209 N 9th St, Nashville, TN 37206, Nashville, 37206 - 6 bed, 3 bath
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209 N 9th St
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
6Beds
3Baths
2,120Sq Ft
8,712Lot Size
Property Price
LIST PRICE$1,199,900
EST. MARKET VALUE
$1,050,670
14% AboveMARKET VALUE
SUMMARY
This Turnkey Triplex Asset is a High-Potential Investment Opportunity, listed at $1,199,900. While priced above the $1,050,670 Fair Market Value, the property justifies its premium through a proven $140,000 annual revenue stream and $30,000 in future bookings. Featuring a Condition Rating of 2, this fully furnished, renovated property offers immediate cash flow and operational flexibility. Its prime location near Main Street and the East Bank makes it a premier choice for Buy-and-Hold Investors or Short-Term Rental Operators seeking a high-performing, turnkey portfolio addition.
Estimated Market Value
$1,050,670
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 |
|---|---|---|---|---|---|---|
★ 209 N 9th St Subject 6 bd · 3 ba · 2,120 sqft · $496 | $1,199,900* List Price | 6 | 3 | 2,120 | $496 | - |
A 313 S 7th St Sold 4 bd · 3 ba · 2,280 sqft · $408 · 0.6 mi | $930,000 | 4 | 3 | 2,280 | $408 | 0.6 mi |
B 1003 Mansfield Ave Active 4 bd · 3 ba · 2,720 sqft · $404 · 0.3 mi | $1,100,000 List Price | 4 | 3 | 2,720 | $404 | 0.3 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.
While originally built in 1963, the property has undergone a comprehensive recent renovation (likely within the last 5 years) to serve as a high-performing short-term rental. The interiors feature modern shaker-style cabinetry, updated stainless steel appliances, contemporary LVP flooring, and refreshed bathrooms. The systems and finishes appear mint and move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 2120.
- Proven Revenue Stream
This turnkey investment generates an impressive $140,000 in annual revenue with $30,000 in future bookings already secured, offering immediate cash flow for the buyer.
- Prime East Nashville Location
Boasting an unbeatable location just two blocks from Main Street and minutes from the new Nissan Stadium and East Bank developments, the property ensures high occupancy demand.
CONSRISKS & DEFICIENCIES
- Complex Acquisition Structure
To retain the essential Non-Owner Occupied STR permits, the buyer must purchase the existing LLC, requiring more specialized legal and financial due diligence than a standard sale.
- Restrictive Showing Schedule
Due to the property's high success as a short-term rental, viewing opportunities are limited by guest bookings, which may complicate the inspection and appraisal timeline.
About 209 N 9th St
Rare EAST NASHVILLE Non-Owner Occupied Short Term Rental Opportunity! Three individually owned condos offered together, creating a unique TRIPLEX-style investment. Each condo is 2 bed, 1 bath, totaling 6 beds, 3 baths! Selling FULLY FURNISHED! The property averages $140,000 annually! Already over $30,000 in future bookings! The 3-unit layout allows amazing flexibility to capture smaller group bookings while accomodating large group bookings as well. Plenty of opportunity for improving STR revenue as permits allow up to 8 guests per unit. Location is unbeatable! It is just 2 blocks away- walking distance to Main St in East Nashville, and just a couple minutes from River North, East Bank, the New Nissan Stadium, and a quick drive to major interstates. This NOO STR is an investor's dream! Showings are restrictive due to STR bookings. If buyer desires to continue Short Term Renting these properties, the LLC will have to be purchased by buyer. Please call listing agent, Phil Zuehlke on further details and questions regarding LLC purchase.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Warner Elementary Enhanced Option School
Grades PK-4 • 0.5 mi
5/10
Caldwell Enhanced Option
Grades PK-4 • 0.6 mi
2/10
Glenn Elementary Enhance Option School
Grades PK-4 • 0.7 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,120 | 2,045.139 |
| Lot Size | 8,712 | 10,890 |
| Price | $1.20M | $556.0K |
| Price per sq ft | $566 | $305 |
| Built year | 1963 | 1971 |
| HOA | $0 | $133 |
| Days on market | 30 | 70 |
Pricing History
Listed for Sale
Sep 24, 2026
$1,199,900
Initial Listing