4405 Kentucky Avenue 402, Nashville, TN 37209, Nashville, 37209 - 2 bed, 2 bath
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Nashville, TN 37209
This Premium NOO-STR Investment Asset is listed at $515,000, representing a strategic acquisition in Nashville’s high-growth urban core. While positioned above the $449,199 Fair Market Value, the price accounts for the rare Non-Owner Occupied STR Permit and MUL-A Zoning, which offer significant ROI potential. Boasting a Mint Condition Rating, the unit features a private rooftop terrace with panoramic views and modern finishes. Located in The Nations near Sylvan Park schools, it offers a 10/10 walkability rating to local breweries. This turnkey property is ideal for Short-Term Rental Investors or Savvy First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4405 Kentucky Avenue 402 Subject | $515,000* List Price | 2 | 2 | 936 | $480 | - |
A 953 44th Ave N 203 Sold | $437,000 | 2 | 2 | 955 | $458 | 0.0 mi |
B 953 44th Ave N 203 Sold | $437,000 | 2 | 2 | 955 | $458 | 0.0 mi |
C 1677 54th Ave N 314 Sold | $424,900 | 2 | 2 | 1,064 | $399 | 0.9 mi |
D 1638 54th Ave N 303 Sold | $364,900 | 1 | 1 | 875 | $417 | 0.8 mi |
E 1638 54th Ave N 234 Sold | $362,500 | 1 | 1 | 874 | $415 | 0.8 mi |
F 953 44th N 103 Active | $419,900 List Price | 2 | 2 | 850 | $494 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is less than 5 years old and in mint condition. The kitchen features modern dark cabinetry, stone countertops, and stainless steel appliances. Systems are near-new, and the unit includes high-end finishes like hardwood floors and a well-maintained private rooftop terrace.
The property is uniquely zoned for Non-Owner Occupied Short Term Rental (NOO STR) use, a rare and highly sought-after designation in The Nations that offers significant income potential for investors.
As one of only seven top-floor units, this loft features a private, spacious rooftop terrace with spectacular views, providing a premium outdoor entertaining space that is uncommon for the area.
With a 10/10 walkability rating, the property is steps from Fat Bottom Brewery and the vibrant commercial heart of The Nations, placing top restaurants, boutiques, and fitness studios at the resident's doorstep.
At 936 square feet for a two-bedroom, two-bathroom configuration, the interior living space is relatively small, which may feel restrictive for long-term residents or those with larger furniture.
Several of the assigned public schools, including the middle and high schools, have low performance ratings, which could be a drawback for families or impact long-term resale value to owner-occupants.
**PRICED TO SELL** One of only seven top floor units with private rooftop terraces boasting spectacular views! Lofts @ 44th is perfectly situated in The Nations, one of the most desirable Nashville neighborhoods, less than 10 minutes from downtown Broadway. 10/10 walkability rating only steps away from Fat Bottom Brewery and popular commercial area which includes top local restaurants/coffee shops/bars, unique boutiques, gyms, spas and MORE! Recently renovated and fully furnished this unit offers an open floorplan with hardwood floors, stainless steel appliances and tons of natural light. The real gem is the outdoor rooftop terrace with its privacy and ample space, the perfect spot for relaxing or entertaining guests. Current zoning allows for owner occupant and NOO STR use, a rarity in The Nations, ideal for the savvy investor or first time buyer looking to tap into future investments. Note, unit is currently an active Airbnb, VRBO, NOO STR and regularly booked. Proforma available upon request. Buyer/Buyer's Agent to verify all pertinent information.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 0.9 mi
Grades PK-4 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 936 | 896 | 55% |
| Lot Size | 1,307 | 871 | 86% |
| Price | $515.0K | $346.2K | 82% |
| Price per sq ft | $550 | $387 | 95% |
| Built year | 2021 | 2020 | 55% |
| HOA | $185 | $195 | 36% |
| Days on market | 29 | 269 | 5% |
Mar 27, 2026
$515,000
Initial Listing