1808 State St 101, Nashville, TN 37203, Nashville, 37203 - 2 bed, 2 bath
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1808 State St 101
Nashville, TN 37203
ACTIVE
CONDITION: FAIR
2Beds
2Baths
800Sq Ft
871Lot Size
Property Price
LIST PRICE$280,000
EST. MARKET VALUE
$274,272
SUMMARY
This condo presents a High-Potential Investment Opportunity with a List Price of $280,000—positioned well below the $274,273 Fair Market Value by -2%. While the property requires cosmetic updates to improve its Condition Rating of 4, the recent installation of a 2023 HVAC system and updated appliances mitigates immediate capital expenditure. Its prime location in the 37203 zip code ensures high rental demand near Nashville’s entertainment hubs. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a centrally located, value-add asset.
Estimated Market Value
$274,272
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 |
|---|---|---|---|---|---|---|
★ 1808 State St 101 Subject | $280,000* List Price | 2 | 2 | 800 | $343 | - |
A 1808 State St 113 Sold | $300,000 | 2 | 2 | 800 | $375 | 0.0 mi |
B 1803 Broadway 120 Sold | $329,000 | 1 | 1 | 851 | $387 | 0.4 mi |
C 1808 State St 207 Active | $288,000 List Price | 2 | 2 | 800 | $360 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987 (>30 years old), the property is functional but dated. While it features a new HVAC (2023) and some newer appliances, the kitchen cabinetry, laminate countertops, and bathroom vanity show significant age and wear, requiring cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated in the heart of Nashville's vibrant Midtown area, this condo offers exceptional proximity to premier entertainment hubs, including the Virgin Hotel Rooftop and the Demonbreun Street corridor.
- Exceptional Value Proposition
Priced competitively at $280,000, this unit represents a rare entry-level opportunity for a two-bedroom, two-bathroom configuration in the highly sought-after 37203 zip code.
- Recent Mechanical Upgrades
The property features a new HVAC system installed in 2023 with wifi connectivity, along with a recently replaced dishwasher and oven, reducing immediate capital expenditure for the buyer.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At only 800 square feet for a two-bedroom layout, the living spaces and bedrooms may feel restrictive, potentially limiting appeal for those seeking more spacious accommodations.
- Extended Market Time
With over 180 days on the market and a previous price reduction, the listing's longevity suggests a disconnect between the property's age or size and current buyer expectations.
About 1808 State St 101
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $223 / Month
Neighborhood Insights
Nashville Unified Schools
Eakin Elementary School
Grades K-4 • 1.5 mi
7/10
Buena Vista Elementary Enhanced Option
Grades PK-4 • 1.5 mi
4/10
Park Avenue Elementary Enhanced Option
Grades PK-4 • 1.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 800 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $280.0K | $339.9K |
| Price per sq ft | $350 | $344 |
| Built year | 1987 | 2007 |
| HOA | $223 | $329 |
| Days on market | 195 | 91 |
Pricing History
Listed for Sale
Sep 1, 2026
$280,000
$309,950
-10% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$309,950
Initial Listing
Sold
Aug 17, 1994
$45,000
Public Record