635 7th Ave S 609, Nashville, TN 37203, Nashville, 37203 - 3 bed, 3 bath
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Nashville, TN 37203
This Turnkey NOO-STR Asset is listed at $1,550,000, positioned slightly above the $1,510,650 Fair Market Value. As a Mint Condition property built in 2023, it offers immediate operational stability with a proven 71% occupancy rate. The residence features the largest private L-shaped balcony in downtown Nashville, providing panoramic skyline views and high-end modern finishes. While the $998 monthly association fee warrants consideration, the property’s established rental performance and prime location in The Gulch make it a compelling acquisition for Buy-and-Hold Investors or Passive Income Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 635 7th Ave S 609 Subject | $1,550,000* List Price | 3 | 3 | 1,502 | $1,006 | - |
A 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,564 | $991 | 0.5 mi |
B 1212 Laurel St 1704 Sold | $1,275,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
C 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
D 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
E 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,565 | $990 | 0.5 mi |
F 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | - |
G 635 7th Ave S 505 Active | $1,500,000 List Price | 3 | 3 | 1,886 | $795 | 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 less than 10 years old and in mint condition. It features high-end modern finishes in the bathrooms and living areas, brand new systems (HVAC/Electric), and requires no maintenance.
As a turnkey NOO-STR with a 71% occupancy rate and a high average nightly rate, this property offers immediate, high-performing cash flow potential in a prime Nashville location.
The penthouse features the largest private L-shaped balcony in downtown Nashville, providing rare and expansive panoramic views of the skyline and Music City Center.
Built in 2023, this corner penthouse offers high-end finishes and soaring ceilings, complemented by resort-style community amenities including a pool, cabanas, and a 24/7 gym.
The monthly association fee of $998 is substantial, which may impact the net operating income and overall yield for potential investors.
At over $1,000 per square foot, the property is priced at a significant premium, requiring sustained high rental performance to justify the initial capital investment.
Experience this top performing STR– #609, the premier 1.5-story corner penthouse at Hyve Nashville. Perfectly positioned facing downtown, this 3-bed, 3-bath residence boasts high-end modern finishes, towering ceilings, and an open layout ideal for entertaining. Its crowning jewel is the largest private balcony in downtown Nashville! This L-shaped deck frames sweeping views of the skyline and the Music City Center. An investor’s dream, this turnkey property operates as the highly-rated "Dreamy Penthouse" across all the rental platforms. It features a stellar 71% occupancy rate—booked Thursday through Monday nearly every single week—commanding a robust average nightly rate of $386. Enjoy world-class community amenities like a resort pool, cabanas, and a 24/7 gym. Step out your door into the energy of The Gulch and Broadway. NOO STR, AirBnB, non owner-occupied short term rental, NOO-STR
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 | 1,502 | 1,130 | 79% |
| Lot Size | 1,742 | 1,307 | 65% |
| Price | $1.55M | $419.9K | 90% |
| Price per sq ft | $1.0K | $433 | 94% |
| Built year | 2023 | 2014 | 88% |
| HOA | $998 | $520 | 88% |
| Days on market | 50 | 495 | 2% |
Apr 29, 2026
$1,550,000
Initial Listing