1216 Preston Dr, Nashville, TN 37206 (MLS # 3186931)
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Beautifully renovated mid-century ranch in the heart of East Nashville offering a rare blend of flexibility and income potential. Featuring 4 bedrooms and 2 full baths, this home is thoughtfully configured with 3 bedrooms and 1 bath on the main level, plus a fully separate walk-out basement apartment with 1 bedroom, 1 bath, kitchenette, living area, and private entrance. Ideal for short-term rental or extended stay, the lower level presents an opportunity to generate substantial income that could offset a significant portion"”potentially even the entirety"”of the mortgage. For those not seeking rental income, the basement offers exceptional versatility as a music studio, in-law suite, home office, gym, or creative space. The home also features a brand-new kitchen, updated baths, fresh paint, modern lighting, and an attached garage. Situated on an oversized lot just over half an acre"”extending beyond the rear picket fence to the neighboring privacy fence"”and zoned for sought-after Rosebank Elementary, this property combines space, location, and lifestyle in one compelling offering.
| LAST UPDATED | 5/3/2026 | TRACT | Rosebank |
|---|---|---|---|
| YEAR BUILT | 1959 | GARAGE SPACES | 2.0 |
| COUNTY | Davidson | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Rosebank Elementary |
|---|---|
| Jr. High School | Stratford STEM Magnet School Lower Campus |
| High School | Stratford STEM Magnet School Upper Campus |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer |
| BASEMENT | Apartment, Finished, Full, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Electric |
| INTERIOR | Ceiling Fan(s), In-Law Floorplan, Open Floorplan |
| LOT | 0.55 acre(s) |
| LOT DIMENSIONS | 100 X 260 |
| PARKING | Attached, Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Rosebank |
| TAXES | 4090 |
| UTILITIES | Electricity Available, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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