
Nashville, TN 37206
This Turnkey Townhouse presents a Strong Value Opportunity, listed at $795,000—positioned well above the $776,430 Fair Market Value by 2%. While the property carries a premium, its Mint Condition Rating and nine-year history as a successful short-term rental provide immediate operational stability. Featuring a modern open-concept kitchen, hardwood flooring, and a private deck, this end-unit offers a rare blend of privacy and walkability to 5 Points. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, low-maintenance Nashville residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1429 Shelby Ave Subject | $795,000* List Price | 3 | 4 | 2,565 | $303 | - |
A 208D Myrtle St Active | $620,000 List Price | 3 | 4 | 1,940 | $320 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is under 10 years old and presents in mint condition. The interior features a modern open-concept kitchen with stainless steel appliances, shaker cabinetry, and granite countertops, alongside contemporary lighting and hardwood flooring throughout, requiring no maintenance.
Situated in the heart of East Nashville's Lockeland Terrace, this property offers exceptional walkability to the vibrant 5 Points area, providing immediate access to top-tier dining, shopping, and nightlife.
With a documented nine-year history as a successful income-producing short-term rental, this property offers a turnkey opportunity for investors seeking a proven track record in a high-demand market.
As a light-filled end unit featuring over 2,500 square feet, multiple covered porches, and a rare two-car garage, the home provides the privacy and space typically reserved for single-family residences.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1175.
Having been on the market for 147 days, the property may face perception issues regarding its pricing strategy or underlying demand compared to faster-moving local inventory.
The property is zoned for schools with lower academic ratings, specifically Stratford Comp High School which is rated 2/10, potentially deterring families prioritizing public education quality.
Experience the best of East Nashville living at 1429 Shelby Ave, a spacious end-unit townhome offering abundant natural light, multiple outdoor spaces, and exceptional walkability. The open-concept main level flows effortlessly between the kitchen, dining, and living areas, creating an inviting space for everyday living and entertaining. Multiple covered porches extend the living space outdoors, with mature trees providing a surprising sense of privacy in the heart of the city. Beautiful primary suite with private deck, laundry room and butlers pantry. A two-car garage plus convenient guest parking adds everyday ease. Walk to 5 Points and enjoy one of Nashville’s most vibrant neighborhoods, with dining, coffee, shopping, and nightlife just minutes from your door. Offering both lifestyle and flexibility, the property also has a nine-year history as a successful income-producing short-term rental. A rare opportunity to own a light-filled end unit in one of East Nashville’s most desirable locations.
No exterior & parking available.
Grades PK-4 • 0.8 mi
Grades PK-4 • 1.8 mi
Grades 5-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,565 | 1,538.436 |
| Lot Size | 871 | 871 |
| Price | $795.0K | $358.6K |
| Price per sq ft | $310 | $240 |
| Built year | 2017 | 2004 |
| HOA | $155 | $250 |
| Days on market | 148 | 79 |
Apr 14, 2026
$795,000
Initial Listing