Active

151 Dellway Dr

Nashville, TN 37207

$479,900 $2,023/Mo

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Description

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 Details

Property Type : Residential Income

Price : $479,900

AD Id : 76296047

MLS Id : RTC3154879

Living Area Size : 1,368

Year Built : 1949

County : Davidson County

Subdivision: Joywood Heights

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Shingle Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup

Roofing Information

Shingle
Flooring Information

Flooring: Wood, Luxury Vinyl, Tile, Vinyl Construction Materials: Hardboard Siding
Heating & Cooling

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

Building Information

Year Built: 1949

Lot Information

Lot Dimensions: 75 X 290

Property Information

Property Type: Residential Income Structure Type: Duplex

Listing Price Information

Original List Price:$479900

Tax Information

Annual Tax: $5644 Parcel Number: 06016010000

Parking Information

Open Parking Spaces: 6 Total Parking: 6 Driveway, Gravel

School Information

Elementary School: Tom Joy Elementary Junior High School: Jere Baxter Middle Senior High School: Maplewood Comp High School
Utility Information

Electricity Available, Water Available Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: Joywood Heights City: Nashville Direction: 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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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
944 Chickasaw Ave, Nashville, TN, 37207	$395,000	2	1	900	900 SqFt
1515B Jewell St, Nashville, TN, 37207	$550,000	3	3	1,550	1,550 SqFt
3035 Edwin Cir, Nashville, TN, 37207	$499,999	2	2	1,412	1,412 SqFt
928 Chickasaw Ave, Nashville, TN, 37207	$455,000	3	2	1,106	1,106 SqFt
844 Cherokee Ave #11, Nashville, TN, 37207	$599,000	3	4	1,820	1,820 SqFt
2011 Oakwood Ave, Nashville, TN, 37207	$361,955	2	1	864	864 SqFt
3021 Edwin Cir, Nashville, TN, 37207	$649,900	3	3	2,082	2,082 SqFt
543 Norton Ave, Nashville, TN, 37207	$935,000	4	4	2,330	2,330 SqFt
909 Oneida Ave, Nashville, TN, 37207	$424,000	3	1	1,241	1,241 SqFt
538 Norton Ave, Nashville, TN, 37207	$419,900	3	2	1,394	1,394 SqFt

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ByOwner last updated this listing 06/08/2026 @ 18:20

MLS: REALTRAC #3154879 LISTED BY: Dennis Sanders, eXp Realty 888-519-5113 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)