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1216 Lewis St

Nashville, TN 37210
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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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,535,000

AD Id : 79732886

MLS Id : RTC3226347

Living Area Size : 16,258

Year Built : 1969

County : Davidson County

Subdivision: Old Fairgrounds

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Feature Features

  • Flooring Information

    Flooring: Bamboo Construction Materials: ICFs (Insulated Concrete Forms)
  • Heating & Cooling

    Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 1969

  • Lot Information

    Lot Dimensions: 145 X 191

    Property Information

    Property Type: Residential Income Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$2535000

  • Tax Information

    Annual Tax: $28383 Parcel Number: 10504026100

  • School Information

    Elementary School: John B. Whitsitt Elementary Junior High School: Cameron College Preparatory Senior High School: Glencliff High School
  • Utility Information

    Water Available Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: Old Fairgrounds City: Nashville Direction: From Nashville Head toward 6th Ave N, Take Commerce St to 4th Ave N, Continue on 4th Ave N. Take US-41 S/US-70S E/Lafayette St to Trimble St, Continue on Trimble St to your destination
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
511 Wanda Dr, Nashville, TN, 37210 $419,900 4 2 1,400 1,400 SqFt
1920 Meadow Cliff Dr, Nashville, TN, 37210 $290,000 3 2 1,293 1,293 SqFt
2120 Lebanon Pike #85, Nashville, TN, 37210 $359,900 3 3 1,596 1,596 SqFt
1926 Dahlia Dr, Nashville, TN, 37210 $250,000 2 1 814 814 SqFt
297 Clovernook Dr, Nashville, TN, 37210 $699,900 4 3 2,555 2,555 SqFt
249 Clovernook Dr, Nashville, TN, 37210 $550,000 3 3 2,030 2,030 SqFt
1540 Lebanon Pike #311, Nashville, TN, 37210 $245,000 1 1 635 635 SqFt
1540 Lebanon Pike #414, Nashville, TN, 37210 $277,000 1 1 649 649 SqFt
1518 Spence Ct, Nashville, TN, 37210 $299,900 2 1 800 800 SqFt
108 Stirton Rd, Nashville, TN, 37210 $347,000 3 1 950 950 SqFt
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Based on information submitted to the MLS GRID as of 07/11/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 07/11/2026 @ 06:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


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ByOwner last updated this listing 07/11/2026 @ 06:20

MLS: REALTRAC #3226347 LISTED BY: Kunal Patel, SVN Accel Commercial Real Estate 615-671-4544 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)

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