920 South Street 216, Nashville, TN 37203, Nashville, 37203 - 2 bed, 2 bath
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920 South Street 216
Nashville, TN 37203
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,204Sq Ft
0Lot Size
Property Price
LIST PRICE$699,900
EST. MARKET VALUE
$747,748
6% BelowMARKET VALUE
SUMMARY
This turnkey property represents a Strong Value Opportunity, listed at $699,900—positioned well below the $747,748 Fair Market Value by 6%. This valuation gap offers $47,848 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this 2BR/2BA corner unit at Illume offers breathtaking downtown skyline views and 2 assigned garage parking spaces. With a proven Airbnb Superhost status, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, low-maintenance asset in the heart of the Gulch.
Estimated Market Value
$747,748+$47,848 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 920 South Street 216 Subject | $699,900* List Price | 2 | 2 | 1,204 | $621 | - |
A 1212 Demonbreun St 1802 Sold | $800,000 | 2 | 2 | 1,147 | $697 | 0.6 mi |
B 542 Southgate Ave 104 Sold | $550,000 | 2 | 2 | 1,301 | $423 | 1.0 mi |
C 1212 Laurel St 1815 Sold | $875,000 | 2 | 2 | 1,222 | $716 | 0.5 mi |
D 600 12th Ave S 413 Sold | $750,000 | 2 | 2 | 1,108 | $677 | 0.3 mi |
E 635 7th Ave S 208 Sold | $775,000 List Price | 1 | 1 | 1,216 | 0.4 mi | |
F 1510 Demonbreun St 904 Sold | $610,000 | 2 | 2 | 1,323 | $461 | 0.6 mi |
G 600 12th Ave S 2000 Sold | $850,000 | 2 | 2 | 1,250 | $680 | 0.4 mi |
H 920 South Street 207 Active | $699,999 List Price | 2 | 2 | 1,153 | $607 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and remains in mint, turnkey condition. It features a modern kitchen with high-end stainless steel appliances, contemporary finishes, and floor-to-ceiling windows. As a newer construction, all major systems including HVAC and electric are modern and require no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Proven STR Performance
This turnkey property is a high-performing short-term rental with Airbnb Superhost status and a 4.88-star rating over 227 reviews, offering immediate ROI and established credibility for investors.
- Premium Corner Position
As a downtown-facing corner unit with floor-to-ceiling windows, the property offers superior natural light and breathtaking city views that command higher rental premiums and enhance resale value.
- Modern Infrastructure & Parking
Built in 2019, the unit includes two assigned garage parking spaces—a rare and valuable asset in downtown Nashville—alongside luxury amenities like a landscaped courtyard and pool.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $700 is a significant recurring expense that may impact the net operating income and overall cap rate for potential investors.
- Competitive STR Market
Located in the highly saturated Gulch View area, the property faces stiff competition from numerous other short-term rentals, requiring consistent high-level management to maintain its market edge.
About 920 South Street 216
Turnkey Furnished STR Investment at Illume in Gulch View - Proven performer: this downtown facing modern 2BR/2BA corner unit currently holds Airbnb Superhost status with a 4.88-star rating across 227 reviews. A downtown-facing corner position sets this unit apart, with comfort meeting income potential in one of Nashville's most sought-after buildings. Features include a luxurious primary suite, smart TVs, and an immaculate kitchen, all framed by floor-to-ceiling windows with breathtaking downtown views. 2 assigned garage parking spaces convey. Prime Gulch View location, minutes to downtown's music scene, dining, shopping, and nightlife. Building amenities include a landscaped courtyard and pool. Bonus: This unit can be packaged with unit 214 across the hall for a rare double-unit investment.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2019
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700 / 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 | 1,204 | 1,009.207 |
| Lot Size | - | 871 |
| Price | $699.9K | $339.9K |
| Price per sq ft | $581 | $344 |
| Built year | 2019 | 2007 |
| HOA | $700 | $329 |
| Days on market | 39 | 91 |
Pricing History
Listed for Sale
Aug 1, 2026
$699,900
Initial Listing