
Nashville, TN 37201
This Turnkey NOO STR Condo is a High-Potential Investment Opportunity, listed at $610,000—positioned well below the $678,298 Fair Market Value by 10%. This valuation gap provides $68,298 in Instant Equity. Maintaining a Condition Rating of 3, the unit offers Cumberland River views, a private deck, and a split floor plan optimized for guests. Located steps from Broadway and Nissan Stadium, it blends high-yield rental potential with a premier downtown lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-equity urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1002 1st Ave N Subject | $610,000* List Price | 2 | 2 | 996 | $681 | - |
A 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.0 mi |
B 934 1st Ave N Sold | $669,000 List Price | 2 | 2 | 996 | 0.0 mi | |
C 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.0 mi |
D 964 1st Ave N Active | $580,000 List Price | 2 | 2 | 996 | $582 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1986, the property is in move-in ready condition and has been significantly updated to serve as a turnkey short-term rental. The kitchen features modern stainless steel appliances, updated cabinetry, and a tile backsplash. The bathrooms have been refreshed with newer vanities and glass shower enclosures. The interior features consistent tile flooring and updated light fixtures, showing minimal wear and tear and no immediate need for renovation.
The property is eligible for Non-Owner Occupied Short-Term Rental permits, a highly lucrative and sought-after status in Nashville that maximizes income potential for investors.
Boasting an exceptional walkability score, the condo is steps from Broadway and Nissan Stadium, ensuring high demand from tourists and consistent occupancy year-round.
Sold fully furnished with a desirable two-bedroom, two-bath split floor plan, this unit offers a seamless transition for immediate rental operations without additional capital outlay.
The association fee of $591 per month is a significant recurring expense that potential investors must factor into their net ROI calculations.
Constructed in 1986, the property may face higher long-term maintenance requirements or lack the modern architectural features found in newer luxury downtown developments.
Turnkey NOO STR / NOO-STR eligible condo in one of Downtown Nashville’s most walkable and highest-demand locations. Two-bedroom, two-bath floor plans are among the most sought-after layouts for short-term rentals, offering strong appeal for Airbnb, VRBO, and flexible personal use. This first-floor Riverfront condo offers peaceful Cumberland River views, all while being just steps from Broadway, restaurants, and major entertainment. Walkable to Nissan Stadium, where the new stadium is expected to host approximately 48 events annually, supporting consistent year-round demand. Sold fully furnished for a true turnkey setup. The open layout provides a comfortable living area, well-appointed kitchen, and two private bedrooms with separate baths, ideal for guests, groups, or roommates. The Riverfront community checks every box an Airbnb owner could want, including a community pool, fitness center, riverfront setting, on-site laundry with brand new machines, covered parking, and walkable to almost all venues in the city. Major community updates have been completed, including new decks, adding long-term value. A rare opportunity combining location, views, high-demand floor plan, and income potential in the heart of Downtown Nashville.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 996 | 1,009 | 44% |
| Lot Size | 871 | 871 | 50% |
| Price | $610.0K | $838.8K | 44% |
| Price per sq ft | $612 | $624 | 50% |
| Built year | 1986 | 2008 | 28% |
| HOA | $591 | $715 | 39% |
| Days on market | 32 | 252 | 6% |
Mar 21, 2026
$610,000
Initial Listing