151 Dellway Dr, Nashville, Tennessee 37207
TN, Nashville-
Active Status
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9 Dayz On Cribz Total Days
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Residential Income Property Type
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1368 Total Sqft $351/sqft
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1949 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
Income producing duplex just 3 miles from Downtown Nashville offering strong in place returns, proven rent growth, and long term upside. Each unit features 2 bedrooms and 1 bathroom, creating a flexible setup for investors or owner occupants looking to offset their mortgage with rental income.
The property is fully leased and professionally managed, making it a true turnkey opportunity from day one. Current financials show $40,800 in gross income and approximately $38,400 net operating income, with consistent performance driven by location and demand. During current ownership, rents have increased significantly and still show room for future growth.
One unit previously operated as a short term rental and has since been converted to long term, offering optionality for future use depending on investment strategy. Whether your focus is stable cash flow, mid term rentals, or revisiting short term potential, the layout supports multiple paths.
Positioned just off Ellington Parkway between Dickerson Pike and East Nashville, the property provides a quick and convenient commute to Downtown, helping drive tenant demand and long term stability.
Listed below last appraisal using the income method, creating a compelling opportunity for investors seeking immediate returns with built in equity potential. Prior appraisal is available on request.
Situated on a deep lot in an established neighborhood with no HOA, this property combines location, income, and flexibility in one of Nashville’s most accessible and consistently performing rental corridors.
- Property Type: Residential Income
- Listing Type: For Sale
- MLS #: 3154879
- Price: $479,900
- View: City
- Square Footage: 1,368 Sqft
- Year Built: 1949
- Office Name: eXp Realty
- Agent Name: Dennis Sanders
- Property Attached: Yes
- Roof: Shingle
- Listing Status: Active
- Street Number: 151
- Street: Dellway Dr
- City Nashville
- State TN
- Zipcode 37207
- County Davidson County, TN
- Subdivision Joywood Heights
- Zoning: Rs10
- Directions: From Nissan Stadium: Turn left onto S 1st St. Merge onto US-31W N/US-41 N/US-431 N/Dickerson Pike, and continue for 2.4 miles. Turn right onto Dellway Dr (NOT DELLWAY CT). Home will be on your left.
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Heating System Central, Electric
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Cooling System Central Air, Electric
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Parking Driveway, Gravel
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Utilities Electricity Available, Water Available
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Flooring Wood, Luxury Vinyl, Tile, Vinyl
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Laundry Features Electric Dryer Hookup, Washer Hookup, Individual
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Sewer Public Sewer
- Elementary School: Tom Joy Elementary
- Middle School: Jere Baxter Middle
- High School: Maplewood Comp High School
- Water Source: Public
- Building Size: 1,368 Sqft
- Construction Materials: Hardboard Siding
- Levels: One
- Lot Size Dimensions: 75 X 290
- Number Of Units Total: 2
- On Market Date: March 19th, 2026
- Previous Price: $479,900
- Rent Includes: Other
- Stories: 1
- Annual Tax Amount: $5,644
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Mar 19th, 2026 @ 5:42pm
- Status Change Timestamp: Mar 19th, 2026 @ 5:40pm
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