508 Hamilton Ave, Nashville, TN 37203, Nashville, 37203 - 3 bed, 2 bath
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Nashville, TN 37203
This Prime Development Asset represents a High-Potential Investment Opportunity listed at $849,000—positioned slightly below the $854,875 Fair Market Value by 1%. This acquisition offers $5,875 in Instant Equity, with significant Value-Add potential via the 8,712-sqft lot located within a Qualified Opportunity Zone. With a Condition Rating of 6, the site supports a high-density build of up to four units near Glendale Elementary. It is an ideal play for Real Estate Developers or Portfolio Investors seeking high ROI in the 37203 zip code.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 508 Hamilton Ave Subject | $849,000* List Price | 3 | 2 | 1,866 | $458 | - |
A 1709 Martin St Active | $825,000 List Price | 3 | 2 | 1,616 | $511 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a development opportunity to build up to four homes, indicating that the 1946 structure holds no significant value relative to the land. The absence of interior photos and the focus on the 'Qualified Opportunity Zone' and lot utilization further confirm that the value lies in redevelopment rather than the existing residence, which likely requires demolition to achieve the property's highest and best use.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1866.
Elementary School: Glendale Elementary School (9/10).
The property presents a significant investment opportunity with the capacity to build up to four homes, maximizing the utility and value of the 8,712 sqft lot.
The list price of $849,000 reflects the development potential rather than the value of the existing 1946 structure, requiring a high initial capital outlay.
The assigned high schools carry low performance ratings, which may limit the property's appeal to families specifically seeking high-ranking public education districts.
Fantastic Opportunity to build up to 4 homes in Prime Neighborhood. Property also is within a Qualified Opportunity Zone!!
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 1.2 mi
Grades PK-4 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,866 | 1,860.5 | 50% |
| Lot Size | 8,712 | 7,187.5 | 61% |
| Price | $849.0K | $661.6K | 56% |
| Price per sq ft | $455 | $415 | 56% |
| Built year | 1946 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 442 | 6% |
Mar 17, 2026
$849,000
Initial Listing