513 Veritas St, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
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513 Veritas St
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,096Sq Ft
1,307Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$375,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $375,000, aligning with the $375,000 Fair Market Value. Featuring a Condition Rating of 4, the existing 1935 structure is fully livable while offering significant Development Potential through its site-approved HPR 2 zoning. Investors can leverage immediate rental income or execute the approved side-by-side build to maximize land utility. This asset is an ideal acquisition for Buy-and-Hold Investors or Residential Developers seeking a strategic project in a high-demand Nashville corridor.
Estimated Market Value
$375,000
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 |
|---|---|---|---|---|---|---|
★ 513 Veritas St Subject 2 bd · 1 ba · 1,096 sqft · $342 | $375,000* List Price | 2 | 1 | 1,096 | $342 | - |
A 513 Veritas St Active 2 bd · 1 ba · 1,096 sqft · $342 · 0.0 mi | $375,000 List Price | 2 | 1 | 1,096 | $342 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1935, the property is being sold primarily for its land value and development potential (HPR approval). However, the home is noted as 100% livable and rentable, with images showing well-maintained hardwood floors and a functional, tidy interior that defies its age.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is already site-approved for a side-by-side HPR 2 build, offering significant value-add potential for developers in a high-demand Nashville location.
- Immediate Cash Flow
The existing 1935 home is 100% livable and currently occupied by a tenant, providing immediate rental income while the owner secures permits or finalizes construction plans.
- Investment Versatility
The site offers multiple development paths, including proceeding with the approved side-by-side build or reconfiguring the HPR to retain the original home as a front/back build.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 6970.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1307, living area = 1096.
- Low School Ratings
The property is zoned for schools with low performance ratings, specifically a 3/10 for the middle school and 2/10 for the high school, which may impact long-term resale value to families.
About 513 Veritas St
Site approved for a side by side HPR 2 build. Current home on the site is rented with the intent to vacate with contract. Property is being listed primarily for its land value, however the existing home is 100% livable and rentable. Options could also include keeping the existing home and redoing the HPR to be a front/back build.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 1,307 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 • 1.0 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 | 1,096 | 2,045.139 |
| Lot Size | 1,307 | 10,890 |
| Price | $375.0K | $556.0K |
| Price per sq ft | $342 | $305 |
| Built year | 1935 | 1971 |
| HOA | $0 | $133 |
| Days on market | 47 | 70 |
Pricing History
Listed for Sale
Sep 7, 2026
$375,000
Initial Listing