
Nashville, TN 37206
This Turnkey Townhome represents a High-Potential Investment Opportunity, listed at a List Price of $515,000, which aligns perfectly with its $515,000 Fair Market Value. Built in 2018, the property maintains a Mint Condition Rating, featuring modern quartz countertops, real hardwood floors, and 10-foot ceilings. Its proven track record as an owner-occupied short-term rental provides immediate income flexibility. Located in the heart of East Nashville, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a maintenance-free, walkable urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 816 Smiley St Subject | $515,000* List Price | 3 | 3 | 1,660 | $310 | - |
A 862 Seymour Ave Sold | $550,000 | 3 | 3 | 1,566 | $351 | 0.6 mi |
B 613 Richmond Bnd Sold | $525,000 | 2 | 3 | 1,383 | $380 | 0.5 mi |
C 615 Richmond Bnd Sold | $525,000 | 2 | 3 | 1,383 | $380 | 0.5 mi |
D 906 Smiley St Active | $529,000 List Price | 3 | 3 | 1,665 | $318 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and remains in mint condition. The interior features modern upgrades including real hardwood floors, a kitchen with quartz countertops and stainless steel appliances, and contemporary bathrooms, meeting all criteria for a turn-key, maintenance-free home.
Situated in the heart of East Nashville, this property offers exceptional walkability to iconic local destinations like Five Points, The Pharmacy Burger, and Mas Tacos, providing a highly desirable urban lifestyle.
Currently operating as a successful owner-occupied short-term rental, the property offers a turnkey opportunity for investors or homeowners looking for a residence with a proven income-generating track record.
Built in 2018, the home features premium interior details including 10-foot ceilings, real hardwood floors throughout, quartz countertops, and walk-in closets in every bedroom, ensuring a luxury feel.
Classified as a Stock Cooperative, this property may present challenges with traditional financing and requires buyers to navigate a more complex ownership model than standard fee-simple townhomes.
With a very small lot size of 871 square feet and parking limited to a side pad or street, there is minimal private yard space for pets or outdoor entertaining.
Price, location and design, this 3 bed / 2.5 bath townhome hits that rare balance with great location, strong flexibility, and priced in a way that actually makes sense whether you’re a first time homeowner or wanting to move up and be in a great location or looking to utilize it as your own owner occupied STR. Currently being used as an owner-occupied short term rental, the setup is already proven but the opportunity allows for a perfect primary residence. Inside, there is 1,660 sqft of clean, modern space with 10 foot ceilings, real hardwood floors throughout. A kitchen that just works with quartz counters, stainless appliances, and plenty of room whether you’re cooking or hosting. The gas fireplace provides for a cozy vibe in the living room and the large expansive windows pours in lots of natural light. The primary suite is a standout with both a walk-in shower and walk-in closet. Two additional bedrooms both with walk in closets, give you flexibility for guests, office space, or roommates. The spacious laundry room is huge allows for side by side appliances and a laundry sink. Additional 250 sqft storage with easy access located under the home. Parking is easy with a parking pad on the side or street parking, which is a big win for this part of town. The location is why people want East. You’re a quick walk to The Pharmacy Burger, Mas Tacos Por Favor, Butcher and Bee, Edley's Bar-B-Que, and everything happening around Five Points. Quick jump to the interstate gets you downtown in minutes. If you’ve been looking for something in East that gives you options and doesn’t feel overpriced, this one’s worth a look. Furniture is negotiable depending on the offer.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 0.6 mi
Grades PK-4 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,660 | 2,204.5 | 30% |
| Lot Size | 871 | 871 | 50% |
| Price | $515.0K | $704.8K | 15% |
| Price per sq ft | $310 | $340 | 30% |
| Built year | 2018 | 2020 | 40% |
| HOA | $140 | $0 | 65% |
| Days on market | 68 | 236 | 5% |
Apr 9, 2026
$515,000
Initial Listing