501 Douglas Ave, Nashville, TN 37207, Nashville, 37207 - 5 bed, 1 bath
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Nashville, TN 37207
Analysis of 501 Douglas Ave, Nashville, TN 37207 is currently available with a list price of $549,900. 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 and explicitly described in the listing as a tear-down for redevelopment; the property is over 100 years old with no mentioned renovations and is being marketed for its land value.
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 = 3201.
Situated at the corner of Douglas and N 5th, this property offers high visibility and excellent accessibility in a rapidly developing Nashville neighborhood.
The expansive .48-acre city lot provides a rare and significant footprint for urban Nashville, offering ample space for creative site planning and high-density potential.
The existing 1920s structure is in a condition requiring complete demolition, which adds immediate overhead costs and logistical complexity for the buyer.
The property is zoned for middle and high schools with low performance ratings (2/10), which may limit its appeal to traditional family-oriented end-users.
Ripe for Redevelopment! .48 acre at the corner of Douglas and N 5th! This will most definitely be a tear down. The building was last used as a dormitory property and enjoyed a tax exempt status, therefore there is no current property tax information.
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 | 5.0 | 3.0 | 96% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 3,201 | 1,451.5 | 97% |
| Lot Size | 20,909 | 8,712 | 85% |
| Price | $549.9K | $375.0K | 89% |
| Price per sq ft | $172 | $231 | 27% |
| Built year | 1920 | 1970 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 358 | 1% |
Jun 5, 2026
$549,900
Initial Listing