406 Myrtle St, Nashville, TN 37206, Nashville, 37206 - 5 bed, 5 bath
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406 Myrtle St
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,022Sq Ft
7,405Lot Size
Property Price
LIST PRICE$909,900
EST. MARKET VALUE
$909,900
SUMMARY
This Modern Income-Producing Residence is a Strong Value Opportunity, listed at $909,900, which aligns perfectly with its $909,900 Fair Market Value. Built in 2022, the property maintains an Excellent Condition Rating and features a separate rentable living space, a full unfinished basement, and a rear-entry garage. While local public schools have mixed ratings, the home’s prime East Nashville location and zero HOA fees offer significant long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, flexible urban asset.
Estimated Market Value
$909,900
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 |
|---|---|---|---|---|---|---|
★ 406 Myrtle St Subject 5 bd · 5 ba · 3,022 sqft · $301 | $909,900* List Price | 5 | 5 | 3,022 | $301 | - |
A 725 Hart Ave Sold 4 bd · 4 ba · 3,048 sqft · $289 · 0.3 mi | $880,000 | 4 | 4 | 3,048 | $289 | 0.3 mi |
B 1000 Douglas Ave Sold 4 bd · 5 ba · 3,659 sqft · $318 · 1.0 mi | $1,165,000 | 4 | 5 | 3,659 | $318 | 1.0 mi |
C 928 Russell St Sold 4 bd · 3 ba · 3,174 sqft · $362 · 0.5 mi | $1,150,000 | 4 | 3 | 3,174 | $362 | 0.5 mi |
D 1027 Chicamauga Ave Sold 3 bd · 2 ba · 2,559 sqft · $362 · 0.5 mi | $927,000 | 3 | 2 | 2,559 | $362 | 0.5 mi |
E 944 West Ave Sold 3 bd · 3 ba · 2,248 sqft · $285 · 1.0 mi | $640,000 | 3 | 3 | 2,248 | $285 | 1.0 mi |
F 307 Neill Ave Sold 4 bd · 3 ba · 2,176 sqft · $352 · 0.1 mi | $765,000 | 4 | 3 | 2,176 | $352 | 0.1 mi |
G 522 S 11th St Sold 4 bd · 3 ba · 2,615 sqft · $319 · 0.9 mi | $835,000 | 4 | 3 | 2,615 | $319 | 0.9 mi |
H 725 Hart Ave Active 4 bd · 4 ba · 3,048 sqft · $357 · 0.3 mi | $1,086,650 List Price | 4 | 4 | 3,048 | $357 | 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.
Built in 2022, this property is less than 10 years old and in mint condition. It features a modern open-concept layout, premium kitchen finishes, pristine hardwood flooring, and immaculate exterior decks with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Producing Potential
Features a completely separate, rentable living space providing excellent flexibility for passive rental income, house hacking, or multi-generational living.
- Future Equity Expansion
Includes a rare, full unfinished basement that offers massive potential for future square footage expansion and significant equity growth.
- Prime Location with No HOA
Superbly located in the heart of East Nashville just blocks from McFerrin Park and minutes from Downtown, with the financial benefit of zero HOA fees.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
The property has been active on the market for 136 days, which may indicate a slower market response or pricing misalignment for the area.
- Low-Rated Public Schools
The designated local public schools carry low performance ratings, which could be a deterrent for families prioritizing public education.
About 406 Myrtle St
Rare income-producing luxury in the heart of East Nashville! Built in 2022, this McFerrin Park residence spans 5 bedrooms, 5 full bathrooms, and 3,022 sq. ft. of thoughtfully designed living space. The hallmark feature is a completely separate, rentable living space—offering flexible options for passive rental income, house hacking, multi-generational living, or an executive guest suite. The main residence boasts an open-concept layout with rich wood and tile flooring, high ceilings, and premium finishes throughout. Exceptional bonus features include a rare full unfinished basement offering massive future equity and expansion potential, a secure rear-entry garage, and ZERO HOA fees. Unbeatable 37206 location blocks from McFerrin Park, top-rated coffee shops, vibrant dining, and minutes to Downtown Nashville. A rare combination of high-end urban living and smart financial strategy—schedule your private tour today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glenn Elementary Enhance Option School
Grades PK-4 • 0.6 mi
0/10
Caldwell Enhanced Option
Grades PK-4 • 0.6 mi
2/10
Warner Elementary Enhanced Option School
Grades PK-4 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,022 | 2,045.139 |
| Lot Size | 7,405 | 10,890 |
| Price | $909.9K | $556.0K |
| Price per sq ft | $301 | $305 |
| Built year | 2022 | 1971 |
| HOA | $0 | $133 |
| Days on market | 163 | 70 |
Pricing History
Listed for Sale
May 14, 2026
$909,900
Initial Listing