
Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $365,900—positioned well above the $192,771 Fair Market Value by -89%. While the current structure carries a Condition Rating of 6, the R6 Zoning and 10,454 sqft lot provide significant upside for high-density redevelopment, including duplex or ADU configurations. Located in a rapidly appreciating East Nashville corridor, this asset is best suited for Fix-and-Flip Investors or Experienced Builders capable of executing a full gut renovation or strategic teardown.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 906 Carolyn Ave Subject | $365,900* List Price | 3 | 2 | 1,450 | $133 | - |
A 1125 Leland Ave Sold | $320,000 | 2 | 2 | 1,559 | $205 | 0.8 mi |
B 1028 IVERSON AVENUE Sold | $385,000 List Price | 3 | 2 | 1,835 | 0.9 mi | |
C 911 Carolyn Ave Active | $365,900 List Price | 2 | 2 | 1,159 | $316 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1935 and nearly 90 years old, the listing explicitly states the structure is in need of a full gut renovation or possible teardown, with value primarily in the land and no seller repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1450.
The R6 zoning allows for higher-density residential development, providing a prime opportunity to build a duplex or two single-family homes on a single lot.
Situated in a rapidly appreciating East Nashville growth corridor, the property is surrounded by high-end new construction and offers excellent proximity to downtown and Gallatin Avenue retail.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is being sold strictly as-is and requires a full gut renovation or complete teardown, necessitating significant additional capital investment.
Due to the uninhabitable state of the current structure, the property is restricted to cash buyers or specialized renovation financing, limiting the pool of potential purchasers.
Exceptional opportunity in the heart of rapidly developing East Nashville. Property is being sold strictly AS-IS and is ideal for investors, builders, or experienced rehabbers. The existing structure is in need of a full gut renovation or possible teardown, with the current value primarily in the land. Zoned R6, allowing for higher-density residential development including one- and two-family construction. Strong potential to explore ADU addition, duplex configuration, or redevelopment into two new single-family homes (buyer to verify all zoning and development options). Surrounded by a wave of new construction and high-end redevelopment, this street has seen significant transformation with multiple new builds and infill projects replacing original housing stock, making this a prime location for future appreciation and redevelopment upside. Located in one of East Nashville’s most active growth corridors, just minutes to downtown, Gallatin Avenue retail, parks, and neighborhood amenities. Rare chance to secure land in an established neighborhood where teardown and new build activity continues to drive values upward. Sold as-is. Seller to make no repairs. Cash or renovation financing strongly preferred.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 2.4 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,450 | 1,734 | 26% |
| Lot Size | 10,454 | 12,632 | 35% |
| Price | $365.9K | $550.0K | 21% |
| Price per sq ft | $252 | $327 | 25% |
| Built year | 1935 | 1948 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 629 | 1% |
May 12, 2026
$365,900
Initial Listing
Nov 23, 1994
$27,000
Public Record