473 Ellenwood Dr, Nashville, TN 37211, Nashville, 37211 - 0 bed, 0 bath
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473 Ellenwood Dr
Nashville, TN 37211
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,212Sq Ft
0Lot Size
Property Price
LIST PRICE$565,000
EST. MARKET VALUE
$508,411
11% AboveMARKET VALUE
SUMMARY
This income-producing quadplex is a High-Potential Investment Opportunity, listed at $565,000—positioned well above the $508,411 Fair Market Value by 11%. While priced above current estimates, the property features a Condition Rating of 3 with significant capital improvements, including a new roof and updated appliances. Located on a quiet cul-de-sac near Nippers Corner, this asset offers immediate rental utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through multi-unit income.
Estimated Market Value
$508,411
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready with significant recent capital improvements, including a new roof, windows, and exterior balconies/stairs. The interior features functional hardwood flooring and a kitchen with updated stainless steel appliances.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
This income-producing quadplex offers a flexible opportunity for either a pure investor or an owner-occupant looking to offset their mortgage through rental income in a desirable Nashville submarket.
- Recent Capital Improvements
The property features significant recent upgrades, including a new roof, windows, exterior balconies, and stairs, reducing the immediate need for major capital expenditures.
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac near the Brentwood border, the property offers a peaceful residential setting with convenient access to Nippers Corner shopping and dining.
CONSRISKS & DEFICIENCIES
- Underperforming School District
While the elementary school is well-rated, the assigned middle and high schools have lower ratings (3/10), which may limit appeal for long-term family tenants and impact future resale value.
- Compact Unit Footprints
With only 2,212 total square feet divided among four units, the individual living spaces are relatively small, which could restrict the tenant pool and cap potential rental premiums.
About 473 Ellenwood Dr
Income-producing quadplex located in an established neighborhood at the end of a cul-de-sac! This property offers a great opportunity for an investor or an owner-occupant looking to offset their mortgage with rental income. With potential opportunity to increase rental income over time, this property offers additional upside for its owner. Numerous improvements have already been completed, including a new roof, windows, exterior balconies and stairs. Conveniently located near Brentwood with easy access to shopping, restaurants, and everyday conveniences in the Nippers Corner/Brentwood area. A unique opportunity to own a multi-unit property in a desirable and convenient location.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1983
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Crieve Hall Elementary School
Grades K-4 • 1.5 mi
7/10
Croft Design Center Middle Prep
Grades 5-8 • 2.1 mi
3/10
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 | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,212 | 1,967.444 |
| Lot Size | - | - |
| Price | $565.0K | $455.6K |
| Price per sq ft | $255 | $238 |
| Built year | 1983 | 1964 |
| HOA | $0 | $0 |
| Days on market | 66 | 82 |
Pricing History
Listed for Sale
Aug 19, 2026
$565,000
Initial Listing
Sold
Aug 31, 1994
$113,627
Public Record