USATNNashvilleOld Fairgrounds1216 Lewis St

1216 Lewis St, Nashville, TN

Name: 1216 Lewis St, For Sale in Nashville - Zoocasa
Brand: SVN Accel Commercial Real Estate
SKU: 3226347
Price: 2535000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,535,000

000

MLS® 3226347

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 16258 sqft

Garage

Taxes $28,383

Days Active 0

Lot Size

Approx. Age 1969

Avg. Price Per Sqft $155

MLS® Number 3226347

Property Address: 1216 Lewis St, Nashville, TN, 37210

Average square foot calculated using Size range provided by listing agent.

Description

SVN | Accel Commercial Real Estate is pleased to present Chestnut Flats — a 39-unit, high-upside value-add multifamily opportunity located at 1216–1220 Lewis Street in Nashville, Tennessee. Positioned in the rapidly transforming Chestnut Hill submarket within the 37210 zip code, the property offers investors a rare opportunity to acquire a partially offline asset with significant operational and physical upside just minutes from Downtown Nashville. Originally constructed in 1959 and 1969, Chestnut Flats consists of two buildings situated on 0.66 acres, providing a manageable scale for repositioning in one of the city’s most active infill corridors. With 19 of 39 units currently offline, the property presents a true “basis play” with immediate value creation through renovation and lease-up. This level of vacancy allows a new owner to execute a phased or full-scale repositioning strategy without significant disruption to in-place tenants — a scenario rarely available in today’s supply-constrained Nashville market. All units are subject to MDHA affordability restrictions (50% and 120% AMI) through July 2029, offering a clear runway for stabilized workforce housing cash flow in the near term, with the potential for long-term strategic repositioning upon expiration. Investors can capitalize on strong rental demand in the urban core while implementing interior and exterior upgrades to drive rents within the allowable thresholds. Chestnut Flats is ideally suited for experienced value-add and distressed asset investors seeking: - A discount-to-replacement-cost acquisition - Renovation with meaningful upside - Lease-up opportunity in a high-demand submarket - Proximity to Downtown, WeHo, and major employment hubs Surrounded by ongoing redevelopment, adaptive reuse projects, and continued population growth, the property benefits from its location within one of Nashville’s most rapidly appreciating urban corridors.

MLS® Number3226347

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1969

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Map

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