3315 Orleans Dr, Nashville, TN 37212, Nashville, 37212 - 4 bed, 2 bath
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Nashville, TN 37212
This property presents a High-Potential Investment Opportunity with a List Price of $875,000—positioned well below the $1,035,784 Fair Market Value by 15%. This valuation gap offers $160,784 in Instant Equity. Featuring a Condition Rating of 4, the asset requires modernization but offers immediate cash flow via existing leases. With Zoning R8 and a large 12,197 sqft lot, it provides significant development upside. Located near Eakin Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Developers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3315 Orleans Dr Subject | $875,000* List Price | 4 | 2 | 2,497 | $415 | - |
A 300 Fairfax Ave Active | $849,900 List Price | 4 | 2 | 2,208 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the property shows signs of aging with renovations that appear to be 20+ years old. While functional and currently leased, the kitchen and bathrooms are dated, and there is visible wear on baseboards and exterior wood elements. It requires cosmetic updates and likely system overhauls to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2497.
The property includes two parcels (3313 & 3315) zoned R8 on a substantial 12,197 sqft lot, providing a rare opportunity for multi-unit development or expansion in a high-demand Nashville corridor.
Both units are currently leased, offering the buyer immediate cash flow and a turnkey investment opportunity without the initial pressure of tenant placement.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2497, other record living area = 1242. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The requirement that both parcels must be sold together and cannot be separated limits flexibility for buyers seeking a single-lot investment or a more traditional residential purchase.
Built in 1940, the property likely requires significant capital improvements or modernization to meet current market standards for luxury rentals or high-end resale.
This property includes parcel formerly known as 3313 & 3315 and are being sold together, Neither address can be sold separately (upstairs & main level are one unit) Zoned R8. Buyer/Buyer's agent to verify all information. Buyer/Buyer's agent to verify all information. Both units are currently being leased.
No exterior & parking available.
Grades K-4 • 0.6 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 2,497 | 2,628 | 47% |
| Lot Size | 12,197 | 9,583 | 77% |
| Price | $875.0K | $915.0K | 49% |
| Price per sq ft | $350 | $419 | 32% |
| Built year | 1940 | 1938 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 544 | 2% |
May 19, 2026
$875,000
Initial Listing
May 6, 1994
$138,000
Public Record