3317 Long Blvd D5, Nashville, TN 37203, Nashville, 37203 - 2 bed, 1 bath
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Nashville, TN 37203
This Midtown Investment Condo is a Strong Value Opportunity with a List Price of $285,000—positioned well below the $311,450 Fair Market Value by 8%. This valuation gap offers $26,450 in Instant Equity for buyers ready to modernize the interior. Currently holding a Condition Rating of 4, the unit requires cosmetic updates to maximize its rental yield. Located walking distance to Vanderbilt University and zoned for Eakin Elementary, the asset ensures high demand and future STR flexibility. This 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 |
|---|---|---|---|---|---|---|
★ 3317 Long Blvd D5 Subject | $285,000* List Price | 2 | 1 | 918 | $339 | - |
A 2325 Elliston Place 408 Sold | $290,000 | 2 | 2 | 750 | $387 | 1.0 mi |
B 3310 Long Blvd B8 Active | $275,000 List Price | 2 | 1 | 918 | $300 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this property is in livable condition but is significantly outdated. The kitchen features older painted cabinetry and laminate countertops, and the overall interior styling, including the flooring and fixtures, shows age and a lack of recent comprehensive renovation. It fits the criteria for a property over 20 years old that has been maintained but requires modernization.
The property is situated within walking distance to Vanderbilt University, Belmont University, and major medical centers, offering exceptional convenience in a high-demand urban area.
With long-term rentals permitted immediately and short-term rentals allowed after two years of ownership, this unit offers flexible exit strategies for investors.
Priced under $300,000, this condo represents a rare affordable entry point into the Nashville market, specifically within the desirable 37203 zip code.
The unit requires interior updating and modernization, which will necessitate additional immediate capital investment from the buyer.
The lack of assigned parking spots may be a drawback for residents in a high-density area where parking availability can become competitive.
Looking for a wonderful, AFFORDABLE 2 bed condo under 300k walking distance to Vanderbilt University & Medical, Belmont, Midtown, Downtown, etc? You have found it here! Property could use a little bit of updating, but price certainly reflects that. No assigned parking spots but plenty of available parking. Small common space behind each building for grills, lawn chairs, pets, etc. Long term renting allowed, STR allowed after 2yrs ownership.
No exterior & parking available.
Grades K-4 • 0.9 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 918 | 1,092 | 40% |
| Lot Size | 871 | 871 | 50% |
| Price | $285.0K | $460.0K | 24% |
| Price per sq ft | $310 | $427 | 13% |
| Built year | 1952 | 2014 | 9% |
| HOA | $225 | $489 | 21% |
| Days on market | 78 | 300 | 1% |
Feb 4, 2026
$285,000
Initial Listing
Aug 12, 1996
$62,500
Public Record