5302 Elkins 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 $659,900—positioned well above the $610,655 Fair Market Value by -8%. While the home requires significant capital for modernization, its Condition Rating of 5 and 7,405 sqft lot offer substantial upside. The existing floored loft and unfinished basement provide clear paths to increase square footage. Zoned for the highly-rated Sylvan Park Paideia Design Center, this asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a prime Nashville neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5302 Elkins Ave Subject | $659,900* List Price | 2 | 1 | 1,190 | $513 | - |
A 5005 Illinois Ave Active | $500,000 List Price | 2 | 2 | 1,196 | $418 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945 (79 years old) with no recorded major renovations, the property is described as needing updating. Key systems are outdated or incomplete, evidenced by the lack of central HVAC in the loft (using window units) and an unfinished dirt floor basement, indicating a need for significant rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1190.
Nestled in one of Nashville's most sought-after neighborhoods, this property offers exceptional walkability and proximity to local boutiques, dining, and downtown Nashville.
The floored and drywalled loft, along with the unfinished basement, provides a rare opportunity to significantly increase the home's square footage and market value through strategic renovations.
The home is in need of comprehensive interior updates and features a dirt-floor basement, which will require a substantial capital investment to meet modern standards.
With only 1,190 square feet of finished space and a single bathroom, the current configuration may be restrictive for buyers seeking a move-in-ready family home at this price point.
Charming Sylvan Park cottage with endless potential! Nestled in the heart of Nashville's highly sought after Sylvan Park neighborhood, this charming 2 bedroom 1 bathroom home offers 1,190 square feet of simple living space and incredible opportunity to make it your own. The home does need updating. The upstairs loft (not included in the home's square footage is not heated or cooled but can easily be added) offers the perfect space for additional storage, with 11x13 square feet on one side of the stairs and 11x16 square feet on the other side. There is an a/c window unit in the window and It is fully floored and drywalled. The unfinished dirt floor basement provides excellent storage and offers exciting potential for future improvements or expansion. You'll enjoy the charm of Sylvan Park while being just minutes from local restaurants, shops, parks and downtown Nashville. Whether you're looking for your first home, an investment opportunity, or a place to customize over time, this home is full of possibilities. FIRST SHOWING WILL BE JULY 19TH.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,190 | - |
| Lot Size | 7,405 | - |
| Price | $659.9K | $556.8K |
| Price per sq ft | $555 | $306 |
| Built year | 1945 | 0 |
| HOA | $0 | $0 |
| Days on market | 10 | 484 |
Jul 13, 2026
$659,900
Initial Listing