501 Elysian Fields Rd, Nashville, TN 37211, Nashville, 37211 - 4 bed, 3 bath
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501 Elysian Fields Rd
Nashville, TN 37211
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,300Sq Ft
15,682Lot Size
Property Price
LIST PRICE$495,000
EST. MARKET VALUE
$480,135
3% AboveMARKET VALUE
SUMMARY
This Multi-Unit Income Property is a High-Potential Investment Opportunity, listed at $495,000—positioned above the $480,135 Fair Market Value by 3%. Despite the premium, the property offers immediate cash flow through a finished walk-out basement and a detached studio apartment with proven Airbnb history. Featuring a Condition Rating of 3, the home includes a new roof and newer HVAC. This versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a mortgage-helper in a high-demand, no-HOA Nashville location.
Estimated Market Value
$480,135
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 Elysian Fields Rd Subject 4 bd · 3 ba · 2,300 sqft · $209 | $495,000* List Price | 4 | 3 | 2,300 | $209 | - |
A 600 Elaine Dr Sold 3 bd · 2 ba · 2,219 sqft · $214 · 0.6 mi | $475,000 | 3 | 2 | 2,219 | $214 | 0.6 mi |
B 441 Wauford Dr Sold 4 bd · 3 ba · 2,673 sqft · $230 · 0.8 mi | $615,000 | 4 | 3 | 2,673 | $230 | 0.8 mi |
C 3614 Floral Dr Sold 4 bd · 3 ba · 1,575 sqft · $265 · 0.9 mi | $417,000 | 4 | 3 | 1,575 | $265 | 0.9 mi |
D 4804 E Longdale Dr Active 4 bd · 2 ba · 2,376 sqft · $231 · 0.5 mi | $550,000 List Price | 4 | 2 | 2,376 | $231 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1952, the property has been well-maintained and significantly updated. It features a new roof, newer HVAC system, and modern cosmetic renovations throughout, including an updated kitchen with stainless steel appliances and granite countertops, making it fully functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 2300.
- Exceptional Income Potential
The property offers two distinct rental opportunities with a finished walk-out basement and a detached studio apartment, both featuring a proven Airbnb history for immediate cash flow.
- Significant Capital Improvements
Recent upgrades including a new roof and newer HVAC system provide essential peace of mind and reduce near-term maintenance costs for this 1950s-era residence.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
At over 200 days on the market, the listing may be perceived as stale by buyers, suggesting a potential misalignment between the current asking price and market expectations.
- Underperforming School District
The assigned middle and high schools are rated 3/10, which may deter families who prioritize high-ranking public education when selecting a primary residence.
About 501 Elysian Fields Rd
BRING ALL OFFERS! SELLERS ARE SUPER MOTIVATED! Rare income-producing property in sought-after South Nashville — main house plus a fully separate studio/tiny house, both with Airbnb history. The lower level of the main house previously operated as a successful short-term rental, and the studio has its own bath. New roof, newer HVAC . Buy a home that helps pay for itself from day one. This updated downtown home is the ultimate Nashville find! Located in the heart of Downtown Nashville and just minutes from the Nashville Zoo, this fully updated 4-bedroom, 4-bathroom gem sits on a large, 1/3 acre lot. No HOA! Rent out downstairs(fully finished and walk out) to pay for mortgage while making this the home of you dreams! The home features modern finishes throughout and a large outside deck. The finished walk-out basement—previously used as a successful short term rental—provides immediate rental potential or a private guest suite. Adding even more value, is the detached music studio/studio apartment, making this property ideal for multiple income-producing opportunities. Whether you're looking for a primary residence with a mortgage-helper or a high-yield investment, or multi-generational Home this home checks every box. Hardwood floors and updates through out! Make it yours and put your personal touch on it! Don't wait— ideal location and versatile layout. Come see it today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Norman Binkley Elementary School
Grades PK-4 • 0.7 mi
6/10
Croft Design Center Middle Prep
Grades 5-8 • 0.4 mi
3/10
John Overton Comp High School
Grades 9-12 • 1.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,300 | 2,045.139 |
| Lot Size | 15,682 | 10,890 |
| Price | $495.0K | $556.0K |
| Price per sq ft | $215 | $305 |
| Built year | 1952 | 1971 |
| HOA | $0 | $133 |
| Days on market | 232 | 70 |
Pricing History
Listed for Sale
Mar 6, 2026
$495,000
Initial Listing
Sold
Jan 28, 1994
$92,450
Public Record