
Nashville, TN 37204
This property presents a High-Potential Investment Opportunity with a List Price of $679,990—positioned well above the $634,997 Fair Market Value. While currently priced above market, the asset offers a proven track record as a short-term rental with a 10.3% gross yield. Featuring an Excellent Condition Rating and a private deck, the property is primed for a value-add strategy through cosmetic refreshes to increase ADR. This is a strategic acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate income in the high-demand 12 South corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2021 Beech Ave 4 Subject | $679,990* List Price | 3 | 4 | 1,540 | $412 | - |
A 712 Melpark Dr Sold | $675,000 | 3 | 4 | 1,809 | $373 | 0.4 mi |
B 2003 Beech Ave Sold | $750,000 | 3 | 4 | 2,078 | $361 | 0.1 mi |
C 2021 Beech Ave 7 Active | $575,000 List Price | 3 | 4 | 1,540 | $373 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, the property is only 5 years old, placing it firmly in the 'Excellent' category. The interior features modern finishes including a kitchen with white shaker cabinets, stone countertops, and stainless steel appliances, along with hardwood flooring and contemporary lighting. While the listing suggests a cosmetic furniture refresh for STR optimization, the core systems (HVAC/Electric) and structural condition are in mint, move-in-ready condition.
The property is an established short-term rental generating approximately $70,000 in annual gross revenue, representing a strong 10.3% gross yield at the current list price.
Boasting an 80 Walk Score, the townhouse is situated in the highly desirable 12 South/Melrose corridor, providing guests easy access to Nashville’s premier dining, shopping, and nightlife.
There is a clear path to increase annual revenue toward $100,000 by modernizing the dated decor and optimizing the sleeping configuration to accommodate more guests.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 740.
The interior presentation is currently dated, necessitating an estimated $30,000 to $50,000 investment in furniture and design upgrades to remain competitive with top-performing rentals.
Configuring the 1,540-square-foot space to sleep 10 guests may lead to a crowded environment, which could potentially impact guest comfort and long-term review scores.
SHORT TERM RENTAL OPPORTUNITY | 12 SOUTH | One of the more compelling value-add STR opportunities currently available in Nashville. This established 3BR/4BA short-term rental is already producing approximately $70,000 annually in gross revenue, equating to roughly a 10.3% gross yield at list price — and that is with significant room left to improve. The property has already proven demand with 280 Airbnb reviews, a 4.76-star rating, and years of operating history, yet the current furniture, decor and overall presentation are dated compared to many of Nashville’s top-performing STRs. It is also currently configured to sleep only 8 guests. With a thoughtful $30K-$50K design and furniture refresh, upgraded photography and an optimized sleeping arrangement for potentially 10 guests, there is a strong opportunity to increase ADR and push annual gross revenue toward the $90K-$100K range. The location is a major part of the story. Positioned in the highly desirable 12 South / Melrose corridor with an 80 Walk Score, guests are a quick rideshare from everything that makes this one of Nashville’s most popular areas — Sushi-san, Urban Grub, bartaco, Five Daughters Bakery, Edley’s BBQ, The Henry, Frothy Monkey, Sevier Park and the shops, restaurants and nightlife along 12th Ave South — while also maintaining easy access to Belmont, Vanderbilt, The Gulch, Downtown and Broadway. With 3 bedrooms, 4 full baths, 1,540 SF, an attached garage, proven existing revenue and a purchase price under $700K, this is not an STR that needs a turnaround to make sense. The current numbers already work. The upside is in the repositioning. For an investor looking for immediate income, a premier Nashville location and a clear path to materially improve performance, this is an opportunity that is increasingly difficult to find at this price point.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 1,540 | 1,538.436 |
| Lot Size | 436 | 871 |
| Price | $680.0K | $358.6K |
| Price per sq ft | $442 | $240 |
| Built year | 2019 | 2004 |
| HOA | $300 | $250 |
| Days on market | 20 | 79 |
Aug 20, 2026
$679,990
Initial Listing