545 Annex Ave, Nashville, TN 37209, Nashville, 37209 - 3 bed, 1 bath
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Nashville, TN 37209
This Value-Add Residential Asset in Charlotte Park Annex is listed at $385,000—positioned well below the $386,046 Fair Market Value by 1%. This valuation offers $1,046 in Instant Equity and a rare, accessible entry point into the competitive 37209 market. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside on a 7,405 sqft lot. Located just 0.5 miles from Charlotte Park Elementary, it is a strategic acquisition for Buy-and-Hold Investors or First-Time Buyers seeking sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 545 Annex Ave Subject | $375,000* List Price | 3 | 1 | 1,464 | $265 | - |
A 689 Park St Sold | $380,000 | 3 | 2 | 1,442 | $264 | 0.7 mi |
B 503 American Rd Sold | $328,000 | 3 | 2 | 1,492 | $220 | 0.6 mi |
C 492 Sunliner Dr Active | $450,000 List Price | 3 | 2 | 1,388 | $324 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, this property is aged but has been maintained through regular upkeep. The kitchen features older painted cabinetry and white appliances that, while functional, are outdated. The interior shows signs of age such as popcorn ceilings and older light fixtures. While some updates are evident, such as the kitchen backsplash and tile flooring, the home requires further modernization and cosmetic repairs to meet current market standards.
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 = 1464.
Situated in the desirable Charlotte Park Annex, this property offers excellent proximity to West Nashville's trendy amenities and downtown, making it a strong long-term investment in a high-growth area.
Priced at $385,000 in the 37209 zip code, this home represents a rare and accessible entry point for first-time buyers or investors looking to enter the competitive Nashville market.
With three bedrooms but only one bathroom, the current configuration may be restrictive for modern family needs and could impact overall resale value.
Built in 1966 and held by the same owner for decades, the home likely requires significant cosmetic updates and potential system modernizations to meet current market standards.
Exceptional opportunity in Nashville. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 3.7 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,464 | 1,640 | 42% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $375.0K | $525.0K | 32% |
| Price per sq ft | $256 | $342 | 33% |
| Built year | 1966 | 1960 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 688 | 1% |
Apr 16, 2026
$375,000
$385,000
-3% Price Drop
Initial Listing
Feb 23, 2026
$385,000
Initial Listing
Oct 29, 1996
$95,000
Public Record
Nov 4, 1994
$47,500
Public Record