515 Basswood Ave #J94, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This Waterfront-Adjacent Condominium represents a Prime Investment Opportunity listed at $195,000—positioned well below the $200,970 Fair Market Value by 2%. This valuation provides $5,970 in Instant Equity at closing. While the property holds a Condition Rating of 4 due to its functional but dated 1973 finishes, it offers significant upside through the upcoming 2026 Rock Harbor Marina development. Residents enjoy Cumberland River views, a community pool, and proximity to Charlotte Park Elementary. With a flexible 30-day rental policy, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking affordable Nashville living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Basswood Ave #J94 Subject | $190,000* List Price | 2 | 1 | 968 | $204 | - |
A 515 Basswood Ave 39 Active | $214,900 List Price | 2 | 1 | 968 | $222 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is well-maintained and move-in ready but retains several dated elements characteristic of its era, such as popcorn ceilings and a basic kitchen with older white appliances. While the unit benefits from updated hardwood flooring throughout the living areas and bedrooms, it has not undergone a comprehensive modern renovation. The single-bathroom layout for a two-bedroom unit and the current lack of in-unit laundry further align it with the 'fair' condition category, representing an aged home kept functional through regular upkeep and partial updates.
The upcoming 2026 Rock Harbor Marina development and flexible 30-day rental policy offer significant opportunities for capital appreciation and consistent rental income.
Located in a desirable riverfront community overlooking the Cumberland River, the property provides a unique lifestyle with walking access to waterfront dining and recreation.
The HOA fee covers essential utilities like water and trash, along with exterior maintenance and community amenities, simplifying the management for investors and residents.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Built in 1973, the property may require modern updates and could face higher long-term maintenance costs associated with an older building.
The current lack of in-unit laundry and the presence of only one bathroom for a two-bedroom layout may be a drawback for some modern buyers and tenants.
Great investment! Enjoy easy lake living in this charming 2-bedroom, 1-bath condo located in the highly desirable Rock Harbor riverfront community overlooking the Cumberland River. Just a short walk to the popular Blue Moon Waterfront Grille, this location is perfect for enjoying waterfront dining and summer fun! Residents enjoy access to a community pool, clubhouse, and shared laundry facilities, with the added option to install in-unit laundry hookups. HOA dues cover water, trash service, exterior and grounds maintenance, as well as clubhouse and pool access for low-maintenance living. Rentals are permitted with a 30-day minimum, offering flexibility for owners and investors alike. The upcoming Rock Harbor Marina development, scheduled to begin in 2026, will feature expanded marine services, aesthetic enhancements, and infrastructure improvements, adding even more value to this waterfront community. Visit the Rock Harbor Marina website for additional project details.https://rockharbormarine.com/ **Unit currently has a tenant - please allow 24 hours for showings
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.4 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 58% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 968 | 896 | 58% |
| Lot Size | - | 871 | 17% |
| Price | $190.0K | $346.2K | 8% |
| Price per sq ft | $196 | $367 | 8% |
| Built year | 1973 | 2001 | 8% |
| HOA | $341 | $195 | 92% |
| Days on market | 71 | 352 | 8% |
May 10, 2026
$190,000
$195,000
-3% Price Drop
Initial Listing
Apr 6, 2026
$195,000
Initial Listing