2002 Herman Street D, Nashville, TN 37208, Nashville, 37208 - 3 bed, 3 bath
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Nashville, TN 37208
This High-Potential Investment Opportunity is a turnkey, income-producing asset listed at $515,000, positioned above the $472,101 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating and is optimized for immediate revenue as a non-owner-occupied short-term rental. With premium white oak hardwoods, designer finishes, and a location just 2 miles from downtown, it offers strong occupancy potential. This is a strategic acquisition for Buy-and-Hold Investors or Passive Income Seekers looking to leverage accelerated depreciation in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2002 Herman Street D Subject | $515,000* List Price | 3 | 3 | 1,530 | $309 | - |
A 801 21st Ave N Sold | $560,000 | 3 | 3 | 1,652 | $339 | 0.1 mi |
B 1615 24th Ave N Sold | $460,000 | 3 | 2 | 1,652 | $278 | 0.9 mi |
C 801 21st Ave N Sold | $560,000 | 0 | 1 | 1,660 | $337 | 0.1 mi |
D 1702 Knowles St Sold | $549,000 | 3 | 3 | 1,974 | $278 | 0.7 mi |
E 1702 Knowles St Sold | $549,000 | 3 | 3 | 2,070 | $265 | 0.7 mi |
F 803 21st Ave N Active | $579,900 List Price | 3 | 3 | 1,660 | $349 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is only 3 years old, meeting the 'Excellent' criteria of being under 10 years old. The images and description confirm mint condition with modern designer finishes, premium white oak hardwoods, and contemporary systems including a new HVAC unit.
As a fully furnished, income-producing non-owner-occupied short-term rental (NOOSTR) with existing bookings, this property offers immediate revenue and significant tax advantages through accelerated depreciation.
Built in 2021, the home features premium white oak hardwoods, designer finishes, and custom bunk beds, creating a high-end guest experience designed to command premium nightly rates.
Located just 2 miles from Downtown Nashville, the property is ideally positioned in a high-demand area for tourists, ensuring strong occupancy potential and long-term investment upside.
The property is situated in a highly competitive short-term rental market, facing significant competition from numerous similar modern townhomes in the immediate 37208 area.
Maximizing the advertised ROI requires navigating complex local STR regulations and meeting specific IRS 'material participation' requirements for bonus depreciation, which may be challenging for passive investors.
Investor Alert - High-Yield NOOSTR Opportunity in Nashville One of the most competitively priced non-owner-occupied short-term rental (NOOSTR) properties currently on the market. This fully furnished, income-producing 3-bed, 3-bath townhome offers the ideal mix of location, design, and investment upside. With over 1,550 square feet of beautifully curated living space, off-street parking, and a location just 2 miles from Downtown Nashville, this turnkey property is built for STR success. Premium white oak hardwoods, designer finishes, and custom bunk beds elevate the guest experience--leading to higher nightly rates and strong occupancy. It's ready to generate revenue from day one as you take over current bookings. The real differentiator? Bonus depreciation. Unlike traditional long-term rentals with a 27.5-year depreciation schedule, qualifying STRs allow for accelerated depreciation--potentially offsetting a significant portion of your purchase price in year one. For buyers who materially participate, this could mean reduced taxable income, stronger cash flow, and higher ROI. If you're looking for a high-performing asset in one of the country's most profitable Airbnb markets, this opportunity checks every box. Contact for income reports, projections, and details. You do have the option to buy the entire duplex.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 1,530 | 1,444 | 52% |
| Lot Size | - | 6,098 | 7% |
| Price | $515.0K | $350.0K | 67% |
| Price per sq ft | $337 | $278 | 67% |
| Built year | 2021 | 1955 | 92% |
| HOA | $125 | $0 | 93% |
| Days on market | 4 | 673 | 1% |
Jun 2, 2026
$515,000
Initial Listing