1429 Shelby Ave, Nashville, TN 37206, Nashville, 37206 - 3 bed, 4 bath
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Nashville, TN 37206
This Turnkey End-Unit Townhome is a High-Potential Investment Opportunity, listed at $844,400—positioned slightly above the $830,742 Fair Market Value. While the price reflects its premium location, the property maintains a Condition Rating of 2, featuring a modern open-concept kitchen and hardwood floors. With a proven nine-year track record as a successful short-term rental, this asset offers immediate income potential. Its walkability to East Nashville’s dining hubs makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a vibrant, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1429 Shelby Ave Subject | $844,400* List Price | 3 | 4 | 2,565 | $324 | - |
A 1004 Russell St 4 Sold | $689,000 List Price | 3 | 4 | 1,712 | 0.5 mi | |
B 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 9 years old, falling within the under 10-year threshold for excellent condition. The interior features a modern open-concept kitchen with stainless steel appliances, subway tile backsplash, and granite countertops. The home shows mint condition with contemporary fixtures, hardwood floors throughout, and well-maintained systems consistent with its recent construction.
Situated in the heart of East Nashville, the property offers exceptional walkability to iconic local dining and social hubs like Five Points and The Pharmacy Burger Parlor.
As an end-unit townhome, the residence features increased natural light from multiple exposures and enhanced privacy with covered porches overlooking mature trees.
The property boasts a nine-year track record as a successful income-producing short-term rental, making it a turnkey opportunity for savvy real estate investors.
The assigned high school carries a low rating of 2/10, which may limit the property's appeal to families focused on public school performance.
With a lot size of just 871 square feet, the property lacks a traditional yard, which could be a drawback for buyers with pets or those desiring private green space.
Located in the heart of East Nashville, 1429 Shelby Ave offers the perfect blend of modern living, natural light, and unbeatable walkability. As an end-unit townhome, the property is filled with natural light from multiple exposures, creating bright, airy living spaces throughout. The open-concept main level is designed for both comfort and entertaining, with a seamless flow between the living, dining, and kitchen areas. Outdoor living is just as inviting, with multiple covered porches that extend the living space and offer a quiet retreat surrounded by mature trees—an uncommon level of privacy for this location. Easy parking for visitors and 2 car garage. Positioned just moments from some of East Nashville’s most popular dining and gathering spots, including Five Points Pizza, Butcher & Bee, and The Pharmacy Burger Parlor & Beer Garden, the home offers a lifestyle that is both vibrant and convenient. For investors or those seeking flexibility, the property has a proven track record as a successful income-producing short-term rental over the past nine years. This is a rare opportunity to own a light-filled end unit in one of Nashville’s most sought-after neighborhoods, offering both lifestyle and investment appeal.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,565 | 1,968 | 83% |
| Lot Size | 871 | 871 | 50% |
| Price | $844.4K | $270.0K | 83% |
| Price per sq ft | $329 | $153 | 83% |
| Built year | 2017 | 2017 | 50% |
| HOA | $155 | $165 | 50% |
| Days on market | 62 | 966 | 17% |
Apr 14, 2026
$844,400
Initial Listing