
Nashville, TN 37203
This Premium NOO STR Asset is listed at $869,000, representing a strategic acquisition in Nashville's high-demand Wedgewood-Houston corridor. While priced above the $806,933 Fair Market Value, the property’s rare Commercial Zoning and Excellent Condition Rating justify the premium for immediate income generation. Featuring Hardwood Floors, Granite Countertops, and Park Views near Geodis Park and a local school, this turn-key townhouse is fully furnished for a seamless transition. It is a top-tier choice for Short-Term Rental Investors and 1031 Exchange Buyers seeking a high-performing, low-maintenance portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Wedgewood Ave I Subject | $869,000* List Price | 3 | 4 | 2,324 | $347 | - |
A 1618 Marshall Hollow Dr Sold | $624,500 | 3 | 4 | 1,955 | $319 | 0.3 mi |
B 1618 Marshall Hollow Dr. Sold | $624,500 | 3 | 4 | 1,916 | $326 | 0.3 mi |
C 505C Wedgewood Ave Active | $799,000 List Price | 3 | 4 | 2,024 | $395 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is well within the 10-year threshold for an excellent rating. The interior features modern high-end finishes including hardwood and stained concrete flooring, granite countertops, and a contemporary kitchen with stainless steel gas appliances and tile backsplash. The property appears meticulously maintained with no visible deferred maintenance, meeting current quality standards for a turn-key luxury residence.
Commercially zoned for Non-Owner Occupied Short Term Rentals, this property offers a rare and lucrative opportunity for investors to generate immediate income in a high-demand Nashville market.
Situated in the booming Wedgwood-Houston neighborhood, the home is walking distance to Geodis Park and minutes from downtown, providing excellent long-term appreciation potential.
Built in 2018 and offered fully furnished with high-end finishes like hardwood floors and granite countertops, the property is move-in ready with no additional capital expenditure required.
Proximity to a school, park, and Geodis Park stadium likely results in significant noise, pedestrian crowds, and traffic congestion during events and school hours.
The three-story townhome design requires navigating multiple flights of stairs to access bedrooms and main living areas, which may be a drawback for those with mobility concerns.
ATTENTION INVESTORS & OWNER-OCCUPANTS — Rare NOO STR Opportunity in Wedgwood-Houston Beautifully maintained single-family townhome in the heart of Wedgwood-Houston, commercially zoned and currently operating as a successful Airbnb. Offered fully furnished and turn-key, this property is ideal for investors seeking immediate income or owner-occupants looking for flexibility and future upside. The home features hardwood floors on the 2nd and 3rd levels, stained concrete on the main floor, tile bathrooms and showers, and granite countertops throughout. The kitchen is well-appointed with stainless steel appliances, gas range, tile backsplash, under-cabinet lighting, and a large pantry currently used as rental storage. Enjoy a covered patio with views, plus the convenience of a school and park directly across the street. Walk to local shops and restaurants, and experience the vibrant neighborhood—neighbors strolling, dogs being walked, and an energetic community atmosphere. Geodis Park is just behind the residence, and Wedgwood-Houston continues to surge with new developments, luxury hotel resorts, restaurants, and retail enhancing long-term value. Located just 2–5 minutes from downtown Nashville and on the cusp of 12 South, The Gulch, and SoBro. Excellent condition and ready for a new owner. 1031 Exchange friendly. Pro formas available upon request. 📽️ Watch the video for the best online tour experience. 📞 Call for additional details or to schedule a private showing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 57% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 2,324 | 1,430 | 93% |
| Lot Size | - | 436 | 29% |
| Price | $869.0K | $481.2K | 93% |
| Price per sq ft | $374 | $330 | 71% |
| Built year | 2018 | 2016 | 64% |
| HOA | $225 | $198 | 57% |
| Days on market | 115 | 1101 | 14% |
Dec 29, 2025
$869,000
Initial Listing