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 $524,900. 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 |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 3,201 | - |
| Lot Size | 20,909 | - |
| Price | $524.9K | $556.8K |
| Price per sq ft | $164 | $306 |
| Built year | 1920 | 0 |
| HOA | $0 | $0 |
| Days on market | 32 | 484 |
Jun 30, 2026
$524,900
$549,900
-5% Price Drop
Initial Listing
Jun 5, 2026
$549,900
Initial Listing