151 Dellway Dr, Nashville, TN 37207

• 1,368 sqft

Property 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.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

March 25, 2026 at 4:18AM

Listing Office:

eXp Realty : 6152433567

Listing Agent:

Dennis Sanders : 6152433567

MLS ID:

3154879

Interior

• Laundry: IndividualElectric Dryer HookupWasher Hookup
• Flooring: WoodLuxury VinylTileVinyl
• A/C: Central AirElectric
• Heating: CentralElectric

Exterior

• Parking: DrivewayGravelParking spaces: 6

Construction

• Roofing: Shingle
• General: One

Location

• Originating MLS: realtrac
• County: Davidson CountyTN

Lot

• Zoning: Rs1006016010000
• View: CityView

Utilities

• Utilities: Electricity AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: realtrac