933A Spain Ave, Nashville, TN 37216, Nashville, 37216 - 3 bed, 3 bath
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Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $460,093 Fair Market Value by 2%. This valuation gap offers $10,093 in Instant Equity for buyers. Featuring a 3-bedroom, 2.5-bathroom layout with proven rental history, the home maintains a Condition Rating of 4. While the property requires TLC, its functional floor plan and off-street parking provide a solid foundation for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 933A Spain Ave Subject | $450,000* List Price | 3 | 3 | 1,583 | $291 | - |
A 806 Fairwin Ave Active | $559,000 List Price | 3 | 3 | 1,528 | $366 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this property shows recent cosmetic improvements such as new LVP flooring and fresh paint. However, the listing's 'AS-IS' status and 'TLC' requirement, combined with a visible window AC unit, indicate dated mechanical systems and a need for minor repairs or modernization to be fully functional.
The 3-bedroom, 2.5-bathroom layout is highly functional for roommates or a rental investment, having previously supported three tenants successfully.
Built in 1930, this charming cottage offers the architectural character and aesthetic appeal that make it a standout starter home in the Nashville market.
The property features highly desirable off-street parking and a private, fenced backyard, providing security and convenience in a dense residential neighborhood.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1307, living area = 1583.
The home is sold in 'as-is' condition and requires 'TLC,' suggesting immediate additional investment will be necessary for repairs and updates.
With a lot size of only 1,307 square feet, the backyard is notably small, which may limit appeal for buyers prioritizing significant outdoor living or gardening space.
Super charming cottage would make a great starter-home or rental property. 3 bed 2.5 baths, set up is great for roommates and was previously rented to 3 tenants. Back yard is small but private and fenced! Off-street parking and the neighbors are great. Home needs some TLC- selling AS-IS but we welcome inspections.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 1,583 | 1,734 | 35% |
| Lot Size | 1,307 | 12,632 | 2% |
| Price | $450.0K | $550.0K | 30% |
| Price per sq ft | $284 | $327 | 29% |
| Built year | 1930 | 1948 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 629 | 1% |
May 6, 2026
$450,000
$475,000
-5% Price Drop
Initial Listing
Apr 16, 2026
$475,000
Initial Listing