511 Veritas St, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
Loading property details...
511 Veritas St
Nashville, TN 37211
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,047Sq Ft
6,970Lot Size
Property Price
LIST PRICE$315,000
EST. MARKET VALUE
$293,170
7% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $315,000—positioned well below the $293,170 Fair Market Value by -7%. Featuring a Fair Condition Rating (1935 cottage), the asset requires significant renovation but offers high-density potential via OR20 Zoning for two HPR units. The level 50' x 145' lot provides a clean slate for redevelopment in a proven rental market. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Developers seeking to maximize lot utility.
Estimated Market Value
$293,170
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 Veritas St Subject 2 bd · 1 ba · 1,047 sqft · $280 | $315,000* List Price | 2 | 1 | 1,047 | $280 | - |
A 3006 Wingate Ave Sold 3 bd · 1 ba · 1,086 sqft · $295 · 0.8 mi | $320,000 | 3 | 1 | 1,086 | $295 | 0.8 mi |
B 226 Raymond St Active 2 bd · 2 ba · 1,186 sqft · $274 · 0.1 mi | $325,000 List Price | 2 | 2 | 1,186 | $274 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1935, this 89-year-old cottage is in original or severely dated condition. The kitchen and bathroom feature ancient fixtures and finishes that require a total gut renovation. The listing agent explicitly markets the property as a flip project or a tear-down for new construction, indicating that the systems and interior are at the end of their functional life.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The OR20 zoning permits the construction of two HPR units (subject to Metro approval), offering significant upside for developers looking to maximize the density of the lot.
- Favorable Lot Topography
The property features a level 50' x 145' lot, which simplifies construction logistics and reduces site preparation costs for a new build or renovation.
- Investment Versatility
With a proven 18-year rental history, this property offers a flexible opportunity for a fix-and-flip project, a long-term hold, or a complete redevelopment in a growing Nashville area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Significant Renovation Required
The 1935 cottage is in poor condition and requires a full renovation or complete tear-down, necessitating substantial upfront capital investment.
- Low School Ratings
The assigned middle and high schools carry low performance ratings (3 and 2 respectively), which may limit the property's appeal to families prioritizing the local school district.
About 511 Veritas St
COTTAGE CONSTRUCTED IN 1935. SITUATED ON A LEVEL LOT MEASURING 50' X 145'. HOUSE IN NEED OF RENOVATION - GREAT FLIP PROJECT OR TEAR DOWN FOR NEW BUILD. ZONED OR20 WHICH WILL PERMIT CONSTRUCTION OF TWO HPR UNITS.(SUBJECT TO METRO APPROVAL). CURRENT OWNER HAS USED AS RENTAL PROPERTY FOR PAST 18 YEARS - WAS RENTED UNTIL RECENTLY.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glencliff Elementary School
Grades K-4 • 1.2 mi
6/10
Wright Middle School
Grades 5-8 • 0.6 mi
3/10
Glencliff Comp High School
Grades 9-12 • 0.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,047 | 2,045.139 |
| Lot Size | 6,970 | 10,890 |
| Price | $315.0K | $556.0K |
| Price per sq ft | $301 | $305 |
| Built year | 1935 | 1971 |
| HOA | $0 | $133 |
| Days on market | 8 | 70 |
Pricing History
Listed for Sale
Oct 16, 2026
$315,000
Initial Listing