
Nashville, TN 37219
Analysis of 510 Gay St 915, Nashville, TN 37219 is currently available with a list price of $239,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While the building dates to 1959, the unit is marketed as move-in ready with a recently updated kitchen featuring modern cabinetry and a renovated bathroom. The presence of fresh finishes and modern flooring suggests a renovation within the 5-15 year range, meeting the criteria for a well-maintained, functional living space.
Situated in the heart of downtown Nashville, this property offers exceptional walkability to the State Capitol, Broadway, and Germantown, making it highly attractive for urban professionals and city enthusiasts.
The allowance of long-term rentals combined with a move-in-ready interior provides a turnkey opportunity for investors seeking steady rental income in a high-demand metropolitan area.
The monthly association fee covers essential utilities including water, sewer, and trash, along with exterior maintenance and secured access, ensuring a low-maintenance lifestyle for the owner.
The HOA fee of $491 per month is relatively high for a 594-square-foot unit, which may impact the debt-to-income ratio for buyers and overall cash flow for investors.
Constructed in 1959, the building lacks modern in-unit conveniences like private laundry hookups, requiring residents to use communal facilities, which can be a drawback in the luxury-leaning downtown market.
Downtown Nashville Condo | Move-In Ready | Rentals Allowed Enjoy the convenience of downtown Nashville living in this well-maintained 1-bedroom, 1-bath condominium at Capitol Towers. Located on the 9th floor, this move-in ready unit offers abundant natural light, city views, and an efficient floor plan designed for comfortable everyday living. The updated kitchen features modern cabinetry, ample storage, and all appliances remain. The spacious bedroom offers generous closet space, while the full bath has been tastefully updated. Fresh finishes throughout make this home ideal as a primary residence, second home, or investment property. Residents enjoy secured building access, an on-site fitness center, laundry facilities, and a community room. HOA dues include water, sewer, trash, exterior maintenance, and common area amenities, providing low-maintenance ownership. Long-term rentals are permitted, making this an excellent opportunity for both homeowners and investors seeking rental income potential. Ideally located just blocks from the Tennessee State Capitol, Bicentennial Capitol Mall, Germantown, the Nashville Farmers' Market, TPAC, Broadway, Nissan Stadium, restaurants, entertainment, and major employers. Enjoy walkable access to many of Nashville's most popular destinations with convenient interstate access. Whether you're looking for your first home, a downtown retreat, or a smart investment, this condo offers exceptional value in one of Nashville's most desirable locations.
No exterior & parking available.
Grades PK-4 • 1.0 mi
Grades PK-4 • 1.6 mi
Grades PK-4 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 594 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $239.0K | $339.9K |
| Price per sq ft | $402 | $344 |
| Built year | 1959 | 2007 |
| HOA | $491 | $329 |
| Days on market | 36 | 91 |
Aug 12, 2026
$239,000
$224,900
+6% Price Increase
Initial Listing
Aug 4, 2026
$224,900
Initial Listing
Jul 29, 1994
$61,770
Public Record