1020B 40th Ave N, Nashville, TN 37209, Nashville, 37209 - 2 bed, 2 bath
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1020B 40th Ave N
Nashville, TN 37209
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
870Sq Ft
436Lot Size
Property Price
LIST PRICE$314,500
EST. MARKET VALUE
$314,500
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $325,000, which aligns perfectly with its $325,000 Fair Market Value. Built in 2018, the property maintains an Excellent Condition Rating, featuring modern white shaker cabinetry and contemporary stone-patterned countertops. Its location in The Nations offers a vibrant lifestyle with proximity to major medical centers and dining. With No HOA Fees, this residence provides a rare, cost-effective entry point into a high-growth market, making it an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Estimated Market Value
$314,500
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 |
|---|---|---|---|---|---|---|
★ 1020B 40th Ave N Subject | $314,500* List Price | 2 | 2 | 870 | $361 | - |
A 1638 54th Ave N 228 Sold | $355,000 | 1 | 1 | 874 | $406 | 0.9 mi |
B 1638 54th Ave N 310 Sold | $285,000 | 1 | 1 | 692 | $412 | 0.9 mi |
C 505 Community Ct 301 Sold | $275,000 | 1 | 1 | 727 | $378 | 0.2 mi |
D 1638 54th Ave N 303 Sold | $364,900 | 1 | 1 | 875 | $417 | 0.9 mi |
E 505 Community Ct 103 Sold | $275,000 | 1 | 1 | 670 | $410 | 0.2 mi |
F 505 Community Ct 202 Active | $365,900 List Price | 2 | 2 | 1,017 | $360 | 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 2018, this property is well within the 10-year threshold for excellent condition. The interior showcases modern, high-quality finishes including white shaker cabinetry, stainless steel GE appliances, and contemporary stone-patterned countertops in the kitchen. The bathrooms feature updated tile surrounds with decorative niches and marble-look flooring. With neutral paint, clean baseboards, and modern flooring throughout, the home appears virtually new with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in The Nations, one of Nashville's most vibrant and fastest-growing neighborhoods, providing excellent proximity to trendy dining, shopping, and major medical centers.
- Modern Construction
Built in 2018, this residence offers contemporary finishes and updated building systems, ensuring lower maintenance costs and better energy efficiency than older area homes.
- No HOA Fees
The absence of monthly association fees is a rare and significant financial benefit for a condominium-style property, increasing overall affordability and reducing monthly carrying costs.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At just 870 square feet for a two-bedroom unit, the layout is quite compact, which may be a deterrent for buyers requiring more storage or generous living space.
- Extended Days on Market
With 77 days on the market and a history of price adjustments, the property may be facing challenges in buyer perception or stiff competition from newer inventory.
About 1020B 40th Ave N
New price! No HOA! Don’t miss this 2 bed, 1.5 bath condo in The Nations, minutes to downtown, TSU, hospitals and dining. Previously approved for short-term rental under seller’s Airbnb certificate. Buyers to verify. Seller incentives may be available with acceptable offer. Incredible location and value. Schedule your showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2018
- Lot Size
- 436 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 870 | 1,009.207 |
| Lot Size | 436 | 871 |
| Price | $314.5K | $339.9K |
| Price per sq ft | $361 | $344 |
| Built year | 2018 | 2007 |
| HOA | $0 | $329 |
| Days on market | 223 | 91 |
Pricing History
Listed for Sale
Jul 18, 2026
$314,500
$319,500
-2% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$319,500
$325,000
-2% Price Drop
Initial Listing
Price Change
May 10, 2026
$325,000
$330,000
-2% Price Drop
Initial Listing
Price Change
Jan 29, 2026
$330,000
Initial Listing