635 7th Ave S 406, Nashville, TN 37203, Nashville, 37203 - 2 bed, 1 bath
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635 7th Ave S 406
Nashville, TN 37203
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
975Sq Ft
871Lot Size
Property Price
LIST PRICE$799,950
EST. MARKET VALUE
$768,103
4% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $799,950, positioned slightly above the $768,104 Fair Market Value. As a turnkey NOO STR asset in the HYVE community, this residence features a Mint Condition Rating and includes $40,000 in high-end furnishings. The unit offers a panoramic city skyline view and resort-style amenities, catering to high-demand short-term rental guests. Despite the $640 HOA fee, the property’s prime location near Broadway and Music City Center ensures strong rental performance. This is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers.
Estimated Market Value
$768,103
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 |
|---|---|---|---|---|---|---|
★ 635 7th Ave S 406 Subject | $799,950* List Price | 2 | 1 | 975 | $788 | - |
A 1212 Demonbreun St 1402 Sold | $845,000 | 2 | 2 | 1,146 | $737 | 0.5 mi |
B 1212 Demonbreun St 1802 Sold | $800,000 | 2 | 2 | 1,147 | $697 | 0.5 mi |
C 50 Music Sq W 524 Sold | $681,900 | 2 | 2 | 766 | $890 | 0.9 mi |
D 600 12th Ave S 413 Sold | $750,000 | 2 | 2 | 1,108 | $677 | 0.3 mi |
E 1212 Laurel St 2009 SE Sold | $575,200 | 1 | 1 | 846 | $680 | 0.4 mi |
F 1212 Laurel St 1815 Sold | $875,000 | 2 | 2 | 1,222 | $716 | 0.5 mi |
G 600 12th Ave S 2000 Sold | $850,000 | 2 | 2 | 1,250 | $680 | 0.3 mi |
H 635 7th Ave S 403 Active | $675,000 List Price | 1 | 1 | 762 | $886 | 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, turnkey condition with brand new systems (HVAC/Electric) and modern finishes, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- NOO STR Zoning
The property is zoned for non-owner occupied short-term rentals, a highly lucrative and sought-after designation in Nashville's premier tourism district.
- Turnkey Investment
Includes approximately $40,000 in high-end furnishings and decor, allowing for immediate rental income without additional capital expenditure.
- Resort-Style Amenities
Residents and guests have access to premium facilities including a pool, fitness center, cabanas, and concierge services, significantly enhancing the guest experience.
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 = 987. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Association Fees
The monthly HOA fee of $640 is a significant recurring expense that will impact the overall net operating income for investors.
- Limited Bathroom Count
With only one bathroom for a two-bedroom unit, the property may face competitive disadvantages compared to other short-term rentals offering a 1:1 bed-to-bath ratio.
About 635 7th Ave S 406
A turnkey Nashville STR opportunity is now available at HYVE, one of Downtown Nashville’s premier non owner occupied short term rental communities. This fully furnished 2 bedroom, 1 bath residence is move in ready and includes approximately $40,000 in furnishings, décor, and cosmetic upgrades that convey with the sale. The unit offers a stylish open concept layout, resort style amenities including a pool, fitness center, community lounge, cabanas, fire pits, outdoor gathering areas, concierge, and gated garage parking. Located just minutes from Broadway, The Gulch, Music City Center, Bridgestone Arena, and Nashville’s top dining and entertainment, this property is ideally positioned for both personal enjoyment and investment. Zoned for NOO STR, the building is one of Nashville’s most sought after short term rental destinations, with professional STR management and lender resources available for buyers.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $640 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 975 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $800.0K | $339.9K |
| Price per sq ft | $820 | $344 |
| Built year | 2023 | 2007 |
| HOA | $640 | $329 |
| Days on market | 8 | 91 |
Pricing History
Listed for Sale
Sep 1, 2026
$799,950
Initial Listing