3506 Golf St, Nashville, TN 37216, Nashville, 37216 - 0 bed, 0 bath
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Nashville, TN 37216
This historic triplex represents a High-Potential Investment Opportunity, listed at $749,900—positioned well below the $733,848 Fair Market Value by -2%. While the property requires modernization, its Condition Rating of 4 and status on the National Register of Historic Places provide a unique foundation for value-add renovations. With $38,160 in annual gross income and separate utility metering, this asset offers immediate cash flow stability. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on East Nashville’s rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3506 Golf St Subject | $749,900* List Price | 0 | 0 | 2,870 | $256 | - |
A 1202 Kirkland Ave Active | $899,900 List Price | 0 | 0 | 3,412 | $264 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this historic triplex retains many original features but is significantly dated. Interior images show aged wood flooring, older windows, and drop-tile ceilings. While functional and currently generating income, the property requires modernization of kitchens and baths, and the listing explicitly mentions 'upside for future improvements,' indicating it has not undergone a recent major renovation.
Listed on the National Register of Historic Places, this 1940s triplex features original wood floors, trim, and fireplaces, offering a unique architectural appeal that is highly sought after in the East Nashville market.
The property generates $38,160 in annual gross income with reliable tenants currently on month-to-month leases, providing immediate cash flow and the flexibility to adjust rents to market rates or initiate upgrades.
With separate entrances, individual electric meters, and a full basement for storage and laundry, the units are designed for tenant autonomy and convenience in a prime location near Gallatin Pike.
Being a 1940s structure with historic designation, the property may require specialized and potentially expensive maintenance to preserve its original integrity and comply with preservation standards.
The current gross income represents a relatively low yield compared to the $749,900 asking price, suggesting that significant capital improvements or rent hikes are necessary to achieve a competitive cap rate.
One of the most prestigious opportunities offered for the first time in decades. This Historic East Nashville triplex in the heart of Inglewood, offering timeless character and strong income potential. Listed on the National Register of Historic Places, this timeless 1940's home features three spacious units—two 1-bedroom and one 2-bedroom—each with large living areas, dining rooms, and charming original details like wood floors, original trim, and fireplaces. Separate entrances, individual electric meters, and a full basement with storage and washer/dryer hookups add to tenant appeal. Currently generating $38,160/year with reliable tenants, currently on month-to-month leases. Situated just off Gallatin Pike, you’re minutes from local shops, dining, and everyday conveniences. A rare opportunity to own a piece of East Nashville history with upside for future improvements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,870 | - |
| Lot Size | - | - |
| Price | $749.9K | $567.9K |
| Price per sq ft | $261 | $237 |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 1239 |
Jul 22, 2026
$749,900
Initial Listing
Mar 23, 1989
$78,955
Public Record