303 31st Ave N 406, Nashville, TN 37203, Nashville, 37203 - 2 bed, 2 bath
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Nashville, TN 37203
This High-Potential Investment Opportunity is a turnkey NOO-STR Condominium listed at $688,000, positioned above the $636,034 Fair Market Value. Despite the premium, the property offers a Mint Condition Rating and includes $45,000 in designer furnishings, ensuring immediate rental readiness. Located in a prime Nashville development with on-site pool access and NOO-STR zoning, this asset is built for high-yield performance. It is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a fully operational, high-end Nashville income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 303 31st Ave N 406 Subject | $688,000* List Price | 2 | 2 | 1,008 | $631 | - |
A 303 31st Ave N 417 Sold | $650,000 | 2 | 2 | 1,090 | $596 | 0.0 mi |
B 303 31st Ave N 417 Sold | $650,000 | 2 | 2 | 1,092 | $595 | 0.0 mi |
C 303 31st Ave N 403 Active | $665,000 List Price | 2 | 2 | 1,008 | $660 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and qualifies as new construction. The kitchen features modern stainless steel appliances and quartz countertops, while the overall unit offers contemporary finishes and brand-new systems (HVAC/Electric) requiring no maintenance.
The unit is fully furnished with $45,000 worth of high-end Crate & Barrel and West Elm inventory, offering a seamless, move-in-ready solution for short-term rental investors.
Located in a building specifically zoned for Non-Owner Occupied Short-Term Rentals, providing a rare and highly sought-after legal framework for maximizing rental income in Nashville.
As part of Phase 1 in a 3-phase development, the property is positioned for appreciation as Phase 2 units are already commanding price points exceeding $1.5M.
With 392 days on the market, the property has significantly exceeded average selling times, which may suggest a pricing misalignment or decreased liquidity for this specific asset class.
Being the first phase of a larger development means residents and guests will likely experience noise and environmental disruptions from the construction of the remaining phases for the foreseeable future.
Invest in Nashville booming short-term rental market with turnkey NOO-STR condo at Odyssey at the Park! This unit comes fully furnished with over $45,000 worth of inventory from Crate & Barrel x West Elm. All appliances are included along with washer/dryer. The "Retro Modern" theme was custom designed by BNB Worx, and in compliance with Goodnight Stay so bookings come from relocation companies along with Airbnb. The entire building is NOO Permit zoned and is just phase 1 of a 3 phase development from Richland Builders. Phase 2 "Athena" is halfway through construction with price points over 1.5M on their units. Swimming pool for the Odyssey is now open and a full parking garage is attached with unassigned spots. There will be mixed use commercial on the bottom floor with Tito's Mexican Restaurant about to open.
No exterior & parking available.
Grades K-4 • 0.9 mi
Grades 5-8 • 1.1 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,008 | - |
| Lot Size | 871 | - |
| Price | $688.0K | $403.0K |
| Price per sq ft | $683 | $378 |
| Built year | 2023 | 0 |
| HOA | $348 | $0 |
| Days on market | 418 | 193 |
May 18, 2025
$688,000
Initial Listing