952 Colfax Drive, Nashville, TN 37214, Nashville, 37214 - 3 bed, 1 bath
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Nashville, TN 37214
This property presents a High-Potential Investment Opportunity with a List Price of $340,000—positioned well below the $341,612 Fair Market Value by 0.47%. This $1,612 in Instant Equity, combined with a proven rental history of $2,200/month, makes this a versatile Hybrid Asset. Featuring an 876 sqft outbuilding and a Condition Rating of 3, the property is move-in ready while offering significant value-add potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking strategy near BNA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 952 Colfax Drive Subject | $340,000* List Price | 3 | 1 | 1,191 | $287 | - |
A 2907 Dunmore Dr Sold | $313,000 | 3 | 1 | 1,000 | $313 | 0.6 mi |
B 2932 Emery Dr Sold | $290,000 | 2 | 1 | 1,195 | $243 | 0.7 mi |
C 3140 Boulder Park Dr Sold | $315,000 | 3 | 1 | 1,090 | $289 | 0.9 mi |
D 3140 Boulder Park Dr Sold | $315,000 | 3 | 1 | 1,100 | $286 | 0.9 mi |
E 2718 McKeige Dr Sold | $345,000 | 3 | 1 | 1,178 | $293 | 0.9 mi |
F 3140 Boulder Park Dr Sold | $315,000 | 3 | 1 | 1,056 | $298 | 0.9 mi |
G 3111 Boulder Park Dr Sold | $320,000 | 3 | 2 | 1,475 | $217 | 0.7 mi |
H 2704 McKeige Dr Active | $389,800 List Price | 3 | 1 | 1,264 | $308 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1957 build date, the property is well-maintained and move-in ready with an updated kitchen and fresh interior finishes. The 876 sqft outbuilding is in excellent condition with modern lighting and systems, and the main house shows functional, clean living spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1191.
The 876-square-foot detached building with a loft and full bath offers exceptional flexibility for use as a music studio, guest suite, or high-capacity workshop.
The property has a proven rental history of $2,200 per month for the main house, making it an ideal candidate for house-hacking or a dual-income investment strategy.
The main three-bedroom residence contains only one bathroom, which may be a significant drawback for families or modern buyer expectations.
Being located directly across from BNA-owned parkland and near the airport suggests potential for high aircraft noise levels, impacting residential tranquility.
Endless possibilities Donelson!! Workshop? Music studio? Man cave? Garage with storage? How would YOU use the 876 square feet available in the outbuilding that comes with this 1200sf, three bed, one bath ranch? The house itself features three bedrooms, an updated kitchen, laundry room, and a storage shed. The building in back features 540sf on the ground level and a 336sf loft with a full bath. Your renovation could turn it into a music studio, a garage, a workshop, a mother-in-law suite, a man cave or simply a massive amount of storage. The current owner lived in the loft for three years while renting the house in front for $2,200/month. Set across the street from parkland owned by BNA, convenient to the airport, easy access to I-40 and downtown, and just around the corner from Donelson food and retail.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,191 | - |
| Lot Size | 11,761 | - |
| Price | $340.0K | $556.8K |
| Price per sq ft | $285 | $306 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 484 |
Jul 24, 2026
$340,000
Initial Listing