5209 Tennessee Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $499,999—positioned above the $439,463 Fair Market Value by -13%. With a Condition Rating of 6, the home is marketed as a tear-down or major renovation project. The 8,276 sqft lot offers significant Development Potential for multi-unit construction in the desirable 37209 zip code. While school ratings are mixed, the land utility remains the primary driver of value. This is a strategic acquisition ideal for Real Estate Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5209 Tennessee Ave Subject | $499,999* List Price | 2 | 1 | 1,360 | $323 | - |
A 5005 Illinois Ave Active | $500,000 List Price | 2 | 2 | 1,196 | $418 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1925 (99 years old) with no evidence of major renovations. The listing explicitly markets the property as an 'investor special' and a 'tear down' for two new homes, indicating the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1360.
The property is a prime candidate for a multi-unit project, with the lot size and zoning allowing for a potential tear-down and construction of two homes in a high-demand area.
Situated in the desirable 37209 zip code, this property offers excellent proximity to the vibrant amenities of The Nations and Sylvan Park, ensuring strong long-term appreciation.
Marketed as an 'investor special' or 'tear down,' the 1925-built home likely requires a complete overhaul or demolition, necessitating substantial upfront capital investment.
While the elementary school is highly rated, the assigned middle and high schools carry low ratings, which may limit the property's appeal for traditional family-oriented buyers.
Home is INVESTORS special lot can be a tear down for 2 homes on one lot . Or just some renovations to live in .
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,360 | - |
| Lot Size | 8,276 | - |
| Price | $500.0K | $556.8K |
| Price per sq ft | $368 | $306 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 484 |
Jul 22, 2026
$499,999
Initial Listing