933A Spain Ave, Nashville, TN 37216, Nashville, 37216 - 3 bed, 3 bath
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933A Spain Ave
Nashville, TN 37216
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,583Sq Ft
1,307Lot Size
Property Price
LIST PRICE$399,900
EST. MARKET VALUE
$415,850
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well below the $415,851 Fair Market Value by 3%. This valuation gap offers $15,951 in Instant Equity for buyers. Featuring a Fair Condition Rating and a proven rental history, the home offers significant value-add potential through cosmetic updates. Its roommate-friendly layout, large basement, and off-street parking make it a versatile asset. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-driven entry into the Nashville market.
Estimated Market Value
$415,850+$15,950 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 |
|---|---|---|---|---|---|---|
★ 933A Spain Ave Subject 3 bd · 3 ba · 1,583 sqft · $263 | $399,900* List Price | 3 | 3 | 1,583 | $263 | - |
A 1006 Spain Ave Active 3 bd · 3 ba · 1,536 sqft · $322 · 0.1 mi | $495,000 List Price | 3 | 3 | 1,536 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property features recent cosmetic renovations including a modern kitchen with stainless steel appliances and new LVP flooring. However, given the 1930 build date and the agent's note that it needs 'TLC' and is being sold 'AS-IS,' it likely requires updates to older systems or minor repairs to be fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
The property features a roommate-friendly layout with significant flex space and a history of successful rentals, making it an ideal starter home or high-potential investment opportunity.
- Prime Location & Community
Situated in a desirable Nashville neighborhood, the home benefits from a strong sense of community spirit and a location that appeals to both long-term residents and prospective tenants.
- Functional Storage & Parking
Unlike many historic cottages, this home offers a large basement for additional storage and dedicated off-street parking, adding significant practical value and convenience.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is being sold in 'as-is' condition and requires TLC, indicating that the buyer will need to budget for immediate repairs and cosmetic updates.
- Minimal Outdoor Space
With a lot size of only 1,307 square feet, the backyard is quite small, which may limit appeal for buyers seeking significant outdoor living or gardening space.
About 933A Spain Ave
Super charming cottage in a fantastic location. Would make a great starter-home or rental property. Lot's of flex space in this 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, large basement and the street had great neighbors and community spirit. Home needs some TLC- selling AS-IS but we welcome inspections.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1930
- Lot Size
- 1,307 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,583 | 1,009.514 |
| Lot Size | 1,307 | 871 |
| Price | $399.9K | $347.6K |
| Price per sq ft | $253 | $343 |
| Built year | 1930 | 2007 |
| HOA | $0 | $334 |
| Days on market | 12 | 92 |
Pricing History
Listed for Sale
Oct 12, 2026
$399,900
Initial Listing