738 1st Ave N, Nashville, TN 37201, Nashville, 37201 - 1 bed, 1 bath
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Nashville, TN 37201
This Turnkey Short-Term Rental Asset is listed at $405,000, carrying a strategic premium relative to the $372,845 Fair Market Value due to its rare, transferable NOO STR Eligibility. Maintaining an Excellent Condition Rating after a total renovation, the interior showcases modern finishes and Waterfront Views of the river. Situated walking distance from Broadway, the complex offers a pool, gym, and secure parking. This high-utility acquisition is perfectly positioned for Short-Term Rental Investors or Portfolio Diversifiers seeking a move-in-ready, income-generating property in downtown Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 738 1st Ave N Subject | $385,000* List Price | 1 | 1 | 630 | $582 | - |
A 740 1st Ave N Sold | $400,000 | 1 | 1 | 630 | $635 | 0.0 mi |
B 301 Demonbreun St 911 Sold | $378,000 | 1 | 1 | 714 | $529 | 1.0 mi |
C 301 Demonbreun St 911 Sold | $378,000 | 1 | 1 | 714 | $529 | 1.0 mi |
D 732 1st Ave N Active | $418,000 List Price | 1 | 1 | 630 | $663 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1986, the property was completely renovated 2 years ago, placing it within the 5-year window for an excellent rating. The interior features modern wood-look tile flooring, updated paint, and contemporary furnishings. As a successful turnkey short-term rental, it shows no signs of deferred maintenance and meets current quality standards for a move-in ready luxury asset.
This property is a non-owner occupied short-term rental (NOO STR) with a proven track record as a successful Airbnb, making it a highly lucrative investment opportunity in the Nashville market.
Boasting rare waterfront views of the Tennessee River and situated within walking distance to Broadway, the location offers the perfect blend of scenic tranquility and urban entertainment.
The condo was completely renovated two years ago and comes fully furnished, providing a modern, move-in-ready asset that requires no immediate capital expenditure for upgrades.
With only 630 square feet of living space, the unit is relatively compact, which may limit its functionality for longer stays or guests who prefer more spacious accommodations.
While the unit itself is renovated, the building was constructed in 1986, which may lead to higher association fees or future assessments for common area maintenance and aging infrastructure.
Fully Furnished NOO STR walking distance to Broadway in downtown Nashville. Successful AIRBNB with waterfront views. Complex comes with a pool, grilling area and gym onsite. Secure location with off street parking. This condo was completely redone 2 years ago with all the amenities. Beautiful Balcony overlooking the Tennessee River, perfect for relaxing and enjoying the views.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 630 | 1,090 | 6% |
| Lot Size | 436 | 871 | 25% |
| Price | $385.0K | $883.8K | 25% |
| Price per sq ft | $611 | $656 | 50% |
| Built year | 1986 | 2008 | 25% |
| HOA | $394 | $760 | 19% |
| Days on market | 94 | 302 | 6% |
Apr 10, 2026
$385,000
$405,000
-5% Price Drop
Initial Listing
Mar 12, 2026
$405,000
Initial Listing