5516 Rome Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This Compact Nashville Cottage represents a High-Potential Investment Opportunity with a List Price of $275,000—positioned well below the $340,516 Fair Market Value by 19%. This significant valuation gap provides $65,516 in Instant Equity. While the property maintains a Functional Condition Rating and features a New Roof, the 600 sqft interior requires modern kitchen and bath updates to maximize its appreciation potential. Situated on a quiet cul-de-sac adjacent to city-maintained green space, this asset is a premier choice for Buy-and-Hold Investors or first-time buyers seeking entry into the 37209 market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 Rome Ave Subject | $275,000* List Price | 2 | 1 | 600 | $568 | - |
A 5900 Carl Pl Sold | $299,900 List Price | 2 | 1 | 781 | 0.3 mi | |
B 907 Trice Dr Sold | $299,999 | 2 | 1 | 781 | $384 | 0.2 mi |
C 907 Trice Dr Sold | $299,999 | 2 | 1 | 781 | $384 | 0.2 mi |
D 710 Delray Dr Active | $299,900 List Price | 2 | 1 | 660 | $454 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this property is well-maintained but shows clear signs of age. While it benefits from a new roof and refinished hardwood floors, the kitchen is outdated with basic white coil-top appliances and older cabinetry. The overall condition is functional and move-in ready for a rental, but it requires modern updates to the kitchen, bathroom, and fixtures to meet current market standards for a primary residence.
Situated on a quiet cul-de-sac adjacent to a city-maintained lot, the property offers a unique park-like atmosphere and enhanced privacy that is rare for this price point.
The installation of a new roof in the fall provides immediate value and peace of mind, reducing the likelihood of major near-term maintenance expenses.
With a proven track record as a successful rental and a competitive entry-level price for the Nashville market, this cottage is ideal for both long-term investors and first-time homeowners.
At only 600 square feet for a two-bedroom configuration, the living space is exceptionally compact, which may limit appeal for buyers with significant storage or furniture needs.
While some nearby elementary schools are highly rated, the assigned middle and high schools currently hold lower performance ratings, which could impact long-term resale value for families.
This adorable little cottage is on a quiet cul-de-sac with neighbors who have been there for decades and look out for each other in a wonderful and thoughtful way. It has been a great rental but it is time for a permanent resident or an new investor. The lot next door is owned and well maintained by the city so this is a great opportunity for dog owners to have the equivalent of a city park next door with the feel of a huge yard! The city just planted new trees as well. New roof installed in the fall.
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades PK-4 • 1.0 mi
Grades PK-4 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 600 | 1,640 | 0% |
| Lot Size | 6,970 | 7,405 | 39% |
| Price | $275.0K | $525.0K | 25% |
| Price per sq ft | $458 | $342 | 76% |
| Built year | 1951 | 1960 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 688 | 1% |
Feb 11, 2026
$275,000
Initial Listing