
Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $365,900—positioned well above the $270,063 Fair Market Value. While the current valuation reflects a premium, the R6 Zoning on a generous 10,890 sqft lot provides significant upside for duplex configuration or infill redevelopment. With a Condition Rating of 6, the structure requires a full gut renovation or teardown. This asset is best suited for Experienced Developers or Builders looking to capitalize on East Nashville’s rapid growth and high-density potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 911 Carolyn Ave Subject | $365,900* List Price | 2 | 2 | 1,159 | $233 | - |
A 1622 Northview Ave Active | $445,000 List Price | 3 | 1 | 1,178 | $378 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1939 with no evidence of recent renovations. The listing explicitly states the property is a 'full gut renovation or possible teardown' with value primarily in the land, meeting the criteria for age (>50y) and condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1159.
The R6 zoning on a generous 10,890 sqft lot provides significant flexibility for high-density residential projects, including the potential for a duplex, ADU, or two new single-family homes.
Situated in a rapidly appreciating East Nashville corridor surrounded by high-end new construction, the property is perfectly positioned to benefit from the area's ongoing transformation and rising values.
The existing structure requires a full gut renovation or complete teardown, necessitating substantial additional capital and limiting financing options to cash or specialized renovation loans.
The property is zoned for schools with lower performance ratings, specifically a 2/10 for the high school and 3/10 for the middle school, which may impact appeal for certain family-oriented buyers.
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 • 2.3 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,159 | 1,734 | 15% |
| Lot Size | 10,890 | 12,632 | 37% |
| Price | $365.9K | $550.0K | 21% |
| Price per sq ft | $316 | $327 | 42% |
| Built year | 1939 | 1948 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 629 | 1% |
May 12, 2026
$365,900
Initial Listing