883 Carter St, Nashville, TN 37206, Nashville, 37206 - 3 bed, 1 bath
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Nashville, TN 37206
This Renovated East Nashville Cottage is a High-Potential Investment Opportunity, listed at $372,000—positioned well below the $421,675 Fair Market Value by 11%. This valuation gap offers $49,675 in Instant Equity. Featuring a Mint Condition Rating with modern LVP flooring and updated systems, the home provides a turnkey lifestyle with a Large Level Backyard and Charming Deck. Located in a highly walkable neighborhood, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into a vibrant, appreciating market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 883 Carter St Subject | $372,000* List Price | 3 | 1 | 977 | $432 | - |
A 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.3 mi |
B 925 Granada Ave Sold | $413,350 | 2 | 1 | 877 | $471 | 0.2 mi |
C 925 Granada Ave Sold | $413,350 | 2 | 1 | 877 | $471 | 0.2 mi |
D 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.3 mi |
E 895 Douglas Ave Sold | $465,000 List Price | 3 | 2 | 1,248 | 0.4 mi | |
F 1007 Chicamauga Ave Sold | $407,000 | 2 | 1 | 831 | $490 | 0.4 mi |
G 705 Neill Ave Active | $380,000 List Price | 3 | 1 | 1,000 | $380 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1925, the property has undergone a comprehensive recent renovation (likely <5 years) as evidenced by the modern kitchen with updated cabinetry and tile backsplash, new LVP flooring throughout, and fresh interior paint. Visible systems including the electrical panel and HVAC ceiling vents appear updated, and the windows have been replaced with modern vinyl units, meeting the criteria for mint condition with no immediate maintenance required.
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 = 977.
Situated in a highly desirable East Nashville pocket, the property is within walking distance to iconic local favorites like The Pharmacy Burger, Mas Tacos, and Lyra, offering a vibrant urban lifestyle.
Priced under $375,000 in the competitive 37206 zip code, this home represents a rare affordable entry point with significant appreciation potential driven by surrounding new construction and neighborhood revitalization.
With three bedrooms but only one bathroom, the layout may pose logistical challenges for families or roommates and could limit the property's appeal to certain buyer segments.
At just 977 square feet for a three-bedroom configuration, the individual room sizes are likely quite small, which may feel restrictive for those accustomed to more modern, open-concept floor plans.
Adorable cottage in one of the last affordable pockets of the 37206 zip code in East Nashville, perfect for first time homebuyers, investors or anyone looking to enjoy the vibrant East Nashville lifestyle. Walking distance to The Pharmacy Burger & Beer Garden, Mas Tacos, Lyra, Kisser, Studio Pilates, Garage Sale Vintage & so much more. Charming deck and front porch to enjoy morning coffees, spacious primary bedroom, ample driveway for off street parking, new HVAC unit, and a large level backyard perfect for family and pets; all for under 375K! With multiple renovations and new construction happening throughout the neighborhood, now is a great time to buy! Shed does not convey.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 0.7 mi
Grades PK-4 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 977 | 1,800 | 15% |
| Lot Size | 7,405 | 8,276 | 37% |
| Price | $372.0K | $550.0K | 30% |
| Price per sq ft | $381 | $356 | 59% |
| Built year | 1925 | 1938 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 775 | 1% |
May 14, 2026
$372,000
Initial Listing