Property details
Description of 112 Rains Ave
Sale includes 112 & 114 Rains Ave. Exciting Opportunity in Wedgewood-Houston to Purchase 2 Contiguous Lots. Developments will have Downtown Views - Zoned Commercial - Qualified Opportunity Zone - In the middle of Wedgewood-Houston's newest developments. The price includes 112 & 114 Rains Ave. Agent related to Seller
Listing updated: 2026-07-27
About this property
112 Rains Ave is a property in Nashville, TN 37203, last listed at $2,400,000.
Recently sold in Nashville 37203: 12 comparable homes from $1,450,000 to $2,450,000, a median of $499/sq ft.
Price & sale history
- Last sold for $2,250,000 in July 2026. Listed at $2,400,000, about 7% above the last recorded sale.
- 32 days on market (tracked since Jun 21, 2026).
Last sale & county assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
How is it priced in Nashville?
Nashville 37203 homes: a buyer's market as of 09-10-2026. About 15.9 months of supply, 97.5% sale-to-list.
Buyer's market
Full Nashville 37203 market detail
| Active listings | 400 |
|---|---|
| Median list price | $699,900 |
| Median $/sqft (list) | $599 |
| Homes closed (12-mo) | 301 |
| Median closed price | $635,000 |
| Average closed price | $782,977 |
| Sale-to-list | 97.5% |
| Months of supply | 15.9 |
As of (400 active listings). Source: Realtracs via IDX. Analysis by Grant Hammond.
What's your Nashville 37203 home worth? Get a free local valuation →
Financing this property
Five-plus-unit and commercial properties are financed with a commercial loan, not a conforming 30-year mortgage: DSCR-underwritten, typically 20-30% down on a 20-25-year amortization (often a 5/7/10-year term), and qualified on net operating income (NOI), not personal income. Ask Grant Hammond about financing and to request the rent roll and operating statement.
Frequently asked questions
How is 112 Rains Ave financed?
Five-plus-unit and commercial properties use a commercial loan -- commonly DSCR-underwritten on the property's net operating income, typically with 20-30% down on a 20-25-year amortization -- not a conforming 30-year mortgage. Contact Grant Hammond, Compass RE, about financing.
What is the cap rate or rent roll for 112 Rains Ave?
Cap rate, net operating income, and gross rent multiplier depend on the current rents and operating expenses, which are not included in the public listing data. Contact Grant Hammond, Compass RE, for the rent roll and operating statement.
How much does 112 Rains Ave cost?
112 Rains Ave is listed at $2,400,000 (as of 07-27-2026).
How big is the lot for 112 Rains Ave?
112 Rains Ave sits on a 0.68-acre lot, measuring approximately 29,621 sqft (per the listing).
Is Nashville a buyer's or seller's market?
Nashville is currently a buyer's market, with about 15.9 months of supply, 97.5% sale-to-list. The median list price is around $699,900 (as of 09-10-2026, 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.