1540 Lebanon Pike 402, Nashville, TN 37210, Nashville, 37210 - 1 bed, 1 bath
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1540 Lebanon Pike 402
Nashville, TN 37210
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
679Sq Ft
871Lot Size
Property Price
LIST PRICE$259,000
EST. MARKET VALUE
$264,839
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $259,000—positioned well below the $264,839 Fair Market Value by 2%. This valuation gap offers $5,839 in Instant Equity. Featuring a Mint Condition Rating and a Rental Permit, this unit provides immediate cash flow with an established tenant. The Top-Floor End Unit layout offers enhanced privacy and scenic wooded views, while onsite amenities include a Pool and Gym. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, low-maintenance asset.
Estimated Market Value
$264,839
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 |
|---|---|---|---|---|---|---|
★ 1540 Lebanon Pike 402 Subject | $259,000* List Price | 1 | 1 | 679 | $390 | - |
A 1540 Lebanon Pike 414 Active | $277,000 List Price | 1 | 1 | 649 | $427 | 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 2022, this property is less than 10 years old and in mint condition. As a newer construction, the HVAC and electrical systems are modern and efficient, and the interior finishes in the common areas and units reflect contemporary standards with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property includes a highly sought-after rental permit and an established tenant paying $1,600 per month, offering immediate cash flow for investors.
- Premium Unit Positioning
As a top-floor end unit, this residence provides superior privacy and enhanced views from two sides of the private balcony compared to standard units.
- Exceptional Value and Location
Built in 2022, this gated community offers modern amenities like a pool and gym at one of the most competitive price points near downtown Nashville.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 679.
- Limited Living Space
At 679 square feet, the compact one-bedroom layout may be restrictive for buyers requiring additional storage or a dedicated home office space.
- Occupancy Constraints
The presence of a long-term tenant who wishes to remain may deter owner-occupant buyers looking for immediate possession of the property.
About 1540 Lebanon Pike 402
Welcome to the Ontario! This gated neighborhood is one of the best deals this close to downtown Nashville that you will find! Top floor end unit with views from two sides of the private patio/balcony. Huge pool and well appointed gym and entertaining room available onsite. Currently rented to a fabulous tenant that would love to stay if possible. She has been there for four years and pays $1600 per month. Seller is liquidating investment so this is the perfect chance to get in at the lowest price around. The heavliy sought after rental permit is included in the sale.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $189 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 679 | 2,093.129 |
| Lot Size | 871 | 10,890 |
| Price | $259.0K | $568.3K |
| Price per sq ft | $381 | $307 |
| Built year | 2022 | 1971 |
| HOA | $189 | $137 |
| Days on market | 30 | 69 |
Pricing History
Listed for Sale
Aug 10, 2026
$259,000
Initial Listing