd · 2 ba · 1,749 sqft · $194 · 0.5 mi | $339,900 | 3 | 2 | 1,749 | $194 | 0.5 mi |
C 812 Ragsdale Ct Sold 3 bd · 3 ba · 1,458 sqft · $253 · 0.2 mi | $369,000 | 3 | 3 | 1,458 | $253 | 0.2 mi |
D 3473 White Pine Dr Sold 3 bd · 2 ba · 1,290 sqft · $294 · 0.4 mi | $379,900 | 3 | 2 | 1,290 | $294 | 0.4 mi |
E 3213 Cloverwood Dr Sold 4 bd · 3 ba · 1,445 sqft · $284 · 0.5 mi | $410,000 | 4 | 3 | 1,445 | $284 | 0.5 mi |
F 3112 Lumberjack Rd Sold 3 bd · 2 ba · 1,248 sqft · $288 · 0.6 mi | $360,000 | 3 | 2 | 1,248 | $288 | 0.6 mi |
G 3021 Blackwood Dr Sold 3 bd · 2 ba · 1,463 sqft · $212 · 0.4 mi | $310,000 | 3 | 2 | 1,463 | $212 | 0.4 mi |
H 749 Fitzpatrick Rd Active 4 bd · 2 ba · 1,875 sqft · $213 · 0.5 mi | $399,900 List Price | 4 | 2 | 1,875 | $213 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1980, the property has undergone a recent cosmetic renovation including new LVP flooring and fresh paint. While the bathroom fixtures and tub surround appear dated, the property is move-in ready, functional, and well-maintained, aligning with the criteria for a property with a 5-15 year renovation feel despite the 'fresh' marketing description.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1686.
- Dual-Income Potential
This duplex offers immediate cash flow with one unit already leased and the other freshly renovated, making it an ideal opportunity for investors or owner-occupants looking to house-hack.
- Strategic Location
Situated with convenient access to I-40, Downtown Nashville, and the airport, the property is positioned near major employment hubs, ensuring consistent tenant demand.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 82 days on market, the property has exceeded the typical absorption rate for the area, which may indicate a need for price recalibration or suggest underlying buyer hesitation.
- Aging Infrastructure
Built in 1980, the property may require ongoing maintenance or future updates to major structural systems that were not addressed in the recent cosmetic renovations.
About 3245 Niagara Dr
INVESTOR OPPORTUNITY! Recently renovated Nashville duplex with immediate income in place and additional rental upside. Each unit features 2 bedrooms and 1 bathroom, with one side currently leased and the second side freshly renovated, vacant, and ready for a new tenant or owner-occupant. When fully occupied, the property generated a combined $3,050 per month in rental income. Investors can begin collecting rent from day one while leasing the vacant unit and bringing the property back to full stabilization. Owner-occupants can live in the renovated side while using the neighboring unit’s income to help offset their monthly payment. With 1,686 total square feet, recent improvements, two separate residences, and convenient access to I-40, Downtown Nashville, the airport, and major employment centers, this is a compelling multifamily opportunity with income, flexibility, and long-term potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,686 | 2,045.139 |
| Lot Size | 9,583 | 10,890 |
| Price | $414.9K | $556.0K |
| Price per sq ft | $246 | $305 |
| Built year | 1980 | 1971 |
| HOA | $0 | $133 |
| Days on market | 92 | 70 |
Pricing History
Listed for Sale
Jul 24, 2026
$414,900
Initial Listing