160 2nd Ave N 401, Nashville, TN 37201, Nashville, 37201 - 3 bed, 3 bath
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160 2nd Ave N 401
Nashville, TN 37201
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,542Sq Ft
0Lot Size
Property Price
LIST PRICE$1,790,000
EST. MARKET VALUE
$1,790,000
SUMMARY
This property represents a Prime Investment Opportunity, listed at a List Price of $1,790,000, which aligns with the $1,790,000 Fair Market Value. As a Non-Owner Occupied Short-Term Rental (NOO STR) eligible asset, this development offers high-demand income potential in the heart of Nashville. Featuring panoramic views of the Cumberland River and Nissan Stadium, the unit provides a luxury experience with state-of-the-art amenities. While the Condition Rating of 2 reflects a future 2027 completion, it is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a high-yield urban asset.
Estimated Market Value
$1,790,000
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 401 Subject | $1,790,000* List Price | 3 | 3 | 1,542 | $1,161 | - |
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 S 1903 Sold | $1,308,333 | 1 | 2 | 1,009 | $1,297 | 0.0 mi |
E 160 2nd Ave S 1906 Active | $1,889,900 List Price | 2 | 3 | 1,265 | $1,494 | 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 construction and total renovation project with an estimated completion date of 2027. As a brand-new development, it features modern luxury finishes, brand-new HVAC and electrical systems, and mint-condition kitchens and bathrooms.
PROSSTRENGTHS & OPPORTUNITIES
- Prime STR Investment Potential
As a Non-Owner Occupied Short-Term Rental (NOO STR) eligible property located steps from Broadway, this unit offers exceptional income-generating potential in Nashville's most high-demand tourism corridor.
- Iconic Nashville Views
The property boasts premium views of the Cumberland River, Nissan Stadium, and the 'Batman Building,' providing the quintessential Music City backdrop that commands higher rental premiums.
- High-End Building Amenities
The development features luxury lifestyle additions including a state-of-the-art fitness center with a sauna, a 2nd-floor atrium, and multiple indoor-outdoor terraces overlooking the river and city.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Extended Completion Timeline
With an estimated completion date of April 2027, buyers must account for a significant lead time before the asset can be occupied or generate rental revenue.
- High Monthly Carrying Costs
The $1,048 monthly association fee represents a substantial fixed expense that may impact the net capitalization rate for investors compared to other local developments.
About 160 2nd Ave N 401
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 building is being renovated on floors 1-3 and floors 4 & 5 will be new construction. Estimated completion date April 2027.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2025
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1048 / 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 | 3.0 | 2.0 |
| Square foot | 1,542 | 1,009.207 |
| Lot Size | - | 871 |
| Price | $1.79M | $339.9K |
| Price per sq ft | $1.2K | $344 |
| Built year | 2025 | 2007 |
| HOA | $1048 | $329 |
| Days on market | 733 | 91 |
Pricing History
Listed for Sale
Sep 6, 2024
$1,790,000
Initial Listing