231 Rep John Lewis Way, N 403, Nashville, TN 37219, Nashville, 37219 - 2 bed, 2 bath
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231 Rep John Lewis Way
N 403, Nashville, TN 37219
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,184Sq Ft
871Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$567,369
SUMMARY
This High-Potential Investment Opportunity is listed at $575,000, positioned slightly above the $567,369 Fair Market Value. Featuring a Condition Rating of 3, this renovated 2BD/2BA loft offers historic architectural character with 20-ft ceilings and exposed brick. The property provides a Turnkey Investment Potential with a tenant secured through 10/1/26, ensuring immediate cash flow. Residents enjoy a rooftop garden with panoramic downtown views and prime walkability to Nashville’s core. This asset is an ideal acquisition for Buy-and-Hold Investors or passive income seekers.
Estimated Market Value
$567,369
Based on Realkey algorithm analyzing recent comparable sales in N 403.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 Rep John Lewis Way Subject 2 bd · 2 ba · 1,184 sqft · $479 | $575,000* List Price | 2 | 2 | 1,184 | $479 | - |
A 231 Rep John Lewis Way N 406 Active 2 bd · 2 ba · 1,251 sqft · $452 · 0.0 mi | $564,900 List Price | 2 | 2 | 1,251 | $452 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although located in a historic 1900 building, the loft has been modernly renovated. The bathroom features contemporary fixtures, a newer vanity, and updated lighting, while the common areas showcase well-maintained polished concrete floors and intact historic brickwork, making it fully functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of downtown Nashville, this property offers unmatched walkability to iconic music venues, 5th and Broadway shopping, and scenic riverfront parks.
- Historic Architectural Character
The loft features stunning 20-foot ceilings, original exposed brick walls, and a spiral staircase, providing a unique aesthetic that blends historic charm with modern renovation.
- Turnkey Investment Potential
With a tenant already in place through October 2026, this property offers immediate cash flow and a stabilized rental opportunity for savvy investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1594.
- Delayed Owner Occupancy
The long-term lease agreement until late 2026 makes this property unsuitable for buyers looking for a primary residence to occupy in the near future.
- Underperforming School District
The assigned public schools for this address have relatively low ratings, which may deter families and impact long-term resale value to a specific demographic.
About 231 Rep John Lewis Way
Investment Opportunity--Don't miss this renovated 2-story 2BD 2BA Art Avenue Loft featuring a blend of historic charm and modern convenience! Original exposed brick walls, soaring 20-ft ceilings and Juliet balcony spiral staircase make this property truly unique. The building features a rooftop garden for residence to enjoy a serene escape, with stunning views of downtown Nashville. Located next to the historic Kress building and steps away from the newly renovated historic Arcade. Walkable to Bicentennial Mall Park, the Nashville Farmers Market and scenic Riverfront park. This prime location is at the pulse of downtown Music City offering unmatched access to Nashville's most famous attractions! Experience top-rated gourmet restaurants, 5th and Broadway shopping, Iconic music venues, and sports bars *Currently Tenant occupied until 10/1/26* Professional photos Coming Soon!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1900
- 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
- $402 / Month
Neighborhood Insights
N 403 Unified Schools
Buena Vista Elementary Enhanced Option
Grades PK-4 • 1.4 mi
4/10
Napier Elementary Enhancement Option
Grades PK-4 • 1.7 mi
4/10
Glenn Elementary Enhance Option School
Grades PK-4 • 1.8 mi
0/10
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 | 1,184 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $575.0K | $347.6K |
| Price per sq ft | $486 | $343 |
| Built year | 1900 | 2007 |
| HOA | $402 | $334 |
| Days on market | 83 | 92 |
Pricing History
Listed for Sale
Aug 2, 2026
$575,000
Initial Listing