920 South St 316, Nashville, TN 37203, Nashville, 37203 - 2 bed, 2 bath
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Nashville, TN 37203
This penthouse represents a High-Potential Investment Opportunity, listed at $775,000—positioned well below the $779,545 Fair Market Value by 0.58%. This valuation gap offers $4,545 in Instant Equity. Featuring an Excellent Condition Rating, this MUL-A Zoned asset includes soaring 20-foot ceilings, a large private terrace, and deeded garage parking. With its prime location near The Gulch, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, turnkey short-term rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 South St 316 Subject | $775,000* List Price | 2 | 2 | 1,226 | $636 | - |
A 920 South Street 403 Active | $724,000 List Price | 2 | 2 | 1,118 | $648 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and remains in mint condition. The kitchen and bathrooms feature modern cabinetry, quartz countertops, and stainless steel appliances. As a newer construction, the HVAC and electrical systems are contemporary and require no maintenance.
Zoned MUL-A and located steps from The Gulch, this penthouse is optimized for Nashville's lucrative short-term rental market with the capacity to sleep up to eight guests.
The unit boasts soaring 20-foot ceilings and one of the building's largest private terraces, providing rare architectural scale and panoramic downtown skyline views.
The property includes two deeded parking spaces in a gated garage—a significant value-add for downtown—alongside access to a pool, fitness center, and grilling area.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 1226.
The $578 monthly association fee adds a substantial recurring expense that could impact the overall cap rate and net ROI for investors.
As a unit in a popular STR-focused building, owners face high internal competition for bookings, requiring aggressive management to maintain high occupancy rates.
Prime location just steps from The Gulch and only 3 minutes from downtown Nashville. This penthouse presents a rare investment opportunity in one of Nashville's most sought-after short-term rental markets. Currently the only 2-bedroom, 2-bath penthouse available, the residence features soaring 20+ foot ceilings, abundant natural light, and sweeping downtown skyline views. The spacious Great Room opens to one of the largest private terraces in the building, creating an ideal space for entertaining and enjoying the city views. Both bedrooms offer ensuite bathrooms, while a twin daybed and queen sleeper sofa provide accommodations for up to 8 guests. Residents and guests enjoy access to premium amenities, including a seasonal pool, outdoor grilling area, fitness center, and gated garage parking with two deeded spaces. Zoned MUL-A and ideally positioned near Nashville's top restaurants, entertainment, and nightlife, this property offers exceptional income potential and an unbeatable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,226 | 1,350 | 38% |
| Lot Size | 871 | 7,405 | 15% |
| Price | $775.0K | $940.0K | 46% |
| Price per sq ft | $632 | $460 | 77% |
| Built year | 2019 | 1940 | 92% |
| HOA | $578 | $0 | 85% |
| Days on market | 16 | 374 | 8% |
Jun 3, 2026
$775,000
Initial Listing