803 Hillview Hts 205, Nashville, TN 37204, Nashville, 37204 - 0 bed, 1 bath
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Nashville, TN 37204
This renovated studio loft is a Strong Value Opportunity, listed at $240,000—positioned well below the $253,514 Fair Market Value by 5%. This valuation gap provides $13,514 in Instant Equity. Featuring a Turnkey Condition Rating with a Granite Kitchen and LVT Flooring, the unit is NOOSTR approved for high-yield short-term rentals. Located in Melrose near 12 South with an in-ground pool and the 9/10 rated Glendale Elementary, this is an ideal asset for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 803 Hillview Hts 205 Subject | $240,000* List Price | 0 | 1 | 418 | $606 | - |
A 801 Hillview Hts 112 Sold | $240,000 | 1 | 1 | 418 | $574 | 0.0 mi |
B 803 Hillview Hts 105 Active | $299,900 List Price | 0 | 1 | 418 | $717 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was originally constructed in 1960, the unit itself has undergone an extensive recent renovation within the last 5 years. The interior features modern upgrades including a fully updated kitchen with stainless steel appliances, granite countertops, and a contemporary mosaic tile backsplash. The living space is move-in ready with new LVT flooring and fresh paint throughout, meeting current quality standards for a turnkey short-term rental or residence.
Elementary School: Glendale Elementary School (9/10).
The property is NOOSTR approved, allowing for non-owner occupied short-term rentals, which is a highly lucrative and sought-after designation in the Nashville investment market.
Perfectly positioned in the Melrose neighborhood with immediate access to 12 South, Berry Hill, and downtown, ensuring high demand from both tourists and local professionals.
At only 418 square feet, the compact studio layout may limit the pool of long-term tenants and offers very little room for storage or furniture flexibility.
The property relies on shared on-site laundry facilities rather than private in-unit hookups, which can be a significant convenience drawback for modern occupants.
Short Term Rentals Allowed! Live (or host) right in the middle of one of Nashville’s best “in-town” neighborhoods. Studio 1 Lofts is NOOSTR approved and perfectly positioned in Melrose near 12 South, Berry Hill, and Wedgewood-Houston—plus quick access to Belmont, Vanderbilt, The Gulch, and downtown. Easy studio living with fresh paint, LVT, tile bath, an efficient kitchen, and on-site laundry facilities. Cool off in the in-ground pool and enjoy low-maintenance ownership—HOA covers exterior/grounds, pool maintenance, and trash. Can be sold furnished or unfurnished.
No exterior & parking available.
Grades PK-4 • 2.1 mi
Grades 5-8 • 1.8 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 6% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 418 | 978.5 | 6% |
| Lot Size | 436 | 871 | 31% |
| Price | $240.0K | $357.5K | 38% |
| Price per sq ft | $574 | $367 | 94% |
| Built year | 1960 | 2007 | 31% |
| HOA | $142 | $236 | 6% |
| Days on market | 52 | 371 | 6% |
Mar 1, 2026
$240,000
Initial Listing