846 1st Ave N, Nashville, TN 37201, Nashville, 37201 - 2 bed, 2 bath
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Nashville, TN 37201
This Turnkey NOO STR Condo represents a high-performing Asset in downtown Nashville, listed at $589,000—representing a fair market entry point relative to its $574,900 Fair Market Value. Boasting a Good Condition Rating, the top-floor residence features a private deck with front-row Cumberland River views, a new HVAC system, and access to a riverfront pool. Located steps from Broadway and Nissan Stadium, the property is optimized for high occupancy in a premier tourism corridor. This is an elite acquisition for Short-Term Rental Investors or Buy-and-Hold Investors seeking immediate cash-flow potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 846 1st Ave N Subject | $589,000* List Price | 2 | 2 | 996 | $577 | - |
A 934 1st Ave N Sold | $669,000 List Price | 2 | 2 | 996 | 0.0 mi | |
B 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.1 mi |
C 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | 0.1 mi |
D 1002 1st Ave N Active | $610,000 List Price | 2 | 2 | 996 | $612 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition, which is ideal for its intended use as a short-term rental. While the building was constructed in 1986, the interior has been well-maintained with updated flooring and paint. The kitchen features functional cabinetry and a new HVAC system was recently installed. Although the kitchen appliances and style are not the most modern, the overall quality and lack of deferred maintenance meet the criteria for a 'good' rating.
The property is a rare Non-Owner Occupied Short Term Rental (NOO STR) opportunity, offering significant income potential for investors in Nashville's high-demand tourism market.
Positioned on the top floor with a private deck, this unit provides superior views of the Cumberland River and is within walking distance to Broadway, Nissan Stadium, and top entertainment venues.
The condo features a new HVAC system (2026) and access to premium community amenities including a riverfront pool, fitness center, and ample covered guest parking.
The association fee of $591 per month is relatively high for a sub-1,000 square foot unit, which may impact the overall cash flow and ROI for investors.
Built in 1986, the property and its common areas may lack the modern architectural finishes and energy efficiencies found in newer downtown Nashville developments.
**Non-Owner Occupied Short Term Rental, NOO STR** Don't miss this outstanding STR investment opportunity in the heart of downtown Nashville. The most affordable two-bedroom unit in the community. Positioned on the top floor for superior views, this turnkey riverfront condo features a private deck offering front-row vistas of the Cumberland River, spacious bedrooms with oversized walk-in closets, and generous bathrooms for you and your guests. The kitchen flows seamlessly into the dining and living area, where a cozy fireplace adds warmth and character and oversized windows showcase the Cumberland from all angles. New HVAC unit '26. As a resident you’ll enjoy premium amenities including a pool overlooking the river, a fully equipped on-site fitness center, convenient laundry facilities, and plenty of covered guest parking. All this in an unbeatable location just moments from the best of downtown: Broadway, First Horizon Park (home of the Sounds), Nissan Stadium, Ascend Amphitheater, Bridgestone Arena, and a rich array of dining and entertainment options. Whether you’re seeking a high-performing investment or a personal urban getaway, this riverfront condo delivers location, lifestyle and return potential in one exceptional offering.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 996 | 1,009 | 44% |
| Lot Size | 871 | 871 | 50% |
| Price | $589.0K | $838.8K | 44% |
| Price per sq ft | $591 | $620 | 44% |
| Built year | 1986 | 2008 | 28% |
| HOA | $591 | $715 | 39% |
| Days on market | 171 | 253 | 28% |
Nov 2, 2025
$589,000
Initial Listing