370 Wallace Rd D18, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
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370 Wallace Rd D18
Nashville, TN 37211
ACTIVE
CONDITION: POOR
2Beds
1Baths
950Sq Ft
871Lot Size
Property Price
LIST PRICE$170,000
EST. MARKET VALUE
$156,511
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $170,000—positioned above the $156,511 Fair Market Value by 8%. While the property requires modernization, its Fair Condition Rating and 2-bedroom layout offer a clear path for value-add renovations. Featuring a private deck and proximity to local schools like Haywood Elementary, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking an entry-level project in the Nashville market.
Estimated Market Value
$156,511
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 |
|---|---|---|---|---|---|---|
★ 370 Wallace Rd D18 Subject | $170,000* List Price | 2 | 1 | 950 | $165 | - |
A 441 Harding Pl H7 Active | $120,000 List Price | 2 | 1 | 875 | $137 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1970 (56 years old) and marketed specifically to investors, indicating the property likely requires a full rehab. With no mention of renovations and a lack of interior photos, the kitchen, baths, and systems are presumed to be original or significantly dated, meeting the criteria for a property over 30 years old needing major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $170,000, this property represents a rare entry-level opportunity in the Nashville market, making it highly attractive for first-time homeowners and budget-focused investors.
- Strong Investment Potential
The two-bedroom configuration in the Southern Hills area offers significant rental demand, providing a solid foundation for cash flow or a value-add renovation project.
- Low Monthly Overhead
The association fee of $215 is relatively modest for the region, helping to keep monthly carrying costs low and improving the overall net operating income for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 981.
- Dated Construction
Built in 1970, the unit likely requires modernization of major systems and interior finishes to meet contemporary buyer expectations and energy efficiency standards.
- Limited Bathroom Utility
The 2-bedroom, 1-bathroom layout may limit appeal for roommates or small families who typically prefer a second bathroom for added convenience and privacy.
About 370 Wallace Rd D18
Great for investors and first home buyer, more photos are coming next week. Property will be ready for showing 9/14
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $215 / Month
Neighborhood Insights
Nashville Unified Schools
Haywood Elementary School
Grades PK-4 • 1.0 mi
4/10
Mcmurray Middle School
Grades 5-8 • 1.5 mi
4/10
John Overton Comp High School
Grades 9-12 • 2.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 950 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $170.0K | $339.9K |
| Price per sq ft | $179 | $344 |
| Built year | 1970 | 2007 |
| HOA | $215 | $329 |
| Days on market | 23 | 91 |
Pricing History
Listed for Sale
Aug 18, 2026
$170,000
Initial Listing
Sold
Mar 29, 1994
$36,000
Public Record