2905 Parthenon Ave 101, Nashville, TN 37203, Nashville, 37203 - 2 bed, 3 bath
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Nashville, TN 37203
This Turn-Key Townhouse represents a High-Potential Investment Opportunity, listed at $1,099,900, which is priced in line with the $1,082,059 Fair Market Value. Featuring a Good Condition Rating and a tenant in place through May 2027, this asset offers immediate, stable cash flow. Highlights include multiple balconies, an oversized patio, and two deeded garage spaces adjacent to Centennial Park. This property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-maintenance, high-demand urban asset in Nashville’s core.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2905 Parthenon Ave 101 Subject | $1,099,900* List Price | 2 | 3 | 2,840 | $381 | - |
A 3206 W End Cir 5 Sold | $835,935 List Price | 4 | 4 | 2,209 | 0.3 mi | |
B 3200 Long Blvd 4 Active | $819,000 List Price | 3 | 3 | 2,158 | $380 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, this 15-year-old property is well-maintained and move-in ready. It features recent cosmetic updates including refinished hardwood floors, fresh paint, and new light fixtures. The kitchen and bathrooms remain functional with granite countertops and stainless steel appliances, and the description notes that the HVAC is serviced annually, supporting a 'Good' rating for its age bracket.
Situated adjacent to Centennial Park and minutes from Vanderbilt University, the property offers exceptional walkability and access to Nashville's major employment and entertainment hubs.
With a proven rental history since 2017 and a tenant in place through May 2027, this property provides immediate cash flow and stability for 1031 exchange or long-term investors.
As a unique end-unit, it features multiple balconies, an oversized patio, and two deeded garage spaces, offering luxury outdoor living and parking rare for the urban core.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The monthly HOA fee of $1,120 is substantial, which may impact the net ROI for investors and increase the overall monthly financial burden for owner-occupants.
With 277 days on the market, the property may face buyer perception issues regarding its pricing or liquidity compared to faster-moving inventory in the Nashville area.
PRIME LOCATION & DEMAND – ATTENTION INVESTORS & 1031 EXCHANGE Consistent Occupancy since 2017, proven rental visibility, lower vacancy risk, stable leasing history & desirable tenant experience. This unique one-of-a-kind unit’s desirable features include an end-unit position, multiple balconies/oversized patio, hard wood flooring, ensuite bedrooms with walk-in closets & custom-built ins, two deeded garage spaces, storm shelter/storage & adjacent to Centennial Park are just a few characteristics that renters are willing to pay a premium for this urban luxury home. The affluent area continues to show strong renter migration, high-income tenant demographics (medical professionals, grad students, corporate relocations, etc.) consistently elevated rental pricing, walkability and amenity appeal and limited resale inventory for unique townhome-style product. Even with thousands of new construction units, demand in core urban Nashville remains resilient because job growth and population inflow continue to absorb inventory. The close proximity to Vanderbilt University, West End Midtown & Downtown drive tenant demand where major employment, education, entertainment, retail, restaurants & walkability are all very desirable. If a stable, low-maintenance ownership, long-term wealth and quality tenants are what you’re looking for, look no further ~ Turn-Key, Tenant in place until May, 2027, Freshly Painted throughout, HVAC Serviced annually, Hard Wood Floors newly refinished, New Light Fixtures & Fans installed, New Washer. Ask about the HOA Fee Incentive! 12-Month minimum lease required per HOA
No exterior & parking available.
Grades K-4 • 1.0 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,840 | 1,508 | 88% |
| Lot Size | 1,307 | 653.5 | 88% |
| Price | $1.10M | $412.5K | 88% |
| Price per sq ft | $387 | $334 | 88% |
| Built year | 2010 | 2007 | 50% |
| HOA | $1120 | $185 | 88% |
| Days on market | 312 | 753 | 25% |
Aug 5, 2025
$1,099,900
Initial Listing