501 Elysian Fields Rd, Nashville, TN 37211, Nashville, 37211 - 4 bed, 3 bath
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Nashville, TN 37211
This Versatile Income-Producing Residence is a Prime Investment Opportunity, listed at $649,900—positioned well below the $675,661 Fair Market Value by 3%. This valuation gap offers $25,761 in Instant Equity. Boasting an Excellent Condition Rating, the home features a brand-new 2025 roof, modern kitchen, and a large outside deck. The property provides exceptional utility with a finished walk-out STR basement and a detached studio apartment on a 1/3-acre lot. This is an ideal find for House-Hackers or Owner-Occupants seeking a high-yield primary residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 Elysian Fields Rd Subject | $649,900* List Price | 4 | 3 | 2,300 | $294 | - |
A 526 Inwood Dr Sold | $699,000 | 4 | 3 | 2,158 | $324 | 0.3 mi |
B 526 Inwood Dr Sold | $699,000 | 4 | 3 | 2,158 | $324 | 0.3 mi |
C 526 Inwood Dr Sold | $699,000 | 4 | 3 | 2,158 | $324 | 0.3 mi |
D 315 Lynn Dr Sold | $635,000 | 4 | 3 | 2,314 | $274 | 0.3 mi |
E 357 Wauford Dr Sold | $599,999 | 4 | 2 | 2,616 | $229 | 0.8 mi |
F 513 Richmar Dr Sold | $675,000 | 4 | 3 | 2,350 | $287 | 0.9 mi |
G 4804 E Longdale Dr Active | $550,000 List Price | 4 | 2 | 2,376 | $231 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1952, the property has been extensively renovated recently, featuring a brand-new 2025 roof and a modern interior. The kitchen is fully updated with contemporary blue cabinetry, stone countertops, and stainless steel appliances. Bathrooms showcase high-end modern finishes, including vessel sinks and updated tiling. With a relatively new HVAC system (7 years) and refinished hardwood floors throughout, the home meets the criteria for excellent condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 2300.
The property features a finished walk-out basement previously used as a short-term rental and a detached music studio/apartment, offering multiple avenues for rental income or multi-generational living.
Buyers benefit from major recent upgrades including a brand-new roof (2025) and a relatively young HVAC system (7 years), significantly reducing near-term maintenance costs.
The assigned middle and high schools have lower performance ratings (3/10), which may be a drawback for families prioritizing top-tier public education.
While the home features modern cosmetic updates, the 1952 original construction may still present challenges associated with older plumbing or electrical systems compared to newer builds.
This updated downtown home is the ultimate Nashville find! Located in the heart of Downtown Nashville and just minutes from the Nashville Zoo, this fully updated 4-bedroom, 4-bathroom gem sits on a large, 1/3 acre lot. No HOA! The home features modern finishes throughout and a large outside deck. The finished walk-out basement—previously used as a successful short term rental—provides immediate rental potential or a private guest suite. Adding even more value, is the detached music studio/studio apartment, making this property ideal for multiple income-producing opportunities. Whether you're looking for a primary residence with a mortgage-helper or a high-yield investment, or multi-generational Home this home checks every box. Roof is 2025 and HVAC is 7 years old! Hardwood floors and updates through out! Make it yours and put your personal touch on it! Don't wait—this ideal location and versatile layout won't last. Come see it today!
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades 5-8 • 0.4 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,300 | 1,827 | 69% |
| Lot Size | 15,682 | 11,761 | 70% |
| Price | $649.9K | $449.9K | 83% |
| Price per sq ft | $283 | $238 | 68% |
| Built year | 1952 | 1968 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 474 | 0% |
Mar 6, 2026
$649,900
Initial Listing
Jan 28, 1994
$92,450
Public Record