5109 Nevada Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This Prime Sylvan Park Redevelopment Asset is listed at a $999,900 List Price, reflecting the premium value of its Massive .31-Acre Corner Lot. With an $896,367 Fair Market Value, the pricing aligns with the high demand for land in this walkable Nashville pocket. The property carries a Condition Rating of 6, requiring a total overhaul or demolition to maximize the site's potential. Featuring a 480 sq. ft. detached studio and proximity to Top-Rated Schools like Sylvan Park Paideia, the location ensures strong resale demand. This is an ideal acquisition for Luxury Home Builders or Strategic Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5109 Nevada Ave Subject | $899,900* List Price | 2 | 1 | 1,232 | $630 | - |
A 215 Orlando Ave Sold | $680,000 | 2 | 1 | 1,016 | $669 | 0.4 mi |
B 215 Orlando Avenue Sold | $680,000 | 2 | 1 | 1,016 | $669 | 0.4 mi |
C 226 54th Ave N Active | $795,000 List Price | 3 | 2 | 1,470 | $541 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 with no evidence of major renovations, the property is explicitly marketed as a redevelopment opportunity to 'build your dream home.' The structure shows significant age with dated plywood interiors and obsolete systems, while the high list price reflects the value of the large corner lot in a prime location rather than the dwelling itself.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 1232.
Situated in the highly desirable Sylvan Park neighborhood, this property offers exceptional walkability to the Richland Park Farmer's Market, local greenways, and iconic Nashville dining and shopping.
The massive 0.31-acre corner lot provides a rare and versatile footprint in a dense urban setting, offering significant potential for a custom luxury build or a large-scale redevelopment.
The existing structure requires extensive repairs and updates, which will necessitate a substantial capital investment beyond the initial purchase price for any renovation effort.
Built in 1949 with a limited 2-bedroom, 1-bathroom configuration, the home's original systems and floor plan may be obsolete for modern buyer expectations without a total overhaul.
Massive 13,504 sq. ft., .31 acre PRIME corner lot property in highly desirable Sylvan Park! Renovate or build your dream home. Home includes detached 480 sq. ft. studio apartment in rear. Walk to the greenway, Richland Park Farmer's Market, many iconic Nashville restaurants and shops, library, post office and so much more. Easy access to interstates, hospitals, Downtown and West End. Home needs repairs. Home contains additional 280 sq. ft. in attic conversion. Don't miss this rare and unique opportunity!
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 1.1 mi
Grades PK-4 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,232 | 1,685 | 25% |
| Lot Size | 13,504 | 7,405 | 87% |
| Price | $899.9K | $485.0K | 79% |
| Price per sq ft | $730 | $334 | 95% |
| Built year | 1949 | 1956 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 119 | 764 | 2% |
Apr 30, 2026
$899,900
$999,900
-10% Price Drop
Initial Listing
Feb 17, 2026
$999,900
Initial Listing