916 1st Ave N, Nashville, TN 37201, Nashville, 37201 - 2 bed, 2 bath
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916 1st Ave N
Nashville, TN 37201
ACTIVE
CONDITION: GOOD
2Beds
2Baths
996Sq Ft
871Lot Size
Property Price
LIST PRICE$590,000
EST. MARKET VALUE
$552,235
6% AboveMARKET VALUE
SUMMARY
This non-owner occupied condo represents a Strong Value Opportunity, listed at $590,000—positioned above the $552,236 Fair Market Value. While the list price exceeds the current valuation, the property serves as a Buy-and-Hold Investor asset due to its prime riverfront location and turnkey, refreshed condition. Featuring a Condition Rating of 3, the unit offers immediate rental readiness. Despite the $800 monthly association fee, the property remains an attractive choice for Short-Term Rental Operators seeking a high-demand, waterfront location in downtown Nashville.
Estimated Market Value
$552,235
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 916 1st Ave N Subject 2 bd · 2 ba · 996 sqft · $554 | $590,000* List Price | 2 | 2 | 996 | $554 | - |
A 934 1st Ave N Sold 2 bd · 2 ba · 996 sqft · $596 · 0.0 mi | $594,000 | 2 | 2 | 996 | $596 | 0.0 mi |
B 1002 1st Ave N Active 2 bd · 2 ba · 996 sqft · $612 · 0.0 mi | $610,000 List Price | 2 | 2 | 996 | $612 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1986, the property has undergone recent cosmetic renovations, including a beautifully refreshed primary bathroom and updated flooring. It is well-maintained, functional, and move-in ready as an active short-term rental.
PROSSTRENGTHS & OPPORTUNITIES
- STR Investment Potential
As a non-owner occupied short-term rental (STR) in a prime Nashville location, this property offers significant income-generating potential for investors.
- Prime Waterfront Location
Situated in the Riverfront subdivision, the condo provides a rare combination of peaceful green space by the water and immediate proximity to the vibrant action of downtown Nashville.
- Turnkey Condition
The unit is fully styled and features a beautifully refreshed primary bath, allowing for a seamless transition to guest occupancy without the need for immediate renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1244.
- High Association Fees
The monthly association fee of $800 is relatively high for a sub-1,000 square foot unit, which may impact the overall net cash flow for investors.
- Building Age
Built in 1986, the property is nearly 40 years old, which may lead to higher long-term maintenance requirements compared to the newer luxury developments nearby.
About 916 1st Ave N
This non-owner occupied STR is a fun, stylish 2 bedroom, 2 bath condo that guests will love. The living room is bright and cozy, the kitchen is ready for a relaxed brunch, and the primary bath has been beautifully refreshed. Step outside and you've got a peaceful green space by the water, a rare find this close to the action of downtown Nashville. It's already styled and ready to welcome guests.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $800 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 996 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $590.0K | $347.6K |
| Price per sq ft | $592 | $343 |
| Built year | 1986 | 2007 |
| HOA | $800 | $334 |
| Days on market | 38 | 92 |
Pricing History
Listed for Sale
Sep 16, 2026
$590,000
Initial Listing