1014 16th Avenue S 202, Nashville, TN 37212, Nashville, 37212 - 2 bed, 2 bath
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1014 16th Avenue S 202
Nashville, TN 37212
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
932Sq Ft
0Lot Size
Property Price
LIST PRICE$735,000
EST. MARKET VALUE
$670,527
9% AboveMARKET VALUE
SUMMARY
This Non-Owner Occupied STR Eligible Asset is a Strong Value Opportunity, listed at $735,000—positioned above the $670,528 Fair Market Value. While priced at a premium, the property offers a turnkey Mint Condition Rating and is purpose-built for high-performing nightly rentals. Featuring panoramic downtown skyline views, a private pool, and fitness center, this unit captures consistent demand near Vanderbilt and Belmont. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a high-yield, low-maintenance Nashville investment.
Estimated Market Value
$670,527
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1014 16th Avenue S 202 Subject | $735,000* List Price | 2 | 2 | 932 | $719 | - |
A 1014 16th Ave S 211 Sold | $565,000 | 2 | 1 | 673 | $840 | 0.0 mi |
B 1706 18th Ave S 112 Sold | $525,000 | 2 | 2 | 936 | $561 | 0.6 mi |
C 1014 16th Avenue S 309(B3) Active | $825,000 List Price | 2 | 2 | 932 | $885 | 0.0 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.
This is a brand-new construction completed in late 2024. As a new build, all systems (HVAC, electric, plumbing) and interior finishes in the kitchen and baths are in mint condition, meeting the criteria for a property less than 10 years old with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- STR Investment Potential
The property is non-owner occupied Short-Term Rental (STR) eligible, offering a turnkey opportunity for high-performing nightly rental income in a sought-after Nashville market.
- Prime Music Row Location
Situated in the heart of Music Row, the condo boasts exceptional proximity to Vanderbilt University, Belmont University, and major entertainment hubs like The Gulch and Broadway.
- Luxury Resort Amenities
Residents enjoy premium boutique amenities including a private pool, fitness center, enclosed garage parking, and a sprawling outdoor patio with panoramic downtown views.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $643 is relatively high for a sub-1,000 square foot unit, which may impact the overall net yield for investment-focused buyers.
- Limited Square Footage
With only 932 square feet for a two-bedroom, two-bathroom configuration, the living spaces may feel constrained for larger groups or long-term occupants.
About 1014 16th Avenue S 202
SEC SEASON IS ALMOST HERE! Stay and plan your ideal investment property in the Heart of Music Row Nashville. Completed late 2024, Crescendo Music Row remains the best in class non-owner occupied STR eligible property built to date with strong nightly rental. Whether you are looking for a full time or part-time residence, seeking a proven adaptable investment or a high-performing 1031 exchange option you will find it at Crescendo! A boutique collection of 46 condos with the quality, flexibility, amenities and location that cannot be beat. Resort style amenities make you want to stay put while the location is perfect to explore all there is to see, do & hear in Nashville. Take in panoramic sunsets and downtown views from the sprawling outdoor patio and owners lounge. Enjoy free parking in enclosed garage, private pool and fitness center. Plus, strong nightly-rental demand given its perfect proximity to Vanderbilt and Belmont University campuses, Vanderbilt University Medical Center, the Gulch, 12 South and minutes from Broadway and Downtown.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2024
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $643 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 932 | 1,009.207 |
| Lot Size | - | 871 |
| Price | $735.0K | $339.9K |
| Price per sq ft | $789 | $344 |
| Built year | 2024 | 2007 |
| HOA | $643 | $329 |
| Days on market | 1835 | 91 |
Pricing History
Listed for Sale
Aug 31, 2021
$735,000
Initial Listing