
Nashville, TN 37208
This High-Potential Investment Opportunity is a turnkey, commercially zoned NOO STR Asset listed at $1,169,000, positioned near the $1,189,972 Fair Market Value. Featuring an Excellent Condition Rating following a 2026 renovation, this 4-bedroom townhouse offers a rooftop deck with skyline views and an active STR permit. With projected gross revenues up to $131,000 and significant bonus depreciation potential, this property provides immediate operational stability. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a high-performing, professionally managed Nashville asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1037C Scovel St Subject 4 bd · 4 ba · 2,133 sqft · $558 | $1,169,000* List Price | 4 | 4 | 2,133 | $558 | - |
A 1204 7th Ave N Sold 2 bd · 3 ba · 1,962 sqft · $556 · 0.4 mi | $1,090,000 | 2 | 3 | 1,962 | $556 | 0.4 mi |
B 408E Hume St Active 3 bd · 4 ba · 2,392 sqft · $627 · 0.7 mi | $1,499,900 List Price | 3 | 4 | 2,392 | $627 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020 and newly renovated in 2026, this property is in mint condition. It features designer finishes, modern en-suite bathrooms, and updated systems, requiring no maintenance.
Commercially zoned (DTC) with an active permit and proven revenue history, this property offers a rare, ready-to-operate short-term rental opportunity in a high-demand Nashville market.
Features four en-suite bedrooms sleeping up to 12 guests, a rooftop deck with skyline views, and designer finishes, making it perfectly tailored for the lucrative group travel segment.
The property qualifies for substantial first-year bonus depreciation (estimated up to $285,000) and is eligible for 1031 exchanges, enhancing its appeal for sophisticated investors.
With a list price of $1,169,000, the property carries a high acquisition cost that requires consistent top-tier occupancy and management to maintain projected capitalization rates.
As a townhouse within the Scovel Row subdivision, the property involves monthly association fees and shared walls, which may limit long-term autonomy compared to detached single-family assets.
Rare opportunity to acquire a high-performing turnkey NOO STR investment in the heart of Nashville. This commercially zoned, 4-bedroom, 4-bath property is zoned DTC with an active STR permit and is being sold fully furnished, ready to operate from day one. Newly renovated and under new professional management as of 2026, the property is positioned for strong performance, with projected annual gross revenue of $107,000 - $131,000 based on past performance and comparable nearby short-term rentals. Future bookings can convey with the sale. Full comp analysis available upon request. Ideally positioned less than two miles from Broadway and The Gulch and minutes from Germantown. Designed for group travel, the three-level layout sleeps 12 and features 4 en-suite bedrooms, designer finishes, garage parking, and a rooftop deck with a fire pit and Capitol and downtown skyline views. Known on Airbnb as “The Velvet Spur – Skyline Views, Rooftop Fire Pit”, the property holds a 4.94-star average rating and Airbnb's Guest Favorite designation. Furnishings and décor convey, and professional management is in place and available to continue. At the current asking price, a cost segregation study could support an estimated $238,000 - $285,000 in first-year bonus depreciation. The property may also suit investors pursuing a 1031 exchange. Disclaimer: Illustrative estimate only and not tax advice. Actual results depend on the purchase allocation, the buyer's tax situation, and passive activity rules. Buyers should consult their CPA or tax advisor. Ask your agent for the Airbnb listing, detailed performance history, and the complete STR investment package, including revenue projections and bonus depreciation estimates. Search Terms: NOOSTR, N.O.O. STR, non-owner occupied, STRP, vacation rental, VRBO, investment property, income property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,133 | 1,551.684 |
| Lot Size | 871 | 871 |
| Price | $1.17M | $365.8K |
| Price per sq ft | $548 | $238 |
| Built year | 2020 | 2003 |
| HOA | $265 | $260 |
| Days on market | 22 | 83 |
Oct 2, 2026
$1,169,000
Initial Listing