738 Douglas Ave 5, Nashville, TN 37207, Nashville, 37207 - 4 bed, 4 bath
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Nashville, TN 37207
This High-Yield NOO-STR Asset represents a High-Potential Investment Opportunity with a List Price of $815,000—positioned well below the $925,375 Fair Market Value by 11%. This gap secures $110,375 in Instant Equity. Boasting a Pristine Condition Rating, the 2021 build features a rooftop deck with skyline views and an LLC transfer structure to preserve the active permit. Market trends show comparable sales reaching $1,055,000, offsetting lower ratings at Jere Baxter Middle. This is a premier acquisition for Short-Term Rental Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 738 Douglas Ave 5 Subject | $815,000* List Price | 4 | 4 | 1,931 | $479 | - |
A 410 Douglas Ave Sold | $624,000 | 4 | 4 | 1,988 | $314 | 0.4 mi |
B 83 Lucile Street Sold | $993,640 | 4 | 4 | 2,090 | $475 | 0.9 mi |
C 738 Douglas Ave 4 Active | $815,000 List Price | 4 | 4 | 1,931 | $422 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is in nearly new condition and features high-end modern finishes throughout. The kitchen is equipped with a large island, white shaker cabinetry, and stainless steel appliances, while the bathrooms showcase contemporary herringbone tile work and matte black fixtures. The home is turnkey with modern flooring, recessed lighting, and a rooftop deck, meeting all current quality standards with no deferred maintenance.
The unique LLC transfer structure preserves the highly coveted Non-Owner Occupied Short-Term Rental (NOO-STR) permit, bypassing Nashville's strict new application limits and securing the property's primary value driver.
Sold fully furnished and optimized to sleep 12 guests, this 2021-built unit offers immediate 'Day 1' revenue with future bookings conveying to the buyer, making it a seamless acquisition for investors.
Situated less than 2 miles from the new Nissan Stadium and minutes from Broadway, the property features a massive 4th-floor rooftop deck with a gas fireplace and skyline views, catering perfectly to the group-travel market.
The assigned middle and high schools carry low ratings (2/10), which may limit the property's long-term appeal to traditional owner-occupant families and impact future resale versatility.
Listed as a 'Stock Cooperative,' this ownership type can present more challenges for traditional residential financing and may require specialized lenders compared to standard fee-simple or condo properties.
Calling all investors! Secure a high-performing Nashville asset at Highland Station. This 4-bedroom, 4-bathroom unit is a group-travel magnet designed for maximum ROI, comfortably sleeping 12 guests with a layout optimized for the premium short-term rental market. Sold fully furnished and turnkey, the interior features high-end decor, an expansive kitchen island, and a massive 4th-floor rooftop deck with a gas fireplace and skyline views. For the scaling investor, this unit offers the unique potential to be marketed as a dual-listing with other units in the development to capture large-scale wedding and corporate groups. The primary value driver of this offering is the LLC Transfer structure. In a market where Nashville’s Non-Owner Occupied (NOO) permits are strictly limited, this ensures the NOO-STR permit remains active and in good standing, bypassing the uncertainty of new applications and preserving the property’s most valuable legal status. Location is everything for Nashville travelers. This property is situated less than 2 miles from the new $2.1B Nissan Stadium and a sub-10-minute Uber ride from the neon lights of Lower Broadway. Guests enjoy immediate access to East Nashville’s vibrant dining scene and the downtown core, promoting high occupancy year-round. Immediate cash flow is guaranteed, as future bookings will convey to the new owner. This is a "Day 1" revenue-generating business in the direct path of Nashville’s massive urban progress. Inquire today for Trailing 12-Month (TTM) revenue data and P&L statements.
No exterior & parking available.
Grades PK-4 • 0.8 mi
Grades PK-4 • 1.0 mi
Grades 5-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 1,931 | 1,913.5 | 53% |
| Lot Size | - | - | 50% |
| Price | $815.0K | $530.0K | 68% |
| Price per sq ft | $422 | $299 | 68% |
| Built year | 2021 | 2025 | 28% |
| HOA | $130 | $175 | 33% |
| Days on market | 61 | 342 | 3% |
Feb 20, 2026
$815,000
Initial Listing