883 Carter St, Nashville, TN 37206, Nashville, 37206 - 3 bed, 1 bath
Loading property details...
883 Carter St
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
3Beds
1Baths
977Sq Ft
7,405Lot Size
Property Price
LIST PRICE$369,900
EST. MARKET VALUE
$422,006
12% BelowMARKET VALUE
SUMMARY
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.
Estimated Market Value
$422,006+$52,106 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 883 Carter St Subject | $369,900* List Price | 3 | 1 | 977 | $432 | - |
A 925 Granada Ave Sold | $413,350 | 2 | 1 | 877 | $471 | 0.2 mi |
B 925 Granada Ave Sold | $413,350 | 2 | 1 | 877 | $471 | 0.2 mi |
C 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.3 mi |
D 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.3 mi |
E 1007 Chicamauga Ave Sold | $407,000 | 2 | 1 | 831 | $490 | 0.4 mi |
F 1007 Chicamauga Ave Sold | $407,000 | 2 | 1 | 831 | $490 | 0.4 mi |
G 870 W Sharpe Ave Active | $435,000 List Price | 2 | 2 | 1,050 | $414 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
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.
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 = 977.
- Prime Walkable Location
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.
- Exceptional Value & Investment Potential
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.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Ratio
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.
- Compact Interior Square Footage
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.
About 883 Carter St
Seller offering a $5,000 credit toward buyer paint and cosmetic updates with an acceptable offer! This adorable cottage in one of the last affordable pockets of the 37206 ZIP Code in East Nashville is the perfect opportunity to personalize a home while building equity in this exciting and rapidly changing neighborhood. Ideal for first-time homebuyers, investors, or anyone looking to enjoy the vibrant East Nashville lifestyle, you’ll be within walking distance of The Pharmacy Burger & Beer Garden, Mas Tacos, Lyra, Kisser, Studio Pilates, Garage Sale Vintage, and so much more. The home offers great bones, a spacious primary bedroom, charming front porch and back deck for morning coffee, ample off-street parking, a brand-new HVAC system, and a large, level backyard perfect for families and pets. While the home could benefit from fresh paint and a few cosmetic updates, the seller has taken that into account by offering a $5,000 buyer credit—giving you the flexibility to make it your own. With continued renovations and new construction happening throughout the neighborhood, now is a great time to invest in this growing area. Shed does not convey.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 7,405 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
Cotton Elementary School
Grades PK-4 • 0.4 mi
5/10
Glenn Elementary Enhance Option School
Grades PK-4 • 0.7 mi
0/10
Caldwell Enhanced Option
Grades PK-4 • 1.1 mi
2/10
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 | 977 | 2,093.129 |
| Lot Size | 7,405 | 10,890 |
| Price | $369.9K | $568.3K |
| Price per sq ft | $379 | $307 |
| Built year | 1925 | 1971 |
| HOA | $0 | $137 |
| Days on market | 118 | 69 |
Pricing History
Listed for Sale
Jul 10, 2026
$369,900
$370,600
+0% Price Increase
Initial Listing
Price Change
Jun 27, 2026
$370,600
$370,900
+0% Price Increase
Initial Listing
Price Change
Jun 18, 2026
$370,900
$372,000
+0% Price Increase
Initial Listing
Price Change
May 14, 2026
$372,000
Initial Listing