160 2nd Ave N 312, Nashville, TN 37201, Nashville, 37201 - 3 bed, 2 bath
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160 2nd Ave N 312
Nashville, TN 37201
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,699Sq Ft
0Lot Size
Property Price
LIST PRICE$1,950,000
EST. MARKET VALUE
$1,884,658
3% AboveMARKET VALUE
SUMMARY
This Prime Investment Opportunity at The Heritage at Broadway is listed at $1,950,000, positioned slightly above the $1,884,658 Fair Market Value. As a New Construction/Renovation project with a Condition Rating of 2, this asset offers rare Non-Owner Occupied Short-Term Rental (NOO STR) eligibility in Nashville’s epicenter. Featuring a 4-bedroom flex layout and panoramic river and stadium views, the property is engineered for high-yield hospitality revenue. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking long-term income in a high-demand tourism corridor.
Estimated Market Value
$1,884,658
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 |
|---|---|---|---|---|---|---|
★ 160 2nd Ave N 312 Subject | $1,950,000* List Price | 3 | 2 | 1,699 | $1,109 | - |
A 160 2nd Ave S 2306 Sold | $1,650,000 | 2 | 3 | 1,265 | $1,304 | 0.0 mi |
B 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
C 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
D 160 2nd Ave N 311 Active | $1,800,000 List Price | 3 | 3 | 1,560 | $1,154 | 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.
This is a new luxury development and total renovation of a historic loft building with an estimated completion of 2027. As a full-scale renovation and new construction project, it features brand new HVAC/electrical systems, modern high-end kitchens, and mint condition interiors.
PROSSTRENGTHS & OPPORTUNITIES
- Prime STR Investment Opportunity
Located steps from Broadway with rare Non-Owner Occupied Short-Term Rental (NOO STR) eligibility, this property is positioned in the epicenter of Nashville's tourism, ensuring maximum occupancy potential.
- Optimized Revenue Layout
The 1,699 sqft floor plan includes a strategic flex room that functions as a fourth bedroom for rental purposes, significantly increasing the nightly rate potential and guest capacity.
- Luxury Amenity Package
The development features high-end communal spaces including a state-of-the-art fitness center with a sauna, a historic atrium, and multiple terraces offering iconic views of the Cumberland River and Nissan Stadium.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1699, other record living area = 1516. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Extended Delivery Timeline
With an estimated completion date of April 2027, investors face a significant multi-year lead time before the property can begin generating a return on investment.
- High Carrying Costs
The substantial monthly association fee of $1,155, combined with a nearly $2M purchase price, necessitates aggressive rental management to offset high fixed overhead costs.
About 160 2nd Ave N 312
Over 60% SOLD! NOO STR WALK TO BROADWAY! Welcome to The Heritage at Broadway, Nashville’s most exciting NEW short-term rental development. Located on historic 2nd Avenue, just steps from the iconic Broadway, this extraordinary project blends timeless architectural charm with modern luxury. Nestled in the epicenter of Music City, this turn-of-the-century loft building offers a one-of-a-kind experience for both guests and investors. With stunning views of the Cumberland River, Nissan Stadium, and the city skyline—including the iconic “Batman Building" – The Heritage offers an unparalleled location. Enjoy direct access to hundreds of bars, restaurants, and entertainment venues, along with easy connectivity to top attractions like the Titans Stadium and the vibrant riverfront. This is your chance to invest in Nashville’s thriving short-term rental market or secure a luxurious urban retreat. The Heritage consists of 50 non-owner occupied short-term rental eligible units ranging from 1-4 bedrooms, retail space on the first floor, a state of the art fitness center with sauna, business center, indoor-outdoor amenity space on the 5th floor overlooking the Cumberland River and Nissan Stadium, a second public terrace on the 4th floor overlooking 2nd Ave, business center and a BEAUTIFUL 2nd floor atrium! Contact agent for a full list of available units! This unit has a flex room that will act as a 4th bedroom for STR purposes! This building is being renovated on floors 1-3 and floors 4 & 5 will be new construction. Estimated completion date April 2027. ***This unit also has a flex room that can be used as a 4th bedroom for STR purposes!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1900
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1155 / Month
Neighborhood Insights
Nashville Unified Schools
Buena Vista Elementary Enhanced Option
Grades PK-4 • 1.8 mi
4/10
John Early Paideia Middle Magnet
Grades 5-8 • 2.6 mi
3/10
Pearl Cohn Magnet High School
Grades 9-12 • 2.3 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,699 | 1,009.207 |
| Lot Size | - | 871 |
| Price | $1.95M | $339.9K |
| Price per sq ft | $1.1K | $344 |
| Built year | 1900 | 2007 |
| HOA | $1155 | $329 |
| Days on market | 733 | 91 |
Pricing History
Listed for Sale
Sep 6, 2024
$1,950,000
Initial Listing