1022 1st Ave N, Nashville, TN 37201, Nashville, 37201 - 2 bed, 2 bath
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Nashville, TN 37201
This property presents a High-Potential Investment Opportunity, listed at $615,000—positioned above the $556,686 Fair Market Value. While priced at a premium, this turnkey NOO STR asset features a proven track record with over $44,000 in 2026 bookings. Boasting a Condition Rating of 3, the unit includes engineered hardwood flooring and a newly updated balcony with scenic Cumberland River views. Its prime location near Broadway and Nissan Stadium ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 1st Ave N Subject | $615,000* List Price | 2 | 2 | 938 | $593 | - |
A 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.0 mi |
B 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.0 mi |
C 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.
While built in 1986, the property is well-maintained and features significant interior updates including engineered hardwood flooring, stainless steel appliances, and tile in the bathrooms. It is marketed as a turnkey, move-in ready unit, suggesting a renovation age within the 5-15 year range.
This property is a proven Non-Owner Occupied Short-Term Rental (NOO STR) with over $44,000 in bookings already secured for 2026, offering immediate cash flow and a turnkey opportunity for investors.
Ideally situated within walking distance to Broadway, Nissan Stadium, and Topgolf, the unit benefits from high demand driven by its proximity to Nashville's premier entertainment and dining hubs.
As a desirable second-floor end unit, the property features a newly updated balcony overlooking the Cumberland River, providing a premium aesthetic and competitive edge in the rental market.
The association fee of $592 per month is relatively high for a 938-square-foot unit, which may impact the overall net operating income and cap rate for potential buyers.
Built in 1986, the building's age may necessitate higher long-term maintenance costs or future special assessments compared to the newer luxury developments currently rising in the surrounding area.
Turnkey income-producing NOO STR Airbnb opportunity on the Cumberland River! This desirable second-floor end unit is being offered fully furnished with thoughtfully curated furnishings and décor. Interior features include engineered hardwood flooring throughout, tile in both bathrooms, and a newly updated balcony. Community amenities include a pool, fitness center, laundry facilities, fire pit, and abundant covered parking. Ideally located within walking distance to Broadway, Nissan Stadium, Topgolf, and the Farmers Market, with major redevelopment underway nearby bringing additional dining, entertainment, and conveniences. Strong year-round occupancy with a proven history of consistent bookings and high demand with over $44,000 on the books for 2026 so far!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 938 | 1,090 | 25% |
| Lot Size | 871 | 871 | 50% |
| Price | $615.0K | $883.8K | 38% |
| Price per sq ft | $656 | $678 | 50% |
| Built year | 1986 | 2008 | 25% |
| HOA | $592 | $760 | 31% |
| Days on market | 39 | 304 | 6% |
May 7, 2026
$615,000
Initial Listing