415 Merritt Ave, Nashville, TN 37203, Nashville, 37203 - 1 bed, 1 bath
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415 Merritt Ave
Nashville, TN 37203
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
893Sq Ft
871Lot Size
Property Price
LIST PRICE$382,500
EST. MARKET VALUE
$395,344
3% BelowMARKET VALUE
SUMMARY
This Modern Industrial Condo is a High-Potential Investment Opportunity, listed at $382,500—positioned well below the $395,344 Fair Market Value by 3%. This valuation gap offers $12,844 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with polished concrete floors and quartz countertops, this 2019 build is move-in ready. Located in the vibrant Wedgewood-Houston neighborhood, it is an ideal asset for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, high-demand urban lifestyle.
Estimated Market Value
$395,344+$12,844 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 415 Merritt Ave Subject | $382,500* List Price | 1 | 1 | 893 | $443 | - |
A 1260 Martin St 306 Sold | $312,000 | 1 | 1 | 816 | $382 | 0.2 mi |
B 2140 Byrum Ave 315 Sold | $351,000 | 1 | 1 | 640 | $548 | 0.4 mi |
C 504 Merritt Ave Active | $449,900 List Price | 1 | 1 | 972 | $463 | 0.1 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 2019, this property is less than 10 years old and remains in mint condition. The interior features modern quartz countertops, stainless steel appliances, and polished concrete floors, while the systems and exterior are well within their expected lifespan with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Glendale Elementary School (9/10).
- Prime Location
Situated in the trendy Wedgewood-Houston neighborhood, the property offers exceptional proximity to GEODIS Park, Soho House, and downtown Nashville.
- Modern Industrial Design
Built in 2019, the unit features high-end finishes including polished concrete floors, soaring ceilings, and quartz countertops, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Limited Living Space
The one-bedroom, one-bathroom configuration may restrict the buyer demographic to individuals or couples, limiting broader market appeal.
- Underperforming School District
Assigned high schools carry low ratings (2/10), which could negatively influence long-term appreciation and resale value for certain buyer segments.
About 415 Merritt Ave
Don't miss this opportunity to own in Wedgewood-Houston, one of Nashville's hottest and fastest-growing neighborhoods, less than 10 minutes from Downtown Nashville! Located in the sought-after Segment community, this one-owner, move-in-ready unit features polished concrete floors, soaring ceilings, oversized windows, quartz countertops, stainless steel appliances, including washer and dryer. Enjoy unbeatable access to GEODIS Park, Soho House, acclaimed restaurants, coffee shops, art galleries, and everything Downtown Nashville has to offer. Get ahead of the curve and grab some additional equity before then newest attraction located a half-mile away, "The Truth" is completed. Walkable community, with a competitively priced HOA and 30+ day rentals permitted, this property is ideal as a primary residence, second home, or investment. Opportunities in this development are rare and don't last!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2019
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $150 / Month
Neighborhood Insights
Nashville Unified Schools
Fall- Hamilton Elementary Enhanced Option
Grades PK-4 • 0.4 mi
3/10
Carter Lawrence Elementary Magnet
Grades PK-4 • 1.2 mi
4/10
John B Whitsitt Elementary School
Grades PK-4 • 2.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 893 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $382.5K | $339.9K |
| Price per sq ft | $428 | $344 |
| Built year | 2019 | 2007 |
| HOA | $150 | $329 |
| Days on market | 37 | 91 |
Pricing History
Listed for Sale
Aug 3, 2026
$382,500
Initial Listing