1001B 51st Ave, N, Nashville, TN 37209, Nashville, 37209 - 4 bed, 5 bath
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1001B 51st Ave
N, Nashville, TN 37209
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
2,574Sq Ft
871Lot Size
Property Price
LIST PRICE$680,000
EST. MARKET VALUE
$690,685
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $680,000—positioned well below the $690,685 Fair Market Value by 1.5%. This valuation gap offers $10,685 in Instant Equity. Featuring a Condition Rating of 2, this 2020-built NOO STR permitted asset offers a 5.3% cap rate in the heart of The Nations. Its modern 4-bed, 5-bath layout is optimized for high-occupancy rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate cash flow.
Estimated Market Value
$690,685
Based on Realkey algorithm analyzing recent comparable sales in N.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001B 51st Ave Subject 4 bd · 5 ba · 2,574 sqft · $268 | $680,000* List Price | 4 | 5 | 2,574 | $268 | - |
A 828 42nd Ave N Sold 3 bd · 3 ba · 2,511 sqft · $219 · 0.7 mi | $549,000 | 3 | 3 | 2,511 | $219 | 0.7 mi |
B 824 42nd Ave N Sold 3 bd · 3 ba · 2,532 sqft · $217 · 0.7 mi | $549,000 | 3 | 3 | 2,532 | $217 | 0.7 mi |
C 342 Hutcherson Aly Sold 4 bd · 4 ba · 2,161 sqft · $264 · 0.7 mi | $570,000 | 4 | 4 | 2,161 | $264 | 0.7 mi |
D 4902B Illinois Ave Active 4 bd · 4 ba · 2,524 sqft · $317 · 0.2 mi | $799,000 List Price | 4 | 4 | 2,524 | $317 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and remains in mint condition. The exterior and interior show no signs of deferred maintenance, featuring modern flooring, updated bathrooms, and contemporary systems well-suited for an active short-term rental.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Viability
The property features a rare transferable Non-Owner Occupied Short Term Rental (NOO STR) permit and a 5.3% cap rate, offering a turnkey opportunity for immediate cash flow.
- Prime Location
Situated in the heart of The Nations, one of Nashville's most popular neighborhoods, the property is just 10 minutes from Downtown and surrounded by trendy retail and dining.
- Modern High-Capacity Layout
Built in 2020, the 4-bedroom, 5-bathroom configuration is specifically designed to maximize rental occupancy and guest privacy, enhancing its appeal as a short-term rental.
CONSRISKS & DEFICIENCIES
- Minimal Lot Size
With a lot size of only 871 square feet, the property offers very limited private outdoor space, which may be a drawback for guests seeking yard amenities.
- Market Stagnation
The property has been on the market for 51 days, which may suggest that the current list price is at the upper limit of what the market will currently absorb for this asset type.
About 1001B 51st Ave
5.3% cap rate! NOO STR transferrable permit. We are pleased to present 1001B 51st Ave for sale. This active short term rental is commercially zoned for non-owner occupied short term rental status. This property is located in the heart of the Nations, a highly sought after neighborhood just 10 minutes from Downtown Nashville. This property is conveniently located near tourism, event venues, retail, restaurants, schools, hospitals, and all desired commerce that aid in the success of an investment property.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2020
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,574 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $680.0K | $347.6K |
| Price per sq ft | $264 | $343 |
| Built year | 2020 | 2007 |
| HOA | $0 | $334 |
| Days on market | 78 | 92 |
Pricing History
Listed for Sale
Aug 7, 2026
$680,000
Initial Listing