
Nashville, TN 37206
This High-Potential Investment Opportunity is listed at $749,900, positioned well below the $750,399 Fair Market Value by 0.07%. Featuring a Mint Condition Rating, this property includes a restored 1940 cottage and a 2021 detached guest house, offering $499 in Instant Equity. With private entrances and fenced outdoor space, this dual-dwelling layout is perfect for house hacking in the walkable Lockeland Springs neighborhood. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking significant income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 413 Lockland Dr Subject | $749,900* List Price | 2 | 2 | 1,042 | $720 | - |
A 804 N 16th St Sold | $720,000 | 3 | 3 | 2,067 | $348 | 0.4 mi |
B 1506 Shelby Ave Sold | $925,000 | 3 | 2 | 2,000 | $463 | 0.8 mi |
C 804 N 14th St Sold | $690,000 | 3 | 2 | 1,532 | $450 | 0.5 mi |
D 1514 Long Ave Sold | $549,900 List Price | 3 | 2 | 1,856 | 0.9 mi | |
E 1429 Roberts Ave Sold | $950,000 | 4 | 2 | 2,351 | $404 | 0.6 mi |
F 1420 Roberts Ave Sold | $900,000 List Price | 4 | 4 | 2,312 | 0.6 mi | |
G 1011 Granada Ave Sold | $675,000 | 3 | 3 | 1,926 | $350 | 0.9 mi |
H 1127 Sharpe Ave Sold | $555,000 | 3 | 2 | 1,332 | $417 | 0.7 mi |
I 1414 Gartland AVE Active | $799,000 List Price | 3 | 2 | 1,570 | $509 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1940, the property features a main cottage that has been thoughtfully restored and a detached guest house completed in 2021. The kitchen and interiors show modern finishes, stainless steel appliances, and recessed lighting consistent with a renovation under 5 years old, putting it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1822.
The property features a detached 2-bedroom guest house built in 2021, providing a turnkey opportunity for short-term rentals or long-term leasing to offset mortgage costs.
Situated in the highly coveted Lockeland Springs neighborhood, the home is just a short stroll from East Nashville's premier restaurants, boutiques, and parks.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1822, other record living area = 1042. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
At nearly $412 per square foot for a total of 1,822 square feet, the property sits at a premium price point that may be high for the immediate area's size-to-value ratio.
The assigned high school, Stratford Comp High, carries a low rating of 2/10, which may be a concern for families prioritizing public school performance.
There are very few opportunities in East Nashville that truly allow you to live in one of its most coveted neighborhoods while dramatically offsetting, or even eliminating, your monthly mortgage payment. Welcome to 413 Lockland Drive, an exceptional Lockeland Springs property offering a thoughtfully restored 2-bedroom, 2-bath historic cottage paired with a beautifully designed 2-bedroom, 2-bath detached guest house. Whether you choose to live in the front and Airbnb the guest house, live in the guest house while generating income from the main home, or simply create the perfect multigenerational living arrangement, the possibilities are as flexible as they are financially compelling. Each residence enjoys its own private entrance, dedicated parking, and separately fenced outdoor space, creating an uncommon level of privacy rarely found with income-producing properties. Together, the two homes offer 1,822 square feet of beautifully designed living space, blending the timeless charm of the original 1940 cottage with the modern convenience of a detached accessory dwelling completed in 2021. Warm, inviting interiors, low-maintenance finishes, and unmistakable East Nashville character make this a property that feels as good as it performs. And perhaps the best part? You're in the heart of Lockeland Springs. It's just a short stroll to some of East Nashville's most beloved restaurants, coffee shops, parks, and local boutiques. Whether you're looking for a primary residence with significant income potential, a savvy investment, or simply one of the smartest ways to own in one of Nashville's most desirable neighborhoods, opportunities like this rarely come along.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades PK-4 • 1.4 mi
Grades 5-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,042 | 2,093.129 |
| Lot Size | 7,405 | 10,890 |
| Price | $749.9K | $568.3K |
| Price per sq ft | $720 | $307 |
| Built year | 1940 | 1971 |
| HOA | $0 | $137 |
| Days on market | 15 | 69 |
Aug 25, 2026
$749,900
Initial Listing