1018 1st Ave N, Nashville, TN 37201, Nashville, 37201 - 1 bed, 1 bath
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Nashville, TN 37201
This Turnkey STR NOO Investment Asset is listed at $414,900, carrying a strategic premium over the $358,085 Fair Market Value due to its rare Non-Owner Occupied Short-Term Rental approval and DTC Zoning. Boasting a Condition Rating of 3, the unit features modern wood-look flooring, updated paint, and River and City Skyline views. Residents benefit from a pool, patio, and exceptional walkability to Broadway and Nissan Stadium. This high-demand asset is a strategic acquisition for Short-Term Rental Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1018 1st Ave N Subject | $414,900* List Price | 1 | 1 | 630 | $568 | - |
A 740 1st Ave N Sold | $400,000 | 1 | 1 | 630 | $635 | 0.1 mi |
B 1028 1st Ave N Active | $375,000 List Price | 1 | 1 | 630 | $595 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, which is essential for its approved use as a short-term rental (STR). Although built in 1986, the interior has been refreshed with modern wood-look flooring, updated paint, and contemporary light fixtures. The kitchen retains older oak-style cabinetry and white appliances which are functional but dated, yet the overall presentation and lack of deferred maintenance qualify it for a 'good' rating.
The property is Non-Owner Occupied Short-Term Rental (STR NOO) approved, offering significant investment potential and high yield opportunities in Nashville's lucrative tourism market.
Situated in the heart of downtown Nashville, the property provides immediate access to world-renowned music venues, dining, and cultural landmarks, ensuring high demand for both guests and residents.
The central Riverfront location boasts an exceptional walk score, allowing for a car-free lifestyle just steps away from the city's most vibrant entertainment districts.
Constructed in 1986, the building may require more capital expenditure for maintenance or modern upgrades compared to the newer luxury high-rises in the surrounding area.
At 630 square feet, the unit offers a relatively small footprint, which may limit its appeal to long-term tenants or travelers seeking more spacious accommodations.
Nestled in the heart of Nashville’s dynamic and rapidly growing downtown district, with the perfect blend of convenience and sophistication. You’ll be just steps away from renowned restaurants, live music venues, cultural landmarks, and the bustling nightlife that makes Nashville famous. STR NOO approved.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 630 | 1,009 | 11% |
| Lot Size | 436 | 871 | 28% |
| Price | $414.9K | $838.8K | 28% |
| Price per sq ft | $659 | $647 | 50% |
| Built year | 1986 | 2008 | 28% |
| HOA | $394 | $715 | 22% |
| Days on market | 257 | 272 | 50% |
Aug 8, 2025
$414,900
Initial Listing