716 Myrtle St, Nashville, TN 37206, Nashville, 37206 - 3 bed, 2 bath
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716 Myrtle St
Nashville, TN 37206
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,384Sq Ft
7,405Lot Size
Property Price
LIST PRICE$529,900
EST. MARKET VALUE
$503,021
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $529,900—positioned well below the $503,022 Fair Market Value by -5%. While the home requires renovation, its Condition Rating of 4 and 7,405 sq. ft. lot provide a solid foundation for value-add projects. The inclusion of a backyard deck and original hardwood flooring offers immediate character. Located in a high-demand East Nashville corridor, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on significant renovation potential.
Estimated Market Value
$503,021
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 |
|---|---|---|---|---|---|---|
★ 716 Myrtle St Subject | $529,900* List Price | 3 | 2 | 1,384 | $363 | - |
A 932 Sharpe Ave Sold | $499,900 | 3 | 2 | 1,152 | $434 | 0.5 mi |
B 1011 Granada Ave Sold | $675,000 | 3 | 3 | 1,926 | $350 | 0.6 mi |
C 621 N 9th St Active | $529,900 List Price | 3 | 2 | 1,556 | $341 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, this 76-year-old property is explicitly marketed as a renovation project and investment opportunity. While the original hardwood floors appear to be in good condition, the listing notes the deck needs TLC, and the interior finishes are dated. There is no mention of recent updates to major systems like HVAC or electric, placing it in the category of needing updates and minor repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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 = 1384.
- Prime East Nashville Location
Situated in the heart of one of Nashville's most desirable neighborhoods, this property offers exceptional proximity to McFerrin Park, Five Points, and Downtown, ensuring strong long-term appreciation and lifestyle appeal.
- Original Character and Versatility
The home retains its 1940s charm with original hardwood flooring and includes a flexible bonus room that can easily serve as a home office, den, or additional living space to suit modern needs.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is explicitly noted as needing TLC, particularly the backyard deck, which implies immediate capital expenditure and renovation effort will be required upon purchase.
- Low-Rated School District
The majority of the immediate public schools assigned to this address carry low performance ratings, which may be a deterrent for families and could limit the pool of future buyers.
About 716 Myrtle St
Welcome to 716 Myrtle St — an incredible opportunity in the heart of East Nashville! This charming 3-bedroom, 2-bath home offers approximately 1,384 square feet of living space and the perfect combination of original character, flexible living, and an unbeatable location. Step inside and you’ll immediately notice the beautiful original hardwood floors, adding warmth and timeless charm throughout the home. In addition to three bedrooms, the home features a versatile bonus room—perfect for a home office, den, playroom, creative space, or additional living area. Step outside and imagine the possibilities! The backyard and deck are ready to be transformed into your own outdoor oasis—whether you envision a stylish entertaining space, weekend cookouts with family and friends, a cozy lounge area, or simply a peaceful place to unwind and enjoy Nashville’s beautiful seasons. The location is hard to beat! You’re just minutes from McFerrin Park, Five Points, Downtown Nashville, and the restaurants, coffee shops, shopping, nightlife, and entertainment that make East Nashville one of the city’s most sought-after areas. Whether you’re looking for a place to call home, an investment opportunity, or a property where you can have some fun bringing your own design ideas to life, 716 Myrtle St offers the perfect combination of location, character, and opportunity—all in one! Homes with this kind of potential in East Nashville don’t come along every day. Schedule your private showing and come see the possibilities for yourself!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glenn Elementary Enhance Option School
Grades PK-4 • 0.5 mi
0/10
Caldwell Enhanced Option
Grades PK-4 • 0.7 mi
2/10
Cotton Elementary School
Grades PK-4 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,384 | 2,093.129 |
| Lot Size | 7,405 | 10,890 |
| Price | $529.9K | $568.3K |
| Price per sq ft | $383 | $307 |
| Built year | 1948 | 1971 |
| HOA | $0 | $137 |
| Days on market | 31 | 69 |
Pricing History
Listed for Sale
Aug 9, 2026
$529,900
Initial Listing