604 S 15th St, Nashville, TN 37206, Nashville, 37206 - 3 bed, 1 bath
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Nashville, TN 37206
This Prime Redevelopment Asset in the heart of East Nashville represents a Strong Value Opportunity, listed at $425,000—positioned well below the $453,591 Fair Market Value by 6%. This entry point secures $28,591 in Instant Equity for a site-clearing project. Carrying a Condition Rating of 6, the property is sold strictly for lot value, featuring a generous 8,712 square foot lot just steps from Kirkpatrick Elementary. This is a high-upside acquisition perfectly suited for Real Estate Developers and Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 604 S 15th St Subject | $375,000* List Price | 3 | 1 | 1,000 | $419 | - |
A 1500 Boscobel St Sold | $350,000 | 1 | 1 | 782 | $448 | 0.2 mi |
B 620 S 14th St Active | $435,000 List Price | 3 | 1 | 922 | $472 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1952 (74 years old) and the listing explicitly states it is being sold for 'lot value' only. With the interior being unavailable for showings and the age exceeding 50 years without renovations, it is classified as unlivable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1000.
Situated in the highly sought-after 37206 zip code, this property offers exceptional proximity to downtown Nashville and the trendy dining and entertainment hubs of East Nashville.
With a generous lot size of 8,712 square feet, the property provides a substantial canvas for a lucrative new-build project or a custom luxury residence in a high-demand area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 966. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The property is being sold for lot value only and the interior is inaccessible, requiring the buyer to factor in the full costs of demolition and site clearing.
At a list price of $425,000 for the lot alone, the project requires significant additional capital for construction, which may tighten profit margins for developers.
New roof and Interior of house ready for renovation. Listing for lot value.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.5 mi
Grades 9-12 • 2.5 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 | 27% |
| Square foot | 1,000 | 1,800 | 15% |
| Lot Size | 8,712 | 8,276 | 55% |
| Price | $375.0K | $550.0K | 30% |
| Price per sq ft | $375 | $356 | 58% |
| Built year | 1952 | 1938 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 775 | 1% |
Apr 26, 2026
$375,000
$425,000
-12% Price Drop
Initial Listing
Apr 16, 2026
$425,000
Initial Listing