
Nashville, TN 37204
Analysis of 502 E Iris Dr, Nashville, TN 37204 is currently available with a list price of $2,200,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property underwent a comprehensive 'down to the studs' renovation in 2015, which included the replacement of all major systems such as the roof, HVAC, electrical, and plumbing. While the renovation occurred approximately 11 years ago—placing it within the 'Good' timeframe—the interior remains in move-in-ready condition with modern hardwood flooring, updated stainless steel appliances, and professional-grade studio finishes that show minimal wear.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 2217.
Elementary School: Glendale Elementary School (9/10).
The property features unique Commercial/Residential flex zoning in the prime Berry Hill location, offering a lower tax basis and total flexibility for owner-operators to seamlessly integrate professional and residential uses.
At a list price of $2.2 million for 2,217 square feet, the high price per square foot may limit the buyer pool to niche professional users and could present appraisal challenges for non-specialized buyers.
The residential portion is restricted to a single bedroom and 867 square feet, which may be insufficient for buyers requiring more traditional living space or family-oriented accommodations.
2,217 sq ft Commercial-Recording Studio/Residential flex property offering total flexibility for owner-operators or investors. Live/work capable with dual-use configuration, a lower tax basis due to rare Commercial/Residential zoning, and a prime Berry Hill location. Completely renovated down to the studs in 2015, this property offers a rare combination of high-end construction, technical capability, and true live/work versatility. Thoughtfully designed to meet zoning requirements, the property includes approximately 1,350 sq ft of studio space and 867 sq ft of residential space, while still allowing seamless integration between uses. Every major system was replaced, including roof, siding, windows, doors, electrical, plumbing, ductwork, and HVAC. Additional upgrades include spray foam insulation, hardwood flooring, and acid-washed concrete. Purpose-built for professional use, the studio was designed and constructed by Dave Mattingly of Sound Construction and professionally wired by Skinny Fish Audio. Features include a custom studio control room, 4-zone HVAC system, and a dedicated “clean” electrical circuit. The building is fully ADA compliant and includes two bathrooms with shower facilities, along with washer, dryer, dishwasher, and stove. Smart thermostats and a security system are also in place. Two separate Nashville Electric Service meter zones allow for flexible configurations. Nine on-site parking spaces. Turnkey property suitable for studio, office, residential, or mixed-use applications.
No exterior & parking available.
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.8 mi
Grades K-4 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 2,217 | 2,442 | 43% |
| Lot Size | 9,583 | 18,295 | 24% |
| Price | $2.20M | $925.0K | 83% |
| Price per sq ft | $992 | $414 | 93% |
| Built year | 1947 | 1950 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 908 | 1% |
Mar 4, 2026
$2,200,000
Initial Listing