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 $599,900. 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 over 100 years old with no recent renovations, the listing explicitly identifies the property as a tear-down ripe for redevelopment on a large city lot.
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.
The property is explicitly marketed as a prime redevelopment opportunity on a substantial 0.48-acre lot, offering a blank canvas for investors or developers to capitalize on Nashville's urban growth.
Situated at the corner of Douglas Ave and N 5th, the property boasts high visibility and dual-street access, providing superior architectural flexibility and curb appeal for new construction.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
The existing 1920s structure is a confirmed tear-down, requiring the buyer to absorb the immediate costs and logistical challenges of demolition and site clearing.
The property is served by middle and high schools with low performance ratings (2/10), which may limit the target demographic to investors rather than families and could impact future resale value.
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 | 97% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 3,201 | 1,458.5 | 97% |
| Lot Size | 20,909 | 8,712 | 86% |
| Price | $599.9K | $375.0K | 92% |
| Price per sq ft | $187 | $237 | 30% |
| Built year | 1920 | 1969 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 343 | 1% |
May 2, 2026
$599,900
Initial Listing