501 Douglas Ave, Nashville, TN 37207, Nashville, 37207 - 7 bed, 3 bath
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Nashville, TN 37207
Analysis of 501 Douglas Ave, Nashville, TN 37207 is currently available with a list price of $1,400,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1920 (104 years old) with no evidence of recent renovations. The listing explicitly markets the property as a 'development opportunity' and states the structure requires a 'full renovation,' indicating the primary value is in the land and redevelopment potential rather than the existing improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 3200.
The expansive 20,909 sqft corner lot, paired with included site plans and surveys, offers a prime opportunity for high-density redevelopment in a rapidly growing Nashville market.
Previously used as a sorority house and currently designated for boarding house/dormitory use, the property provides unique flexibility for specialized investment or commercial residential projects.
The existing 1920s structure requires a full renovation, representing a significant additional capital requirement for buyers not intending to scrape the lot for new development.
With the assigned middle and high schools both holding a 2/10 rating, the property may face challenges attracting traditional family buyers, potentially narrowing the exit strategy to investors.
Rare development opportunity in the heart of Nashville! Located at 501 Douglas Ave, this unique property sits on a large corner lot with significant potential for expansion or redevelopment. Previously operated as a sorority house for Alpha Beta Sorority, the property is currently designated for boarding house/dormitory use, offering a variety of possibilities for investors or developers. The existing structure will require a full renovation, with the added benefit that the property can be built or reimagined to the buyer’s specifications. Site plans and survey will convey with the sale, providing a strong head start for development. With its prominent corner positioning and generous lot size, this property presents a rare chance to create something impactful in a rapidly growing area.
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades PK-4 • 1.0 mi
Grades 5-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 100% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 3,200 | 1,496 | 97% |
| Lot Size | 20,909 | 8,712 | 85% |
| Price | $1.40M | $377.4K | 99% |
| Price per sq ft | $438 | $240 | 93% |
| Built year | 1920 | 1970 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 358 | 0% |
Apr 16, 2026
$1,400,000
Initial Listing