828 Clay St, Nashville, TN 37208, Nashville, 37208 - 3 bed, 1 bath
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828 Clay St
Nashville, TN 37208
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
900Sq Ft
9,148Lot Size
Property Price
LIST PRICE$349,900
EST. MARKET VALUE
$332,264
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $349,900—positioned well above the $332,264 Fair Market Value by -5%. While the current structure holds a Condition Rating of 6 and requires significant renovation, the R6 Zoning on a 9,148-square-foot lot provides exceptional development potential for two units. Featuring rare dual alley access, this asset is primed for density optimization in the high-growth Buchanan Arts District. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors focused on land value.
Estimated Market Value
$332,264
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 |
|---|---|---|---|---|---|---|
★ 828 Clay St Subject 3 bd · 1 ba · 900 sqft · $369 | $349,900* List Price | 3 | 1 | 900 | $369 | - |
A 1512 10th AVE N Sold 4 bd · 4 ba · 900 sqft · $389 · 0.6 mi | $350,000 | 4 | 4 | 900 | $389 | 0.6 mi |
B 1110 Cass St Active 2 bd · 1 ba · 937 sqft · $315 · 0.2 mi | $295,000 List Price | 2 | 1 | 937 | $315 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1930 with no evidence of recent renovation. The listing explicitly states the home is in disrepair with no power or water, and that the highest and best use is the land value.
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 = 9148, living area = 900.
- Development Potential
The R6 zoning on a generous 9,148-square-foot lot allows for the construction of two units, maximizing the property's investment value and aligning with the density of surrounding lots.
- Strategic Location
Situated in the trendy Buchanan Arts District, the property is positioned in a high-growth area of Nashville known for its cultural appeal and proximity to urban amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 1161.
- Severe Property Disrepair
The existing structure is in a state of total disrepair with no active utilities, necessitating a complete teardown and significant upfront demolition costs for any developer.
- Low School Ratings
The assigned middle and high schools carry low performance ratings (3/10 and 2/10 respectively), which may limit the property's appeal to family-oriented end-users.
About 828 Clay St
R6 zoned lot in Buchanan Arts District with total lot square footage of 9,148 square feet on .21 acre lot. Perfect to match the surrounding lots with two units. Alley access to the left side as well as the rear make for ideal location. Existing home is in disrepair with no power or water now. Highest and best use is the land value, Has been rented in the past, selling in as-is conditon with no warranties.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Buena Vista Elementary Enhanced Option
Grades PK-4 • 0.6 mi
4/10
Robert Churchwell Museum Magnet Elementary School
Grades PK-4 • 0.7 mi
4/10
Gower Elementary School
Grades PK-4 • 8.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 900 | 2,045.139 |
| Lot Size | 9,148 | 10,890 |
| Price | $349.9K | $556.0K |
| Price per sq ft | $389 | $305 |
| Built year | 1930 | 1971 |
| HOA | $0 | $133 |
| Days on market | 8 | 70 |
Pricing History
Listed for Sale
Oct 16, 2026
$349,900
Initial Listing