708 S 14th St, Nashville, TN 37206, Nashville, 37206 - 0 bed, 0 bath
Loading property details...
708 S 14th St
Nashville, TN 37206
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,742Sq Ft
0Lot Size
Property Price
LIST PRICE$624,500
EST. MARKET VALUE
$595,450
4% AboveMARKET VALUE
SUMMARY
This duplex represents a High-Potential Investment Opportunity with a List Price of $624,500—positioned above the $595,451 Fair Market Value by -4%. Located in a designated Opportunity Zone, this Condition Rating 4 asset features dual utility meters and a 50x153 lot with alley access, providing immediate rental income and long-term redevelopment potential. While the property requires cosmetic updates, its established occupancy and HPR status offer a stable foundation. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to leverage tax incentives in a high-demand area.
Estimated Market Value
$595,450
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 |
|---|---|---|---|---|---|---|
★ 708 S 14th St Subject 0 bd · 0 ba · 1,742 sqft · $342 | $624,500* List Price | 0 | 0 | 1,742 | $342 | - |
A 1507 Long Ave Sold 0 bd · 0 ba · 1,252 sqft · $447 · 0.3 mi | $560,000 | 0 | 0 | 1,252 | $447 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1987 (>30 years old) and features dated interiors, as evidenced by the basic bathroom vanity and mismatched wall paint patch. However, the exterior brick appears solid, and both units are currently occupied and functional, indicating it needs minor cosmetic updates and repairs rather than a full structural rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Tax Incentives
Located in a designated Opportunity Zone, this property offers significant capital gains tax advantages and incentives for long-term real estate investors.
- Income-Ready Infrastructure
The duplex is fully equipped with separate utility meters for each unit and established rental history, providing immediate cash flow and simplified utility management.
- Development Potential
The generous 50x153 lot with alley access and HPR deeded status offers versatile options for future expansion or high-density redevelopment in a high-demand area.
CONSRISKS & DEFICIENCIES
- Excessive Market Stagnation
With over 1,500 days on the market, the listing may face negative perception regarding its valuation or underlying condition compared to faster-moving local inventory.
- High Barrier to Entry
The restriction against site visits or tenant interaction prior to an accepted offer complicates the due diligence process and may deter traditional buyers.
About 708 S 14th St
DO NOT WALK PROPERTY OR TALK TO TENANTS!!! "Opportunity Zone" and HPR Deeded. Property was built as a duplex and has 2 water meters and 2 electric meters. Each unit has a kitchen, living room, 2 bedrooms, 1 bathroom, and laundry hookups in kitchen. Both sides currently leased. Lot is 50x153 with alley access. Please submit offers contingent on viewing/inspection once accepted offer.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Kirkpatrick Elementary Enhanced Option
Grades PK-4 • 0.2 mi
0/10
Bailey Middle School
Grades 5-8 • 1.7 mi
0/10
Stratford Comp High School
Grades 9-12 • 2.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,742 | 1,967.444 |
| Lot Size | - | - |
| Price | $624.5K | $455.6K |
| Price per sq ft | $358 | $238 |
| Built year | 1987 | 1964 |
| HOA | $0 | $0 |
| Days on market | 1620 | 82 |
Pricing History
Listed for Sale
May 18, 2022
$624,500
Initial Listing