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151 Dellway Dr, 
Nashville, TN 37207

$479,900


Bed


Bath


1,368

Sq Ft


Multi-Family

Active

Listed by

Dennis Sanders

eXp Realty

888-519-5113

Last updated:

April 10, 2026, 02:32 PM

MLS#

3154879

Source:

NASHVILLE

About This Home

151 Dellway Dr

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.

Home Facts

Multi-Family

Built in 1949

Price Summary

479,900

$350 per Sq. Ft.

MLS #:

3154879

Last Updated:

April 10, 2026, 02:32 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

1,368 Sq. Ft.


Structure

Structure

Building Area:

1,368 Sq. Ft.

Year Built:

1949


Finances & Disclosures

Finances

Price:

$479,900

Price per Sq. Ft:

$350 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.