58 Fern Ave, Nashville, TN 37207, Nashville, 37207 - 3 bed, 3 bath
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Nashville, TN 37207
This Turnkey NOO-STR Investment Asset is listed at $689,900, reflecting a premium over the $554,487 Fair Market Value due to its rare legal rental status. The property maintains an Excellent Condition Rating and features Downtown Nashville skyline views and MUG-A Zoning for legal Non-Owner Occupied Short-Term Rentals. While zoned for Whites Creek High and Joelton Middle, the asset's proximity to the Oracle HQ and East Bank ensures high rental demand. This is a strategic acquisition for Short-Term Rental Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 58 Fern Ave Subject | $689,900* List Price | 3 | 3 | 1,515 | $366 | - |
A 106 Melody Aly Sold | $644,900 | 3 | 4 | 1,985 | $325 | 0.2 mi |
B 6B Fern Ave Active | $650,000 List Price | 3 | 3 | 1,969 | $330 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is within the 10-year window for an excellent rating and has been recently refreshed with new paint and refinished hardwood floors. The interior features modern aesthetics, including contemporary light fixtures, stainless steel appliances, and high-quality finishes in the kitchen and bathrooms. The property is in turn-key condition with no visible deferred maintenance, making it ideal for immediate use as a short-term rental or primary residence.
Zoned MUG-A and approved for Non-Owner Occupied Short-Term Rentals, this property represents a high-demand investment asset in Nashville's lucrative tourism market.
Boasting stunning Downtown skyline views and situated just 8 minutes from Broadway, the property is perfectly positioned near the upcoming Oracle and East Bank developments.
Built in 2019 and recently refreshed with new paint and refinished hardwoods, the home offers a low-maintenance, move-in-ready experience for investors or residents.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The two-car garage uses a tandem layout, which can be less convenient for guests and may limit the practical use of the space if converted into a game room.
The property is zoned for schools with low performance ratings, which may deter long-term owner-occupants and limit the pool of potential future buyers to primarily investors.
Welcome to your approved NOO-STR (Non-Owner Occupied Short-Term Rental Property) in the heart of Nashville with stunning Downtown skyline views! Only 8 minutes to Broadway. This unit features 3 bedrooms, 2.5 bathrooms, and a private 2 car tandem garage so guests have dedicated parking. It is freshly painted throughout and the hardwoods refinished for your turn-key experience. There is also additional parking in front of the building. The daylight garage spaces are primed to be utilized as additional game room / flex space for guests in your Short Term Rental. Everything in this unit is set for low upkeep with maximum appeal! Additionally, this home is located within walking distance to the new East Bank and Oracle development on Nashville's River North. Plans for River North include a 4-acre Riverfront Park and a planned Pedestrian Bridge over the Cumberland River. This unit is Zoned MUG-A, perfect for your NOOSTR.
No exterior & parking available.
Grades K-4 • 3.3 mi
Grades 5-8 • 9.5 mi
Grades 9-12 • 6.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,515 | 1,464 | 54% |
| Lot Size | 871 | 871 | 50% |
| Price | $689.9K | $360.0K | 92% |
| Price per sq ft | $455 | $229 | 92% |
| Built year | 2019 | 2023 | 23% |
| HOA | $142 | $165 | 23% |
| Days on market | 303 | 218 | 77% |
Jun 23, 2025
$689,900
Initial Listing