518 Weakley Ave, Nashville TN 37207
Turn-Key 8-Unit Income-Producing Opportunity – Priced Below Appraisal - Perfect for 1031 Investors. Investor-ready package of 4 HPR properties in one of Nashville’s fastest-growing corridors near Downtown, Germantown, River North, and Oracle. Each 2,700 sq ft home features 4BR/4BA, rooftop deck, garage, balcony, and high-end modern finishes. Every unit also includes a separate 1BR apartment with private entrance and kitchenette — effectively creating: • 8 income-producing doors • Dual-listing flexibility (main + apartment) • Mid-term rental strategy for bottom units • Corporate / travel nurse
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Nashville
This property is offered at $275 per square foot, compared with a $321 median for active listings without a reported bedroom count in Nashville. Its asking price falls near the 86th percentile of that active group. The comparison uses 679 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 176 days, while the current cohort averages 75 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $524,495, and the median is $277 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1214 Katie Ave | May 26, 2026 | — · 1,323 sqft | $375,000 | 0.1 mi |
| 1313 Baptist World Center Dr | Aug 6, 2026 | 4 bd · 1,771 sqft | $840,000 | 0.1 mi |
| 0 lock rd | Jul 22, 2026 | — | $100,000 | 0.3 mi |
| 215 Harmony Aly | Aug 21, 2026 | 3 bd · 1,985 sqft | $550,000 | 0.4 mi |
| 219 Harmony Aly | Aug 19, 2026 | 3 bd · 1,985 sqft | $499,990 | 0.4 mi |
| 201 Harmony Aly | Aug 18, 2026 | 3 bd · 1,985 sqft | $569,990 | 0.4 mi |
| 217 Harmony Aly | Aug 12, 2026 | 3 bd · 1,985 sqft | $499,990 | 0.4 mi |
| 213 Harmony Aly | Jul 8, 2026 | 3 bd · 1,985 sqft | $549,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $3,000,000 · Active
- $2,950,000 · Active
- $2,950,000 · Off Market
- $2,950,000 · Active
- $2,999,000 · Active
- $2,950,000 · Active
- $2,949,000 · Active
- $2,949,000 · Off Market
- $2,949,000 · Active
Location reference points
How this address sits within the Nashville area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- I-24 at Manchester62.2 miles straight-line · roughly 111 driving minutes
- Downtown Manchester62.9 miles straight-line · roughly 112 driving minutes
- Arnold Air Force Base67.9 miles straight-line · roughly 121 driving minutes
Continue comparing
Similar active homes in Nashville
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Nashville homes for sale · See the Nashville market report