
Nashville, TN 37207
This High-Potential Investment Opportunity is listed at $430,000, positioned slightly above the $421,137 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 3 with modern kitchen updates and a park-front location in a high-growth corridor. Zoned RM20, the site offers significant DADU development potential near the Oracle East Bank campus. This asset balances urban lifestyle perks with long-term appreciation, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic foothold in a rapidly transforming Nashville neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 639 Lischey Ave Subject | $430,000* List Price | 3 | 3 | 1,364 | $309 | - |
A 618 N 5th St Sold | $450,000 | 3 | 3 | 1,364 | $330 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1962, the property has undergone a significant renovation (likely between 5-10 years ago) featuring a modern kitchen with shaker cabinets, stone countertops, and stainless steel appliances. The interior shows well-maintained hardwood floors and updated bathrooms, and the HVAC system appears relatively modern, making it fully move-in ready.
Situated directly across from McFerrin Park and within walking distance to the vibrant Meridian Street dining scene, offering an exceptional urban lifestyle in a highly sought-after pocket of Nashville.
The RM20 zoning provides a rare opportunity for a second dwelling unit (DADU), offering significant value-add potential for investors or homeowners looking to maximize the lot's utility.
Located just minutes from the massive Oracle East Bank development, the property is strategically positioned for strong long-term capital appreciation as the area continues to transform.
The assigned public schools currently hold low ratings (2-3 out of 10), which may be a significant drawback for families prioritizing high-performing educational zones.
With 1,364 square feet distributed across three bedrooms, the interior layout may feel somewhat constrained for buyers seeking more spacious living areas or larger room dimensions.
Park-front in the most walkable pocket of McFerrin Park, directly across from the green space that gives the neighborhood its name. Three bedrooms and two and a half baths across two levels, with an updated kitchen open to the dining area, making the main floor live larger than the square footage suggests. At $430,000, this is the kind of place that's truly getting hard to find in Nashville. Three bedrooms, a yard, and a park across the street, in a walkable neighborhood with sidewalks. From the front porch it’s a short walk to Meridian Street's thriving restaurant/bar scene: Turkey & The Wolf, Redheaded Stranger, Folk, Xiao Bao, Wilburn Street Tavern, etc. - one of the best few-block food stretches in the city. The biggest value-add is still unfolding: Oracle's East Bank campus has moved from renderings to active site work, minutes away. Zoned RM20, Metro's medium-high density district, which opens the door to a second dwelling unit on the site. Buyers should verify DADU feasibility with Metro Codes. Furnishings Negotiable.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades PK-4 • 0.4 mi
Grades 5-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,364 | 1,538.436 |
| Lot Size | 4,356 | 871 |
| Price | $430.0K | $358.6K |
| Price per sq ft | $315 | $240 |
| Built year | 1962 | 2004 |
| HOA | $0 | $250 |
| Days on market | 56 | 79 |
Jul 15, 2026
$430,000
Initial Listing
Mar 17, 2016
$107,500
Public Record