109 N 9th St 3, Nashville, TN 37206, Nashville, 37206 - 5 bed, 4 bath
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109 N 9th St 3
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
2,156Sq Ft
871Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$741,804
7% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 5-bedroom Stock Cooperative listed at $799,000, positioned well below the $741,804 Fair Market Value by -7%. As a permitted NOO STR with over $100,000 in 2025 gross revenue, this asset offers a proven track record in a high-demand, walkable East Nashville location. Featuring a Mint Condition Rating and a private deck, the property is optimized for large groups. This is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking an established, income-producing asset.
Estimated Market Value
$741,804
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 |
|---|---|---|---|---|---|---|
★ 109 N 9th St 3 Subject | $799,000* List Price | 5 | 4 | 2,156 | $344 | - |
A 1111 Petway Ave Sold | $687,500 | 4 | 4 | 2,618 | $263 | 0.9 mi |
B 1109 Petway Ave Sold | $687,500 | 3 | 3 | 2,580 | $266 | 0.9 mi |
C 110 Myrtle St Unit E Active | $699,999 List Price | 4 | 4 | 2,087 | $335 | 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.
Built in 2020, this property is less than 10 years old and remains in mint condition. The bathrooms feature modern vanities, quartz countertops, contemporary tile, and black fixtures. The exterior and interior finishes are high-end and show no signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Proven Income Performance
The property is a rare, permitted Non-Owner Occupied Short-Term Rental (NOO STR) with a documented track record of over $100,000 in gross revenue for 2025.
- High-Demand Location
Situated in a highly walkable pocket of East Nashville, the home is steps from Main Street and strategically positioned near the new Stadium and East Bank development.
- Optimized Rental Layout
The five-bedroom configuration is specifically designed to accommodate large groups, maximizing occupancy potential and nightly rates in the Nashville tourism market.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The property is served by local schools with generally low performance ratings, which may limit its appeal to traditional long-term family buyers.
- Minimal Lot and Ownership Type
The very small lot size and 'Stock Cooperative' designation may result in more restrictive financing options and limited private outdoor space compared to traditional fee-simple homes.
About 109 N 9th St 3
Located in the heart of walkable East Nashville, this 5-bedroom property is permitted as a Non-Owner Occupied Short-Term Rental (NOO STR) and grossed more than $100,000 in rental revenue in 2025. Just steps from Main Street’s popular restaurants, bars and entertainment, and within walking distance of the new Stadium and East Bank development, the location is hard to beat. The five-bedroom layout accommodates larger groups and helps the property stand out in Nashville’s short-term rental market. With proven rental performance, a desirable NOO STR permit, and an exceptional location just minutes from Downtown, this is an outstanding opportunity to own an established income-producing property. All future bookings transferable to the new owner.
Property Details
Public Facts
- Property Type
- Stock Cooperative
- Year Built
- 2020
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Warner Elementary Enhanced Option School
Grades PK-4 • 0.5 mi
5/10
Caldwell Enhanced Option
Grades PK-4 • 0.7 mi
2/10
Kirkpatrick Elementary Enhanced Option
Grades PK-4 • 0.8 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 3.5 |
| Square foot | 2,156 | 2,315.405 |
| Lot Size | 871 | 1,307 |
| Price | $799.0K | $716.1K |
| Price per sq ft | $371 | $313 |
| Built year | 2020 | 2020 |
| HOA | $0 | $197 |
| Days on market | 22 | 87 |
Pricing History
Listed for Sale
Aug 18, 2026
$799,000
Initial Listing