801 Inverness Ave B7, Nashville, TN 37204, Nashville, 37204 - 1 bed, 1 bath
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Nashville, TN 37204
This Prime Investment Opportunity is listed at a List Price of $215,000, positioned well below the $221,450 Fair Market Value by 2%. This valuation gap offers $6,450 in Instant Equity. Featuring an updated kitchen, prefinished hardwood floors, and a Condition Rating of 3, this unit provides a stable, move-in ready asset. With community amenities like a pool and gym and proximity to Glendale Elementary (9/10), it is an ideal acquisition for Buy-and-Hold Investors or long-term rental providers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 Inverness Ave B7 Subject | $205,000* List Price | 1 | 1 | 650 | $264 | - |
A 1112 Clifton Ln 25 Sold | $191,000 | 1 | 1 | 840 | $227 | 1.0 mi |
B 801 Inverness Ave A11 Active | $215,000 List Price | 1 | 1 | 650 | $331 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1960, the unit has undergone significant renovations including an updated kitchen with stone countertops and new prefinished hardwood flooring. The interior is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
Elementary School: Glendale Elementary School (9/10).
Situated in the highly desirable 8th South/Melrose area, the property offers exceptional walkability and proximity to 12 South, Belmont, Vanderbilt, and downtown Nashville.
The unit features refreshed prefinished hardwood floors, an updated kitchen, and stylish glass French doors that enhance the character and flow of the living space.
The property is tenant-occupied until February 2028, which precludes immediate move-in for owner-occupants and limits the buyer pool primarily to long-term investors.
The unit is ineligible for FHA financing, which restricts options for buyers who require government-backed loans and may limit the overall pool of potential offers.
This one-bedroom main floor unit condo offers a comfortable, efficient layout with a living room, updated kitchen, hallway, full bath, and bedroom with closet. Updated prefinished hardwood floors give the unit a clean, refreshed look, large windows let in great natural light and overlook back of property, while the glass French doors leading to the bedroom add character and help define the bedroom space. Unit faces the back giving more privacy. Located in a walkable area near 8th South/Melrose-Waverly, the unit offers convenient access to 12 South, Belmont, Vanderbilt, 100 Oaks, Berry Hill, downtown Nashville, restaurants, shops, and everyday neighborhood amenities. Community amenities include a pool, gym, courtyard with fireplace on premises and laundry facilities. Buyer and buyer’s agent to verify all pertinent information including square footage, HOA details, rental restrictions, pet policy, utilities, taxes, and included amenities. Tenant lease in place. Cannot go FHA
No exterior & parking available.
Grades PK-4 • 2.0 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 650 | - |
| Lot Size | 871 | - |
| Price | $205.0K | $403.0K |
| Price per sq ft | $315 | $378 |
| Built year | 1960 | 0 |
| HOA | $205 | $0 |
| Days on market | 59 | 193 |
Jun 27, 2026
$205,000
$210,000
-2% Price Drop
Initial Listing
Jun 3, 2026
$210,000
$215,000
-2% Price Drop
Initial Listing
May 12, 2026
$215,000
Initial Listing