4601 Indiana Ave, Nashville, TN 37209, Nashville, 37209 - 0 bed, 0 bath
Loading property details...
Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $510,000—positioned well below the $591,393 Fair Market Value by 13%. This valuation gap offers $81,393 in Instant Equity for buyers. Featuring a Fair Condition Rating with recent cosmetic updates, the 50x150 corner lot provides significant Development Potential for new construction. This asset is an ideal acquisition for Buy-and-Hold Investors or Real Estate Developers seeking to capitalize on the rapidly appreciating West Nashville market.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property falls into the 'Fair' category due to its age and mixed condition. While the interior shows recent cosmetic improvements like new LVP flooring, fresh paint, and updated lighting/fans, the bathroom remains dated with older fixtures and a yellowed surround. The listing's suggestion for 'new construction development' indicates the structure is nearing the end of its functional life cycle, though it remains currently livable for rental purposes.
The 50x150 corner lot configuration offers significant upside for investors looking to build new construction or develop a multi-unit project in a high-demand area.
Currently functioning as a duplex, the property provides flexible options to either maintain it as an income-producing rental or transition it into a redevelopment site.
Located in the rapidly appreciating West Nashville neighborhood, the property is strategically positioned near local amenities and offers convenient access to the city center.
With only the front unit available for viewing and the back unit occupied, prospective buyers face uncertainty regarding the interior condition and maintenance of the entire asset.
The property is zoned for several schools with low performance ratings, which may limit its appeal to long-term family buyers and impact future resale value.
50x150 Corner Lot. Could be used for new construction development or a rental property. Only the front unit is available for viewing. Back unit in the alley is occupied.
No exterior & parking available.
Grades PK-4 • 0.1 mi
Grades PK-4 • 0.8 mi
Grades PK-4 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,560 | 1,550 | 60% |
| Lot Size | - | - | 50% |
| Price | $495.0K | $470.0K | 60% |
| Price per sq ft | $317 | $308 | 80% |
| Built year | 1984 | 1971 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 292 | 20% |
Jun 11, 2026
$495,000
$510,000
-3% Price Drop
Initial Listing
May 12, 2026
$510,000
Initial Listing