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 marketed as a tear-down for redevelopment, this property is over 100 years old with no evidence of renovations, making it a land-value-only listing.
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 redevelopment site on a substantial .48-acre lot, offering a blank canvas for investors or developers in a high-demand Nashville area.
Situated at the corner of Douglas and N 5th, the property offers excellent visibility, dual-street access, and increased architectural flexibility for future construction.
The existing 1920s structure has no remaining utility and requires complete demolition, adding immediate costs and logistical hurdles to the development process.
The property is zoned for middle and high schools with very low ratings (2/10), which may limit the appeal to families and impact the long-term resale value of new residential units.
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 | 15 | 484 |
Jul 7, 2026
$524,900
Initial Listing