542 Southgate Ave 213, Nashville, TN 37203, Nashville, 37203 - 1 bed, 1 bath
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542 Southgate Ave 213
Nashville, TN 37203
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
733Sq Ft
871Lot Size
Property Price
LIST PRICE$385,000
EST. MARKET VALUE
$374,256
SUMMARY
This modern 1-bedroom condo represents a Prime Investment Opportunity, listed at $385,000—positioned slightly above the $374,257 Fair Market Value. As a 2023 build with a Mint Condition Rating, this unit offers a turnkey, low-maintenance profile with tenants already in place. Key features include a large walk-in closet, in-unit laundry, and designated parking in the vibrant Wedgewood-Houston neighborhood. This asset provides immediate cash flow and stability, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a modern, high-demand urban residence.
Estimated Market Value
$374,256
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 |
|---|---|---|---|---|---|---|
★ 542 Southgate Ave 213 Subject 1 bd · 1 ba · 733 sqft · $511 | $385,000* List Price | 1 | 1 | 733 | $511 | - |
A 2140 Byrum Ave 315 Sold 1 bd · 1 ba · 640 sqft · $548 · 0.3 mi | $351,000 | 1 | 1 | 640 | $548 | 0.3 mi |
B 1260 Martin St 306 Sold 1 bd · 1 ba · 816 sqft · $382 · 0.2 mi | $312,000 | 1 | 1 | 816 | $382 | 0.2 mi |
C 1613 Marshall Hollow Dr 203 Active 1 bd · 1 ba · 662 sqft · $452 · 0.0 mi | $299,000 List Price | 1 | 1 | 662 | $452 | 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 2023, this property is in mint condition with brand new systems, modern finishes, and requires no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Glendale Elementary School (9/10).
- Prime Location
Situated in the highly sought-after Wedgewood-Houston neighborhood, this property offers exceptional walkability to premier Nashville destinations like Soho House, Aba, and Pastis.
- Turnkey Investment
As a 2023 construction with tenants already in place, this unit provides immediate cash flow and minimal maintenance concerns in one of the city's fastest-appreciating areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 780.
- Underperforming School District
The assigned public schools for this location carry relatively low ratings, which may limit the property's long-term appeal to families or owner-occupants prioritizing education.
- Extended Market Time
With 98 days on the market, the property has exceeded typical turnover times for the area, potentially indicating a mismatch between the list price and current investor demand.
About 542 Southgate Ave 213
INVESTOR SPECIAL - TENANTS IN PLACE! Step into this modern and spacious Wedgewood-Houston condo. This light-filled 1-bedroom, 1-bath condo is located in the heart of Nashville’s hottest neighborhood. The Condo is designed for convenience and style. Huge walk-in closet with washer and dryer, plus designated parking spot. This well-maintained community offers a secure mail room and a rare large green space perfect for pets. The location is everything: walkable access to all the Wedgewood-Houston favorites — from Hermes and Soho House to Aba, Pastis local bars, restaurants, and boutique shopping. With its unbeatable location this condo is a great investment in one of Nashville’s fastest-appreciating areas without the headache of finding tenants.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $245 / Month
Neighborhood Insights
Nashville Unified Schools
Fall- Hamilton Elementary Enhanced Option
Grades PK-4 • 0.3 mi
3/10
Carter Lawrence Elementary Magnet
Grades PK-4 • 1.1 mi
4/10
John B Whitsitt Elementary School
Grades PK-4 • 2.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 733 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $385.0K | $347.6K |
| Price per sq ft | $525 | $343 |
| Built year | 2023 | 2007 |
| HOA | $245 | $334 |
| Days on market | 143 | 92 |
Pricing History
Listed for Sale
Jun 3, 2026
$385,000
Initial Listing