1808 State St 101, Nashville, TN 37203, Nashville, 37203 - 2 bed, 2 bath
Loading property details...
Nashville, TN 37203
This Midtown condominium represents a Strong Value Opportunity with a List Price of $309,950—positioned well below the $337,938 Fair Market Value by 8%. This valuation gap secures $27,988 in Instant Equity for the buyer. While maintaining a Condition Score of 4 with a new 2023 HVAC system, the unit offers significant appreciation potential through cosmetic updates to its functional 1987 interior. Located steps from the Virgin Hotel and Demonbreun Street, this property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking an entry-level price point in a high-demand Nashville corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1808 State St 101 Subject | $309,950* List Price | 2 | 2 | 800 | $422 | - |
A 2325 Elliston Place 408 Sold | $290,000 | 2 | 2 | 750 | $387 | 0.6 mi |
B 2325 Elliston Pl 410 Sold | $290,000 | 2 | 2 | 750 | $387 | 0.6 mi |
C 11 Music Sq E 405 Sold | $273,750 | 1 | 1 | 750 | $365 | 0.5 mi |
D 1803 Broadway 509 Sold | $350,000 | 1 | 1 | 820 | $427 | 0.4 mi |
E 1803 Broadway 509 Sold | $350,000 | 1 | 1 | 820 | $427 | 0.4 mi |
F 1803 Broadway 121 Sold | $285,000 | 1 | 1 | 620 | $460 | 0.4 mi |
G 1803 Broadway 112 Active | $315,000 List Price | 1 | 1 | 820 | $384 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1987, is well-maintained but remains largely unrenovated. While it features a new HVAC system (2023) and some updated stainless steel appliances, the kitchen cabinets, laminate countertops, and bathroom vanities are dated and show signs of age. The overall aesthetic and fixtures reflect the original construction period rather than modern standards, though the unit is move-in ready and functional.
Situated in the heart of Nashville's vibrant Midtown, the property offers unparalleled walkability to iconic nightlife, dining, and entertainment venues like the Virgin Hotel and Demonbreun Street.
Finding a two-bedroom, two-bathroom unit at this price point in the 37203 zip code is rare, making it an ideal opportunity for first-time buyers or investors seeking a high-demand area.
The unit features a new HVAC system installed in 2023 with smart Wi-Fi controls, along with a newer dishwasher and oven, reducing the immediate need for capital expenditures.
With only 800 square feet allocated for a two-bedroom, two-bathroom layout, the interior living areas and bedrooms may feel restrictive for those accustomed to more spacious modern floor plans.
The property is zoned for several schools with low performance ratings, which may be a drawback for families and could potentially impact long-term resale appeal to a broader demographic.
Want drinks at the Virgin Hotel Rooftop Pool and Bar? How about live music at Live Oak? That “redwood deck on Demonbreun? Yeah, all closeby and easy to get to. Talk about a centrally located condo. Find another 2 bedroom, 2 bathroom condo nearby at this price. You can’t! Well-maintained unit with new HVAC in 2023 with wifi control, dishwasher, oven, and primary toilet replaced within the last few years. Don’t miss this opportunity to be right in the middle of the Nashville action!
No exterior & parking available.
Grades K-4 • 1.5 mi
Grades PK-4 • 1.5 mi
Grades PK-4 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 800 | 1,092 | 25% |
| Lot Size | 871 | 871 | 50% |
| Price | $309.9K | $460.0K | 28% |
| Price per sq ft | $387 | $427 | 30% |
| Built year | 1987 | 2014 | 13% |
| HOA | $223 | $489 | 19% |
| Days on market | 55 | 299 | 1% |
Feb 26, 2026
$309,950
Initial Listing
Aug 17, 1994
$45,000
Public Record