407 Scott Ave, Nashville, TN 37206, Nashville, 37206 - 5 bed, 5 bath
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Nashville, TN 37206
This High-Potential Investment Opportunity is listed at $1,350,000, positioned well below the $1,387,058 Fair Market Value by 2%, offering $37,058 in Instant Equity. Featuring a Condition Rating of 2, this 4,121 sqft home includes a STR-eligible apartment, EV charger, and spacious back deck. While local school ratings vary, the property’s modern luxury upgrades and flexible layout provide significant income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-end Nashville residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 407 Scott Ave Subject | $1,299,999* List Price | 5 | 5 | 4,121 | $328 | - |
A 2026 Greenwood Ave Sold | $953,022 | 4 | 4 | 2,906 | $328 | 0.2 mi |
B 402 Rudolph Ave Sold | $916,000 | 5 | 4 | 2,645 | $346 | 0.8 mi |
C 402 Rudolph Ave Sold | $916,000 | 5 | 4 | 2,645 | $346 | 0.8 mi |
D 1129 Sharpe Ave Active | $1,359,000 List Price | 5 | 5 | 3,686 | $369 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1935, the property has undergone a complete high-end renovation within the last 5 years. It features a modern kitchen with smart appliances and a butler's pantry, updated bathrooms with contemporary fixtures and a freestanding tub, and upgraded systems including an EV charger and climate-controlled garage.
The property is short-term rental eligible and includes a fully self-contained one-bedroom apartment with its own kitchen and laundry, offering significant potential for Airbnb income or multigenerational living.
This 1935 home has been meticulously updated with high-end features including a smart hub refrigerator, butler’s pantry, climate-controlled two-car garage, and an EV charging station.
With over 4,100 square feet, two oversized primary suites, and a grand dual staircase entry, the home provides exceptional scale and flexibility for large families or professional home-office needs.
The property is zoned for several schools with low performance ratings, which may impact long-term resale value for families prioritizing public education.
At approximately 0.2 acres, the lot size is relatively small for a home of this square footage and price point, potentially making the backyard feel cramped if a pool is installed.
Located in one of East Nashville’s most sought-after neighborhoods, this beautifully updated home blends character, flexibility, and modern functionality. STR eligible, the property includes a separate one-bedroom apartment complete with its own kitchen, laundry, and private entrance — ideal for Airbnb income, guests, or multigenerational living. The setup offers flexible living arrangements, whether you use it as a full guest suite, private office setup, or additional rental opportunity. Inside, you’ll find a grand dual staircase entry, stainless steel appliances including a smart hub refrigerator, a butler’s pantry, and two oversized primary suites. The spacious back deck overlooks a backyard with room for additional parking or a future pool installation. Additional features include a climate-controlled 2-car garage and EV charger. All of this just 10 minutes from Downtown Nashville.
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades PK-4 • 0.8 mi
Grades PK-4 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 4,121 | 1,856 | 96% |
| Lot Size | 8,712 | 8,276 | 55% |
| Price | $1.30M | $555.0K | 91% |
| Price per sq ft | $315 | $346 | 43% |
| Built year | 1935 | 1938 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 775 | 1% |
Jun 11, 2026
$1,299,999
$1,350,000
-4% Price Drop
Initial Listing
May 15, 2026
$1,350,000
Initial Listing