Property details
Description of 407 Russell St, Nashville, TN 37206
Vacant commercial Land zone COM! Rare! Downtown views - TWO lots 407 / 409 Russell St. MDHA Redevelopment / Eastbank Overlay / Imagine EastBank corridor.
Listing updated:
Zoned schools: Warner Elementary Enhanced Option, Stratford STEM Magnet School Lower Campus, Stratford STEM Magnet School Upper Campus (verify current zoning with the district).
Vacant commercial Land zone COM! Rare! Downtown views - TWO lots 407 / 409 Russell St. MDHA Redevelopment / Eastbank Overlay / Imagine EastBank corridor.
| LAST UPDATED | 9/14/2023 | TRACT | Houston |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | Davidson |
| STATUS | Sold | PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Warner Elementary Enhanced Option |
|---|---|
| Jr. High School | Stratford STEM Magnet School Lower Campus |
| High School | Stratford STEM Magnet School Upper Campus |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| HEAT | None |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 54 X 170 |
| SUBDIVISION | Houston |
| TAXES | 2799 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
Properties marked with the MTRMLS approved logo are provided courtesy of the RealTracs Internet Data Exchange Program
Copyright 2026 MTRMLS, Inc.
Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this lot
407 Russell St, Nashville, TN 37206 is a lot in Nashville, TN 37206, offered at $925,000.
How is it priced in Nashville?
Nashville 37206 homes: a seller's market as of 07-15-2026. About 3 months of supply, 98.6% sale-to-list.
| Active listings | 248 |
|---|---|
| Median list price | $750,000 |
| Median $/sqft (list) | $357 |
| Homes closed (24-mo) | 502 |
| Median closed price | $765,000 |
| Average closed price | $771,796 |
| Sale-to-list | 98.6% |
| Months of supply | 3 |
As of (248 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
Financing this lot
Lot and land purchases are typically funded with cash, a lot/land loan, or a construction loan rather than a standard 30-year mortgage; terms, rates, and down payment vary by lender and use. Ask Grant Hammond about financing options for this parcel.
Frequently asked questions
How are lot and land purchases financed?
Lot and land purchases are typically funded with cash, a lot or land loan, or a construction loan rather than a standard 30-year mortgage; terms and down payment vary by lender and intended use. Contact Grant Hammond, Compass RE, to discuss options for 407 Russell St.
Can you build on 407 Russell St?
Buildability depends on the parcel's zoning, utility availability, topography, and any deed or HOA restrictions, confirmed parcel by parcel with Metro Planning and the utility providers. Verify zoning and utilities before relying on them; contact Grant Hammond for what is known about this parcel.
How much does 407 Russell St cost?
407 Russell St is listed at $925,000 (as of 09-14-2023).
What are the property taxes on 407 Russell St?
The annual property tax reported for 407 Russell St is about $2,799 (as reported on the listing, as of 09-14-2023).
Is Nashville a buyer's or seller's market?
Nashville is currently a seller's market, with about 3 months of supply, 98.6% sale-to-list. The median list price is around $750,000 (as of 07-15-2026, RealTracs via IDX).
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Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.
