4803 Elkins Ave, Nashville, TN 37209, Nashville, 37209 - 4 bed, 2 bath
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Nashville, TN 37209
This Income-Producing Luxury Compound in Sylvan Park is listed at $2,399,000, representing a premium investment in a two-parcel estate valued at a $2,065,479 Fair Market Value. Boasting a Mint Condition Rating, the property features a masterfully restored 1898 Victorian and two additional residences generating $78,000 in annual revenue. With high-end modern farmhouse finishes and top-tier walkability to the Sylvan Park Paideia Design Center, this home balances historic elegance with proven financial utility. It is an ideal opportunity for Luxury House-Hackers or Owner-Occupants seeking a sophisticated, multi-generational asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4803 Elkins Ave Subject | $2,399,000* List Price | 4 | 2 | 3,362 | $614 | - |
A 4410 Colorado Ave Sold | $2,688,375 | 5 | 8 | 4,674 | $575 | 0.5 mi |
B 323 50th Ave N Active | $1,890,000 List Price | 5 | 7 | 3,758 | $503 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1898, this property has been beautifully restored with high-end modern farmhouse finishes. The kitchen features contemporary cabinetry, marble countertops, and premium brass fixtures, indicating a recent renovation within the last 5 years. The interior and exterior are in mint condition with no visible maintenance needs.
The property includes three distinct living spaces across two parcels with a proven track record of generating approximately $78,000 in annual rental income, offering a rare 'house-hacking' or investment opportunity.
Boasting a high walkability factor, the residence is steps away from the Richland Creek Greenway, Sylvan Park Farmers Market, and some of Nashville’s most popular local dining and retail destinations.
The combination of a restored 1898 Victorian farmhouse, a contemporary apartment, and a separate mountain-style retreat provides unmatched flexibility for multi-generational living or a high-end primary residence with guest quarters.
At a list price of nearly $2.4M for a 4-bedroom, 2-bathroom configuration, the property carries a premium price tag that may be difficult to justify for buyers not specifically seeking a multi-unit investment structure.
While the elementary schools are highly rated, the assigned middle and high schools have significantly lower ratings (2-4), which may be a concern for families prioritizing the local public school system.
Two Parcels. Three Distinct Residences. One Rare Sylvan Park Opportunity. Welcome to a truly exceptional offering in the heart of Sylvan Park. Where historic charm, modern design, and income potential converge across a private, peaceful setting just steps from everything. The main residence at 4803 Elkins is a beautifully restored turn of the century Victorian modern farmhouse paired with a seamlessly attached contemporary apartment creating two fully independent 2BR/1BA living spaces under one roof. The primary residence exudes timeless character, while the adjoining apartment has been thoughtfully designed as a high-performing short-term rental, generating approximately $36K annually. Just beyond, a second parcel introduces a striking 900 SF one-bedroom retreat. Reminiscent of an upscale mountain escape, complete with a dramatic wood burning fireplace and richly layered finishes. This residence has produced over $42K annually through both long-term & 30 day+ rental use. Together, the properties offer unmatched flexibility: live in one, lease the others, create a multi-generational compound, or convert into a single expansive residence. All of this, tucked into one of Nashville’s most walkable neighborhoods. Steps from the Sylvan Park Farmers Market, Richland Creek Greenway, beloved local restaurants, coffee shops, and daily conveniences. A rare opportunity to own not just a home but a lifestyle and investment in one of Nashville’s most coveted settings. Full property is currently under contract with a 48 hour first right of refusal for a home sale contingency. Please continue to show.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 0.8 mi
Grades PK-4 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 3,362 | 1,685 | 92% |
| Lot Size | 10,019 | 7,405 | 80% |
| Price | $2.40M | $480.0K | 95% |
| Price per sq ft | $714 | $329 | 96% |
| Built year | 1898 | 1956 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 841 | 1% |
Apr 23, 2026
$2,399,000
Initial Listing