5302 Elkins Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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5302 Elkins Ave
Nashville, TN 37209
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,190Sq Ft
7,405Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$466,767
7% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $559,000—positioned well above the $496,354 Fair Market Value by -12%. With a Condition Rating of 5, the home requires substantial rehabilitation, including HVAC and structural updates. However, the large 7,405 sqft lot and expansion potential in the loft and basement offer significant upside for forced appreciation. Located in the desirable Sylvan Park neighborhood, this is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a project.
Estimated Market Value
$466,767
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 |
|---|---|---|---|---|---|---|
★ 5302 Elkins Ave Subject 2 bd · 1 ba · 1,190 sqft · $392 | $499,900* List Price | 2 | 1 | 1,190 | $392 | - |
A 5005 Illinois Ave Sold 2 bd · 2 ba · 1,196 sqft · $376 · 0.5 mi | $450,000 | 2 | 2 | 1,196 | $376 | 0.5 mi |
B 5209 Tennessee Ave Sold 2 bd · 1 ba · 1,360 sqft · $324 · 0.7 mi | $440,000 | 2 | 1 | 1,360 | $324 | 0.7 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 1945, this home is over 80 years old and shows no signs of recent major renovations. While the main floor appears functional, the upstairs loft lacks central HVAC and exhibits significant plaster cracking and peeling paint around the chimney, indicating potential historical or active water intrusion. The property requires substantial rehabilitation and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime Location
Situated in the highly sought-after Sylvan Park neighborhood, this property offers exceptional proximity to local dining, parks, and downtown Nashville, ensuring strong long-term value.
- Significant Expansion Potential
The floored and drywalled loft plus the unfinished concrete basement provide a rare opportunity to significantly increase the home's livable square footage and equity.
CONSRISKS & DEFICIENCIES
- Incomplete Climate Control
The upstairs loft lacks integrated heating and cooling, relying on a window unit, which may necessitate additional HVAC investment for full functionality.
- Limited Bathroom Count
The single-bathroom configuration may be a drawback for modern families or buyers seeking higher utility, potentially limiting the immediate buyer pool.
About 5302 Elkins Ave
NEW PRICE. Charming cottage with endless potential! Nestled in the heart of Nashville's highly sought after Sylvan Park neighborhood, An incredible opportunity to make it your own. 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 concrete 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 7,405 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
Sylvan Park Paideia Design Center
Grades PK-4 • 0.5 mi
7/10
Park Avenue Elementary Enhanced Option
Grades PK-4 • 1.2 mi
5/10
Charlotte Park Elementary School
Grades PK-4 • 1.8 mi
4/10
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 | 1,190 | 2,045.139 |
| Lot Size | 7,405 | 10,890 |
| Price | $499.9K | $556.0K |
| Price per sq ft | $420 | $305 |
| Built year | 1945 | 1971 |
| HOA | $0 | $133 |
| Days on market | 104 | 70 |
Pricing History
Listed for Sale
Oct 24, 2026
$499,900
$559,000
-11% Price Drop
Initial Listing
Price Change
Jul 13, 2026
$559,000
Initial Listing