500 Merritt Ave 208, Nashville, TN 37203, Nashville, 37203 - 0 bed, 1 bath
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500 Merritt Ave 208
Nashville, TN 37203
ACTIVE
CONDITION: EXCELLENT
0Beds
1Baths
529Sq Ft
436Lot Size
Property Price
LIST PRICE$365,000
EST. MARKET VALUE
$336,537
8% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $365,000, positioned above the $336,538 Fair Market Value by -8%. As a 2024 build in Mint Condition, this unit offers a turnkey, fully furnished asset with a transferable rental permit in the heart of Wedgewood-Houston. With premium amenities like a fitness center and secure Latch entry, it provides immediate income-producing potential. This property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a high-performance, low-maintenance asset in a dynamic urban market.
Estimated Market Value
$336,537
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 |
|---|---|---|---|---|---|---|
★ 500 Merritt Ave 208 Subject 0 bd · 1 ba · 529 sqft · $636 | $365,000* List Price | 0 | 1 | 529 | $636 | - |
A 2140 Byrum Ave 315 Sold 1 bd · 1 ba · 640 sqft · $548 · 0.4 mi | $351,000 | 1 | 1 | 640 | $548 | 0.4 mi |
B 500 Merritt Ave 313 Active 1 bd · 1 ba · 520 sqft · $712 · 0.0 mi | $369,998 List Price | 1 | 1 | 520 | $712 | 0.0 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 2024, this property is in mint condition with brand-new systems and elevated finishes throughout, requiring zero maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Glendale Elementary School (9/10).
- Turn-Key Investment Potential
The property is sold fully furnished with a transferable rental permit, making it an immediate income-producing asset ideal for 1031 exchange investors.
- Prime WeHo Location
Situated in the heart of Wedgewood-Houston, the unit offers exceptional walkability to Nashville's most popular destinations, including Soho House and Bastion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 505.
- Limited Square Footage
At only 529 square feet, the studio layout may restrict the buyer pool to short-term investors or single occupants, lacking the versatility of a larger unit.
- Underperforming School District
Several assigned public schools, specifically the middle and high schools, have low ratings, which could deter long-term owner-occupants with families.
About 500 Merritt Ave 208
1031 Exchange READY!! // INVESTOR UNIT: Turn-key, fully furnished investment opportunity at The Maslow. This stylish Studio has operated as a highly successful medium-term rental, booked consistently every month last year. **Rental Permit stays with the unit!** Thoughtfully designed with custom wood shelving and elevated finishes throughout, this unit is being sold completely furnished and ready for immediate income production. The Maslow offers premium amenities including two outdoor terraces, a fitness center, and secure entry with Latch access system. Ideal for investors seeking strong rental performance in one of Nashville’s most dynamic locations. Located in the heart of Wedgewood-Houston (WeHo), one of Nashville’s most sought-after and fastest-growing neighborhoods, this condo places you steps from some of the city’s most popular spots. Bastion, Americano, SoHo House, Mercado by Butchertown more!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2024
- Lot Size
- 436 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $188 / Month
Neighborhood Insights
Nashville Unified Schools
Fall- Hamilton Elementary Enhanced Option
Grades PK-4 • 0.5 mi
3/10
Carter Lawrence Elementary Magnet
Grades PK-4 • 1.1 mi
4/10
John B Whitsitt Elementary School
Grades PK-4 • 2.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 529 | 1,009.514 |
| Lot Size | 436 | 871 |
| Price | $365.0K | $347.6K |
| Price per sq ft | $690 | $343 |
| Built year | 2024 | 2007 |
| HOA | $188 | $334 |
| Days on market | 101 | 92 |
Pricing History
Listed for Sale
Jul 15, 2026
$365,000
Initial Listing