3123 River Dr, Nashville, TN 37218, Nashville, 37218 - 3 bed, 3 bath
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3123 River Dr
Nashville, TN 37218
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,920Sq Ft
871Lot Size
Property Price
LIST PRICE$762,763
EST. MARKET VALUE
$762,763
SUMMARY
This High-Potential Investment Opportunity is a brand-new 2025 construction listed at $762,763, positioned slightly above the $750,863 Fair Market Value. As a Mint Condition Rating asset, this property is fully approved for NOO STR Zoning, offering immediate income potential in the Nashville market. The modern, multi-level layout features a private deck and high-end finishes, designed specifically for short-term rental performance. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, low-maintenance property with significant revenue-generating capabilities near the Cumberland River.
Estimated Market Value
$762,763
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 |
|---|---|---|---|---|---|---|
★ 3123 River Dr Subject | $762,763* List Price | 3 | 3 | 1,920 | $397 | - |
A 2122 Goodrich Ave Active | $865,690 List Price | 3 | 4 | 2,086 | $415 | 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.
This is a brand-new 2025 construction in mint condition. The kitchen and bathrooms feature modern finishes, including white cabinetry, gold hardware, and contemporary tiling. As a new build, all systems (HVAC, electric) are new and require no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- NOO STR Eligibility
The property is fully approved for non-owner occupied short-term rentals (Airbnb/VRBO), offering significant income potential in a high-demand Nashville market.
- Modern New Construction
Built in 2025, this home features contemporary finishes and a multi-level layout designed for maximum privacy and low-maintenance turnkey ownership.
- Strategic Location
Situated near the Cumberland River and minutes from Downtown Nashville, the property offers excellent urban accessibility within the emerging River District.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1760, other record living area = 2044.
- School District Ratings
The assigned middle and high schools have low academic ratings (3/10 and 1/10), which may deter long-term resident families and impact resale value to that demographic.
- Limited Outdoor Space
With a lot size of only 871 square feet for a 1,760 square foot home, there is minimal private yard or outdoor land, typical of high-density urban townhomes.
About 3123 River Dr
Rare opportunity to own a non-owner occupied short-term rental eligible home just minutes from Downtown Nashville. Whether you're building an Airbnb portfolio, purchasing a second home, or looking for a primary residence with future income potential, this property offers exceptional flexibility. Modern finishes, thoughtful design, and a prime location near the River District make it an outstanding long-term investment. Ask the listing agent for projected Airbnb income, financing options, and available buyer incentives.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2025
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $125 / Month
Neighborhood Insights
Nashville Unified Schools
Cumberland Elementary School
Grades PK-4 • 2.4 mi
5/10
Joelton Middle School
Grades 5-8 • 8.5 mi
3/10
Whites Creek Comp High School
Grades 9-12 • 5.8 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,920 | 1,538.436 |
| Lot Size | 871 | 871 |
| Price | $762.8K | $358.6K |
| Price per sq ft | $397 | $240 |
| Built year | 2025 | 2004 |
| HOA | $125 | $250 |
| Days on market | 120 | 79 |
Pricing History
Listed for Sale
May 12, 2026
$762,763
Initial Listing