245 Hermitage Ave 102, Nashville, TN 37210, Nashville, 37210 - 2 bed, 2 bath
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Nashville, TN 37210
This Turn-Key NOO STR Investment is listed at $769,900, positioned slightly above the $743,970 Fair Market Value to reflect its rare MUL Zoning and immediate income-producing status. Boasting a Like-New Condition Rating, this 2023-built unit features modern black cabinetry, quartz countertops, and custom lofts designed to maximize guest occupancy. Located in the high-demand SoBro district, within walking distance to Broadway and Ascend Amphitheater, the property offers a seamless entry into Nashville's lucrative travel market. This is a premier acquisition for Short-Term Rental Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 Hermitage Ave 102 Subject | $769,900* List Price | 2 | 2 | 987 | $754 | - |
A 65 Lindsley Ave 203 Sold | $650,000 | 2 | 2 | 895 | $726 | 0.5 mi |
B 65 Lindsley Ave 309 Sold | $905,000 | 3 | 2 | 1,212 | $747 | 0.5 mi |
C 65 Lindsley Ave 309 Sold | $905,000 | 3 | 2 | 1,212 | $747 | 0.5 mi |
D 65 Lindsley Ave 312 Active | $704,999 List Price | 2 | 2 | 895 | $788 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023 and is in like-new condition. The kitchen features modern black cabinetry, high-end stainless steel appliances, and quartz countertops with contemporary gold-tone fixtures. The interior boasts high ceilings, recessed lighting, trendy pendant fixtures, and durable wide-plank flooring. As a recently completed turn-key short-term rental, all systems and finishes meet current quality standards with no signs of wear or deferred maintenance.
Zoned MUL and eligible for Non-Owner Occupied Short Term Rentals, this property offers a rare and highly lucrative investment opportunity in Nashville's restricted rental market.
Situated within walking distance to Broadway, Ascend Amphitheater, and the Convention Center, the location ensures high demand and occupancy from tourists and event-goers.
Built in 2023 and sold completely furnished with custom lofts to maximize sleeping capacity, this unit is ready for immediate income generation with no additional setup required.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 987, other record living area = 936.
At nearly $780 per square foot, the property is priced at a significant premium, which may impact the overall cap rate for some investors.
As a boutique 23-unit building, it lacks the extensive on-site amenities like pools or large fitness centers found in larger competing downtown high-rises.
Welcome to NEO - a boutique 23 unit Non Owner Occupied Short Term Rental eligible downtown condominium building!. Zoned MUL, these condos are perfect NOO STR vacation investment properties. NEO is located within walking distance to all of the downtown hotspots! Less than a mile to Broadway and an even shorter walk to Ascend Amphitheater, the Convention Center & other downtown SoBro bars and restaurants. This completely furnished unit was built with maximizing occupancy in mind. A master suite, two custom lofts, and all things Nashville bring this unit to life. Completely turn key, all the work has been done for you to get started with this income producing NOO-STR Unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 987 | 987 | 50% |
| Lot Size | 871 | 871 | 50% |
| Price | $769.9K | $615.0K | 64% |
| Price per sq ft | $780 | $726 | 82% |
| Built year | 2023 | 2021 | 82% |
| HOA | $450 | $465 | 45% |
| Days on market | 76 | 197 | 9% |
Feb 5, 2026
$769,900
Initial Listing