
N, Nashville, TN 37209
This Versatile Residential/OR20 Asset is a High-Potential Investment Opportunity, listed at $825,000—positioned slightly above the $805,772 Fair Market Value. While priced at market, the property offers unique utility through its Active Short-Term Rental Permit and Flexible OR20 Zoning, allowing for multi-family development or live/work configurations. Featuring a Condition Rating of 3, the home is move-in ready with recent cosmetic updates. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-walkability lifestyle near Sylvan Park amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 53rd Ave Subject 4 bd · 3 ba · 2,574 sqft · $313 | $825,000* List Price | 4 | 3 | 2,574 | $313 | - |
A 4915 Michigan Ave Sold 4 bd · 3 ba · 2,884 sqft · $331 · 0.6 mi | $955,000 | 4 | 3 | 2,884 | $331 | 0.6 mi |
B 4904 Idaho Ave Sold 5 bd · 3 ba · 2,668 sqft · $365 · 0.4 mi | $975,000 | 5 | 3 | 2,668 | $365 | 0.4 mi |
C 610 45th Ave N Sold 4 bd · 4 ba · 2,927 sqft · $345 · 0.7 mi | $1,010,000 | 4 | 4 | 2,927 | $345 | 0.7 mi |
D 504 Newton Ave Sold 3 bd · 4 ba · 2,065 sqft · $281 · 0.7 mi | $580,000 | 3 | 4 | 2,065 | $281 | 0.7 mi |
E 5200 Kentucky Ave Sold 3 bd · 3 ba · 1,958 sqft · $358 · 0.6 mi | $700,000 | 3 | 3 | 1,958 | $358 | 0.6 mi |
F 706 47th Ave N Sold 3 bd · 3 ba · 2,178 sqft · $330 · 0.6 mi | $718,575 | 3 | 3 | 2,178 | $330 | 0.6 mi |
G 5602B Kentucky Ave Sold 3 bd · 3 ba · 2,010 sqft · $336 · 0.7 mi | $675,000 | 3 | 3 | 2,010 | $336 | 0.7 mi |
H 417 Patina Cir Active 3 bd · 3 ba · 2,420 sqft · $322 · 0.3 mi | $780,000 List Price | 3 | 3 | 2,420 | $322 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1945, the property has undergone significant updates making it move-in ready. The interior features fresh paint, recessed lighting, and a mix of hardwood and newer LVP flooring. The kitchen is functional with stainless steel appliances and painted cabinetry, and the inclusion of mini-split HVAC units indicates updated climate systems within the last 5-15 years.
The OR20 zoning offers exceptional versatility, allowing for residential, office, or multi-family development of up to 20 units per acre, providing significant long-term investment upside.
The property includes an active short-term rental permit, offering immediate cash-flow opportunities for investors or homeowners looking to offset their mortgage.
Situated in the heart of Sylvan Park, the home is steps away from McCabe Park, Richland Creek Greenway, and popular local dining, epitomizing the highly desirable Nashville lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2574, other record living area = 1716. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While the elementary school is highly rated, the assigned middle and high schools have low performance scores, which could impact resale value for families with older children.
Originally constructed in 1945, the property may require more intensive ongoing maintenance or system updates compared to newer builds in the area, despite recent cosmetic improvements.
Located in one of Nashville’s most sought-after neighborhoods, this freshly painted 4-bedroom, 3-bathroom home offers rare versatility in a prime Sylvan Park location. With an active short-term rental permit, it is well-suited for a primary residence, a second home you can occupy part of the year and rent out the rest, or a buyer interested in flexible live/work or future development options based on its residential and OR20 zoning. Inside, the freshly painted interior provides a clean, move-in-ready canvas. A large screened-in porch extends off the rear of the house, creating an ideal space for entertaining, outdoor living, or simply relaxing in the evenings. The home features a new fence and driveway parking for 2+ cars. Zoned residential and OR20, the property allows standard residential use as well as office or studio space, making it attractive to professionals, creatives, or anyone who wants a live/work setup. The OR20 zoning also carries multi-family development potential (up to 20 units per acre), giving longer-term buyers meaningful upside depending on their goals. This combination of immediate usability and future optionality is a key reason the home is priced competitively. Within walking distance of McCabe Park and the Richland Creek Greenway. The home is also steps from restaurants and neighborhood amenities, and it is zoned for Sylvan Park Elementary. The location delivers the classic Sylvan Park lifestyle—tree-lined streets, walkability, and easy access to the rest of the city—while the active STR permit and flexible zoning add layers of practical value that pure single-family homes in the area often lack. Whether you’re looking for a well-located family home, a flexible second home with rental potential, a live/work property, or a parcel with multi-family upside, this one checks multiple boxes and is priced to reflect that opportunity.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,574 | 2,045.139 |
| Lot Size | 5,663 | 10,890 |
| Price | $825.0K | $556.0K |
| Price per sq ft | $321 | $305 |
| Built year | 1945 | 1971 |
| HOA | $0 | $133 |
| Days on market | 2 | 70 |
Oct 22, 2026
$825,000
Initial Listing
May 30, 1997
$96,000
Public Record
Oct 7, 1996
$47,000
Public Record