635 7th Ave S 505, Nashville, TN 37203, Nashville, 37203 - 3 bed, 3 bath
Loading property details...
Nashville, TN 37203
This High-Performing NOO-STR Condominium represents a Strong Value Opportunity, with a List Price of $1,500,000—positioned well below the $1,584,678 Fair Market Value by 5%. This valuation gap provides $84,678 in Instant Equity for the buyer. Boasting a Mint Condition Rating, the 2023-built unit generated over $200k in gross revenue and features panoramic city skyline views from a wrap-around deck. Its turnkey, professionally designed interior and prime walkability to Broadway ensure high occupancy. This asset is an elite acquisition for Short-Term Rental Investors or Income-Focused Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 635 7th Ave S 505 Subject | $1,500,000* List Price | 3 | 3 | 1,886 | $840 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.0 mi |
B 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.0 mi |
C 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,565 | $990 | 0.4 mi |
D 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,564 | $991 | 0.4 mi |
E 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.4 mi | |
F 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.4 mi | |
G 635 7th Ave S 504 Active | $1,125,000 List Price | 3 | 2 | 1,775 | $634 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and less than 10 years old. It features a modern kitchen with high-end finishes, contemporary bathrooms with glass enclosures, and brand-new mechanical systems, making it a true turnkey investment.
As a top-performing NOO-STR with over $200k in gross revenue, this unit offers a proven, high-yield investment opportunity in Nashville's lucrative short-term rental market.
Situated within walking distance to Broadway, the property features a wrap-around deck with skyline views, making it highly attractive to tourists and ensuring high occupancy rates.
The unit comes professionally designed, furnished, and styled, allowing for a seamless transition and immediate cash flow without the need for additional capital expenditure.
The monthly association fee of $1,056 is relatively high, which increases fixed operating costs and could impact the net capitalization rate for investors.
At a list price of $1.5 million, the property represents a significant initial capital investment, requiring sustained high performance to maintain competitive returns.
Looking for an STR that truly performs? Hyve Unit 505 is a top-producing unit in one of Nashville’s most sought-after NOO-STR buildings. With over $200K in gross revenue in 2025 and on pace for $275K in 2026, this is a true turnkey, cash-flowing investment. Walkable to Broadway and offering skyline views from a covered wraparound deck, this professionally designed, furnished, and styled unit is built to impress. Featuring 4 bedrooms and 3 bathrooms, the unit is zoned to accommodate the maximum occupancy of 12 guests on booking platforms, maximizing rental potential and guest appeal. The open-concept living space is filled with natural light from expansive picture windows and flows seamlessly to the terrace, creating the perfect setting for entertaining and delivering an elevated guest experience. Hyve’s resort-style amenities include a pool with cabanas, fitness center, outdoor lounge areas, and social spaces that enhance guest satisfaction and encourage repeat bookings. Located just minutes from Music City Center, Broadway, premier restaurants, live music venues, and Nashville’s top attractions, this property benefits from year-round tourism and consistent demand. Unit 505 also offers the unique ability to be double-booked with Unit 605 directly above it, creating additional income opportunities for larger groups and events. Whether you’re looking for a high-performing investment, a flexible second home, or a full-time residence, this property delivers on location, design, lifestyle, and versatility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 90% |
| Baths | 3.0 | 2.0 | 81% |
| Square foot | 1,886 | 1,130 | 92% |
| Lot Size | 1,742 | 1,307 | 65% |
| Price | $1.50M | $419.9K | 90% |
| Price per sq ft | $795 | $433 | 90% |
| Built year | 2023 | 2014 | 88% |
| HOA | $1056 | $520 | 88% |
| Days on market | 59 | 495 | 2% |
Apr 20, 2026
$1,500,000
Initial Listing